DR. GREET ARRAS: 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. GREET ARRAS
Largest movements
- Receivables after one year -€74,662
down €74,662 (-83.0%), from €90,000 to €15,338
- Cash +€36,075
up €36,075 (+35.4%), from €101,839 to €137,913
mainly Receivables after one year (+€74,662) and Net result for the year (+€43,272)
- Tangible fixed assets -€12,876
down €12,876 (-7.1%), from €180,845 to €167,969
of which Land and buildings: -€14,110
- Deferred charges and accrued income +€10,377
up €10,377 (+621%), from €1,670 to €12,046
- Receivables within one year -€5,738
down €5,738 (-100%), from €5,738 to €0
of which Other amounts receivable: -€5,738
- Reserves -€24,262
down €24,262 (-14.1%), from €171,557 to €147,295
- Debts after one year -€18,764
down €18,764 (-11.8%), from €158,502 to €139,738
- Contributions -€17,016
down €17,016 (-100%), from €17,016 to €0
- Accrued charges and deferred income +€14,215
up €14,215 (+4,360%), from €326 to €14,541
- Gross operating margin +€30,819
up €30,819 (+22.3%), from €138,026 to €168,845
- Taxes +€7,232
up €7,232 (+64.0%), from €11,296 to €18,528
- Financial charges +€2,768
up €2,768 (+52.3%), from €5,296 to €8,064
- Staff costs +€2,756
up €2,756 (+3.8%), from €72,677 to €75,432
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 | €380,092 | €333,267 | -€46,825 | -12.3% |
| Fixed assets | 21/28 | €180,845 | €167,969 | -€12,876 | -7.1% |
| Tangible fixed assets | 22/27 | €180,845 | €167,969 | -€12,876 | -7.1% |
| Land and buildings | 22 | €160,469 | €146,359 | -€14,110 | -8.8% |
| Plant, machinery and equipment | 23 | €16,532 | €18,382 | +€1,850 | +11.2% |
| Furniture and vehicles | 24 | €3,845 | €3,228 | -€616 | -16.0% |
| Current assets | 29/58 | €199,247 | €165,298 | -€33,949 | -17.0% |
| Amounts receivable after more than one year | 29 | €90,000 | €15,338 | -€74,662 | -83.0% |
| Other amounts receivable | 291 | €90,000 | €15,338 | -€74,662 | -83.0% |
| Amounts receivable within one year | 40/41 | €5,738 | €0 | -€5,738 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,738 | €0 | -€5,738 | -100% |
| Cash at bank and in hand | 54/58 | €101,839 | €137,913 | +€36,075 | +35.4% |
| Deferred charges and accrued income | 490/1 | €1,670 | €12,046 | +€10,377 | +621% |
| Total equity and liabilities | 10/49 | €380,092 | €333,267 | -€46,825 | -12.3% |
| Equity | 10/15 | €188,573 | €147,295 | -€41,278 | -21.9% |
| Contributions | 10/11 | €17,016 | €0 | -€17,016 | -100% |
| Reserves | 13 | €171,557 | €147,295 | -€24,262 | -14.1% |
| Distributable reserves | 133 | €171,557 | €147,295 | -€24,262 | -14.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €191,519 | €185,972 | -€5,547 | -2.9% |
| Amounts payable after more than one year | 17 | €158,502 | €139,738 | -€18,764 | -11.8% |
| Financial debts | 170/4 | €158,502 | €139,738 | -€18,764 | -11.8% |
| Amounts payable within one year | 42/48 | €32,691 | €31,692 | -€999 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €17,104 | €18,764 | +€1,660 | +9.7% |
| Trade debts | 44 | €2,550 | €2,837 | +€286 | +11.2% |
| Suppliers | 440/4 | €2,550 | €2,837 | +€286 | +11.2% |
| Taxes, remuneration and social security | 45 | €12,920 | €10,092 | -€2,828 | -21.9% |
| Taxes | 450/3 | €9,900 | €10,092 | +€193 | +1.9% |
| Remuneration and social security | 454/9 | €3,021 | €0 | -€3,021 | -100% |
| Other amounts payable | 47/48 | €117 | €0 | -€117 | -100% |
| Accrued charges and deferred income | 492/3 | €326 | €14,541 | +€14,215 | +4,360% |
| Remuneration, social security and pensions | 62 | €72,677 | €75,432 | +€2,756 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,105 | €21,664 | +€1,559 | +7.8% |
| Other operating charges | 640/8 | €2,210 | €1,887 | -€323 | -14.6% |
| Gross operating margin | 9900 | €138,026 | €168,845 | +€30,819 | +22.3% |
| Operating profit (loss) | 9901 | €43,034 | €69,862 | +€26,828 | +62.3% |
| Financial income | 75/76B | €1,350 | €2 | -€1,349 | -99.9% |
| Recurring financial income | 75 | €1,350 | €2 | -€1,349 | -99.9% |
| Financial charges | 65/66B | €5,296 | €8,064 | +€2,768 | +52.3% |
| Recurring financial charges | 65 | €5,296 | €8,064 | +€2,768 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €39,088 | €61,800 | +€22,712 | +58.1% |
| Income taxes | 67/77 | €11,296 | €18,528 | +€7,232 | +64.0% |
| Profit (loss) for the period | 9904 | €27,792 | €43,272 | +€15,479 | +55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,792 | €43,272 | +€15,479 | +55.7% |
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 28 October 2026 via checked.be.