House Arjo: 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.
House Arjo
Largest movements
- Cash -€49,438
down €49,438 (-40.0%), from €123,605 to €74,167
mainly Other debts (-€116,949) and Investment in fixed assets (net) (-€29,609)
- Tangible fixed assets -€40,894
down €40,894 (-4.1%), from €1.0m to €968,414
of which Land and buildings: -€32,117
- Other debts -€116,949
down €116,949 (-33.1%), from €352,979 to €236,030
- Reserves +€64,512
up €64,512 (+27.3%), from €236,641 to €301,153
- Debts after one year -€28,062
down €28,062 (-6.0%), from €465,426 to €437,363
- Gross operating margin -€28,277
down €28,277 (-11.8%), from €239,001 to €210,725
- Taxes -€13,691
down €13,691 (-36.1%), from €37,903 to €24,211
- Depreciation +€6,034
up €6,034 (+9.4%), from €64,470 to €70,503
- Staff costs +€4,004
up €4,004 (+11.2%), from €35,632 to €39,636
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 | €1,160,804 | €1,077,063 | -€83,742 | -7.2% |
| Fixed assets | 21/28 | €1,009,308 | €968,414 | -€40,894 | -4.1% |
| Tangible fixed assets | 22/27 | €1,009,308 | €968,414 | -€40,894 | -4.1% |
| Land and buildings | 22 | €897,909 | €865,791 | -€32,117 | -3.6% |
| Plant, machinery and equipment | 23 | €91,448 | €77,347 | -€14,102 | -15.4% |
| Furniture and vehicles | 24 | €19,951 | €25,276 | +€5,325 | +26.7% |
| Current assets | 29/58 | €151,496 | €108,648 | -€42,848 | -28.3% |
| Stocks and contracts in progress | 3 | €20,400 | €19,204 | -€1,196 | -5.9% |
| Stocks | 30/36 | €20,400 | €19,204 | -€1,196 | -5.9% |
| Amounts receivable within one year | 40/41 | €7,491 | €15,278 | +€7,787 | +104% |
| Trade receivables | 40 | €4,940 | €2,209 | -€2,732 | -55.3% |
| Other amounts receivable | 41 | €2,551 | €13,069 | +€10,518 | +412% |
| Cash at bank and in hand | 54/58 | €123,605 | €74,167 | -€49,438 | -40.0% |
| Total equity and liabilities | 10/49 | €1,160,804 | €1,077,063 | -€83,742 | -7.2% |
| Equity | 10/15 | €287,363 | €351,876 | +€64,512 | +22.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €236,641 | €301,153 | +€64,512 | +27.3% |
| Distributable reserves | 133 | €236,641 | €301,153 | +€64,512 | +27.3% |
| Profit (loss) carried forward | 14 | €723 | €723 | = | 0.0% |
| Amounts payable | 17/49 | €873,441 | €725,187 | -€148,254 | -17.0% |
| Amounts payable after more than one year | 17 | €465,426 | €437,363 | -€28,062 | -6.0% |
| Financial debts | 170/4 | €465,426 | €437,363 | -€28,062 | -6.0% |
| Amounts payable within one year | 42/48 | €408,015 | €287,824 | -€120,192 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €29,808 | €32,179 | +€2,371 | +8.0% |
| Trade debts | 44 | - | €2,589 | +€2,589 | |
| Suppliers | 440/4 | - | €2,589 | +€2,589 | |
| Taxes, remuneration and social security | 45 | €25,229 | €17,025 | -€8,204 | -32.5% |
| Taxes | 450/3 | €20,940 | €15,420 | -€5,520 | -26.4% |
| Remuneration and social security | 454/9 | €4,289 | €1,605 | -€2,684 | -62.6% |
| Other amounts payable | 47/48 | €352,979 | €236,030 | -€116,949 | -33.1% |
| Remuneration, social security and pensions | 62 | €35,632 | €39,636 | +€4,004 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,470 | €70,503 | +€6,034 | +9.4% |
| Other operating charges | 640/8 | €1,992 | €3,578 | +€1,586 | +79.6% |
| Gross operating margin | 9900 | €239,001 | €210,725 | -€28,277 | -11.8% |
| Operating profit (loss) | 9901 | €136,908 | €97,007 | -€39,901 | -29.1% |
| Financial income | 75/76B | €57 | €0 | -€57 | -100.0% |
| Recurring financial income | 75 | €57 | €0 | -€57 | -100.0% |
| Financial charges | 65/66B | €8,127 | €8,283 | +€156 | +1.9% |
| Recurring financial charges | 65 | €8,127 | €8,283 | +€156 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €128,838 | €88,723 | -€40,114 | -31.1% |
| Income taxes | 67/77 | €37,903 | €24,211 | -€13,691 | -36.1% |
| Profit (loss) for the period | 9904 | €90,935 | €64,512 | -€26,423 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,935 | €64,512 | -€26,423 | -29.1% |
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 20 October 2026 via checked.be.