ARROW ECS: 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.
What changed
ARROW ECS
NACE 46.500, Wholesale of information and communication equipment
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€6.0m
2023 · €4.8m+€1.2m
Equity
€25.5m
2023 · €19.4m+€6.0m
Cash
€40,698
2023 · €10,028+€30,670
Balance sheet total
€136.9m
2023 · €103.6m+€33.3m
Largest movements
Assets
- Receivables within one year +€27.6m
up €27.6m (+27.4%), from €100.6m to €128.2m
of which Trade receivables: +€23.5m
- Deferred charges and accrued income +€4.5m
up €4.5m (+591.3%), from €769,081 to €5.3m
Equity and liabilities
- Trade debts +€26.4m
up €26.4m (+35.7%), from €73.9m to €100.3m
- Reserves +€6.0m
up €6.0m (+31.0%), from €19.4m to €25.4m
of which Distributable reserves: +€6.0m
- Tax, wage and social debts +€1.4m
up €1.4m (+14.8%), from €9.5m to €10.9m
of which Taxes: +€1.2m
Income statement
- Turnover +€45.4m
up €45.4m (+16.7%), from €272.2m to €317.5m
- Goods and materials +€43.6m
up €43.6m (+17.2%), from €254.2m to €297.8m
of which Purchases: +€44.5m
From the 2023 result to the 2024 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 2023
€4.8m
Turnover
+€45.4m
Other operating income
+€83,451
Goods and materials
-€43.6m
Services and other goods
-€141,496
Staff costs
+€826,272
Depreciation
+€15,052
Write-downs
-€13,433
Other operating charges
-€745,147
Financial income
+€778,085
Financial charges
-€814,272
Taxes
-€487,269
Result 2024
€6.0m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€49,148
Investment
-€18,478
Financing
€0
Cash 2023
€10,028
From operations (derived)
+€49,148
Net result for the year
+€6.0m
Depreciation
+€96,204
Stocks and contracts
-€1.2m
Receivables within one year
-€27.6m
Deferred charges and accrued income
-€4.5m
Trade debts
+€26.4m
Tax, wage and social debts
+€1.4m
Accrued charges and deferred income
-€523,765
Investment (derived)
-€18,478
Investment in fixed assets (net)
-€18,478
Cash 2024
€40,698
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,575,080 | €136,859,696 | +€33.3m | +32.1% |
| Fixed assets | 21/28 | €1,388,573 | €1,310,847 | -€77,726 | -5.6% |
| Intangible fixed assets | 21 | €0 | - | -€0 | |
| Tangible fixed assets | 22/27 | €545,691 | €467,965 | -€77,726 | -14.2% |
| Plant, machinery and equipment | 23 | €386,322 | €344,285 | -€42,037 | -10.9% |
| Furniture and vehicles | 24 | €31,950 | €13,845 | -€18,105 | -56.7% |
| Other tangible fixed assets | 26 | €127,419 | €109,836 | -€17,583 | -13.8% |
| Financial fixed assets | 28 | €842,882 | €842,882 | = | 0.0% |
| Affiliated companies | 280/1 | €842,882 | €842,882 | = | 0.0% |
| Participating interests | 280 | €842,882 | €842,882 | = | 0.0% |
| Current assets | 29/58 | €102,186,507 | €135,548,849 | +€33.4m | +32.6% |
| Stocks and contracts in progress | 3 | €766,231 | €1,967,882 | +€1.2m | +156.8% |
| Stocks | 30/36 | €766,231 | €1,967,882 | +€1.2m | +156.8% |
| Goods purchased for resale | 34 | €766,231 | €1,967,882 | +€1.2m | +156.8% |
| Amounts receivable within one year | 40/41 | €100,641,168 | €128,223,994 | +€27.6m | +27.4% |
| Trade receivables | 40 | €84,832,801 | €108,346,511 | +€23.5m | +27.7% |
| Other amounts receivable | 41 | €15,808,366 | €19,877,483 | +€4.1m | +25.7% |
| Cash at bank and in hand | 54/58 | €10,028 | €40,698 | +€30,670 | +305.9% |
| Deferred charges and accrued income | 490/1 | €769,081 | €5,316,275 | +€4.5m | +591.3% |
| Total equity and liabilities | 10/49 | €103,575,080 | €136,859,696 | +€33.3m | +32.1% |
| Equity | 10/15 | €19,445,015 | €25,457,330 | +€6.0m | +30.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €19,383,015 | €25,395,330 | +€6.0m | +31.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €19,376,815 | €25,389,130 | +€6.0m | +31.0% |
| Amounts payable | 17/49 | €84,130,065 | €111,402,366 | +€27.3m | +32.4% |
| Amounts payable within one year | 42/48 | €83,414,037 | €111,210,102 | +€27.8m | +33.3% |
| Trade debts | 44 | €73,910,536 | €100,302,013 | +€26.4m | +35.7% |
| Suppliers | 440/4 | €73,910,536 | €100,302,013 | +€26.4m | +35.7% |
| Taxes, remuneration and social security | 45 | €9,503,501 | €10,908,089 | +€1.4m | +14.8% |
| Taxes | 450/3 | €8,401,513 | €9,645,399 | +€1.2m | +14.8% |
| Remuneration and social security | 454/9 | €1,101,988 | €1,262,690 | +€160,702 | +14.6% |
| Accrued charges and deferred income | 492/3 | €716,029 | €192,264 | -€523,765 | -73.1% |
| Operating income | 70/76A | €273,492,646 | €318,926,894 | +€45.4m | +16.6% |
| Turnover | 70 | €272,161,268 | €317,512,064 | +€45.4m | +16.7% |
| Other operating income | 74 | €1,331,378 | €1,414,830 | +€83,451 | +6.3% |
| Operating charges | 60/66A | €267,389,959 | €311,066,368 | +€43.7m | +16.3% |
| Goods for resale, raw materials and consumables | 60 | €254,226,538 | €297,844,194 | +€43.6m | +17.2% |
| Purchases | 600/8 | €254,576,545 | €299,045,845 | +€44.5m | +17.5% |
| Change in stocks: decrease (increase) | 609 | -€350,008 | -€1,201,651 | -€851,643 | -243.3% |
| Services and other goods | 61 | €5,130,178 | €5,271,674 | +€141,496 | +2.8% |
| Remuneration, social security and pensions | 62 | €7,921,988 | €7,095,716 | -€826,272 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,256 | €96,204 | -€15,052 | -13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,433 | +€13,433 | |
| Other operating charges | 640/8 | - | €745,147 | +€745,147 | |
| Operating profit (loss) | 9901 | €6,102,687 | €7,860,526 | +€1.8m | +28.8% |
| Financial income | 75/76B | €2,093,890 | €2,871,975 | +€778,085 | +37.2% |
| Recurring financial income | 75 | €2,093,890 | €2,871,975 | +€778,085 | +37.2% |
| Income from current assets | 751 | €310,714 | €388,281 | +€77,567 | +25.0% |
| Other financial income | 752/9 | €1,783,176 | €2,483,695 | +€700,518 | +39.3% |
| Financial charges | 65/66B | €1,707,056 | €2,521,327 | +€814,272 | +47.7% |
| Recurring financial charges | 65 | €1,707,056 | €2,521,327 | +€814,272 | +47.7% |
| Debt charges | 650 | - | €23,467 | +€23,467 | |
| Other financial charges | 652/9 | €1,707,056 | €2,497,860 | +€790,804 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €6,489,522 | €8,211,174 | +€1.7m | +26.5% |
| Income taxes | 67/77 | €1,711,589 | €2,198,858 | +€487,269 | +28.5% |
| Taxes | 670/3 | €1,711,589 | €2,198,858 | +€487,269 | +28.5% |
| Profit (loss) for the period | 9904 | €4,777,933 | €6,012,316 | +€1.2m | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,777,933 | €6,012,316 | +€1.2m | +25.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.