Arenberg24: 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.
Arenberg24
Largest movements
- Stocks and contracts -€3.1m
down €3.1m (-69.3%), from €4.5m to €1.4m
- Receivables within one year +€463,181
up €463,181, from €0 to €463,181
- Short-term financial debts -€2.8m
down €2.8m (-100%), from €2.8m to €0
- Debts after one year -€1.0m
down €1.0m (-69.1%), from €1.5m to €462,000
- Profit (loss) carried forward +€835,566
up €835,566, from -€4,930 to €830,635
- Tax, wage and social debts +€277,000
new in 2025: €277,000
- Accrued charges and deferred income +€88,809
up €88,809 (+47.0%), from €188,876 to €277,685
- Gross operating margin +€1.2m
up €1.2m, from -€18 to €1.2m
- Taxes +€277,000
new in 2025: €277,000
- Financial charges +€103,305
up €103,305 (+17,951%), from €575 to €103,881
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 | €4,536,074 | €1,881,395 | -€2.7m | -58.5% |
| Current assets | 29/58 | €4,536,074 | €1,881,395 | -€2.7m | -58.5% |
| Stocks and contracts in progress | 3 | €4,534,348 | €1,392,472 | -€3.1m | -69.3% |
| Stocks | 30/36 | €4,534,348 | €1,392,472 | -€3.1m | -69.3% |
| Amounts receivable within one year | 40/41 | €0 | €463,181 | +€463,181 | |
| Trade receivables | 40 | €0 | €463,181 | +€463,181 | |
| Cash at bank and in hand | 54/58 | €0 | €25,742 | +€25,742 | |
| Deferred charges and accrued income | 490/1 | €1,726 | €0 | -€1,726 | -100% |
| Total equity and liabilities | 10/49 | €4,536,074 | €1,881,395 | -€2.7m | -58.5% |
| Equity | 10/15 | €20,070 | €855,635 | +€835,566 | +4,163% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,930 | €830,635 | +€835,566 | |
| Amounts payable | 17/49 | €4,516,005 | €1,025,760 | -€3.5m | -77.3% |
| Amounts payable after more than one year | 17 | €1,497,000 | €462,000 | -€1.0m | -69.1% |
| Financial debts | 170/4 | €1,497,000 | €462,000 | -€1.0m | -69.1% |
| Amounts payable within one year | 42/48 | €2,830,128 | €286,075 | -€2.5m | -89.9% |
| Financial debts | 43 | €2,828,384 | €0 | -€2.8m | -100% |
| Credit institutions | 430/8 | €2,828,384 | €0 | -€2.8m | -100% |
| Trade debts | 44 | €1,726 | €9,075 | +€7,349 | +426% |
| Suppliers | 440/4 | €1,726 | €9,075 | +€7,349 | +426% |
| Taxes, remuneration and social security | 45 | - | €277,000 | +€277,000 | |
| Taxes | 450/3 | - | €277,000 | +€277,000 | |
| Other amounts payable | 47/48 | €18 | €0 | -€18 | -100% |
| Accrued charges and deferred income | 492/3 | €188,876 | €277,685 | +€88,809 | +47.0% |
| Other operating charges | 640/8 | €168 | €1,118 | +€950 | +566% |
| Gross operating margin | 9900 | -€18 | €1,217,565 | +€1.2m | |
| Operating profit (loss) | 9901 | -€186 | €1,216,446 | +€1.2m | |
| Financial charges | 65/66B | €575 | €103,881 | +€103,305 | +17,951% |
| Recurring financial charges | 65 | €575 | €103,881 | +€103,305 | +17,951% |
| Profit (loss) for the period before taxes | 9903 | -€762 | €1,112,566 | +€1.1m | |
| Income taxes | 67/77 | - | €277,000 | +€277,000 | |
| Profit (loss) for the period | 9904 | -€762 | €835,566 | +€836,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€762 | €835,566 | +€836,327 |
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 20 October 2026 via checked.be.