Arslan: what changed
Arslan
Largest movements
- Stocks and contracts +€115,965
up €115,965 (+62.6%), from €185,316 to €301,281
- Receivables within one year +€96,905
up €96,905 (+1,354%), from €7,157 to €104,062
of which Trade receivables: +€83,883
- Cash -€18,693
down €18,693 (-84.0%), from €22,264 to €3,571
mainly Stocks and contracts (-€115,965) and Receivables within one year (-€96,905)
- Tangible fixed assets +€7,498
up €7,498 (+20.7%), from €36,197 to €43,696
of which Furniture and vehicles: +€7,498
- Trade debts +€173,537
up €173,537 (+268%), from €64,793 to €238,330
- Advances received +€36,441
up €36,441 (+107%), from €33,946 to €70,387
- Profit (loss) carried forward -€30,463
down €30,463 (-50.3%), from €60,562 to €30,099
- Other debts +€17,620
up €17,620 (+109%), from €16,149 to €33,769
- Tax, wage and social debts +€4,540
up €4,540 (+18.6%), from €24,408 to €28,948
- Gross operating margin -€86,608
down €86,608, from €61,759 to -€24,849
- Taxes -€18,695
no longer reported in 2025 (was €18,695)
- Depreciation -€5,248
no longer reported in 2025 (was €5,248)
- Other operating charges -€3,656
down €3,656 (-64.8%), from €5,646 to €1,990
- Financial charges +€2,071
up €2,071 (+133%), from €1,553 to €3,623
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 | €250,935 | €452,611 | +€201,676 | +80.4% |
| Fixed assets | 21/28 | €36,197 | €43,696 | +€7,498 | +20.7% |
| Tangible fixed assets | 22/27 | €36,197 | €43,696 | +€7,498 | +20.7% |
| Plant, machinery and equipment | 23 | €31,729 | €31,729 | = | 0.0% |
| Furniture and vehicles | 24 | €4,469 | €11,967 | +€7,498 | +168% |
| Current assets | 29/58 | €214,738 | €408,915 | +€194,177 | +90.4% |
| Stocks and contracts in progress | 3 | €185,316 | €301,281 | +€115,965 | +62.6% |
| Stocks | 30/36 | €185,316 | €301,281 | +€115,965 | +62.6% |
| Amounts receivable within one year | 40/41 | €7,157 | €104,062 | +€96,905 | +1,354% |
| Trade receivables | 40 | €7,142 | €91,025 | +€83,883 | +1,174% |
| Other amounts receivable | 41 | €15 | €13,037 | +€13,022 | +86,814% |
| Cash at bank and in hand | 54/58 | €22,264 | €3,571 | -€18,693 | -84.0% |
| Total equity and liabilities | 10/49 | €250,935 | €452,611 | +€201,676 | +80.4% |
| Equity | 10/15 | €111,639 | €81,176 | -€30,463 | -27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,477 | €32,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,617 | €30,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,562 | €30,099 | -€30,463 | -50.3% |
| Amounts payable | 17/49 | €139,297 | €371,435 | +€232,138 | +167% |
| Amounts payable within one year | 42/48 | €139,297 | €371,435 | +€232,138 | +167% |
| Trade debts | 44 | €64,793 | €238,330 | +€173,537 | +268% |
| Suppliers | 440/4 | €64,793 | €238,330 | +€173,537 | +268% |
| Advances received on contracts in progress | 46 | €33,946 | €70,387 | +€36,441 | +107% |
| Taxes, remuneration and social security | 45 | €24,408 | €28,948 | +€4,540 | +18.6% |
| Taxes | 450/3 | €24,408 | €28,948 | +€4,540 | +18.6% |
| Other amounts payable | 47/48 | €16,149 | €33,769 | +€17,620 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,248 | - | -€5,248 | |
| Other operating charges | 640/8 | €5,646 | €1,990 | -€3,656 | -64.8% |
| Gross operating margin | 9900 | €61,759 | -€24,849 | -€86,608 | |
| Operating profit (loss) | 9901 | €50,865 | -€26,839 | -€77,704 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,553 | €3,623 | +€2,071 | +133% |
| Recurring financial charges | 65 | €1,553 | €3,623 | +€2,071 | +133% |
| Profit (loss) for the period before taxes | 9903 | €49,312 | -€30,463 | -€79,775 | |
| Income taxes | 67/77 | €18,695 | - | -€18,695 | |
| Profit (loss) for the period | 9904 | €30,617 | -€30,463 | -€61,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,617 | -€30,463 | -€61,079 |
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.