ARJANKA: 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.
ARJANKA
Largest movements
- Cash -€37,633
down €37,633 (-24.4%), from €154,508 to €116,875
mainly Contributions, distributions and other (-€197,647) and Current investments (-€32,321)
- Current investments +€32,321
up €32,321 (+220%), from €14,670 to €46,991
- Tangible fixed assets -€12,076
down €12,076 (-83.2%), from €14,509 to €2,433
- Deferred charges and accrued income -€8,106
down €8,106 (-36.3%), from €22,332 to €14,225
- Receivables within one year +€2,706
up €2,706 (+16.9%), from €16,001 to €18,707
of which Trade receivables: +€1,527
- Reserves -€99,907
down €99,907 (-50.6%), from €197,315 to €97,408
- Other debts +€79,207
up €79,207 (+3,308%), from €2,394 to €81,601
- Tax, wage and social debts -€2,241
down €2,241 (-13.8%), from €16,273 to €14,032
of which Taxes: -€1,191
- Gross operating margin +€25,848
up €25,848 (+23.4%), from €110,337 to €136,185
- Taxes +€6,337
up €6,337 (+29.5%), from €21,465 to €27,802
- Financial income +€2,969
up €2,969 (+982%), from €302 to €3,271
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 | €222,019 | €199,231 | -€22,788 | -10.3% |
| Fixed assets | 21/28 | €14,509 | €2,433 | -€12,076 | -83.2% |
| Tangible fixed assets | 22/27 | €14,509 | €2,433 | -€12,076 | -83.2% |
| Furniture and vehicles | 24 | €14,509 | €2,433 | -€12,076 | -83.2% |
| Current assets | 29/58 | €207,510 | €196,798 | -€10,712 | -5.2% |
| Amounts receivable within one year | 40/41 | €16,001 | €18,707 | +€2,706 | +16.9% |
| Trade receivables | 40 | €16,001 | €17,528 | +€1,527 | +9.5% |
| Other amounts receivable | 41 | - | €1,179 | +€1,179 | |
| Current investments | 50/53 | €14,670 | €46,991 | +€32,321 | +220% |
| Cash at bank and in hand | 54/58 | €154,508 | €116,875 | -€37,633 | -24.4% |
| Deferred charges and accrued income | 490/1 | €22,332 | €14,225 | -€8,106 | -36.3% |
| Total equity and liabilities | 10/49 | €222,019 | €199,231 | -€22,788 | -10.3% |
| Equity | 10/15 | €202,315 | €102,408 | -€99,907 | -49.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €197,315 | €97,408 | -€99,907 | -50.6% |
| Distributable reserves | 133 | €197,315 | €97,408 | -€99,907 | -50.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,704 | €96,823 | +€77,119 | +391% |
| Amounts payable within one year | 42/48 | €19,176 | €95,887 | +€76,711 | +400% |
| Trade debts | 44 | €509 | €254 | -€255 | -50.0% |
| Suppliers | 440/4 | €509 | €254 | -€255 | -50.0% |
| Taxes, remuneration and social security | 45 | €16,273 | €14,032 | -€2,241 | -13.8% |
| Taxes | 450/3 | €13,273 | €12,082 | -€1,191 | -9.0% |
| Remuneration and social security | 454/9 | €3,000 | €1,950 | -€1,050 | -35.0% |
| Other amounts payable | 47/48 | €2,394 | €81,601 | +€79,207 | +3,308% |
| Accrued charges and deferred income | 492/3 | €528 | €936 | +€408 | +77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,076 | €12,076 | = | 0.0% |
| Other operating charges | 640/8 | €703 | €927 | +€224 | +31.9% |
| Gross operating margin | 9900 | €110,337 | €136,185 | +€25,848 | +23.4% |
| Operating profit (loss) | 9901 | €97,558 | €123,182 | +€25,624 | +26.3% |
| Financial income | 75/76B | €302 | €3,271 | +€2,969 | +982% |
| Recurring financial income | 75 | €302 | €3,271 | +€2,969 | +982% |
| Financial charges | 65/66B | €374 | €911 | +€537 | +144% |
| Recurring financial charges | 65 | €374 | €911 | +€537 | +144% |
| Profit (loss) for the period before taxes | 9903 | €97,486 | €125,542 | +€28,056 | +28.8% |
| Income taxes | 67/77 | €21,465 | €27,802 | +€6,337 | +29.5% |
| Profit (loss) for the period | 9904 | €76,021 | €97,740 | +€21,719 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,021 | €97,740 | +€21,719 | +28.6% |
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.