ARNUNDI: 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.
ARNUNDI
Largest movements
- Cash +€247,753
up €247,753 (+42.7%), from €580,825 to €828,578
mainly Net result for the year (+€216,155) and Depreciation (+€32,840)
- Tangible fixed assets -€30,511
down €30,511 (-14.1%), from €216,267 to €185,756
of which Leasing and similar rights: -€17,670
- Reserves +€216,155
up €216,155 (+27.8%), from €778,385 to €994,540
of which Distributable reserves: +€216,155
- Gross operating margin +€57,746
up €57,746 (+20.9%), from €276,574 to €334,320
- Financial income -€55,457
down €55,457 (-85.4%), from €64,941 to €9,484
- Taxes +€12,425
up €12,425 (+15.1%), from €82,187 to €94,612
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.
Derived cash bridge
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 | €798,667 | €1,015,909 | +€217,242 | +27.2% |
| Fixed assets | 21/28 | €217,842 | €187,331 | -€30,511 | -14.0% |
| Tangible fixed assets | 22/27 | €216,267 | €185,756 | -€30,511 | -14.1% |
| Plant, machinery and equipment | 23 | €4,890 | €4,609 | -€281 | -5.7% |
| Furniture and vehicles | 24 | €16,747 | €4,187 | -€12,560 | -75.0% |
| Leasing and similar rights | 25 | €194,630 | €176,960 | -€17,670 | -9.1% |
| Financial fixed assets | 28 | €1,575 | €1,575 | = | 0.0% |
| Current assets | 29/58 | €580,825 | €828,578 | +€247,753 | +42.7% |
| Cash at bank and in hand | 54/58 | €580,825 | €828,578 | +€247,753 | +42.7% |
| Total equity and liabilities | 10/49 | €798,667 | €1,015,909 | +€217,242 | +27.2% |
| Equity | 10/15 | €784,585 | €1,000,740 | +€216,155 | +27.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €778,385 | €994,540 | +€216,155 | +27.8% |
| Tax-exempt reserves | 132 | €160 | €160 | = | 0.0% |
| Distributable reserves | 133 | €778,225 | €994,380 | +€216,155 | +27.8% |
| Amounts payable | 17/49 | €14,082 | €15,169 | +€1,087 | +7.7% |
| Amounts payable within one year | 42/48 | €11,719 | €12,748 | +€1,029 | +8.8% |
| Trade debts | 44 | €7,106 | €11,112 | +€4,006 | +56.4% |
| Suppliers | 440/4 | €7,106 | €11,112 | +€4,006 | +56.4% |
| Taxes, remuneration and social security | 45 | €4,005 | €1,636 | -€2,369 | -59.2% |
| Taxes | 450/3 | €4,005 | €1,636 | -€2,369 | -59.2% |
| Other amounts payable | 47/48 | €608 | - | -€608 | |
| Accrued charges and deferred income | 492/3 | €2,363 | €2,421 | +€58 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,862 | €32,840 | -€1,022 | -3.0% |
| Other operating charges | 640/8 | €64 | - | -€64 | |
| Gross operating margin | 9900 | €276,574 | €334,320 | +€57,746 | +20.9% |
| Operating profit (loss) | 9901 | €242,648 | €301,480 | +€58,832 | +24.2% |
| Financial income | 75/76B | €64,941 | €9,484 | -€55,457 | -85.4% |
| Recurring financial income | 75 | €64,941 | €9,484 | -€55,457 | -85.4% |
| Financial charges | 65/66B | €1 | €197 | +€196 | +19,600% |
| Recurring financial charges | 65 | €1 | €197 | +€196 | +19,600% |
| Profit (loss) for the period before taxes | 9903 | €307,588 | €310,767 | +€3,179 | +1.0% |
| Income taxes | 67/77 | €82,187 | €94,612 | +€12,425 | +15.1% |
| Profit (loss) for the period | 9904 | €225,401 | €216,155 | -€9,246 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €225,401 | €216,155 | -€9,246 | -4.1% |
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 18 October 2026 via checked.be.