ARNAUD 94: 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.
ARNAUD 94
Largest movements
- Deferred charges and accrued income +€200,263
up €200,263 (+2297.9%), from €8,715 to €208,978
- Cash +€9,850
up €9,850 (+364.3%), from €2,704 to €12,554
mainly Net result for the year (+€165,270) and Tax, wage and social debts (+€49,286)
- Tangible fixed assets -€5,999
down €5,999 (-35.6%), from €16,836 to €10,837
- Profit (loss) carried forward +€165,270
up €165,270 (+20252.2%), from €816 to €166,086
- Tax, wage and social debts +€49,286
up €49,286 (+819.9%), from €6,011 to €55,297
of which Taxes: +€53,286
- Debts after one year -€7,637
no longer reported in 2025 (was €7,637)
- Gross operating margin +€220,342
up €220,342 (+5724.3%), from €3,849 to €224,192
- Taxes +€51,375
up €51,375 (+5638.0%), from €911 to €52,286
- Depreciation +€4,836
up €4,836 (+415.5%), from €1,164 to €5,999
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,255 | €232,640 | +€204,385 | +723.4% |
| Fixed assets | 21/28 | €16,836 | €10,837 | -€5,999 | -35.6% |
| Tangible fixed assets | 22/27 | €16,836 | €10,837 | -€5,999 | -35.6% |
| Furniture and vehicles | 24 | €16,836 | €10,837 | -€5,999 | -35.6% |
| Current assets | 29/58 | €11,419 | €221,803 | +€210,384 | +1842.5% |
| Amounts receivable within one year | 40/41 | - | €271 | +€271 | |
| Trade receivables | 40 | - | €271 | +€271 | |
| Cash at bank and in hand | 54/58 | €2,704 | €12,554 | +€9,850 | +364.3% |
| Deferred charges and accrued income | 490/1 | €8,715 | €208,978 | +€200,263 | +2297.9% |
| Total equity and liabilities | 10/49 | €28,255 | €232,640 | +€204,385 | +723.4% |
| Equity | 10/15 | €3,316 | €168,586 | +€165,270 | +4983.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €816 | €166,086 | +€165,270 | +20252.2% |
| Amounts payable | 17/49 | €24,939 | €64,054 | +€39,115 | +156.8% |
| Amounts payable after more than one year | 17 | €7,637 | - | -€7,637 | |
| Financial debts | 170/4 | €7,637 | - | -€7,637 | |
| Amounts payable within one year | 42/48 | €17,202 | €64,054 | +€46,852 | +272.4% |
| Current portion of amounts payable after more than one year | 42 | €8,906 | €7,637 | -€1,268 | -14.2% |
| Trade debts | 44 | €2,038 | €345 | -€1,694 | -83.1% |
| Suppliers | 440/4 | €2,038 | €345 | -€1,694 | -83.1% |
| Taxes, remuneration and social security | 45 | €6,011 | €55,297 | +€49,286 | +819.9% |
| Taxes | 450/3 | €2,011 | €55,297 | +€53,286 | +2649.4% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €247 | €775 | +€528 | +214.3% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | €5,999 | +€4,836 | +415.5% |
| Other operating charges | 640/8 | €791 | €240 | -€551 | -69.7% |
| Gross operating margin | 9900 | €3,849 | €224,192 | +€220,342 | +5724.3% |
| Operating profit (loss) | 9901 | €1,894 | €217,952 | +€216,058 | +11405.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €167 | €398 | +€231 | +138.0% |
| Recurring financial charges | 65 | €167 | €398 | +€231 | +138.0% |
| Profit (loss) for the period before taxes | 9903 | €1,727 | €217,556 | +€215,828 | +12495.3% |
| Income taxes | 67/77 | €911 | €52,286 | +€51,375 | +5638.0% |
| Profit (loss) for the period | 9904 | €816 | €165,270 | +€164,454 | +20152.2% |
| Profit (loss) for the period to be appropriated | 9905 | €816 | €165,270 | +€164,454 | +20152.2% |
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 3 October 2026 via checked.be.