NotArenberg: 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.
NotArenberg
Largest movements
- Cash +€38,731
up €38,731 (+23.3%), from €166,468 to €205,199
mainly Depreciation (+€46,099) and Receivables within one year (+€20,040)
- Tangible fixed assets -€31,149
down €31,149 (-7.5%), from €412,839 to €381,690
- Receivables within one year -€20,040
down €20,040 (-89.3%), from €22,440 to €2,400
- Debts after one year -€27,612
down €27,612 (-6.0%), from €457,850 to €430,238
- Reserves +€14,252
up €14,252 (+14.7%), from €97,024 to €111,276
of which Distributable reserves: +€14,252
- Short-term financial debts -€6,767
down €6,767 (-100%), from €6,767 to €0
- Gross operating margin +€13,885
up €13,885 (+18.3%), from €75,957 to €89,843
- Taxes +€4,787
up €4,787, from -€20 to €4,768
- Financial charges -€2,062
down €2,062 (-12.6%), from €16,402 to €14,340
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 | €605,316 | €591,065 | -€14,251 | -2.4% |
| Fixed assets | 21/28 | €412,839 | €381,690 | -€31,149 | -7.5% |
| Tangible fixed assets | 22/27 | €412,839 | €381,690 | -€31,149 | -7.5% |
| Land and buildings | 22 | €412,839 | €381,690 | -€31,149 | -7.5% |
| Current assets | 29/58 | €192,477 | €209,375 | +€16,898 | +8.8% |
| Amounts receivable within one year | 40/41 | €22,440 | €2,400 | -€20,040 | -89.3% |
| Other amounts receivable | 41 | €22,440 | €2,400 | -€20,040 | -89.3% |
| Cash at bank and in hand | 54/58 | €166,468 | €205,199 | +€38,731 | +23.3% |
| Deferred charges and accrued income | 490/1 | €3,569 | €1,777 | -€1,793 | -50.2% |
| Total equity and liabilities | 10/49 | €605,316 | €591,065 | -€14,251 | -2.4% |
| Equity | 10/15 | €109,424 | €123,676 | +€14,252 | +13.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €97,024 | €111,276 | +€14,252 | +14.7% |
| Tax-exempt reserves | 132 | €33,554 | €33,554 | = | 0.0% |
| Distributable reserves | 133 | €63,470 | €77,722 | +€14,252 | +22.5% |
| Amounts payable | 17/49 | €495,892 | €467,389 | -€28,503 | -5.7% |
| Amounts payable after more than one year | 17 | €457,850 | €430,238 | -€27,612 | -6.0% |
| Financial debts | 170/4 | €457,850 | €430,238 | -€27,612 | -6.0% |
| Amounts payable within one year | 42/48 | €38,041 | €37,151 | -€891 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €26,811 | €27,612 | +€802 | +3.0% |
| Financial debts | 43 | €6,767 | €0 | -€6,767 | -100% |
| Credit institutions | 430/8 | €6,767 | €0 | -€6,767 | -100% |
| Trade debts | 44 | €148 | €152 | +€4 | +2.8% |
| Suppliers | 440/4 | €148 | €152 | +€4 | +2.8% |
| Taxes, remuneration and social security | 45 | - | €4,730 | +€4,730 | |
| Taxes | 450/3 | - | €4,730 | +€4,730 | |
| Other amounts payable | 47/48 | €4,316 | €4,656 | +€340 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,346 | €46,099 | +€753 | +1.7% |
| Other operating charges | 640/8 | €9,908 | €10,543 | +€636 | +6.4% |
| Gross operating margin | 9900 | €75,957 | €89,843 | +€13,885 | +18.3% |
| Operating profit (loss) | 9901 | €20,703 | €33,200 | +€12,497 | +60.4% |
| Financial income | 75/76B | €165 | €160 | -€5 | -3.3% |
| Recurring financial income | 75 | €165 | €160 | -€5 | -3.3% |
| Financial charges | 65/66B | €16,402 | €14,340 | -€2,062 | -12.6% |
| Recurring financial charges | 65 | €16,402 | €14,340 | -€2,062 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €4,467 | €19,020 | +€14,553 | +326% |
| Income taxes | 67/77 | -€20 | €4,768 | +€4,787 | |
| Profit (loss) for the period | 9904 | €4,486 | €14,252 | +€9,766 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €4,486 | €14,252 | +€9,766 | +218% |
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.