ARLU: 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.
What changed
ARLU
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.4m
2024 · €5.7m-€296,132
Equity
€37.2m
2024 · €31.8m+€5.4m
Cash
€2.3m
2024 · €2.0m+€269,281
Balance sheet total
€39.7m
2024 · €34.4m+€5.4m
Largest movements
Assets
- Current investments +€6.0m
up €6.0m (+44.4%), from €13.5m to €19.5m
- Stocks and contracts -€1.1m
down €1.1m (-11.2%), from €10.2m to €9.0m
Equity and liabilities
- Reserves +€5.4m
up €5.4m (+17.8%), from €30.2m to €35.6m
of which Distributable reserves: +€5.9m
Income statement
- Goods and materials -€1.1m
down €1.1m (-9.4%), from €11.5m to €10.4m
of which Change in stocks: decrease (increase): -€864,303
- Turnover -€1.0m
down €1.0m (-3.2%), from €31.2m to €30.2m
- Write-downs +€573,364
up €573,364, from -€255,203 to €318,161
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
€5.7m
Turnover
-€1.0m
Other operating income
-€5,589
Goods and materials
+€1.1m
Services and other goods
-€138,256
Staff costs
-€97,474
Depreciation
+€84,026
Write-downs
-€573,364
Other operating charges
-€14,139
Other operating items
+€140,928
Financial income
+€158,065
Financial charges
-€167,307
Taxes
+€230,565
Result 2025
€5.4m
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.
From operations
+€6.9m
Investment
-€6.6m
Financing
-€1,859
Cash 2024
€2.0m
From operations (derived)
+€6.9m
Net result for the year
+€5.4m
Depreciation
+€773,512
Stocks and contracts
+€1.1m
Receivables within one year
-€334,147
Deferred charges and accrued income
-€57,932
Trade debts
+€100,318
Tax, wage and social debts
-€87,709
Other debts
-€1,500
Accrued charges and deferred income
-€33,798
Investment (derived)
-€6.6m
Investment in fixed assets (net)
-€598,481
Current investments
-€6.0m
Financing
-€1,859
Contributions, distributions and other
-€1,859
Cash 2025
€2.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,354,171 | €39,707,409 | +€5.4m | +15.6% |
| Fixed assets | 21/28 | €2,433,723 | €2,258,693 | -€175,031 | -7.2% |
| Intangible fixed assets | 21 | €435,609 | €248,015 | -€187,594 | -43.1% |
| Tangible fixed assets | 22/27 | €1,997,439 | €2,010,002 | +€12,563 | +0.6% |
| Plant, machinery and equipment | 23 | €1,424,379 | €1,313,691 | -€110,688 | -7.8% |
| Furniture and vehicles | 24 | €564,070 | €689,597 | +€125,527 | +22.3% |
| Other tangible fixed assets | 26 | €8,990 | €6,714 | -€2,276 | -25.3% |
| Financial fixed assets | 28 | €676 | €676 | = | 0.0% |
| Other financial fixed assets | 284/8 | €676 | €676 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €676 | €676 | = | 0.0% |
| Current assets | 29/58 | €31,920,447 | €37,448,716 | +€5.5m | +17.3% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,155,215 | €9,022,124 | -€1.1m | -11.2% |
| Stocks | 30/36 | €10,155,215 | €9,022,124 | -€1.1m | -11.2% |
| Raw materials and consumables | 30/31 | €3,945,920 | €3,705,219 | -€240,700 | -6.1% |
| Work in progress | 32 | €1,570,636 | €1,486,459 | -€84,177 | -5.4% |
| Finished goods | 33 | €4,537,355 | €3,751,141 | -€786,214 | -17.3% |
| Goods purchased for resale | 34 | €101,305 | €79,305 | -€22,000 | -21.7% |
| Amounts receivable within one year | 40/41 | €5,441,054 | €5,775,201 | +€334,147 | +6.1% |
| Trade receivables | 40 | €5,387,862 | €5,575,181 | +€187,319 | +3.5% |
| Other amounts receivable | 41 | €53,192 | €200,020 | +€146,828 | +276.0% |
| Current investments | 50/53 | €13,500,000 | €19,500,000 | +€6.0m | +44.4% |
| Other investments | 51/53 | €13,500,000 | €19,500,000 | +€6.0m | +44.4% |
| Cash at bank and in hand | 54/58 | €1,992,456 | €2,261,737 | +€269,281 | +13.5% |
| Deferred charges and accrued income | 490/1 | €331,722 | €389,654 | +€57,932 | +17.5% |
| Total equity and liabilities | 10/49 | €34,354,171 | €39,707,409 | +€5.4m | +15.6% |
| Equity | 10/15 | €31,798,577 | €37,174,504 | +€5.4m | +16.9% |
| Contributions | 10/11 | €1,553,424 | €1,553,424 | = | 0.0% |
| Capital | 10 | €1,553,424 | €1,553,424 | = | 0.0% |
| Issued capital | 100 | €1,553,424 | €1,553,424 | = | 0.0% |
| Reserves | 13 | €30,235,228 | €35,613,014 | +€5.4m | +17.8% |
| Non-distributable reserves | 130/1 | €155,342 | €155,342 | = | 0.0% |
| Legal reserve | 130 | €155,342 | €155,342 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,981,692 | €3,508,192 | -€473,500 | -11.9% |
| Distributable reserves | 133 | €26,098,193 | €31,949,479 | +€5.9m | +22.4% |
| Investment grants | 15 | €9,924 | €8,066 | -€1,859 | -18.7% |
| Amounts payable | 17/49 | €2,555,594 | €2,532,905 | -€22,689 | -0.9% |
| Amounts payable within one year | 42/48 | €2,494,164 | €2,505,272 | +€11,108 | +0.4% |
| Trade debts | 44 | €1,486,644 | €1,586,962 | +€100,318 | +6.7% |
| Suppliers | 440/4 | €1,486,644 | €1,586,962 | +€100,318 | +6.7% |
| Taxes, remuneration and social security | 45 | €1,006,019 | €918,310 | -€87,709 | -8.7% |
| Taxes | 450/3 | €363,228 | €265,848 | -€97,379 | -26.8% |
| Remuneration and social security | 454/9 | €642,792 | €652,462 | +€9,670 | +1.5% |
| Other amounts payable | 47/48 | €1,500 | €0 | -€1,500 | -100.0% |
| Accrued charges and deferred income | 492/3 | €61,431 | €27,633 | -€33,798 | -55.0% |
| Operating income | 70/76A | €30,701,481 | €29,834,895 | -€866,586 | -2.8% |
| Turnover | 70 | €31,235,550 | €30,233,625 | -€1.0m | -3.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€770,013 | -€629,085 | +€140,928 | +18.3% |
| Other operating income | 74 | €235,945 | €230,355 | -€5,589 | -2.4% |
| Operating charges | 60/66A | €23,957,800 | €23,608,669 | -€349,131 | -1.5% |
| Goods for resale, raw materials and consumables | 60 | €11,524,552 | €10,436,214 | -€1.1m | -9.4% |
| Purchases | 600/8 | €10,463,495 | €10,239,459 | -€224,036 | -2.1% |
| Change in stocks: decrease (increase) | 609 | €1,061,057 | €196,754 | -€864,303 | -81.5% |
| Services and other goods | 61 | €6,108,594 | €6,246,850 | +€138,256 | +2.3% |
| Remuneration, social security and pensions | 62 | €5,623,874 | €5,721,348 | +€97,474 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €857,538 | €773,512 | -€84,026 | -9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€255,203 | €318,161 | +€573,364 | |
| Other operating charges | 640/8 | €98,445 | €112,584 | +€14,139 | +14.4% |
| Operating profit (loss) | 9901 | €6,743,682 | €6,226,227 | -€517,455 | -7.7% |
| Financial income | 75/76B | €530,596 | €688,660 | +€158,065 | +29.8% |
| Recurring financial income | 75 | €530,596 | €688,660 | +€158,065 | +29.8% |
| Income from current assets | 751 | €380,065 | €494,943 | +€114,879 | +30.2% |
| Other financial income | 752/9 | €150,531 | €193,717 | +€43,186 | +28.7% |
| Financial charges | 65/66B | €120,483 | €287,790 | +€167,307 | +138.9% |
| Recurring financial charges | 65 | €120,483 | €287,790 | +€167,307 | +138.9% |
| Debt charges | 650 | €160 | €214 | +€54 | +34.1% |
| Other financial charges | 652/9 | €120,324 | €287,576 | +€167,252 | +139.0% |
| Profit (loss) for the period before taxes | 9903 | €7,153,794 | €6,627,097 | -€526,697 | -7.4% |
| Income taxes | 67/77 | €1,479,876 | €1,249,311 | -€230,565 | -15.6% |
| Taxes | 670/3 | €1,481,620 | €1,249,311 | -€232,309 | -15.7% |
| Tax adjustments and reversals of tax provisions | 77 | €1,744 | €0 | -€1,744 | -100.0% |
| Profit (loss) for the period | 9904 | €5,673,918 | €5,377,786 | -€296,132 | -5.2% |
| Transfer from tax-exempt reserves | 789 | €408,256 | €1,473,500 | +€1.1m | +260.9% |
| Transfer to tax-exempt reserves | 689 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,082,173 | €5,851,286 | +€769,113 | +15.1% |
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 4 October 2026 via checked.be.