ARJO: what changed
What changed
ARJO
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€64,660
2024 · €32,021+€32,639
Equity
€828,480
2024 · €763,821+€64,660
Cash
€136,564
2024 · €48,847+€87,717
Balance sheet total
€1.4m
2024 · €1.6m-€205,611
Largest movements
Assets
- Tangible fixed assets -€242,480
down €242,480 (-19.9%), from €1.2m to €976,824
of which Furniture and vehicles: -€195,145
- Cash +€87,717
up €87,717 (+180%), from €48,847 to €136,564
mainly Depreciation (+€324,589) and Net result for the year (+€64,660)
- Receivables within one year -€52,022
down €52,022 (-18.8%), from €277,031 to €225,009
of which Trade receivables: -€53,582
Equity and liabilities
- Debts after one year -€252,943
down €252,943 (-48.2%), from €524,438 to €271,496
of which Financial debts: -€132,238
- Reserves +€64,660
up €64,660 (+8.9%), from €728,821 to €793,480
of which Distributable reserves: +€64,660
Income statement
- Gross operating margin +€91,354
up €91,354 (+12.8%), from €712,974 to €804,327
- Depreciation +€47,748
up €47,748 (+17.2%), from €276,841 to €324,589
- Taxes +€15,669
up €15,669 (+127%), from €12,386 to €28,055
- Staff costs -€9,573
down €9,573 (-2.6%), from €372,448 to €362,875
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,021
Gross operating margin
+€91,354
Staff costs
+€9,573
Depreciation
-€47,748
Other operating charges
-€446
Other operating items
-€3,268
Financial income
-€1,582
Financial charges
+€425
Taxes
-€15,669
Result 2025
€64,660
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€433,855
Investment
-€82,109
Financing
-€264,029
Cash 2024
€48,847
From operations (derived)
+€433,855
Net result for the year
+€64,660
Depreciation
+€324,589
Stocks and contracts
+€49
Receivables within one year
+€52,022
Deferred charges and accrued income
-€1,223
Trade debts
-€9,340
Tax, wage and social debts
+€1,044
Accrued charges and deferred income
+€2,054
Investment (derived)
-€82,109
Investment in fixed assets (net)
-€82,109
Financing
-€264,029
Debts after one year
-€252,943
Current portion of long-term debt
-€11,086
Cash 2025
€136,564
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,572,451 | €1,366,840 | -€205,611 | -13.1% |
| Fixed assets | 21/28 | €1,225,900 | €983,420 | -€242,480 | -19.8% |
| Tangible fixed assets | 22/27 | €1,219,304 | €976,824 | -€242,480 | -19.9% |
| Land and buildings | 22 | €162,835 | €147,521 | -€15,315 | -9.4% |
| Plant, machinery and equipment | 23 | €74,264 | €67,421 | -€6,843 | -9.2% |
| Furniture and vehicles | 24 | €880,876 | €685,731 | -€195,145 | -22.2% |
| Leasing and similar rights | 25 | €101,328 | €76,151 | -€25,177 | -24.8% |
| Financial fixed assets | 28 | €6,595 | €6,595 | = | 0.0% |
| Current assets | 29/58 | €346,552 | €383,420 | +€36,868 | +10.6% |
| Stocks and contracts in progress | 3 | €3,283 | €3,233 | -€49 | -1.5% |
| Stocks | 30/36 | €3,283 | €3,233 | -€49 | -1.5% |
| Amounts receivable within one year | 40/41 | €277,031 | €225,009 | -€52,022 | -18.8% |
| Trade receivables | 40 | €266,906 | €213,324 | -€53,582 | -20.1% |
| Other amounts receivable | 41 | €10,125 | €11,685 | +€1,560 | +15.4% |
| Cash at bank and in hand | 54/58 | €48,847 | €136,564 | +€87,717 | +180% |
| Deferred charges and accrued income | 490/1 | €17,391 | €18,614 | +€1,223 | +7.0% |
| Total equity and liabilities | 10/49 | €1,572,451 | €1,366,840 | -€205,611 | -13.1% |
| Equity | 10/15 | €763,821 | €828,480 | +€64,660 | +8.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €728,821 | €793,480 | +€64,660 | +8.9% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,266 | €28,266 | = | 0.0% |
| Distributable reserves | 133 | €697,055 | €761,715 | +€64,660 | +9.3% |
| Amounts payable | 17/49 | €808,631 | €538,360 | -€270,271 | -33.4% |
| Amounts payable after more than one year | 17 | €524,438 | €271,496 | -€252,943 | -48.2% |
| Financial debts | 170/4 | €397,084 | €264,846 | -€132,238 | -33.3% |
| Other amounts payable | 178/9 | €127,355 | €6,650 | -€120,705 | -94.8% |
| Amounts payable within one year | 42/48 | €279,692 | €260,311 | -€19,382 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €143,324 | €132,238 | -€11,086 | -7.7% |
| Trade debts | 44 | €82,193 | €72,853 | -€9,340 | -11.4% |
| Suppliers | 440/4 | €82,193 | €72,853 | -€9,340 | -11.4% |
| Taxes, remuneration and social security | 45 | €54,176 | €55,220 | +€1,044 | +1.9% |
| Taxes | 450/3 | €32,562 | €38,482 | +€5,920 | +18.2% |
| Remuneration and social security | 454/9 | €21,613 | €16,738 | -€4,875 | -22.6% |
| Accrued charges and deferred income | 492/3 | €4,500 | €6,554 | +€2,054 | +45.6% |
| Remuneration, social security and pensions | 62 | €372,448 | €362,875 | -€9,573 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,841 | €324,589 | +€47,748 | +17.2% |
| Other operating charges | 640/8 | €4,556 | €5,002 | +€446 | +9.8% |
| Non-recurring operating charges | 66A | - | €3,268 | +€3,268 | |
| Gross operating margin | 9900 | €712,974 | €804,327 | +€91,354 | +12.8% |
| Operating profit (loss) | 9901 | €59,128 | €108,593 | +€49,465 | +83.7% |
| Financial income | 75/76B | €1,833 | €251 | -€1,582 | -86.3% |
| Recurring financial income | 75 | €1,833 | €251 | -€1,582 | -86.3% |
| Financial charges | 65/66B | €16,554 | €16,129 | -€425 | -2.6% |
| Recurring financial charges | 65 | €16,554 | €16,129 | -€425 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €44,407 | €92,715 | +€48,307 | +109% |
| Income taxes | 67/77 | €12,386 | €28,055 | +€15,669 | +127% |
| Profit (loss) for the period | 9904 | €32,021 | €64,660 | +€32,639 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €32,021 | €64,660 | +€32,639 | +102% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.