Arendsoog: 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.
Arendsoog
Largest movements
- Stocks and contracts -€105,017
down €105,017 (-67.8%), from €154,793 to €49,776
- Receivables within one year +€79,161
up €79,161 (+27.5%), from €287,751 to €366,912
of which Trade receivables: +€81,508
- Tangible fixed assets -€64,216
down €64,216 (-29.0%), from €221,687 to €157,471
of which Plant, machinery and equipment: -€37,438
- Intangible fixed assets +€35,610
up €35,610 (+101%), from €35,180 to €70,790
- Cash -€15,681
down €15,681 (-32.3%), from €48,513 to €32,832
mainly Net result for the year (-€89,648) and Receivables within one year (-€79,161)
- Profit (loss) carried forward -€89,648
down €89,648 (-24.0%), from -€373,432 to -€463,080
- Debts after one year -€58,533
down €58,533 (-35.6%), from €164,342 to €105,809
- Trade debts +€46,682
up €46,682 (+64.1%), from €72,828 to €119,510
- Tax, wage and social debts +€17,739
up €17,739 (+11.3%), from €157,157 to €174,896
of which Taxes: +€43,526
- Short-term financial debts +€16,452
up €16,452 (+5.7%), from €289,509 to €305,961
- Gross operating margin -€148,861
down €148,861 (-21.8%), from €681,815 to €532,954
- Staff costs -€70,891
down €70,891 (-13.2%), from €536,258 to €465,367
- Depreciation +€11,012
up €11,012 (+13.0%), from €85,003 to €96,015
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 | €801,721 | €728,114 | -€73,608 | -9.2% |
| Fixed assets | 21/28 | €261,636 | €233,031 | -€28,606 | -10.9% |
| Intangible fixed assets | 21 | €35,180 | €70,790 | +€35,610 | +101% |
| Tangible fixed assets | 22/27 | €221,687 | €157,471 | -€64,216 | -29.0% |
| Plant, machinery and equipment | 23 | €95,704 | €58,267 | -€37,438 | -39.1% |
| Furniture and vehicles | 24 | €20,071 | €16,746 | -€3,325 | -16.6% |
| Leasing and similar rights | 25 | €105,911 | €82,458 | -€23,453 | -22.1% |
| Financial fixed assets | 28 | €4,770 | €4,770 | = | 0.0% |
| Current assets | 29/58 | €540,085 | €495,083 | -€45,002 | -8.3% |
| Stocks and contracts in progress | 3 | €154,793 | €49,776 | -€105,017 | -67.8% |
| Contracts in progress | 37 | €154,793 | €49,776 | -€105,017 | -67.8% |
| Amounts receivable within one year | 40/41 | €287,751 | €366,912 | +€79,161 | +27.5% |
| Trade receivables | 40 | €285,404 | €366,912 | +€81,508 | +28.6% |
| Other amounts receivable | 41 | €2,348 | - | -€2,348 | |
| Cash at bank and in hand | 54/58 | €48,513 | €32,832 | -€15,681 | -32.3% |
| Deferred charges and accrued income | 490/1 | €49,028 | €45,563 | -€3,465 | -7.1% |
| Total equity and liabilities | 10/49 | €801,721 | €728,114 | -€73,608 | -9.2% |
| Equity | 10/15 | €41,663 | -€47,984 | -€89,648 | |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €15,095 | €15,095 | = | 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 | €8,895 | €8,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€373,432 | -€463,080 | -€89,648 | -24.0% |
| Amounts payable | 17/49 | €760,058 | €776,098 | +€16,040 | +2.1% |
| Amounts payable after more than one year | 17 | €164,342 | €105,809 | -€58,533 | -35.6% |
| Financial debts | 170/4 | €164,342 | €105,809 | -€58,533 | -35.6% |
| Amounts payable within one year | 42/48 | €594,864 | €669,516 | +€74,651 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €75,370 | €68,666 | -€6,704 | -8.9% |
| Financial debts | 43 | €289,509 | €305,961 | +€16,452 | +5.7% |
| Credit institutions | 430/8 | €289,509 | €305,961 | +€16,452 | +5.7% |
| Trade debts | 44 | €72,828 | €119,510 | +€46,682 | +64.1% |
| Suppliers | 440/4 | €72,828 | €119,510 | +€46,682 | +64.1% |
| Taxes, remuneration and social security | 45 | €157,157 | €174,896 | +€17,739 | +11.3% |
| Taxes | 450/3 | €51,906 | €95,432 | +€43,526 | +83.9% |
| Remuneration and social security | 454/9 | €105,251 | €79,464 | -€25,787 | -24.5% |
| Other amounts payable | 47/48 | - | €482 | +€482 | |
| Accrued charges and deferred income | 492/3 | €852 | €773 | -€79 | -9.2% |
| Non-recurring operating income | 76A | €5,902 | €3,354 | -€2,548 | -43.2% |
| Remuneration, social security and pensions | 62 | €536,258 | €465,367 | -€70,891 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,003 | €96,015 | +€11,012 | +13.0% |
| Other operating charges | 640/8 | €24,057 | €24,501 | +€444 | +1.8% |
| Non-recurring operating charges | 66A | €1,173 | - | -€1,173 | |
| Gross operating margin | 9900 | €681,815 | €532,954 | -€148,861 | -21.8% |
| Operating profit (loss) | 9901 | €35,324 | -€52,929 | -€88,253 | |
| Financial income | 75/76B | €77 | €714 | +€637 | +825% |
| Recurring financial income | 75 | €77 | €714 | +€637 | +825% |
| Financial charges | 65/66B | €33,004 | €35,890 | +€2,886 | +8.7% |
| Recurring financial charges | 65 | €33,004 | €35,890 | +€2,886 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €2,397 | -€88,105 | -€90,502 | |
| Income taxes | 67/77 | €1,718 | €1,543 | -€175 | -10.2% |
| Profit (loss) for the period | 9904 | €679 | -€89,648 | -€90,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €679 | -€89,648 | -€90,327 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.