ARNOULD - LOCATION: 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.
ARNOULD - LOCATION
Largest movements
- Cash +€460,130
up €460,130 (+144%), from €319,663 to €779,793
mainly Depreciation (+€421,609) and Net result for the year (+€242,494)
- Tangible fixed assets -€421,609
down €421,609 (-30.8%), from €1.4m to €946,582
of which Plant, machinery and equipment: -€408,909
- Receivables within one year -€241,510
down €241,510 (-12.3%), from €2.0m to €1.7m
of which Other amounts receivable: -€245,930
- Other debts -€458,088
down €458,088 (-22.4%), from €2.0m to €1.6m
- Reserves +€242,494
up €242,494 (+18.1%), from €1.3m to €1.6m
of which Distributable reserves: +€258,994
- Gross operating margin +€102,645
up €102,645 (+16.0%), from €640,151 to €742,796
- Depreciation -€78,894
down €78,894 (-15.8%), from €500,503 to €421,609
- Taxes +€40,522
up €40,522 (+103%), from €39,499 to €80,021
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 | €3,654,519 | €3,451,530 | -€202,989 | -5.6% |
| Fixed assets | 21/28 | €1,369,001 | €947,392 | -€421,609 | -30.8% |
| Tangible fixed assets | 22/27 | €1,368,191 | €946,582 | -€421,609 | -30.8% |
| Land and buildings | 22 | €37,215 | €37,215 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,299,227 | €890,318 | -€408,909 | -31.5% |
| Furniture and vehicles | 24 | €31,750 | €19,050 | -€12,700 | -40.0% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €2,285,518 | €2,504,138 | +€218,620 | +9.6% |
| Amounts receivable within one year | 40/41 | €1,965,855 | €1,724,345 | -€241,510 | -12.3% |
| Trade receivables | 40 | €1,665,390 | €1,669,809 | +€4,420 | +0.3% |
| Other amounts receivable | 41 | €300,465 | €54,535 | -€245,930 | -81.8% |
| Cash at bank and in hand | 54/58 | €319,663 | €779,793 | +€460,130 | +144% |
| Total equity and liabilities | 10/49 | €3,654,519 | €3,451,530 | -€202,989 | -5.6% |
| Equity | 10/15 | €1,586,714 | €1,829,209 | +€242,494 | +15.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,336,714 | €1,579,209 | +€242,494 | +18.1% |
| Non-distributable reserves | 130/1 | €197,457 | €197,457 | = | 0.0% |
| Legal reserve | 130 | €197,457 | €197,457 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,847 | €31,347 | -€16,500 | -34.5% |
| Distributable reserves | 133 | €1,091,411 | €1,350,405 | +€258,994 | +23.7% |
| Provisions and deferred taxes | 16 | €12,653 | €7,153 | -€5,500 | -43.5% |
| Deferred taxes | 168 | €12,653 | €7,153 | -€5,500 | -43.5% |
| Amounts payable | 17/49 | €2,055,152 | €1,615,169 | -€439,983 | -21.4% |
| Amounts payable within one year | 42/48 | €2,055,152 | €1,615,169 | -€439,983 | -21.4% |
| Trade debts | 44 | €13,189 | €28,429 | +€15,240 | +116% |
| Suppliers | 440/4 | €13,189 | €28,429 | +€15,240 | +116% |
| Taxes, remuneration and social security | 45 | €134 | €2,999 | +€2,865 | +2,140% |
| Taxes | 450/3 | €134 | €0 | -€134 | -100% |
| Remuneration and social security | 454/9 | €0 | €2,999 | +€2,999 | |
| Other amounts payable | 47/48 | €2,041,830 | €1,583,741 | -€458,088 | -22.4% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500,503 | €421,609 | -€78,894 | -15.8% |
| Other operating charges | 640/8 | €2,977 | €3,330 | +€353 | +11.9% |
| Gross operating margin | 9900 | €640,151 | €742,796 | +€102,645 | +16.0% |
| Operating profit (loss) | 9901 | €136,670 | €317,856 | +€181,186 | +133% |
| Financial charges | 65/66B | €676 | €841 | +€165 | +24.4% |
| Recurring financial charges | 65 | €676 | €841 | +€165 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €135,994 | €317,016 | +€181,021 | +133% |
| Transfer from deferred taxes | 780 | €7,478 | €5,500 | -€1,978 | -26.4% |
| Income taxes | 67/77 | €39,499 | €80,021 | +€40,522 | +103% |
| Profit (loss) for the period | 9904 | €103,974 | €242,494 | +€138,521 | +133% |
| Transfer from tax-exempt reserves | 789 | €14,522 | €16,500 | +€1,978 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,496 | €258,994 | +€140,499 | +119% |
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 23 October 2026 via checked.be.