ARENA BUREAU: 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 BUREAU
Largest movements
- Cash +€46,339
up €46,339 (+64.3%), from €72,097 to €118,436
mainly Net result for the year (+€44,137) and Depreciation (+€13,652)
- Receivables within one year -€9,678
down €9,678 (-20.0%), from €48,452 to €38,774
of which Other amounts receivable: -€10,965
- Tangible fixed assets -€9,406
down €9,406 (-32.1%), from €29,267 to €19,862
of which Furniture and vehicles: -€5,046
- Deferred charges and accrued income -€2,750
down €2,750 (-72.1%), from €3,815 to €1,065
- Reserves +€29,463
up €29,463 (+25.4%), from €115,852 to €145,315
of which Distributable reserves: +€29,463
- Tax, wage and social debts -€6,185
down €6,185 (-51.3%), from €12,051 to €5,866
- Gross operating margin +€10,179
up €10,179 (+14.6%), from €69,752 to €79,931
- Depreciation +€5,047
up €5,047 (+58.6%), from €8,605 to €13,652
- Taxes +€2,525
up €2,525 (+13.1%), from €19,340 to €21,864
- Other operating charges -€1,216
down €1,216 (-55.0%), from €2,209 to €993
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 | €153,816 | €178,321 | +€24,505 | +15.9% |
| Fixed assets | 21/28 | €29,452 | €20,047 | -€9,406 | -31.9% |
| Tangible fixed assets | 22/27 | €29,267 | €19,862 | -€9,406 | -32.1% |
| Plant, machinery and equipment | 23 | €13,621 | €9,261 | -€4,359 | -32.0% |
| Furniture and vehicles | 24 | €15,647 | €10,600 | -€5,046 | -32.3% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €124,364 | €158,275 | +€33,911 | +27.3% |
| Amounts receivable within one year | 40/41 | €48,452 | €38,774 | -€9,678 | -20.0% |
| Trade receivables | 40 | €12,795 | €14,082 | +€1,287 | +10.1% |
| Other amounts receivable | 41 | €35,657 | €24,692 | -€10,965 | -30.8% |
| Cash at bank and in hand | 54/58 | €72,097 | €118,436 | +€46,339 | +64.3% |
| Deferred charges and accrued income | 490/1 | €3,815 | €1,065 | -€2,750 | -72.1% |
| Total equity and liabilities | 10/49 | €153,816 | €178,321 | +€24,505 | +15.9% |
| Equity | 10/15 | €132,221 | €161,684 | +€29,463 | +22.3% |
| Contributions | 10/11 | €16,370 | €16,370 | = | 0.0% |
| Reserves | 13 | €115,852 | €145,315 | +€29,463 | +25.4% |
| 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 | €113,992 | €143,455 | +€29,463 | +25.8% |
| Amounts payable | 17/49 | €21,595 | €16,637 | -€4,958 | -23.0% |
| Amounts payable within one year | 42/48 | €21,595 | €16,637 | -€4,958 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €6,084 | €6,056 | -€29 | -0.5% |
| Trade debts | 44 | €3,459 | €4,715 | +€1,256 | +36.3% |
| Suppliers | 440/4 | €3,459 | €4,715 | +€1,256 | +36.3% |
| Taxes, remuneration and social security | 45 | €12,051 | €5,866 | -€6,185 | -51.3% |
| Taxes | 450/3 | €12,051 | €5,866 | -€6,185 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,605 | €13,652 | +€5,047 | +58.6% |
| Other operating charges | 640/8 | €2,209 | €993 | -€1,216 | -55.0% |
| Gross operating margin | 9900 | €69,752 | €79,931 | +€10,179 | +14.6% |
| Operating profit (loss) | 9901 | €58,938 | €65,286 | +€6,348 | +10.8% |
| Financial income | 75/76B | €2,050 | €1,597 | -€453 | -22.1% |
| Recurring financial income | 75 | €2,050 | €1,597 | -€453 | -22.1% |
| Financial charges | 65/66B | €527 | €882 | +€355 | +67.3% |
| Recurring financial charges | 65 | €527 | €882 | +€355 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €60,460 | €66,001 | +€5,541 | +9.2% |
| Income taxes | 67/77 | €19,340 | €21,864 | +€2,525 | +13.1% |
| Profit (loss) for the period | 9904 | €41,121 | €44,137 | +€3,016 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,121 | €44,137 | +€3,016 | +7.3% |
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 21 October 2026 via checked.be.