ARIFA RENOV: what changed
ARIFA RENOV
Largest movements
- Receivables within one year -€7,687
down €7,687 (-7.8%), from €98,263 to €90,576
of which Other amounts receivable: -€22,542
- Cash -€6,079
down €6,079 (-63.7%), from €9,549 to €3,470
mainly Tax, wage and social debts (-€13,294) and Net result for the year (-€6,044)
- Tangible fixed assets -€3,254
down €3,254 (-50.3%), from €6,468 to €3,214
of which Furniture and vehicles: -€2,000
- Deferred charges and accrued income -€2,434
down €2,434 (-40.6%), from €6,000 to €3,566
- Tax, wage and social debts -€13,294
down €13,294 (-42.0%), from €31,666 to €18,372
of which Taxes: -€7,767
- Profit (loss) carried forward -€6,044
down €6,044 (-9.0%), from €66,800 to €60,757
- Other debts -€2,771
no longer reported in 2025 (was €2,771)
- Trade debts +€2,656
up €2,656 (+28.8%), from €9,233 to €11,888
- Gross operating margin -€70,041
down €70,041, from €64,670 to -€5,371
- Taxes -€16,136
no longer reported in 2025 (was €16,136)
- Financial income +€4,522
new in 2025: €4,522
- Staff costs -€1,872
no longer reported in 2025 (was €1,872)
- Other operating charges +€912
up €912 (+107%), from €852 to €1,764
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 | €125,930 | €106,476 | -€19,454 | -15.4% |
| Fixed assets | 21/28 | €12,118 | €8,864 | -€3,254 | -26.9% |
| Tangible fixed assets | 22/27 | €6,468 | €3,214 | -€3,254 | -50.3% |
| Plant, machinery and equipment | 23 | €2,522 | €1,268 | -€1,254 | -49.7% |
| Furniture and vehicles | 24 | €3,946 | €1,946 | -€2,000 | -50.7% |
| Financial fixed assets | 28 | €5,650 | €5,650 | = | 0.0% |
| Current assets | 29/58 | €113,812 | €97,612 | -€16,200 | -14.2% |
| Amounts receivable within one year | 40/41 | €98,263 | €90,576 | -€7,687 | -7.8% |
| Trade receivables | 40 | €32,551 | €47,405 | +€14,854 | +45.6% |
| Other amounts receivable | 41 | €65,712 | €43,171 | -€22,542 | -34.3% |
| Cash at bank and in hand | 54/58 | €9,549 | €3,470 | -€6,079 | -63.7% |
| Deferred charges and accrued income | 490/1 | €6,000 | €3,566 | -€2,434 | -40.6% |
| Total equity and liabilities | 10/49 | €125,930 | €106,476 | -€19,454 | -15.4% |
| Equity | 10/15 | €82,260 | €76,217 | -€6,044 | -7.3% |
| Contributions | 10/11 | €15,450 | €15,450 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,800 | €60,757 | -€6,044 | -9.0% |
| Amounts payable | 17/49 | €43,670 | €30,260 | -€13,410 | -30.7% |
| Amounts payable within one year | 42/48 | €43,670 | €30,260 | -€13,410 | -30.7% |
| Trade debts | 44 | €9,233 | €11,888 | +€2,656 | +28.8% |
| Suppliers | 440/4 | €9,233 | €11,888 | +€2,656 | +28.8% |
| Taxes, remuneration and social security | 45 | €31,666 | €18,372 | -€13,294 | -42.0% |
| Taxes | 450/3 | €24,692 | €16,925 | -€7,767 | -31.5% |
| Remuneration and social security | 454/9 | €6,974 | €1,447 | -€5,527 | -79.3% |
| Other amounts payable | 47/48 | €2,771 | - | -€2,771 | |
| Remuneration, social security and pensions | 62 | €1,872 | - | -€1,872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,254 | €3,254 | = | 0.0% |
| Other operating charges | 640/8 | €852 | €1,764 | +€912 | +107% |
| Gross operating margin | 9900 | €64,670 | -€5,371 | -€70,041 | |
| Operating profit (loss) | 9901 | €58,693 | -€10,389 | -€69,082 | |
| Financial income | 75/76B | - | €4,522 | +€4,522 | |
| Recurring financial income | 75 | - | €4,522 | +€4,522 | |
| Financial charges | 65/66B | €173 | €176 | +€3 | +1.8% |
| Recurring financial charges | 65 | €173 | €176 | +€3 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €58,520 | -€6,044 | -€64,563 | |
| Income taxes | 67/77 | €16,136 | - | -€16,136 | |
| Profit (loss) for the period | 9904 | €42,384 | -€6,044 | -€48,428 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,384 | -€6,044 | -€48,428 |
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.