ARNODEC: 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.
ARNODEC
Largest movements
- Cash -€3,486
down €3,486 (-12.3%), from €28,335 to €24,849
mainly Contributions, distributions and other (-€21,000) and Tax, wage and social debts (-€3,574)
- Receivables within one year +€1,573
up €1,573 (+151.4%), from €1,039 to €2,613
of which Trade receivables: +€989
- Tangible fixed assets -€1,108
down €1,108 (-34.5%), from €3,210 to €2,102
- Tax, wage and social debts -€3,574
down €3,574 (-43.5%), from €8,212 to €4,638
- Reserves +€2,057
up €2,057 (+9.6%), from €21,394 to €23,451
- Other debts -€708
down €708 (-57.2%), from €1,238 to €531
- Trade debts -€621
down €621 (-96.4%), from €644 to €23
- Gross operating margin +€6,040
up €6,040 (+21.4%), from €28,236 to €34,275
- Taxes +€2,845
up €2,845 (+51.1%), from €5,570 to €8,415
- Financial income -€445
down €445 (-100.0%), from €445 to €0
- Depreciation +€357
up €357 (+47.4%), from €752 to €1,108
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,585 | €29,644 | -€2,941 | -9.0% |
| Fixed assets | 21/28 | €3,210 | €2,102 | -€1,108 | -34.5% |
| Tangible fixed assets | 22/27 | €3,210 | €2,102 | -€1,108 | -34.5% |
| Furniture and vehicles | 24 | €3,210 | €2,102 | -€1,108 | -34.5% |
| Current assets | 29/58 | €29,374 | €27,542 | -€1,832 | -6.2% |
| Amounts receivable within one year | 40/41 | €1,039 | €2,613 | +€1,573 | +151.4% |
| Trade receivables | 40 | €875 | €1,863 | +€989 | +113.0% |
| Other amounts receivable | 41 | €165 | €750 | +€585 | +355.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €28,335 | €24,849 | -€3,486 | -12.3% |
| Deferred charges and accrued income | 490/1 | €0 | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €32,585 | €29,644 | -€2,941 | -9.0% |
| Equity | 10/15 | €22,394 | €24,451 | +€2,057 | +9.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €21,394 | €23,451 | +€2,057 | +9.6% |
| Distributable reserves | 133 | €21,394 | €23,451 | +€2,057 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,191 | €5,192 | -€4,998 | -49.0% |
| Amounts payable within one year | 42/48 | €10,095 | €5,192 | -€4,903 | -48.6% |
| Trade debts | 44 | €644 | €23 | -€621 | -96.4% |
| Suppliers | 440/4 | €644 | €23 | -€621 | -96.4% |
| Taxes, remuneration and social security | 45 | €8,212 | €4,638 | -€3,574 | -43.5% |
| Taxes | 450/3 | €8,212 | €4,638 | -€3,574 | -43.5% |
| Other amounts payable | 47/48 | €1,238 | €531 | -€708 | -57.2% |
| Accrued charges and deferred income | 492/3 | €96 | €0 | -€96 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €752 | €1,108 | +€357 | +47.4% |
| Other operating charges | 640/8 | €629 | €528 | -€102 | -16.2% |
| Gross operating margin | 9900 | €28,236 | €34,275 | +€6,040 | +21.4% |
| Operating profit (loss) | 9901 | €26,854 | €32,639 | +€5,785 | +21.5% |
| Financial income | 75/76B | €445 | €0 | -€445 | -100.0% |
| Recurring financial income | 75 | €445 | €0 | -€445 | -100.0% |
| Financial charges | 65/66B | €1,094 | €1,167 | +€73 | +6.7% |
| Recurring financial charges | 65 | €1,094 | €1,167 | +€73 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €26,206 | €31,473 | +€5,267 | +20.1% |
| Income taxes | 67/77 | €5,570 | €8,415 | +€2,845 | +51.1% |
| Profit (loss) for the period | 9904 | €20,636 | €23,057 | +€2,422 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,636 | €23,057 | +€2,422 | +11.7% |
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 12 October 2026 via checked.be.