ARNICO: 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.
ARNICO
Largest movements
- Current investments -€999,964
down €999,964 (-18.0%), from €5.6m to €4.6m
- Cash +€757,969
up €757,969 (+158%), from €479,771 to €1.2m
mainly Current investments (+€999,964) and Depreciation (+€76,103)
- Profit (loss) carried forward -€142,393
down €142,393 (-1.8%), from €8.0m to €7.9m
- Other debts -€120,752
down €120,752 (-35.5%), from €339,919 to €219,168
- Gross operating margin +€72,424
up €72,424 (+1,596%), from €4,539 to €76,963
- Taxes -€66,077
down €66,077 (-80.8%), from €81,748 to €15,671
- Depreciation -€43,613
down €43,613 (-36.4%), from €119,716 to €76,103
- Financial charges +€27,233
up €27,233 (+56.4%), from €48,315 to €75,548
- Financial income +€15,303
up €15,303 (+10.3%), from €148,824 to €164,127
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 | €9,954,211 | €9,677,413 | -€276,798 | -2.8% |
| Fixed assets | 21/28 | €2,591,343 | €2,522,183 | -€69,160 | -2.7% |
| Tangible fixed assets | 22/27 | €2,372,973 | €2,303,813 | -€69,160 | -2.9% |
| Land and buildings | 22 | €2,004,711 | €1,944,996 | -€59,714 | -3.0% |
| Plant, machinery and equipment | 23 | €9,798 | €14,170 | +€4,372 | +44.6% |
| Furniture and vehicles | 24 | €43,464 | €29,647 | -€13,817 | -31.8% |
| Other tangible fixed assets | 26 | €315,000 | €315,000 | = | 0.0% |
| Financial fixed assets | 28 | €218,370 | €218,370 | = | 0.0% |
| Current assets | 29/58 | €7,362,868 | €7,155,230 | -€207,639 | -2.8% |
| Amounts receivable within one year | 40/41 | €1,307,662 | €1,342,863 | +€35,201 | +2.7% |
| Trade receivables | 40 | €1,014 | €2,180 | +€1,165 | +115% |
| Other amounts receivable | 41 | €1,306,648 | €1,340,683 | +€34,035 | +2.6% |
| Current investments | 50/53 | €5,566,972 | €4,567,007 | -€999,964 | -18.0% |
| Cash at bank and in hand | 54/58 | €479,771 | €1,237,740 | +€757,969 | +158% |
| Deferred charges and accrued income | 490/1 | €8,463 | €7,619 | -€844 | -10.0% |
| Total equity and liabilities | 10/49 | €9,954,211 | €9,677,413 | -€276,798 | -2.8% |
| Equity | 10/15 | €9,201,296 | €9,058,903 | -€142,393 | -1.5% |
| Contributions | 10/11 | €500,500 | €500,500 | = | 0.0% |
| Reserves | 13 | €672,550 | €672,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,050 | €50,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,050 | €50,050 | = | 0.0% |
| Distributable reserves | 133 | €622,500 | €622,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,028,246 | €7,885,853 | -€142,393 | -1.8% |
| Provisions and deferred taxes | 16 | €404,146 | €395,668 | -€8,478 | -2.1% |
| Provisions for liabilities and charges | 160/5 | €404,146 | €395,668 | -€8,478 | -2.1% |
| Other liabilities and charges | 164/5 | €404,146 | €395,668 | -€8,478 | -2.1% |
| Amounts payable | 17/49 | €348,769 | €222,841 | -€125,928 | -36.1% |
| Amounts payable within one year | 42/48 | €347,280 | €222,841 | -€124,439 | -35.8% |
| Trade debts | 44 | €6,179 | €3,472 | -€2,707 | -43.8% |
| Suppliers | 440/4 | €6,179 | €3,472 | -€2,707 | -43.8% |
| Taxes, remuneration and social security | 45 | €1,182 | €202 | -€980 | -82.9% |
| Taxes | 450/3 | €1,182 | €202 | -€980 | -82.9% |
| Other amounts payable | 47/48 | €339,919 | €219,168 | -€120,752 | -35.5% |
| Accrued charges and deferred income | 492/3 | €1,489 | - | -€1,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,716 | €76,103 | -€43,613 | -36.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,088 | -€8,478 | -€390 | -4.8% |
| Other operating charges | 640/8 | €6,380 | €9,639 | +€3,258 | +51.1% |
| Gross operating margin | 9900 | €4,539 | €76,963 | +€72,424 | +1,596% |
| Operating profit (loss) | 9901 | -€113,470 | -€300 | +€113,170 | +99.7% |
| Financial income | 75/76B | €148,824 | €164,127 | +€15,303 | +10.3% |
| Recurring financial income | 75 | €148,824 | €164,127 | +€15,303 | +10.3% |
| Financial charges | 65/66B | €48,315 | €75,548 | +€27,233 | +56.4% |
| Recurring financial charges | 65 | €48,315 | €75,548 | +€27,233 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,960 | €88,278 | +€101,239 | |
| Income taxes | 67/77 | €81,748 | €15,671 | -€66,077 | -80.8% |
| Profit (loss) for the period | 9904 | -€94,708 | €72,607 | +€167,316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,708 | €72,607 | +€167,316 |
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 17 October 2026 via checked.be.