ARUM F: 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.
ARUM F
Largest movements
- Receivables within one year +€22,986
new in 2025: €22,986
of which Trade receivables: +€14,608
- Tangible fixed assets +€13,998
up €13,998 (+98.1%), from €14,263 to €28,261
- Cash -€13,321
down €13,321 (-73.6%), from €18,106 to €4,785
mainly Receivables within one year (-€22,986) and Investment in fixed assets (net) (-€21,237)
- Intangible fixed assets -€3,000
down €3,000 (-33.3%), from €9,000 to €6,000
- Financial fixed assets +€2,722
new in 2025: €2,722
- Current portion of long-term debt +€23,682
new in 2025: €23,682
- Other debts +€5,000
new in 2025: €5,000
- Accrued charges and deferred income -€3,705
down €3,705 (-93.7%), from €3,953 to €248
- Profit (loss) carried forward +€3,637
up €3,637 (+15.6%), from €23,351 to €26,988
- Trade debts -€3,629
no longer reported in 2025 (was €3,629)
- Gross operating margin -€13,848
down €13,848 (-22.5%), from €61,428 to €47,580
- Financial income -€6,690
no longer reported in 2025 (was €6,690)
of which Financial income: -€6,690
- Staff costs -€4,221
down €4,221 (-11.0%), from €38,246 to €34,025
- Taxes -€3,237
down €3,237 (-83.6%), from €3,871 to €634
- Other operating charges -€863
down €863 (-68.3%), from €1,264 to €401
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 | €45,534 | €67,046 | +€21,512 | +47.2% |
| Fixed assets | 21/28 | €23,263 | €36,983 | +€13,720 | +59.0% |
| Intangible fixed assets | 21 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Tangible fixed assets | 22/27 | €14,263 | €28,261 | +€13,998 | +98.1% |
| Furniture and vehicles | 24 | €14,263 | €28,261 | +€13,998 | +98.1% |
| Financial fixed assets | 28 | - | €2,722 | +€2,722 | |
| Current assets | 29/58 | €22,271 | €30,063 | +€7,792 | +35.0% |
| Stocks and contracts in progress | 3 | €3,049 | €2,292 | -€757 | -24.8% |
| Stocks | 30/36 | €3,049 | €2,292 | -€757 | -24.8% |
| Amounts receivable within one year | 40/41 | - | €22,986 | +€22,986 | |
| Trade receivables | 40 | - | €14,608 | +€14,608 | |
| Other amounts receivable | 41 | - | €8,378 | +€8,378 | |
| Cash at bank and in hand | 54/58 | €18,106 | €4,785 | -€13,321 | -73.6% |
| Deferred charges and accrued income | 490/1 | €1,116 | - | -€1,116 | |
| Total equity and liabilities | 10/49 | €45,534 | €67,046 | +€21,512 | +47.2% |
| Equity | 10/15 | €28,351 | €31,988 | +€3,637 | +12.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,351 | €26,988 | +€3,637 | +15.6% |
| Amounts payable | 17/49 | €17,183 | €35,058 | +€17,875 | +104% |
| Amounts payable within one year | 42/48 | €13,230 | €34,810 | +€21,580 | +163% |
| Current portion of amounts payable after more than one year | 42 | - | €23,682 | +€23,682 | |
| Trade debts | 44 | €3,629 | - | -€3,629 | |
| Suppliers | 440/4 | €3,629 | - | -€3,629 | |
| Taxes, remuneration and social security | 45 | €9,601 | €6,128 | -€3,473 | -36.2% |
| Taxes | 450/3 | €6,154 | €2,833 | -€3,321 | -54.0% |
| Remuneration and social security | 454/9 | €3,447 | €3,295 | -€152 | -4.4% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €3,953 | €248 | -€3,705 | -93.7% |
| Non-recurring operating income | 76A | - | €6,106 | +€6,106 | |
| Remuneration, social security and pensions | 62 | €38,246 | €34,025 | -€4,221 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,818 | €7,517 | +€699 | +10.3% |
| Other operating charges | 640/8 | €1,264 | €401 | -€863 | -68.3% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €61,428 | €47,580 | -€13,848 | -22.5% |
| Operating profit (loss) | 9901 | €15,100 | €5,574 | -€9,526 | -63.1% |
| Financial income | 75/76B | €6,690 | - | -€6,690 | |
| Recurring financial income | 75 | €6,690 | - | -€6,690 | |
| Non-recurring financial income | 76B | €6,690 | - | -€6,690 | |
| Financial charges | 65/66B | €1,365 | €1,303 | -€62 | -4.5% |
| Recurring financial charges | 65 | €1,365 | €1,303 | -€62 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €20,425 | €4,271 | -€16,154 | -79.1% |
| Income taxes | 67/77 | €3,871 | €634 | -€3,237 | -83.6% |
| Profit (loss) for the period | 9904 | €16,554 | €3,637 | -€12,917 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,554 | €3,637 | -€12,917 | -78.0% |
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 26 October 2026 via checked.be.