ARENSA: 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.
ARENSA
Largest movements
- Tangible fixed assets -€6,546
down €6,546 (-24.1%), from €27,187 to €20,640
of which Furniture and vehicles: -€7,072
- Receivables within one year -€3,783
down €3,783 (-8.8%), from €42,787 to €39,003
of which Other amounts receivable: -€8,308
- Cash -€3,174
down €3,174 (-6.1%), from €52,178 to €49,004
mainly Contributions, distributions and other (-€38,418) and Trade debts (-€3,072)
- Reserves -€20,500
down €20,500 (-40.6%), from €50,500 to €30,000
- Profit (loss) carried forward +€9,268
up €9,268 (+34.4%), from €26,929 to €36,197
- Trade debts -€3,072
down €3,072 (-40.6%), from €7,559 to €4,487
- Gross operating margin +€4,879
up €4,879 (+11.4%), from €42,922 to €47,801
- Other operating charges -€1,363
down €1,363 (-67.2%), from €2,029 to €666
- Taxes -€934
down €934 (-7.9%), from €11,806 to €10,871
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 | €122,190 | €108,715 | -€13,475 | -11.0% |
| Fixed assets | 21/28 | €27,187 | €20,640 | -€6,546 | -24.1% |
| Tangible fixed assets | 22/27 | €27,187 | €20,640 | -€6,546 | -24.1% |
| Plant, machinery and equipment | 23 | €1,959 | €2,485 | +€526 | +26.8% |
| Furniture and vehicles | 24 | €25,227 | €18,155 | -€7,072 | -28.0% |
| Current assets | 29/58 | €95,003 | €88,074 | -€6,929 | -7.3% |
| Amounts receivable within one year | 40/41 | €42,787 | €39,003 | -€3,783 | -8.8% |
| Trade receivables | 40 | €32,588 | €37,112 | +€4,524 | +13.9% |
| Other amounts receivable | 41 | €10,199 | €1,892 | -€8,308 | -81.5% |
| Cash at bank and in hand | 54/58 | €52,178 | €49,004 | -€3,174 | -6.1% |
| Deferred charges and accrued income | 490/1 | €39 | €67 | +€28 | +73.0% |
| Total equity and liabilities | 10/49 | €122,190 | €108,715 | -€13,475 | -11.0% |
| Equity | 10/15 | €89,829 | €78,597 | -€11,232 | -12.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,500 | €30,000 | -€20,500 | -40.6% |
| Distributable reserves | 133 | €50,500 | €30,000 | -€20,500 | -40.6% |
| Profit (loss) carried forward | 14 | €26,929 | €36,197 | +€9,268 | +34.4% |
| Amounts payable | 17/49 | €32,361 | €30,118 | -€2,243 | -6.9% |
| Amounts payable within one year | 42/48 | €32,361 | €30,118 | -€2,243 | -6.9% |
| Trade debts | 44 | €7,559 | €4,487 | -€3,072 | -40.6% |
| Suppliers | 440/4 | €7,559 | €4,487 | -€3,072 | -40.6% |
| Taxes, remuneration and social security | 45 | €24,802 | €25,631 | +€829 | +3.3% |
| Taxes | 450/3 | €24,802 | €25,631 | +€829 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,839 | €8,766 | -€73 | -0.8% |
| Other operating charges | 640/8 | €2,029 | €666 | -€1,363 | -67.2% |
| Gross operating margin | 9900 | €42,922 | €47,801 | +€4,879 | +11.4% |
| Operating profit (loss) | 9901 | €32,055 | €38,369 | +€6,315 | +19.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -67.4% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -67.4% |
| Financial charges | 65/66B | €277 | €313 | +€36 | +12.8% |
| Recurring financial charges | 65 | €277 | €313 | +€36 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €31,779 | €38,057 | +€6,278 | +19.8% |
| Income taxes | 67/77 | €11,806 | €10,871 | -€934 | -7.9% |
| Profit (loss) for the period | 9904 | €19,973 | €27,186 | +€7,213 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,973 | €27,186 | +€7,213 | +36.1% |
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 7 October 2026 via checked.be.