ARJULAN: 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.
ARJULAN
Largest movements
- Receivables within one year +€4,959
up €4,959 (+12.5%), from €39,518 to €44,477
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1,805
down €1,805 (-41.3%), from €4,366 to €2,561
- Depreciation +€690
up €690 (+5.7%), from €12,075 to €12,764
- Other operating charges -€460
down €460 (-11.7%), from €3,917 to €3,457
- Gross operating margin -€447
down €447 (-3.0%), from €15,119 to €14,672
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,463 | €487,623 | +€2,160 | +0.4% |
| Fixed assets | 21/28 | €380,425 | €379,272 | -€1,153 | -0.3% |
| Tangible fixed assets | 22/27 | €380,425 | €379,272 | -€1,153 | -0.3% |
| Land and buildings | 22 | €380,366 | €374,548 | -€5,818 | -1.5% |
| Plant, machinery and equipment | 23 | €60 | €1,334 | +€1,274 | +2132.3% |
| Furniture and vehicles | 24 | - | €3,390 | +€3,390 | |
| Current assets | 29/58 | €105,038 | €108,350 | +€3,313 | +3.2% |
| Amounts receivable within one year | 40/41 | €39,518 | €44,477 | +€4,959 | +12.5% |
| Other amounts receivable | 41 | €39,518 | €44,477 | +€4,959 | +12.5% |
| Cash at bank and in hand | 54/58 | €64,168 | €62,486 | -€1,681 | -2.6% |
| Deferred charges and accrued income | 490/1 | €1,352 | €1,387 | +€35 | +2.6% |
| Total equity and liabilities | 10/49 | €485,463 | €487,623 | +€2,160 | +0.4% |
| Equity | 10/15 | €485,463 | €486,429 | +€966 | +0.2% |
| Contributions | 10/11 | €484,000 | €484,000 | = | 0.0% |
| Capital | 10 | €484,000 | €484,000 | = | 0.0% |
| Issued capital | 100 | €484,000 | €484,000 | = | 0.0% |
| Reserves | 13 | €10,661 | €10,711 | +€50 | +0.5% |
| Non-distributable reserves | 130/1 | €10,661 | €10,711 | +€50 | +0.5% |
| Legal reserve | 130 | €10,661 | €10,711 | +€50 | +0.5% |
| Profit (loss) carried forward | 14 | -€9,198 | -€8,282 | +€916 | +10.0% |
| Amounts payable | 17/49 | - | €1,194 | +€1,194 | |
| Amounts payable within one year | 42/48 | - | €109 | +€109 | |
| Trade debts | 44 | - | €109 | +€109 | |
| Suppliers | 440/4 | - | €109 | +€109 | |
| Accrued charges and deferred income | 492/3 | - | €1,085 | +€1,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,075 | €12,764 | +€690 | +5.7% |
| Other operating charges | 640/8 | €3,917 | €3,457 | -€460 | -11.7% |
| Gross operating margin | 9900 | €15,119 | €14,672 | -€447 | -3.0% |
| Operating profit (loss) | 9901 | -€873 | -€1,550 | -€677 | -77.5% |
| Financial income | 75/76B | €4,366 | €2,561 | -€1,805 | -41.3% |
| Recurring financial income | 75 | €4,366 | €2,561 | -€1,805 | -41.3% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €3,449 | €966 | -€2,483 | -72.0% |
| Profit (loss) for the period | 9904 | €3,449 | €966 | -€2,483 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,449 | €966 | -€2,483 | -72.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.