Arou: 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.
Arou
Largest movements
- Stocks and contracts +€130,767
up €130,767 (+45.2%), from €289,003 to €419,770
- Receivables within one year -€105,285
down €105,285 (-87.7%), from €120,112 to €14,827
- Cash -€31,390
down €31,390 (-66.3%), from €47,347 to €15,956
mainly Stocks and contracts (-€130,767) and Investment in fixed assets (net) (-€14,750)
- Tangible fixed assets +€8,533
up €8,533 (+47.6%), from €17,918 to €26,451
of which Furniture and vehicles: +€5,524
- Trade debts -€12,288
down €12,288 (-33.4%), from €36,805 to €24,517
- Accrued charges and deferred income +€9,435
new in 2025: €9,435
- Tax, wage and social debts +€6,224
up €6,224 (+36.2%), from €17,191 to €23,415
- Staff costs +€39,792
up €39,792 (+103.6%), from €38,416 to €78,208
- Gross operating margin +€35,036
up €35,036 (+63.0%), from €55,600 to €90,637
- Depreciation +€6,217
new in 2025: €6,217
- Taxes -€2,839
down €2,839 (-69.1%), from €4,110 to €1,271
- Other operating charges +€1,987
up €1,987 (+245.0%), from €811 to €2,798
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 | €474,380 | €477,005 | +€2,624 | +0.6% |
| Fixed assets | 21/28 | €17,918 | €26,451 | +€8,533 | +47.6% |
| Tangible fixed assets | 22/27 | €17,918 | €26,451 | +€8,533 | +47.6% |
| Plant, machinery and equipment | 23 | €17,918 | €20,927 | +€3,009 | +16.8% |
| Furniture and vehicles | 24 | - | €5,524 | +€5,524 | |
| Current assets | 29/58 | €456,462 | €450,554 | -€5,909 | -1.3% |
| Stocks and contracts in progress | 3 | €289,003 | €419,770 | +€130,767 | +45.2% |
| Stocks | 30/36 | €289,003 | €419,770 | +€130,767 | +45.2% |
| Amounts receivable within one year | 40/41 | €120,112 | €14,827 | -€105,285 | -87.7% |
| Trade receivables | 40 | €120,112 | €14,827 | -€105,285 | -87.7% |
| Cash at bank and in hand | 54/58 | €47,347 | €15,956 | -€31,390 | -66.3% |
| Total equity and liabilities | 10/49 | €474,380 | €477,005 | +€2,624 | +0.6% |
| Equity | 10/15 | €56,560 | €58,477 | +€1,916 | +3.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,560 | €55,477 | +€1,916 | +3.6% |
| Amounts payable | 17/49 | €417,820 | €418,528 | +€708 | +0.2% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €267,820 | €259,093 | -€8,727 | -3.3% |
| Trade debts | 44 | €36,805 | €24,517 | -€12,288 | -33.4% |
| Suppliers | 440/4 | €36,805 | €24,517 | -€12,288 | -33.4% |
| Taxes, remuneration and social security | 45 | €17,191 | €23,415 | +€6,224 | +36.2% |
| Taxes | 450/3 | €17,191 | €23,415 | +€6,224 | +36.2% |
| Other amounts payable | 47/48 | €213,823 | €211,161 | -€2,662 | -1.2% |
| Accrued charges and deferred income | 492/3 | - | €9,435 | +€9,435 | |
| Remuneration, social security and pensions | 62 | €38,416 | €78,208 | +€39,792 | +103.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,217 | +€6,217 | |
| Other operating charges | 640/8 | €811 | €2,798 | +€1,987 | +245.0% |
| Gross operating margin | 9900 | €55,600 | €90,637 | +€35,036 | +63.0% |
| Operating profit (loss) | 9901 | €16,373 | €3,414 | -€12,960 | -79.2% |
| Financial charges | 65/66B | €127 | €226 | +€99 | +78.3% |
| Recurring financial charges | 65 | €127 | €226 | +€99 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | €16,247 | €3,187 | -€13,059 | -80.4% |
| Income taxes | 67/77 | €4,110 | €1,271 | -€2,839 | -69.1% |
| Profit (loss) for the period | 9904 | €12,136 | €1,916 | -€10,220 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,136 | €1,916 | -€10,220 | -84.2% |
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 6 October 2026 via checked.be.