ARENA: 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.
ARENA
Largest movements
- Cash -€1.5m
down €1.5m (-56.3%), from €2.6m to €1.1m
mainly Receivables within one year (-€775,824) and Net result for the year (-€709,550)
- Receivables within one year +€775,824
up €775,824 (+22.7%), from €3.4m to €4.2m
of which Trade receivables: +€773,826
- Profit (loss) carried forward -€709,550
down €709,550 (-54.6%), from €1.3m to €590,706
- Tax, wage and social debts -€78,807
down €78,807 (-45.7%), from €172,294 to €93,487
of which Remuneration and social security: -€116,978
- Trade debts +€73,042
up €73,042 (+1.7%), from €4.4m to €4.4m
- Write-downs -€72,632
down €72,632, from €43,343 to -€29,289
- Services and other goods +€39,200
up €39,200 (+7.5%), from €520,872 to €560,072
- Staff costs -€33,869
down €33,869 (-4.5%), from €754,380 to €720,511
- Turnover +€28,686
up €28,686 (+1.7%), from €1.7m to €1.7m
- Taxes -€22,476
down €22,476 (-97.4%), from €23,075 to €599
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 | €6,032,028 | €5,336,926 | -€695,102 | -11.5% |
| Fixed assets | 21/28 | €31,954 | €8,557 | -€23,397 | -73.2% |
| Tangible fixed assets | 22/27 | €31,954 | €8,557 | -€23,397 | -73.2% |
| Plant, machinery and equipment | 23 | €31,954 | €8,557 | -€23,397 | -73.2% |
| Current assets | 29/58 | €6,000,074 | €5,328,369 | -€671,705 | -11.2% |
| Amounts receivable within one year | 40/41 | €3,413,169 | €4,188,993 | +€775,824 | +22.7% |
| Trade receivables | 40 | €3,365,412 | €4,139,238 | +€773,826 | +23.0% |
| Other amounts receivable | 41 | €47,757 | €49,755 | +€1,998 | +4.2% |
| Cash at bank and in hand | 54/58 | €2,580,465 | €1,127,159 | -€1.5m | -56.3% |
| Deferred charges and accrued income | 490/1 | €6,440 | €12,217 | +€5,777 | +89.7% |
| Total equity and liabilities | 10/49 | €6,032,028 | €5,336,926 | -€695,102 | -11.5% |
| Equity | 10/15 | €1,387,651 | €678,101 | -€709,550 | -51.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,300,256 | €590,706 | -€709,550 | -54.6% |
| Amounts payable | 17/49 | €4,644,377 | €4,658,825 | +€14,448 | +0.3% |
| Amounts payable within one year | 42/48 | €4,612,377 | €4,630,770 | +€18,393 | +0.4% |
| Trade debts | 44 | €4,368,466 | €4,441,508 | +€73,042 | +1.7% |
| Suppliers | 440/4 | €4,368,466 | €4,441,508 | +€73,042 | +1.7% |
| Taxes, remuneration and social security | 45 | €172,294 | €93,487 | -€78,807 | -45.7% |
| Taxes | 450/3 | €39,895 | €78,066 | +€38,171 | +95.7% |
| Remuneration and social security | 454/9 | €132,399 | €15,421 | -€116,978 | -88.4% |
| Other amounts payable | 47/48 | €71,617 | €95,775 | +€24,158 | +33.7% |
| Accrued charges and deferred income | 492/3 | €32,000 | €28,055 | -€3,945 | -12.3% |
| Operating income | 70/76A | €1,711,389 | €1,740,096 | +€28,707 | +1.7% |
| Turnover | 70 | €1,702,737 | €1,731,423 | +€28,686 | +1.7% |
| Other operating income | 74 | €8,652 | €8,673 | +€21 | +0.2% |
| Operating charges | 60/66A | €1,639,228 | €2,441,757 | +€802,529 | +49.0% |
| Goods for resale, raw materials and consumables | 60 | €229,773 | €229,537 | -€236 | -0.1% |
| Purchases | 600/8 | €229,773 | €229,537 | -€236 | -0.1% |
| Services and other goods | 61 | €520,872 | €560,072 | +€39,200 | +7.5% |
| Remuneration, social security and pensions | 62 | €754,380 | €720,511 | -€33,869 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,727 | €7,719 | -€3,008 | -28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,343 | -€29,289 | -€72,632 | |
| Other operating charges | 640/8 | €80,133 | €82,698 | +€2,565 | +3.2% |
| Non-recurring operating charges | 66A | - | €870,509 | +€870,509 | |
| Operating profit (loss) | 9901 | €72,161 | -€701,661 | -€773,822 | |
| Financial income | 75/76B | €10 | €20 | +€10 | +100% |
| Recurring financial income | 75 | €10 | €20 | +€10 | +100% |
| Other financial income | 752/9 | €10 | €20 | +€10 | +100% |
| Financial charges | 65/66B | €4,021 | €7,310 | +€3,289 | +81.8% |
| Recurring financial charges | 65 | €4,021 | €7,310 | +€3,289 | +81.8% |
| Other financial charges | 652/9 | €4,021 | €7,310 | +€3,289 | +81.8% |
| Profit (loss) for the period before taxes | 9903 | €68,150 | -€708,951 | -€777,101 | |
| Income taxes | 67/77 | €23,075 | €599 | -€22,476 | -97.4% |
| Taxes | 670/3 | €23,075 | €599 | -€22,476 | -97.4% |
| Profit (loss) for the period | 9904 | €45,075 | -€709,550 | -€754,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,075 | -€709,550 | -€754,625 |
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.