Firma Robert Arens: what changed
Firma Robert Arens
Largest movements
- Stocks and contracts -€86,930
down €86,930 (-72.5%), from €119,926 to €32,996
of which Stocks: -€100,000
- Cash -€27,455
down €27,455 (-23.9%), from €114,715 to €87,261
mainly Other debts (-€55,000) and Contributions, distributions and other (-€34,764)
- Tangible fixed assets -€13,558
down €13,558 (-10.1%), from €134,101 to €120,543
of which Leasing and similar rights: -€25,206
- Receivables within one year +€11,917
up €11,917 (+6.7%), from €176,573 to €188,490
of which Trade receivables: +€18,126
- Other debts -€55,000
no longer reported in 2025 (was €55,000)
- Reserves -€24,297
down €24,297 (-9.9%), from €245,397 to €221,100
of which Distributable reserves: -€24,297
- Debts after one year -€19,740
no longer reported in 2025 (was €19,740)
- Trade debts -€7,407
down €7,407 (-53.7%), from €13,782 to €6,376
- Current portion of long-term debt -€5,872
no longer reported in 2025 (was €5,872)
- Gross operating margin -€210,689
down €210,689 (-85.2%), from €247,422 to €36,733
- Staff costs -€144,700
no longer reported in 2025 (was €144,700)
- Taxes -€19,317
down €19,317 (-79.5%), from €24,303 to €4,986
- Depreciation -€5,341
down €5,341 (-27.1%), from €19,730 to €14,389
- Other operating charges -€2,511
down €2,511 (-32.3%), from €7,784 to €5,272
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,366 | €433,541 | -€115,825 | -21.1% |
| Fixed assets | 21/28 | €136,564 | €123,006 | -€13,558 | -9.9% |
| Tangible fixed assets | 22/27 | €134,101 | €120,543 | -€13,558 | -10.1% |
| Land and buildings | 22 | €108,801 | €120,543 | +€11,742 | +10.8% |
| Furniture and vehicles | 24 | €94 | - | -€94 | |
| Leasing and similar rights | 25 | €25,206 | - | -€25,206 | |
| Financial fixed assets | 28 | €2,463 | €2,463 | = | 0.0% |
| Current assets | 29/58 | €412,802 | €310,535 | -€102,267 | -24.8% |
| Stocks and contracts in progress | 3 | €119,926 | €32,996 | -€86,930 | -72.5% |
| Stocks | 30/36 | €117,473 | €17,473 | -€100,000 | -85.1% |
| Contracts in progress | 37 | €2,453 | €15,523 | +€13,070 | +533% |
| Amounts receivable within one year | 40/41 | €176,573 | €188,490 | +€11,917 | +6.7% |
| Trade receivables | 40 | €167,808 | €185,934 | +€18,126 | +10.8% |
| Other amounts receivable | 41 | €8,764 | €2,556 | -€6,208 | -70.8% |
| Cash at bank and in hand | 54/58 | €114,715 | €87,261 | -€27,455 | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,588 | €1,788 | +€200 | +12.6% |
| Total equity and liabilities | 10/49 | €549,366 | €433,541 | -€115,825 | -21.1% |
| Equity | 10/15 | €428,863 | €404,565 | -€24,297 | -5.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €245,397 | €221,100 | -€24,297 | -9.9% |
| Tax-exempt reserves | 132 | €50,592 | €50,592 | = | 0.0% |
| Distributable reserves | 133 | €194,805 | €170,508 | -€24,297 | -12.5% |
| Profit (loss) carried forward | 14 | €158,465 | €158,465 | = | 0.0% |
| Amounts payable | 17/49 | €120,503 | €28,976 | -€91,528 | -76.0% |
| Amounts payable after more than one year | 17 | €19,740 | - | -€19,740 | |
| Financial debts | 170/4 | €19,740 | - | -€19,740 | |
| Amounts payable within one year | 42/48 | €100,763 | €28,976 | -€71,787 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €5,872 | - | -€5,872 | |
| Trade debts | 44 | €13,782 | €6,376 | -€7,407 | -53.7% |
| Suppliers | 440/4 | €13,782 | €6,376 | -€7,407 | -53.7% |
| Taxes, remuneration and social security | 45 | €26,109 | €22,600 | -€3,509 | -13.4% |
| Taxes | 450/3 | €19,576 | €22,600 | +€3,024 | +15.4% |
| Remuneration and social security | 454/9 | €6,533 | - | -€6,533 | |
| Other amounts payable | 47/48 | €55,000 | - | -€55,000 | |
| Non-recurring operating income | 76A | €86,733 | €880 | -€85,853 | -99.0% |
| Remuneration, social security and pensions | 62 | €144,700 | - | -€144,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,730 | €14,389 | -€5,341 | -27.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €402 | - | -€402 | |
| Other operating charges | 640/8 | €7,784 | €5,272 | -€2,511 | -32.3% |
| Non-recurring operating charges | 66A | €1,885 | - | -€1,885 | |
| Gross operating margin | 9900 | €247,422 | €36,733 | -€210,689 | -85.2% |
| Operating profit (loss) | 9901 | €72,921 | €17,072 | -€55,850 | -76.6% |
| Financial income | 75/76B | €310 | €127 | -€183 | -59.2% |
| Recurring financial income | 75 | €310 | €127 | -€183 | -59.2% |
| Financial charges | 65/66B | €2,819 | €1,745 | -€1,073 | -38.1% |
| Recurring financial charges | 65 | €2,819 | €1,745 | -€1,073 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €70,413 | €15,453 | -€54,960 | -78.1% |
| Income taxes | 67/77 | €24,303 | €4,986 | -€19,317 | -79.5% |
| Profit (loss) for the period | 9904 | €46,110 | €10,467 | -€35,643 | -77.3% |
| Transfer from tax-exempt reserves | 789 | - | €280 | +€280 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,110 | €10,747 | -€35,363 | -76.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.