ARNDT Eric: 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.
ARNDT Eric
Largest movements
- Cash +€43,444
up €43,444 (+43.9%), from €98,908 to €142,351
mainly Other debts (+€116,328) and Net result for the year (+€44,393)
- Tangible fixed assets -€21,537
down €21,537 (-23.1%), from €93,302 to €71,765
of which Furniture and vehicles: -€19,335
- Receivables within one year +€12,708
up €12,708 (+531.5%), from €2,391 to €15,099
of which Trade receivables: +€12,851
- Deferred charges and accrued income -€6,919
down €6,919 (-32.9%), from €21,026 to €14,108
- Other debts +€116,328
new in 2025: €116,328
- Reserves -€102,359
no longer reported in 2025 (was €102,359)
- Contributions +€45,859
up €45,859 (+246.7%), from €18,592 to €64,451
- Profit (loss) carried forward -€39,607
down €39,607 (-86.1%), from €46,027 to €6,420
- Tax, wage and social debts +€31,034
up €31,034 (+453.1%), from €6,849 to €37,883
of which Taxes: +€33,682
- Gross operating margin +€65,806
up €65,806 (+45.0%), from €146,384 to €212,190
- Taxes +€17,934
up €17,934 (+11309.6%), from €159 to €18,092
- Staff costs +€5,084
up €5,084 (+4.3%), from €117,355 to €122,438
- Depreciation -€4,726
down €4,726 (-19.5%), from €24,295 to €19,568
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 | €221,882 | €249,102 | +€27,220 | +12.3% |
| Fixed assets | 21/28 | €95,836 | €74,299 | -€21,537 | -22.5% |
| Tangible fixed assets | 22/27 | €93,302 | €71,765 | -€21,537 | -23.1% |
| Land and buildings | 22 | €48,256 | €44,242 | -€4,014 | -8.3% |
| Plant, machinery and equipment | 23 | €14,079 | €15,891 | +€1,812 | +12.9% |
| Furniture and vehicles | 24 | €30,967 | €11,632 | -€19,335 | -62.4% |
| Financial fixed assets | 28 | €2,534 | €2,534 | = | 0.0% |
| Current assets | 29/58 | €126,046 | €174,804 | +€48,757 | +38.7% |
| Stocks and contracts in progress | 3 | €3,721 | €3,245 | -€476 | -12.8% |
| Stocks | 30/36 | €3,721 | €3,245 | -€476 | -12.8% |
| Amounts receivable within one year | 40/41 | €2,391 | €15,099 | +€12,708 | +531.5% |
| Trade receivables | 40 | €2,149 | €15,000 | +€12,851 | +598.0% |
| Other amounts receivable | 41 | €242 | €99 | -€143 | -59.0% |
| Cash at bank and in hand | 54/58 | €98,908 | €142,351 | +€43,444 | +43.9% |
| Deferred charges and accrued income | 490/1 | €21,026 | €14,108 | -€6,919 | -32.9% |
| Total equity and liabilities | 10/49 | €221,882 | €249,102 | +€27,220 | +12.3% |
| Equity | 10/15 | €166,978 | €70,871 | -€96,107 | -57.6% |
| Contributions | 10/11 | €18,592 | €64,451 | +€45,859 | +246.7% |
| Reserves | 13 | €102,359 | - | -€102,359 | |
| Distributable reserves | 133 | €102,359 | - | -€102,359 | |
| Profit (loss) carried forward | 14 | €46,027 | €6,420 | -€39,607 | -86.1% |
| Amounts payable | 17/49 | €54,904 | €178,231 | +€123,327 | +224.6% |
| Amounts payable after more than one year | 17 | €20,470 | €6,134 | -€14,336 | -70.0% |
| Financial debts | 170/4 | €20,470 | €6,134 | -€14,336 | -70.0% |
| Amounts payable within one year | 42/48 | €34,434 | €169,847 | +€135,413 | +393.3% |
| Current portion of amounts payable after more than one year | 42 | €13,864 | €14,336 | +€472 | +3.4% |
| Trade debts | 44 | €13,722 | €1,301 | -€12,421 | -90.5% |
| Suppliers | 440/4 | €13,722 | €1,301 | -€12,421 | -90.5% |
| Taxes, remuneration and social security | 45 | €6,849 | €37,883 | +€31,034 | +453.1% |
| Taxes | 450/3 | €1,648 | €35,330 | +€33,682 | +2043.4% |
| Remuneration and social security | 454/9 | €5,200 | €2,553 | -€2,647 | -50.9% |
| Other amounts payable | 47/48 | - | €116,328 | +€116,328 | |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Remuneration, social security and pensions | 62 | €117,355 | €122,438 | +€5,084 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,295 | €19,568 | -€4,726 | -19.5% |
| Other operating charges | 640/8 | €5,215 | €5,511 | +€296 | +5.7% |
| Gross operating margin | 9900 | €146,384 | €212,190 | +€65,806 | +45.0% |
| Operating profit (loss) | 9901 | -€480 | €64,673 | +€65,153 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,929 | €2,188 | -€741 | -25.3% |
| Recurring financial charges | 65 | €2,929 | €2,188 | -€741 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,410 | €62,485 | +€65,895 | |
| Income taxes | 67/77 | €159 | €18,092 | +€17,934 | +11309.6% |
| Profit (loss) for the period | 9904 | -€3,568 | €44,393 | +€47,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,568 | €44,393 | +€47,961 |
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 30 September 2026 via checked.be.