ARDEN MANUTENTION: 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.
What changed
ARDEN MANUTENTION
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€86,946
2024 · €77,394+€9,551
Equity
€307,225
2024 · €222,467+€84,758
Cash
€219,137
2024 · €85,310+€133,827
Balance sheet total
€2.6m
2024 · €2.4m+€222,517
Largest movements
Assets
- Tangible fixed assets +€262,098
up €262,098 (+15.5%), from €1.7m to €2.0m
of which Furniture and vehicles: +€524,417
- Receivables within one year -€179,071
down €179,071 (-35.9%), from €498,876 to €319,805
of which Trade receivables: -€167,995
- Cash +€133,827
up €133,827 (+157%), from €85,310 to €219,137
mainly Depreciation (+€606,717) and Other debts (+€261,060)
- Deferred charges and accrued income +€31,189
up €31,189 (+818%), from €3,812 to €35,001
Equity and liabilities
- Trade debts -€310,519
down €310,519 (-64.4%), from €482,118 to €171,599
- Other debts +€261,060
new in 2025: €261,060
- Debts after one year +€171,258
up €171,258 (+14.7%), from €1.2m to €1.3m
- Short-term financial debts -€70,390
down €70,390 (-100%), from €70,390 to €0
- Current portion of long-term debt +€53,565
up €53,565 (+12.2%), from €440,786 to €494,352
Income statement
- Gross operating margin +€170,893
up €170,893 (+17.9%), from €956,520 to €1.1m
- Depreciation +€73,974
up €73,974 (+13.9%), from €532,743 to €606,717
- Staff costs +€44,800
up €44,800 (+19.8%), from €226,037 to €270,837
- Taxes +€25,965
up €25,965 (+190%), from €13,681 to €39,647
- Financial charges +€16,477
up €16,477 (+22.9%), from €72,080 to €88,557
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.
Result 2024
€77,394
Gross operating margin
+€170,893
Staff costs
-€44,800
Depreciation
-€73,974
Other operating charges
+€10,704
Other operating items
-€10,829
Financial income
-€1
Financial charges
-€16,477
Taxes
-€25,965
Result 2025
€86,946
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€846,186
Investment
-€864,605
Financing
+€152,246
Cash 2024
€85,310
From operations (derived)
+€846,186
Net result for the year
+€86,946
Depreciation
+€606,717
Stocks and contracts
+€21,315
Receivables within one year
+€179,071
Deferred charges and accrued income
-€31,189
Provisions
-€4,583
Trade debts
-€310,519
Tax, wage and social debts
+€21,132
Other debts
+€261,060
Accrued charges and deferred income
+€16,237
Investment (derived)
-€864,605
Investment in fixed assets (net)
-€864,605
Financing
+€152,246
Debts after one year
+€171,258
Current portion of long-term debt
+€53,565
Short-term financial debts
-€70,390
Contributions, distributions and other
-€2,188
Cash 2025
€219,137
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,421,006 | €2,643,524 | +€222,517 | +9.2% |
| Fixed assets | 21/28 | €1,704,638 | €1,962,526 | +€257,888 | +15.1% |
| Tangible fixed assets | 22/27 | €1,694,393 | €1,956,492 | +€262,098 | +15.5% |
| Land and buildings | 22 | €367,469 | €331,373 | -€36,096 | -9.8% |
| Plant, machinery and equipment | 23 | €56,448 | €57,101 | +€654 | +1.2% |
| Furniture and vehicles | 24 | €327,381 | €851,798 | +€524,417 | +160% |
| Leasing and similar rights | 25 | €943,095 | €716,220 | -€226,876 | -24.1% |
| Financial fixed assets | 28 | €10,244 | €6,034 | -€4,210 | -41.1% |
| Current assets | 29/58 | €716,368 | €680,997 | -€35,371 | -4.9% |
| Stocks and contracts in progress | 3 | €128,370 | €107,055 | -€21,315 | -16.6% |
| Stocks | 30/36 | €128,370 | €107,055 | -€21,315 | -16.6% |
| Amounts receivable within one year | 40/41 | €498,876 | €319,805 | -€179,071 | -35.9% |
| Trade receivables | 40 | €478,100 | €310,104 | -€167,995 | -35.1% |
| Other amounts receivable | 41 | €20,776 | €9,700 | -€11,076 | -53.3% |
| Cash at bank and in hand | 54/58 | €85,310 | €219,137 | +€133,827 | +157% |
| Deferred charges and accrued income | 490/1 | €3,812 | €35,001 | +€31,189 | +818% |
| Total equity and liabilities | 10/49 | €2,421,006 | €2,643,524 | +€222,517 | +9.2% |
| Equity | 10/15 | €222,467 | €307,225 | +€84,758 | +38.1% |
| Contributions | 10/11 | €67,447 | €67,447 | = | 0.0% |
| Reserves | 13 | €68,924 | €105,174 | +€36,250 | +52.6% |
| Tax-exempt reserves | 132 | €23,924 | €10,174 | -€13,750 | -57.5% |
| Distributable reserves | 133 | €45,000 | €95,000 | +€50,000 | +111% |
| Profit (loss) carried forward | 14 | €82,438 | €133,133 | +€50,696 | +61.5% |
| Investment grants | 15 | €3,658 | €1,470 | -€2,188 | -59.8% |
| Provisions and deferred taxes | 16 | €7,975 | €3,391 | -€4,583 | -57.5% |
| Deferred taxes | 168 | €7,975 | €3,391 | -€4,583 | -57.5% |
| Amounts payable | 17/49 | €2,190,565 | €2,332,908 | +€142,343 | +6.5% |
| Amounts payable after more than one year | 17 | €1,161,860 | €1,333,118 | +€171,258 | +14.7% |
| Financial debts | 170/4 | €1,161,860 | €1,333,118 | +€171,258 | +14.7% |
| Amounts payable within one year | 42/48 | €1,028,705 | €983,553 | -€45,152 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €440,786 | €494,352 | +€53,565 | +12.2% |
| Financial debts | 43 | €70,390 | €0 | -€70,390 | -100% |
| Credit institutions | 430/8 | €70,390 | €0 | -€70,390 | -100% |
| Trade debts | 44 | €482,118 | €171,599 | -€310,519 | -64.4% |
| Suppliers | 440/4 | €482,118 | €171,599 | -€310,519 | -64.4% |
| Taxes, remuneration and social security | 45 | €35,411 | €56,543 | +€21,132 | +59.7% |
| Taxes | 450/3 | €13,897 | €42,185 | +€28,288 | +204% |
| Remuneration and social security | 454/9 | €21,514 | €14,358 | -€7,156 | -33.3% |
| Other amounts payable | 47/48 | - | €261,060 | +€261,060 | |
| Accrued charges and deferred income | 492/3 | €0 | €16,237 | +€16,237 | |
| Non-recurring operating income | 76A | €12,332 | €0 | -€12,332 | -100% |
| Remuneration, social security and pensions | 62 | €226,037 | €270,837 | +€44,800 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532,743 | €606,717 | +€73,974 | +13.9% |
| Other operating charges | 640/8 | €41,361 | €30,657 | -€10,704 | -25.9% |
| Non-recurring operating charges | 66A | - | €10,829 | +€10,829 | |
| Gross operating margin | 9900 | €956,520 | €1,127,414 | +€170,893 | +17.9% |
| Operating profit (loss) | 9901 | €156,379 | €208,373 | +€51,994 | +33.2% |
| Financial income | 75/76B | €2,194 | €2,193 | -€1 | 0.0% |
| Recurring financial income | 75 | €2,194 | €2,193 | -€1 | 0.0% |
| Financial charges | 65/66B | €72,080 | €88,557 | +€16,477 | +22.9% |
| Recurring financial charges | 65 | €72,080 | €88,557 | +€16,477 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €86,492 | €122,009 | +€35,517 | +41.1% |
| Transfer from deferred taxes | 780 | €4,583 | €4,583 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €13,681 | €39,647 | +€25,965 | +190% |
| Profit (loss) for the period | 9904 | €77,394 | €86,946 | +€9,551 | +12.3% |
| Transfer from tax-exempt reserves | 789 | €13,750 | €13,750 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €91,144 | €100,696 | +€9,551 | +10.5% |
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 31 October 2026 via checked.be.