AROPAC: 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.
AROPAC
Largest movements
- Cash -€56,496
down €56,496 (-50.0%), from €113,063 to €56,567
mainly Receivables within one year (-€32,769) and Tax, wage and social debts (-€30,629)
- Receivables within one year +€32,769
up €32,769 (+62.7%), from €52,225 to €84,995
- Tangible fixed assets -€6,562
down €6,562 (-23.0%), from €28,521 to €21,958
- Tax, wage and social debts -€30,629
down €30,629 (-96.0%), from €31,897 to €1,268
- Gross operating margin -€86,842
down €86,842 (-96.0%), from €90,430 to €3,588
- Taxes -€25,605
down €25,605 (-99.9%), from €25,642 to €38
- Other operating charges -€5,195
down €5,195 (-96.9%), from €5,360 to €165
- Financial income +€2,813
up €2,813 (+1135.0%), from €248 to €3,061
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 | €250,132 | €220,115 | -€30,018 | -12.0% |
| Fixed assets | 21/28 | €28,521 | €21,958 | -€6,562 | -23.0% |
| Tangible fixed assets | 22/27 | €28,521 | €21,958 | -€6,562 | -23.0% |
| Furniture and vehicles | 24 | €28,521 | €21,958 | -€6,562 | -23.0% |
| Current assets | 29/58 | €221,611 | €198,156 | -€23,455 | -10.6% |
| Amounts receivable after more than one year | 29 | €2,500 | €2,500 | = | 0.0% |
| Other amounts receivable | 291 | €2,500 | €2,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €53,592 | €53,592 | = | 0.0% |
| Stocks | 30/36 | €53,592 | €53,592 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,225 | €84,995 | +€32,769 | +62.7% |
| Other amounts receivable | 41 | €52,225 | €84,995 | +€32,769 | +62.7% |
| Cash at bank and in hand | 54/58 | €113,063 | €56,567 | -€56,496 | -50.0% |
| Deferred charges and accrued income | 490/1 | €231 | €503 | +€271 | +117.5% |
| Total equity and liabilities | 10/49 | €250,132 | €220,115 | -€30,018 | -12.0% |
| Equity | 10/15 | €216,362 | €216,579 | +€217 | +0.1% |
| Contributions | 10/11 | €12,400 | €12,766 | +€366 | +3.0% |
| Capital | 10 | €12,400 | €12,766 | +€366 | +3.0% |
| Issued capital | 100 | €18,600 | €18,966 | +€366 | +2.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,850 | €157,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €155,990 | €155,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,112 | €45,963 | -€149 | -0.3% |
| Amounts payable | 17/49 | €33,770 | €3,535 | -€30,235 | -89.5% |
| Amounts payable within one year | 42/48 | €33,770 | €3,535 | -€30,235 | -89.5% |
| Trade debts | 44 | €1,873 | €2,267 | +€394 | +21.0% |
| Suppliers | 440/4 | €1,873 | €2,267 | +€394 | +21.0% |
| Taxes, remuneration and social security | 45 | €31,897 | €1,268 | -€30,629 | -96.0% |
| Taxes | 450/3 | €31,897 | €1,268 | -€30,629 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,417 | €6,562 | +€146 | +2.3% |
| Other operating charges | 640/8 | €5,360 | €165 | -€5,195 | -96.9% |
| Gross operating margin | 9900 | €90,430 | €3,588 | -€86,842 | -96.0% |
| Operating profit (loss) | 9901 | €78,653 | -€3,139 | -€81,792 | |
| Financial income | 75/76B | €248 | €3,061 | +€2,813 | +1135.0% |
| Recurring financial income | 75 | €248 | €3,061 | +€2,813 | +1135.0% |
| Financial charges | 65/66B | €25 | €33 | +€8 | +32.4% |
| Recurring financial charges | 65 | €25 | €33 | +€8 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €78,876 | -€111 | -€78,987 | |
| Income taxes | 67/77 | €25,642 | €38 | -€25,605 | -99.9% |
| Profit (loss) for the period | 9904 | €53,234 | -€149 | -€53,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,234 | -€149 | -€53,383 |
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 2 October 2026 via checked.be.