Arzai: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Arzai
Largest movements
- Stocks and contracts -€6,887
down €6,887 (-48.6%), from €14,166 to €7,279
- Receivables within one year +€4,337
up €4,337 (+180%), from €2,414 to €6,751
of which Other amounts receivable: +€3,478
- Cash +€1,932
up €1,932 (+149%), from €1,294 to €3,225
mainly Trade debts (+€11,282) and Stocks and contracts (+€6,887)
- Trade debts +€11,282
up €11,282 (+1,133%), from €996 to €12,277
- Tax, wage and social debts -€6,349
down €6,349 (-66.8%), from €9,503 to €3,154
of which Taxes: -€8,846
- Profit (loss) carried forward -€5,552
down €5,552 (-601%), from -€924 to -€6,476
- Gross operating margin -€63,063
down €63,063, from €61,150 to -€1,913
- Purchases and services -€46,982
down €46,982 (-13.0%), from €360,565 to €313,584
- Turnover -€41,978
down €41,978 (-11.9%), from €352,449 to €310,471
- Other operating charges -€5,269
down €5,269 (-62.3%), from €8,460 to €3,191
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,874 | €17,256 | -€619 | -3.5% |
| Current assets | 29/58 | €17,874 | €17,256 | -€619 | -3.5% |
| Stocks and contracts in progress | 3 | €14,166 | €7,279 | -€6,887 | -48.6% |
| Stocks | 30/36 | €14,166 | €7,279 | -€6,887 | -48.6% |
| Amounts receivable within one year | 40/41 | €2,414 | €6,751 | +€4,337 | +180% |
| Trade receivables | 40 | €2,414 | €3,273 | +€858 | +35.6% |
| Other amounts receivable | 41 | - | €3,478 | +€3,478 | |
| Cash at bank and in hand | 54/58 | €1,294 | €3,225 | +€1,932 | +149% |
| Total equity and liabilities | 10/49 | €17,874 | €17,256 | -€619 | -3.5% |
| Equity | 10/15 | €7,376 | €1,824 | -€5,552 | -75.3% |
| Contributions | 10/11 | €8,300 | €8,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€924 | -€6,476 | -€5,552 | -601% |
| Amounts payable | 17/49 | €10,498 | €15,431 | +€4,933 | +47.0% |
| Amounts payable within one year | 42/48 | €10,498 | €15,431 | +€4,933 | +47.0% |
| Trade debts | 44 | €996 | €12,277 | +€11,282 | +1,133% |
| Suppliers | 440/4 | €996 | €12,277 | +€11,282 | +1,133% |
| Taxes, remuneration and social security | 45 | €9,503 | €3,154 | -€6,349 | -66.8% |
| Taxes | 450/3 | €9,503 | €656 | -€8,846 | -93.1% |
| Remuneration and social security | 454/9 | - | €2,498 | +€2,498 | |
| Turnover | 70 | €352,449 | €310,471 | -€41,978 | -11.9% |
| Non-recurring operating income | 76A | €489 | - | -€489 | |
| Goods, raw materials, services and sundry goods | 60/61 | €360,565 | €313,584 | -€46,982 | -13.0% |
| Remuneration, social security and pensions | 62 | €113 | - | -€113 | |
| Other operating charges | 640/8 | €8,460 | €3,191 | -€5,269 | -62.3% |
| Gross operating margin | 9900 | €61,150 | -€1,913 | -€63,063 | |
| Operating profit (loss) | 9901 | €52,578 | -€5,104 | -€57,682 | |
| Financial charges | 65/66B | €513 | €448 | -€66 | -12.8% |
| Recurring financial charges | 65 | €513 | €448 | -€66 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €52,064 | -€5,552 | -€57,616 | |
| Income taxes | 67/77 | €2,512 | - | -€2,512 | |
| Profit (loss) for the period | 9904 | €49,552 | -€5,552 | -€55,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,552 | -€5,552 | -€55,104 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.