ARLETHO: 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.
What changed
ARLETHO
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€138,414
2024 · €61,455-€199,869
Equity
€2.0m
2024 · €2.2m-€138,991
Cash
€899,054
2024 · €1.1m-€159,018
Balance sheet total
€3.3m
2024 · €3.6m-€283,790
Largest movements
Assets
- Cash -€159,018
down €159,018 (-15.0%), from €1.1m to €899,054
mainly Net result for the year (-€138,414) and Debts after one year (-€119,080)
- Tangible fixed assets -€115,192
down €115,192 (-4.9%), from €2.4m to €2.3m
of which Land and buildings: -€105,872
Equity and liabilities
- Profit (loss) carried forward -€129,874
down €129,874, from €995 to -€128,879
- Debts after one year -€119,080
down €119,080 (-10.7%), from €1.1m to €994,897
Income statement
- Gross operating margin -€187,119
down €187,119 (-90.6%), from €206,437 to €19,318
- Financial income -€62,084
down €62,084 (-78.7%), from €78,907 to €16,823
- Taxes -€51,096
down €51,096, from €36,301 to -€14,795
- Other operating charges +€3,462
up €3,462 (+8.7%), from €39,950 to €43,412
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.
Result 2024
€61,455
Gross operating margin
-€187,119
Depreciation
+€1,179
Other operating charges
-€3,462
Financial income
-€62,084
Financial charges
+€521
Taxes
+€51,096
Result 2025
-€138,414
raises the resultlowers the result
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.
From operations
-€16,433
Investment
-€14,468
Financing
-€128,117
Cash 2024
€1.1m
From operations (derived)
-€16,433
Net result for the year
-€138,414
Depreciation
+€129,660
Receivables within one year
+€11,270
Deferred charges and accrued income
-€1,690
Provisions
-€4,400
Tax, wage and social debts
-€14,478
Other debts
+€2,381
Accrued charges and deferred income
-€762
Investment (derived)
-€14,468
Investment in fixed assets (net)
-€14,468
Financing
-€128,117
Debts after one year
-€119,080
Current portion of long-term debt
-€8,460
Contributions, distributions and other
-€577
Cash 2025
€899,054
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,627,597 | €3,343,807 | -€283,790 | -7.8% |
| Fixed assets | 21/28 | €2,397,433 | €2,282,241 | -€115,192 | -4.8% |
| Tangible fixed assets | 22/27 | €2,372,933 | €2,257,741 | -€115,192 | -4.9% |
| Land and buildings | 22 | €2,342,616 | €2,236,744 | -€105,872 | -4.5% |
| Plant, machinery and equipment | 23 | €2,595 | €7,121 | +€4,526 | +174% |
| Furniture and vehicles | 24 | €6,096 | €3,723 | -€2,373 | -38.9% |
| Leasing and similar rights | 25 | €21,626 | €10,153 | -€11,473 | -53.1% |
| Financial fixed assets | 28 | €24,500 | €24,500 | = | 0.0% |
| Current assets | 29/58 | €1,230,164 | €1,061,566 | -€168,598 | -13.7% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €164,080 | €152,810 | -€11,270 | -6.9% |
| Trade receivables | 40 | €30,587 | €20,830 | -€9,757 | -31.9% |
| Other amounts receivable | 41 | €133,493 | €131,980 | -€1,513 | -1.1% |
| Cash at bank and in hand | 54/58 | €1,058,072 | €899,054 | -€159,018 | -15.0% |
| Deferred charges and accrued income | 490/1 | €6,512 | €8,202 | +€1,690 | +26.0% |
| Total equity and liabilities | 10/49 | €3,627,597 | €3,343,807 | -€283,790 | -7.8% |
| Equity | 10/15 | €2,173,074 | €2,034,083 | -€138,991 | -6.4% |
| Contributions | 10/11 | €960,167 | €960,167 | = | 0.0% |
| Reserves | 13 | €1,205,570 | €1,197,030 | -€8,540 | -0.7% |
| Tax-exempt reserves | 132 | €157,024 | €148,484 | -€8,540 | -5.4% |
| Distributable reserves | 133 | €1,048,546 | €1,048,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | €995 | -€128,879 | -€129,874 | |
| Investment grants | 15 | €6,342 | €5,765 | -€577 | -9.1% |
| Provisions and deferred taxes | 16 | €80,894 | €76,494 | -€4,400 | -5.4% |
| Deferred taxes | 168 | €80,894 | €76,494 | -€4,400 | -5.4% |
| Amounts payable | 17/49 | €1,373,629 | €1,233,230 | -€140,399 | -10.2% |
| Amounts payable after more than one year | 17 | €1,113,977 | €994,897 | -€119,080 | -10.7% |
| Financial debts | 170/4 | €1,113,977 | €994,897 | -€119,080 | -10.7% |
| Amounts payable within one year | 42/48 | €256,490 | €235,933 | -€20,557 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €127,540 | €119,080 | -€8,460 | -6.6% |
| Taxes, remuneration and social security | 45 | €21,800 | €7,322 | -€14,478 | -66.4% |
| Taxes | 450/3 | €21,800 | €7,322 | -€14,478 | -66.4% |
| Other amounts payable | 47/48 | €107,150 | €109,531 | +€2,381 | +2.2% |
| Accrued charges and deferred income | 492/3 | €3,162 | €2,400 | -€762 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,839 | €129,660 | -€1,179 | -0.9% |
| Other operating charges | 640/8 | €39,950 | €43,412 | +€3,462 | +8.7% |
| Gross operating margin | 9900 | €206,437 | €19,318 | -€187,119 | -90.6% |
| Operating profit (loss) | 9901 | €35,648 | -€153,754 | -€189,402 | |
| Financial income | 75/76B | €78,907 | €16,823 | -€62,084 | -78.7% |
| Recurring financial income | 75 | €78,907 | €16,823 | -€62,084 | -78.7% |
| Financial charges | 65/66B | €21,199 | €20,678 | -€521 | -2.5% |
| Recurring financial charges | 65 | €21,199 | €20,678 | -€521 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €93,356 | -€157,609 | -€250,965 | |
| Transfer from deferred taxes | 780 | €4,400 | €4,400 | = | 0.0% |
| Income taxes | 67/77 | €36,301 | -€14,795 | -€51,096 | |
| Profit (loss) for the period | 9904 | €61,455 | -€138,414 | -€199,869 | |
| Transfer from tax-exempt reserves | 789 | €8,540 | €8,540 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,995 | -€129,874 | -€199,869 |
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 30 October 2026 via checked.be.