Arlequino: 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.
Arlequino
Largest movements
- Cash -€43,418
down €43,418 (-37.6%), from €115,382 to €71,965
mainly Receivables within one year (-€34,043) and Debts after one year (-€25,163)
- Receivables within one year +€34,043
up €34,043 (+3,559%), from €957 to €35,000
of which Trade receivables: +€35,000
- Tangible fixed assets -€29,313
down €29,313 (-57.3%), from €51,195 to €21,883
of which Plant, machinery and equipment: -€26,426
- Debts after one year -€25,163
down €25,163 (-61.7%), from €40,800 to €15,638
of which Other amounts payable: -€17,123
- Reserves -€6,895
down €6,895 (-6.9%), from €100,213 to €93,318
- Current portion of long-term debt -€3,004
down €3,004 (-27.2%), from €11,044 to €8,040
- Tax, wage and social debts -€1,998
down €1,998 (-28.6%), from €6,998 to €5,000
of which Remuneration and social security: -€3,787
- Short-term financial debts -€1,690
no longer reported in 2025 (was €1,690)
- Gross operating margin -€101,869
down €101,869 (-84.6%), from €120,433 to €18,564
- Staff costs -€55,678
down €55,678 (-97.1%), from €57,357 to €1,678
- Taxes -€12,164
down €12,164 (-79.3%), from €15,332 to €3,168
- Depreciation -€5,882
down €5,882 (-68.2%), from €8,626 to €2,745
- Other operating charges -€2,785
down €2,785 (-56.6%), from €4,917 to €2,132
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 | €168,330 | €128,944 | -€39,387 | -23.4% |
| Fixed assets | 21/28 | €51,201 | €21,883 | -€29,318 | -57.3% |
| Tangible fixed assets | 22/27 | €51,195 | €21,883 | -€29,313 | -57.3% |
| Land and buildings | 22 | €22,742 | €20,129 | -€2,613 | -11.5% |
| Plant, machinery and equipment | 23 | €28,104 | €1,677 | -€26,426 | -94.0% |
| Furniture and vehicles | 24 | €350 | €76 | -€274 | -78.2% |
| Financial fixed assets | 28 | €6 | - | -€6 | |
| Current assets | 29/58 | €117,129 | €107,061 | -€10,068 | -8.6% |
| Stocks and contracts in progress | 3 | €700 | - | -€700 | |
| Stocks | 30/36 | €700 | - | -€700 | |
| Amounts receivable within one year | 40/41 | €957 | €35,000 | +€34,043 | +3,559% |
| Trade receivables | 40 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | €957 | - | -€957 | |
| Cash at bank and in hand | 54/58 | €115,382 | €71,965 | -€43,418 | -37.6% |
| Deferred charges and accrued income | 490/1 | €90 | €96 | +€6 | +6.6% |
| Total equity and liabilities | 10/49 | €168,330 | €128,944 | -€39,387 | -23.4% |
| Equity | 10/15 | €106,413 | €99,518 | -€6,895 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,213 | €93,318 | -€6,895 | -6.9% |
| Distributable reserves | 133 | €100,213 | €93,318 | -€6,895 | -6.9% |
| Amounts payable | 17/49 | €61,918 | €29,426 | -€32,492 | -52.5% |
| Amounts payable after more than one year | 17 | €40,800 | €15,638 | -€25,163 | -61.7% |
| Financial debts | 170/4 | €10,113 | €2,073 | -€8,040 | -79.5% |
| Other amounts payable | 178/9 | €30,687 | €13,564 | -€17,123 | -55.8% |
| Amounts payable within one year | 42/48 | €21,117 | €13,788 | -€7,329 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €11,044 | €8,040 | -€3,004 | -27.2% |
| Financial debts | 43 | €1,690 | - | -€1,690 | |
| Credit institutions | 430/8 | €1,690 | - | -€1,690 | |
| Trade debts | 44 | €1,385 | €748 | -€637 | -46.0% |
| Suppliers | 440/4 | €1,385 | €748 | -€637 | -46.0% |
| Taxes, remuneration and social security | 45 | €6,998 | €5,000 | -€1,998 | -28.6% |
| Taxes | 450/3 | €3,212 | €5,000 | +€1,789 | +55.7% |
| Remuneration and social security | 454/9 | €3,787 | - | -€3,787 | |
| Remuneration, social security and pensions | 62 | €57,357 | €1,678 | -€55,678 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,626 | €2,745 | -€5,882 | -68.2% |
| Other operating charges | 640/8 | €4,917 | €2,132 | -€2,785 | -56.6% |
| Gross operating margin | 9900 | €120,433 | €18,564 | -€101,869 | -84.6% |
| Operating profit (loss) | 9901 | €49,533 | €12,009 | -€37,525 | -75.8% |
| Financial income | 75/76B | €42 | €23 | -€20 | -46.5% |
| Recurring financial income | 75 | €42 | €23 | -€20 | -46.5% |
| Financial charges | 65/66B | €2,110 | €1,286 | -€824 | -39.0% |
| Recurring financial charges | 65 | €2,110 | €1,286 | -€824 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €47,466 | €10,745 | -€36,720 | -77.4% |
| Income taxes | 67/77 | €15,332 | €3,168 | -€12,164 | -79.3% |
| Profit (loss) for the period | 9904 | €32,134 | €7,577 | -€24,557 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,134 | €7,577 | -€24,557 | -76.4% |
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 24 October 2026 via checked.be.