ARLIPASE: 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.
ARLIPASE
Largest movements
- Cash -€180,684
down €180,684 (-89.5%), from €201,886 to €21,203
mainly Other debts (-€287,912) and Deferred charges and accrued income (-€50,028)
- Receivables within one year -€104,611
down €104,611 (-30.2%), from €346,229 to €241,618
of which Other amounts receivable: -€124,142
- Deferred charges and accrued income +€50,028
up €50,028 (+3,247%), from €1,541 to €51,569
- Tangible fixed assets -€35,284
down €35,284 (-7.2%), from €489,177 to €453,893
of which Other tangible fixed assets: -€34,390
- Other debts -€287,912
down €287,912 (-99.6%), from €289,016 to €1,104
- Trade debts +€25,360
up €25,360 (+1,018%), from €2,492 to €27,852
- Short-term financial debts -€14,532
down €14,532 (-100%), from €14,532 to €0
- Gross operating margin -€196,945
down €196,945 (-75.6%), from €260,516 to €63,571
- Taxes -€57,389
down €57,389 (-90.8%), from €63,175 to €5,786
- Depreciation -€5,879
down €5,879 (-10.9%), from €53,930 to €48,051
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 | €1,040,624 | €770,074 | -€270,550 | -26.0% |
| Fixed assets | 21/28 | €490,968 | €455,684 | -€35,284 | -7.2% |
| Tangible fixed assets | 22/27 | €489,177 | €453,893 | -€35,284 | -7.2% |
| Land and buildings | 22 | €175,332 | €165,478 | -€9,855 | -5.6% |
| Plant, machinery and equipment | 23 | €1,509 | €11,700 | +€10,191 | +675% |
| Furniture and vehicles | 24 | €9,330 | €8,100 | -€1,230 | -13.2% |
| Other tangible fixed assets | 26 | €303,005 | €268,615 | -€34,390 | -11.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,791 | €1,791 | = | 0.0% |
| Current assets | 29/58 | €549,656 | €314,390 | -€235,266 | -42.8% |
| Amounts receivable within one year | 40/41 | €346,229 | €241,618 | -€104,611 | -30.2% |
| Trade receivables | 40 | €3,549 | €23,080 | +€19,531 | +550% |
| Other amounts receivable | 41 | €342,680 | €218,539 | -€124,142 | -36.2% |
| Cash at bank and in hand | 54/58 | €201,886 | €21,203 | -€180,684 | -89.5% |
| Deferred charges and accrued income | 490/1 | €1,541 | €51,569 | +€50,028 | +3,247% |
| Total equity and liabilities | 10/49 | €1,040,624 | €770,074 | -€270,550 | -26.0% |
| Equity | 10/15 | €373,783 | €378,642 | +€4,859 | +1.3% |
| Contributions | 10/11 | €111,300 | €111,300 | = | 0.0% |
| Reserves | 13 | €262,483 | €262,483 | = | 0.0% |
| Distributable reserves | 133 | €262,483 | €262,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €4,859 | +€4,859 | |
| Amounts payable | 17/49 | €666,841 | €391,432 | -€275,409 | -41.3% |
| Amounts payable after more than one year | 17 | €268,402 | €264,539 | -€3,863 | -1.4% |
| Financial debts | 170/4 | €268,402 | €264,539 | -€3,863 | -1.4% |
| Amounts payable within one year | 42/48 | €398,439 | €126,892 | -€271,547 | -68.2% |
| Current portion of amounts payable after more than one year | 42 | €29,009 | €33,664 | +€4,655 | +16.0% |
| Financial debts | 43 | €14,532 | €0 | -€14,532 | -100% |
| Credit institutions | 430/8 | €14,532 | €0 | -€14,532 | -100% |
| Trade debts | 44 | €2,492 | €27,852 | +€25,360 | +1,018% |
| Suppliers | 440/4 | €2,492 | €27,852 | +€25,360 | +1,018% |
| Taxes, remuneration and social security | 45 | €63,390 | €64,273 | +€882 | +1.4% |
| Taxes | 450/3 | €55,435 | €64,273 | +€8,838 | +15.9% |
| Remuneration and social security | 454/9 | €7,955 | €0 | -€7,955 | -100% |
| Other amounts payable | 47/48 | €289,016 | €1,104 | -€287,912 | -99.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,930 | €48,051 | -€5,879 | -10.9% |
| Other operating charges | 640/8 | €12,211 | €10,337 | -€1,874 | -15.3% |
| Gross operating margin | 9900 | €260,516 | €63,571 | -€196,945 | -75.6% |
| Operating profit (loss) | 9901 | €194,375 | €5,183 | -€189,191 | -97.3% |
| Financial income | 75/76B | €15,694 | €15,054 | -€640 | -4.1% |
| Recurring financial income | 75 | €15,694 | €15,054 | -€640 | -4.1% |
| Financial charges | 65/66B | €12,080 | €9,592 | -€2,488 | -20.6% |
| Recurring financial charges | 65 | €12,080 | €9,592 | -€2,488 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €197,989 | €10,645 | -€187,343 | -94.6% |
| Income taxes | 67/77 | €63,175 | €5,786 | -€57,389 | -90.8% |
| Profit (loss) for the period | 9904 | €134,814 | €4,859 | -€129,954 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €134,814 | €4,859 | -€129,954 | -96.4% |
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 16 October 2026 via checked.be.