ARNECO: 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.
ARNECO
Largest movements
- Tangible fixed assets -€92,535
down €92,535 (-7.0%), from €1.3m to €1.2m
of which Land and buildings: -€62,371
- Receivables within one year -€17,827
down €17,827 (-46.3%), from €38,482 to €20,654
of which Trade receivables: -€33,653
- Other debts -€135,116
down €135,116 (-23.9%), from €564,525 to €429,409
- Reserves +€39,005
up €39,005 (+5.9%), from €659,006 to €698,011
of which Distributable reserves: +€39,005
- Gross operating margin -€52,985
down €52,985 (-19.0%), from €278,265 to €225,279
- Taxes -€15,525
down €15,525 (-52.0%), from €29,871 to €14,346
- Depreciation +€10,563
up €10,563 (+11.4%), from €92,583 to €103,146
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 | €1,366,809 | €1,265,394 | -€101,415 | -7.4% |
| Fixed assets | 21/28 | €1,326,071 | €1,233,535 | -€92,535 | -7.0% |
| Tangible fixed assets | 22/27 | €1,326,021 | €1,233,485 | -€92,535 | -7.0% |
| Land and buildings | 22 | €1,215,295 | €1,152,924 | -€62,371 | -5.1% |
| Plant, machinery and equipment | 23 | €2,972 | €1,257 | -€1,715 | -57.7% |
| Furniture and vehicles | 24 | €107,754 | €79,304 | -€28,449 | -26.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €40,738 | €31,859 | -€8,879 | -21.8% |
| Amounts receivable within one year | 40/41 | €38,482 | €20,654 | -€17,827 | -46.3% |
| Trade receivables | 40 | €33,653 | - | -€33,653 | |
| Other amounts receivable | 41 | €4,829 | €20,654 | +€15,825 | +328% |
| Cash at bank and in hand | 54/58 | €2,198 | €11,148 | +€8,950 | +407% |
| Deferred charges and accrued income | 490/1 | €59 | €57 | -€2 | -2.7% |
| Total equity and liabilities | 10/49 | €1,366,809 | €1,265,394 | -€101,415 | -7.4% |
| Equity | 10/15 | €769,006 | €808,011 | +€39,005 | +5.1% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €659,006 | €698,011 | +€39,005 | +5.9% |
| Tax-exempt reserves | 132 | €419 | €419 | = | 0.0% |
| Distributable reserves | 133 | €658,587 | €697,593 | +€39,005 | +5.9% |
| Amounts payable | 17/49 | €597,803 | €457,383 | -€140,420 | -23.5% |
| Amounts payable within one year | 42/48 | €597,803 | €457,383 | -€140,420 | -23.5% |
| Trade debts | 44 | €9,896 | €10,014 | +€118 | +1.2% |
| Suppliers | 440/4 | €9,896 | €10,014 | +€118 | +1.2% |
| Taxes, remuneration and social security | 45 | €23,382 | €17,960 | -€5,422 | -23.2% |
| Taxes | 450/3 | €16,034 | €11,206 | -€4,827 | -30.1% |
| Remuneration and social security | 454/9 | €7,348 | €6,754 | -€595 | -8.1% |
| Other amounts payable | 47/48 | €564,525 | €429,409 | -€135,116 | -23.9% |
| Non-recurring operating income | 76A | €16,884 | €207 | -€16,677 | -98.8% |
| Remuneration, social security and pensions | 62 | €53,398 | €54,514 | +€1,115 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,583 | €103,146 | +€10,563 | +11.4% |
| Other operating charges | 640/8 | €3,905 | €4,373 | +€468 | +12.0% |
| Gross operating margin | 9900 | €278,265 | €225,279 | -€52,985 | -19.0% |
| Operating profit (loss) | 9901 | €128,379 | €63,247 | -€65,132 | -50.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -94.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -94.8% |
| Financial charges | 65/66B | €12,177 | €9,896 | -€2,281 | -18.7% |
| Recurring financial charges | 65 | €12,177 | €9,896 | -€2,281 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €116,204 | €53,351 | -€62,853 | -54.1% |
| Income taxes | 67/77 | €29,871 | €14,346 | -€15,525 | -52.0% |
| Profit (loss) for the period | 9904 | €86,333 | €39,005 | -€47,328 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,333 | €39,005 | -€47,328 | -54.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.