HET ARENTSPLEIN: 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.
HET ARENTSPLEIN
Largest movements
- Cash -€1,447
down €1,447 (-22.5%), from €6,419 to €4,972
mainly Trade debts (-€1,950) and Stocks and contracts (-€1,254)
- Stocks and contracts +€1,254
up €1,254 (+37.2%), from €3,366 to €4,620
- Deferred charges and accrued income +€1,170
new in 2025: €1,170
- Tangible fixed assets -€924
down €924 (-32.5%), from €2,841 to €1,917
of which Plant, machinery and equipment: -€837
- Receivables within one year -€521
down €521 (-3.2%), from €16,105 to €15,584
of which Other amounts receivable: -€419
- Reserves +€2,036
up €2,036 (+18.3%), from €11,118 to €13,154
- Trade debts -€1,950
down €1,950 (-52.5%), from €3,715 to €1,765
- Tax, wage and social debts -€455
down €455 (-79.1%), from €576 to €120
- Gross operating margin -€5,185
down €5,185 (-49.6%), from €10,462 to €5,276
- Taxes -€372
down €372 (-64.6%), from €576 to €204
- Financial charges -€355
down €355 (-73.6%), from €483 to €128
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 | €28,731 | €28,263 | -€468 | -1.6% |
| Fixed assets | 21/28 | €2,841 | €1,917 | -€924 | -32.5% |
| Tangible fixed assets | 22/27 | €2,841 | €1,917 | -€924 | -32.5% |
| Plant, machinery and equipment | 23 | €2,319 | €1,482 | -€837 | -36.1% |
| Furniture and vehicles | 24 | €522 | €435 | -€87 | -16.7% |
| Current assets | 29/58 | €25,890 | €26,346 | +€456 | +1.8% |
| Stocks and contracts in progress | 3 | €3,366 | €4,620 | +€1,254 | +37.2% |
| Stocks | 30/36 | €3,366 | €4,620 | +€1,254 | +37.2% |
| Amounts receivable within one year | 40/41 | €16,105 | €15,584 | -€521 | -3.2% |
| Trade receivables | 40 | €145 | €43 | -€102 | -70.5% |
| Other amounts receivable | 41 | €15,960 | €15,541 | -€419 | -2.6% |
| Cash at bank and in hand | 54/58 | €6,419 | €4,972 | -€1,447 | -22.5% |
| Deferred charges and accrued income | 490/1 | - | €1,170 | +€1,170 | |
| Total equity and liabilities | 10/49 | €28,731 | €28,263 | -€468 | -1.6% |
| Equity | 10/15 | €24,246 | €26,282 | +€2,036 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,118 | €13,154 | +€2,036 | +18.3% |
| Distributable reserves | 133 | €11,118 | €13,154 | +€2,036 | +18.3% |
| Profit (loss) carried forward | 14 | €6,928 | €6,928 | = | 0.0% |
| Amounts payable | 17/49 | €4,484 | €1,981 | -€2,503 | -55.8% |
| Amounts payable within one year | 42/48 | €4,291 | €1,981 | -€2,310 | -53.8% |
| Trade debts | 44 | €3,715 | €1,765 | -€1,950 | -52.5% |
| Suppliers | 440/4 | €3,715 | €1,765 | -€1,950 | -52.5% |
| Taxes, remuneration and social security | 45 | €576 | €120 | -€455 | -79.1% |
| Taxes | 450/3 | €576 | €120 | -€455 | -79.1% |
| Other amounts payable | 47/48 | - | €96 | +€96 | |
| Accrued charges and deferred income | 492/3 | €194 | - | -€194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924 | €924 | = | 0.0% |
| Other operating charges | 640/8 | €1,974 | €2,035 | +€61 | +3.1% |
| Non-recurring operating charges | 66A | €748 | - | -€748 | |
| Gross operating margin | 9900 | €10,462 | €5,276 | -€5,185 | -49.6% |
| Operating profit (loss) | 9901 | €6,816 | €2,318 | -€4,499 | -66.0% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €483 | €128 | -€355 | -73.6% |
| Recurring financial charges | 65 | €483 | €128 | -€355 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €6,334 | €2,239 | -€4,095 | -64.6% |
| Income taxes | 67/77 | €576 | €204 | -€372 | -64.6% |
| Profit (loss) for the period | 9904 | €5,758 | €2,036 | -€3,723 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,758 | €2,036 | -€3,723 | -64.6% |
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 15 October 2026 via checked.be.