ARLO MANAGEMENT: 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.
ARLO MANAGEMENT
Largest movements
- Cash -€126,149
down €126,149 (-84.0%), from €150,223 to €24,074
mainly Contributions, distributions and other (-€226,328) and Debts after one year (-€106,178)
- Receivables after one year +€40,000
new in 2025: €40,000
- Current investments +€29,997
up €29,997, from €0 to €29,997
- Debts after one year -€106,178
down €106,178 (-13.9%), from €764,136 to €657,958
- Other debts +€52,606
up €52,606 (+9.0%), from €584,327 to €636,933
- Financial income -€20,754
down €20,754 (-7.4%), from €281,114 to €260,360
- Gross operating margin -€11,925
down €11,925, from €2,086 to -€9,839
- Financial charges -€5,565
down €5,565 (-22.6%), from €24,634 to €19,069
- Taxes +€2,486
up €2,486 (+433%), from €574 to €3,060
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 | €1,624,968 | €1,567,679 | -€57,288 | -3.5% |
| Formation expenses | 20 | €247 | €0 | -€247 | -100% |
| Fixed assets | 21/28 | €1,472,712 | €1,473,608 | +€897 | +0.1% |
| Tangible fixed assets | 22/27 | €981 | €1,878 | +€897 | +91.3% |
| Furniture and vehicles | 24 | €981 | €1,878 | +€897 | +91.3% |
| Financial fixed assets | 28 | €1,471,730 | €1,471,730 | = | 0.0% |
| Current assets | 29/58 | €152,009 | €94,071 | -€57,938 | -38.1% |
| Amounts receivable after more than one year | 29 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | - | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €1,786 | €0 | -€1,786 | -100% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €1,786 | - | -€1,786 | |
| Current investments | 50/53 | €0 | €29,997 | +€29,997 | |
| Cash at bank and in hand | 54/58 | €150,223 | €24,074 | -€126,149 | -84.0% |
| Total equity and liabilities | 10/49 | €1,624,968 | €1,567,679 | -€57,288 | -3.5% |
| Equity | 10/15 | €163,640 | €163,640 | = | 0.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Contributions outside capital | 11 | €60,000 | €60,000 | = | 0.0% |
| Other | 1109/19 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €103,640 | €103,640 | = | 0.0% |
| Distributable reserves | 133 | €103,640 | €103,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,461,328 | €1,404,040 | -€57,288 | -3.9% |
| Amounts payable after more than one year | 17 | €764,136 | €657,958 | -€106,178 | -13.9% |
| Financial debts | 170/4 | €764,136 | €657,958 | -€106,178 | -13.9% |
| Amounts payable within one year | 42/48 | €697,192 | €746,081 | +€48,889 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €103,870 | €106,178 | +€2,308 | +2.2% |
| Trade debts | 44 | €968 | €521 | -€446 | -46.1% |
| Suppliers | 440/4 | €968 | €521 | -€446 | -46.1% |
| Taxes, remuneration and social security | 45 | €8,028 | €2,449 | -€5,578 | -69.5% |
| Taxes | 450/3 | €8,028 | €2,449 | -€5,578 | -69.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €584,327 | €636,933 | +€52,606 | +9.0% |
| Non-recurring operating income | 76A | €14,418 | - | -€14,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €1,065 | +€76 | +7.6% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €2,086 | -€9,839 | -€11,925 | |
| Operating profit (loss) | 9901 | €129 | -€11,903 | -€12,032 | |
| Financial income | 75/76B | €281,114 | €260,360 | -€20,754 | -7.4% |
| Recurring financial income | 75 | €281,114 | €260,360 | -€20,754 | -7.4% |
| Financial charges | 65/66B | €24,634 | €19,069 | -€5,565 | -22.6% |
| Recurring financial charges | 65 | €24,634 | €19,069 | -€5,565 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €256,610 | €229,388 | -€27,221 | -10.6% |
| Income taxes | 67/77 | €574 | €3,060 | +€2,486 | +433% |
| Profit (loss) for the period | 9904 | €256,035 | €226,328 | -€29,707 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €256,035 | €226,328 | -€29,707 | -11.6% |
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 17 October 2026 via checked.be.