ARDUINA: 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.
ARDUINA
Largest movements
- Tangible fixed assets +€8,455
up €8,455 (+5.2%), from €162,272 to €170,727
of which Plant, machinery and equipment: +€8,367
- Cash +€2,532
up €2,532 (+13.6%), from €18,609 to €21,141
mainly Debts after one year (+€4,363) and Current portion of long-term debt (+€3,052)
- Debts after one year +€4,363
new in 2025: €4,363
- Current portion of long-term debt +€3,052
new in 2025: €3,052
- Financial charges -€7,404
down €7,404 (-96.9%), from €7,642 to €238
- Gross operating margin -€6,710
down €6,710 (-53.2%), from €12,606 to €5,896
- Depreciation +€939
up €939 (+53.2%), from €1,764 to €2,703
- Taxes -€542
down €542 (-41.3%), from €1,311 to €769
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 | €182,378 | €193,270 | +€10,892 | +6.0% |
| Fixed assets | 21/28 | €162,272 | €170,727 | +€8,455 | +5.2% |
| Tangible fixed assets | 22/27 | €162,272 | €170,727 | +€8,455 | +5.2% |
| Land and buildings | 22 | €159,180 | €159,942 | +€762 | +0.5% |
| Plant, machinery and equipment | 23 | €2,101 | €10,468 | +€8,367 | +398% |
| Furniture and vehicles | 24 | €991 | €317 | -€674 | -68.0% |
| Current assets | 29/58 | €20,106 | €22,543 | +€2,437 | +12.1% |
| Amounts receivable within one year | 40/41 | €1,135 | €1,030 | -€105 | -9.3% |
| Trade receivables | 40 | €1,135 | €1,030 | -€105 | -9.3% |
| Cash at bank and in hand | 54/58 | €18,609 | €21,141 | +€2,532 | +13.6% |
| Deferred charges and accrued income | 490/1 | €362 | €372 | +€10 | +2.8% |
| Total equity and liabilities | 10/49 | €182,378 | €193,270 | +€10,892 | +6.0% |
| Equity | 10/15 | €72,174 | €73,153 | +€979 | +1.4% |
| Contributions | 10/11 | €30,375 | €30,375 | = | 0.0% |
| Reserves | 13 | €3,037 | €3,037 | = | 0.0% |
| Distributable reserves | 133 | €3,037 | €3,037 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,762 | €39,741 | +€979 | +2.5% |
| Amounts payable | 17/49 | €110,204 | €120,117 | +€9,913 | +9.0% |
| Amounts payable after more than one year | 17 | - | €4,363 | +€4,363 | |
| Financial debts | 170/4 | - | €4,363 | +€4,363 | |
| Amounts payable within one year | 42/48 | €110,204 | €115,754 | +€5,550 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,052 | +€3,052 | |
| Trade debts | 44 | €1,830 | €3,606 | +€1,776 | +97.0% |
| Suppliers | 440/4 | €1,830 | €3,606 | +€1,776 | +97.0% |
| Taxes, remuneration and social security | 45 | €3,030 | €2,061 | -€969 | -32.0% |
| Taxes | 450/3 | €3,030 | €2,061 | -€969 | -32.0% |
| Other amounts payable | 47/48 | €105,344 | €107,035 | +€1,691 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,764 | €2,703 | +€939 | +53.2% |
| Other operating charges | 640/8 | €1,171 | €1,207 | +€36 | +3.1% |
| Gross operating margin | 9900 | €12,606 | €5,896 | -€6,710 | -53.2% |
| Operating profit (loss) | 9901 | €9,671 | €1,986 | -€7,685 | -79.5% |
| Financial charges | 65/66B | €7,642 | €238 | -€7,404 | -96.9% |
| Recurring financial charges | 65 | €7,642 | €238 | -€7,404 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | €2,029 | €1,748 | -€281 | -13.8% |
| Income taxes | 67/77 | €1,311 | €769 | -€542 | -41.3% |
| Profit (loss) for the period | 9904 | €718 | €979 | +€261 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €718 | €979 | +€261 | +36.4% |
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 27 October 2026 via checked.be.