ARWEN: 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.
ARWEN
Largest movements
- Receivables within one year +€14,480
up €14,480 (+57.8%), from €25,071 to €39,551
of which Trade receivables: +€18,592
- Tangible fixed assets -€11,155
down €11,155 (-35.9%), from €31,041 to €19,887
- Cash +€8,642
up €8,642 (+62.3%), from €13,865 to €22,507
mainly Depreciation (+€11,155) and Trade debts (+€10,648)
- Trade debts +€10,648
new in 2025: €10,648
- Tax, wage and social debts +€5,226
up €5,226 (+92.4%), from €5,657 to €10,883
of which Taxes: +€6,226
- Debts after one year -€5,124
down €5,124 (-65.8%), from €7,786 to €2,662
- Profit (loss) carried forward +€964
up €964 (+1.9%), from €49,964 to €50,928
- Taxes -€18,533
down €18,533 (-87.3%), from €21,239 to €2,705
- Gross operating margin -€15,254
down €15,254 (-39.5%), from €38,624 to €23,370
- Financial charges -€2,638
down €2,638 (-38.0%), from €6,934 to €4,297
- Other operating charges -€2,483
down €2,483 (-46.6%), from €5,328 to €2,844
- Depreciation +€1,645
up €1,645 (+17.3%), from €9,510 to €11,155
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 | €69,977 | €81,944 | +€11,967 | +17.1% |
| Fixed assets | 21/28 | €31,041 | €19,887 | -€11,155 | -35.9% |
| Tangible fixed assets | 22/27 | €31,041 | €19,887 | -€11,155 | -35.9% |
| Furniture and vehicles | 24 | €31,041 | €19,887 | -€11,155 | -35.9% |
| Current assets | 29/58 | €38,936 | €62,058 | +€23,122 | +59.4% |
| Amounts receivable within one year | 40/41 | €25,071 | €39,551 | +€14,480 | +57.8% |
| Trade receivables | 40 | €12,119 | €30,711 | +€18,592 | +153% |
| Other amounts receivable | 41 | €12,951 | €8,840 | -€4,112 | -31.7% |
| Cash at bank and in hand | 54/58 | €13,865 | €22,507 | +€8,642 | +62.3% |
| Total equity and liabilities | 10/49 | €69,977 | €81,944 | +€11,967 | +17.1% |
| Equity | 10/15 | €51,164 | €52,128 | +€964 | +1.9% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,964 | €50,928 | +€964 | +1.9% |
| Amounts payable | 17/49 | €18,813 | €29,816 | +€11,003 | +58.5% |
| Amounts payable after more than one year | 17 | €7,786 | €2,662 | -€5,124 | -65.8% |
| Financial debts | 170/4 | €7,786 | €2,662 | -€5,124 | -65.8% |
| Amounts payable within one year | 42/48 | €11,027 | €27,155 | +€16,128 | +146% |
| Current portion of amounts payable after more than one year | 42 | €4,870 | €5,124 | +€254 | +5.2% |
| Trade debts | 44 | - | €10,648 | +€10,648 | |
| Suppliers | 440/4 | - | €10,648 | +€10,648 | |
| Taxes, remuneration and social security | 45 | €5,657 | €10,883 | +€5,226 | +92.4% |
| Taxes | 450/3 | €4,292 | €10,518 | +€6,226 | +145% |
| Remuneration and social security | 454/9 | €1,365 | €365 | -€1,000 | -73.3% |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,624 | €1,482 | -€1,142 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,510 | €11,155 | +€1,645 | +17.3% |
| Other operating charges | 640/8 | €5,328 | €2,844 | -€2,483 | -46.6% |
| Gross operating margin | 9900 | €38,624 | €23,370 | -€15,254 | -39.5% |
| Operating profit (loss) | 9901 | €21,163 | €7,888 | -€13,274 | -62.7% |
| Financial income | 75/76B | €270 | €77 | -€193 | -71.3% |
| Recurring financial income | 75 | €270 | €77 | -€193 | -71.3% |
| Financial charges | 65/66B | €6,934 | €4,297 | -€2,638 | -38.0% |
| Recurring financial charges | 65 | €6,934 | €4,297 | -€2,638 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €14,498 | €3,669 | -€10,829 | -74.7% |
| Income taxes | 67/77 | €21,239 | €2,705 | -€18,533 | -87.3% |
| Profit (loss) for the period | 9904 | -€6,741 | €964 | +€7,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,741 | €964 | +€7,704 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.