aRZee: 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.
aRZee
Largest movements
- Cash +€43,798
up €43,798 (+29.3%), from €149,525 to €193,323
mainly Net result for the year (+€69,319) and Trade debts (+€387)
- Receivables within one year +€12,412
up €12,412 (+91.2%), from €13,613 to €26,025
of which Trade receivables: +€14,375
- Deferred charges and accrued income +€4,089
new in 2025: €4,089
- Tangible fixed assets +€2,536
up €2,536 (+559.1%), from €454 to €2,990
- Profit (loss) carried forward +€69,319
up €69,319 (+52.6%), from €131,833 to €201,151
- Tax, wage and social debts -€6,008
down €6,008 (-85.8%), from €7,000 to €992
of which Remuneration and social security: -€4,000
No income-statement line moved by more than 1% of the activity.
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.
Cash bridge derived
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 | €163,592 | €226,427 | +€62,835 | +38.4% |
| Fixed assets | 21/28 | €454 | €2,990 | +€2,536 | +559.1% |
| Tangible fixed assets | 22/27 | €454 | €2,990 | +€2,536 | +559.1% |
| Furniture and vehicles | 24 | €454 | €2,990 | +€2,536 | +559.1% |
| Current assets | 29/58 | €163,138 | €223,437 | +€60,299 | +37.0% |
| Amounts receivable within one year | 40/41 | €13,613 | €26,025 | +€12,412 | +91.2% |
| Trade receivables | 40 | €10,277 | €24,653 | +€14,375 | +139.9% |
| Other amounts receivable | 41 | €3,336 | €1,373 | -€1,963 | -58.8% |
| Cash at bank and in hand | 54/58 | €149,525 | €193,323 | +€43,798 | +29.3% |
| Deferred charges and accrued income | 490/1 | - | €4,089 | +€4,089 | |
| Total equity and liabilities | 10/49 | €163,592 | €226,427 | +€62,835 | +38.4% |
| Equity | 10/15 | €152,293 | €221,611 | +€69,319 | +45.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,833 | €201,151 | +€69,319 | +52.6% |
| Amounts payable | 17/49 | €11,299 | €4,816 | -€6,483 | -57.4% |
| Amounts payable within one year | 42/48 | €11,299 | €4,816 | -€6,483 | -57.4% |
| Trade debts | 44 | €164 | €551 | +€387 | +235.3% |
| Suppliers | 440/4 | €164 | €551 | +€387 | +235.3% |
| Taxes, remuneration and social security | 45 | €7,000 | €992 | -€6,008 | -85.8% |
| Taxes | 450/3 | €3,000 | €992 | -€2,008 | -66.9% |
| Remuneration and social security | 454/9 | €4,000 | €0 | -€4,000 | -100.0% |
| Other amounts payable | 47/48 | €4,135 | €3,273 | -€862 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €302 | +€30 | +10.8% |
| Other operating charges | 640/8 | €193 | €199 | +€7 | +3.4% |
| Gross operating margin | 9900 | €86,697 | €87,570 | +€873 | +1.0% |
| Operating profit (loss) | 9901 | €86,231 | €87,069 | +€837 | +1.0% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €86,164 | €86,996 | +€832 | +1.0% |
| Income taxes | 67/77 | €17,460 | €17,678 | +€217 | +1.2% |
| Profit (loss) for the period | 9904 | €68,704 | €69,319 | +€615 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,704 | €69,319 | +€615 | +0.9% |
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 12 October 2026 via checked.be.