Dr. Arzu TEK: 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. Arzu TEK
Largest movements
- Receivables within one year +€46,078
up €46,078 (+262%), from €17,594 to €63,672
- Intangible fixed assets -€30,000
down €30,000 (-48.1%), from €62,354 to €32,354
- Cash -€13,817
down €13,817 (-38.3%), from €36,110 to €22,293
mainly Receivables within one year (-€46,078) and Debts after one year (-€12,409)
- Deferred charges and accrued income -€8,876
down €8,876 (-15.1%), from €58,624 to €49,748
- Tangible fixed assets +€6,606
up €6,606 (+41.4%), from €15,973 to €22,579
of which Furniture and vehicles: +€7,315
- Debts after one year -€12,409
down €12,409 (-66.3%), from €18,720 to €6,311
- Reserves +€11,190
up €11,190 (+7.8%), from €142,929 to €154,119
- Gross operating margin -€5,310
down €5,310 (-8.7%), from €60,849 to €55,539
- Depreciation +€1,673
up €1,673 (+4.9%), from €33,854 to €35,526
- Financial income +€1,672
up €1,672 (+718%), from €233 to €1,905
- Taxes -€1,208
down €1,208 (-16.7%), from €7,249 to €6,041
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 | €190,654 | €190,646 | -€8 | 0.0% |
| Fixed assets | 21/28 | €78,327 | €54,933 | -€23,394 | -29.9% |
| Intangible fixed assets | 21 | €62,354 | €32,354 | -€30,000 | -48.1% |
| Tangible fixed assets | 22/27 | €15,973 | €22,579 | +€6,606 | +41.4% |
| Land and buildings | 22 | €3,665 | €3,115 | -€550 | -15.0% |
| Plant, machinery and equipment | 23 | €6,032 | €5,873 | -€159 | -2.6% |
| Furniture and vehicles | 24 | €6,276 | €13,591 | +€7,315 | +117% |
| Current assets | 29/58 | €112,328 | €135,713 | +€23,386 | +20.8% |
| Amounts receivable within one year | 40/41 | €17,594 | €63,672 | +€46,078 | +262% |
| Other amounts receivable | 41 | €17,594 | €63,672 | +€46,078 | +262% |
| Cash at bank and in hand | 54/58 | €36,110 | €22,293 | -€13,817 | -38.3% |
| Deferred charges and accrued income | 490/1 | €58,624 | €49,748 | -€8,876 | -15.1% |
| Total equity and liabilities | 10/49 | €190,654 | €190,646 | -€8 | 0.0% |
| Equity | 10/15 | €147,929 | €159,119 | +€11,190 | +7.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €142,929 | €154,119 | +€11,190 | +7.8% |
| Distributable reserves | 133 | €142,929 | €154,119 | +€11,190 | +7.8% |
| Amounts payable | 17/49 | €42,726 | €31,527 | -€11,198 | -26.2% |
| Amounts payable after more than one year | 17 | €18,720 | €6,311 | -€12,409 | -66.3% |
| Financial debts | 170/4 | €18,720 | €6,311 | -€12,409 | -66.3% |
| Amounts payable within one year | 42/48 | €24,006 | €25,217 | +€1,211 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €12,131 | €12,409 | +€278 | +2.3% |
| Trade debts | 44 | €2,875 | €3,808 | +€932 | +32.4% |
| Suppliers | 440/4 | €2,875 | €3,808 | +€932 | +32.4% |
| Taxes, remuneration and social security | 45 | €9,000 | €9,000 | = | 0.0% |
| Taxes | 450/3 | €9,000 | €9,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €420 | €350 | -€70 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,854 | €35,526 | +€1,673 | +4.9% |
| Other operating charges | 640/8 | €555 | €573 | +€19 | +3.4% |
| Gross operating margin | 9900 | €60,849 | €55,539 | -€5,310 | -8.7% |
| Operating profit (loss) | 9901 | €26,021 | €19,090 | -€6,931 | -26.6% |
| Financial income | 75/76B | €233 | €1,905 | +€1,672 | +718% |
| Recurring financial income | 75 | €233 | €1,905 | +€1,672 | +718% |
| Financial charges | 65/66B | €3,962 | €3,764 | -€199 | -5.0% |
| Recurring financial charges | 65 | €3,962 | €3,764 | -€199 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €22,291 | €17,232 | -€5,060 | -22.7% |
| Income taxes | 67/77 | €7,249 | €6,041 | -€1,208 | -16.7% |
| Profit (loss) for the period | 9904 | €15,042 | €11,190 | -€3,852 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,042 | €11,190 | -€3,852 | -25.6% |
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 15 October 2026 via checked.be.