ARNAGA: 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.
ARNAGA
Largest movements
- Tangible fixed assets +€199,059
up €199,059 (+43.0%), from €462,583 to €661,642
of which Land and buildings: +€214,009
- Cash -€156,267
down €156,267 (-88.8%), from €176,070 to €19,803
mainly Investment in fixed assets (net) (-€225,312) and Trade debts (-€89,519)
- Receivables within one year +€53,186
up €53,186 (+91.0%), from €58,477 to €111,662
of which Trade receivables: +€82,676
- Stocks and contracts +€20,000
up €20,000 (+23.8%), from €83,949 to €103,949
- Debts after one year +€183,491
up €183,491 (+1,657%), from €11,072 to €194,563
- Trade debts -€89,519
down €89,519 (-37.5%), from €238,977 to €149,457
- Revaluation surpluses +€20,000
up €20,000 (+6.0%), from €332,000 to €352,000
- Current portion of long-term debt -€18,440
down €18,440 (-12.2%), from €150,872 to €132,431
- Tax, wage and social debts +€11,423
up €11,423 (+82.0%), from €13,927 to €25,350
of which Remuneration and social security: +€18,748
- Gross operating margin +€81,218
up €81,218 (+107%), from €75,994 to €157,212
- Staff costs +€42,211
up €42,211 (+87.5%), from €48,225 to €90,436
- Taxes +€10,233
up €10,233 (+110%), from €9,294 to €19,527
- Financial charges +€6,950
up €6,950 (+57.7%), from €12,052 to €19,002
- Depreciation +€4,106
up €4,106 (+18.1%), from €22,717 to €26,823
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €789,667 | €900,544 | +€110,878 | +14.0% |
| Fixed assets | 21/28 | €463,837 | €662,326 | +€198,489 | +42.8% |
| Intangible fixed assets | 21 | €1,154 | €584 | -€570 | -49.4% |
| Tangible fixed assets | 22/27 | €462,583 | €661,642 | +€199,059 | +43.0% |
| Land and buildings | 22 | €435,112 | €649,120 | +€214,009 | +49.2% |
| Furniture and vehicles | 24 | €27,471 | €12,522 | -€14,949 | -54.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €325,830 | €238,218 | -€87,612 | -26.9% |
| Stocks and contracts in progress | 3 | €83,949 | €103,949 | +€20,000 | +23.8% |
| Stocks | 30/36 | €83,949 | €103,949 | +€20,000 | +23.8% |
| Amounts receivable within one year | 40/41 | €58,477 | €111,662 | +€53,186 | +91.0% |
| Trade receivables | 40 | €13,398 | €96,074 | +€82,676 | +617% |
| Other amounts receivable | 41 | €45,079 | €15,588 | -€29,490 | -65.4% |
| Cash at bank and in hand | 54/58 | €176,070 | €19,803 | -€156,267 | -88.8% |
| Deferred charges and accrued income | 490/1 | €7,333 | €2,803 | -€4,530 | -61.8% |
| Total equity and liabilities | 10/49 | €789,667 | €900,544 | +€110,878 | +14.0% |
| Equity | 10/15 | €374,819 | €392,556 | +€17,736 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €332,000 | €352,000 | +€20,000 | +6.0% |
| Profit (loss) carried forward | 14 | €24,219 | €21,956 | -€2,264 | -9.3% |
| Amounts payable | 17/49 | €414,847 | €507,988 | +€93,141 | +22.5% |
| Amounts payable after more than one year | 17 | €11,072 | €194,563 | +€183,491 | +1,657% |
| Financial debts | 170/4 | €11,072 | €194,563 | +€183,491 | +1,657% |
| Amounts payable within one year | 42/48 | €403,775 | €313,426 | -€90,350 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €150,872 | €132,431 | -€18,440 | -12.2% |
| Trade debts | 44 | €238,977 | €149,457 | -€89,519 | -37.5% |
| Suppliers | 440/4 | €238,977 | €149,457 | -€89,519 | -37.5% |
| Taxes, remuneration and social security | 45 | €13,927 | €25,350 | +€11,423 | +82.0% |
| Taxes | 450/3 | €7,325 | - | -€7,325 | |
| Remuneration and social security | 454/9 | €6,602 | €25,350 | +€18,748 | +284% |
| Other amounts payable | 47/48 | - | €6,187 | +€6,187 | |
| Remuneration, social security and pensions | 62 | €48,225 | €90,436 | +€42,211 | +87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,717 | €26,823 | +€4,106 | +18.1% |
| Other operating charges | 640/8 | €3,489 | €3,730 | +€240 | +6.9% |
| Gross operating margin | 9900 | €75,994 | €157,212 | +€81,218 | +107% |
| Operating profit (loss) | 9901 | €1,563 | €36,224 | +€34,661 | +2,218% |
| Financial income | 75/76B | €31 | €41 | +€10 | +33.0% |
| Recurring financial income | 75 | €31 | €41 | +€10 | +33.0% |
| Financial charges | 65/66B | €12,052 | €19,002 | +€6,950 | +57.7% |
| Recurring financial charges | 65 | €12,052 | €19,002 | +€6,950 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,459 | €17,263 | +€27,722 | |
| Income taxes | 67/77 | €9,294 | €19,527 | +€10,233 | +110% |
| Profit (loss) for the period | 9904 | -€19,753 | -€2,264 | +€17,489 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,753 | -€2,264 | +€17,489 | +88.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.