Arnouts: 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.
Arnouts
Largest movements
- Tangible fixed assets -€35,166
down €35,166 (-17.5%), from €201,113 to €165,948
of which Land and buildings: -€36,375
- Receivables within one year +€3,026
up €3,026 (+49.3%), from €6,139 to €9,166
of which Other amounts receivable: +€2,081
- Cash -€2,859
down €2,859 (-44.8%), from €6,378 to €3,519
mainly Debts after one year (-€33,728) and Current portion of long-term debt (-€22,444)
- Debts after one year -€33,728
no longer reported in 2025 (was €33,728)
- Reserves +€33,014
up €33,014 (+98.3%), from €33,578 to €66,593
- Current portion of long-term debt -€22,444
no longer reported in 2025 (was €22,444)
- Other debts -€6,167
down €6,167 (-7.4%), from €82,990 to €76,822
- Short-term financial debts -€4,573
down €4,573 (-97.6%), from €4,685 to €111
- Gross operating margin +€32,864
up €32,864 (+111.2%), from €29,555 to €62,419
- Taxes +€11,397
up €11,397 (+168.3%), from €6,773 to €18,171
- Financial charges -€1,999
down €1,999 (-64.7%), from €3,087 to €1,089
- Depreciation -€860
down €860 (-10.2%), from €8,415 to €7,555
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 | €217,156 | €181,963 | -€35,194 | -16.2% |
| Fixed assets | 21/28 | €201,398 | €166,233 | -€35,166 | -17.5% |
| Tangible fixed assets | 22/27 | €201,113 | €165,948 | -€35,166 | -17.5% |
| Land and buildings | 22 | €200,613 | €164,238 | -€36,375 | -18.1% |
| Plant, machinery and equipment | 23 | €312 | €1,710 | +€1,398 | +448.1% |
| Other tangible fixed assets | 26 | €189 | - | -€189 | |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €15,758 | €15,730 | -€28 | -0.2% |
| Stocks and contracts in progress | 3 | €3,240 | €3,045 | -€195 | -6.0% |
| Stocks | 30/36 | €3,240 | €3,045 | -€195 | -6.0% |
| Amounts receivable within one year | 40/41 | €6,139 | €9,166 | +€3,026 | +49.3% |
| Trade receivables | 40 | €5,419 | €6,364 | +€945 | +17.4% |
| Other amounts receivable | 41 | €720 | €2,801 | +€2,081 | +289.1% |
| Cash at bank and in hand | 54/58 | €6,378 | €3,519 | -€2,859 | -44.8% |
| Total equity and liabilities | 10/49 | €217,156 | €181,963 | -€35,194 | -16.2% |
| Equity | 10/15 | €59,368 | €92,382 | +€33,014 | +55.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €33,578 | €66,593 | +€33,014 | +98.3% |
| Distributable reserves | 133 | €33,578 | €66,593 | +€33,014 | +98.3% |
| Profit (loss) carried forward | 14 | €7,197 | €7,197 | = | 0.0% |
| Amounts payable | 17/49 | €157,788 | €89,581 | -€68,208 | -43.2% |
| Amounts payable after more than one year | 17 | €33,728 | - | -€33,728 | |
| Financial debts | 170/4 | €33,728 | - | -€33,728 | |
| Amounts payable within one year | 42/48 | €124,060 | €89,581 | -€34,480 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €22,444 | - | -€22,444 | |
| Financial debts | 43 | €4,685 | €111 | -€4,573 | -97.6% |
| Credit institutions | 430/8 | €4,685 | €111 | -€4,573 | -97.6% |
| Trade debts | 44 | €6,065 | €1,815 | -€4,250 | -70.1% |
| Suppliers | 440/4 | €6,065 | €1,815 | -€4,250 | -70.1% |
| Taxes, remuneration and social security | 45 | €7,877 | €10,832 | +€2,955 | +37.5% |
| Taxes | 450/3 | €7,877 | €5,423 | -€2,454 | -31.2% |
| Remuneration and social security | 454/9 | - | €5,409 | +€5,409 | |
| Other amounts payable | 47/48 | €82,990 | €76,822 | -€6,167 | -7.4% |
| Non-recurring operating income | 76A | - | €59,816 | +€59,816 | |
| Remuneration, social security and pensions | 62 | €146 | €149 | +€3 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,415 | €7,555 | -€860 | -10.2% |
| Other operating charges | 640/8 | €2,947 | €2,458 | -€489 | -16.6% |
| Gross operating margin | 9900 | €29,555 | €62,419 | +€32,864 | +111.2% |
| Operating profit (loss) | 9901 | €18,047 | €52,257 | +€34,210 | +189.6% |
| Financial income | 75/76B | €6 | €17 | +€11 | +203.0% |
| Recurring financial income | 75 | €6 | €17 | +€11 | +203.0% |
| Financial charges | 65/66B | €3,087 | €1,089 | -€1,999 | -64.7% |
| Recurring financial charges | 65 | €3,087 | €1,089 | -€1,999 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €14,966 | €51,185 | +€36,220 | +242.0% |
| Income taxes | 67/77 | €6,773 | €18,171 | +€11,397 | +168.3% |
| Profit (loss) for the period | 9904 | €8,192 | €33,014 | +€24,822 | +303.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,192 | €33,014 | +€24,822 | +303.0% |
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 11 October 2026 via checked.be.