ARN MED: 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.
ARN MED
Largest movements
- Tangible fixed assets +€53,016
up €53,016 (+158%), from €33,469 to €86,484
of which Furniture and vehicles: +€55,827
- Cash +€12,384
up €12,384 (+31.9%), from €38,872 to €51,256
mainly Net result for the year (+€32,228) and Debts after one year (+€30,888)
- Receivables within one year +€8,034
up €8,034 (+51.4%), from €15,617 to €23,651
of which Trade receivables: +€7,227
- Current investments +€6,023
up €6,023 (+241%), from €2,500 to €8,523
- Profit (loss) carried forward +€32,228
up €32,228 (+66.8%), from €48,272 to €80,499
- Debts after one year +€30,888
up €30,888 (+311%), from €9,933 to €40,821
- Current portion of long-term debt +€22,052
up €22,052 (+194%), from €11,385 to €33,437
- Tax, wage and social debts -€4,423
down €4,423 (-25.7%), from €17,237 to €12,814
of which Remuneration and social security: -€4,273
- Gross operating margin -€4,935
down €4,935 (-5.5%), from €89,952 to €85,017
- Other operating charges +€2,433
up €2,433 (+460%), from €528 to €2,961
- Taxes -€1,797
down €1,797 (-13.9%), from €12,907 to €11,110
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 | €90,958 | €170,845 | +€79,887 | +87.8% |
| Fixed assets | 21/28 | €33,469 | €86,484 | +€53,016 | +158% |
| Tangible fixed assets | 22/27 | €33,469 | €86,484 | +€53,016 | +158% |
| Furniture and vehicles | 24 | €20,940 | €76,767 | +€55,827 | +267% |
| Other tangible fixed assets | 26 | €12,529 | €9,718 | -€2,811 | -22.4% |
| Current assets | 29/58 | €57,489 | €84,361 | +€26,872 | +46.7% |
| Amounts receivable within one year | 40/41 | €15,617 | €23,651 | +€8,034 | +51.4% |
| Trade receivables | 40 | €15,524 | €22,751 | +€7,227 | +46.6% |
| Other amounts receivable | 41 | €93 | €900 | +€807 | +868% |
| Current investments | 50/53 | €2,500 | €8,523 | +€6,023 | +241% |
| Cash at bank and in hand | 54/58 | €38,872 | €51,256 | +€12,384 | +31.9% |
| Deferred charges and accrued income | 490/1 | €500 | €931 | +€431 | +86.2% |
| Total equity and liabilities | 10/49 | €90,958 | €170,845 | +€79,887 | +87.8% |
| Equity | 10/15 | €51,272 | €83,499 | +€32,228 | +62.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,272 | €80,499 | +€32,228 | +66.8% |
| Amounts payable | 17/49 | €39,686 | €87,346 | +€47,659 | +120% |
| Amounts payable after more than one year | 17 | €9,933 | €40,821 | +€30,888 | +311% |
| Financial debts | 170/4 | €9,933 | €40,821 | +€30,888 | +311% |
| Amounts payable within one year | 42/48 | €29,753 | €46,524 | +€16,771 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | €11,385 | €33,437 | +€22,052 | +194% |
| Trade debts | 44 | €1,131 | €273 | -€858 | -75.8% |
| Suppliers | 440/4 | €1,131 | €273 | -€858 | -75.8% |
| Taxes, remuneration and social security | 45 | €17,237 | €12,814 | -€4,423 | -25.7% |
| Taxes | 450/3 | €9,556 | €9,406 | -€150 | -1.6% |
| Remuneration and social security | 454/9 | €7,681 | €3,408 | -€4,273 | -55.6% |
| Remuneration, social security and pensions | 62 | €21,349 | €20,988 | -€361 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,928 | €13,577 | +€649 | +5.0% |
| Other operating charges | 640/8 | €528 | €2,961 | +€2,433 | +460% |
| Non-recurring operating charges | 66A | - | €2,592 | +€2,592 | |
| Gross operating margin | 9900 | €89,952 | €85,017 | -€4,935 | -5.5% |
| Operating profit (loss) | 9901 | €55,148 | €44,899 | -€10,249 | -18.6% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €1,376 | €1,594 | +€218 | +15.8% |
| Recurring financial charges | 65 | €1,376 | €1,594 | +€218 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €53,771 | €43,338 | -€10,434 | -19.4% |
| Income taxes | 67/77 | €12,907 | €11,110 | -€1,797 | -13.9% |
| Profit (loss) for the period | 9904 | €40,864 | €32,228 | -€8,636 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,864 | €32,228 | -€8,636 | -21.1% |
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 19 October 2026 via checked.be.