ARJO DECO: 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 DECO
Largest movements
- Cash +€27,949
up €27,949 (+66.8%), from €41,854 to €69,804
mainly Advances received (+€15,048) and Net result for the year (+€13,203)
- Receivables within one year +€7,063
up €7,063 (+44.3%), from €15,949 to €23,012
of which Other amounts receivable: +€7,473
- Stocks and contracts +€5,842
up €5,842 (+15.0%), from €38,972 to €44,815
- Tangible fixed assets -€3,535
down €3,535 (-9.6%), from €36,950 to €33,414
of which Plant, machinery and equipment: -€4,649
- Deferred charges and accrued income -€1,944
down €1,944 (-32.0%), from €6,081 to €4,137
- Advances received +€15,048
up €15,048 (+22.2%), from €67,777 to €82,825
- Other debts +€13,000
new in 2025: €13,000
- Trade debts +€6,170
up €6,170 (+10.8%), from €57,074 to €63,244
- Tax, wage and social debts +€4,148
up €4,148 (+19.0%), from €21,818 to €25,967
of which Remuneration and social security: +€4,717
- Current portion of long-term debt -€3,194
no longer reported in 2025 (was €3,194)
- Gross operating margin +€24,014
up €24,014 (+41.0%), from €58,552 to €82,566
- Staff costs +€13,186
up €13,186 (+42.3%), from €31,142 to €44,328
- Taxes +€2,665
up €2,665 (+83.4%), from €3,195 to €5,861
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 | €150,946 | €186,322 | +€35,376 | +23.4% |
| Fixed assets | 21/28 | €48,090 | €44,554 | -€3,535 | -7.4% |
| Tangible fixed assets | 22/27 | €36,950 | €33,414 | -€3,535 | -9.6% |
| Plant, machinery and equipment | 23 | €13,829 | €9,179 | -€4,649 | -33.6% |
| Furniture and vehicles | 24 | €11,838 | €10,351 | -€1,487 | -12.6% |
| Other tangible fixed assets | 26 | €11,283 | €13,884 | +€2,601 | +23.1% |
| Financial fixed assets | 28 | €11,140 | €11,140 | = | 0.0% |
| Current assets | 29/58 | €102,856 | €141,767 | +€38,912 | +37.8% |
| Stocks and contracts in progress | 3 | €38,972 | €44,815 | +€5,842 | +15.0% |
| Stocks | 30/36 | €38,972 | €44,815 | +€5,842 | +15.0% |
| Amounts receivable within one year | 40/41 | €15,949 | €23,012 | +€7,063 | +44.3% |
| Trade receivables | 40 | €1,036 | €626 | -€410 | -39.6% |
| Other amounts receivable | 41 | €14,913 | €22,386 | +€7,473 | +50.1% |
| Cash at bank and in hand | 54/58 | €41,854 | €69,804 | +€27,949 | +66.8% |
| Deferred charges and accrued income | 490/1 | €6,081 | €4,137 | -€1,944 | -32.0% |
| Total equity and liabilities | 10/49 | €150,946 | €186,322 | +€35,376 | +23.4% |
| Equity | 10/15 | €1,082 | €1,286 | +€203 | +18.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82 | €286 | +€203 | +246.5% |
| Amounts payable | 17/49 | €149,863 | €185,036 | +€35,173 | +23.5% |
| Amounts payable within one year | 42/48 | €149,863 | €185,036 | +€35,173 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €3,194 | - | -€3,194 | |
| Trade debts | 44 | €57,074 | €63,244 | +€6,170 | +10.8% |
| Suppliers | 440/4 | €57,074 | €63,244 | +€6,170 | +10.8% |
| Advances received on contracts in progress | 46 | €67,777 | €82,825 | +€15,048 | +22.2% |
| Taxes, remuneration and social security | 45 | €21,818 | €25,967 | +€4,148 | +19.0% |
| Taxes | 450/3 | €21,818 | €21,250 | -€569 | -2.6% |
| Remuneration and social security | 454/9 | - | €4,717 | +€4,717 | |
| Other amounts payable | 47/48 | - | €13,000 | +€13,000 | |
| Remuneration, social security and pensions | 62 | €31,142 | €44,328 | +€13,186 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,685 | €12,193 | +€508 | +4.4% |
| Other operating charges | 640/8 | €4,276 | €3,847 | -€429 | -10.0% |
| Gross operating margin | 9900 | €58,552 | €82,566 | +€24,014 | +41.0% |
| Operating profit (loss) | 9901 | €11,449 | €22,198 | +€10,748 | +93.9% |
| Financial income | 75/76B | €2 | €1 | -€1 | -63.6% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -63.6% |
| Financial charges | 65/66B | €3,272 | €3,134 | -€137 | -4.2% |
| Recurring financial charges | 65 | €3,272 | €3,134 | -€137 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €8,179 | €19,064 | +€10,885 | +133.1% |
| Income taxes | 67/77 | €3,195 | €5,861 | +€2,665 | +83.4% |
| Profit (loss) for the period | 9904 | €4,984 | €13,203 | +€8,219 | +164.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,984 | €13,203 | +€8,219 | +164.9% |
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 7 October 2026 via checked.be.