ARNOULD MANAGEMENT: 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.
ARNOULD MANAGEMENT
Largest movements
- Current investments +€126,653
up €126,653 (+30.9%), from €409,697 to €536,349
- Cash -€88,313
down €88,313 (-30.3%), from €291,118 to €202,805
mainly Current investments (-€126,653) and Contributions, distributions and other (-€118,844)
- Receivables within one year +€57,538
up €57,538 (+853.7%), from €6,740 to €64,278
of which Trade receivables: +€58,069
- Tangible fixed assets -€18,319
down €18,319 (-7.2%), from €254,332 to €236,013
of which Land and buildings: -€15,654
- Other debts +€116,462
up €116,462 (+805.2%), from €14,464 to €130,926
- Reserves -€61,733
down €61,733 (-13.1%), from €471,032 to €409,299
- Tax, wage and social debts +€23,089
up €23,089 (+1832.9%), from €1,260 to €24,349
- Gross operating margin +€49,848
up €49,848 (+107.5%), from €46,369 to €96,217
- Taxes +€19,718
up €19,718 (+194.5%), from €10,136 to €29,854
- Financial income +€11,144
up €11,144 (+180.5%), from €6,175 to €17,319
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 | €963,501 | €1,042,559 | +€79,058 | +8.2% |
| Fixed assets | 21/28 | €254,480 | €236,162 | -€18,319 | -7.2% |
| Tangible fixed assets | 22/27 | €254,332 | €236,013 | -€18,319 | -7.2% |
| Land and buildings | 22 | €247,842 | €232,188 | -€15,654 | -6.3% |
| Furniture and vehicles | 24 | €6,490 | €3,825 | -€2,665 | -41.1% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €709,021 | €806,397 | +€97,376 | +13.7% |
| Amounts receivable within one year | 40/41 | €6,740 | €64,278 | +€57,538 | +853.7% |
| Trade receivables | 40 | €6,208 | €64,278 | +€58,069 | +935.4% |
| Other amounts receivable | 41 | €531 | - | -€531 | |
| Current investments | 50/53 | €409,697 | €536,349 | +€126,653 | +30.9% |
| Cash at bank and in hand | 54/58 | €291,118 | €202,805 | -€88,313 | -30.3% |
| Deferred charges and accrued income | 490/1 | €1,466 | €2,965 | +€1,499 | +102.2% |
| Total equity and liabilities | 10/49 | €963,501 | €1,042,559 | +€79,058 | +8.2% |
| Equity | 10/15 | €529,598 | €467,865 | -€61,733 | -11.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €471,032 | €409,299 | -€61,733 | -13.1% |
| Distributable reserves | 133 | €471,032 | €409,299 | -€61,733 | -13.1% |
| Profit (loss) carried forward | 14 | €52,369 | €52,369 | = | 0.0% |
| Provisions and deferred taxes | 16 | €412,400 | €412,400 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €412,400 | €412,400 | = | 0.0% |
| Other liabilities and charges | 164/5 | €412,400 | €412,400 | = | 0.0% |
| Amounts payable | 17/49 | €21,503 | €162,294 | +€140,791 | +654.7% |
| Amounts payable within one year | 42/48 | €18,902 | €162,294 | +€143,392 | +758.6% |
| Trade debts | 44 | €3,178 | €7,019 | +€3,841 | +120.9% |
| Suppliers | 440/4 | €3,178 | €7,019 | +€3,841 | +120.9% |
| Taxes, remuneration and social security | 45 | €1,260 | €24,349 | +€23,089 | +1832.9% |
| Taxes | 450/3 | €1,260 | €24,349 | +€23,089 | +1832.9% |
| Other amounts payable | 47/48 | €14,464 | €130,926 | +€116,462 | +805.2% |
| Accrued charges and deferred income | 492/3 | €2,601 | - | -€2,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,109 | €19,624 | +€514 | +2.7% |
| Other operating charges | 640/8 | €6,134 | €6,354 | +€219 | +3.6% |
| Non-recurring operating charges | 66A | €32 | €245 | +€213 | +674.1% |
| Gross operating margin | 9900 | €46,369 | €96,217 | +€49,848 | +107.5% |
| Operating profit (loss) | 9901 | €21,094 | €69,995 | +€48,901 | +231.8% |
| Financial income | 75/76B | €6,175 | €17,319 | +€11,144 | +180.5% |
| Recurring financial income | 75 | €6,175 | €17,319 | +€11,144 | +180.5% |
| Financial charges | 65/66B | €333 | €348 | +€14 | +4.3% |
| Recurring financial charges | 65 | €333 | €348 | +€14 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €26,935 | €86,966 | +€60,030 | +222.9% |
| Income taxes | 67/77 | €10,136 | €29,854 | +€19,718 | +194.5% |
| Profit (loss) for the period | 9904 | €16,799 | €57,111 | +€40,312 | +240.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,799 | €57,111 | +€40,312 | +240.0% |
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.