Makelaarskantoor 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.
Makelaarskantoor Arnou
Largest movements
- Tangible fixed assets +€443,761
up €443,761 (+18.4%), from €2.4m to €2.9m
of which Land and buildings: +€599,587
- Receivables within one year +€84,697
up €84,697 (+748%), from €11,323 to €96,020
of which Trade receivables: +€68,960
- Cash -€64,483
down €64,483 (-47.2%), from €136,531 to €72,048
mainly Investment in fixed assets (net) (-€553,369) and Receivables within one year (-€84,697)
- Other debts +€588,789
up €588,789 (+168%), from €350,139 to €938,928
- Reserves -€89,040
down €89,040 (-11.1%), from €800,716 to €711,676
of which Distributable reserves: -€87,908
- Debts after one year -€79,994
down €79,994 (-7.8%), from €1.0m to €941,116
- Trade debts +€57,491
up €57,491 (+482%), from €11,940 to €69,431
- Gross operating margin -€338,803
down €338,803 (-60.6%), from €559,536 to €220,732
- Staff costs -€93,777
down €93,777 (-52.9%), from €177,316 to €83,539
- Taxes -€57,398
down €57,398 (-99.0%), from €58,002 to €604
- Other operating charges +€21,394
up €21,394 (+211%), from €10,159 to €31,553
- Depreciation -€19,645
down €19,645 (-14.6%), from €134,405 to €114,759
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 | €2,577,423 | €3,032,904 | +€455,481 | +17.7% |
| Fixed assets | 21/28 | €2,415,698 | €2,854,308 | +€438,610 | +18.2% |
| Tangible fixed assets | 22/27 | €2,406,489 | €2,850,250 | +€443,761 | +18.4% |
| Land and buildings | 22 | €2,242,318 | €2,841,904 | +€599,587 | +26.7% |
| Furniture and vehicles | 24 | €164,172 | €8,346 | -€155,825 | -94.9% |
| Financial fixed assets | 28 | €9,209 | €4,058 | -€5,151 | -55.9% |
| Current assets | 29/58 | €161,726 | €178,596 | +€16,871 | +10.4% |
| Amounts receivable within one year | 40/41 | €11,323 | €96,020 | +€84,697 | +748% |
| Trade receivables | 40 | €1,863 | €70,823 | +€68,960 | +3,702% |
| Other amounts receivable | 41 | €9,460 | €25,197 | +€15,737 | +166% |
| Cash at bank and in hand | 54/58 | €136,531 | €72,048 | -€64,483 | -47.2% |
| Deferred charges and accrued income | 490/1 | €13,872 | €10,529 | -€3,343 | -24.1% |
| Total equity and liabilities | 10/49 | €2,577,423 | €3,032,904 | +€455,481 | +17.7% |
| Equity | 10/15 | €1,050,716 | €950,358 | -€100,358 | -9.6% |
| Contributions | 10/11 | €250,000 | €238,682 | -€11,318 | -4.5% |
| Capital | 10 | €250,000 | €238,682 | -€11,318 | -4.5% |
| Issued capital | 100 | €250,000 | €238,682 | -€11,318 | -4.5% |
| Reserves | 13 | €800,716 | €711,676 | -€89,040 | -11.1% |
| Non-distributable reserves | 130/1 | €25,000 | €23,868 | -€1,132 | -4.5% |
| Legal reserve | 130 | €25,000 | €23,868 | -€1,132 | -4.5% |
| Distributable reserves | 133 | €775,716 | €687,808 | -€87,908 | -11.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,526,708 | €2,082,547 | +€555,839 | +36.4% |
| Amounts payable after more than one year | 17 | €1,021,110 | €941,116 | -€79,994 | -7.8% |
| Financial debts | 170/4 | €1,021,110 | €941,116 | -€79,994 | -7.8% |
| Amounts payable within one year | 42/48 | €465,872 | €1,111,207 | +€645,335 | +139% |
| Current portion of amounts payable after more than one year | 42 | €79,214 | €79,994 | +€780 | +1.0% |
| Trade debts | 44 | €11,940 | €69,431 | +€57,491 | +482% |
| Suppliers | 440/4 | €11,940 | €69,431 | +€57,491 | +482% |
| Advances received on contracts in progress | 46 | €1,100 | €4,908 | +€3,808 | +346% |
| Taxes, remuneration and social security | 45 | €23,479 | €17,946 | -€5,533 | -23.6% |
| Taxes | 450/3 | €6,351 | €17,946 | +€11,595 | +183% |
| Remuneration and social security | 454/9 | €17,128 | €0 | -€17,128 | -100% |
| Other amounts payable | 47/48 | €350,139 | €938,928 | +€588,789 | +168% |
| Accrued charges and deferred income | 492/3 | €39,725 | €30,224 | -€9,501 | -23.9% |
| Remuneration, social security and pensions | 62 | €177,316 | €83,539 | -€93,777 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,405 | €114,759 | -€19,645 | -14.6% |
| Other operating charges | 640/8 | €10,159 | €31,553 | +€21,394 | +211% |
| Non-recurring operating charges | 66A | - | -€0 | -€0 | |
| Gross operating margin | 9900 | €559,536 | €220,732 | -€338,803 | -60.6% |
| Operating profit (loss) | 9901 | €237,656 | -€9,119 | -€246,775 | |
| Financial income | 75/76B | €904 | €1,031 | +€127 | +14.1% |
| Recurring financial income | 75 | €904 | €1,031 | +€127 | +14.1% |
| Financial charges | 65/66B | €36,989 | €42,359 | +€5,369 | +14.5% |
| Recurring financial charges | 65 | €36,989 | €42,359 | +€5,369 | +14.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €201,571 | -€50,446 | -€252,017 | |
| Income taxes | 67/77 | €58,002 | €604 | -€57,398 | -99.0% |
| Profit (loss) for the period | 9904 | €143,569 | -€51,050 | -€194,619 | |
| Profit (loss) for the period to be appropriated | 9905 | €143,569 | -€51,050 | -€194,619 |
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.