ARLAV: what changed
Two fiscal 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.
ARLAV
Largest movements
- Stocks and contracts +€137,392
up €137,392 (+37.0%), from €371,074 to €508,466
- Receivables within one year -€116,958
down €116,958 (-53.8%), from €217,402 to €100,444
- Cash -€44,145
down €44,145 (-78.8%), from €55,991 to €11,846
mainly Stocks and contracts (-€137,392) and Net result for the year (-€16,448)
- Profit (loss) carried forward -€16,448
down €16,448, from €9,205 to -€7,243
- Accrued charges and deferred income -€7,263
no longer reported in 2025 (was €7,263)
- Gross operating margin +€22,304
up €22,304 (+92.4%), from -€24,127 to -€1,823
- Taxes +€4,105
new in 2025: €4,105
- Financial charges +€1,052
up €1,052 (+12.4%), from €8,509 to €9,562
- Other operating charges +€914
up €914 (+2078.3%), from €44 to €958
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 | €644,468 | €620,757 | -€23,711 | -3.7% |
| Current assets | 29/58 | €644,468 | €620,757 | -€23,711 | -3.7% |
| Stocks and contracts in progress | 3 | €371,074 | €508,466 | +€137,392 | +37.0% |
| Stocks | 30/36 | €371,074 | €508,466 | +€137,392 | +37.0% |
| Amounts receivable within one year | 40/41 | €217,402 | €100,444 | -€116,958 | -53.8% |
| Other amounts receivable | 41 | €217,402 | €100,444 | -€116,958 | -53.8% |
| Cash at bank and in hand | 54/58 | €55,991 | €11,846 | -€44,145 | -78.8% |
| Total equity and liabilities | 10/49 | €644,468 | €620,757 | -€23,711 | -3.7% |
| Equity | 10/15 | €237,205 | €220,757 | -€16,448 | -6.9% |
| Contributions | 10/11 | €228,000 | €228,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,205 | -€7,243 | -€16,448 | |
| Amounts payable | 17/49 | €407,263 | €400,000 | -€7,263 | -1.8% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,263 | - | -€7,263 | |
| Other operating charges | 640/8 | €44 | €958 | +€914 | +2078.3% |
| Gross operating margin | 9900 | -€24,127 | -€1,823 | +€22,304 | +92.4% |
| Operating profit (loss) | 9901 | -€24,171 | -€2,782 | +€21,389 | +88.5% |
| Financial charges | 65/66B | €8,509 | €9,562 | +€1,052 | +12.4% |
| Recurring financial charges | 65 | €8,509 | €9,562 | +€1,052 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,681 | -€12,344 | +€20,337 | +62.2% |
| Income taxes | 67/77 | - | €4,105 | +€4,105 | |
| Profit (loss) for the period | 9904 | -€32,681 | -€16,448 | +€16,232 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,681 | -€16,448 | +€16,232 | +49.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.