ARROWS SYSTEMS: 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.
ARROWS SYSTEMS
Largest movements
- Receivables within one year +€11,336
up €11,336 (+27.3%), from €41,476 to €52,812
of which Other amounts receivable: +€24,550
- Tangible fixed assets +€8,156
up €8,156 (+187%), from €4,350 to €12,506
- Cash +€4,357
up €4,357 (+19.5%), from €22,359 to €26,716
mainly Other debts (+€30,000) and Tax, wage and social debts (+€14,687)
- Other debts +€30,000
new in 2025: €30,000
- Reserves -€22,395
down €22,395 (-41.6%), from €53,784 to €31,389
- Tax, wage and social debts +€14,687
up €14,687 (+157%), from €9,329 to €24,016
of which Taxes: +€9,325
- Trade debts +€1,319
up €1,319 (+41.6%), from €3,171 to €4,489
- Gross operating margin +€34,399
up €34,399 (+56.9%), from €60,500 to €94,899
- Taxes +€4,149
up €4,149 (+1,733%), from €239 to €4,388
- Staff costs +€3,982
up €3,982 (+5.4%), from €73,874 to €77,855
- Depreciation +€2,260
up €2,260 (+194%), from €1,163 to €3,422
- Other operating charges +€1,024
up €1,024 (+122%), from €838 to €1,862
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 | €72,484 | €96,095 | +€23,611 | +32.6% |
| Fixed assets | 21/28 | €4,350 | €12,506 | +€8,156 | +187% |
| Tangible fixed assets | 22/27 | €4,350 | €12,506 | +€8,156 | +187% |
| Furniture and vehicles | 24 | €4,350 | €12,506 | +€8,156 | +187% |
| Current assets | 29/58 | €68,134 | €83,588 | +€15,455 | +22.7% |
| Amounts receivable within one year | 40/41 | €41,476 | €52,812 | +€11,336 | +27.3% |
| Trade receivables | 40 | €13,213 | €0 | -€13,213 | -100% |
| Other amounts receivable | 41 | €28,263 | €52,812 | +€24,550 | +86.9% |
| Cash at bank and in hand | 54/58 | €22,359 | €26,716 | +€4,357 | +19.5% |
| Deferred charges and accrued income | 490/1 | €4,299 | €4,060 | -€238 | -5.5% |
| Total equity and liabilities | 10/49 | €72,484 | €96,095 | +€23,611 | +32.6% |
| Equity | 10/15 | €59,984 | €37,589 | -€22,395 | -37.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,784 | €31,389 | -€22,395 | -41.6% |
| Distributable reserves | 133 | €53,784 | €31,389 | -€22,395 | -41.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,500 | €58,506 | +€46,006 | +368% |
| Amounts payable within one year | 42/48 | €12,500 | €58,506 | +€46,006 | +368% |
| Trade debts | 44 | €3,171 | €4,489 | +€1,319 | +41.6% |
| Suppliers | 440/4 | €3,171 | €4,489 | +€1,319 | +41.6% |
| Taxes, remuneration and social security | 45 | €9,329 | €24,016 | +€14,687 | +157% |
| Taxes | 450/3 | €450 | €9,775 | +€9,325 | +2,071% |
| Remuneration and social security | 454/9 | €8,879 | €14,241 | +€5,362 | +60.4% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €73,874 | €77,855 | +€3,982 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,163 | €3,422 | +€2,260 | +194% |
| Other operating charges | 640/8 | €838 | €1,862 | +€1,024 | +122% |
| Gross operating margin | 9900 | €60,500 | €94,899 | +€34,399 | +56.9% |
| Operating profit (loss) | 9901 | -€15,374 | €11,759 | +€27,133 | |
| Financial income | 75/76B | €1,168 | €1,070 | -€98 | -8.4% |
| Recurring financial income | 75 | €1,168 | €1,070 | -€98 | -8.4% |
| Financial charges | 65/66B | €1,161 | €835 | -€325 | -28.0% |
| Recurring financial charges | 65 | €1,161 | €835 | -€325 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,368 | €11,993 | +€27,361 | |
| Income taxes | 67/77 | €239 | €4,388 | +€4,149 | +1,733% |
| Profit (loss) for the period | 9904 | -€15,607 | €7,605 | +€23,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,607 | €7,605 | +€23,212 |
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.