ARENA CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Tangible fixed assets -€43,847
down €43,847 (-25.6%), from €171,208 to €127,361
of which Furniture and vehicles: -€23,827
- Cash +€16,659
up €16,659 (+69.9%), from €23,834 to €40,493
mainly Depreciation (+€35,911) and Other debts (+€9,853)
- Deferred charges and accrued income +€7,978
up €7,978 (+211%), from €3,780 to €11,758
- Stocks and contracts +€5,350
up €5,350 (+189%), from €2,837 to €8,187
- Current portion of long-term debt -€18,056
down €18,056 (-68.2%), from €26,481 to €8,425
- Other debts +€9,853
up €9,853 (+38.1%), from €25,878 to €35,731
- Trade debts +€9,697
up €9,697 (+38.3%), from €25,333 to €35,030
- Debts after one year -€8,425
down €8,425 (-53.5%), from €15,748 to €7,324
- Tax, wage and social debts -€4,924
down €4,924 (-9.3%), from €53,189 to €48,265
of which Remuneration and social security: -€17,646
- Turnover -€228,526
down €228,526 (-22.2%), from €1.0m to €802,315
- Purchases and services -€125,567
down €125,567 (-20.6%), from €608,200 to €482,633
- Gross operating margin -€78,536
down €78,536 (-17.1%), from €458,817 to €380,281
- Staff costs -€67,758
down €67,758 (-17.2%), from €393,061 to €325,302
- Depreciation -€18,522
down €18,522 (-34.0%), from €54,433 to €35,911
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 | €252,798 | €240,342 | -€12,456 | -4.9% |
| Fixed assets | 21/28 | €171,550 | €127,703 | -€43,847 | -25.6% |
| Tangible fixed assets | 22/27 | €171,208 | €127,361 | -€43,847 | -25.6% |
| Land and buildings | 22 | €74,300 | €66,467 | -€7,833 | -10.5% |
| Plant, machinery and equipment | 23 | €65,893 | €59,526 | -€6,367 | -9.7% |
| Furniture and vehicles | 24 | €25,195 | €1,368 | -€23,827 | -94.6% |
| Leasing and similar rights | 25 | €5,820 | - | -€5,820 | |
| Financial fixed assets | 28 | €342 | €342 | = | 0.0% |
| Current assets | 29/58 | €81,248 | €112,639 | +€31,391 | +38.6% |
| Stocks and contracts in progress | 3 | €2,837 | €8,187 | +€5,350 | +189% |
| Stocks | 30/36 | €2,837 | €8,187 | +€5,350 | +189% |
| Amounts receivable within one year | 40/41 | €50,795 | €52,200 | +€1,405 | +2.8% |
| Trade receivables | 40 | €50,027 | €47,382 | -€2,645 | -5.3% |
| Other amounts receivable | 41 | €768 | €4,818 | +€4,050 | +527% |
| Cash at bank and in hand | 54/58 | €23,834 | €40,493 | +€16,659 | +69.9% |
| Deferred charges and accrued income | 490/1 | €3,780 | €11,758 | +€7,978 | +211% |
| Total equity and liabilities | 10/49 | €252,798 | €240,342 | -€12,456 | -4.9% |
| Equity | 10/15 | €103,654 | €103,696 | +€42 | 0.0% |
| Contributions | 10/11 | €9,280 | €9,280 | = | 0.0% |
| Reserves | 13 | €68,185 | €66,860 | -€1,325 | -1.9% |
| Tax-exempt reserves | 132 | €1,325 | - | -€1,325 | |
| Distributable reserves | 133 | €66,860 | €66,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,636 | €21,939 | +€2,303 | +11.7% |
| Investment grants | 15 | €6,553 | €5,617 | -€936 | -14.3% |
| Provisions and deferred taxes | 16 | €2,514 | €1,871 | -€643 | -25.6% |
| Deferred taxes | 168 | €2,514 | €1,871 | -€643 | -25.6% |
| Amounts payable | 17/49 | €146,629 | €134,775 | -€11,855 | -8.1% |
| Amounts payable after more than one year | 17 | €15,748 | €7,324 | -€8,425 | -53.5% |
| Financial debts | 170/4 | €15,748 | €7,324 | -€8,425 | -53.5% |
| Amounts payable within one year | 42/48 | €130,881 | €127,451 | -€3,430 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €26,481 | €8,425 | -€18,056 | -68.2% |
| Trade debts | 44 | €25,333 | €35,030 | +€9,697 | +38.3% |
| Suppliers | 440/4 | €25,333 | €35,030 | +€9,697 | +38.3% |
| Taxes, remuneration and social security | 45 | €53,189 | €48,265 | -€4,924 | -9.3% |
| Taxes | 450/3 | €18,795 | €31,516 | +€12,722 | +67.7% |
| Remuneration and social security | 454/9 | €34,395 | €16,749 | -€17,646 | -51.3% |
| Other amounts payable | 47/48 | €25,878 | €35,731 | +€9,853 | +38.1% |
| Turnover | 70 | €1,030,841 | €802,315 | -€228,526 | -22.2% |
| Non-recurring operating income | 76A | €36,177 | - | -€36,177 | |
| Goods, raw materials, services and sundry goods | 60/61 | €608,200 | €482,633 | -€125,567 | -20.6% |
| Remuneration, social security and pensions | 62 | €393,061 | €325,302 | -€67,758 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,433 | €35,911 | -€18,522 | -34.0% |
| Other operating charges | 640/8 | €6,552 | €10,037 | +€3,485 | +53.2% |
| Gross operating margin | 9900 | €458,817 | €380,281 | -€78,536 | -17.1% |
| Operating profit (loss) | 9901 | €4,771 | €9,031 | +€4,259 | +89.3% |
| Financial income | 75/76B | €7 | €20 | +€13 | +208% |
| Recurring financial income | 75 | €7 | €20 | +€13 | +208% |
| Non-recurring financial income | 76B | €7 | €20 | +€13 | +208% |
| Financial charges | 65/66B | €4,418 | €4,242 | -€176 | -4.0% |
| Recurring financial charges | 65 | €4,418 | €4,242 | -€176 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €360 | €4,809 | +€4,448 | +1,235% |
| Transfer from deferred taxes | 780 | €1,076 | €643 | -€433 | -40.2% |
| Income taxes | 67/77 | €3,929 | €4,473 | +€545 | +13.9% |
| Profit (loss) for the period | 9904 | -€2,492 | €978 | +€3,470 | |
| Transfer from tax-exempt reserves | 789 | €3,057 | €1,325 | -€1,732 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €565 | €2,303 | +€1,738 | +308% |
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 15 October 2026 via checked.be.