ARINOX: 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.
ARINOX
Largest movements
- Receivables within one year -€12,790
down €12,790 (-51.4%), from €24,865 to €12,076
of which Trade receivables: -€7,284
- Stocks and contracts -€3,535
down €3,535 (-22.1%), from €15,975 to €12,440
of which Contracts in progress: -€3,000
- Cash +€1,777
up €1,777 (+357.3%), from €497 to €2,274
mainly Receivables within one year (+€12,790) and Current portion of long-term debt (+€9,410)
- Tangible fixed assets -€752
down €752 (-3.0%), from €25,419 to €24,667
of which Furniture and vehicles: -€7,426
- Debts after one year -€11,574
down €11,574 (-70.6%), from €16,392 to €4,819
- Advances received -€11,307
no longer reported in 2025 (was €11,307)
- Current portion of long-term debt +€9,410
new in 2025: €9,410
- Trade debts -€3,791
down €3,791 (-30.6%), from €12,376 to €8,585
- Other debts +€2,449
up €2,449 (+376.7%), from €650 to €3,099
- Other operating charges +€657
up €657 (+59.6%), from €1,103 to €1,760
- Gross operating margin -€465
down €465 (-3.0%), from €15,331 to €14,866
- Taxes -€404
down €404 (-28.3%), from €1,426 to €1,022
- Depreciation +€194
up €194 (+2.4%), from €8,161 to €8,355
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 | €70,206 | €54,906 | -€15,300 | -21.8% |
| Fixed assets | 21/28 | €28,869 | €28,117 | -€752 | -2.6% |
| Tangible fixed assets | 22/27 | €25,419 | €24,667 | -€752 | -3.0% |
| Land and buildings | 22 | - | €3,966 | +€3,966 | |
| Plant, machinery and equipment | 23 | €2,092 | €4,800 | +€2,708 | +129.5% |
| Furniture and vehicles | 24 | €23,327 | €15,901 | -€7,426 | -31.8% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €41,337 | €26,790 | -€14,548 | -35.2% |
| Stocks and contracts in progress | 3 | €15,975 | €12,440 | -€3,535 | -22.1% |
| Stocks | 30/36 | €9,475 | €8,940 | -€535 | -5.6% |
| Contracts in progress | 37 | €6,500 | €3,500 | -€3,000 | -46.2% |
| Amounts receivable within one year | 40/41 | €24,865 | €12,076 | -€12,790 | -51.4% |
| Trade receivables | 40 | €19,360 | €12,076 | -€7,284 | -37.6% |
| Other amounts receivable | 41 | €5,505 | - | -€5,505 | |
| Cash at bank and in hand | 54/58 | €497 | €2,274 | +€1,777 | +357.3% |
| Total equity and liabilities | 10/49 | €70,206 | €54,906 | -€15,300 | -21.8% |
| Equity | 10/15 | €22,380 | €24,025 | +€1,645 | +7.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,788 | €3,788 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,929 | €1,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,645 | +€1,645 | |
| Amounts payable | 17/49 | €47,826 | €30,882 | -€16,945 | -35.4% |
| Amounts payable after more than one year | 17 | €16,392 | €4,819 | -€11,574 | -70.6% |
| Financial debts | 170/4 | €16,392 | €4,819 | -€11,574 | -70.6% |
| Amounts payable within one year | 42/48 | €31,434 | €26,063 | -€5,371 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,410 | +€9,410 | |
| Trade debts | 44 | €12,376 | €8,585 | -€3,791 | -30.6% |
| Suppliers | 440/4 | €12,376 | €8,585 | -€3,791 | -30.6% |
| Advances received on contracts in progress | 46 | €11,307 | - | -€11,307 | |
| Taxes, remuneration and social security | 45 | €7,101 | €4,969 | -€2,132 | -30.0% |
| Taxes | 450/3 | €4,991 | €4,969 | -€22 | -0.4% |
| Remuneration and social security | 454/9 | €2,110 | - | -€2,110 | |
| Other amounts payable | 47/48 | €650 | €3,099 | +€2,449 | +376.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,161 | €8,355 | +€194 | +2.4% |
| Other operating charges | 640/8 | €1,103 | €1,760 | +€657 | +59.6% |
| Gross operating margin | 9900 | €15,331 | €14,866 | -€465 | -3.0% |
| Operating profit (loss) | 9901 | €6,067 | €4,751 | -€1,316 | -21.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,258 | €1,235 | -€23 | -1.8% |
| Recurring financial charges | 65 | €1,258 | €1,235 | -€23 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €4,811 | €3,517 | -€1,294 | -26.9% |
| Income taxes | 67/77 | €1,426 | €1,022 | -€404 | -28.3% |
| Profit (loss) for the period | 9904 | €3,385 | €2,495 | -€890 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,385 | €2,495 | -€890 | -26.3% |
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 6 October 2026 via checked.be.