ARPAN: 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.
ARPAN
Largest movements
- Cash -€26,628
down €26,628 (-24.0%), from €110,939 to €84,311
mainly Net result for the year (-€33,368) and Current investments (-€15,896)
- Tangible fixed assets -€17,937
down €17,937 (-27.0%), from €66,446 to €48,509
of which Furniture and vehicles: -€17,478
- Current investments +€15,896
up €15,896 (+15.2%), from €104,595 to €120,491
- Receivables within one year -€9,552
down €9,552 (-74.4%), from €12,840 to €3,288
of which Other amounts receivable: -€7,522
- Profit (loss) carried forward -€23,702
new in 2025: -€23,702
- Reserves -€9,666
down €9,666 (-3.7%), from €264,563 to €254,898
- Gross operating margin +€948
up €948 (+5.8%), from -€16,473 to -€15,525
- Financial income -€829
down €829 (-36.3%), from €2,286 to €1,457
- Financial charges -€405
down €405 (-85.7%), from €473 to €68
- Other operating charges -€233
down €233 (-19.7%), from €1,186 to €952
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 | €296,591 | €260,137 | -€36,454 | -12.3% |
| Fixed assets | 21/28 | €66,451 | €48,509 | -€17,942 | -27.0% |
| Tangible fixed assets | 22/27 | €66,446 | €48,509 | -€17,937 | -27.0% |
| Land and buildings | 22 | €3,674 | €3,505 | -€170 | -4.6% |
| Plant, machinery and equipment | 23 | €289 | €0 | -€289 | -100.0% |
| Furniture and vehicles | 24 | €62,483 | €45,005 | -€17,478 | -28.0% |
| Financial fixed assets | 28 | €5 | €0 | -€5 | -100.0% |
| Current assets | 29/58 | €230,141 | €211,628 | -€18,512 | -8.0% |
| Amounts receivable within one year | 40/41 | €12,840 | €3,288 | -€9,552 | -74.4% |
| Trade receivables | 40 | €2,029 | €0 | -€2,029 | -100.0% |
| Other amounts receivable | 41 | €10,810 | €3,288 | -€7,522 | -69.6% |
| Current investments | 50/53 | €104,595 | €120,491 | +€15,896 | +15.2% |
| Cash at bank and in hand | 54/58 | €110,939 | €84,311 | -€26,628 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,767 | €3,538 | +€1,771 | +100.2% |
| Total equity and liabilities | 10/49 | €296,591 | €260,137 | -€36,454 | -12.3% |
| Equity | 10/15 | €284,563 | €251,195 | -€33,368 | -11.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €264,563 | €254,898 | -€9,666 | -3.7% |
| Distributable reserves | 133 | €264,563 | €254,898 | -€9,666 | -3.7% |
| Profit (loss) carried forward | 14 | - | -€23,702 | -€23,702 | |
| Amounts payable | 17/49 | €12,028 | €8,942 | -€3,086 | -25.7% |
| Amounts payable within one year | 42/48 | €11,194 | €8,409 | -€2,785 | -24.9% |
| Trade debts | 44 | €5,178 | €2,766 | -€2,412 | -46.6% |
| Suppliers | 440/4 | €5,178 | €2,766 | -€2,412 | -46.6% |
| Taxes, remuneration and social security | 45 | €0 | €25 | +€25 | |
| Taxes | 450/3 | €0 | €25 | +€25 | |
| Other amounts payable | 47/48 | €6,016 | €5,618 | -€398 | -6.6% |
| Accrued charges and deferred income | 492/3 | €834 | €533 | -€301 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,047 | €17,937 | -€111 | -0.6% |
| Other operating charges | 640/8 | €1,186 | €952 | -€233 | -19.7% |
| Gross operating margin | 9900 | -€16,473 | -€15,525 | +€948 | +5.8% |
| Operating profit (loss) | 9901 | -€35,706 | -€34,414 | +€1,292 | +3.6% |
| Financial income | 75/76B | €2,286 | €1,457 | -€829 | -36.3% |
| Recurring financial income | 75 | €2,286 | €1,457 | -€829 | -36.3% |
| Financial charges | 65/66B | €473 | €68 | -€405 | -85.7% |
| Recurring financial charges | 65 | €473 | €68 | -€405 | -85.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,892 | -€33,024 | +€868 | +2.6% |
| Income taxes | 67/77 | €294 | €344 | +€50 | +17.1% |
| Profit (loss) for the period | 9904 | -€34,186 | -€33,368 | +€818 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,186 | -€33,368 | +€818 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.