Arus: 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.
Arus
Largest movements
- Deferred charges and accrued income +€124,442
up €124,442 (+2,465%), from €5,049 to €129,491
- Stocks and contracts -€99,992
down €99,992 (-8.4%), from €1.2m to €1.1m
- Financial fixed assets -€82,450
down €82,450 (-90.1%), from €91,556 to €9,106
- Cash +€27,652
up €27,652 (+58.2%), from €47,497 to €75,149
mainly Stocks and contracts (+€99,992) and Trade debts (+€92,500)
- Receivables within one year +€18,552
up €18,552 (+11.9%), from €155,505 to €174,057
of which Trade receivables: +€66,562
- Debts after one year -€155,881
down €155,881 (-19.6%), from €795,025 to €639,144
- Short-term financial debts -€93,289
down €93,289 (-31.4%), from €297,000 to €203,711
- Trade debts +€92,500
up €92,500 (+152%), from €61,003 to €153,503
- Reserves +€67,731
up €67,731 (+15.6%), from €434,868 to €502,599
of which Distributable reserves: +€69,591
- Other debts +€55,835
up €55,835 (+1,396%), from €4,000 to €59,835
- Turnover +€892,461
new in 2024: €892,461
- Purchases and services +€615,240
new in 2024: €615,240
- Staff costs +€84,316
up €84,316 (+434%), from €19,421 to €103,737
- Gross operating margin +€80,839
up €80,839 (+36.1%), from €223,881 to €304,720
- Depreciation +€16,545
up €16,545 (+53.7%), from €30,839 to €47,384
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,713,284 | €1,697,172 | -€16,112 | -0.9% |
| Fixed assets | 21/28 | €286,294 | €202,528 | -€83,766 | -29.3% |
| Tangible fixed assets | 22/27 | €194,738 | €193,422 | -€1,316 | -0.7% |
| Land and buildings | 22 | €29,932 | €29,350 | -€582 | -1.9% |
| Plant, machinery and equipment | 23 | €5,200 | €15,355 | +€10,155 | +195% |
| Furniture and vehicles | 24 | €159,607 | €148,717 | -€10,890 | -6.8% |
| Financial fixed assets | 28 | €91,556 | €9,106 | -€82,450 | -90.1% |
| Current assets | 29/58 | €1,426,990 | €1,494,644 | +€67,654 | +4.7% |
| Amounts receivable after more than one year | 29 | €26,800 | €23,800 | -€3,000 | -11.2% |
| Trade receivables | 290 | €8,000 | €5,000 | -€3,000 | -37.5% |
| Other amounts receivable | 291 | €18,800 | €18,800 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,192,139 | €1,092,147 | -€99,992 | -8.4% |
| Stocks | 30/36 | €1,192,139 | €1,092,147 | -€99,992 | -8.4% |
| Amounts receivable within one year | 40/41 | €155,505 | €174,057 | +€18,552 | +11.9% |
| Trade receivables | 40 | €90,082 | €156,644 | +€66,562 | +73.9% |
| Other amounts receivable | 41 | €65,423 | €17,413 | -€48,010 | -73.4% |
| Cash at bank and in hand | 54/58 | €47,497 | €75,149 | +€27,652 | +58.2% |
| Deferred charges and accrued income | 490/1 | €5,049 | €129,491 | +€124,442 | +2,465% |
| Total equity and liabilities | 10/49 | €1,713,284 | €1,697,172 | -€16,112 | -0.9% |
| Equity | 10/15 | €453,468 | €521,199 | +€67,731 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €434,868 | €502,599 | +€67,731 | +15.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €433,008 | €502,599 | +€69,591 | +16.1% |
| Amounts payable | 17/49 | €1,259,816 | €1,175,973 | -€83,843 | -6.7% |
| Amounts payable after more than one year | 17 | €795,025 | €639,144 | -€155,881 | -19.6% |
| Financial debts | 170/4 | €795,025 | €639,144 | -€155,881 | -19.6% |
| Amounts payable within one year | 42/48 | €464,791 | €536,829 | +€72,038 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €63,759 | €58,452 | -€5,307 | -8.3% |
| Financial debts | 43 | €297,000 | €203,711 | -€93,289 | -31.4% |
| Credit institutions | 430/8 | €297,000 | €203,711 | -€93,289 | -31.4% |
| Trade debts | 44 | €61,003 | €153,503 | +€92,500 | +152% |
| Suppliers | 440/4 | €61,003 | €153,503 | +€92,500 | +152% |
| Taxes, remuneration and social security | 45 | €39,029 | €61,328 | +€22,299 | +57.1% |
| Taxes | 450/3 | €32,592 | €42,261 | +€9,669 | +29.7% |
| Remuneration and social security | 454/9 | €6,437 | €19,067 | +€12,630 | +196% |
| Other amounts payable | 47/48 | €4,000 | €59,835 | +€55,835 | +1,396% |
| Turnover | 70 | - | €892,461 | +€892,461 | |
| Non-recurring operating income | 76A | - | €27,501 | +€27,501 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €615,240 | +€615,240 | |
| Remuneration, social security and pensions | 62 | €19,421 | €103,737 | +€84,316 | +434% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,839 | €47,384 | +€16,545 | +53.7% |
| Other operating charges | 640/8 | €24,227 | €9,373 | -€14,854 | -61.3% |
| Gross operating margin | 9900 | €223,881 | €304,720 | +€80,839 | +36.1% |
| Operating profit (loss) | 9901 | €149,394 | €144,226 | -€5,168 | -3.5% |
| Financial income | 75/76B | €7,883 | €1,351 | -€6,532 | -82.9% |
| Recurring financial income | 75 | €7,883 | €1,351 | -€6,532 | -82.9% |
| Financial charges | 65/66B | €40,359 | €55,703 | +€15,344 | +38.0% |
| Recurring financial charges | 65 | €40,359 | €55,703 | +€15,344 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €116,917 | €89,874 | -€27,043 | -23.1% |
| Income taxes | 67/77 | €33,979 | €22,143 | -€11,836 | -34.8% |
| Profit (loss) for the period | 9904 | €82,938 | €67,731 | -€15,207 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,938 | €67,731 | -€15,207 | -18.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.