Arl'eau: 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.
Arl'eau
Largest movements
- Receivables within one year -€91,180
down €91,180 (-46.6%), from €195,588 to €104,408
of which Trade receivables: -€93,825
- Cash +€48,990
up €48,990 (+71.9%), from €68,152 to €117,141
mainly Receivables within one year (+€91,180) and Current portion of long-term debt (+€57,020)
- Debts after one year -€97,897
down €97,897 (-8.7%), from €1.1m to €1.0m
- Tax, wage and social debts -€60,561
down €60,561 (-79.2%), from €76,506 to €15,945
- Current portion of long-term debt +€57,020
up €57,020 (+548.0%), from €10,406 to €67,426
- Profit (loss) carried forward +€43,303
up €43,303 (+26.0%), from €166,859 to €210,162
- Gross operating margin -€119,673
down €119,673 (-53.0%), from €225,884 to €106,211
- Taxes -€32,475
down €32,475 (-68.6%), from €47,330 to €14,855
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 | €1,403,911 | €1,354,487 | -€49,424 | -3.5% |
| Fixed assets | 21/28 | €1,140,171 | €1,132,938 | -€7,233 | -0.6% |
| Tangible fixed assets | 22/27 | €50,270 | €43,037 | -€7,233 | -14.4% |
| Plant, machinery and equipment | 23 | €1,130 | €838 | -€293 | -25.9% |
| Furniture and vehicles | 24 | €49,140 | €42,199 | -€6,940 | -14.1% |
| Financial fixed assets | 28 | €1,089,901 | €1,089,901 | = | 0.0% |
| Current assets | 29/58 | €263,740 | €221,549 | -€42,191 | -16.0% |
| Amounts receivable within one year | 40/41 | €195,588 | €104,408 | -€91,180 | -46.6% |
| Trade receivables | 40 | €195,588 | €101,763 | -€93,825 | -48.0% |
| Other amounts receivable | 41 | - | €2,645 | +€2,645 | |
| Cash at bank and in hand | 54/58 | €68,152 | €117,141 | +€48,990 | +71.9% |
| Total equity and liabilities | 10/49 | €1,403,911 | €1,354,487 | -€49,424 | -3.5% |
| Equity | 10/15 | €169,859 | €213,162 | +€43,303 | +25.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,859 | €210,162 | +€43,303 | +26.0% |
| Amounts payable | 17/49 | €1,234,052 | €1,141,325 | -€92,727 | -7.5% |
| Amounts payable after more than one year | 17 | €1,127,102 | €1,029,206 | -€97,897 | -8.7% |
| Financial debts | 170/4 | €1,127,102 | €1,029,206 | -€97,897 | -8.7% |
| Amounts payable within one year | 42/48 | €89,130 | €94,300 | +€5,170 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €10,406 | €67,426 | +€57,020 | +548.0% |
| Trade debts | 44 | €2,016 | €1,542 | -€473 | -23.5% |
| Suppliers | 440/4 | €2,016 | €1,542 | -€473 | -23.5% |
| Taxes, remuneration and social security | 45 | €76,506 | €15,945 | -€60,561 | -79.2% |
| Taxes | 450/3 | €76,506 | €15,945 | -€60,561 | -79.2% |
| Other amounts payable | 47/48 | €203 | €9,387 | +€9,184 | +4532.1% |
| Accrued charges and deferred income | 492/3 | €17,819 | €17,819 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,524 | €14,273 | +€1,749 | +14.0% |
| Other operating charges | 640/8 | €241 | €1,126 | +€885 | +367.4% |
| Gross operating margin | 9900 | €225,884 | €106,211 | -€119,673 | -53.0% |
| Operating profit (loss) | 9901 | €213,119 | €90,811 | -€122,308 | -57.4% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €33,722 | €32,656 | -€1,067 | -3.2% |
| Recurring financial charges | 65 | €33,722 | €32,656 | -€1,067 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €179,397 | €58,158 | -€121,238 | -67.6% |
| Income taxes | 67/77 | €47,330 | €14,855 | -€32,475 | -68.6% |
| Profit (loss) for the period | 9904 | €132,066 | €43,303 | -€88,764 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €132,066 | €43,303 | -€88,764 | -67.2% |
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 6 October 2026 via checked.be.