ARLO: what changed
ARLO
Largest movements
- Tangible fixed assets +€90,424
up €90,424 (+3,351%), from €2,699 to €93,123
of which Furniture and vehicles: +€90,674
- Receivables within one year +€10,800
up €10,800 (+32.1%), from €33,604 to €44,404
of which Trade receivables: +€13,016
- Stocks and contracts -€10,550
no longer reported in 2025 (was €10,550)
- Cash -€8,309
down €8,309 (-25.7%), from €32,282 to €23,972
mainly Net result for the year (-€235,620) and Investment in fixed assets (net) (-€111,105)
- Other debts +€336,698
up €336,698 (+39.5%), from €852,080 to €1.2m
- Profit (loss) carried forward -€235,620
down €235,620 (-27.9%), from -€844,399 to -€1.1m
- Trade debts -€18,089
down €18,089 (-34.8%), from €52,048 to €33,959
- Tax, wage and social debts -€1,742
down €1,742 (-38.8%), from €4,488 to €2,746
- Financial charges -€332,510
down €332,510 (-99.9%), from €332,799 to €289
of which Non-recurring financial charges: -€332,473
- Depreciation +€9,006
up €9,006 (+77.1%), from €11,676 to €20,681
- Gross operating margin +€7,063
up €7,063 (+3.2%), from -€220,933 to -€213,870
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,768 | €164,015 | +€81,247 | +98.2% |
| Fixed assets | 21/28 | €2,699 | €93,123 | +€90,424 | +3,351% |
| Tangible fixed assets | 22/27 | €2,699 | €93,123 | +€90,424 | +3,351% |
| Furniture and vehicles | 24 | €328 | €91,002 | +€90,674 | +27,662% |
| Other tangible fixed assets | 26 | €2,371 | €2,121 | -€250 | -10.5% |
| Current assets | 29/58 | €80,069 | €70,892 | -€9,177 | -11.5% |
| Stocks and contracts in progress | 3 | €10,550 | - | -€10,550 | |
| Stocks | 30/36 | €10,550 | - | -€10,550 | |
| Amounts receivable within one year | 40/41 | €33,604 | €44,404 | +€10,800 | +32.1% |
| Trade receivables | 40 | €31,388 | €44,404 | +€13,016 | +41.5% |
| Other amounts receivable | 41 | €2,216 | - | -€2,216 | |
| Cash at bank and in hand | 54/58 | €32,282 | €23,972 | -€8,309 | -25.7% |
| Deferred charges and accrued income | 490/1 | €3,633 | €2,516 | -€1,118 | -30.8% |
| Total equity and liabilities | 10/49 | €82,768 | €164,015 | +€81,247 | +98.2% |
| Equity | 10/15 | -€825,849 | -€1,061,470 | -€235,620 | -28.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€844,399 | -€1,080,020 | -€235,620 | -27.9% |
| Amounts payable | 17/49 | €908,617 | €1,225,484 | +€316,867 | +34.9% |
| Amounts payable within one year | 42/48 | €908,617 | €1,225,484 | +€316,867 | +34.9% |
| Trade debts | 44 | €52,048 | €33,959 | -€18,089 | -34.8% |
| Suppliers | 440/4 | €52,048 | €33,959 | -€18,089 | -34.8% |
| Taxes, remuneration and social security | 45 | €4,488 | €2,746 | -€1,742 | -38.8% |
| Taxes | 450/3 | €4,488 | €2,746 | -€1,742 | -38.8% |
| Other amounts payable | 47/48 | €852,080 | €1,188,779 | +€336,698 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,676 | €20,681 | +€9,006 | +77.1% |
| Other operating charges | 640/8 | €475 | €626 | +€151 | +31.8% |
| Gross operating margin | 9900 | -€220,933 | -€213,870 | +€7,063 | +3.2% |
| Operating profit (loss) | 9901 | -€233,084 | -€235,178 | -€2,094 | -0.9% |
| Financial charges | 65/66B | €332,799 | €289 | -€332,510 | -99.9% |
| Recurring financial charges | 65 | €326 | €289 | -€37 | -11.5% |
| Non-recurring financial charges | 66B | €332,473 | - | -€332,473 | |
| Profit (loss) for the period before taxes | 9903 | -€565,884 | -€235,467 | +€330,417 | +58.4% |
| Income taxes | 67/77 | €102 | €153 | +€51 | +50.4% |
| Profit (loss) for the period | 9904 | -€565,986 | -€235,620 | +€330,365 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€565,986 | -€235,620 | +€330,365 | +58.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.