Arjol: 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.
Arjol
Largest movements
- Stocks and contracts -€40,000
down €40,000 (-100%), from €40,000 to €0
- Receivables within one year +€38,782
up €38,782 (+34.2%), from €113,428 to €152,210
of which Other amounts receivable: +€108,263
- Cash -€26,237
down €26,237 (-40.8%), from €64,255 to €38,017
mainly Accrued charges and deferred income (-€150,022) and Receivables within one year (-€38,782)
- Tangible fixed assets -€25,422
down €25,422 (-50.3%), from €50,532 to €25,109
of which Furniture and vehicles: -€20,469
- Accrued charges and deferred income -€150,022
down €150,022 (-100.0%), from €150,061 to €39
- Reserves +€85,232
up €85,232 (+1,295%), from €6,583 to €91,815
- Tax, wage and social debts +€43,883
up €43,883 (+1,544%), from €2,843 to €46,726
- Trade debts -€20,279
down €20,279 (-37.6%), from €53,871 to €33,592
- Debts after one year -€10,195
down €10,195 (-56.6%), from €18,018 to €7,824
- Gross operating margin +€105,437
up €105,437 (+214%), from €49,232 to €154,670
- Taxes +€41,142
up €41,142 (+1,474%), from €2,792 to €43,934
- Depreciation -€6,829
down €6,829 (-21.2%), from €32,251 to €25,422
- Financial income +€4,521
up €4,521 (+3,310%), from €137 to €4,657
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,906 | €217,790 | -€51,116 | -19.0% |
| Fixed assets | 21/28 | €50,532 | €25,109 | -€25,422 | -50.3% |
| Tangible fixed assets | 22/27 | €50,532 | €25,109 | -€25,422 | -50.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €14,196 | €9,243 | -€4,953 | -34.9% |
| Furniture and vehicles | 24 | €36,335 | €15,866 | -€20,469 | -56.3% |
| Current assets | 29/58 | €218,375 | €192,681 | -€25,693 | -11.8% |
| Stocks and contracts in progress | 3 | €40,000 | €0 | -€40,000 | -100% |
| Stocks | 30/36 | €40,000 | €0 | -€40,000 | -100% |
| Amounts receivable within one year | 40/41 | €113,428 | €152,210 | +€38,782 | +34.2% |
| Trade receivables | 40 | €79,993 | €10,512 | -€69,481 | -86.9% |
| Other amounts receivable | 41 | €33,435 | €141,698 | +€108,263 | +324% |
| Cash at bank and in hand | 54/58 | €64,255 | €38,017 | -€26,237 | -40.8% |
| Deferred charges and accrued income | 490/1 | €692 | €2,454 | +€1,762 | +255% |
| Total equity and liabilities | 10/49 | €268,906 | €217,790 | -€51,116 | -19.0% |
| Equity | 10/15 | €34,183 | €119,415 | +€85,232 | +249% |
| Contributions | 10/11 | €27,600 | €27,600 | = | 0.0% |
| Reserves | 13 | €6,583 | €91,815 | +€85,232 | +1,295% |
| Distributable reserves | 133 | €6,583 | €91,815 | +€85,232 | +1,295% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €234,724 | €98,375 | -€136,348 | -58.1% |
| Amounts payable after more than one year | 17 | €18,018 | €7,824 | -€10,195 | -56.6% |
| Financial debts | 170/4 | €18,018 | €7,824 | -€10,195 | -56.6% |
| Amounts payable within one year | 42/48 | €66,645 | €90,512 | +€23,868 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €9,930 | €10,195 | +€264 | +2.7% |
| Trade debts | 44 | €53,871 | €33,592 | -€20,279 | -37.6% |
| Suppliers | 440/4 | €53,871 | €33,592 | -€20,279 | -37.6% |
| Taxes, remuneration and social security | 45 | €2,843 | €46,726 | +€43,883 | +1,544% |
| Taxes | 450/3 | €2,843 | €46,726 | +€43,883 | +1,544% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €150,061 | €39 | -€150,022 | -100.0% |
| Remuneration, social security and pensions | 62 | €496 | €0 | -€496 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,251 | €25,422 | -€6,829 | -21.2% |
| Other operating charges | 640/8 | €1,940 | €1,934 | -€6 | -0.3% |
| Gross operating margin | 9900 | €49,232 | €154,670 | +€105,437 | +214% |
| Operating profit (loss) | 9901 | €14,544 | €127,313 | +€112,769 | +775% |
| Financial income | 75/76B | €137 | €4,657 | +€4,521 | +3,310% |
| Recurring financial income | 75 | €137 | €4,657 | +€4,521 | +3,310% |
| Financial charges | 65/66B | €1,780 | €2,804 | +€1,024 | +57.6% |
| Recurring financial charges | 65 | €1,780 | €2,804 | +€1,024 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | €12,901 | €129,166 | +€116,265 | +901% |
| Income taxes | 67/77 | €2,792 | €43,934 | +€41,142 | +1,474% |
| Profit (loss) for the period | 9904 | €10,109 | €85,232 | +€75,123 | +743% |
| Profit (loss) for the period to be appropriated | 9905 | €10,109 | €85,232 | +€75,123 | +743% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.