AREND: what changed
Two fiscal 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.
AREND
Largest movements
- Receivables within one year -€28,136
down €28,136 (-67.3%), from €41,804 to €13,667
of which Trade receivables: -€20,238
- Receivables after one year +€2,670
up €2,670 (+5.6%), from €47,930 to €50,600
- Deferred charges and accrued income -€2,110
down €2,110 (-38.1%), from €5,542 to €3,432
- Tangible fixed assets -€1,678
down €1,678 (-23.8%), from €7,050 to €5,372
of which Furniture and vehicles: -€1,234
- Accrued charges and deferred income -€24,054
down €24,054 (-54.0%), from €44,571 to €20,517
- Trade debts -€15,818
down €15,818 (-65.1%), from €24,294 to €8,476
- Other debts +€11,255
new in 2025: €11,255
- Profit (loss) carried forward +€10,719
no longer reported in 2025 (was -€10,719)
- Tax, wage and social debts -€7,569
down €7,569 (-53.4%), from €14,186 to €6,617
- Gross operating margin +€35,750
up €35,750, from -€4,099 to €31,651
- Taxes +€6,296
up €6,296 (+2084.7%), from €302 to €6,598
- Other operating charges +€978
up €978 (+28.5%), from €3,434 to €4,412
- Financial income +€433
up €433 (+18.6%), from €2,324 to €2,757
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.
Cash bridge derived
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 | €111,070 | €81,641 | -€29,429 | -26.5% |
| Fixed assets | 21/28 | €7,050 | €5,372 | -€1,678 | -23.8% |
| Tangible fixed assets | 22/27 | €7,050 | €5,372 | -€1,678 | -23.8% |
| Plant, machinery and equipment | 23 | €804 | €360 | -€444 | -55.2% |
| Furniture and vehicles | 24 | €6,246 | €5,012 | -€1,234 | -19.8% |
| Current assets | 29/58 | €104,020 | €76,269 | -€27,751 | -26.7% |
| Amounts receivable after more than one year | 29 | €47,930 | €50,600 | +€2,670 | +5.6% |
| Other amounts receivable | 291 | €47,930 | €50,600 | +€2,670 | +5.6% |
| Amounts receivable within one year | 40/41 | €41,804 | €13,667 | -€28,136 | -67.3% |
| Trade receivables | 40 | €31,521 | €11,283 | -€20,238 | -64.2% |
| Other amounts receivable | 41 | €10,283 | €2,385 | -€7,898 | -76.8% |
| Cash at bank and in hand | 54/58 | €8,744 | €8,570 | -€175 | -2.0% |
| Deferred charges and accrued income | 490/1 | €5,542 | €3,432 | -€2,110 | -38.1% |
| Total equity and liabilities | 10/49 | €111,070 | €81,641 | -€29,429 | -26.5% |
| Equity | 10/15 | €28,019 | €34,275 | +€6,256 | +22.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,538 | €28,075 | -€4,463 | -13.7% |
| Non-distributable reserves | 130/1 | €32,538 | €28,075 | -€4,463 | -13.7% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €30,678 | €26,215 | -€4,463 | -14.5% |
| Profit (loss) carried forward | 14 | -€10,719 | - | +€10,719 | |
| Amounts payable | 17/49 | €83,051 | €47,366 | -€35,685 | -43.0% |
| Amounts payable within one year | 42/48 | €38,480 | €26,849 | -€11,631 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | - | €500 | +€500 | |
| Trade debts | 44 | €24,294 | €8,476 | -€15,818 | -65.1% |
| Suppliers | 440/4 | €24,294 | €8,476 | -€15,818 | -65.1% |
| Taxes, remuneration and social security | 45 | €14,186 | €6,617 | -€7,569 | -53.4% |
| Taxes | 450/3 | €14,186 | €6,617 | -€7,569 | -53.4% |
| Other amounts payable | 47/48 | - | €11,255 | +€11,255 | |
| Accrued charges and deferred income | 492/3 | €44,571 | €20,517 | -€24,054 | -54.0% |
| Non-recurring operating income | 76A | €8,746 | - | -€8,746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,717 | €4,541 | -€176 | -3.7% |
| Other operating charges | 640/8 | €3,434 | €4,412 | +€978 | +28.5% |
| Gross operating margin | 9900 | -€4,099 | €31,651 | +€35,750 | |
| Operating profit (loss) | 9901 | -€12,250 | €22,699 | +€34,949 | |
| Financial income | 75/76B | €2,324 | €2,757 | +€433 | +18.6% |
| Recurring financial income | 75 | €2,324 | €2,757 | +€433 | +18.6% |
| Financial charges | 65/66B | €492 | €564 | +€72 | +14.6% |
| Recurring financial charges | 65 | €492 | €564 | +€72 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,417 | €24,892 | +€35,310 | |
| Income taxes | 67/77 | €302 | €6,598 | +€6,296 | +2084.7% |
| Profit (loss) for the period | 9904 | -€10,719 | €18,294 | +€29,013 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,719 | €18,294 | +€29,013 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.