ARJEMO: 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.
What changed
ARJEMO
NACE 52.250, Logistics services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€270,390
2024 · -€667,942+€397,552
Equity
-€11.0m
2024 · -€10.8m-€270,390
Cash
€203,184
2024 · €279,007-€75,822
Balance sheet total
€1.4m
2024 · €1.5m-€128,665
Largest movements
Assets
- Cash -€75,822
down €75,822 (-27.2%), from €279,007 to €203,184
mainly Net result for the year (-€270,390) and Tax, wage and social debts (-€260,902)
- Receivables within one year -€50,549
down €50,549 (-4.1%), from €1.2m to €1.2m
of which Trade receivables: -€67,221
Equity and liabilities
- Accrued charges and deferred income +€591,340
up €591,340 (+105.1%), from €562,454 to €1.2m
- Profit (loss) carried forward -€270,390
down €270,390 (-1.7%), from -€15.7m to -€16.0m
- Tax, wage and social debts -€260,902
down €260,902 (-13.2%), from €2.0m to €1.7m
of which Remuneration and social security: -€215,186
- Trade debts -€184,772
down €184,772 (-38.3%), from €482,436 to €297,664
Income statement
- Staff costs -€3.9m
down €3.9m (-38.7%), from €10.1m to €6.2m
- Provisions +€3.8m
up €3.8m (+99.7%), from -€3.8m to -€10,348
- Services and other goods +€447,974
up €447,974 (+64.4%), from €695,953 to €1.1m
- Turnover +€395,283
up €395,283 (+5.8%), from €6.8m to €7.2m
- Other operating charges -€270,280
down €270,280 (-99.8%), from €270,823 to €543
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.
Result 2024
-€667,942
Turnover
+€395,283
Other operating income
-€10,831
Goods and materials
-€11,558
Services and other goods
-€447,974
Staff costs
+€3.9m
Provisions
-€3.8m
Other operating charges
+€270,280
Financial income
-€13,495
Financial charges
+€90,262
Taxes
+€116
Result 2025
-€270,390
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.
From operations
-€75,822
Investment
€0
Financing
€0
Cash 2024
€279,007
From operations (derived)
-€75,822
Net result for the year
-€270,390
Depreciation
+€1,790
Receivables within one year
+€50,549
Deferred charges and accrued income
+€504
Provisions
-€10,348
Trade debts
-€184,772
Tax, wage and social debts
-€260,902
Other debts
+€6,407
Accrued charges and deferred income
+€591,340
Cash 2025
€203,184
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,507,110 | €1,378,445 | -€128,665 | -8.5% |
| Fixed assets | 21/28 | €6,191 | €4,401 | -€1,790 | -28.9% |
| Tangible fixed assets | 22/27 | €6,091 | €4,301 | -€1,790 | -29.4% |
| Plant, machinery and equipment | 23 | €6,091 | €4,301 | -€1,790 | -29.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Other financial fixed assets | 284/8 | €100 | €100 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,500,919 | €1,374,044 | -€126,875 | -8.5% |
| Amounts receivable within one year | 40/41 | €1,220,903 | €1,170,355 | -€50,549 | -4.1% |
| Trade receivables | 40 | €1,219,173 | €1,151,953 | -€67,221 | -5.5% |
| Other amounts receivable | 41 | €1,730 | €18,402 | +€16,672 | +963.7% |
| Cash at bank and in hand | 54/58 | €279,007 | €203,184 | -€75,822 | -27.2% |
| Deferred charges and accrued income | 490/1 | €1,009 | €504 | -€504 | -50.0% |
| Total equity and liabilities | 10/49 | €1,507,110 | €1,378,445 | -€128,665 | -8.5% |
| Equity | 10/15 | -€10,779,006 | -€11,049,396 | -€270,390 | -2.5% |
| Contributions | 10/11 | €4,642,069 | €4,642,069 | = | 0.0% |
| Capital | 10 | €4,642,069 | €4,642,069 | = | 0.0% |
| Issued capital | 100 | €4,642,069 | €4,642,069 | = | 0.0% |
| Reserves | 13 | €300,609 | €300,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300,609 | €300,609 | = | 0.0% |
| Legal reserve | 130 | €300,609 | €300,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,721,685 | -€15,992,074 | -€270,390 | -1.7% |
| Provisions and deferred taxes | 16 | €143,728 | €133,380 | -€10,348 | -7.2% |
| Provisions for liabilities and charges | 160/5 | €143,728 | €133,380 | -€10,348 | -7.2% |
| Other liabilities and charges | 164/5 | €143,728 | €133,380 | -€10,348 | -7.2% |
| Amounts payable | 17/49 | €12,142,388 | €12,294,461 | +€152,073 | +1.3% |
| Amounts payable within one year | 42/48 | €11,579,934 | €11,140,667 | -€439,267 | -3.8% |
| Financial debts | 43 | €9,000,000 | €9,000,000 | = | 0.0% |
| Other loans | 439 | €9,000,000 | €9,000,000 | = | 0.0% |
| Trade debts | 44 | €482,436 | €297,664 | -€184,772 | -38.3% |
| Suppliers | 440/4 | €482,436 | €297,664 | -€184,772 | -38.3% |
| Taxes, remuneration and social security | 45 | €1,980,332 | €1,719,431 | -€260,902 | -13.2% |
| Taxes | 450/3 | €123,573 | €77,857 | -€45,716 | -37.0% |
| Remuneration and social security | 454/9 | €1,856,759 | €1,641,574 | -€215,186 | -11.6% |
| Other amounts payable | 47/48 | €117,165 | €123,572 | +€6,407 | +5.5% |
| Accrued charges and deferred income | 492/3 | €562,454 | €1,153,794 | +€591,340 | +105.1% |
| Operating income | 70/76A | €7,316,015 | €7,700,467 | +€384,452 | +5.3% |
| Turnover | 70 | €6,776,198 | €7,171,481 | +€395,283 | +5.8% |
| Other operating income | 74 | €539,817 | €528,986 | -€10,831 | -2.0% |
| Operating charges | 60/66A | €7,299,237 | €7,363,020 | +€63,783 | +0.9% |
| Goods for resale, raw materials and consumables | 60 | €24,003 | €35,561 | +€11,558 | +48.2% |
| Purchases | 600/8 | €24,003 | €35,561 | +€11,558 | +48.2% |
| Services and other goods | 61 | €695,953 | €1,143,927 | +€447,974 | +64.4% |
| Remuneration, social security and pensions | 62 | €10,094,094 | €6,191,547 | -€3.9m | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,790 | €1,790 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,787,425 | -€10,348 | +€3.8m | +99.7% |
| Other operating charges | 640/8 | €270,823 | €543 | -€270,280 | -99.8% |
| Operating profit (loss) | 9901 | €16,778 | €337,447 | +€320,669 | +1911.3% |
| Financial income | 75/76B | €15,952 | €2,458 | -€13,495 | -84.6% |
| Recurring financial income | 75 | €15,952 | €2,458 | -€13,495 | -84.6% |
| Income from current assets | 751 | €15,952 | €2,458 | -€13,495 | -84.6% |
| Financial charges | 65/66B | €699,965 | €609,703 | -€90,262 | -12.9% |
| Recurring financial charges | 65 | €699,965 | €609,703 | -€90,262 | -12.9% |
| Debt charges | 650 | €698,484 | €595,687 | -€102,797 | -14.7% |
| Other financial charges | 652/9 | €1,481 | €14,016 | +€12,535 | +846.7% |
| Profit (loss) for the period before taxes | 9903 | -€667,234 | -€269,798 | +€397,436 | +59.6% |
| Income taxes | 67/77 | €707 | €591 | -€116 | -16.4% |
| Taxes | 670/3 | €707 | €591 | -€116 | -16.4% |
| Profit (loss) for the period | 9904 | -€667,942 | -€270,390 | +€397,552 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€667,942 | -€270,390 | +€397,552 | +59.5% |
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 5 October 2026 via checked.be.