ARNINE: 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.
What changed
ARNINE
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€243,144
2024 · €128,647+€114,497
Equity
€551,737
2024 · €308,593+€243,144
Cash
€181,120
2024 · €197,589-€16,469
Balance sheet total
€3.6m
2024 · €3.6m+€80,836
Largest movements
Assets
- Tangible fixed assets +€57,141
up €57,141 (+1.7%), from €3.4m to €3.4m
of which Land and buildings: +€72,341
- Receivables within one year +€40,164
up €40,164 (+666.8%), from €6,024 to €46,187
Equity and liabilities
- Reserves +€243,144
up €243,144 (+94.0%), from €258,593 to €501,737
of which Distributable reserves: +€187,651
- Debts after one year -€145,757
down €145,757 (-5.0%), from €2.9m to €2.8m
of which Financial debts: -€159,283
Income statement
- Gross operating margin +€127,214
up €127,214 (+43.6%), from €291,821 to €419,035
- Taxes +€17,339
up €17,339 (+30.2%), from €57,378 to €74,716
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.
Result 2024
€128,647
Gross operating margin
+€127,214
Depreciation
+€3,873
Other operating charges
-€1,030
Financial income
+€1,138
Financial charges
+€202
Taxes
-€17,339
Deferred taxes and other
+€438
Result 2025
€243,144
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.
From operations
+€259,590
Investment
-€131,463
Financing
-€144,596
Cash 2024
€197,589
From operations (derived)
+€259,590
Net result for the year
+€243,144
Depreciation
+€74,322
Receivables within one year
-€40,164
Provisions
-€2,552
Trade debts
+€6,237
Tax, wage and social debts
-€34,687
Other debts
+€7,842
Accrued charges and deferred income
+€5,448
Investment (derived)
-€131,463
Investment in fixed assets (net)
-€131,463
Financing
-€144,596
Debts after one year
-€145,757
Current portion of long-term debt
+€1,161
Cash 2025
€181,120
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,564,952 | €3,645,788 | +€80,836 | +2.3% |
| Fixed assets | 21/28 | €3,361,339 | €3,418,481 | +€57,141 | +1.7% |
| Tangible fixed assets | 22/27 | €3,361,339 | €3,418,481 | +€57,141 | +1.7% |
| Land and buildings | 22 | €3,301,298 | €3,373,639 | +€72,341 | +2.2% |
| Plant, machinery and equipment | 23 | - | €2,207 | +€2,207 | |
| Furniture and vehicles | 24 | €60,041 | €42,634 | -€17,407 | -29.0% |
| Current assets | 29/58 | €203,613 | €227,308 | +€23,695 | +11.6% |
| Amounts receivable within one year | 40/41 | €6,024 | €46,187 | +€40,164 | +666.8% |
| Trade receivables | 40 | €6,024 | €46,187 | +€40,164 | +666.8% |
| Cash at bank and in hand | 54/58 | €197,589 | €181,120 | -€16,469 | -8.3% |
| Total equity and liabilities | 10/49 | €3,564,952 | €3,645,788 | +€80,836 | +2.3% |
| Equity | 10/15 | €308,593 | €551,737 | +€243,144 | +78.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €258,593 | €501,737 | +€243,144 | +94.0% |
| Tax-exempt reserves | 132 | €70,227 | €125,720 | +€55,493 | +79.0% |
| Distributable reserves | 133 | €188,366 | €376,017 | +€187,651 | +99.6% |
| Provisions and deferred taxes | 16 | €23,409 | €20,857 | -€2,552 | -10.9% |
| Deferred taxes | 168 | €23,409 | €20,857 | -€2,552 | -10.9% |
| Amounts payable | 17/49 | €3,232,950 | €3,073,194 | -€159,756 | -4.9% |
| Amounts payable after more than one year | 17 | €2,939,502 | €2,793,745 | -€145,757 | -5.0% |
| Financial debts | 170/4 | €987,244 | €827,961 | -€159,283 | -16.1% |
| Other amounts payable | 178/9 | €1,952,258 | €1,965,785 | +€13,526 | +0.7% |
| Amounts payable within one year | 42/48 | €269,392 | €249,945 | -€19,447 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €158,122 | €159,283 | +€1,161 | +0.7% |
| Trade debts | 44 | €3,357 | €9,594 | +€6,237 | +185.8% |
| Suppliers | 440/4 | €3,357 | €9,594 | +€6,237 | +185.8% |
| Taxes, remuneration and social security | 45 | €81,107 | €46,420 | -€34,687 | -42.8% |
| Taxes | 450/3 | €80,631 | €42,564 | -€38,066 | -47.2% |
| Remuneration and social security | 454/9 | €476 | €3,855 | +€3,379 | +709.3% |
| Other amounts payable | 47/48 | €26,806 | €34,648 | +€7,842 | +29.3% |
| Accrued charges and deferred income | 492/3 | €24,056 | €29,504 | +€5,448 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,195 | €74,322 | -€3,873 | -5.0% |
| Other operating charges | 640/8 | €2,482 | €3,512 | +€1,030 | +41.5% |
| Gross operating margin | 9900 | €291,821 | €419,035 | +€127,214 | +43.6% |
| Operating profit (loss) | 9901 | €211,144 | €341,201 | +€130,057 | +61.6% |
| Financial income | 75/76B | - | €1,138 | +€1,138 | |
| Recurring financial income | 75 | - | €1,138 | +€1,138 | |
| Financial charges | 65/66B | €27,233 | €27,031 | -€202 | -0.7% |
| Recurring financial charges | 65 | €27,233 | €27,031 | -€202 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €183,911 | €315,308 | +€131,398 | +71.4% |
| Transfer from deferred taxes | 780 | €2,114 | €2,552 | +€438 | +20.7% |
| Income taxes | 67/77 | €57,378 | €74,716 | +€17,339 | +30.2% |
| Profit (loss) for the period | 9904 | €128,647 | €243,144 | +€114,497 | +89.0% |
| Transfer from tax-exempt reserves | 789 | €6,343 | €7,657 | +€1,314 | +20.7% |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €134,990 | €187,651 | +€52,661 | +39.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.