Arongo: 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.
Arongo
Largest movements
- Cash -€43,184
down €43,184 (-11.8%), from €365,858 to €322,674
mainly Other debts (-€86,734) and Debts after one year (-€27,381)
- Tangible fixed assets -€31,813
down €31,813 (-16.0%), from €198,716 to €166,903
of which Furniture and vehicles: -€17,658
- Receivables within one year +€6,840
up €6,840 (+72.7%), from €9,412 to €16,252
of which Trade receivables: +€13,965
- Other debts -€86,734
down €86,734 (-78.4%), from €110,627 to €23,893
- Reserves +€31,574
up €31,574 (+20.5%), from €154,300 to €185,874
of which Distributable reserves: +€31,574
- Debts after one year -€27,381
down €27,381 (-15.6%), from €175,029 to €147,648
- Tax, wage and social debts +€7,597
up €7,597 (+135.0%), from €5,629 to €13,226
- Gross operating margin +€45,821
up €45,821 (+118.7%), from €38,602 to €84,423
- Taxes +€11,301
up €11,301 (+1291.5%), from €875 to €12,176
- Depreciation -€1,199
down €1,199 (-3.6%), from €33,012 to €31,813
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 | €578,471 | €508,576 | -€69,895 | -12.1% |
| Fixed assets | 21/28 | €198,716 | €166,903 | -€31,813 | -16.0% |
| Tangible fixed assets | 22/27 | €198,716 | €166,903 | -€31,813 | -16.0% |
| Land and buildings | 22 | €135,521 | €121,366 | -€14,155 | -10.4% |
| Furniture and vehicles | 24 | €63,195 | €45,537 | -€17,658 | -27.9% |
| Current assets | 29/58 | €379,755 | €341,673 | -€38,082 | -10.0% |
| Amounts receivable within one year | 40/41 | €9,412 | €16,252 | +€6,840 | +72.7% |
| Trade receivables | 40 | €2,287 | €16,252 | +€13,965 | +610.6% |
| Other amounts receivable | 41 | €7,125 | - | -€7,125 | |
| Cash at bank and in hand | 54/58 | €365,858 | €322,674 | -€43,184 | -11.8% |
| Deferred charges and accrued income | 490/1 | €4,485 | €2,747 | -€1,738 | -38.8% |
| Total equity and liabilities | 10/49 | €578,471 | €508,576 | -€69,895 | -12.1% |
| Equity | 10/15 | €256,799 | €288,373 | +€31,574 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,300 | €185,874 | +€31,574 | +20.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,400 | €47,400 | = | 0.0% |
| Distributable reserves | 133 | €105,040 | €136,614 | +€31,574 | +30.1% |
| Profit (loss) carried forward | 14 | €83,899 | €83,899 | = | 0.0% |
| Amounts payable | 17/49 | €321,672 | €220,203 | -€101,469 | -31.5% |
| Amounts payable after more than one year | 17 | €175,029 | €147,648 | -€27,381 | -15.6% |
| Financial debts | 170/4 | €175,029 | €147,648 | -€27,381 | -15.6% |
| Amounts payable within one year | 42/48 | €146,643 | €72,555 | -€74,088 | -50.5% |
| Current portion of amounts payable after more than one year | 42 | €29,113 | €30,078 | +€965 | +3.3% |
| Trade debts | 44 | €1,274 | €5,358 | +€4,084 | +320.6% |
| Suppliers | 440/4 | €1,274 | €5,358 | +€4,084 | +320.6% |
| Taxes, remuneration and social security | 45 | €5,629 | €13,226 | +€7,597 | +135.0% |
| Taxes | 450/3 | €5,629 | €13,226 | +€7,597 | +135.0% |
| Other amounts payable | 47/48 | €110,627 | €23,893 | -€86,734 | -78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,012 | €31,813 | -€1,199 | -3.6% |
| Other operating charges | 640/8 | €1,255 | €1,771 | +€516 | +41.1% |
| Gross operating margin | 9900 | €38,602 | €84,423 | +€45,821 | +118.7% |
| Operating profit (loss) | 9901 | €4,335 | €50,839 | +€46,504 | +1072.8% |
| Financial charges | 65/66B | €7,202 | €7,089 | -€113 | -1.6% |
| Recurring financial charges | 65 | €7,202 | €6,439 | -€763 | -10.6% |
| Non-recurring financial charges | 66B | - | €650 | +€650 | |
| Profit (loss) for the period before taxes | 9903 | -€2,867 | €43,750 | +€46,617 | |
| Income taxes | 67/77 | €875 | €12,176 | +€11,301 | +1291.5% |
| Profit (loss) for the period | 9904 | -€3,742 | €31,574 | +€35,316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,742 | €31,574 | +€35,316 |
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 7 October 2026 via checked.be.