ARNAUD DAMANET: 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.
ARNAUD DAMANET
Largest movements
- Receivables within one year -€32,333
down €32,333 (-40.7%), from €79,536 to €47,203
- Financial fixed assets +€30,000
new in 2025: €30,000
- Cash -€8,426
down €8,426 (-37.7%), from €22,357 to €13,932
mainly Contributions, distributions and other (-€50,000) and Investment in fixed assets (net) (-€30,000)
- Deferred charges and accrued income -€3,613
down €3,613 (-40.9%), from €8,828 to €5,215
- Profit (loss) carried forward -€36,428
down €36,428 (-38.9%), from €93,569 to €57,141
- Tax, wage and social debts +€19,613
up €19,613 (+143%), from €13,741 to €33,353
of which Taxes: +€19,613
- Accrued charges and deferred income +€1,643
new in 2025: €1,643
- Gross operating margin -€13,751
down €13,751 (-34.0%), from €40,486 to €26,735
- Financial income -€3,368
down €3,368 (-100%), from €3,368 to €0
- Taxes +€1,710
up €1,710 (+16.3%), from €10,472 to €12,183
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 | €111,265 | €96,350 | -€14,915 | -13.4% |
| Fixed assets | 21/28 | €543 | €30,000 | +€29,457 | +5,421% |
| Tangible fixed assets | 22/27 | €543 | €0 | -€543 | -100% |
| Furniture and vehicles | 24 | €543 | €0 | -€543 | -100% |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €110,721 | €66,350 | -€44,372 | -40.1% |
| Amounts receivable within one year | 40/41 | €79,536 | €47,203 | -€32,333 | -40.7% |
| Other amounts receivable | 41 | €79,536 | €47,203 | -€32,333 | -40.7% |
| Cash at bank and in hand | 54/58 | €22,357 | €13,932 | -€8,426 | -37.7% |
| Deferred charges and accrued income | 490/1 | €8,828 | €5,215 | -€3,613 | -40.9% |
| Total equity and liabilities | 10/49 | €111,265 | €96,350 | -€14,915 | -13.4% |
| Equity | 10/15 | €96,569 | €60,141 | -€36,428 | -37.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,569 | €57,141 | -€36,428 | -38.9% |
| Amounts payable | 17/49 | €14,695 | €36,209 | +€21,513 | +146% |
| Amounts payable within one year | 42/48 | €14,695 | €34,566 | +€19,871 | +135% |
| Trade debts | 44 | €769 | €1,027 | +€258 | +33.5% |
| Suppliers | 440/4 | €769 | €1,027 | +€258 | +33.5% |
| Taxes, remuneration and social security | 45 | €13,741 | €33,353 | +€19,613 | +143% |
| Taxes | 450/3 | €11,841 | €31,453 | +€19,613 | +166% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €186 | €186 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,643 | +€1,643 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593 | €543 | -€49 | -8.3% |
| Other operating charges | 640/8 | €0 | €140 | +€140 | |
| Gross operating margin | 9900 | €40,486 | €26,735 | -€13,751 | -34.0% |
| Operating profit (loss) | 9901 | €39,894 | €26,052 | -€13,842 | -34.7% |
| Financial income | 75/76B | €3,368 | €0 | -€3,368 | -100% |
| Recurring financial income | 75 | €3,368 | €0 | -€3,368 | -100% |
| Financial charges | 65/66B | €256 | €298 | +€42 | +16.3% |
| Recurring financial charges | 65 | €256 | €298 | +€42 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €43,005 | €25,754 | -€17,251 | -40.1% |
| Income taxes | 67/77 | €10,472 | €12,183 | +€1,710 | +16.3% |
| Profit (loss) for the period | 9904 | €32,533 | €13,572 | -€18,961 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,533 | €13,572 | -€18,961 | -58.3% |
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 28 October 2026 via checked.be.