Arlini: 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.
Arlini
Largest movements
- Stocks and contracts +€1.7m
up €1.7m (+117.3%), from €1.5m to €3.2m
- Cash +€184,040
up €184,040 (+217.0%), from €84,802 to €268,842
mainly Debts after one year (+€1.2m) and Other debts (+€625,000)
- Debts after one year +€1.2m
up €1.2m (+123.6%), from €957,926 to €2.1m
- Other debts +€625,000
new in 2025: €625,000
- Trade debts +€54,109
up €54,109 (+72.9%), from €74,198 to €128,307
- Gross operating margin +€78,280
up €78,280 (+3828.3%), from €2,045 to €80,325
- Financial charges +€74,758
up €74,758 (+910.4%), from €8,212 to €82,969
- Other operating charges +€3,487
up €3,487 (+444.6%), from €784 to €4,271
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 | €1,542,614 | €3,434,207 | +€1.9m | +122.6% |
| Fixed assets | 21/28 | €2,574 | €539 | -€2,035 | -79.1% |
| Tangible fixed assets | 22/27 | €2,574 | €539 | -€2,035 | -79.1% |
| Plant, machinery and equipment | 23 | €2,574 | €539 | -€2,035 | -79.1% |
| Current assets | 29/58 | €1,540,041 | €3,433,668 | +€1.9m | +123.0% |
| Stocks and contracts in progress | 3 | €1,455,170 | €3,162,373 | +€1.7m | +117.3% |
| Stocks | 30/36 | €1,455,170 | €3,162,373 | +€1.7m | +117.3% |
| Amounts receivable within one year | 40/41 | - | €732 | +€732 | |
| Trade receivables | 40 | - | €732 | +€732 | |
| Cash at bank and in hand | 54/58 | €84,802 | €268,842 | +€184,040 | +217.0% |
| Deferred charges and accrued income | 490/1 | €69 | €1,722 | +€1,653 | +2412.1% |
| Total equity and liabilities | 10/49 | €1,542,614 | €3,434,207 | +€1.9m | +122.6% |
| Equity | 10/15 | €504,422 | €495,470 | -€8,951 | -1.8% |
| Contributions | 10/11 | €1,079,472 | €1,079,472 | = | 0.0% |
| Capital | 10 | €1,079,472 | €1,079,472 | = | 0.0% |
| Issued capital | 100 | €1,079,472 | €1,079,472 | = | 0.0% |
| Reserves | 13 | €17,665 | €17,665 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,732 | €6,732 | = | 0.0% |
| Legal reserve | 130 | €6,732 | €6,732 | = | 0.0% |
| Distributable reserves | 133 | €10,932 | €10,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€592,715 | -€601,666 | -€8,951 | -1.5% |
| Amounts payable | 17/49 | €1,038,193 | €2,938,736 | +€1.9m | +183.1% |
| Amounts payable after more than one year | 17 | €957,926 | €2,141,538 | +€1.2m | +123.6% |
| Financial debts | 170/4 | €957,926 | €2,141,538 | +€1.2m | +123.6% |
| Amounts payable within one year | 42/48 | €77,551 | €774,873 | +€697,322 | +899.2% |
| Trade debts | 44 | €74,198 | €128,307 | +€54,109 | +72.9% |
| Suppliers | 440/4 | €74,198 | €128,307 | +€54,109 | +72.9% |
| Taxes, remuneration and social security | 45 | €3,353 | €21,566 | +€18,213 | +543.2% |
| Taxes | 450/3 | €3,353 | €21,566 | +€18,213 | +543.2% |
| Other amounts payable | 47/48 | - | €625,000 | +€625,000 | |
| Accrued charges and deferred income | 492/3 | €2,717 | €22,325 | +€19,608 | +721.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,525 | €2,035 | -€490 | -19.4% |
| Other operating charges | 640/8 | €784 | €4,271 | +€3,487 | +444.6% |
| Gross operating margin | 9900 | €2,045 | €80,325 | +€78,280 | +3828.3% |
| Operating profit (loss) | 9901 | -€1,265 | €74,018 | +€75,283 | |
| Financial charges | 65/66B | €8,212 | €82,969 | +€74,758 | +910.4% |
| Recurring financial charges | 65 | €8,212 | €82,969 | +€74,758 | +910.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,477 | -€8,951 | +€525 | +5.5% |
| Profit (loss) for the period | 9904 | -€9,477 | -€8,951 | +€525 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,477 | -€8,951 | +€525 | +5.5% |
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 30 September 2026 via checked.be.