ARAPONICS: 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.
ARAPONICS
Largest movements
- Intangible fixed assets -€6,568
down €6,568 (-100%), from €6,568 to €0
- Cash -€3,784
down €3,784 (-61.0%), from €6,209 to €2,424
mainly Net result for the year (-€8,655) and Trade debts (-€1,877)
- Profit (loss) carried forward -€8,655
down €8,655 (-6.5%), from -€133,888 to -€142,543
- Trade debts -€1,877
down €1,877 (-89.5%), from €2,097 to €220
- Financial income -€7,775
no longer reported in 2025 (was €7,775)
- Depreciation -€3,729
down €3,729 (-36.2%), from €10,296 to €6,568
- Other operating charges -€385
down €385 (-55.6%), from €692 to €308
- Gross operating margin +€250
up €250 (+14.1%), from -€1,774 to -€1,525
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 | €23,630 | €13,099 | -€10,531 | -44.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,568 | €0 | -€6,568 | -100% |
| Intangible fixed assets | 21 | €6,568 | €0 | -€6,568 | -100% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €17,062 | €13,099 | -€3,964 | -23.2% |
| Amounts receivable after more than one year | 29 | €1,843 | €1,843 | = | 0.0% |
| Other amounts receivable | 291 | €1,843 | €1,843 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,728 | €6,728 | = | 0.0% |
| Stocks | 30/36 | €6,728 | €6,728 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,282 | €2,103 | -€179 | -7.8% |
| Trade receivables | 40 | €146 | €0 | -€146 | -100% |
| Other amounts receivable | 41 | €2,136 | €2,103 | -€33 | -1.5% |
| Cash at bank and in hand | 54/58 | €6,209 | €2,424 | -€3,784 | -61.0% |
| Total equity and liabilities | 10/49 | €23,630 | €13,099 | -€10,531 | -44.6% |
| Equity | 10/15 | €21,112 | €12,457 | -€8,655 | -41.0% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Capital | 10 | €155,000 | €155,000 | = | 0.0% |
| Issued capital | 100 | €155,000 | €155,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,888 | -€142,543 | -€8,655 | -6.5% |
| Investment grants | 15 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,518 | €642 | -€1,877 | -74.5% |
| Amounts payable within one year | 42/48 | €2,518 | €642 | -€1,877 | -74.5% |
| Trade debts | 44 | €2,097 | €220 | -€1,877 | -89.5% |
| Suppliers | 440/4 | €2,097 | €220 | -€1,877 | -89.5% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €422 | €422 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,296 | €6,568 | -€3,729 | -36.2% |
| Other operating charges | 640/8 | €692 | €308 | -€385 | -55.6% |
| Gross operating margin | 9900 | -€1,774 | -€1,525 | +€250 | +14.1% |
| Operating profit (loss) | 9901 | -€12,763 | -€8,400 | +€4,363 | +34.2% |
| Financial income | 75/76B | €7,775 | - | -€7,775 | |
| Recurring financial income | 75 | €7,775 | - | -€7,775 | |
| Financial charges | 65/66B | €271 | €255 | -€16 | -5.9% |
| Recurring financial charges | 65 | €271 | €255 | -€16 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,259 | -€8,655 | -€3,395 | -64.6% |
| Income taxes | 67/77 | €12 | - | -€12 | |
| Profit (loss) for the period | 9904 | -€5,272 | -€8,655 | -€3,383 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,272 | -€8,655 | -€3,383 | -64.2% |
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 19 October 2026 via checked.be.