ARNISA: what changed
ARNISA
Largest movements
- Cash -€24,604
down €24,604 (-18.1%), from €135,973 to €111,369
mainly Tax, wage and social debts (-€18,348) and Other debts (-€10,991)
- Deferred charges and accrued income -€4,474
down €4,474 (-9.2%), from €48,848 to €44,374
- Tangible fixed assets +€2,202
up €2,202 (+16.5%), from €13,321 to €15,523
of which Plant, machinery and equipment: +€4,049
- Tax, wage and social debts -€18,348
down €18,348 (-46.9%), from €39,135 to €20,787
of which Taxes: -€19,875
- Other debts -€10,991
down €10,991 (-54.0%), from €20,366 to €9,375
- Reserves +€2,677
up €2,677 (+3.5%), from €76,949 to €79,626
- Trade debts +€2,302
up €2,302 (+9.7%), from €23,662 to €25,964
- Gross operating margin -€17,736
down €17,736 (-32.4%), from €54,778 to €37,042
- Taxes -€10,672
down €10,672 (-87.6%), from €12,181 to €1,509
- Staff costs +€7,902
up €7,902 (+43.6%), from €18,116 to €26,018
- Other operating charges +€1,327
up €1,327 (+333%), from €399 to €1,726
- Financial charges +€842
up €842 (+63.1%), from €1,335 to €2,177
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,733 | €183,311 | -€26,422 | -12.6% |
| Fixed assets | 21/28 | €13,321 | €15,523 | +€2,202 | +16.5% |
| Tangible fixed assets | 22/27 | €13,321 | €15,523 | +€2,202 | +16.5% |
| Plant, machinery and equipment | 23 | €2,728 | €6,777 | +€4,049 | +148% |
| Furniture and vehicles | 24 | €638 | €267 | -€371 | -58.2% |
| Other tangible fixed assets | 26 | €9,955 | €8,479 | -€1,476 | -14.8% |
| Current assets | 29/58 | €196,412 | €167,788 | -€28,624 | -14.6% |
| Stocks and contracts in progress | 3 | €6,291 | €7,705 | +€1,414 | +22.5% |
| Stocks | 30/36 | €6,291 | €7,705 | +€1,414 | +22.5% |
| Amounts receivable within one year | 40/41 | €5,300 | €4,341 | -€959 | -18.1% |
| Trade receivables | 40 | €5,300 | €3,318 | -€1,982 | -37.4% |
| Other amounts receivable | 41 | - | €1,023 | +€1,023 | |
| Cash at bank and in hand | 54/58 | €135,973 | €111,369 | -€24,604 | -18.1% |
| Deferred charges and accrued income | 490/1 | €48,848 | €44,374 | -€4,474 | -9.2% |
| Total equity and liabilities | 10/49 | €209,733 | €183,311 | -€26,422 | -12.6% |
| Equity | 10/15 | €124,508 | €127,185 | +€2,677 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,949 | €79,626 | +€2,677 | +3.5% |
| Distributable reserves | 133 | €76,949 | €79,626 | +€2,677 | +3.5% |
| Profit (loss) carried forward | 14 | €41,359 | €41,359 | +€0 | 0.0% |
| Amounts payable | 17/49 | €85,225 | €56,126 | -€29,099 | -34.1% |
| Amounts payable within one year | 42/48 | €84,867 | €56,126 | -€28,741 | -33.9% |
| Financial debts | 43 | €1,704 | - | -€1,704 | |
| Credit institutions | 430/8 | €1,704 | - | -€1,704 | |
| Trade debts | 44 | €23,662 | €25,964 | +€2,302 | +9.7% |
| Suppliers | 440/4 | €23,662 | €25,964 | +€2,302 | +9.7% |
| Taxes, remuneration and social security | 45 | €39,135 | €20,787 | -€18,348 | -46.9% |
| Taxes | 450/3 | €36,211 | €16,336 | -€19,875 | -54.9% |
| Remuneration and social security | 454/9 | €2,924 | €4,451 | +€1,527 | +52.2% |
| Other amounts payable | 47/48 | €20,366 | €9,375 | -€10,991 | -54.0% |
| Accrued charges and deferred income | 492/3 | €358 | - | -€358 | |
| Remuneration, social security and pensions | 62 | €18,116 | €26,018 | +€7,902 | +43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,518 | €3,116 | +€598 | +23.8% |
| Other operating charges | 640/8 | €399 | €1,726 | +€1,327 | +333% |
| Gross operating margin | 9900 | €54,778 | €37,042 | -€17,736 | -32.4% |
| Operating profit (loss) | 9901 | €33,745 | €6,182 | -€27,563 | -81.7% |
| Financial income | 75/76B | €82 | €181 | +€99 | +120% |
| Recurring financial income | 75 | €82 | €181 | +€99 | +120% |
| Financial charges | 65/66B | €1,335 | €2,177 | +€842 | +63.1% |
| Recurring financial charges | 65 | €1,335 | €2,177 | +€842 | +63.1% |
| Profit (loss) for the period before taxes | 9903 | €32,492 | €4,186 | -€28,306 | -87.1% |
| Income taxes | 67/77 | €12,181 | €1,509 | -€10,672 | -87.6% |
| Profit (loss) for the period | 9904 | €20,311 | €2,677 | -€17,634 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,311 | €2,677 | -€17,634 | -86.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.