ARLECCHINO: 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.
ARLECCHINO
Largest movements
- Receivables within one year +€40,167
up €40,167 (+191%), from €20,986 to €61,153
of which Trade receivables: +€22,384
- Intangible fixed assets -€33,000
down €33,000 (-13.3%), from €247,364 to €214,364
- Cash -€15,038
down €15,038 (-40.4%), from €37,236 to €22,198
mainly Receivables within one year (-€40,167) and Other debts (-€16,264)
- Trade debts +€20,905
up €20,905 (+31.6%), from €66,253 to €87,158
- Other debts -€16,264
down €16,264 (-10.5%), from €154,967 to €138,702
- Debts after one year -€15,465
down €15,465 (-65.5%), from €23,623 to €8,157
- Reserves +€6,656
up €6,656 (+39.2%), from €16,986 to €23,642
- Tax, wage and social debts -€5,078
down €5,078 (-14.4%), from €35,261 to €30,183
of which Taxes: -€5,308
- Gross operating margin +€24,108
up €24,108 (+17.2%), from €140,408 to €164,516
- Staff costs +€11,498
up €11,498 (+11.4%), from €101,122 to €112,620
- Taxes +€3,526
up €3,526 (+14,581%), from €24 to €3,550
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 | €315,148 | €305,308 | -€9,841 | -3.1% |
| Fixed assets | 21/28 | €251,358 | €216,758 | -€34,600 | -13.8% |
| Intangible fixed assets | 21 | €247,364 | €214,364 | -€33,000 | -13.3% |
| Tangible fixed assets | 22/27 | €3,993 | €2,393 | -€1,600 | -40.1% |
| Plant, machinery and equipment | 23 | €3,993 | €2,393 | -€1,600 | -40.1% |
| Current assets | 29/58 | €63,791 | €88,550 | +€24,759 | +38.8% |
| Stocks and contracts in progress | 3 | €4,308 | €3,251 | -€1,057 | -24.5% |
| Stocks | 30/36 | €4,308 | €3,251 | -€1,057 | -24.5% |
| Amounts receivable within one year | 40/41 | €20,986 | €61,153 | +€40,167 | +191% |
| Trade receivables | 40 | €19,669 | €42,053 | +€22,384 | +114% |
| Other amounts receivable | 41 | €1,317 | €19,100 | +€17,783 | +1,351% |
| Cash at bank and in hand | 54/58 | €37,236 | €22,198 | -€15,038 | -40.4% |
| Deferred charges and accrued income | 490/1 | €1,261 | €1,948 | +€687 | +54.5% |
| Total equity and liabilities | 10/49 | €315,148 | €305,308 | -€9,841 | -3.1% |
| Equity | 10/15 | €18,026 | €25,642 | +€7,616 | +42.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,986 | €23,642 | +€6,656 | +39.2% |
| Distributable reserves | 133 | €16,986 | €23,642 | +€6,656 | +39.2% |
| Profit (loss) carried forward | 14 | -€960 | - | +€960 | |
| Amounts payable | 17/49 | €297,123 | €279,666 | -€17,457 | -5.9% |
| Amounts payable after more than one year | 17 | €23,623 | €8,157 | -€15,465 | -65.5% |
| Financial debts | 170/4 | €23,623 | €8,157 | -€15,465 | -65.5% |
| Amounts payable within one year | 42/48 | €272,652 | €271,509 | -€1,143 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €16,171 | €15,465 | -€705 | -4.4% |
| Trade debts | 44 | €66,253 | €87,158 | +€20,905 | +31.6% |
| Suppliers | 440/4 | €66,253 | €87,158 | +€20,905 | +31.6% |
| Taxes, remuneration and social security | 45 | €35,261 | €30,183 | -€5,078 | -14.4% |
| Taxes | 450/3 | €17,810 | €12,502 | -€5,308 | -29.8% |
| Remuneration and social security | 454/9 | €17,452 | €17,681 | +€229 | +1.3% |
| Other amounts payable | 47/48 | €154,967 | €138,702 | -€16,264 | -10.5% |
| Accrued charges and deferred income | 492/3 | €848 | - | -€848 | |
| Remuneration, social security and pensions | 62 | €101,122 | €112,620 | +€11,498 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,600 | €34,600 | = | 0.0% |
| Other operating charges | 640/8 | €837 | €740 | -€97 | -11.6% |
| Gross operating margin | 9900 | €140,408 | €164,516 | +€24,108 | +17.2% |
| Operating profit (loss) | 9901 | €3,849 | €16,556 | +€12,707 | +330% |
| Financial income | 75/76B | €0 | €552 | +€552 | +1,840,533% |
| Recurring financial income | 75 | €0 | €552 | +€552 | +1,840,533% |
| Financial charges | 65/66B | €4,784 | €5,942 | +€1,157 | +24.2% |
| Recurring financial charges | 65 | €4,784 | €5,942 | +€1,157 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€936 | €11,166 | +€12,102 | |
| Income taxes | 67/77 | €24 | €3,550 | +€3,526 | +14,581% |
| Profit (loss) for the period | 9904 | -€960 | €7,616 | +€8,576 | |
| Profit (loss) for the period to be appropriated | 9905 | -€960 | €7,616 | +€8,576 |
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 20 October 2026 via checked.be.