AREND.N: 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.N
Largest movements
- Receivables within one year -€35,729
down €35,729 (-37.0%), from €96,584 to €60,855
of which Trade receivables: -€38,155
- Cash -€10,703
down €10,703 (-49.8%), from €21,479 to €10,776
mainly Trade debts (-€28,731) and Investment in fixed assets (net) (-€28,308)
- Trade debts -€28,731
down €28,731 (-77.8%), from €36,910 to €8,179
- Debts after one year -€17,223
down €17,223 (-6.7%), from €258,451 to €241,228
- Other debts +€12,348
up €12,348 (+36.8%), from €33,512 to €45,860
- Tax, wage and social debts -€10,169
down €10,169 (-72.2%), from €14,082 to €3,913
of which Remuneration and social security: -€12,354
- Gross operating margin +€10,439
up €10,439 (+4.0%), from €258,371 to €268,810
- Depreciation +€9,303
up €9,303 (+54.8%), from €16,964 to €26,268
- Staff costs +€4,296
up €4,296 (+2.0%), from €220,117 to €224,414
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 | €527,009 | €484,103 | -€42,906 | -8.1% |
| Fixed assets | 21/28 | €382,019 | €384,059 | +€2,040 | +0.5% |
| Tangible fixed assets | 22/27 | €381,739 | €383,779 | +€2,040 | +0.5% |
| Land and buildings | 22 | €358,267 | €350,150 | -€8,117 | -2.3% |
| Plant, machinery and equipment | 23 | €7,588 | €5,126 | -€2,462 | -32.4% |
| Furniture and vehicles | 24 | €15,885 | €28,504 | +€12,619 | +79.4% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €144,990 | €100,044 | -€44,946 | -31.0% |
| Stocks and contracts in progress | 3 | €21,947 | €25,000 | +€3,053 | +13.9% |
| Stocks | 30/36 | €21,947 | €20,000 | -€1,947 | -8.9% |
| Contracts in progress | 37 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €96,584 | €60,855 | -€35,729 | -37.0% |
| Trade receivables | 40 | €83,731 | €45,577 | -€38,155 | -45.6% |
| Other amounts receivable | 41 | €12,853 | €15,278 | +€2,426 | +18.9% |
| Cash at bank and in hand | 54/58 | €21,479 | €10,776 | -€10,703 | -49.8% |
| Deferred charges and accrued income | 490/1 | €4,979 | €3,413 | -€1,566 | -31.5% |
| Total equity and liabilities | 10/49 | €527,009 | €484,103 | -€42,906 | -8.1% |
| Equity | 10/15 | €167,444 | €167,700 | +€257 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,244 | €161,500 | +€257 | +0.2% |
| Distributable reserves | 133 | €161,244 | €161,500 | +€257 | +0.2% |
| Amounts payable | 17/49 | €359,565 | €316,402 | -€43,163 | -12.0% |
| Amounts payable after more than one year | 17 | €258,451 | €241,228 | -€17,223 | -6.7% |
| Financial debts | 170/4 | €258,451 | €241,228 | -€17,223 | -6.7% |
| Amounts payable within one year | 42/48 | €101,114 | €75,174 | -€25,940 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €16,611 | €17,223 | +€611 | +3.7% |
| Trade debts | 44 | €36,910 | €8,179 | -€28,731 | -77.8% |
| Suppliers | 440/4 | €36,910 | €8,179 | -€28,731 | -77.8% |
| Taxes, remuneration and social security | 45 | €14,082 | €3,913 | -€10,169 | -72.2% |
| Taxes | 450/3 | €1,692 | €3,876 | +€2,185 | +129.1% |
| Remuneration and social security | 454/9 | €12,390 | €36 | -€12,354 | -99.7% |
| Other amounts payable | 47/48 | €33,512 | €45,860 | +€12,348 | +36.8% |
| Remuneration, social security and pensions | 62 | €220,117 | €224,414 | +€4,296 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,964 | €26,268 | +€9,303 | +54.8% |
| Other operating charges | 640/8 | €2,790 | €2,938 | +€147 | +5.3% |
| Gross operating margin | 9900 | €258,371 | €268,810 | +€10,439 | +4.0% |
| Operating profit (loss) | 9901 | €18,499 | €15,191 | -€3,308 | -17.9% |
| Financial income | 75/76B | €536 | €537 | +€1 | +0.1% |
| Recurring financial income | 75 | €536 | €537 | +€1 | +0.1% |
| Financial charges | 65/66B | €15,169 | €13,228 | -€1,941 | -12.8% |
| Recurring financial charges | 65 | €15,169 | €13,228 | -€1,941 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €3,866 | €2,499 | -€1,367 | -35.3% |
| Income taxes | 67/77 | €1,634 | €2,243 | +€609 | +37.3% |
| Profit (loss) for the period | 9904 | €2,233 | €257 | -€1,976 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,233 | €257 | -€1,976 | -88.5% |
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 8 October 2026 via checked.be.