Sven Arnauts: 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.
Sven Arnauts
Largest movements
- Receivables within one year -€52,153
down €52,153 (-96.3%), from €54,138 to €1,985
- Tangible fixed assets +€45,645
up €45,645 (+30.4%), from €150,276 to €195,921
of which Leasing and similar rights: +€57,730
- Cash -€29,202
down €29,202 (-50.6%), from €57,709 to €28,507
mainly Investment in fixed assets (net) (-€67,277) and Other debts (-€66,764)
- Current investments +€24,777
new in 2025: €24,777
- Other debts -€66,764
down €66,764 (-99.5%), from €67,073 to €309
- Reserves +€25,516
new in 2025: €25,516
- Debts after one year +€22,858
up €22,858 (+21.8%), from €105,045 to €127,902
- Current portion of long-term debt +€11,666
up €11,666 (+192%), from €6,082 to €17,748
- Accrued charges and deferred income -€2,900
down €2,900 (-64.4%), from €4,500 to €1,600
- Gross operating margin +€13,023
up €13,023 (+23.8%), from €54,712 to €67,735
- Depreciation +€10,614
up €10,614 (+96.3%), from €11,018 to €21,632
- Financial charges +€3,672
up €3,672 (+74.0%), from €4,961 to €8,632
- Other operating charges +€2,844
up €2,844 (+699%), from €407 to €3,251
- Financial income +€2,696
new in 2025: €2,696
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 | €262,841 | €253,439 | -€9,401 | -3.6% |
| Fixed assets | 21/28 | €150,276 | €195,921 | +€45,645 | +30.4% |
| Tangible fixed assets | 22/27 | €150,276 | €195,921 | +€45,645 | +30.4% |
| Plant, machinery and equipment | 23 | €25,847 | €23,379 | -€2,467 | -9.5% |
| Furniture and vehicles | 24 | €11,941 | €8,291 | -€3,650 | -30.6% |
| Leasing and similar rights | 25 | - | €57,730 | +€57,730 | |
| Other tangible fixed assets | 26 | €112,488 | €106,521 | -€5,967 | -5.3% |
| Current assets | 29/58 | €112,565 | €57,518 | -€55,047 | -48.9% |
| Amounts receivable within one year | 40/41 | €54,138 | €1,985 | -€52,153 | -96.3% |
| Other amounts receivable | 41 | €54,138 | €1,985 | -€52,153 | -96.3% |
| Current investments | 50/53 | - | €24,777 | +€24,777 | |
| Cash at bank and in hand | 54/58 | €57,709 | €28,507 | -€29,202 | -50.6% |
| Deferred charges and accrued income | 490/1 | €718 | €2,249 | +€1,531 | +213% |
| Total equity and liabilities | 10/49 | €262,841 | €253,439 | -€9,401 | -3.6% |
| Equity | 10/15 | €69,147 | €94,664 | +€25,516 | +36.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | - | €25,516 | +€25,516 | |
| Distributable reserves | 133 | - | €25,516 | +€25,516 | |
| Profit (loss) carried forward | 14 | €57,147 | €57,147 | = | 0.0% |
| Amounts payable | 17/49 | €193,694 | €158,776 | -€34,918 | -18.0% |
| Amounts payable after more than one year | 17 | €105,045 | €127,902 | +€22,858 | +21.8% |
| Financial debts | 170/4 | €105,045 | €127,902 | +€22,858 | +21.8% |
| Amounts payable within one year | 42/48 | €84,149 | €29,274 | -€54,875 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | €6,082 | €17,748 | +€11,666 | +192% |
| Trade debts | 44 | €3,002 | €2,511 | -€490 | -16.3% |
| Suppliers | 440/4 | €3,002 | €2,511 | -€490 | -16.3% |
| Taxes, remuneration and social security | 45 | €7,992 | €8,706 | +€714 | +8.9% |
| Taxes | 450/3 | €7,992 | €8,706 | +€714 | +8.9% |
| Other amounts payable | 47/48 | €67,073 | €309 | -€66,764 | -99.5% |
| Accrued charges and deferred income | 492/3 | €4,500 | €1,600 | -€2,900 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,018 | €21,632 | +€10,614 | +96.3% |
| Other operating charges | 640/8 | €407 | €3,251 | +€2,844 | +699% |
| Gross operating margin | 9900 | €54,712 | €67,735 | +€13,023 | +23.8% |
| Operating profit (loss) | 9901 | €43,287 | €42,852 | -€434 | -1.0% |
| Financial income | 75/76B | - | €2,696 | +€2,696 | |
| Recurring financial income | 75 | - | €2,696 | +€2,696 | |
| Financial charges | 65/66B | €4,961 | €8,632 | +€3,672 | +74.0% |
| Recurring financial charges | 65 | €4,961 | €8,632 | +€3,672 | +74.0% |
| Profit (loss) for the period before taxes | 9903 | €38,326 | €36,916 | -€1,410 | -3.7% |
| Income taxes | 67/77 | €9,477 | €11,400 | +€1,923 | +20.3% |
| Profit (loss) for the period | 9904 | €28,849 | €25,516 | -€3,333 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,849 | €25,516 | -€3,333 | -11.6% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.