ARNICA: 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.
ARNICA
Largest movements
- Tangible fixed assets +€122,290
up €122,290 (+70.3%), from €173,861 to €296,151
of which Assets under construction and advance payments: +€120,118
- Cash +€77,502
up €77,502 (+1,222%), from €6,342 to €83,844
mainly Debts after one year (+€124,114) and Receivables within one year (+€43,811)
- Receivables within one year -€43,811
down €43,811 (-43.7%), from €100,254 to €56,443
of which Trade receivables: -€53,885
- Debts after one year +€124,114
new in 2025: €124,114
- Reserves +€33,221
up €33,221 (+5.4%), from €616,511 to €649,732
- Gross operating margin +€36,070
up €36,070, from -€7,924 to €28,146
- Financial income +€17,078
up €17,078 (+809%), from €2,111 to €19,189
- Taxes +€6,790
new in 2025: €6,790
- Financial charges +€3,855
up €3,855 (+17,132%), from €23 to €3,877
- Other operating charges +€2,607
up €2,607 (+673%), from €387 to €2,995
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 | €726,507 | €882,488 | +€155,981 | +21.5% |
| Fixed assets | 21/28 | €186,361 | €308,651 | +€122,290 | +65.6% |
| Tangible fixed assets | 22/27 | €173,861 | €296,151 | +€122,290 | +70.3% |
| Land and buildings | 22 | €131,555 | €131,102 | -€453 | -0.3% |
| Furniture and vehicles | 24 | - | €2,625 | +€2,625 | |
| Assets under construction and advance payments | 27 | €42,306 | €162,424 | +€120,118 | +284% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €540,146 | €573,837 | +€33,691 | +6.2% |
| Amounts receivable after more than one year | 29 | €433,550 | €433,550 | = | 0.0% |
| Other amounts receivable | 291 | €433,550 | €433,550 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,254 | €56,443 | -€43,811 | -43.7% |
| Trade receivables | 40 | €93,210 | €39,325 | -€53,885 | -57.8% |
| Other amounts receivable | 41 | €7,044 | €17,118 | +€10,073 | +143% |
| Cash at bank and in hand | 54/58 | €6,342 | €83,844 | +€77,502 | +1,222% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €726,507 | €882,488 | +€155,981 | +21.5% |
| Equity | 10/15 | €639,001 | €672,222 | +€33,221 | +5.2% |
| Contributions | 10/11 | €22,489 | €22,489 | = | 0.0% |
| Reserves | 13 | €616,511 | €649,732 | +€33,221 | +5.4% |
| Distributable reserves | 133 | €616,511 | €649,732 | +€33,221 | +5.4% |
| Amounts payable | 17/49 | €87,506 | €210,266 | +€122,760 | +140% |
| Amounts payable after more than one year | 17 | - | €124,114 | +€124,114 | |
| Financial debts | 170/4 | - | €124,114 | +€124,114 | |
| Amounts payable within one year | 42/48 | €87,506 | €83,302 | -€4,204 | -4.8% |
| Trade debts | 44 | €42,306 | €39,425 | -€2,881 | -6.8% |
| Suppliers | 440/4 | €42,306 | €39,425 | -€2,881 | -6.8% |
| Taxes, remuneration and social security | 45 | - | €4,369 | +€4,369 | |
| Taxes | 450/3 | - | €4,369 | +€4,369 | |
| Other amounts payable | 47/48 | €45,200 | €39,508 | -€5,692 | -12.6% |
| Accrued charges and deferred income | 492/3 | - | €2,850 | +€2,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €453 | +€419 | +1,207% |
| Other operating charges | 640/8 | €387 | €2,995 | +€2,607 | +673% |
| Gross operating margin | 9900 | -€7,924 | €28,146 | +€36,070 | |
| Operating profit (loss) | 9901 | -€8,346 | €24,698 | +€33,044 | |
| Financial income | 75/76B | €2,111 | €19,189 | +€17,078 | +809% |
| Recurring financial income | 75 | €2,111 | €19,189 | +€17,078 | +809% |
| Financial charges | 65/66B | €23 | €3,877 | +€3,855 | +17,132% |
| Recurring financial charges | 65 | €23 | €3,877 | +€3,855 | +17,132% |
| Profit (loss) for the period before taxes | 9903 | -€6,257 | €40,010 | +€46,268 | |
| Income taxes | 67/77 | - | €6,790 | +€6,790 | |
| Profit (loss) for the period | 9904 | -€6,257 | €33,221 | +€39,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,257 | €33,221 | +€39,478 |
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 13 October 2026 via checked.be.