ARENOS: 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.
ARENOS
Largest movements
- Cash +€25,824
up €25,824 (+92.3%), from €27,971 to €53,795
mainly Net result for the year (+€27,687) and Other debts (+€12,000)
- Receivables within one year -€3,851
down €3,851 (-22.9%), from €16,797 to €12,946
- Tangible fixed assets -€3,294
down €3,294 (-23.4%), from €14,052 to €10,758
of which Furniture and vehicles: -€5,792
- Stocks and contracts -€2,700
down €2,700 (-57.4%), from €4,700 to €2,000
- Profit (loss) carried forward +€15,687
up €15,687 (+50.1%), from €31,300 to €46,988
- Other debts +€12,000
new in 2025: €12,000
- Tax, wage and social debts -€8,416
down €8,416 (-93.8%), from €8,969 to €553
of which Remuneration and social security: -€8,000
- Debts after one year -€3,094
down €3,094 (-41.2%), from €7,501 to €4,407
- Gross operating margin +€21,721
up €21,721 (+48.8%), from €44,552 to €66,273
- Other operating charges -€3,162
down €3,162 (-10.5%), from €30,097 to €26,935
- Financial charges +€1,056
up €1,056 (+78.4%), from €1,346 to €2,402
- Depreciation +€798
up €798 (+13.3%), from €5,999 to €6,796
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 | €63,520 | €79,600 | +€16,080 | +25.3% |
| Fixed assets | 21/28 | €14,052 | €10,758 | -€3,294 | -23.4% |
| Tangible fixed assets | 22/27 | €14,052 | €10,758 | -€3,294 | -23.4% |
| Plant, machinery and equipment | 23 | €1,870 | €2,440 | +€570 | +30.5% |
| Furniture and vehicles | 24 | €12,181 | €6,389 | -€5,792 | -47.5% |
| Other tangible fixed assets | 26 | - | €1,929 | +€1,929 | |
| Current assets | 29/58 | €49,468 | €68,842 | +€19,374 | +39.2% |
| Stocks and contracts in progress | 3 | €4,700 | €2,000 | -€2,700 | -57.4% |
| Stocks | 30/36 | €4,700 | €2,000 | -€2,700 | -57.4% |
| Amounts receivable within one year | 40/41 | €16,797 | €12,946 | -€3,851 | -22.9% |
| Other amounts receivable | 41 | €16,797 | €12,946 | -€3,851 | -22.9% |
| Cash at bank and in hand | 54/58 | €27,971 | €53,795 | +€25,824 | +92.3% |
| Deferred charges and accrued income | 490/1 | - | €101 | +€101 | |
| Total equity and liabilities | 10/49 | €63,520 | €79,600 | +€16,080 | +25.3% |
| Equity | 10/15 | €37,300 | €52,988 | +€15,687 | +42.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,300 | €46,988 | +€15,687 | +50.1% |
| Amounts payable | 17/49 | €26,220 | €26,612 | +€393 | +1.5% |
| Amounts payable after more than one year | 17 | €7,501 | €4,407 | -€3,094 | -41.2% |
| Financial debts | 170/4 | €7,501 | €4,407 | -€3,094 | -41.2% |
| Amounts payable within one year | 42/48 | €18,718 | €22,205 | +€3,487 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €4,214 | €3,768 | -€446 | -10.6% |
| Trade debts | 44 | €5,535 | €5,883 | +€349 | +6.3% |
| Suppliers | 440/4 | €5,535 | €5,883 | +€349 | +6.3% |
| Taxes, remuneration and social security | 45 | €8,969 | €553 | -€8,416 | -93.8% |
| Taxes | 450/3 | €969 | €553 | -€416 | -42.9% |
| Remuneration and social security | 454/9 | €8,000 | - | -€8,000 | |
| Other amounts payable | 47/48 | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,999 | €6,796 | +€798 | +13.3% |
| Other operating charges | 640/8 | €30,097 | €26,935 | -€3,162 | -10.5% |
| Non-recurring operating charges | 66A | €206 | €217 | +€11 | +5.3% |
| Gross operating margin | 9900 | €44,552 | €66,273 | +€21,721 | +48.8% |
| Operating profit (loss) | 9901 | €8,251 | €32,325 | +€24,074 | +292% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,346 | €2,402 | +€1,056 | +78.4% |
| Recurring financial charges | 65 | €1,346 | €2,402 | +€1,056 | +78.4% |
| Profit (loss) for the period before taxes | 9903 | €6,905 | €29,924 | +€23,019 | +333% |
| Income taxes | 67/77 | €1,820 | €2,236 | +€417 | +22.9% |
| Profit (loss) for the period | 9904 | €5,085 | €27,687 | +€22,603 | +445% |
| Profit (loss) for the period to be appropriated | 9905 | €5,085 | €27,687 | +€22,603 | +445% |
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 19 October 2026 via checked.be.