Arpa Construct: 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 Construct
Largest movements
- Cash -€422,227
down €422,227 (-62.7%), from €673,795 to €251,568
mainly Stocks and contracts (-€372,137) and Investment in fixed assets (net) (-€91,641)
- Stocks and contracts +€372,137
new in 2025: €372,137
- Receivables within one year +€84,002
up €84,002 (+53.6%), from €156,776 to €240,777
of which Trade receivables: +€118,805
- Tangible fixed assets +€29,419
up €29,419 (+9.0%), from €327,864 to €357,284
of which Furniture and vehicles: +€46,027
- Reserves +€71,244
up €71,244 (+11.6%), from €615,074 to €686,319
- Short-term financial debts -€49,969
down €49,969 (-99.9%), from €50,020 to €51
of which Credit institutions: -€49,949
- Other debts +€23,938
up €23,938 (+15.9%), from €150,558 to €174,496
- Trade debts +€16,147
up €16,147 (+15.3%), from €105,517 to €121,665
- Turnover -€857,316
no longer reported in 2025 (was €857,316)
- Purchases and services -€639,050
no longer reported in 2025 (was €639,050)
- Financial income -€87,485
down €87,485 (-85.3%), from €102,578 to €15,093
- Depreciation +€29,088
up €29,088 (+87.8%), from €33,134 to €62,222
- Taxes -€27,940
down €27,940 (-40.2%), from €69,465 to €41,525
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 | €1,166,571 | €1,231,418 | +€64,847 | +5.6% |
| Fixed assets | 21/28 | €327,864 | €357,284 | +€29,419 | +9.0% |
| Tangible fixed assets | 22/27 | €327,864 | €357,284 | +€29,419 | +9.0% |
| Land and buildings | 22 | €192,043 | €178,075 | -€13,968 | -7.3% |
| Plant, machinery and equipment | 23 | €35,385 | €32,745 | -€2,640 | -7.5% |
| Furniture and vehicles | 24 | €100,436 | €146,463 | +€46,027 | +45.8% |
| Current assets | 29/58 | €838,706 | €874,134 | +€35,428 | +4.2% |
| Stocks and contracts in progress | 3 | - | €372,137 | +€372,137 | |
| Stocks | 30/36 | - | €372,137 | +€372,137 | |
| Amounts receivable within one year | 40/41 | €156,776 | €240,777 | +€84,002 | +53.6% |
| Trade receivables | 40 | €98,367 | €217,172 | +€118,805 | +120.8% |
| Other amounts receivable | 41 | €58,408 | €23,605 | -€34,803 | -59.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €673,795 | €251,568 | -€422,227 | -62.7% |
| Deferred charges and accrued income | 490/1 | €8,136 | €9,652 | +€1,516 | +18.6% |
| Total equity and liabilities | 10/49 | €1,166,571 | €1,231,418 | +€64,847 | +5.6% |
| Equity | 10/15 | €696,431 | €767,675 | +€71,244 | +10.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €615,074 | €686,319 | +€71,244 | +11.6% |
| Distributable reserves | 133 | €615,074 | €686,319 | +€71,244 | +11.6% |
| Profit (loss) carried forward | 14 | €31,357 | €31,357 | = | 0.0% |
| Amounts payable | 17/49 | €470,139 | €463,742 | -€6,397 | -1.4% |
| Amounts payable after more than one year | 17 | €105,851 | €109,991 | +€4,139 | +3.9% |
| Financial debts | 170/4 | €105,851 | €109,991 | +€4,139 | +3.9% |
| Amounts payable within one year | 42/48 | €364,288 | €353,752 | -€10,536 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €30,629 | €40,930 | +€10,301 | +33.6% |
| Financial debts | 43 | €50,020 | €51 | -€49,969 | -99.9% |
| Credit institutions | 430/8 | €50,000 | €51 | -€49,949 | -99.9% |
| Other loans | 439 | €20 | €0 | -€20 | -100.0% |
| Trade debts | 44 | €105,517 | €121,665 | +€16,147 | +15.3% |
| Suppliers | 440/4 | €105,517 | €121,665 | +€16,147 | +15.3% |
| Taxes, remuneration and social security | 45 | €27,564 | €16,611 | -€10,953 | -39.7% |
| Taxes | 450/3 | €27,564 | €16,611 | -€10,953 | -39.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €150,558 | €174,496 | +€23,938 | +15.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €857,316 | - | -€857,316 | |
| Non-recurring operating income | 76A | €0 | €17,462 | +€17,462 | |
| Goods, raw materials, services and sundry goods | 60/61 | €639,050 | - | -€639,050 | |
| Remuneration, social security and pensions | 62 | - | €585 | +€585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,134 | €62,222 | +€29,088 | +87.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €300 | +€300 | |
| Other operating charges | 640/8 | €6,620 | €7,387 | +€767 | +11.6% |
| Non-recurring operating charges | 66A | €57 | €0 | -€57 | -100.0% |
| Gross operating margin | 9900 | €226,299 | €223,474 | -€2,824 | -1.2% |
| Operating profit (loss) | 9901 | €186,487 | €152,981 | -€33,506 | -18.0% |
| Financial income | 75/76B | €102,578 | €15,093 | -€87,485 | -85.3% |
| Recurring financial income | 75 | €102,578 | €15,093 | -€87,485 | -85.3% |
| Financial charges | 65/66B | €7,877 | €14,444 | +€6,567 | +83.4% |
| Recurring financial charges | 65 | €7,877 | €14,444 | +€6,567 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | €281,188 | €153,631 | -€127,558 | -45.4% |
| Income taxes | 67/77 | €69,465 | €41,525 | -€27,940 | -40.2% |
| Profit (loss) for the period | 9904 | €211,724 | €112,105 | -€99,618 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €211,724 | €112,105 | -€99,618 | -47.1% |
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 7 October 2026 via checked.be.