ARNOPTIC: 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.
ARNOPTIC
Largest movements
- Intangible fixed assets -€26,460
down €26,460 (-20.0%), from €132,300 to €105,840
- Cash -€14,350
down €14,350 (-76.0%), from €18,872 to €4,521
mainly Other debts (-€55,229) and Current portion of long-term debt (-€25,441)
- Receivables within one year +€10,807
up €10,807 (+156.7%), from €6,897 to €17,703
- Tangible fixed assets -€8,756
down €8,756 (-26.4%), from €33,123 to €24,366
of which Plant, machinery and equipment: -€6,800
- Stocks and contracts +€6,414
up €6,414 (+13.5%), from €47,666 to €54,080
- Other debts -€55,229
down €55,229 (-29.4%), from €187,604 to €132,375
- Profit (loss) carried forward +€34,912
up €34,912 (+34.7%), from -€100,485 to -€65,573
- Tax, wage and social debts +€31,493
up €31,493 (+188.9%), from €16,671 to €48,164
of which Taxes: +€25,062
- Current portion of long-term debt -€25,441
down €25,441 (-63.4%), from €40,134 to €14,693
- Debts after one year -€14,692
no longer reported in 2025 (was €14,692)
- Gross operating margin +€44,747
up €44,747 (+68.2%), from €65,628 to €110,376
- Depreciation -€16,338
down €16,338 (-30.3%), from €53,955 to €37,616
- Staff costs +€13,760
up €13,760 (+73.5%), from €18,725 to €32,486
- Financial charges +€2,128
up €2,128 (+96.1%), from €2,215 to €4,342
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 | €239,220 | €206,874 | -€32,346 | -13.5% |
| Fixed assets | 21/28 | €165,786 | €130,569 | -€35,216 | -21.2% |
| Intangible fixed assets | 21 | €132,300 | €105,840 | -€26,460 | -20.0% |
| Tangible fixed assets | 22/27 | €33,123 | €24,366 | -€8,756 | -26.4% |
| Plant, machinery and equipment | 23 | €26,687 | €19,887 | -€6,800 | -25.5% |
| Furniture and vehicles | 24 | €6,436 | €2,287 | -€4,149 | -64.5% |
| Other tangible fixed assets | 26 | - | €2,193 | +€2,193 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €73,434 | €76,304 | +€2,870 | +3.9% |
| Stocks and contracts in progress | 3 | €47,666 | €54,080 | +€6,414 | +13.5% |
| Stocks | 30/36 | €47,666 | €54,080 | +€6,414 | +13.5% |
| Amounts receivable within one year | 40/41 | €6,897 | €17,703 | +€10,807 | +156.7% |
| Trade receivables | 40 | €6,897 | €17,703 | +€10,807 | +156.7% |
| Cash at bank and in hand | 54/58 | €18,872 | €4,521 | -€14,350 | -76.0% |
| Total equity and liabilities | 10/49 | €239,220 | €206,874 | -€32,346 | -13.5% |
| Equity | 10/15 | -€80,485 | -€45,573 | +€34,912 | +43.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,485 | -€65,573 | +€34,912 | +34.7% |
| Amounts payable | 17/49 | €319,704 | €252,447 | -€67,258 | -21.0% |
| Amounts payable after more than one year | 17 | €14,692 | - | -€14,692 | |
| Financial debts | 170/4 | €14,692 | - | -€14,692 | |
| Amounts payable within one year | 42/48 | €305,012 | €252,447 | -€52,565 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €40,134 | €14,693 | -€25,441 | -63.4% |
| Trade debts | 44 | €60,603 | €57,216 | -€3,388 | -5.6% |
| Suppliers | 440/4 | €60,603 | €57,216 | -€3,388 | -5.6% |
| Taxes, remuneration and social security | 45 | €16,671 | €48,164 | +€31,493 | +188.9% |
| Taxes | 450/3 | €13,231 | €38,293 | +€25,062 | +189.4% |
| Remuneration and social security | 454/9 | €3,440 | €9,871 | +€6,430 | +186.9% |
| Other amounts payable | 47/48 | €187,604 | €132,375 | -€55,229 | -29.4% |
| Remuneration, social security and pensions | 62 | €18,725 | €32,486 | +€13,760 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,955 | €37,616 | -€16,338 | -30.3% |
| Other operating charges | 640/8 | €384 | €1,020 | +€636 | +165.3% |
| Gross operating margin | 9900 | €65,628 | €110,376 | +€44,747 | +68.2% |
| Operating profit (loss) | 9901 | -€7,436 | €39,254 | +€46,690 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,215 | €4,342 | +€2,128 | +96.1% |
| Recurring financial charges | 65 | €2,215 | €4,342 | +€2,128 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,650 | €34,912 | +€44,562 | |
| Profit (loss) for the period | 9904 | -€9,650 | €34,912 | +€44,562 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,650 | €34,912 | +€44,562 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.