ArnoLaur: 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.
ArnoLaur
Largest movements
- Receivables within one year +€93,442
up €93,442 (+145.1%), from €64,408 to €157,849
of which Trade receivables: +€67,628
- Tangible fixed assets -€19,224
down €19,224 (-4.9%), from €391,675 to €372,451
of which Land and buildings: -€18,441
- Cash -€12,102
down €12,102 (-12.8%), from €94,629 to €82,527
mainly Receivables within one year (-€93,442) and Debts after one year (-€46,622)
- Reserves +€61,974
up €61,974 (+26.0%), from €238,684 to €300,658
of which Distributable reserves: +€61,974
- Debts after one year -€46,622
down €46,622 (-43.6%), from €106,826 to €60,204
- Trade debts +€30,037
up €30,037 (+181.1%), from €16,584 to €46,621
- Current portion of long-term debt +€19,241
up €19,241 (+37.5%), from €51,252 to €70,494
- Taxes -€6,866
down €6,866 (-14.4%), from €47,554 to €40,688
- Gross operating margin -€6,019
down €6,019 (-3.9%), from €153,204 to €147,185
- Other operating charges -€4,288
down €4,288 (-55.2%), from €7,773 to €3,485
- Financial income -€2,210
down €2,210 (-36.5%), from €6,055 to €3,845
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 | €565,257 | €624,895 | +€59,637 | +10.6% |
| Fixed assets | 21/28 | €391,675 | €372,451 | -€19,224 | -4.9% |
| Tangible fixed assets | 22/27 | €391,675 | €372,451 | -€19,224 | -4.9% |
| Land and buildings | 22 | €384,163 | €365,722 | -€18,441 | -4.8% |
| Plant, machinery and equipment | 23 | €7,348 | €6,729 | -€619 | -8.4% |
| Furniture and vehicles | 24 | €165 | €0 | -€165 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €173,582 | €252,444 | +€78,862 | +45.4% |
| Amounts receivable within one year | 40/41 | €64,408 | €157,849 | +€93,442 | +145.1% |
| Trade receivables | 40 | €2,202 | €69,830 | +€67,628 | +3070.9% |
| Other amounts receivable | 41 | €62,205 | €88,019 | +€25,814 | +41.5% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €94,629 | €82,527 | -€12,102 | -12.8% |
| Deferred charges and accrued income | 490/1 | €4,545 | €2,067 | -€2,478 | -54.5% |
| Total equity and liabilities | 10/49 | €565,257 | €624,895 | +€59,637 | +10.6% |
| Equity | 10/15 | €319,884 | €381,858 | +€61,974 | +19.4% |
| Contributions | 10/11 | €81,200 | €81,200 | = | 0.0% |
| Reserves | 13 | €238,684 | €300,658 | +€61,974 | +26.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €236,824 | €298,798 | +€61,974 | +26.2% |
| Amounts payable | 17/49 | €245,373 | €243,037 | -€2,337 | -1.0% |
| Amounts payable after more than one year | 17 | €106,826 | €60,204 | -€46,622 | -43.6% |
| Financial debts | 170/4 | €106,826 | €60,204 | -€46,622 | -43.6% |
| Amounts payable within one year | 42/48 | €138,516 | €182,833 | +€44,317 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €51,252 | €70,494 | +€19,241 | +37.5% |
| Trade debts | 44 | €16,584 | €46,621 | +€30,037 | +181.1% |
| Suppliers | 440/4 | €16,584 | €46,621 | +€30,037 | +181.1% |
| Taxes, remuneration and social security | 45 | €70,679 | €65,718 | -€4,961 | -7.0% |
| Taxes | 450/3 | €70,679 | €65,718 | -€4,961 | -7.0% |
| Accrued charges and deferred income | 492/3 | €31 | €0 | -€31 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,867 | €20,860 | -€1,007 | -4.6% |
| Other operating charges | 640/8 | €7,773 | €3,485 | -€4,288 | -55.2% |
| Non-recurring operating charges | 66A | - | €17,678 | +€17,678 | |
| Gross operating margin | 9900 | €153,204 | €147,185 | -€6,019 | -3.9% |
| Operating profit (loss) | 9901 | €123,564 | €105,162 | -€18,402 | -14.9% |
| Financial income | 75/76B | €6,055 | €3,845 | -€2,210 | -36.5% |
| Recurring financial income | 75 | €6,055 | €3,845 | -€2,210 | -36.5% |
| Financial charges | 65/66B | €6,529 | €6,345 | -€184 | -2.8% |
| Recurring financial charges | 65 | €6,529 | €6,345 | -€184 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €123,090 | €102,662 | -€20,428 | -16.6% |
| Income taxes | 67/77 | €47,554 | €40,688 | -€6,866 | -14.4% |
| Profit (loss) for the period | 9904 | €75,536 | €61,974 | -€13,562 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,536 | €61,974 | -€13,562 | -18.0% |
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 3 October 2026 via checked.be.