ARFACO: 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.
ARFACO
Largest movements
- Cash -€1,122
down €1,122 (-3.0%), from €37,517 to €36,395
mainly Net result for the year (-€1,110) and Receivables within one year (-€12)
- Profit (loss) carried forward -€1,110
down €1,110 (-1.3%), from €82,334 to €81,224
- Gross operating margin +€1,681
up €1,681 (+73.1%), from -€2,300 to -€619
- Financial income +€43
new in 2025: €43
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 | €96,300 | €95,190 | -€1,110 | -1.2% |
| Current assets | 29/58 | €96,300 | €95,190 | -€1,110 | -1.2% |
| Amounts receivable within one year | 40/41 | €58,783 | €58,796 | +€12 | 0.0% |
| Trade receivables | 40 | €55,125 | €55,125 | = | 0.0% |
| Other amounts receivable | 41 | €3,659 | €3,671 | +€12 | +0.3% |
| Cash at bank and in hand | 54/58 | €37,517 | €36,395 | -€1,122 | -3.0% |
| Total equity and liabilities | 10/49 | €96,300 | €95,190 | -€1,110 | -1.2% |
| Equity | 10/15 | €90,394 | €89,284 | -€1,110 | -1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,334 | €81,224 | -€1,110 | -1.3% |
| Amounts payable | 17/49 | €5,906 | €5,906 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,906 | €5,906 | = | 0.0% |
| Trade debts | 44 | €6 | - | -€6 | |
| Suppliers | 440/4 | €6 | - | -€6 | |
| Other amounts payable | 47/48 | €5,900 | €5,906 | +€6 | +0.1% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | -€2,300 | -€619 | +€1,681 | +73.1% |
| Operating profit (loss) | 9901 | -€2,749 | -€1,081 | +€1,669 | +60.7% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,816 | -€1,110 | +€1,706 | +60.6% |
| Profit (loss) for the period | 9904 | -€2,816 | -€1,110 | +€1,706 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,816 | -€1,110 | +€1,706 | +60.6% |
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 13 October 2026 via checked.be.