Dr. Arie: 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.
Dr. Arie
Largest movements
- Current investments -€249,944
down €249,944 (-62.5%), from €399,892 to €149,949
- Cash +€240,706
up €240,706 (+856%), from €28,120 to €268,826
mainly Current investments (+€249,944) and Net result for the year (+€161,310)
- Receivables within one year +€225,744
up €225,744 (+660%), from €34,201 to €259,946
of which Other amounts receivable: +€222,782
- Tangible fixed assets -€9,477
down €9,477 (-32.0%), from €29,657 to €20,180
- Reserves +€161,310
up €161,310 (+38.2%), from €422,055 to €583,365
- Tax, wage and social debts +€44,571
up €44,571 (+77.7%), from €57,329 to €101,900
of which Taxes: +€44,571
- Gross operating margin -€36,477
down €36,477 (-14.9%), from €244,276 to €207,799
- Taxes -€8,027
down €8,027 (-14.3%), from €56,269 to €48,242
- Financial income +€4,114
up €4,114 (+50.0%), from €8,225 to €12,339
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 | €491,871 | €698,901 | +€207,030 | +42.1% |
| Fixed assets | 21/28 | €29,657 | €20,180 | -€9,477 | -32.0% |
| Tangible fixed assets | 22/27 | €29,657 | €20,180 | -€9,477 | -32.0% |
| Furniture and vehicles | 24 | €29,657 | €20,180 | -€9,477 | -32.0% |
| Current assets | 29/58 | €462,214 | €678,721 | +€216,507 | +46.8% |
| Amounts receivable within one year | 40/41 | €34,201 | €259,946 | +€225,744 | +660% |
| Trade receivables | 40 | €6,984 | €9,946 | +€2,962 | +42.4% |
| Other amounts receivable | 41 | €27,218 | €250,000 | +€222,782 | +819% |
| Current investments | 50/53 | €399,892 | €149,949 | -€249,944 | -62.5% |
| Cash at bank and in hand | 54/58 | €28,120 | €268,826 | +€240,706 | +856% |
| Total equity and liabilities | 10/49 | €491,871 | €698,901 | +€207,030 | +42.1% |
| Equity | 10/15 | €427,055 | €588,365 | +€161,310 | +37.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €422,055 | €583,365 | +€161,310 | +38.2% |
| Distributable reserves | 133 | €422,055 | €583,365 | +€161,310 | +38.2% |
| Amounts payable | 17/49 | €64,816 | €110,536 | +€45,720 | +70.5% |
| Amounts payable within one year | 42/48 | €64,816 | €110,536 | +€45,720 | +70.5% |
| Trade debts | 44 | €1,392 | €1,184 | -€208 | -15.0% |
| Suppliers | 440/4 | €1,392 | €1,184 | -€208 | -15.0% |
| Taxes, remuneration and social security | 45 | €57,329 | €101,900 | +€44,571 | +77.7% |
| Taxes | 450/3 | €53,900 | €98,472 | +€44,571 | +82.7% |
| Remuneration and social security | 454/9 | €3,428 | €3,428 | = | 0.0% |
| Other amounts payable | 47/48 | €6,096 | €7,453 | +€1,357 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,477 | €9,477 | = | 0.0% |
| Other operating charges | 640/8 | €564 | €571 | +€7 | +1.3% |
| Gross operating margin | 9900 | €244,276 | €207,799 | -€36,477 | -14.9% |
| Operating profit (loss) | 9901 | €234,234 | €197,750 | -€36,484 | -15.6% |
| Financial income | 75/76B | €8,225 | €12,339 | +€4,114 | +50.0% |
| Recurring financial income | 75 | €8,225 | €12,339 | +€4,114 | +50.0% |
| Financial charges | 65/66B | €434 | €538 | +€104 | +24.0% |
| Recurring financial charges | 65 | €434 | €538 | +€104 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €242,026 | €209,552 | -€32,475 | -13.4% |
| Income taxes | 67/77 | €56,269 | €48,242 | -€8,027 | -14.3% |
| Profit (loss) for the period | 9904 | €185,757 | €161,310 | -€24,447 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €185,757 | €161,310 | -€24,447 | -13.2% |
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 21 October 2026 via checked.be.