ARJUMA: 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.
ARJUMA
Largest movements
- Cash -€135,911
down €135,911 (-93.7%), from €144,996 to €9,085
mainly Investment in fixed assets (net) (-€122,384) and Contributions, distributions and other (-€50,000)
- Financial fixed assets +€121,589
up €121,589 (+40,530%), from €300 to €121,889
- Receivables within one year -€30,759
down €30,759 (-19.4%), from €158,303 to €127,544
of which Other amounts receivable: -€38,222
- Tangible fixed assets -€8,904
down €8,904 (-46.7%), from €19,067 to €10,163
of which Furniture and vehicles: -€7,992
- Reserves -€54,078
down €54,078 (-17.3%), from €312,405 to €258,326
- Gross operating margin -€82,724
down €82,724 (-98.3%), from €84,117 to €1,394
- Taxes -€18,254
down €18,254 (-93.3%), from €19,563 to €1,309
- Depreciation +€1,137
up €1,137 (+13.3%), from €8,562 to €9,699
- Financial income -€1,122
down €1,122 (-14.8%), from €7,582 to €6,459
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 | €324,235 | €269,863 | -€54,372 | -16.8% |
| Fixed assets | 21/28 | €19,367 | €132,052 | +€112,685 | +582% |
| Tangible fixed assets | 22/27 | €19,067 | €10,163 | -€8,904 | -46.7% |
| Plant, machinery and equipment | 23 | €1,220 | €465 | -€756 | -61.9% |
| Furniture and vehicles | 24 | €17,592 | €9,600 | -€7,992 | -45.4% |
| Other tangible fixed assets | 26 | €255 | €99 | -€156 | -61.2% |
| Financial fixed assets | 28 | €300 | €121,889 | +€121,589 | +40,530% |
| Current assets | 29/58 | €304,868 | €137,811 | -€167,058 | -54.8% |
| Amounts receivable within one year | 40/41 | €158,303 | €127,544 | -€30,759 | -19.4% |
| Trade receivables | 40 | €18,150 | €25,612 | +€7,462 | +41.1% |
| Other amounts receivable | 41 | €140,153 | €101,931 | -€38,222 | -27.3% |
| Cash at bank and in hand | 54/58 | €144,996 | €9,085 | -€135,911 | -93.7% |
| Deferred charges and accrued income | 490/1 | €1,569 | €1,182 | -€388 | -24.7% |
| Total equity and liabilities | 10/49 | €324,235 | €269,863 | -€54,372 | -16.8% |
| Equity | 10/15 | €317,405 | €263,326 | -€54,078 | -17.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €312,405 | €258,326 | -€54,078 | -17.3% |
| Distributable reserves | 133 | €312,405 | €258,326 | -€54,078 | -17.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,831 | €6,537 | -€294 | -4.3% |
| Amounts payable within one year | 42/48 | €6,227 | €6,030 | -€197 | -3.2% |
| Trade debts | 44 | €651 | €1,445 | +€793 | +122% |
| Suppliers | 440/4 | €651 | €1,445 | +€793 | +122% |
| Taxes, remuneration and social security | 45 | €5,076 | €4,585 | -€490 | -9.7% |
| Taxes | 450/3 | €5,076 | €4,585 | -€490 | -9.7% |
| Other amounts payable | 47/48 | €500 | €0 | -€500 | -100% |
| Accrued charges and deferred income | 492/3 | €604 | €507 | -€97 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,562 | €9,699 | +€1,137 | +13.3% |
| Other operating charges | 640/8 | €1,118 | €803 | -€314 | -28.1% |
| Gross operating margin | 9900 | €84,117 | €1,394 | -€82,724 | -98.3% |
| Operating profit (loss) | 9901 | €74,438 | -€9,108 | -€83,546 | |
| Financial income | 75/76B | €7,582 | €6,459 | -€1,122 | -14.8% |
| Recurring financial income | 75 | €7,582 | €6,459 | -€1,122 | -14.8% |
| Financial charges | 65/66B | €191 | €120 | -€71 | -37.3% |
| Recurring financial charges | 65 | €191 | €120 | -€71 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €81,828 | -€2,769 | -€84,597 | |
| Income taxes | 67/77 | €19,563 | €1,309 | -€18,254 | -93.3% |
| Profit (loss) for the period | 9904 | €62,265 | -€4,078 | -€66,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,265 | -€4,078 | -€66,343 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.