ARLECCHINO: what changed
What changed
ARLECCHINO
filed annual accounts (NBB)
Net result for the year
€65,930
2024 · €52,294+€13,636
Equity
€2.0m
2024 · €2.0m+€65,930
Cash
€68,123
2024 · €135,731-€67,608
Balance sheet total
€4.0m
2024 · €3.9m+€53,127
Largest movements
Assets
- Cash -€67,608
down €67,608 (-49.8%), from €135,731 to €68,123
mainly Other debts (-€157,929) and Tax, wage and social debts (-€85,882)
- Receivables within one year +€61,693
up €61,693 (+10.1%), from €611,195 to €672,888
- Deferred charges and accrued income +€51,263
up €51,263 (+167%), from €30,752 to €82,015
- Financial fixed assets +€50,000
up €50,000 (+2.0%), from €2.4m to €2.5m
- Tangible fixed assets -€41,355
down €41,355 (-6.5%), from €638,726 to €597,371
Equity and liabilities
- Debts after one year +€250,000
up €250,000 (+29.4%), from €850,000 to €1.1m
- Other debts -€157,929
down €157,929 (-22.3%), from €706,769 to €548,840
- Tax, wage and social debts -€85,882
down €85,882 (-77.4%), from €110,934 to €25,053
- Reserves +€79,728
up €79,728 (+4.2%), from €1.9m to €2.0m
of which Distributable reserves: +€92,000
Income statement
- Financial income +€40,752
up €40,752 (+112%), from €36,428 to €77,180
- Financial charges +€38,001
up €38,001 (+316%), from €12,027 to €50,028
- Gross operating margin +€13,043
up €13,043 (+13.8%), from €94,719 to €107,762
- Taxes +€1,466
up €1,466 (+10.3%), from €14,206 to €15,672
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€52,294
Gross operating margin
+€13,043
Depreciation
-€179
Other operating charges
-€513
Financial income
+€40,752
Financial charges
-€38,001
Taxes
-€1,466
Result 2025
€65,930
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€238,474
Investment
-€49,134
Financing
+€220,000
Cash 2024
€135,731
From operations (derived)
-€238,474
Net result for the year
+€65,930
Depreciation
+€41,355
Receivables within one year
-€61,693
Deferred charges and accrued income
-€51,263
Provisions
-€4,091
Trade debts
+€49
Tax, wage and social debts
-€85,882
Other debts
-€157,929
Accrued charges and deferred income
+€15,049
Investment (derived)
-€49,134
Investment in fixed assets (net)
-€50,000
Current investments
+€866
Financing
+€220,000
Debts after one year
+€250,000
Current portion of long-term debt
-€30,000
Cash 2025
€68,123
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,943,178 | €3,996,305 | +€53,127 | +1.3% |
| Fixed assets | 21/28 | €3,086,226 | €3,094,871 | +€8,645 | +0.3% |
| Tangible fixed assets | 22/27 | €638,726 | €597,371 | -€41,355 | -6.5% |
| Land and buildings | 22 | €638,726 | €597,371 | -€41,355 | -6.5% |
| Financial fixed assets | 28 | €2,447,500 | €2,497,500 | +€50,000 | +2.0% |
| Current assets | 29/58 | €856,952 | €901,434 | +€44,483 | +5.2% |
| Amounts receivable within one year | 40/41 | €611,195 | €672,888 | +€61,693 | +10.1% |
| Other amounts receivable | 41 | €611,195 | €672,888 | +€61,693 | +10.1% |
| Current investments | 50/53 | €79,275 | €78,409 | -€866 | -1.1% |
| Cash at bank and in hand | 54/58 | €135,731 | €68,123 | -€67,608 | -49.8% |
| Deferred charges and accrued income | 490/1 | €30,752 | €82,015 | +€51,263 | +167% |
| Total equity and liabilities | 10/49 | €3,943,178 | €3,996,305 | +€53,127 | +1.3% |
| Equity | 10/15 | €1,959,938 | €2,025,868 | +€65,930 | +3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,883,680 | €1,963,408 | +€79,728 | +4.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €241,480 | €229,208 | -€12,272 | -5.1% |
| Distributable reserves | 133 | €1,636,000 | €1,728,000 | +€92,000 | +5.6% |
| Profit (loss) carried forward | 14 | €14,258 | €460 | -€13,798 | -96.8% |
| Provisions and deferred taxes | 16 | €134,861 | €130,770 | -€4,091 | -3.0% |
| Deferred taxes | 168 | €134,861 | €130,770 | -€4,091 | -3.0% |
| Amounts payable | 17/49 | €1,848,379 | €1,839,667 | -€8,712 | -0.5% |
| Amounts payable after more than one year | 17 | €850,000 | €1,100,000 | +€250,000 | +29.4% |
| Financial debts | 170/4 | €850,000 | €1,100,000 | +€250,000 | +29.4% |
| Amounts payable within one year | 42/48 | €998,379 | €724,618 | -€273,761 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €180,000 | €150,000 | -€30,000 | -16.7% |
| Trade debts | 44 | €676 | €726 | +€49 | +7.3% |
| Suppliers | 440/4 | €676 | €726 | +€49 | +7.3% |
| Taxes, remuneration and social security | 45 | €110,934 | €25,053 | -€85,882 | -77.4% |
| Taxes | 450/3 | €110,934 | €25,053 | -€85,882 | -77.4% |
| Other amounts payable | 47/48 | €706,769 | €548,840 | -€157,929 | -22.3% |
| Accrued charges and deferred income | 492/3 | - | €15,049 | +€15,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,176 | €41,355 | +€179 | +0.4% |
| Other operating charges | 640/8 | €15,534 | €16,047 | +€513 | +3.3% |
| Gross operating margin | 9900 | €94,719 | €107,762 | +€13,043 | +13.8% |
| Operating profit (loss) | 9901 | €38,009 | €50,359 | +€12,351 | +32.5% |
| Financial income | 75/76B | €36,428 | €77,180 | +€40,752 | +112% |
| Recurring financial income | 75 | €36,428 | €77,180 | +€40,752 | +112% |
| Financial charges | 65/66B | €12,027 | €50,028 | +€38,001 | +316% |
| Recurring financial charges | 65 | €12,027 | €50,028 | +€38,001 | +316% |
| Profit (loss) for the period before taxes | 9903 | €62,409 | €77,511 | +€15,102 | +24.2% |
| Transfer from deferred taxes | 780 | €4,091 | €4,091 | = | 0.0% |
| Income taxes | 67/77 | €14,206 | €15,672 | +€1,466 | +10.3% |
| Profit (loss) for the period | 9904 | €52,294 | €65,930 | +€13,636 | +26.1% |
| Transfer from tax-exempt reserves | 789 | €12,272 | €12,272 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,566 | €78,202 | +€13,636 | +21.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.