ARLOU & CO: 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
ARLOU & CO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€996,564
2024 · €739,017+€257,548
Equity
€127,912
2024 · €131,348-€3,436
Cash
€36,736
2024 · €38,431-€1,695
Balance sheet total
€238,162
2024 · €574,595-€336,433
Largest movements
Assets
- Receivables within one year -€277,827
down €277,827 (-90.8%), from €306,096 to €28,269
- Tangible fixed assets -€229,591
down €229,591 (-100%), from €229,591 to €0
of which Land and buildings: -€229,591
- Stocks and contracts +€173,157
new in 2025: €173,157
Equity and liabilities
- Short-term financial debts -€380,000
down €380,000 (-100%), from €380,000 to €0
- Current portion of long-term debt +€75,746
up €75,746, from €0 to €75,746
- Trade debts -€53,129
down €53,129 (-88.4%), from €60,082 to €6,954
- Other debts +€27,363
new in 2025: €27,363
Income statement
- Gross operating margin +€429,966
up €429,966 (+47.1%), from €913,291 to €1.3m
- Taxes +€198,146
up €198,146 (+148%), from €134,041 to €332,188
- Depreciation -€36,075
down €36,075 (-100%), from €36,075 to €0
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
€739,017
Gross operating margin
+€429,966
Depreciation
+€36,075
Other operating charges
+€6,491
Other operating items
+€394
Financial income
+€9,817
Financial charges
+€7,646
Taxes
-€198,146
Deferred taxes and other
-€34,697
Result 2025
€996,564
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.1m
Investment
+€229,591
Financing
-€1.3m
Cash 2024
€38,431
From operations (derived)
+€1.1m
Net result for the year
+€996,564
Stocks and contracts
-€173,157
Receivables within one year
+€277,827
Smaller working-capital items
+€666
Trade debts
-€53,129
Other debts
+€27,363
Accrued charges and deferred income
-€3,165
Investment (derived)
+€229,591
Investment in fixed assets (net)
+€229,591
Financing
-€1.3m
Current portion of long-term debt
+€75,746
Short-term financial debts
-€380,000
Contributions, distributions and other
-€1.0m
Cash 2025
€36,736
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €574,595 | €238,162 | -€336,433 | -58.6% |
| Fixed assets | 21/28 | €229,591 | €0 | -€229,591 | -100% |
| Tangible fixed assets | 22/27 | €229,591 | €0 | -€229,591 | -100% |
| Land and buildings | 22 | €229,591 | €0 | -€229,591 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €345,005 | €238,162 | -€106,843 | -31.0% |
| Stocks and contracts in progress | 3 | - | €173,157 | +€173,157 | |
| Stocks | 30/36 | - | €173,157 | +€173,157 | |
| Amounts receivable within one year | 40/41 | €306,096 | €28,269 | -€277,827 | -90.8% |
| Other amounts receivable | 41 | €306,096 | €28,269 | -€277,827 | -90.8% |
| Cash at bank and in hand | 54/58 | €38,431 | €36,736 | -€1,695 | -4.4% |
| Deferred charges and accrued income | 490/1 | €478 | €0 | -€478 | -100% |
| Total equity and liabilities | 10/49 | €574,595 | €238,162 | -€336,433 | -58.6% |
| Equity | 10/15 | €131,348 | €127,912 | -€3,436 | -2.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €111,348 | €107,912 | -€3,436 | -3.1% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €111,348 | €107,912 | -€3,436 | -3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €443,248 | €110,250 | -€332,997 | -75.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €440,082 | €110,250 | -€329,832 | -74.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €75,746 | +€75,746 | |
| Financial debts | 43 | €380,000 | €0 | -€380,000 | -100% |
| Credit institutions | 430/8 | €380,000 | €0 | -€380,000 | -100% |
| Trade debts | 44 | €60,082 | €6,954 | -€53,129 | -88.4% |
| Suppliers | 440/4 | €60,082 | €6,954 | -€53,129 | -88.4% |
| Taxes, remuneration and social security | 45 | €0 | €188 | +€188 | |
| Taxes | 450/3 | €0 | €188 | +€188 | |
| Other amounts payable | 47/48 | - | €27,363 | +€27,363 | |
| Accrued charges and deferred income | 492/3 | €3,165 | €0 | -€3,165 | -100% |
| Non-recurring operating income | 76A | €841,229 | €0 | -€841,229 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,075 | €0 | -€36,075 | -100% |
| Other operating charges | 640/8 | €25,576 | €19,085 | -€6,491 | -25.4% |
| Non-recurring operating charges | 66A | €394 | €0 | -€394 | -100% |
| Gross operating margin | 9900 | €913,291 | €1,343,257 | +€429,966 | +47.1% |
| Operating profit (loss) | 9901 | €851,246 | €1,324,172 | +€472,927 | +55.6% |
| Financial income | 75/76B | €10,452 | €20,269 | +€9,817 | +93.9% |
| Recurring financial income | 75 | €10,452 | €20,269 | +€9,817 | +93.9% |
| Financial charges | 65/66B | €23,336 | €15,690 | -€7,646 | -32.8% |
| Recurring financial charges | 65 | €23,336 | €15,690 | -€7,646 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €838,361 | €1,328,752 | +€490,390 | +58.5% |
| Transfer from deferred taxes | 780 | €34,697 | €0 | -€34,697 | -100% |
| Income taxes | 67/77 | €134,041 | €332,188 | +€198,146 | +148% |
| Profit (loss) for the period | 9904 | €739,017 | €996,564 | +€257,548 | +34.9% |
| Transfer from tax-exempt reserves | 789 | €52,152 | €0 | -€52,152 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €791,169 | €996,564 | +€205,396 | +26.0% |
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 23 October 2026 via checked.be.