ARNOCAMPS: 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.
ARNOCAMPS
Largest movements
- Tangible fixed assets +€17,875
up €17,875 (+14.5%), from €123,156 to €141,032
of which Land and buildings: +€36,366
- Receivables within one year -€16,348
down €16,348 (-19.3%), from €84,907 to €68,560
of which Other amounts receivable: -€12,789
- Cash -€8,781
down €8,781 (-8.7%), from €101,017 to €92,236
mainly Investment in fixed assets (net) (-€59,568) and Contributions, distributions and other (-€14,772)
- Profit (loss) carried forward +€20,682
up €20,682 (+18.5%), from €111,912 to €132,594
- Investment grants -€14,772
down €14,772 (-29.4%), from €50,161 to €35,389
- Trade debts -€8,699
down €8,699 (-31.2%), from €27,870 to €19,171
- Tax, wage and social debts -€5,040
down €5,040 (-25.8%), from €19,510 to €14,470
- Staff costs +€17,139
new in 2025: €17,139
- Gross operating margin +€16,328
up €16,328 (+25.0%), from €65,371 to €81,699
- Depreciation +€4,258
up €4,258 (+11.4%), from €37,435 to €41,693
- Taxes -€3,980
down €3,980 (-44.9%), from €8,860 to €4,879
- Financial income +€1,120
up €1,120 (+8.2%), from €13,653 to €14,773
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 | €312,190 | €304,362 | -€7,828 | -2.5% |
| Fixed assets | 21/28 | €123,651 | €141,527 | +€17,875 | +14.5% |
| Tangible fixed assets | 22/27 | €123,156 | €141,032 | +€17,875 | +14.5% |
| Land and buildings | 22 | €29,754 | €66,120 | +€36,366 | +122% |
| Plant, machinery and equipment | 23 | €44,731 | €31,833 | -€12,898 | -28.8% |
| Furniture and vehicles | 24 | €48,671 | €43,078 | -€5,593 | -11.5% |
| Financial fixed assets | 28 | €495 | €495 | = | 0.0% |
| Current assets | 29/58 | €188,539 | €162,836 | -€25,703 | -13.6% |
| Amounts receivable within one year | 40/41 | €84,907 | €68,560 | -€16,348 | -19.3% |
| Trade receivables | 40 | €27,889 | €24,330 | -€3,559 | -12.8% |
| Other amounts receivable | 41 | €57,019 | €44,230 | -€12,789 | -22.4% |
| Cash at bank and in hand | 54/58 | €101,017 | €92,236 | -€8,781 | -8.7% |
| Deferred charges and accrued income | 490/1 | €2,614 | €2,039 | -€575 | -22.0% |
| Total equity and liabilities | 10/49 | €312,190 | €304,362 | -€7,828 | -2.5% |
| Equity | 10/15 | €264,811 | €270,721 | +€5,910 | +2.2% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €83,538 | €83,538 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,920 | €1,920 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,920 | €1,920 | = | 0.0% |
| Distributable reserves | 133 | €81,618 | €81,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,912 | €132,594 | +€20,682 | +18.5% |
| Investment grants | 15 | €50,161 | €35,389 | -€14,772 | -29.4% |
| Amounts payable | 17/49 | €47,379 | €33,641 | -€13,738 | -29.0% |
| Amounts payable within one year | 42/48 | €47,379 | €33,641 | -€13,738 | -29.0% |
| Trade debts | 44 | €27,870 | €19,171 | -€8,699 | -31.2% |
| Suppliers | 440/4 | €27,870 | €19,171 | -€8,699 | -31.2% |
| Taxes, remuneration and social security | 45 | €19,510 | €14,470 | -€5,040 | -25.8% |
| Taxes | 450/3 | €19,510 | €14,470 | -€5,040 | -25.8% |
| Remuneration, social security and pensions | 62 | - | €17,139 | +€17,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,435 | €41,693 | +€4,258 | +11.4% |
| Other operating charges | 640/8 | €9,918 | €10,439 | +€522 | +5.3% |
| Non-recurring operating charges | 66A | - | €792 | +€792 | |
| Gross operating margin | 9900 | €65,371 | €81,699 | +€16,328 | +25.0% |
| Operating profit (loss) | 9901 | €18,019 | €11,636 | -€6,383 | -35.4% |
| Financial income | 75/76B | €13,653 | €14,773 | +€1,120 | +8.2% |
| Recurring financial income | 75 | €13,653 | €14,773 | +€1,120 | +8.2% |
| Financial charges | 65/66B | €214 | €847 | +€633 | +296% |
| Recurring financial charges | 65 | €214 | €847 | +€633 | +296% |
| Profit (loss) for the period before taxes | 9903 | €31,457 | €25,562 | -€5,896 | -18.7% |
| Income taxes | 67/77 | €8,860 | €4,879 | -€3,980 | -44.9% |
| Profit (loss) for the period | 9904 | €22,597 | €20,682 | -€1,915 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,597 | €20,682 | -€1,915 | -8.5% |
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 14 October 2026 via checked.be.