ARW RETAIL MOD: 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.
ARW RETAIL MOD
Largest movements
- Tangible fixed assets -€23,089
down €23,089 (-28.9%), from €79,893 to €56,803
of which Land and buildings: -€15,432
- Stocks and contracts +€16,794
up €16,794 (+24.4%), from €68,932 to €85,726
- Cash +€12,677
up €12,677 (+11.1%), from €114,153 to €126,829
mainly Depreciation (+€23,089) and Trade debts (+€19,550)
- Receivables within one year -€9,092
down €9,092 (-100%), from €9,092 to €0
- Profit (loss) carried forward -€21,624
down €21,624 (-350%), from -€6,178 to -€27,802
- Trade debts +€19,550
up €19,550 (+2,033%), from €961 to €20,511
- Depreciation -€9,176
down €9,176 (-28.4%), from €32,265 to €23,089
- Staff costs +€3,579
up €3,579 (+2.9%), from €121,532 to €125,111
- Gross operating margin -€1,987
down €1,987 (-1.5%), from €136,866 to €134,879
- Other operating charges +€1,851
up €1,851 (+42.5%), from €4,358 to €6,209
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 | €272,069 | €269,999 | -€2,070 | -0.8% |
| Fixed assets | 21/28 | €79,893 | €56,803 | -€23,089 | -28.9% |
| Tangible fixed assets | 22/27 | €79,893 | €56,803 | -€23,089 | -28.9% |
| Land and buildings | 22 | €70,588 | €55,156 | -€15,432 | -21.9% |
| Plant, machinery and equipment | 23 | €3,012 | €1,647 | -€1,365 | -45.3% |
| Furniture and vehicles | 24 | €6,292 | €0 | -€6,292 | -100% |
| Current assets | 29/58 | €192,176 | €213,195 | +€21,019 | +10.9% |
| Stocks and contracts in progress | 3 | €68,932 | €85,726 | +€16,794 | +24.4% |
| Stocks | 30/36 | €68,932 | €85,726 | +€16,794 | +24.4% |
| Amounts receivable within one year | 40/41 | €9,092 | €0 | -€9,092 | -100% |
| Trade receivables | 40 | €9,092 | €0 | -€9,092 | -100% |
| Cash at bank and in hand | 54/58 | €114,153 | €126,829 | +€12,677 | +11.1% |
| Deferred charges and accrued income | 490/1 | €0 | €640 | +€640 | |
| Total equity and liabilities | 10/49 | €272,069 | €269,999 | -€2,070 | -0.8% |
| Equity | 10/15 | €236,107 | €214,483 | -€21,624 | -9.2% |
| Contributions | 10/11 | €220,259 | €220,259 | = | 0.0% |
| Capital | 10 | €220,259 | €220,259 | = | 0.0% |
| Issued capital | 100 | €220,259 | €220,259 | = | 0.0% |
| Reserves | 13 | €22,026 | €22,026 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,026 | €22,026 | = | 0.0% |
| Legal reserve | 130 | €22,026 | €22,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,178 | -€27,802 | -€21,624 | -350% |
| Amounts payable | 17/49 | €35,962 | €55,515 | +€19,554 | +54.4% |
| Amounts payable within one year | 42/48 | €35,962 | €55,515 | +€19,554 | +54.4% |
| Trade debts | 44 | €961 | €20,511 | +€19,550 | +2,033% |
| Suppliers | 440/4 | €961 | €20,511 | +€19,550 | +2,033% |
| Taxes, remuneration and social security | 45 | €35,000 | €35,004 | +€4 | 0.0% |
| Taxes | 450/3 | €15,714 | €14,705 | -€1,009 | -6.4% |
| Remuneration and social security | 454/9 | €19,286 | €20,299 | +€1,013 | +5.3% |
| Remuneration, social security and pensions | 62 | €121,532 | €125,111 | +€3,579 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,265 | €23,089 | -€9,176 | -28.4% |
| Other operating charges | 640/8 | €4,358 | €6,209 | +€1,851 | +42.5% |
| Gross operating margin | 9900 | €136,866 | €134,879 | -€1,987 | -1.5% |
| Operating profit (loss) | 9901 | -€21,290 | -€19,531 | +€1,759 | +8.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,040 | €2,093 | +€53 | +2.6% |
| Recurring financial charges | 65 | €2,040 | €2,093 | +€53 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,330 | -€21,624 | +€1,707 | +7.3% |
| Profit (loss) for the period | 9904 | -€23,330 | -€21,624 | +€1,707 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,330 | -€21,624 | +€1,707 | +7.3% |
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 23 October 2026 via checked.be.