ARNOUT: 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.
ARNOUT
Largest movements
- Receivables after one year -€185,000
down €185,000 (-100.0%), from €185,000 to €0
- Cash +€46,571
up €46,571 (+305.3%), from €15,256 to €61,827
mainly Receivables after one year (+€185,000) and Depreciation (+€5,613)
- Tangible fixed assets -€5,613
down €5,613 (-11.7%), from €47,816 to €42,203
- Profit (loss) carried forward -€69,923
down €69,923 (-114.1%), from -€61,308 to -€131,230
- Other debts -€61,520
down €61,520 (-15.6%), from €393,254 to €331,734
- Tax, wage and social debts -€7,960
down €7,960 (-96.9%), from €8,210 to €250
- Trade debts -€7,034
down €7,034 (-89.4%), from €7,872 to €838
- Other operating charges -€47,586
down €47,586 (-87.5%), from €54,374 to €6,788
- Gross operating margin +€16,369
up €16,369 (+22.2%), from -€73,783 to -€57,414
- Financial charges -€4,835
down €4,835 (-98.9%), from €4,889 to €54
- Write-downs -€3,585
down €3,585 (-100.0%), from €3,585 to €0
- Depreciation -€3,227
down €3,227 (-36.5%), from €8,840 to €5,613
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,875 | €400,816 | -€147,059 | -26.8% |
| Fixed assets | 21/28 | €49,490 | €42,203 | -€7,288 | -14.7% |
| Tangible fixed assets | 22/27 | €47,816 | €42,203 | -€5,613 | -11.7% |
| Plant, machinery and equipment | 23 | €47,816 | €42,203 | -€5,613 | -11.7% |
| Financial fixed assets | 28 | €1,674 | €0 | -€1,674 | -100.0% |
| Current assets | 29/58 | €498,385 | €358,613 | -€139,771 | -28.0% |
| Amounts receivable after more than one year | 29 | €185,000 | €0 | -€185,000 | -100.0% |
| Other amounts receivable | 291 | €185,000 | €0 | -€185,000 | -100.0% |
| Stocks and contracts in progress | 3 | €47,091 | €41,706 | -€5,385 | -11.4% |
| Stocks | 30/36 | €47,091 | €41,706 | -€5,385 | -11.4% |
| Amounts receivable within one year | 40/41 | €249,638 | €254,447 | +€4,809 | +1.9% |
| Trade receivables | 40 | - | €4,809 | +€4,809 | |
| Other amounts receivable | 41 | €249,638 | €249,638 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,256 | €61,827 | +€46,571 | +305.3% |
| Deferred charges and accrued income | 490/1 | €1,400 | €633 | -€767 | -54.8% |
| Total equity and liabilities | 10/49 | €547,875 | €400,816 | -€147,059 | -26.8% |
| Equity | 10/15 | €137,563 | €67,640 | -€69,923 | -50.8% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €74,924 | €74,924 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,529 | €62,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,308 | -€131,230 | -€69,923 | -114.1% |
| Amounts payable | 17/49 | €410,312 | €333,176 | -€77,136 | -18.8% |
| Amounts payable within one year | 42/48 | €410,295 | €332,856 | -€77,439 | -18.9% |
| Trade debts | 44 | €7,872 | €838 | -€7,034 | -89.4% |
| Suppliers | 440/4 | €7,872 | €838 | -€7,034 | -89.4% |
| Advances received on contracts in progress | 46 | €959 | €34 | -€925 | -96.5% |
| Taxes, remuneration and social security | 45 | €8,210 | €250 | -€7,960 | -96.9% |
| Taxes | 450/3 | €8,210 | €250 | -€7,960 | -96.9% |
| Other amounts payable | 47/48 | €393,254 | €331,734 | -€61,520 | -15.6% |
| Accrued charges and deferred income | 492/3 | €17 | €320 | +€303 | +1812.2% |
| Remuneration, social security and pensions | 62 | €52 | €53 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,840 | €5,613 | -€3,227 | -36.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,585 | €0 | -€3,585 | -100.0% |
| Other operating charges | 640/8 | €54,374 | €6,788 | -€47,586 | -87.5% |
| Gross operating margin | 9900 | -€73,783 | -€57,414 | +€16,369 | +22.2% |
| Operating profit (loss) | 9901 | -€140,634 | -€69,869 | +€70,765 | +50.3% |
| Financial income | 75/76B | €41 | €0 | -€41 | -100.0% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -100.0% |
| Financial charges | 65/66B | €4,889 | €54 | -€4,835 | -98.9% |
| Recurring financial charges | 65 | €4,889 | €54 | -€4,835 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | -€145,482 | -€69,923 | +€75,559 | +51.9% |
| Profit (loss) for the period | 9904 | -€145,482 | -€69,923 | +€75,559 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€145,482 | -€69,923 | +€75,559 | +51.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.