ARNAUD DESTEXHE: 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 DESTEXHE
Largest movements
- Receivables within one year -€9,783
down €9,783 (-17.5%), from €55,809 to €46,026
of which Other amounts receivable: -€13,032
- Cash -€5,827
down €5,827 (-9.1%), from €63,755 to €57,928
mainly Contributions, distributions and other (-€47,000) and Investment in fixed assets (net) (-€2,878)
- Tangible fixed assets +€2,109
up €2,109 (+183%), from €1,150 to €3,259
of which Plant, machinery and equipment: +€1,611
- Reserves -€27,100
down €27,100 (-32.4%), from €83,560 to €56,460
of which Distributable reserves: -€27,100
- Other debts +€8,275
up €8,275 (+41.9%), from €19,771 to €28,046
- Tax, wage and social debts +€6,335
up €6,335 (+268%), from €2,359 to €8,694
- Gross operating margin -€12,255
down €12,255 (-27.5%), from €44,642 to €32,387
- Taxes -€3,918
down €3,918 (-32.3%), from €12,118 to €8,201
- Financial income -€2,840
down €2,840 (-79.6%), from €3,569 to €729
- Financial charges +€1,943
up €1,943 (+157%), from €1,240 to €3,184
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 | €122,490 | €109,355 | -€13,135 | -10.7% |
| Fixed assets | 21/28 | €1,150 | €3,259 | +€2,109 | +183% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €1,150 | €3,259 | +€2,109 | +183% |
| Plant, machinery and equipment | 23 | €1,150 | €2,761 | +€1,611 | +140% |
| Furniture and vehicles | 24 | - | €498 | +€498 | |
| Current assets | 29/58 | €121,340 | €106,096 | -€15,244 | -12.6% |
| Amounts receivable within one year | 40/41 | €55,809 | €46,026 | -€9,783 | -17.5% |
| Trade receivables | 40 | €37,984 | €41,233 | +€3,249 | +8.6% |
| Other amounts receivable | 41 | €17,825 | €4,794 | -€13,032 | -73.1% |
| Cash at bank and in hand | 54/58 | €63,755 | €57,928 | -€5,827 | -9.1% |
| Deferred charges and accrued income | 490/1 | €1,776 | €2,142 | +€365 | +20.6% |
| Total equity and liabilities | 10/49 | €122,490 | €109,355 | -€13,135 | -10.7% |
| Equity | 10/15 | €96,607 | €69,581 | -€27,026 | -28.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €83,560 | €56,460 | -€27,100 | -32.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,700 | €54,600 | -€27,100 | -33.2% |
| Profit (loss) carried forward | 14 | €647 | €721 | +€74 | +11.5% |
| Amounts payable | 17/49 | €25,883 | €39,774 | +€13,891 | +53.7% |
| Amounts payable within one year | 42/48 | €25,883 | €39,774 | +€13,891 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €1,713 | €1,708 | -€5 | -0.3% |
| Trade debts | 44 | €2,040 | €1,327 | -€713 | -35.0% |
| Suppliers | 440/4 | €2,040 | €1,327 | -€713 | -35.0% |
| Taxes, remuneration and social security | 45 | €2,359 | €8,694 | +€6,335 | +268% |
| Taxes | 450/3 | €2,359 | €8,694 | +€6,335 | +268% |
| Other amounts payable | 47/48 | €19,771 | €28,046 | +€8,275 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €769 | +€419 | +120% |
| Other operating charges | 640/8 | €1,031 | €989 | -€42 | -4.0% |
| Gross operating margin | 9900 | €44,642 | €32,387 | -€12,255 | -27.5% |
| Operating profit (loss) | 9901 | €43,262 | €30,630 | -€12,632 | -29.2% |
| Financial income | 75/76B | €3,569 | €729 | -€2,840 | -79.6% |
| Recurring financial income | 75 | €3,569 | €729 | -€2,840 | -79.6% |
| Financial charges | 65/66B | €1,240 | €3,184 | +€1,943 | +157% |
| Recurring financial charges | 65 | €1,240 | €3,184 | +€1,943 | +157% |
| Profit (loss) for the period before taxes | 9903 | €45,591 | €28,175 | -€17,416 | -38.2% |
| Income taxes | 67/77 | €12,118 | €8,201 | -€3,918 | -32.3% |
| Profit (loss) for the period | 9904 | €33,472 | €19,974 | -€13,498 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,472 | €19,974 | -€13,498 | -40.3% |
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 23 October 2026 via checked.be.