ARJULIS: 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.
ARJULIS
Largest movements
- Cash +€26,992
up €26,992 (+29.8%), from €90,615 to €117,607
mainly Net result for the year (+€143,266) and Depreciation (+€30,066)
- Tangible fixed assets -€21,613
down €21,613 (-2.9%), from €754,261 to €732,648
of which Land and buildings: -€25,688
- Reserves +€63,312
up €63,312 (+9.5%), from €668,023 to €731,335
- Debts after one year -€46,671
down €46,671 (-41.2%), from €113,286 to €66,615
- Gross operating margin +€11,992
up €11,992 (+4.9%), from €244,736 to €256,728
- Taxes +€4,379
up €4,379 (+7.5%), from €58,462 to €62,841
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 | €965,264 | €978,779 | +€13,515 | +1.4% |
| Fixed assets | 21/28 | €754,261 | €732,648 | -€21,613 | -2.9% |
| Tangible fixed assets | 22/27 | €754,261 | €732,648 | -€21,613 | -2.9% |
| Land and buildings | 22 | €752,832 | €727,143 | -€25,688 | -3.4% |
| Furniture and vehicles | 24 | €1,430 | €5,504 | +€4,075 | +285.0% |
| Current assets | 29/58 | €211,003 | €246,131 | +€35,128 | +16.6% |
| Amounts receivable within one year | 40/41 | €120,388 | €128,524 | +€8,136 | +6.8% |
| Trade receivables | 40 | €120,388 | €128,524 | +€8,136 | +6.8% |
| Cash at bank and in hand | 54/58 | €90,615 | €117,607 | +€26,992 | +29.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €965,264 | €978,779 | +€13,515 | +1.4% |
| Equity | 10/15 | €680,423 | €743,735 | +€63,312 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €668,023 | €731,335 | +€63,312 | +9.5% |
| Distributable reserves | 133 | €668,023 | €731,335 | +€63,312 | +9.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €284,841 | €235,044 | -€49,797 | -17.5% |
| Amounts payable after more than one year | 17 | €113,286 | €66,615 | -€46,671 | -41.2% |
| Financial debts | 170/4 | €113,286 | €66,615 | -€46,671 | -41.2% |
| Amounts payable within one year | 42/48 | €171,556 | €168,429 | -€3,126 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €46,671 | €46,671 | = | 0.0% |
| Trade debts | 44 | €1,105 | €2,164 | +€1,060 | +95.9% |
| Suppliers | 440/4 | €1,105 | €2,164 | +€1,060 | +95.9% |
| Taxes, remuneration and social security | 45 | €7,670 | €5,885 | -€1,786 | -23.3% |
| Taxes | 450/3 | €7,670 | €5,885 | -€1,786 | -23.3% |
| Other amounts payable | 47/48 | €116,110 | €113,710 | -€2,400 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,021 | €30,066 | +€45 | +0.2% |
| Other operating charges | 640/8 | €3,470 | €5,619 | +€2,148 | +61.9% |
| Gross operating margin | 9900 | €244,736 | €256,728 | +€11,992 | +4.9% |
| Operating profit (loss) | 9901 | €211,245 | €221,044 | +€9,798 | +4.6% |
| Financial income | 75/76B | €152 | €287 | +€134 | +88.1% |
| Recurring financial income | 75 | €152 | €287 | +€134 | +88.1% |
| Financial charges | 65/66B | €17,078 | €15,222 | -€1,856 | -10.9% |
| Recurring financial charges | 65 | €17,078 | €15,222 | -€1,856 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €194,319 | €206,108 | +€11,788 | +6.1% |
| Income taxes | 67/77 | €58,462 | €62,841 | +€4,379 | +7.5% |
| Profit (loss) for the period | 9904 | €135,857 | €143,266 | +€7,410 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €135,857 | €143,266 | +€7,410 | +5.5% |
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 3 October 2026 via checked.be.