ARENDT: 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.
ARENDT
Largest movements
- Tangible fixed assets +€55,225
up €55,225 (+197%), from €28,092 to €83,318
of which Other tangible fixed assets: +€58,781
- Cash +€6,980
up €6,980 (+41.6%), from €16,798 to €23,777
mainly Debts after one year (+€44,942) and Net result for the year (+€15,000)
- Receivables within one year -€2,334
down €2,334 (-6.6%), from €35,270 to €32,936
of which Trade receivables: -€3,324
- Debts after one year +€44,942
new in 2025: €44,942
- Reserves +€15,000
up €15,000 (+73.4%), from €20,437 to €35,437
- Current portion of long-term debt +€11,532
new in 2025: €11,532
- Trade debts -€9,985
down €9,985 (-38.4%), from €25,985 to €15,999
- Accrued charges and deferred income -€8,661
no longer reported in 2025 (was €8,661)
- Gross operating margin +€10,564
up €10,564 (+16.6%), from €63,526 to €74,090
- Staff costs +€5,550
up €5,550 (+16.1%), from €34,557 to €40,107
- Taxes +€828
up €828 (+24.0%), from €3,444 to €4,273
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 | €90,582 | €150,228 | +€59,646 | +65.8% |
| Formation expenses | 20 | €384 | €159 | -€225 | -58.5% |
| Fixed assets | 21/28 | €38,130 | €93,356 | +€55,225 | +145% |
| Tangible fixed assets | 22/27 | €28,092 | €83,318 | +€55,225 | +197% |
| Plant, machinery and equipment | 23 | €6,994 | €6,004 | -€990 | -14.2% |
| Furniture and vehicles | 24 | €11,821 | €9,255 | -€2,565 | -21.7% |
| Other tangible fixed assets | 26 | €9,277 | €68,058 | +€58,781 | +634% |
| Financial fixed assets | 28 | €10,038 | €10,038 | = | 0.0% |
| Current assets | 29/58 | €52,067 | €56,713 | +€4,646 | +8.9% |
| Amounts receivable within one year | 40/41 | €35,270 | €32,936 | -€2,334 | -6.6% |
| Trade receivables | 40 | €32,846 | €29,522 | -€3,324 | -10.1% |
| Other amounts receivable | 41 | €2,424 | €3,414 | +€990 | +40.8% |
| Cash at bank and in hand | 54/58 | €16,798 | €23,777 | +€6,980 | +41.6% |
| Total equity and liabilities | 10/49 | €90,582 | €150,228 | +€59,646 | +65.8% |
| Equity | 10/15 | €45,437 | €60,437 | +€15,000 | +33.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €20,437 | €35,437 | +€15,000 | +73.4% |
| Distributable reserves | 133 | €20,437 | €35,437 | +€15,000 | +73.4% |
| Amounts payable | 17/49 | €45,145 | €89,791 | +€44,646 | +98.9% |
| Amounts payable after more than one year | 17 | - | €44,942 | +€44,942 | |
| Financial debts | 170/4 | - | €44,942 | +€44,942 | |
| Amounts payable within one year | 42/48 | €36,484 | €44,849 | +€8,365 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,532 | +€11,532 | |
| Trade debts | 44 | €25,985 | €15,999 | -€9,985 | -38.4% |
| Suppliers | 440/4 | €25,985 | €15,999 | -€9,985 | -38.4% |
| Taxes, remuneration and social security | 45 | €9,366 | €15,158 | +€5,791 | +61.8% |
| Taxes | 450/3 | €4,144 | €8,844 | +€4,700 | +113% |
| Remuneration and social security | 454/9 | €5,222 | €6,313 | +€1,091 | +20.9% |
| Other amounts payable | 47/48 | €1,134 | €2,160 | +€1,026 | +90.5% |
| Accrued charges and deferred income | 492/3 | €8,661 | - | -€8,661 | |
| Remuneration, social security and pensions | 62 | €34,557 | €40,107 | +€5,550 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,915 | €12,278 | +€363 | +3.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €63,526 | €74,090 | +€10,564 | +16.6% |
| Operating profit (loss) | 9901 | €16,549 | €21,185 | +€4,636 | +28.0% |
| Financial income | 75/76B | €69 | €92 | +€23 | +34.0% |
| Recurring financial income | 75 | €69 | €92 | +€23 | +34.0% |
| Financial charges | 65/66B | €1,288 | €2,005 | +€716 | +55.6% |
| Recurring financial charges | 65 | €1,288 | €2,005 | +€716 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €15,329 | €19,273 | +€3,943 | +25.7% |
| Income taxes | 67/77 | €3,444 | €4,273 | +€828 | +24.0% |
| Profit (loss) for the period | 9904 | €11,885 | €15,000 | +€3,115 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,885 | €15,000 | +€3,115 | +26.2% |
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 17 October 2026 via checked.be.