ARJO: 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.
ARJO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€2,438
down €2,438 (-13.7%), from -€17,796 to -€20,234
- Other debts +€2,001
up €2,001 (+20.6%), from €9,708 to €11,709
- Trade debts +€1,279
new in 2025: €1,279
- Gross operating margin +€2,021
up €2,021 (+74.7%), from -€2,704 to -€683
- Other operating charges +€411
up €411 (+31.6%), from €1,300 to €1,711
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 | €110,097 | €110,939 | +€842 | +0.8% |
| Fixed assets | 21/28 | €108,398 | €108,398 | = | 0.0% |
| Tangible fixed assets | 22/27 | €108,398 | €108,398 | = | 0.0% |
| Land and buildings | 22 | €108,398 | €108,398 | = | 0.0% |
| Current assets | 29/58 | €1,699 | €2,541 | +€842 | +49.6% |
| Amounts receivable within one year | 40/41 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 41 | €1,500 | €1,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €199 | €1,041 | +€842 | +423.1% |
| Total equity and liabilities | 10/49 | €110,097 | €110,939 | +€842 | +0.8% |
| Equity | 10/15 | €100,389 | €97,951 | -€2,438 | -2.4% |
| Contributions | 10/11 | €109,482 | €109,482 | = | 0.0% |
| Capital | 10 | €109,482 | €109,482 | = | 0.0% |
| Issued capital | 100 | €109,482 | €109,482 | = | 0.0% |
| Reserves | 13 | €8,703 | €8,703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,900 | €7,900 | = | 0.0% |
| Legal reserve | 130 | €7,900 | €7,900 | = | 0.0% |
| Distributable reserves | 133 | €803 | €803 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,796 | -€20,234 | -€2,438 | -13.7% |
| Amounts payable | 17/49 | €9,708 | €12,988 | +€3,280 | +33.8% |
| Amounts payable within one year | 42/48 | €9,708 | €12,988 | +€3,280 | +33.8% |
| Trade debts | 44 | - | €1,279 | +€1,279 | |
| Suppliers | 440/4 | - | €1,279 | +€1,279 | |
| Other amounts payable | 47/48 | €9,708 | €11,709 | +€2,001 | +20.6% |
| Other operating charges | 640/8 | €1,300 | €1,711 | +€411 | +31.6% |
| Gross operating margin | 9900 | -€2,704 | -€683 | +€2,021 | +74.7% |
| Operating profit (loss) | 9901 | -€4,004 | -€2,394 | +€1,610 | +40.2% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +12.8% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,043 | -€2,438 | +€1,605 | +39.7% |
| Profit (loss) for the period | 9904 | -€4,043 | -€2,438 | +€1,605 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,043 | -€2,438 | +€1,605 | +39.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.