ARENDO: 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
ARENDO
NACE 22.220, Manufacture of rubber and plastic products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €1.2m-€205,986
Equity
€7.3m
2024 · €6.3m+€1.0m
Cash
€439,998
2024 · €823,598-€383,600
Balance sheet total
€13.1m
2024 · €11.6m+€1.5m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+29.0%), from €6.7m to €8.6m
of which Trade receivables: +€1.9m
- Tangible fixed assets +€467,049
up €467,049 (+13.8%), from €3.4m to €3.8m
of which Assets under construction and advance payments: +€700,800
- Stocks and contracts -€431,857
down €431,857 (-66.4%), from €650,217 to €218,360
of which Stocks: -€422,884
- Cash -€383,600
down €383,600 (-46.6%), from €823,598 to €439,998
mainly Investment in fixed assets (net) (-€2.0m) and Receivables within one year (-€1.9m)
Equity and liabilities
- Other debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Profit (loss) carried forward +€1.0m
up €1.0m (+20.3%), from €5.1m to €6.2m
- Debts after one year +€844,768
up €844,768 (+68.4%), from €1.2m to €2.1m
- Accrued charges and deferred income +€541,200
up €541,200 (+103.6%), from €522,306 to €1.1m
- Current portion of long-term debt +€228,118
up €228,118 (+49.2%), from €463,313 to €691,432
Income statement
- Turnover +€585,809
up €585,809 (+3.4%), from €17.5m to €18.1m
- Services and other goods +€565,499
up €565,499 (+10.3%), from €5.5m to €6.0m
- Goods and materials +€293,342
up €293,342 (+4.5%), from €6.5m to €6.8m
of which Change in stocks: decrease (increase): +€466,534
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
€1.2m
Turnover
+€585,809
Other operating income
-€8,648
Goods and materials
-€293,342
Services and other goods
-€565,499
Staff costs
+€106,964
Depreciation
-€97,423
Write-downs
-€6,356
Other operating charges
+€36
Financial income
+€3,042
Financial charges
-€4,864
Taxes
+€74,295
Result 2025
€1.0m
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.
From operations
+€444,315
Investment
-€2.0m
Financing
+€1.2m
Cash 2024
€823,598
From operations (derived)
+€444,315
Net result for the year
+€1.0m
Depreciation
+€1.5m
Stocks and contracts
+€431,857
Receivables within one year
-€1.9m
Deferred charges and accrued income
+€37,947
Trade debts
+€178,868
Tax, wage and social debts
-€172,277
Other debts
-€1.2m
Accrued charges and deferred income
+€541,200
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.2m
Debts after one year
+€844,768
Current portion of long-term debt
+€228,118
Short-term financial debts
+€87,947
Contributions, distributions and other
-€1,929
Cash 2025
€439,998
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,577,990 | €13,127,710 | +€1.5m | +13.4% |
| Fixed assets | 21/28 | €3,373,673 | €3,840,505 | +€466,833 | +13.8% |
| Intangible fixed assets | 21 | €468 | €252 | -€216 | -46.2% |
| Tangible fixed assets | 22/27 | €3,373,143 | €3,840,191 | +€467,049 | +13.8% |
| Plant, machinery and equipment | 23 | €1,022,438 | €731,297 | -€291,140 | -28.5% |
| Furniture and vehicles | 24 | €94,855 | €89,293 | -€5,562 | -5.9% |
| Leasing and similar rights | 25 | €1,717,102 | €1,866,568 | +€149,466 | +8.7% |
| Other tangible fixed assets | 26 | €538,748 | €452,233 | -€86,515 | -16.1% |
| Assets under construction and advance payments | 27 | - | €700,800 | +€700,800 | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Other financial fixed assets | 284/8 | €62 | €62 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €8,204,317 | €9,287,205 | +€1.1m | +13.2% |
| Stocks and contracts in progress | 3 | €650,217 | €218,360 | -€431,857 | -66.4% |
| Stocks | 30/36 | €630,917 | €208,034 | -€422,884 | -67.0% |
| Raw materials and consumables | 30/31 | €630,917 | €208,034 | -€422,884 | -67.0% |
| Contracts in progress | 37 | €19,300 | €10,326 | -€8,974 | -46.5% |
| Amounts receivable within one year | 40/41 | €6,674,774 | €8,611,066 | +€1.9m | +29.0% |
| Trade receivables | 40 | €6,563,674 | €8,443,123 | +€1.9m | +28.6% |
| Other amounts receivable | 41 | €111,101 | €167,943 | +€56,842 | +51.2% |
| Cash at bank and in hand | 54/58 | €823,598 | €439,998 | -€383,600 | -46.6% |
| Deferred charges and accrued income | 490/1 | €55,727 | €17,781 | -€37,947 | -68.1% |
| Total equity and liabilities | 10/49 | €11,577,990 | €13,127,710 | +€1.5m | +13.4% |
| Equity | 10/15 | €6,276,224 | €7,317,320 | +€1.0m | +16.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,072,949 | €1,072,949 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,066,749 | €1,066,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,127,425 | €6,170,449 | +€1.0m | +20.3% |
| Investment grants | 15 | €13,850 | €11,922 | -€1,929 | -13.9% |
| Amounts payable | 17/49 | €5,301,766 | €5,810,390 | +€508,624 | +9.6% |
| Amounts payable after more than one year | 17 | €1,234,950 | €2,079,718 | +€844,768 | +68.4% |
| Financial debts | 170/4 | €1,234,950 | €2,079,718 | +€844,768 | +68.4% |
| Leasing and similar obligations | 172 | €1,234,950 | €2,079,718 | +€844,768 | +68.4% |
| Amounts payable within one year | 42/48 | €3,544,509 | €2,667,166 | -€877,343 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €463,313 | €691,432 | +€228,118 | +49.2% |
| Financial debts | 43 | €63,000 | €150,947 | +€87,947 | +139.6% |
| Credit institutions | 430/8 | €63,000 | €150,947 | +€87,947 | +139.6% |
| Trade debts | 44 | €1,285,827 | €1,464,695 | +€178,868 | +13.9% |
| Suppliers | 440/4 | €1,285,827 | €1,464,695 | +€178,868 | +13.9% |
| Taxes, remuneration and social security | 45 | €532,369 | €360,092 | -€172,277 | -32.4% |
| Taxes | 450/3 | €364,611 | €185,815 | -€178,795 | -49.0% |
| Remuneration and social security | 454/9 | €167,758 | €174,277 | +€6,518 | +3.9% |
| Other amounts payable | 47/48 | €1,200,000 | - | -€1.2m | |
| Accrued charges and deferred income | 492/3 | €522,306 | €1,063,506 | +€541,200 | +103.6% |
| Operating income | 70/76A | €17,685,961 | €18,263,123 | +€577,161 | +3.3% |
| Turnover | 70 | €17,477,844 | €18,063,653 | +€585,809 | +3.4% |
| Other operating income | 74 | €208,117 | €199,469 | -€8,648 | -4.2% |
| Operating charges | 60/66A | €15,938,382 | €16,794,003 | +€855,621 | +5.4% |
| Goods for resale, raw materials and consumables | 60 | €6,526,395 | €6,819,737 | +€293,342 | +4.5% |
| Purchases | 600/8 | €6,579,868 | €6,406,676 | -€173,192 | -2.6% |
| Change in stocks: decrease (increase) | 609 | -€53,474 | €413,061 | +€466,534 | |
| Services and other goods | 61 | €5,483,065 | €6,048,564 | +€565,499 | +10.3% |
| Remuneration, social security and pensions | 62 | €2,502,248 | €2,395,285 | -€106,964 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,422,563 | €1,519,987 | +€97,423 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,467 | €9,823 | +€6,356 | +183.4% |
| Other operating charges | 640/8 | €644 | €608 | -€36 | -5.6% |
| Operating profit (loss) | 9901 | €1,747,579 | €1,469,120 | -€278,460 | -15.9% |
| Financial income | 75/76B | €2,404 | €5,446 | +€3,042 | +126.6% |
| Recurring financial income | 75 | €2,404 | €5,446 | +€3,042 | +126.6% |
| Income from financial fixed assets | 750 | - | €374 | +€374 | |
| Other financial income | 752/9 | €2,404 | €5,072 | +€2,669 | +111.0% |
| Financial charges | 65/66B | €63,362 | €68,226 | +€4,864 | +7.7% |
| Recurring financial charges | 65 | €63,362 | €67,799 | +€4,437 | +7.0% |
| Debt charges | 650 | €61,727 | €65,616 | +€3,888 | +6.3% |
| Other financial charges | 652/9 | €1,634 | €2,184 | +€549 | +33.6% |
| Non-recurring financial charges | 66B | - | €427 | +€427 | |
| Profit (loss) for the period before taxes | 9903 | €1,686,621 | €1,406,340 | -€280,282 | -16.6% |
| Income taxes | 67/77 | €437,611 | €363,315 | -€74,295 | -17.0% |
| Taxes | 670/3 | €437,611 | €363,315 | -€74,295 | -17.0% |
| Profit (loss) for the period | 9904 | €1,249,011 | €1,043,025 | -€205,986 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,249,011 | €1,043,025 | -€205,986 | -16.5% |
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 10 October 2026 via checked.be.