ARNIC: 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.
ARNIC
Largest movements
- Tangible fixed assets -€25,492
down €25,492 (-2.4%), from €1.1m to €1.0m
of which Land and buildings: -€25,210
- Cash -€12,368
down €12,368 (-45.5%), from €27,183 to €14,815
mainly Debts after one year (-€39,775) and Other debts (-€16,095)
- Debts after one year -€39,775
down €39,775 (-11.7%), from €339,529 to €299,754
of which Financial debts: -€39,775
- Reserves +€23,931
up €23,931 (+56.8%), from €42,137 to €66,068
- Other debts -€16,095
down €16,095 (-2.7%), from €601,416 to €585,321
- Gross operating margin +€23,450
up €23,450 (+35.0%), from €66,963 to €90,412
- Depreciation +€16,422
up €16,422 (+200%), from €8,213 to €24,636
- Financial charges +€12,074
up €12,074 (+133%), from €9,087 to €21,160
- Taxes +€5,936
up €5,936 (+138%), from €4,298 to €10,234
- Other operating charges +€3,035
up €3,035 (+94.0%), from €3,228 to €6,263
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 | €1,100,830 | €1,068,799 | -€32,031 | -2.9% |
| Fixed assets | 21/28 | €1,068,445 | €1,042,953 | -€25,492 | -2.4% |
| Tangible fixed assets | 22/27 | €1,068,445 | €1,042,953 | -€25,492 | -2.4% |
| Land and buildings | 22 | €1,066,764 | €1,041,554 | -€25,210 | -2.4% |
| Furniture and vehicles | 24 | €1,681 | €1,399 | -€282 | -16.8% |
| Current assets | 29/58 | €32,386 | €25,847 | -€6,539 | -20.2% |
| Amounts receivable within one year | 40/41 | €5,203 | €11,032 | +€5,829 | +112% |
| Trade receivables | 40 | €5,203 | €11,032 | +€5,829 | +112% |
| Cash at bank and in hand | 54/58 | €27,183 | €14,815 | -€12,368 | -45.5% |
| Total equity and liabilities | 10/49 | €1,100,830 | €1,068,799 | -€32,031 | -2.9% |
| Equity | 10/15 | €110,172 | €134,103 | +€23,931 | +21.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €42,137 | €66,068 | +€23,931 | +56.8% |
| Distributable reserves | 133 | €42,137 | €66,068 | +€23,931 | +56.8% |
| Profit (loss) carried forward | 14 | €28,035 | €28,035 | = | 0.0% |
| Amounts payable | 17/49 | €990,658 | €934,696 | -€55,962 | -5.6% |
| Amounts payable after more than one year | 17 | €339,529 | €299,754 | -€39,775 | -11.7% |
| Financial debts | 170/4 | €337,919 | €298,144 | -€39,775 | -11.8% |
| Other amounts payable | 178/9 | €1,610 | €1,610 | = | 0.0% |
| Amounts payable within one year | 42/48 | €651,129 | €634,942 | -€16,187 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €38,930 | €39,775 | +€845 | +2.2% |
| Trade debts | 44 | €1,320 | €1,678 | +€358 | +27.1% |
| Suppliers | 440/4 | €1,320 | €1,678 | +€358 | +27.1% |
| Advances received on contracts in progress | 46 | €790 | - | -€790 | |
| Taxes, remuneration and social security | 45 | €8,673 | €8,168 | -€505 | -5.8% |
| Taxes | 450/3 | €8,673 | €8,168 | -€505 | -5.8% |
| Other amounts payable | 47/48 | €601,416 | €585,321 | -€16,095 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,213 | €24,636 | +€16,422 | +200% |
| Other operating charges | 640/8 | €3,228 | €6,263 | +€3,035 | +94.0% |
| Non-recurring operating charges | 66A | - | €856 | +€856 | |
| Gross operating margin | 9900 | €66,963 | €90,412 | +€23,450 | +35.0% |
| Operating profit (loss) | 9901 | €55,521 | €58,657 | +€3,136 | +5.6% |
| Financial charges | 65/66B | €9,087 | €21,160 | +€12,074 | +133% |
| Recurring financial charges | 65 | €9,087 | €21,160 | +€12,074 | +133% |
| Profit (loss) for the period before taxes | 9903 | €46,435 | €37,497 | -€8,938 | -19.2% |
| Income taxes | 67/77 | €4,298 | €10,234 | +€5,936 | +138% |
| Profit (loss) for the period | 9904 | €42,137 | €27,263 | -€14,873 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,137 | €27,263 | -€14,873 | -35.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.