ARENBERG: 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
ARENBERG
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,228
2024 · €5,112+€115
Equity
€60,670
2024 · €55,443+€5,228
Cash
€50,323
2024 · €35,733+€14,591
Balance sheet total
€3.1m
2024 · €3.4m-€266,761
Largest movements
Assets
- Tangible fixed assets -€260,812
down €260,812 (-8.0%), from €3.3m to €3.0m
Equity and liabilities
- Debts after one year -€369,570
down €369,570 (-13.7%), from €2.7m to €2.3m
- Other debts +€95,000
up €95,000 (+63.3%), from €150,000 to €245,000
Income statement
No income-statement line moved by more than 1% of the activity.
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
€5,112
Gross operating margin
+€680
Depreciation
-€2,569
Other operating charges
-€1,059
Financial charges
+€3,063
Result 2025
€5,228
raises the resultlowers the result
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
+€412,840
Investment
-€28,960
Financing
-€369,289
Cash 2024
€35,733
From operations (derived)
+€412,840
Net result for the year
+€5,228
Depreciation
+€289,773
Receivables within one year
+€20,540
Trade debts
-€887
Tax, wage and social debts
-€1,914
Other debts
+€95,000
Accrued charges and deferred income
+€5,101
Investment (derived)
-€28,960
Investment in fixed assets (net)
-€28,960
Financing
-€369,289
Debts after one year
-€369,570
Current portion of long-term debt
+€281
Cash 2025
€50,323
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,357,005 | €3,090,244 | -€266,761 | -7.9% |
| Fixed assets | 21/28 | €3,260,522 | €2,999,710 | -€260,812 | -8.0% |
| Tangible fixed assets | 22/27 | €3,260,522 | €2,999,710 | -€260,812 | -8.0% |
| Land and buildings | 22 | €3,260,522 | €2,999,710 | -€260,812 | -8.0% |
| Current assets | 29/58 | €96,483 | €90,534 | -€5,949 | -6.2% |
| Amounts receivable within one year | 40/41 | €60,751 | €40,211 | -€20,540 | -33.8% |
| Trade receivables | 40 | €58,251 | €38,711 | -€19,540 | -33.5% |
| Other amounts receivable | 41 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €35,733 | €50,323 | +€14,591 | +40.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,357,005 | €3,090,244 | -€266,761 | -7.9% |
| Equity | 10/15 | €55,443 | €60,670 | +€5,228 | +9.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €36,851 | €42,078 | +€5,228 | +14.2% |
| Distributable reserves | 133 | €36,851 | €42,078 | +€5,228 | +14.2% |
| Amounts payable | 17/49 | €3,301,563 | €3,029,574 | -€271,989 | -8.2% |
| Amounts payable after more than one year | 17 | €2,689,819 | €2,320,249 | -€369,570 | -13.7% |
| Financial debts | 170/4 | €2,689,819 | €2,320,249 | -€369,570 | -13.7% |
| Amounts payable within one year | 42/48 | €548,593 | €641,073 | +€92,480 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €369,289 | €369,570 | +€281 | +0.1% |
| Trade debts | 44 | €7,511 | €6,624 | -€887 | -11.8% |
| Suppliers | 440/4 | €7,511 | €6,624 | -€887 | -11.8% |
| Taxes, remuneration and social security | 45 | €21,794 | €19,880 | -€1,914 | -8.8% |
| Taxes | 450/3 | €21,794 | €19,880 | -€1,914 | -8.8% |
| Other amounts payable | 47/48 | €150,000 | €245,000 | +€95,000 | +63.3% |
| Accrued charges and deferred income | 492/3 | €63,151 | €68,252 | +€5,101 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287,204 | €289,773 | +€2,569 | +0.9% |
| Other operating charges | 640/8 | €24,332 | €25,390 | +€1,059 | +4.4% |
| Gross operating margin | 9900 | €378,132 | €378,811 | +€680 | +0.2% |
| Operating profit (loss) | 9901 | €66,596 | €63,648 | -€2,948 | -4.4% |
| Financial charges | 65/66B | €61,483 | €58,420 | -€3,063 | -5.0% |
| Recurring financial charges | 65 | €61,483 | €58,420 | -€3,063 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €5,112 | €5,228 | +€115 | +2.3% |
| Profit (loss) for the period | 9904 | €5,112 | €5,228 | +€115 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,112 | €5,228 | +€115 | +2.3% |
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 22 October 2026 via checked.be.