ARODO: 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.
What changed
ARODO
NACE 28.291, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €1.2m-€152,330
Equity
€3.5m
2024 · €3.1m+€440,058
Cash
€1.1m
2024 · €2.3m-€1.1m
Balance sheet total
€10.2m
2024 · €12.0m-€1.9m
Largest movements
Assets
- Cash -€1.1m
down €1.1m (-50.6%), from €2.3m to €1.1m
mainly Advances received (-€1.7m) and Contributions, distributions and other (-€565,268)
- Current investments -€500,000
down €500,000 (-50.0%), from €1.0m to €500,000
- Stocks and contracts -€449,005
down €449,005 (-16.7%), from €2.7m to €2.2m
of which Contracts in progress: -€385,580
- Receivables within one year +€187,856
up €187,856 (+4.0%), from €4.7m to €4.9m
of which Trade receivables: +€301,180
Equity and liabilities
- Advances received -€1.7m
down €1.7m (-35.0%), from €4.7m to €3.1m
- Reserves +€440,058
up €440,058 (+15.0%), from €2.9m to €3.4m
of which Distributable reserves: +€440,058
- Other debts -€426,298
down €426,298 (-80.6%), from €529,067 to €102,768
- Trade debts -€384,115
down €384,115 (-24.8%), from €1.5m to €1.2m
Income statement
- Turnover -€2.7m
down €2.7m (-10.3%), from €26.7m to €24.0m
- Goods and materials -€1.8m
down €1.8m (-15.4%), from €11.5m to €9.8m
of which Purchases: -€1.7m
- Staff costs +€411,078
up €411,078 (+4.3%), from €9.6m to €10.0m
- Services and other goods +€278,587
up €278,587 (+6.8%), from €4.1m to €4.4m
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.
Result 2024
€1.2m
Turnover
-€2.7m
Other operating income
+€59,007
Goods and materials
+€1.8m
Services and other goods
-€278,587
Staff costs
-€411,078
Depreciation
-€47,772
Write-downs
-€65,567
Provisions
-€70,999
Other operating charges
+€5,140
Other operating items
+€1.5m
Financial income
+€99,739
Financial charges
-€46,287
Taxes
+€94,302
Result 2025
€1.0m
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.
From operations
-€760,317
Investment
+€176,616
Financing
-€565,268
Cash 2024
€2.3m
From operations (derived)
-€760,317
Net result for the year
+€1.0m
Depreciation
+€311,877
Stocks and contracts
+€449,005
Receivables within one year
-€187,856
Deferred charges and accrued income
-€42,050
Provisions
+€66,791
Trade debts
-€384,115
Tax, wage and social debts
+€107,614
Advances received
-€1.7m
Other debts
-€426,298
Investment (derived)
+€176,616
Investment in fixed assets (net)
-€323,384
Current investments
+€500,000
Financing
-€565,268
Contributions, distributions and other
-€565,268
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,048,659 | €10,192,098 | -€1.9m | -15.4% |
| Fixed assets | 21/28 | €1,228,772 | €1,240,279 | +€11,506 | +0.9% |
| Intangible fixed assets | 21 | €72,287 | €133,100 | +€60,813 | +84.1% |
| Tangible fixed assets | 22/27 | €975,857 | €926,550 | -€49,306 | -5.1% |
| Plant, machinery and equipment | 23 | €514,319 | €497,782 | -€16,537 | -3.2% |
| Furniture and vehicles | 24 | €253,098 | €183,933 | -€69,164 | -27.3% |
| Other tangible fixed assets | 26 | €208,440 | €211,189 | +€2,749 | +1.3% |
| Assets under construction and advance payments | 27 | €0 | €33,646 | +€33,646 | |
| Financial fixed assets | 28 | €180,629 | €180,629 | = | 0.0% |
| Affiliated companies | 280/1 | €180,629 | €180,629 | = | 0.0% |
| Participating interests | 280 | €180,629 | €180,629 | = | 0.0% |
| Current assets | 29/58 | €10,819,887 | €8,951,819 | -€1.9m | -17.3% |
| Stocks and contracts in progress | 3 | €2,696,712 | €2,247,707 | -€449,005 | -16.7% |
| Stocks | 30/36 | €2,107,933 | €2,044,509 | -€63,425 | -3.0% |
| Goods purchased for resale | 34 | €2,107,933 | €2,044,509 | -€63,425 | -3.0% |
| Contracts in progress | 37 | €588,779 | €203,199 | -€385,580 | -65.5% |
| Amounts receivable within one year | 40/41 | €4,685,088 | €4,872,944 | +€187,856 | +4.0% |
| Trade receivables | 40 | €4,470,485 | €4,771,665 | +€301,180 | +6.7% |
| Other amounts receivable | 41 | €214,603 | €101,279 | -€113,323 | -52.8% |
| Current investments | 50/53 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Other investments | 51/53 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €2,269,925 | €1,120,956 | -€1.1m | -50.6% |
| Deferred charges and accrued income | 490/1 | €168,162 | €210,212 | +€42,050 | +25.0% |
| Total equity and liabilities | 10/49 | €12,048,659 | €10,192,098 | -€1.9m | -15.4% |
| Equity | 10/15 | €3,087,086 | €3,527,144 | +€440,058 | +14.3% |
| Contributions | 10/11 | €158,324 | €158,324 | = | 0.0% |
| Reserves | 13 | €2,928,762 | €3,368,820 | +€440,058 | +15.0% |
| Tax-exempt reserves | 132 | €79,990 | €79,990 | = | 0.0% |
| Distributable reserves | 133 | €2,848,772 | €3,288,830 | +€440,058 | +15.4% |
| Provisions and deferred taxes | 16 | €114,357 | €181,148 | +€66,791 | +58.4% |
| Provisions for liabilities and charges | 160/5 | €114,357 | €181,148 | +€66,791 | +58.4% |
| Other liabilities and charges | 164/5 | €114,357 | €181,148 | +€66,791 | +58.4% |
| Amounts payable | 17/49 | €8,847,216 | €6,483,806 | -€2.4m | -26.7% |
| Amounts payable within one year | 42/48 | €8,847,216 | €6,483,806 | -€2.4m | -26.7% |
| Trade debts | 44 | €1,548,073 | €1,163,958 | -€384,115 | -24.8% |
| Suppliers | 440/4 | €1,548,073 | €1,163,958 | -€384,115 | -24.8% |
| Advances received on contracts in progress | 46 | €4,738,715 | €3,078,104 | -€1.7m | -35.0% |
| Taxes, remuneration and social security | 45 | €2,031,361 | €2,138,975 | +€107,614 | +5.3% |
| Taxes | 450/3 | €534,554 | €657,828 | +€123,274 | +23.1% |
| Remuneration and social security | 454/9 | €1,496,807 | €1,481,147 | -€15,660 | -1.0% |
| Other amounts payable | 47/48 | €529,067 | €102,768 | -€426,298 | -80.6% |
| Operating income | 70/76A | €26,902,967 | €25,681,556 | -€1.2m | -4.5% |
| Turnover | 70 | €26,733,342 | €23,991,930 | -€2.7m | -10.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€136,773 | €1,275,031 | +€1.4m | |
| Own construction capitalised | 72 | - | €37,757 | +€37,757 | |
| Other operating income | 74 | €305,149 | €364,156 | +€59,007 | +19.3% |
| Non-recurring operating income | 76A | €1,250 | €12,682 | +€11,432 | +914.5% |
| Operating charges | 60/66A | €25,473,870 | €24,552,543 | -€921,327 | -3.6% |
| Goods for resale, raw materials and consumables | 60 | €11,521,481 | €9,751,890 | -€1.8m | -15.4% |
| Purchases | 600/8 | €11,342,554 | €9,673,935 | -€1.7m | -14.7% |
| Change in stocks: decrease (increase) | 609 | €178,927 | €77,956 | -€100,971 | -56.4% |
| Services and other goods | 61 | €4,103,067 | €4,381,654 | +€278,587 | +6.8% |
| Remuneration, social security and pensions | 62 | €9,614,989 | €10,026,067 | +€411,078 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,105 | €311,877 | +€47,772 | +18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€77,165 | -€11,598 | +€65,567 | +85.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,208 | €66,791 | +€70,999 | |
| Other operating charges | 640/8 | €16,002 | €10,863 | -€5,140 | -32.1% |
| Non-recurring operating charges | 66A | €35,599 | €15,000 | -€20,599 | -57.9% |
| Operating profit (loss) | 9901 | €1,429,097 | €1,129,013 | -€300,084 | -21.0% |
| Financial income | 75/76B | €176,281 | €276,020 | +€99,739 | +56.6% |
| Recurring financial income | 75 | €176,281 | €276,020 | +€99,739 | +56.6% |
| Income from financial fixed assets | 750 | €41,500 | €217,162 | +€175,662 | +423.3% |
| Income from current assets | 751 | €119,818 | €37,769 | -€82,048 | -68.5% |
| Other financial income | 752/9 | €14,963 | €21,089 | +€6,125 | +40.9% |
| Financial charges | 65/66B | €50,128 | €96,414 | +€46,287 | +92.3% |
| Recurring financial charges | 65 | €50,128 | €96,414 | +€46,287 | +92.3% |
| Debt charges | 650 | €7,328 | €30,977 | +€23,648 | +322.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €35,000 | +€35,000 | |
| Other financial charges | 652/9 | €42,799 | €30,438 | -€12,362 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €1,555,250 | €1,308,618 | -€246,632 | -15.9% |
| Income taxes | 67/77 | €397,593 | €303,292 | -€94,302 | -23.7% |
| Taxes | 670/3 | €425,882 | €305,493 | -€120,389 | -28.3% |
| Tax adjustments and reversals of tax provisions | 77 | €28,289 | €2,201 | -€26,088 | -92.2% |
| Profit (loss) for the period | 9904 | €1,157,657 | €1,005,327 | -€152,330 | -13.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,157,657 | €1,005,327 | -€152,330 | -13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.