DR.REPAIRE ARNAUD: 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.REPAIRE ARNAUD
Largest movements
- Receivables within one year -€111,419
down €111,419 (-88.3%), from €126,246 to €14,827
- Cash -€42,973
down €42,973 (-67.0%), from €64,136 to €21,163
mainly Contributions, distributions and other (-€287,956) and Investment in fixed assets (net) (-€32,830)
- Deferred charges and accrued income -€42,042
down €42,042 (-31.8%), from €132,275 to €90,233
- Receivables after one year -€10,000
down €10,000 (-8.3%), from €120,000 to €110,000
- Reserves -€199,288
down €199,288 (-29.2%), from €683,092 to €483,804
- Debts after one year -€12,183
down €12,183 (-32.1%), from €37,947 to €25,763
- Tax, wage and social debts -€11,066
no longer reported in 2025 (was €11,066)
- Trade debts +€9,794
up €9,794 (+136%), from €7,223 to €17,017
- Gross operating margin -€84,112
down €84,112 (-33.1%), from €254,202 to €170,090
- Taxes -€24,183
down €24,183 (-39.4%), from €61,357 to €37,174
- Other operating charges -€5,367
down €5,367 (-82.7%), from €6,487 to €1,120
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 | €771,210 | €557,368 | -€213,841 | -27.7% |
| Fixed assets | 21/28 | €328,552 | €321,145 | -€7,408 | -2.3% |
| Tangible fixed assets | 22/27 | €284,552 | €277,126 | -€7,426 | -2.6% |
| Furniture and vehicles | 24 | €134,997 | €117,926 | -€17,071 | -12.6% |
| Other tangible fixed assets | 26 | €149,555 | €159,200 | +€9,645 | +6.4% |
| Financial fixed assets | 28 | €44,000 | €44,018 | +€18 | 0.0% |
| Current assets | 29/58 | €442,657 | €236,224 | -€206,434 | -46.6% |
| Amounts receivable after more than one year | 29 | €120,000 | €110,000 | -€10,000 | -8.3% |
| Other amounts receivable | 291 | €120,000 | €110,000 | -€10,000 | -8.3% |
| Amounts receivable within one year | 40/41 | €126,246 | €14,827 | -€111,419 | -88.3% |
| Other amounts receivable | 41 | €126,246 | €14,827 | -€111,419 | -88.3% |
| Cash at bank and in hand | 54/58 | €64,136 | €21,163 | -€42,973 | -67.0% |
| Deferred charges and accrued income | 490/1 | €132,275 | €90,233 | -€42,042 | -31.8% |
| Total equity and liabilities | 10/49 | €771,210 | €557,368 | -€213,841 | -27.7% |
| Equity | 10/15 | €701,692 | €502,404 | -€199,288 | -28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €683,092 | €483,804 | -€199,288 | -29.2% |
| Distributable reserves | 133 | €683,092 | €483,804 | -€199,288 | -29.2% |
| Amounts payable | 17/49 | €69,517 | €54,964 | -€14,553 | -20.9% |
| Amounts payable after more than one year | 17 | €37,947 | €25,763 | -€12,183 | -32.1% |
| Financial debts | 170/4 | €37,947 | €25,763 | -€12,183 | -32.1% |
| Amounts payable within one year | 42/48 | €31,571 | €29,201 | -€2,370 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €13,282 | €12,183 | -€1,098 | -8.3% |
| Trade debts | 44 | €7,223 | €17,017 | +€9,794 | +136% |
| Suppliers | 440/4 | €7,223 | €17,017 | +€9,794 | +136% |
| Taxes, remuneration and social security | 45 | €11,066 | - | -€11,066 | |
| Taxes | 450/3 | €11,066 | - | -€11,066 | |
| Non-recurring operating income | 76A | €7,549 | - | -€7,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,320 | €40,238 | +€917 | +2.3% |
| Other operating charges | 640/8 | €6,487 | €1,120 | -€5,367 | -82.7% |
| Non-recurring operating charges | 66A | €7,725 | €3,314 | -€4,411 | -57.1% |
| Gross operating margin | 9900 | €254,202 | €170,090 | -€84,112 | -33.1% |
| Operating profit (loss) | 9901 | €200,669 | €125,418 | -€75,251 | -37.5% |
| Financial income | 75/76B | €2,831 | €2,196 | -€636 | -22.5% |
| Recurring financial income | 75 | €2,831 | €2,196 | -€636 | -22.5% |
| Financial charges | 65/66B | €2,360 | €1,772 | -€588 | -24.9% |
| Recurring financial charges | 65 | €2,360 | €1,772 | -€588 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €201,140 | €125,842 | -€75,299 | -37.4% |
| Income taxes | 67/77 | €61,357 | €37,174 | -€24,183 | -39.4% |
| Profit (loss) for the period | 9904 | €139,783 | €88,668 | -€51,115 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,783 | €88,668 | -€51,115 | -36.6% |
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 31 October 2026 via checked.be.