ARANVISE: 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.
ARANVISE
Largest movements
- Receivables within one year -€1.8m
down €1.8m (-63.7%), from €2.8m to €1.0m
of which Other amounts receivable: -€1.8m
- Cash -€502,138
down €502,138 (-59.7%), from €840,514 to €338,376
mainly Tax, wage and social debts (-€2.6m) and Investment in fixed assets (net) (-€204,505)
- Current investments -€385,731
down €385,731 (-2.2%), from €17.9m to €17.5m
- Tax, wage and social debts -€2.6m
down €2.6m (-96.8%), from €2.7m to €86,281
- Financial charges +€282,241
up €282,241 (+177%), from €159,190 to €441,431
of which Financial charges: +€302,241
- Gross operating margin -€182,959
down €182,959, from €138,782 to -€44,177
- Depreciation -€83,530
down €83,530 (-54.4%), from €153,634 to €70,105
- Taxes -€50,629
down €50,629 (-22.9%), from €221,366 to €170,736
- Financial income +€14,917
up €14,917 (+1.6%), from €915,541 to €930,457
of which Financial income: +€14,917
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 | €32,625,198 | €30,082,353 | -€2.5m | -7.8% |
| Fixed assets | 21/28 | €10,998,002 | €11,132,402 | +€134,401 | +1.2% |
| Tangible fixed assets | 22/27 | €1,239,337 | €1,373,738 | +€134,401 | +10.8% |
| Land and buildings | 22 | €1,108,706 | €1,278,903 | +€170,197 | +15.4% |
| Furniture and vehicles | 24 | €130,632 | €94,835 | -€35,797 | -27.4% |
| Financial fixed assets | 28 | €9,758,665 | €9,758,665 | = | 0.0% |
| Current assets | 29/58 | €21,627,196 | €18,949,951 | -€2.7m | -12.4% |
| Amounts receivable within one year | 40/41 | €2,790,330 | €1,013,936 | -€1.8m | -63.7% |
| Trade receivables | 40 | €24,200 | €0 | -€24,200 | -100% |
| Other amounts receivable | 41 | €2,766,130 | €1,013,936 | -€1.8m | -63.3% |
| Current investments | 50/53 | €17,934,065 | €17,548,334 | -€385,731 | -2.2% |
| Cash at bank and in hand | 54/58 | €840,514 | €338,376 | -€502,138 | -59.7% |
| Deferred charges and accrued income | 490/1 | €62,288 | €49,305 | -€12,983 | -20.8% |
| Total equity and liabilities | 10/49 | €32,625,198 | €30,082,353 | -€2.5m | -7.8% |
| Equity | 10/15 | €29,616,729 | €29,813,663 | +€196,934 | +0.7% |
| Contributions | 10/11 | €47,000 | €47,000 | = | 0.0% |
| Reserves | 13 | €29,569,729 | €29,766,663 | +€196,934 | +0.7% |
| Tax-exempt reserves | 132 | €210,500 | €210,500 | = | 0.0% |
| Distributable reserves | 133 | €29,359,229 | €29,556,163 | +€196,934 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,008,469 | €268,690 | -€2.7m | -91.1% |
| Amounts payable after more than one year | 17 | €143,964 | €126,244 | -€17,719 | -12.3% |
| Financial debts | 170/4 | €143,964 | €126,244 | -€17,719 | -12.3% |
| Amounts payable within one year | 42/48 | €2,851,379 | €126,757 | -€2.7m | -95.6% |
| Current portion of amounts payable after more than one year | 42 | €17,417 | €17,719 | +€302 | +1.7% |
| Financial debts | 43 | €74,059 | €0 | -€74,059 | -100% |
| Credit institutions | 430/8 | €74,059 | €0 | -€74,059 | -100% |
| Trade debts | 44 | €36,257 | €22,757 | -€13,500 | -37.2% |
| Suppliers | 440/4 | €36,257 | €22,757 | -€13,500 | -37.2% |
| Taxes, remuneration and social security | 45 | €2,673,646 | €86,281 | -€2.6m | -96.8% |
| Taxes | 450/3 | €2,673,646 | €86,281 | -€2.6m | -96.8% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100% |
| Accrued charges and deferred income | 492/3 | €13,127 | €15,689 | +€2,562 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,634 | €70,105 | -€83,530 | -54.4% |
| Other operating charges | 640/8 | €7,072 | €7,073 | +€2 | 0.0% |
| Gross operating margin | 9900 | €138,782 | -€44,177 | -€182,959 | |
| Operating profit (loss) | 9901 | -€21,924 | -€121,355 | -€99,431 | -454% |
| Financial income | 75/76B | €915,541 | €930,457 | +€14,917 | +1.6% |
| Recurring financial income | 75 | €915,541 | €930,457 | +€14,917 | +1.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €159,190 | €441,431 | +€282,241 | +177% |
| Recurring financial charges | 65 | €139,190 | €441,431 | +€302,241 | +217% |
| Non-recurring financial charges | 66B | €20,000 | €0 | -€20,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €734,426 | €367,671 | -€366,755 | -49.9% |
| Income taxes | 67/77 | €221,366 | €170,736 | -€50,629 | -22.9% |
| Profit (loss) for the period | 9904 | €513,060 | €196,934 | -€316,126 | -61.6% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €0 | -€210,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €302,560 | €196,934 | -€105,626 | -34.9% |
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 1 November 2026 via checked.be.