Arrotex: 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.
Arrotex
Largest movements
- Receivables within one year -€98,345
down €98,345 (-24.6%), from €399,423 to €301,077
of which Trade receivables: -€77,112
- Cash +€77,523
up €77,523 (+48.3%), from €160,463 to €237,986
mainly Receivables within one year (+€98,345) and Net result for the year (+€53,924)
- Stocks and contracts +€22,257
up €22,257 (+10.7%), from €208,422 to €230,679
- Other debts +€35,510
up €35,510 (+11.4%), from €310,686 to €346,196
- Trade debts -€24,791
down €24,791 (-33.8%), from €73,241 to €48,450
- Accrued charges and deferred income -€16,028
down €16,028 (-72.8%), from €22,002 to €5,974
- Gross operating margin +€42,841
up €42,841 (+14.1%), from €304,664 to €347,506
- Other operating charges -€37,089
down €37,089 (-95.7%), from €38,741 to €1,652
- Staff costs +€34,126
up €34,126 (+14.9%), from €229,405 to €263,532
- Taxes +€12,421
up €12,421 (+143.8%), from €8,640 to €21,061
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 | €1,247,067 | €1,252,228 | +€5,161 | +0.4% |
| Fixed assets | 21/28 | €2,787 | €1,747 | -€1,040 | -37.3% |
| Tangible fixed assets | 22/27 | €2,675 | €1,635 | -€1,040 | -38.9% |
| Plant, machinery and equipment | 23 | €2,675 | €1,635 | -€1,040 | -38.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €1,244,280 | €1,250,481 | +€6,201 | +0.5% |
| Stocks and contracts in progress | 3 | €208,422 | €230,679 | +€22,257 | +10.7% |
| Stocks | 30/36 | €208,422 | €230,679 | +€22,257 | +10.7% |
| Amounts receivable within one year | 40/41 | €399,423 | €301,077 | -€98,345 | -24.6% |
| Trade receivables | 40 | €377,490 | €300,378 | -€77,112 | -20.4% |
| Other amounts receivable | 41 | €21,933 | €700 | -€21,233 | -96.8% |
| Current investments | 50/53 | €473,301 | €478,126 | +€4,825 | +1.0% |
| Cash at bank and in hand | 54/58 | €160,463 | €237,986 | +€77,523 | +48.3% |
| Deferred charges and accrued income | 490/1 | €2,672 | €2,613 | -€59 | -2.2% |
| Total equity and liabilities | 10/49 | €1,247,067 | €1,252,228 | +€5,161 | +0.4% |
| Equity | 10/15 | €807,843 | €808,267 | +€424 | +0.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €745,870 | €746,293 | +€424 | +0.1% |
| Non-distributable reserves | 130/1 | €16,835 | €16,835 | = | 0.0% |
| Legal reserve | 130 | €16,835 | €16,835 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,219 | €48,219 | = | 0.0% |
| Distributable reserves | 133 | €680,815 | €681,239 | +€424 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €439,224 | €443,961 | +€4,737 | +1.1% |
| Amounts payable within one year | 42/48 | €417,222 | €437,987 | +€20,765 | +5.0% |
| Trade debts | 44 | €73,241 | €48,450 | -€24,791 | -33.8% |
| Suppliers | 440/4 | €73,241 | €48,450 | -€24,791 | -33.8% |
| Taxes, remuneration and social security | 45 | €33,295 | €43,342 | +€10,046 | +30.2% |
| Taxes | 450/3 | €7,982 | €14,976 | +€6,994 | +87.6% |
| Remuneration and social security | 454/9 | €25,313 | €28,365 | +€3,052 | +12.1% |
| Other amounts payable | 47/48 | €310,686 | €346,196 | +€35,510 | +11.4% |
| Accrued charges and deferred income | 492/3 | €22,002 | €5,974 | -€16,028 | -72.8% |
| Remuneration, social security and pensions | 62 | €229,405 | €263,532 | +€34,126 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,040 | €1,040 | -€0 | 0.0% |
| Other operating charges | 640/8 | €38,741 | €1,652 | -€37,089 | -95.7% |
| Gross operating margin | 9900 | €304,664 | €347,506 | +€42,841 | +14.1% |
| Operating profit (loss) | 9901 | €35,478 | €81,283 | +€45,805 | +129.1% |
| Financial income | 75/76B | €13,567 | €13,828 | +€261 | +1.9% |
| Recurring financial income | 75 | €13,567 | €13,828 | +€261 | +1.9% |
| Financial charges | 65/66B | €21,759 | €20,125 | -€1,633 | -7.5% |
| Recurring financial charges | 65 | €21,759 | €20,125 | -€1,633 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €27,286 | €74,985 | +€47,699 | +174.8% |
| Income taxes | 67/77 | €8,640 | €21,061 | +€12,421 | +143.8% |
| Profit (loss) for the period | 9904 | €18,646 | €53,924 | +€35,277 | +189.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,646 | €53,924 | +€35,277 | +189.2% |
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 12 October 2026 via checked.be.