ARNOLD GITS: 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.
ARNOLD GITS
Largest movements
- Receivables after one year -€386,778
down €386,778 (-44.7%), from €866,000 to €479,222
- Cash +€166,639
up €166,639 (+110%), from €151,875 to €318,514
mainly Receivables after one year (+€386,778) and Net result for the year (+€153,683)
- Intangible fixed assets -€46,667
no longer reported in 2025 (was €46,667)
- Tangible fixed assets +€34,969
up €34,969 (+14.1%), from €248,455 to €283,424
of which Furniture and vehicles: +€49,299
- Reserves -€204,346
down €204,346 (-15.9%), from €1.3m to €1.1m
- Debts after one year -€28,318
down €28,318 (-59.3%), from €47,728 to €19,410
- Gross operating margin -€43,145
down €43,145 (-12.8%), from €337,034 to €293,889
- Depreciation -€17,415
down €17,415 (-17.5%), from €99,658 to €82,243
- Taxes +€3,736
up €3,736 (+6.1%), from €61,540 to €65,276
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 | €1,391,259 | €1,161,913 | -€229,345 | -16.5% |
| Fixed assets | 21/28 | €295,122 | €283,424 | -€11,698 | -4.0% |
| Intangible fixed assets | 21 | €46,667 | - | -€46,667 | |
| Tangible fixed assets | 22/27 | €248,455 | €283,424 | +€34,969 | +14.1% |
| Land and buildings | 22 | €196,188 | €184,774 | -€11,415 | -5.8% |
| Plant, machinery and equipment | 23 | €6,649 | €4,113 | -€2,536 | -38.1% |
| Furniture and vehicles | 24 | €44,686 | €93,985 | +€49,299 | +110% |
| Other tangible fixed assets | 26 | €932 | €552 | -€380 | -40.8% |
| Current assets | 29/58 | €1,096,137 | €878,489 | -€217,647 | -19.9% |
| Amounts receivable after more than one year | 29 | €866,000 | €479,222 | -€386,778 | -44.7% |
| Other amounts receivable | 291 | €866,000 | €479,222 | -€386,778 | -44.7% |
| Amounts receivable within one year | 40/41 | €77,790 | €79,278 | +€1,488 | +1.9% |
| Trade receivables | 40 | €12,283 | €17,196 | +€4,913 | +40.0% |
| Other amounts receivable | 41 | €65,507 | €62,082 | -€3,425 | -5.2% |
| Cash at bank and in hand | 54/58 | €151,875 | €318,514 | +€166,639 | +110% |
| Deferred charges and accrued income | 490/1 | €471 | €1,475 | +€1,004 | +213% |
| Total equity and liabilities | 10/49 | €1,391,259 | €1,161,913 | -€229,345 | -16.5% |
| Equity | 10/15 | €1,294,775 | €1,090,429 | -€204,346 | -15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,282,375 | €1,078,029 | -€204,346 | -15.9% |
| Distributable reserves | 133 | €1,282,375 | €1,078,029 | -€204,346 | -15.9% |
| Amounts payable | 17/49 | €96,483 | €71,484 | -€24,999 | -25.9% |
| Amounts payable after more than one year | 17 | €47,728 | €19,410 | -€28,318 | -59.3% |
| Financial debts | 170/4 | €47,728 | €19,410 | -€28,318 | -59.3% |
| Amounts payable within one year | 42/48 | €48,756 | €52,075 | +€3,319 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €27,390 | €28,318 | +€928 | +3.4% |
| Trade debts | 44 | €294 | - | -€294 | |
| Suppliers | 440/4 | €294 | - | -€294 | |
| Taxes, remuneration and social security | 45 | €13,647 | €14,557 | +€909 | +6.7% |
| Taxes | 450/3 | €13,647 | €14,557 | +€909 | +6.7% |
| Other amounts payable | 47/48 | €7,424 | €9,200 | +€1,776 | +23.9% |
| Non-recurring operating income | 76A | €17,355 | - | -€17,355 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,658 | €82,243 | -€17,415 | -17.5% |
| Other operating charges | 640/8 | €3,803 | €1,362 | -€2,441 | -64.2% |
| Non-recurring operating charges | 66A | €38,836 | - | -€38,836 | |
| Gross operating margin | 9900 | €337,034 | €293,889 | -€43,145 | -12.8% |
| Operating profit (loss) | 9901 | €194,737 | €210,284 | +€15,547 | +8.0% |
| Financial income | 75/76B | €13,367 | €13,039 | -€329 | -2.5% |
| Recurring financial income | 75 | €13,367 | €13,039 | -€329 | -2.5% |
| Financial charges | 65/66B | €6,563 | €4,363 | -€2,199 | -33.5% |
| Recurring financial charges | 65 | €6,563 | €4,363 | -€2,199 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €201,542 | €218,959 | +€17,418 | +8.6% |
| Income taxes | 67/77 | €61,540 | €65,276 | +€3,736 | +6.1% |
| Profit (loss) for the period | 9904 | €140,001 | €153,683 | +€13,682 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €140,001 | €153,683 | +€13,682 | +9.8% |
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 20 October 2026 via checked.be.