Immo Arnou: 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.
Immo Arnou
Largest movements
- Receivables within one year +€37,708
up €37,708 (+2142.3%), from €1,760 to €39,468
of which Other amounts receivable: +€35,195
- Cash -€13,056
down €13,056 (-19.5%), from €67,105 to €54,049
mainly Receivables within one year (-€37,708) and Net result for the year (-€7,167)
- Tangible fixed assets -€10,815
down €10,815 (-25.3%), from €42,681 to €31,866
- Intangible fixed assets -€5,000
down €5,000 (-33.3%), from €15,014 to €10,014
- Advances received +€14,022
up €14,022 (+125.9%), from €11,138 to €25,160
- Profit (loss) carried forward -€7,167
down €7,167, from €0 to -€7,167
- Trade debts +€3,451
up €3,451 (+100.8%), from €3,425 to €6,876
- Other debts -€2,751
down €2,751 (-7.7%), from €35,547 to €32,797
- Tax, wage and social debts +€2,386
up €2,386 (+37.7%), from €6,328 to €8,713
of which Remuneration and social security: +€4,790
- Staff costs +€18,824
up €18,824 (+69.5%), from €27,073 to €45,896
- Depreciation +€5,860
up €5,860 (+58.9%), from €9,955 to €15,815
- Taxes -€5,122
down €5,122 (-96.9%), from €5,288 to €166
- Gross operating margin -€3,225
down €3,225 (-5.5%), from €58,897 to €55,672
- Financial charges -€1,235
down €1,235, from €1,235 to -€0
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,014 | €137,799 | +€7,785 | +6.0% |
| Fixed assets | 21/28 | €57,808 | €41,993 | -€15,815 | -27.4% |
| Intangible fixed assets | 21 | €15,014 | €10,014 | -€5,000 | -33.3% |
| Tangible fixed assets | 22/27 | €42,681 | €31,866 | -€10,815 | -25.3% |
| Furniture and vehicles | 24 | €42,681 | €31,866 | -€10,815 | -25.3% |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €72,206 | €95,806 | +€23,600 | +32.7% |
| Amounts receivable within one year | 40/41 | €1,760 | €39,468 | +€37,708 | +2142.3% |
| Trade receivables | 40 | - | €2,513 | +€2,513 | |
| Other amounts receivable | 41 | €1,760 | €36,955 | +€35,195 | +1999.6% |
| Cash at bank and in hand | 54/58 | €67,105 | €54,049 | -€13,056 | -19.5% |
| Deferred charges and accrued income | 490/1 | €3,341 | €2,289 | -€1,052 | -31.5% |
| Total equity and liabilities | 10/49 | €130,014 | €137,799 | +€7,785 | +6.0% |
| Equity | 10/15 | €71,420 | €64,253 | -€7,167 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,820 | €52,820 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €50,960 | €52,820 | +€1,860 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | -€7,167 | -€7,167 | |
| Amounts payable | 17/49 | €58,594 | €73,546 | +€14,952 | +25.5% |
| Amounts payable within one year | 42/48 | €56,437 | €73,546 | +€17,109 | +30.3% |
| Trade debts | 44 | €3,425 | €6,876 | +€3,451 | +100.8% |
| Suppliers | 440/4 | €3,425 | €6,876 | +€3,451 | +100.8% |
| Advances received on contracts in progress | 46 | €11,138 | €25,160 | +€14,022 | +125.9% |
| Taxes, remuneration and social security | 45 | €6,328 | €8,713 | +€2,386 | +37.7% |
| Taxes | 450/3 | €3,714 | €1,309 | -€2,404 | -64.7% |
| Remuneration and social security | 454/9 | €2,614 | €7,404 | +€4,790 | +183.2% |
| Other amounts payable | 47/48 | €35,547 | €32,797 | -€2,751 | -7.7% |
| Accrued charges and deferred income | 492/3 | €2,157 | €0 | -€2,157 | -100.0% |
| Remuneration, social security and pensions | 62 | €27,073 | €45,896 | +€18,824 | +69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,955 | €15,815 | +€5,860 | +58.9% |
| Other operating charges | 640/8 | €873 | €448 | -€424 | -48.6% |
| Non-recurring operating charges | 66A | - | €875 | +€875 | |
| Gross operating margin | 9900 | €58,897 | €55,672 | -€3,225 | -5.5% |
| Operating profit (loss) | 9901 | €20,997 | -€7,363 | -€28,360 | |
| Financial income | 75/76B | €207 | €361 | +€154 | +74.5% |
| Recurring financial income | 75 | €207 | €361 | +€154 | +74.5% |
| Financial charges | 65/66B | €1,235 | -€0 | -€1,235 | |
| Recurring financial charges | 65 | €1,235 | -€0 | -€1,235 | |
| Profit (loss) for the period before taxes | 9903 | €19,969 | -€7,001 | -€26,970 | |
| Income taxes | 67/77 | €5,288 | €166 | -€5,122 | -96.9% |
| Profit (loss) for the period | 9904 | €14,681 | -€7,167 | -€21,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,681 | -€7,167 | -€21,848 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.