ARODAN: 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.
ARODAN
Largest movements
- Cash -€209,285
down €209,285 (-78.0%), from €268,253 to €58,968
mainly Current investments (-€120,000) and Tax, wage and social debts (-€61,311)
- Current investments +€120,000
new in 2024: €120,000
- Tangible fixed assets -€16,472
down €16,472 (-30.9%), from €53,372 to €36,900
of which Furniture and vehicles: -€17,094
- Tax, wage and social debts -€61,311
down €61,311 (-67.4%), from €90,970 to €29,659
- Other debts -€35,093
down €35,093 (-19.1%), from €183,261 to €148,168
- Debts after one year -€8,034
down €8,034 (-44.3%), from €18,141 to €10,107
- Gross operating margin -€41,927
down €41,927 (-29.2%), from €143,401 to €101,474
- Taxes -€10,533
down €10,533 (-38.0%), from €27,714 to €17,181
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,508 | €224,056 | -€105,452 | -32.0% |
| Fixed assets | 21/28 | €53,372 | €36,900 | -€16,472 | -30.9% |
| Tangible fixed assets | 22/27 | €53,372 | €36,900 | -€16,472 | -30.9% |
| Land and buildings | 22 | - | €814 | +€814 | |
| Plant, machinery and equipment | 23 | €365 | €173 | -€193 | -52.7% |
| Furniture and vehicles | 24 | €53,007 | €35,913 | -€17,094 | -32.2% |
| Current assets | 29/58 | €276,136 | €187,156 | -€88,980 | -32.2% |
| Amounts receivable within one year | 40/41 | €1,895 | €1,857 | -€38 | -2.0% |
| Trade receivables | 40 | - | €1,784 | +€1,784 | |
| Other amounts receivable | 41 | €1,895 | €73 | -€1,822 | -96.1% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €268,253 | €58,968 | -€209,285 | -78.0% |
| Deferred charges and accrued income | 490/1 | €5,988 | €6,332 | +€344 | +5.7% |
| Total equity and liabilities | 10/49 | €329,508 | €224,056 | -€105,452 | -32.0% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €309,048 | €203,596 | -€105,452 | -34.1% |
| Amounts payable after more than one year | 17 | €18,141 | €10,107 | -€8,034 | -44.3% |
| Financial debts | 170/4 | €18,141 | €10,107 | -€8,034 | -44.3% |
| Amounts payable within one year | 42/48 | €290,907 | €193,489 | -€97,418 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €7,988 | €8,034 | +€46 | +0.6% |
| Trade debts | 44 | €8,687 | €7,628 | -€1,059 | -12.2% |
| Suppliers | 440/4 | €8,687 | €7,628 | -€1,059 | -12.2% |
| Taxes, remuneration and social security | 45 | €90,970 | €29,659 | -€61,311 | -67.4% |
| Taxes | 450/3 | €90,970 | €29,659 | -€61,311 | -67.4% |
| Other amounts payable | 47/48 | €183,261 | €148,168 | -€35,093 | -19.1% |
| Remuneration, social security and pensions | 62 | €176 | - | -€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,487 | €20,072 | -€415 | -2.0% |
| Other operating charges | 640/8 | €1,459 | €1,408 | -€52 | -3.5% |
| Gross operating margin | 9900 | €143,401 | €101,474 | -€41,927 | -29.2% |
| Operating profit (loss) | 9901 | €121,280 | €79,995 | -€41,284 | -34.0% |
| Financial income | 75/76B | €2,189 | €2,260 | +€71 | +3.2% |
| Recurring financial income | 75 | €2,189 | €2,260 | +€71 | +3.2% |
| Financial charges | 65/66B | €7,728 | €6,920 | -€808 | -10.5% |
| Recurring financial charges | 65 | €7,728 | €6,920 | -€808 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €115,741 | €75,335 | -€40,406 | -34.9% |
| Income taxes | 67/77 | €27,714 | €17,181 | -€10,533 | -38.0% |
| Profit (loss) for the period | 9904 | €88,027 | €58,155 | -€29,873 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,027 | €58,155 | -€29,873 | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.