ARJUCO: 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.
ARJUCO
Largest movements
- Current investments +€375,000
new in 2025: €375,000
- Tangible fixed assets -€281,387
down €281,387 (-69.5%), from €404,905 to €123,518
of which Land and buildings: -€243,750
- Cash -€74,827
down €74,827 (-37.3%), from €200,782 to €125,955
mainly Current investments (-€375,000) and Debts after one year (-€187,177)
- Receivables within one year -€57,713
down €57,713 (-57.4%), from €100,498 to €42,785
of which Trade receivables: -€30,139
- Reserves +€199,577
up €199,577 (+58.3%), from €342,542 to €542,119
of which Distributable reserves: +€199,577
- Debts after one year -€187,177
down €187,177 (-82.6%), from €226,706 to €39,529
- Tax, wage and social debts -€28,986
down €28,986 (-29.4%), from €98,530 to €69,544
of which Taxes: -€45,653
- Current portion of long-term debt -€23,530
down €23,530 (-49.9%), from €47,186 to €23,656
- Other debts +€9,261
up €9,261 (+70.4%), from €13,151 to €22,413
- Gross operating margin +€143,319
up €143,319 (+21.3%), from €673,631 to €816,950
- Taxes +€39,661
up €39,661 (+68.2%), from €58,137 to €97,798
- Staff costs +€32,801
up €32,801 (+7.7%), from €427,527 to €460,328
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.
Derived cash bridge
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 | €819,944 | €784,247 | -€35,696 | -4.4% |
| Fixed assets | 21/28 | €413,523 | €129,993 | -€283,530 | -68.6% |
| Intangible fixed assets | 21 | €8,393 | €6,250 | -€2,143 | -25.5% |
| Tangible fixed assets | 22/27 | €404,905 | €123,518 | -€281,387 | -69.5% |
| Land and buildings | 22 | €243,750 | - | -€243,750 | |
| Plant, machinery and equipment | 23 | €159,865 | €122,819 | -€37,046 | -23.2% |
| Furniture and vehicles | 24 | €1,290 | €699 | -€591 | -45.8% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €406,421 | €654,254 | +€247,833 | +61.0% |
| Stocks and contracts in progress | 3 | €96,580 | €99,771 | +€3,191 | +3.3% |
| Stocks | 30/36 | €96,580 | €99,771 | +€3,191 | +3.3% |
| Amounts receivable within one year | 40/41 | €100,498 | €42,785 | -€57,713 | -57.4% |
| Trade receivables | 40 | €58,133 | €27,995 | -€30,139 | -51.8% |
| Other amounts receivable | 41 | €42,365 | €14,790 | -€27,575 | -65.1% |
| Current investments | 50/53 | - | €375,000 | +€375,000 | |
| Cash at bank and in hand | 54/58 | €200,782 | €125,955 | -€74,827 | -37.3% |
| Deferred charges and accrued income | 490/1 | €8,561 | €10,744 | +€2,183 | +25.5% |
| Total equity and liabilities | 10/49 | €819,944 | €784,247 | -€35,696 | -4.4% |
| Equity | 10/15 | €362,542 | €562,119 | +€199,577 | +55.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €342,542 | €542,119 | +€199,577 | +58.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €340,542 | €540,119 | +€199,577 | +58.6% |
| Amounts payable | 17/49 | €457,401 | €222,128 | -€235,273 | -51.4% |
| Amounts payable after more than one year | 17 | €226,706 | €39,529 | -€187,177 | -82.6% |
| Financial debts | 170/4 | €226,706 | €39,529 | -€187,177 | -82.6% |
| Amounts payable within one year | 42/48 | €221,942 | €178,902 | -€43,040 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €47,186 | €23,656 | -€23,530 | -49.9% |
| Financial debts | 43 | €8,766 | €8,804 | +€38 | +0.4% |
| Credit institutions | 430/8 | €8,766 | €8,804 | +€38 | +0.4% |
| Trade debts | 44 | €54,308 | €54,486 | +€178 | +0.3% |
| Suppliers | 440/4 | €54,308 | €54,486 | +€178 | +0.3% |
| Taxes, remuneration and social security | 45 | €98,530 | €69,544 | -€28,986 | -29.4% |
| Taxes | 450/3 | €50,639 | €4,985 | -€45,653 | -90.2% |
| Remuneration and social security | 454/9 | €47,891 | €64,558 | +€16,667 | +34.8% |
| Other amounts payable | 47/48 | €13,151 | €22,413 | +€9,261 | +70.4% |
| Accrued charges and deferred income | 492/3 | €8,753 | €3,698 | -€5,056 | -57.8% |
| Non-recurring operating income | 76A | - | €146,250 | +€146,250 | |
| Remuneration, social security and pensions | 62 | €427,527 | €460,328 | +€32,801 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,289 | €39,604 | -€7,684 | -16.2% |
| Other operating charges | 640/8 | €4,295 | €4,357 | +€62 | +1.4% |
| Gross operating margin | 9900 | €673,631 | €816,950 | +€143,319 | +21.3% |
| Operating profit (loss) | 9901 | €194,520 | €312,660 | +€118,141 | +60.7% |
| Financial income | 75/76B | €1,030 | €2,140 | +€1,110 | +108% |
| Recurring financial income | 75 | €1,030 | €2,140 | +€1,110 | +108% |
| Financial charges | 65/66B | €10,531 | €5,993 | -€4,538 | -43.1% |
| Recurring financial charges | 65 | €10,531 | €5,993 | -€4,538 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €185,019 | €308,807 | +€123,789 | +66.9% |
| Income taxes | 67/77 | €58,137 | €97,798 | +€39,661 | +68.2% |
| Profit (loss) for the period | 9904 | €126,882 | €211,010 | +€84,128 | +66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €126,882 | €211,010 | +€84,128 | +66.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.