D'ARROS: what changed
Two fiscal 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.
D'ARROS
Largest movements
- Cash -€163,737
down €163,737 (-15.3%), from €1.1m to €907,480
mainly Contributions, distributions and other (-€900,000) and Investment in fixed assets (net) (-€62,745)
- Tangible fixed assets +€38,879
up €38,879 (+83.8%), from €46,404 to €85,283
of which Furniture and vehicles: +€38,879
- Profit (loss) carried forward -€959,794
down €959,794 (-89.4%), from €1.1m to €113,790
- Other debts +€631,948
new in 2025: €631,948
- Tax, wage and social debts +€225,058
up €225,058 (+496.4%), from €45,341 to €270,399
- Current portion of long-term debt -€18,607
down €18,607 (-100.0%), from €18,607 to €0
- Gross operating margin -€5,927
down €5,927 (-22.1%), from -€26,833 to -€32,760
- Other operating charges +€1,160
up €1,160 (+95.4%), from €1,216 to €2,376
- Depreciation -€766
down €766 (-3.1%), from €24,633 to €23,866
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 | €1,330,169 | €1,199,354 | -€130,816 | -9.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €46,404 | €85,283 | +€38,879 | +83.8% |
| Tangible fixed assets | 22/27 | €46,404 | €85,283 | +€38,879 | +83.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €46,404 | €85,283 | +€38,879 | +83.8% |
| Current assets | 29/58 | €1,283,765 | €1,114,071 | -€169,694 | -13.2% |
| Stocks and contracts in progress | 3 | €194,691 | €194,691 | = | 0.0% |
| Stocks | 30/36 | €194,691 | €194,691 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,287 | €8,607 | -€6,680 | -43.7% |
| Trade receivables | 40 | €12,172 | €4,672 | -€7,500 | -61.6% |
| Other amounts receivable | 41 | €3,115 | €3,935 | +€820 | +26.3% |
| Cash at bank and in hand | 54/58 | €1,071,217 | €907,480 | -€163,737 | -15.3% |
| Deferred charges and accrued income | 490/1 | €2,571 | €3,293 | +€722 | +28.1% |
| Total equity and liabilities | 10/49 | €1,330,169 | €1,199,354 | -€130,816 | -9.8% |
| Equity | 10/15 | €1,250,576 | €290,782 | -€959,794 | -76.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €114,992 | €114,992 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €108,792 | €108,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,073,584 | €113,790 | -€959,794 | -89.4% |
| Amounts payable | 17/49 | €79,594 | €908,572 | +€828,978 | +1041.5% |
| Amounts payable within one year | 42/48 | €79,594 | €908,572 | +€828,978 | +1041.5% |
| Current portion of amounts payable after more than one year | 42 | €18,607 | €0 | -€18,607 | -100.0% |
| Trade debts | 44 | €15,645 | €6,225 | -€9,421 | -60.2% |
| Suppliers | 440/4 | €15,645 | €6,225 | -€9,421 | -60.2% |
| Taxes, remuneration and social security | 45 | €45,341 | €270,399 | +€225,058 | +496.4% |
| Taxes | 450/3 | €45,341 | €270,399 | +€225,058 | +496.4% |
| Other amounts payable | 47/48 | - | €631,948 | +€631,948 | |
| Non-recurring operating income | 76A | - | €19,976 | +€19,976 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,633 | €23,866 | -€766 | -3.1% |
| Other operating charges | 640/8 | €1,216 | €2,376 | +€1,160 | +95.4% |
| Gross operating margin | 9900 | -€26,833 | -€32,760 | -€5,927 | -22.1% |
| Operating profit (loss) | 9901 | -€52,682 | -€59,003 | -€6,321 | -12.0% |
| Financial income | 75/76B | €2 | €5 | +€3 | +168.4% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +168.4% |
| Financial charges | 65/66B | €486 | €431 | -€55 | -11.3% |
| Recurring financial charges | 65 | €486 | €431 | -€55 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€53,166 | -€59,429 | -€6,263 | -11.8% |
| Income taxes | 67/77 | €186 | €365 | +€179 | +96.1% |
| Profit (loss) for the period | 9904 | -€53,352 | -€59,794 | -€6,441 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,352 | -€59,794 | -€6,441 | -12.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.