ARJUVO: 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.
ARJUVO
Largest movements
- Receivables within one year -€22,279
down €22,279 (-13.8%), from €161,687 to €139,407
of which Trade receivables: -€21,930
- Tangible fixed assets -€19,252
down €19,252 (-7.3%), from €262,327 to €243,075
of which Land and buildings: -€14,826
- Deferred charges and accrued income +€16,392
up €16,392 (+210%), from €7,813 to €24,205
- Cash -€15,114
down €15,114 (-18.5%), from €81,547 to €66,433
mainly Debts after one year (-€25,549) and Deferred charges and accrued income (-€16,392)
- Debts after one year -€25,549
down €25,549 (-13.8%), from €184,475 to €158,927
- Reserves +€13,171
up €13,171 (+3.1%), from €427,870 to €441,041
- Gross operating margin -€5,499
down €5,499 (-3.1%), from €178,638 to €173,139
- Other operating charges -€4,694
down €4,694 (-30.7%), from €15,274 to €10,580
- Staff costs +€3,887
up €3,887 (+3.4%), from €113,535 to €117,422
- Depreciation -€3,769
down €3,769 (-13.7%), from €27,550 to €23,781
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 | €1,133,341 | €1,095,814 | -€37,528 | -3.3% |
| Fixed assets | 21/28 | €262,327 | €243,075 | -€19,252 | -7.3% |
| Tangible fixed assets | 22/27 | €262,327 | €243,075 | -€19,252 | -7.3% |
| Land and buildings | 22 | €251,920 | €237,095 | -€14,826 | -5.9% |
| Plant, machinery and equipment | 23 | €5,042 | €3,006 | -€2,036 | -40.4% |
| Furniture and vehicles | 24 | €5,365 | €2,975 | -€2,390 | -44.6% |
| Current assets | 29/58 | €871,014 | €852,739 | -€18,276 | -2.1% |
| Stocks and contracts in progress | 3 | €619,967 | €622,693 | +€2,726 | +0.4% |
| Stocks | 30/36 | €619,967 | €622,693 | +€2,726 | +0.4% |
| Amounts receivable within one year | 40/41 | €161,687 | €139,407 | -€22,279 | -13.8% |
| Trade receivables | 40 | €153,358 | €131,428 | -€21,930 | -14.3% |
| Other amounts receivable | 41 | €8,328 | €7,979 | -€349 | -4.2% |
| Cash at bank and in hand | 54/58 | €81,547 | €66,433 | -€15,114 | -18.5% |
| Deferred charges and accrued income | 490/1 | €7,813 | €24,205 | +€16,392 | +210% |
| Total equity and liabilities | 10/49 | €1,133,341 | €1,095,814 | -€37,528 | -3.3% |
| Equity | 10/15 | €546,294 | €559,465 | +€13,171 | +2.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €427,870 | €441,041 | +€13,171 | +3.1% |
| Distributable reserves | 133 | €427,870 | €441,041 | +€13,171 | +3.1% |
| Profit (loss) carried forward | 14 | €43,424 | €43,424 | = | 0.0% |
| Amounts payable | 17/49 | €587,048 | €536,349 | -€50,699 | -8.6% |
| Amounts payable after more than one year | 17 | €184,475 | €158,927 | -€25,549 | -13.8% |
| Financial debts | 170/4 | €184,475 | €158,927 | -€25,549 | -13.8% |
| Amounts payable within one year | 42/48 | €402,572 | €377,422 | -€25,150 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €28,598 | €28,951 | +€352 | +1.2% |
| Trade debts | 44 | €54,325 | €50,514 | -€3,811 | -7.0% |
| Suppliers | 440/4 | €54,325 | €50,514 | -€3,811 | -7.0% |
| Taxes, remuneration and social security | 45 | €52,030 | €40,717 | -€11,312 | -21.7% |
| Taxes | 450/3 | €26,282 | €15,073 | -€11,208 | -42.6% |
| Remuneration and social security | 454/9 | €25,748 | €25,644 | -€104 | -0.4% |
| Other amounts payable | 47/48 | €267,619 | €257,240 | -€10,379 | -3.9% |
| Remuneration, social security and pensions | 62 | €113,535 | €117,422 | +€3,887 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,550 | €23,781 | -€3,769 | -13.7% |
| Other operating charges | 640/8 | €15,274 | €10,580 | -€4,694 | -30.7% |
| Gross operating margin | 9900 | €178,638 | €173,139 | -€5,499 | -3.1% |
| Operating profit (loss) | 9901 | €22,279 | €21,357 | -€923 | -4.1% |
| Financial income | 75/76B | €6,600 | €6,026 | -€575 | -8.7% |
| Recurring financial income | 75 | €6,600 | €6,026 | -€575 | -8.7% |
| Financial charges | 65/66B | €5,554 | €5,586 | +€32 | +0.6% |
| Recurring financial charges | 65 | €5,554 | €5,586 | +€32 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €23,326 | €21,796 | -€1,529 | -6.6% |
| Income taxes | 67/77 | €8,343 | €8,625 | +€282 | +3.4% |
| Profit (loss) for the period | 9904 | €14,983 | €13,171 | -€1,812 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,983 | €13,171 | -€1,812 | -12.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.