ARPAmen: 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.
ARPAmen
Largest movements
- Cash -€17,733
down €17,733 (-9.0%), from €197,763 to €180,030
mainly Contributions, distributions and other (-€63,558) and Investment in fixed assets (net) (-€12,035)
- Receivables within one year -€9,311
down €9,311 (-33.3%), from €27,945 to €18,634
- Tangible fixed assets +€5,491
up €5,491 (+71.7%), from €7,664 to €13,155
- Reserves -€67,958
down €67,958 (-39.6%), from €171,447 to €103,489
- Other debts +€54,730
up €54,730 (+620.0%), from €8,828 to €63,558
- Tax, wage and social debts -€6,645
down €6,645 (-37.6%), from €17,691 to €11,045
- Gross operating margin -€52,997
down €52,997 (-90.7%), from €58,444 to €5,448
- Taxes -€10,556
down €10,556 (-84.0%), from €12,564 to €2,008
- Financial charges -€906
down €906 (-73.6%), from €1,230 to €325
- Depreciation +€793
up €793 (+13.8%), from €5,751 to €6,543
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 | €235,050 | €213,526 | -€21,524 | -9.2% |
| Fixed assets | 21/28 | €7,664 | €13,155 | +€5,491 | +71.7% |
| Tangible fixed assets | 22/27 | €7,664 | €13,155 | +€5,491 | +71.7% |
| Furniture and vehicles | 24 | €7,664 | €13,155 | +€5,491 | +71.7% |
| Current assets | 29/58 | €227,386 | €200,371 | -€27,016 | -11.9% |
| Amounts receivable within one year | 40/41 | €27,945 | €18,634 | -€9,311 | -33.3% |
| Trade receivables | 40 | €27,945 | €18,634 | -€9,311 | -33.3% |
| Cash at bank and in hand | 54/58 | €197,763 | €180,030 | -€17,733 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,678 | €1,707 | +€28 | +1.7% |
| Total equity and liabilities | 10/49 | €235,050 | €213,526 | -€21,524 | -9.2% |
| Equity | 10/15 | €203,958 | €136,054 | -€67,904 | -33.3% |
| Contributions | 10/11 | €32,500 | €32,500 | = | 0.0% |
| Reserves | 13 | €171,447 | €103,489 | -€67,958 | -39.6% |
| Distributable reserves | 133 | €171,447 | €103,489 | -€67,958 | -39.6% |
| Profit (loss) carried forward | 14 | €11 | €66 | +€54 | +480.3% |
| Amounts payable | 17/49 | €31,092 | €77,471 | +€46,380 | +149.2% |
| Amounts payable after more than one year | 17 | €2,096 | €2,194 | +€98 | +4.7% |
| Other amounts payable | 178/9 | €2,096 | €2,194 | +€98 | +4.7% |
| Amounts payable within one year | 42/48 | €28,996 | €75,277 | +€46,282 | +159.6% |
| Trade debts | 44 | €2,477 | €674 | -€1,803 | -72.8% |
| Suppliers | 440/4 | €2,477 | €674 | -€1,803 | -72.8% |
| Taxes, remuneration and social security | 45 | €17,691 | €11,045 | -€6,645 | -37.6% |
| Taxes | 450/3 | €17,691 | €11,045 | -€6,645 | -37.6% |
| Other amounts payable | 47/48 | €8,828 | €63,558 | +€54,730 | +620.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,751 | €6,543 | +€793 | +13.8% |
| Other operating charges | 640/8 | €1,455 | €918 | -€537 | -36.9% |
| Gross operating margin | 9900 | €58,444 | €5,448 | -€52,997 | -90.7% |
| Operating profit (loss) | 9901 | €51,239 | -€2,013 | -€53,252 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,230 | €325 | -€906 | -73.6% |
| Recurring financial charges | 65 | €1,230 | €325 | -€906 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €50,019 | -€2,338 | -€52,357 | |
| Income taxes | 67/77 | €12,564 | €2,008 | -€10,556 | -84.0% |
| Profit (loss) for the period | 9904 | €37,455 | -€4,346 | -€41,801 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,455 | -€4,346 | -€41,801 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.