ARPA: 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.
ARPA
Largest movements
- Tangible fixed assets -€14,093
down €14,093 (-10.1%), from €139,090 to €124,997
- Debts after one year -€42,054
down €42,054 (-48.9%), from €85,952 to €43,898
- Other debts +€25,750
up €25,750 (+23.1%), from €111,645 to €137,395
- Current portion of long-term debt +€8,893
new in 2025: €8,893
- Profit (loss) carried forward -€7,678
down €7,678 (-10.2%), from -€74,953 to -€82,631
- Gross operating margin -€6,207
down €6,207 (-24.2%), from €25,683 to €19,477
- Depreciation -€3,855
down €3,855 (-21.5%), from €17,948 to €14,093
- Financial charges -€775
down €775 (-20.5%), from €3,785 to €3,010
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 | €141,244 | €126,155 | -€15,089 | -10.7% |
| Fixed assets | 21/28 | €139,090 | €124,997 | -€14,093 | -10.1% |
| Tangible fixed assets | 22/27 | €139,090 | €124,997 | -€14,093 | -10.1% |
| Land and buildings | 22 | €139,090 | €124,997 | -€14,093 | -10.1% |
| Current assets | 29/58 | €2,154 | €1,157 | -€997 | -46.3% |
| Cash at bank and in hand | 54/58 | €2,154 | €1,157 | -€997 | -46.3% |
| Total equity and liabilities | 10/49 | €141,244 | €126,155 | -€15,089 | -10.7% |
| Equity | 10/15 | -€56,353 | -€64,031 | -€7,678 | -13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,953 | -€82,631 | -€7,678 | -10.2% |
| Amounts payable | 17/49 | €197,597 | €190,185 | -€7,411 | -3.8% |
| Amounts payable after more than one year | 17 | €85,952 | €43,898 | -€42,054 | -48.9% |
| Financial debts | 170/4 | €85,952 | €43,898 | -€42,054 | -48.9% |
| Amounts payable within one year | 42/48 | €111,645 | €146,287 | +€34,643 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,893 | +€8,893 | |
| Other amounts payable | 47/48 | €111,645 | €137,395 | +€25,750 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,948 | €14,093 | -€3,855 | -21.5% |
| Other operating charges | 640/8 | €9,839 | €10,052 | +€213 | +2.2% |
| Gross operating margin | 9900 | €25,683 | €19,477 | -€6,207 | -24.2% |
| Operating profit (loss) | 9901 | -€2,104 | -€4,668 | -€2,564 | -121.9% |
| Financial charges | 65/66B | €3,785 | €3,010 | -€775 | -20.5% |
| Recurring financial charges | 65 | €3,785 | €3,010 | -€775 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,889 | -€7,678 | -€1,789 | -30.4% |
| Profit (loss) for the period | 9904 | -€5,889 | -€7,678 | -€1,789 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,889 | -€7,678 | -€1,789 | -30.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.