ARLOVI: 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.
ARLOVI
Largest movements
- Cash +€391,130
up €391,130 (+276%), from €141,849 to €532,979
mainly Net result for the year (+€213,989) and Tax, wage and social debts (+€102,346)
- Tangible fixed assets -€59,098
down €59,098 (-3.9%), from €1.5m to €1.5m
of which Land and buildings: -€59,546
- Reserves +€213,989
up €213,989 (+28.1%), from €760,285 to €974,274
of which Distributable reserves: +€202,278
- Tax, wage and social debts +€102,346
up €102,346 (+28.2%), from €363,113 to €465,459
- Gross operating margin +€364,255
up €364,255 (+764%), from €47,659 to €411,914
- Taxes -€257,603
down €257,603 (-71.2%), from €361,930 to €104,327
- Depreciation -€140,440
down €140,440 (-73.6%), from €190,922 to €50,482
- Other operating charges +€35,134
up €35,134 (+403%), from €8,721 to €43,855
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 | €1,674,502 | €1,993,601 | +€319,099 | +19.1% |
| Fixed assets | 21/28 | €1,519,720 | €1,460,622 | -€59,098 | -3.9% |
| Tangible fixed assets | 22/27 | €1,519,720 | €1,460,622 | -€59,098 | -3.9% |
| Land and buildings | 22 | €1,517,258 | €1,457,711 | -€59,546 | -3.9% |
| Furniture and vehicles | 24 | €2,463 | €2,911 | +€448 | +18.2% |
| Current assets | 29/58 | €154,782 | €532,979 | +€378,198 | +244% |
| Amounts receivable within one year | 40/41 | €12,932 | - | -€12,932 | |
| Other amounts receivable | 41 | €12,932 | - | -€12,932 | |
| Cash at bank and in hand | 54/58 | €141,849 | €532,979 | +€391,130 | +276% |
| Total equity and liabilities | 10/49 | €1,674,502 | €1,993,601 | +€319,099 | +19.1% |
| Equity | 10/15 | €1,309,569 | €1,523,558 | +€213,989 | +16.3% |
| Contributions | 10/11 | €549,283 | €549,283 | = | 0.0% |
| Capital | 10 | €549,283 | €549,283 | = | 0.0% |
| Issued capital | 100 | €549,283 | €549,283 | = | 0.0% |
| Reserves | 13 | €760,285 | €974,274 | +€213,989 | +28.1% |
| Non-distributable reserves | 130/1 | €3,363 | €15,074 | +€11,711 | +348% |
| Legal reserve | 130 | €3,363 | €15,074 | +€11,711 | +348% |
| Distributable reserves | 133 | €756,922 | €959,200 | +€202,278 | +26.7% |
| Amounts payable | 17/49 | €364,933 | €470,043 | +€105,110 | +28.8% |
| Amounts payable within one year | 42/48 | €364,933 | €470,043 | +€105,110 | +28.8% |
| Trade debts | 44 | €1,820 | €3,868 | +€2,048 | +113% |
| Suppliers | 440/4 | €1,820 | €3,868 | +€2,048 | +113% |
| Taxes, remuneration and social security | 45 | €363,113 | €465,459 | +€102,346 | +28.2% |
| Taxes | 450/3 | €363,113 | €465,459 | +€102,346 | +28.2% |
| Other amounts payable | 47/48 | - | €717 | +€717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,922 | €50,482 | -€140,440 | -73.6% |
| Other operating charges | 640/8 | €8,721 | €43,855 | +€35,134 | +403% |
| Gross operating margin | 9900 | €47,659 | €411,914 | +€364,255 | +764% |
| Operating profit (loss) | 9901 | -€151,984 | €317,577 | +€469,562 | |
| Financial income | 75/76B | €5,144 | €3,049 | -€2,095 | -40.7% |
| Recurring financial income | 75 | €5,144 | €3,049 | -€2,095 | -40.7% |
| Financial charges | 65/66B | €489 | €2,311 | +€1,822 | +373% |
| Recurring financial charges | 65 | €489 | €2,311 | +€1,822 | +373% |
| Profit (loss) for the period before taxes | 9903 | -€147,329 | €318,316 | +€465,645 | |
| Income taxes | 67/77 | €361,930 | €104,327 | -€257,603 | -71.2% |
| Profit (loss) for the period | 9904 | -€509,259 | €213,989 | +€723,248 | |
| Transfer from tax-exempt reserves | 789 | €1,254,347 | - | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €745,088 | €213,989 | -€531,099 | -71.3% |
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 30 October 2026 via checked.be.