ARROJU: 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.
ARROJU
Largest movements
- Receivables within one year -€20,188
down €20,188 (-53.4%), from €37,809 to €17,621
of which Trade receivables: -€15,103
- Stocks and contracts -€18,498
down €18,498 (-16.1%), from €115,012 to €96,514
- Deferred charges and accrued income +€5,712
up €5,712 (+117%), from €4,882 to €10,595
- Debts after one year -€12,693
down €12,693 (-13.3%), from €95,784 to €83,091
- Other debts -€9,201
down €9,201 (-10.2%), from €90,414 to €81,213
- Profit (loss) carried forward -€4,535
down €4,535 (-7.5%), from -€60,697 to -€65,232
- Tax, wage and social debts -€3,968
down €3,968 (-11.9%), from €33,444 to €29,476
of which Remuneration and social security: -€5,000
- Trade debts -€2,436
down €2,436 (-36.3%), from €6,719 to €4,283
- Gross operating margin +€51,289
up €51,289, from -€38,722 to €12,568
- Financial charges +€1,315
up €1,315 (+63.6%), from €2,067 to €3,382
- Depreciation +€457
up €457 (+6.9%), from €6,589 to €7,046
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.
Derived cash bridge
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 | €203,744 | €171,244 | -€32,500 | -16.0% |
| Fixed assets | 21/28 | €42,022 | €40,774 | -€1,248 | -3.0% |
| Tangible fixed assets | 22/27 | €36,222 | €34,974 | -€1,248 | -3.4% |
| Land and buildings | 22 | €14,057 | €13,053 | -€1,004 | -7.1% |
| Plant, machinery and equipment | 23 | €15,615 | €17,702 | +€2,087 | +13.4% |
| Furniture and vehicles | 24 | €6,550 | €4,219 | -€2,331 | -35.6% |
| Financial fixed assets | 28 | €5,800 | €5,800 | = | 0.0% |
| Current assets | 29/58 | €161,722 | €130,470 | -€31,252 | -19.3% |
| Stocks and contracts in progress | 3 | €115,012 | €96,514 | -€18,498 | -16.1% |
| Stocks | 30/36 | €115,012 | €96,514 | -€18,498 | -16.1% |
| Amounts receivable within one year | 40/41 | €37,809 | €17,621 | -€20,188 | -53.4% |
| Trade receivables | 40 | €32,589 | €17,486 | -€15,103 | -46.3% |
| Other amounts receivable | 41 | €5,221 | €135 | -€5,086 | -97.4% |
| Cash at bank and in hand | 54/58 | €4,018 | €5,740 | +€1,722 | +42.8% |
| Deferred charges and accrued income | 490/1 | €4,882 | €10,595 | +€5,712 | +117% |
| Total equity and liabilities | 10/49 | €203,744 | €171,244 | -€32,500 | -16.0% |
| Equity | 10/15 | -€35,991 | -€40,527 | -€4,535 | -12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,506 | €18,506 | = | 0.0% |
| Distributable reserves | 133 | €18,506 | €18,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,697 | -€65,232 | -€4,535 | -7.5% |
| Amounts payable | 17/49 | €239,735 | €211,771 | -€27,965 | -11.7% |
| Amounts payable after more than one year | 17 | €95,784 | €83,091 | -€12,693 | -13.3% |
| Financial debts | 170/4 | €95,784 | €83,091 | -€12,693 | -13.3% |
| Amounts payable within one year | 42/48 | €142,931 | €127,665 | -€15,266 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €12,354 | €12,693 | +€338 | +2.7% |
| Trade debts | 44 | €6,719 | €4,283 | -€2,436 | -36.3% |
| Suppliers | 440/4 | €6,719 | €4,283 | -€2,436 | -36.3% |
| Taxes, remuneration and social security | 45 | €33,444 | €29,476 | -€3,968 | -11.9% |
| Taxes | 450/3 | €28,444 | €29,476 | +€1,032 | +3.6% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €90,414 | €81,213 | -€9,201 | -10.2% |
| Accrued charges and deferred income | 492/3 | €1,021 | €1,015 | -€6 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,589 | €7,046 | +€457 | +6.9% |
| Other operating charges | 640/8 | €6,541 | €6,384 | -€157 | -2.4% |
| Gross operating margin | 9900 | -€38,722 | €12,568 | +€51,289 | |
| Operating profit (loss) | 9901 | -€51,851 | -€862 | +€50,989 | +98.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,067 | €3,382 | +€1,315 | +63.6% |
| Recurring financial charges | 65 | €2,067 | €3,382 | +€1,315 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,918 | -€4,244 | +€49,674 | +92.1% |
| Income taxes | 67/77 | €283 | €291 | +€9 | +3.1% |
| Profit (loss) for the period | 9904 | -€54,201 | -€4,535 | +€49,666 | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,201 | -€4,535 | +€49,666 | +91.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.