ARNODOES: what changed
Two fiscal 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.
ARNODOES
Largest movements
- Cash -€14,812
down €14,812 (-80.0%), from €18,510 to €3,698
mainly Other debts (-€9,792) and Net result for the year (-€8,833)
- Receivables within one year -€2,596
down €2,596 (-22.1%), from €11,734 to €9,138
of which Trade receivables: -€2,734
- Deferred charges and accrued income +€1,778
up €1,778 (+6.9%), from €25,869 to €27,647
- Formation expenses -€959
down €959 (-56.9%), from €1,687 to €728
- Other debts -€9,792
down €9,792 (-100.0%), from €9,792 to €0
- Profit (loss) carried forward -€8,833
new in 2025: -€8,833
- Trade debts +€3,925
up €3,925 (+238.2%), from €1,648 to €5,573
- Accrued charges and deferred income -€1,719
down €1,719 (-26.5%), from €6,487 to €4,768
- Gross operating margin -€31,115
down €31,115, from €29,981 to -€1,134
- Taxes -€7,672
down €7,672 (-71.5%), from €10,730 to €3,058
- Financial charges -€950
down €950 (-33.0%), from €2,874 to €1,925
- Other operating charges +€481
up €481 (+52.6%), from €914 to €1,395
- Depreciation +€315
up €315 (+29.6%), from €1,062 to €1,376
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 | €58,948 | €41,942 | -€17,006 | -28.8% |
| Formation expenses | 20 | €1,687 | €728 | -€959 | -56.9% |
| Fixed assets | 21/28 | €1,149 | €732 | -€417 | -36.3% |
| Tangible fixed assets | 22/27 | €1,149 | €732 | -€417 | -36.3% |
| Furniture and vehicles | 24 | €1,149 | €732 | -€417 | -36.3% |
| Current assets | 29/58 | €56,113 | €40,483 | -€15,630 | -27.9% |
| Amounts receivable within one year | 40/41 | €11,734 | €9,138 | -€2,596 | -22.1% |
| Trade receivables | 40 | €11,042 | €8,308 | -€2,734 | -24.8% |
| Other amounts receivable | 41 | €692 | €830 | +€138 | +19.9% |
| Cash at bank and in hand | 54/58 | €18,510 | €3,698 | -€14,812 | -80.0% |
| Deferred charges and accrued income | 490/1 | €25,869 | €27,647 | +€1,778 | +6.9% |
| Total equity and liabilities | 10/49 | €58,948 | €41,942 | -€17,006 | -28.8% |
| Equity | 10/15 | €39,470 | €30,637 | -€8,833 | -22.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €26,970 | €26,970 | = | 0.0% |
| Distributable reserves | 133 | €26,970 | €26,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,833 | -€8,833 | |
| Amounts payable | 17/49 | €19,478 | €11,305 | -€8,173 | -42.0% |
| Amounts payable within one year | 42/48 | €12,991 | €6,537 | -€6,454 | -49.7% |
| Trade debts | 44 | €1,648 | €5,573 | +€3,925 | +238.2% |
| Suppliers | 440/4 | €1,648 | €5,573 | +€3,925 | +238.2% |
| Taxes, remuneration and social security | 45 | €1,551 | €965 | -€587 | -37.8% |
| Taxes | 450/3 | €1,551 | €965 | -€587 | -37.8% |
| Other amounts payable | 47/48 | €9,792 | €0 | -€9,792 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,487 | €4,768 | -€1,719 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,062 | €1,376 | +€315 | +29.6% |
| Other operating charges | 640/8 | €914 | €1,395 | +€481 | +52.6% |
| Gross operating margin | 9900 | €29,981 | -€1,134 | -€31,115 | |
| Operating profit (loss) | 9901 | €28,005 | -€3,905 | -€31,911 | |
| Financial income | 75/76B | €123 | €55 | -€68 | -55.4% |
| Recurring financial income | 75 | €123 | €55 | -€68 | -55.4% |
| Financial charges | 65/66B | €2,874 | €1,925 | -€950 | -33.0% |
| Recurring financial charges | 65 | €2,874 | €1,925 | -€950 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €25,254 | -€5,775 | -€31,029 | |
| Income taxes | 67/77 | €10,730 | €3,058 | -€7,672 | -71.5% |
| Profit (loss) for the period | 9904 | €14,524 | -€8,833 | -€23,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,524 | -€8,833 | -€23,357 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.