ARNOT: 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.
ARNOT
Largest movements
- Tangible fixed assets -€43,979
down €43,979 (-6.2%), from €713,284 to €669,305
of which Furniture and vehicles: -€23,294
- Receivables within one year -€36,719
down €36,719 (-6.1%), from €599,127 to €562,408
of which Other amounts receivable: -€35,615
- Reserves -€187,400
down €187,400 (-30.0%), from €625,500 to €438,100
- Other debts +€122,533
up €122,533 (+72.2%), from €169,800 to €292,333
- Debts after one year -€33,333
down €33,333 (-7.2%), from €463,871 to €430,537
of which Financial debts: -€33,333
- Gross operating margin +€111,742
up €111,742 (+100.8%), from €110,870 to €222,613
- Depreciation -€65,935
down €65,935 (-60.0%), from €109,914 to €43,979
- Financial income -€48,424
down €48,424 (-92.8%), from €52,165 to €3,741
- Taxes +€44,033
up €44,033 (+404.9%), from €10,875 to €54,908
- Financial charges +€10,625
up €10,625 (+210.4%), from €5,051 to €15,676
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 | €1,352,036 | €1,268,782 | -€83,253 | -6.2% |
| Fixed assets | 21/28 | €738,284 | €694,305 | -€43,979 | -6.0% |
| Tangible fixed assets | 22/27 | €713,284 | €669,305 | -€43,979 | -6.2% |
| Land and buildings | 22 | €589,435 | €574,286 | -€15,149 | -2.6% |
| Furniture and vehicles | 24 | €73,622 | €50,328 | -€23,294 | -31.6% |
| Other tangible fixed assets | 26 | €50,227 | €44,691 | -€5,536 | -11.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €613,752 | €574,477 | -€39,275 | -6.4% |
| Amounts receivable within one year | 40/41 | €599,127 | €562,408 | -€36,719 | -6.1% |
| Trade receivables | 40 | €23,071 | €21,967 | -€1,104 | -4.8% |
| Other amounts receivable | 41 | €576,056 | €540,441 | -€35,615 | -6.2% |
| Cash at bank and in hand | 54/58 | €9,165 | €6,416 | -€2,749 | -30.0% |
| Deferred charges and accrued income | 490/1 | €5,460 | €5,653 | +€193 | +3.5% |
| Total equity and liabilities | 10/49 | €1,352,036 | €1,268,782 | -€83,253 | -6.2% |
| Equity | 10/15 | €647,155 | €458,968 | -€188,187 | -29.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €625,500 | €438,100 | -€187,400 | -30.0% |
| Distributable reserves | 133 | €625,500 | €438,100 | -€187,400 | -30.0% |
| Profit (loss) carried forward | 14 | €1,655 | €868 | -€787 | -47.5% |
| Amounts payable | 17/49 | €704,880 | €809,814 | +€104,934 | +14.9% |
| Amounts payable after more than one year | 17 | €463,871 | €430,537 | -€33,333 | -7.2% |
| Financial debts | 170/4 | €458,333 | €425,000 | -€33,333 | -7.3% |
| Other amounts payable | 178/9 | €5,538 | €5,538 | = | 0.0% |
| Amounts payable within one year | 42/48 | €236,156 | €374,147 | +€137,991 | +58.4% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €33,333 | = | 0.0% |
| Trade debts | 44 | €361 | €3,273 | +€2,912 | +807.2% |
| Suppliers | 440/4 | €361 | €3,273 | +€2,912 | +807.2% |
| Taxes, remuneration and social security | 45 | €32,661 | €45,208 | +€12,546 | +38.4% |
| Taxes | 450/3 | €26,461 | €39,008 | +€12,546 | +47.4% |
| Remuneration and social security | 454/9 | €6,200 | €6,200 | = | 0.0% |
| Other amounts payable | 47/48 | €169,800 | €292,333 | +€122,533 | +72.2% |
| Accrued charges and deferred income | 492/3 | €4,854 | €5,130 | +€276 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,914 | €43,979 | -€65,935 | -60.0% |
| Other operating charges | 640/8 | €3,986 | €7,645 | +€3,659 | +91.8% |
| Gross operating margin | 9900 | €110,870 | €222,613 | +€111,742 | +100.8% |
| Operating profit (loss) | 9901 | -€3,030 | €170,989 | +€174,019 | |
| Financial income | 75/76B | €52,165 | €3,741 | -€48,424 | -92.8% |
| Recurring financial income | 75 | €52,165 | €3,741 | -€48,424 | -92.8% |
| Financial charges | 65/66B | €5,051 | €15,676 | +€10,625 | +210.4% |
| Recurring financial charges | 65 | €5,051 | €15,676 | +€10,625 | +210.4% |
| Profit (loss) for the period before taxes | 9903 | €44,085 | €159,054 | +€114,969 | +260.8% |
| Income taxes | 67/77 | €10,875 | €54,908 | +€44,033 | +404.9% |
| Profit (loss) for the period | 9904 | €33,210 | €104,146 | +€70,936 | +213.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,210 | €104,146 | +€70,936 | +213.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.