ARNHO: 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.
ARNHO
Largest movements
- Cash +€16,046
up €16,046 (+148.3%), from €10,820 to €26,866
mainly Net result for the year (+€28,955) and Depreciation (+€5,426)
- Receivables within one year +€2,370
up €2,370 (+48.0%), from €4,939 to €7,309
of which Trade receivables: +€2,028
- Tangible fixed assets -€1,172
down €1,172 (-5.7%), from €20,434 to €19,262
of which Furniture and vehicles: -€1,394
- Deferred charges and accrued income +€826
up €826 (+105.4%), from €784 to €1,611
- Reserves +€28,955
up €28,955 (+625.8%), from €4,627 to €33,582
- Other debts -€7,282
down €7,282 (-40.5%), from €17,999 to €10,717
- Trade debts -€3,278
down €3,278 (-39.5%), from €8,305 to €5,026
- Gross operating margin +€33,938
up €33,938 (+275.8%), from €12,305 to €46,243
- Taxes +€8,946
up €8,946 (+406.9%), from €2,198 to €11,144
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 | €37,579 | €56,117 | +€18,539 | +49.3% |
| Fixed assets | 21/28 | €20,880 | €19,658 | -€1,222 | -5.9% |
| Intangible fixed assets | 21 | €446 | €396 | -€50 | -11.2% |
| Tangible fixed assets | 22/27 | €20,434 | €19,262 | -€1,172 | -5.7% |
| Plant, machinery and equipment | 23 | €392 | €292 | -€100 | -25.5% |
| Furniture and vehicles | 24 | €5,954 | €4,561 | -€1,394 | -23.4% |
| Other tangible fixed assets | 26 | €14,088 | €14,410 | +€322 | +2.3% |
| Current assets | 29/58 | €16,698 | €36,459 | +€19,761 | +118.3% |
| Stocks and contracts in progress | 3 | €155 | €673 | +€518 | +334.4% |
| Stocks | 30/36 | €155 | €673 | +€518 | +334.4% |
| Amounts receivable within one year | 40/41 | €4,939 | €7,309 | +€2,370 | +48.0% |
| Trade receivables | 40 | €2,815 | €4,844 | +€2,028 | +72.0% |
| Other amounts receivable | 41 | €2,124 | €2,465 | +€342 | +16.1% |
| Cash at bank and in hand | 54/58 | €10,820 | €26,866 | +€16,046 | +148.3% |
| Deferred charges and accrued income | 490/1 | €784 | €1,611 | +€826 | +105.4% |
| Total equity and liabilities | 10/49 | €37,579 | €56,117 | +€18,539 | +49.3% |
| Equity | 10/15 | €5,627 | €34,582 | +€28,955 | +514.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,627 | €33,582 | +€28,955 | +625.8% |
| Distributable reserves | 133 | €4,627 | €33,582 | +€28,955 | +625.8% |
| Amounts payable | 17/49 | €31,952 | €21,535 | -€10,417 | -32.6% |
| Amounts payable within one year | 42/48 | €31,952 | €21,535 | -€10,417 | -32.6% |
| Trade debts | 44 | €8,305 | €5,026 | -€3,278 | -39.5% |
| Suppliers | 440/4 | €8,305 | €5,026 | -€3,278 | -39.5% |
| Taxes, remuneration and social security | 45 | €5,648 | €5,792 | +€144 | +2.5% |
| Taxes | 450/3 | €5,648 | €5,792 | +€144 | +2.5% |
| Other amounts payable | 47/48 | €17,999 | €10,717 | -€7,282 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,074 | €5,426 | +€353 | +7.0% |
| Other operating charges | 640/8 | €322 | €679 | +€356 | +110.6% |
| Gross operating margin | 9900 | €12,305 | €46,243 | +€33,938 | +275.8% |
| Operating profit (loss) | 9901 | €6,909 | €40,138 | +€33,229 | +481.0% |
| Financial income | 75/76B | €1 | €15 | +€14 | +1153.3% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +1153.3% |
| Financial charges | 65/66B | €85 | €54 | -€31 | -36.3% |
| Recurring financial charges | 65 | €85 | €54 | -€31 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €6,825 | €40,099 | +€33,274 | +487.5% |
| Income taxes | 67/77 | €2,198 | €11,144 | +€8,946 | +406.9% |
| Profit (loss) for the period | 9904 | €4,627 | €28,955 | +€24,328 | +525.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,627 | €28,955 | +€24,328 | +525.8% |
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 5 October 2026 via checked.be.