ESO-ARM: what changed
ESO-ARM
Largest movements
- Cash +€9,305
up €9,305 (+432%), from €2,152 to €11,457
mainly Depreciation (+€8,152) and Net result for the year (+€6,034)
- Tangible fixed assets -€7,181
down €7,181 (-84.0%), from €8,546 to €1,364
- Receivables within one year +€618
up €618 (+52.5%), from €1,177 to €1,795
of which Trade receivables: +€799
- Profit (loss) carried forward +€6,034
up €6,034 (+11.1%), from -€54,161 to -€48,127
- Other debts -€2,547
down €2,547 (-12.5%), from €20,406 to €17,859
- Trade debts -€726
down €726 (-81.8%), from €888 to €162
- Gross operating margin +€15,240
up €15,240 (+3,368%), from €453 to €15,692
- Financial charges +€706
up €706 (+140%), from €504 to €1,209
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,249 | €14,990 | +€2,741 | +22.4% |
| Fixed assets | 21/28 | €8,546 | €1,364 | -€7,181 | -84.0% |
| Tangible fixed assets | 22/27 | €8,546 | €1,364 | -€7,181 | -84.0% |
| Furniture and vehicles | 24 | €8,546 | €1,364 | -€7,181 | -84.0% |
| Current assets | 29/58 | €3,704 | €13,626 | +€9,922 | +268% |
| Amounts receivable within one year | 40/41 | €1,177 | €1,795 | +€618 | +52.5% |
| Trade receivables | 40 | €787 | €1,585 | +€799 | +102% |
| Other amounts receivable | 41 | €391 | €210 | -€181 | -46.3% |
| Cash at bank and in hand | 54/58 | €2,152 | €11,457 | +€9,305 | +432% |
| Deferred charges and accrued income | 490/1 | €375 | €375 | = | 0.0% |
| Total equity and liabilities | 10/49 | €12,249 | €14,990 | +€2,741 | +22.4% |
| Equity | 10/15 | -€49,161 | -€43,127 | +€6,034 | +12.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,161 | -€48,127 | +€6,034 | +11.1% |
| Amounts payable | 17/49 | €61,410 | €58,117 | -€3,293 | -5.4% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,410 | €18,117 | -€3,293 | -15.4% |
| Trade debts | 44 | €888 | €162 | -€726 | -81.8% |
| Suppliers | 440/4 | €888 | €162 | -€726 | -81.8% |
| Taxes, remuneration and social security | 45 | €116 | €96 | -€20 | -17.4% |
| Taxes | 450/3 | €116 | €96 | -€20 | -17.4% |
| Other amounts payable | 47/48 | €20,406 | €17,859 | -€2,547 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,078 | €8,152 | +€74 | +0.9% |
| Other operating charges | 640/8 | €194 | €322 | +€128 | +66.2% |
| Gross operating margin | 9900 | €453 | €15,692 | +€15,240 | +3,368% |
| Operating profit (loss) | 9901 | -€7,819 | €7,218 | +€15,038 | |
| Financial income | 75/76B | €47 | €25 | -€21 | -45.9% |
| Recurring financial income | 75 | €47 | €25 | -€21 | -45.9% |
| Financial charges | 65/66B | €504 | €1,209 | +€706 | +140% |
| Recurring financial charges | 65 | €504 | €1,209 | +€706 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€8,277 | €6,034 | +€14,311 | |
| Profit (loss) for the period | 9904 | -€8,277 | €6,034 | +€14,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,277 | €6,034 | +€14,311 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.