EL ARIF: 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.
EL ARIF
Largest movements
- Receivables within one year +€130,451
up €130,451 (+98.3%), from €132,644 to €263,095
of which Trade receivables: +€120,150
- Cash +€18,886
up €18,886 (+99.4%), from €18,997 to €37,882
- Tangible fixed assets -€4,240
no longer reported in 2023 (was €4,240)
- Advances received +€125,422
new in 2023: €125,422
- Profit (loss) carried forward +€11,875
up €11,875 (+46.4%), from €25,612 to €37,488
- Trade debts +€7,800
up €7,800 (+7.2%), from €107,900 to €115,700
- Gross operating margin -€14,948
down €14,948 (-56.1%), from €26,657 to €11,708
- Depreciation -€4,240
no longer reported in 2023 (was €4,240)
- Other operating charges -€2,087
down €2,087 (-81.1%), from €2,573 to €486
- Financial charges -€2,046
down €2,046 (-93.8%), from €2,181 to €134
- Financial income +€601
up €601 (+472%), from €127 to €728
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,211 | €302,308 | +€145,097 | +92.3% |
| Fixed assets | 21/28 | €5,570 | €1,330 | -€4,240 | -76.1% |
| Tangible fixed assets | 22/27 | €4,240 | - | -€4,240 | |
| Furniture and vehicles | 24 | €4,240 | - | -€4,240 | |
| Financial fixed assets | 28 | €1,330 | €1,330 | = | 0.0% |
| Current assets | 29/58 | €151,641 | €300,977 | +€149,337 | +98.5% |
| Amounts receivable within one year | 40/41 | €132,644 | €263,095 | +€130,451 | +98.3% |
| Trade receivables | 40 | €58,032 | €178,182 | +€120,150 | +207% |
| Other amounts receivable | 41 | €74,612 | €84,913 | +€10,301 | +13.8% |
| Cash at bank and in hand | 54/58 | €18,997 | €37,882 | +€18,886 | +99.4% |
| Total equity and liabilities | 10/49 | €157,211 | €302,308 | +€145,097 | +92.3% |
| Equity | 10/15 | €47,617 | €59,492 | +€11,875 | +24.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €3,005 | €3,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,105 | €1,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,612 | €37,488 | +€11,875 | +46.4% |
| Amounts payable | 17/49 | €109,594 | €242,815 | +€133,221 | +122% |
| Amounts payable within one year | 42/48 | €109,594 | €242,815 | +€133,221 | +122% |
| Trade debts | 44 | €107,900 | €115,700 | +€7,800 | +7.2% |
| Suppliers | 440/4 | €107,900 | €115,700 | +€7,800 | +7.2% |
| Advances received on contracts in progress | 46 | - | €125,422 | +€125,422 | |
| Other amounts payable | 47/48 | €1,694 | €1,694 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,240 | - | -€4,240 | |
| Other operating charges | 640/8 | €2,573 | €486 | -€2,087 | -81.1% |
| Non-recurring operating charges | 66A | €15,273 | €1,913 | -€13,360 | -87.5% |
| Gross operating margin | 9900 | €26,657 | €11,708 | -€14,948 | -56.1% |
| Operating profit (loss) | 9901 | €4,571 | €9,310 | +€4,739 | +104% |
| Financial income | 75/76B | €127 | €728 | +€601 | +472% |
| Recurring financial income | 75 | €127 | €728 | +€601 | +472% |
| Financial charges | 65/66B | €2,181 | €134 | -€2,046 | -93.8% |
| Recurring financial charges | 65 | €2,181 | €134 | -€2,046 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €2,517 | €9,903 | +€7,386 | +293% |
| Profit (loss) for the period | 9904 | €2,517 | €9,903 | +€7,386 | +293% |
| Profit (loss) for the period to be appropriated | 9905 | €2,517 | €9,903 | +€7,386 | +293% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.