Arnout: what changed
Arnout
Largest movements
- Receivables within one year +€46,987
up €46,987 (+115%), from €40,724 to €87,712
of which Trade receivables: +€48,650
- Deferred charges and accrued income +€15,363
up €15,363 (+521%), from €2,949 to €18,312
- Cash -€8,882
down €8,882 (-79.8%), from €11,123 to €2,241
mainly Receivables within one year (-€46,987) and Deferred charges and accrued income (-€15,363)
- Tangible fixed assets -€3,730
down €3,730 (-42.1%), from €8,860 to €5,130
- Trade debts +€26,402
up €26,402 (+71.4%), from €36,960 to €63,362
- Advances received +€25,378
new in 2025: €25,378
- Reserves +€4,000
up €4,000 (+44.4%), from €9,000 to €13,000
- Current portion of long-term debt -€2,737
down €2,737 (-58.0%), from €4,721 to €1,983
- Tax, wage and social debts -€2,250
down €2,250 (-40.7%), from €5,529 to €3,279
of which Taxes: -€4,157
- Staff costs +€38,405
new in 2025: €38,405
- Gross operating margin +€36,061
up €36,061 (+286%), from €12,615 to €48,676
- Depreciation +€940
up €940 (+33.7%), from €2,790 to €3,730
- Taxes -€781
down €781 (-36.5%), from €2,140 to €1,359
- Other operating charges +€595
up €595 (+86.8%), from €686 to €1,281
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,656 | €113,395 | +€49,738 | +78.1% |
| Fixed assets | 21/28 | €8,860 | €5,130 | -€3,730 | -42.1% |
| Tangible fixed assets | 22/27 | €8,860 | €5,130 | -€3,730 | -42.1% |
| Furniture and vehicles | 24 | €8,860 | €5,130 | -€3,730 | -42.1% |
| Current assets | 29/58 | €54,796 | €108,265 | +€53,468 | +97.6% |
| Amounts receivable within one year | 40/41 | €40,724 | €87,712 | +€46,987 | +115% |
| Trade receivables | 40 | €35,305 | €83,955 | +€48,650 | +138% |
| Other amounts receivable | 41 | €5,419 | €3,757 | -€1,662 | -30.7% |
| Cash at bank and in hand | 54/58 | €11,123 | €2,241 | -€8,882 | -79.8% |
| Deferred charges and accrued income | 490/1 | €2,949 | €18,312 | +€15,363 | +521% |
| Total equity and liabilities | 10/49 | €63,656 | €113,395 | +€49,738 | +78.1% |
| Equity | 10/15 | €14,464 | €18,075 | +€3,611 | +25.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €13,000 | +€4,000 | +44.4% |
| Distributable reserves | 133 | €9,000 | €13,000 | +€4,000 | +44.4% |
| Profit (loss) carried forward | 14 | €464 | €75 | -€389 | -83.8% |
| Amounts payable | 17/49 | €49,192 | €95,320 | +€46,127 | +93.8% |
| Amounts payable after more than one year | 17 | €1,983 | €0 | -€1,983 | -100% |
| Financial debts | 170/4 | €1,983 | €0 | -€1,983 | -100% |
| Amounts payable within one year | 42/48 | €47,209 | €95,320 | +€48,110 | +102% |
| Current portion of amounts payable after more than one year | 42 | €4,721 | €1,983 | -€2,737 | -58.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €36,960 | €63,362 | +€26,402 | +71.4% |
| Suppliers | 440/4 | €36,960 | €63,362 | +€26,402 | +71.4% |
| Advances received on contracts in progress | 46 | - | €25,378 | +€25,378 | |
| Taxes, remuneration and social security | 45 | €5,529 | €3,279 | -€2,250 | -40.7% |
| Taxes | 450/3 | €5,529 | €1,372 | -€4,157 | -75.2% |
| Remuneration and social security | 454/9 | - | €1,908 | +€1,908 | |
| Other amounts payable | 47/48 | €0 | €1,318 | +€1,318 | |
| Remuneration, social security and pensions | 62 | - | €38,405 | +€38,405 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,790 | €3,730 | +€940 | +33.7% |
| Other operating charges | 640/8 | €686 | €1,281 | +€595 | +86.8% |
| Gross operating margin | 9900 | €12,615 | €48,676 | +€36,061 | +286% |
| Operating profit (loss) | 9901 | €9,139 | €5,260 | -€3,880 | -42.5% |
| Financial income | 75/76B | €100 | €1 | -€99 | -99.4% |
| Recurring financial income | 75 | €100 | €1 | -€99 | -99.4% |
| Financial charges | 65/66B | €178 | €290 | +€113 | +63.4% |
| Recurring financial charges | 65 | €178 | €290 | +€113 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | €9,062 | €4,970 | -€4,092 | -45.2% |
| Income taxes | 67/77 | €2,140 | €1,359 | -€781 | -36.5% |
| Profit (loss) for the period | 9904 | €6,922 | €3,611 | -€3,311 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,922 | €3,611 | -€3,311 | -47.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.