Ar. Vi. He: 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.
Ar. Vi. He
Largest movements
- Receivables within one year -€5,765
down €5,765 (-70.4%), from €8,186 to €2,420
- Cash +€5,472
up €5,472 (+6.7%), from €82,148 to €87,620
mainly Other debts (+€30,200) and Net result for the year (+€7,824)
- Profit (loss) carried forward -€32,176
down €32,176 (-80.2%), from €40,137 to €7,961
- Other debts +€30,200
up €30,200 (+274.5%), from €11,000 to €41,200
- Trade debts +€1,874
up €1,874 (+84.0%), from €2,231 to €4,105
- Gross operating margin -€2,250
down €2,250 (-15.7%), from €14,331 to €12,081
- Taxes +€240
up €240 (+7.6%), from €3,169 to €3,409
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.
Cash bridge derived
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 | €92,652 | €91,830 | -€822 | -0.9% |
| Fixed assets | 21/28 | €486 | €154 | -€332 | -68.2% |
| Tangible fixed assets | 22/27 | €486 | €154 | -€332 | -68.2% |
| Furniture and vehicles | 24 | €486 | €154 | -€332 | -68.2% |
| Current assets | 29/58 | €92,166 | €91,676 | -€490 | -0.5% |
| Stocks and contracts in progress | 3 | €1,833 | €1,500 | -€333 | -18.2% |
| Stocks | 30/36 | €1,833 | €1,500 | -€333 | -18.2% |
| Amounts receivable within one year | 40/41 | €8,186 | €2,420 | -€5,765 | -70.4% |
| Trade receivables | 40 | €8,186 | €2,420 | -€5,765 | -70.4% |
| Cash at bank and in hand | 54/58 | €82,148 | €87,620 | +€5,472 | +6.7% |
| Deferred charges and accrued income | 490/1 | - | €136 | +€136 | |
| Total equity and liabilities | 10/49 | €92,652 | €91,830 | -€822 | -0.9% |
| Equity | 10/15 | €74,222 | €42,046 | -€32,176 | -43.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,137 | €7,961 | -€32,176 | -80.2% |
| Amounts payable | 17/49 | €18,430 | €49,784 | +€31,354 | +170.1% |
| Amounts payable within one year | 42/48 | €18,430 | €49,784 | +€31,354 | +170.1% |
| Trade debts | 44 | €2,231 | €4,105 | +€1,874 | +84.0% |
| Suppliers | 440/4 | €2,231 | €4,105 | +€1,874 | +84.0% |
| Taxes, remuneration and social security | 45 | €5,199 | €4,479 | -€720 | -13.9% |
| Taxes | 450/3 | €5,199 | €4,479 | -€720 | -13.9% |
| Other amounts payable | 47/48 | €11,000 | €41,200 | +€30,200 | +274.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €332 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €14,331 | €12,081 | -€2,250 | -15.7% |
| Operating profit (loss) | 9901 | €13,612 | €11,350 | -€2,262 | -16.6% |
| Financial income | 75/76B | €13 | €21 | +€9 | +68.4% |
| Recurring financial income | 75 | €13 | €21 | +€9 | +68.4% |
| Financial charges | 65/66B | €138 | €138 | -€0 | -0.2% |
| Recurring financial charges | 65 | €138 | €138 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €13,486 | €11,233 | -€2,253 | -16.7% |
| Income taxes | 67/77 | €3,169 | €3,409 | +€240 | +7.6% |
| Profit (loss) for the period | 9904 | €10,317 | €7,824 | -€2,493 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,317 | €7,824 | -€2,493 | -24.2% |
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 12 October 2026 via checked.be.