ARPASIX: 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.
ARPASIX
Largest movements
- Tangible fixed assets +€700,532
up €700,532 (+1,642%), from €42,662 to €743,194
of which Land and buildings: +€702,155
- Debts after one year +€663,603
up €663,603 (+2,278%), from €29,134 to €692,737
- Other debts +€246,975
up €246,975 (+801,608%), from €31 to €247,006
- Profit (loss) carried forward -€214,662
down €214,662, from €6,240 to -€208,422
- Tax, wage and social debts -€13,402
no longer reported in 2025 (was €13,402)
- Current portion of long-term debt +€12,063
up €12,063 (+129%), from €9,334 to €21,397
- Depreciation +€139,395
up €139,395 (+1,299%), from €10,734 to €150,128
- Gross operating margin -€77,774
down €77,774, from €34,866 to -€42,908
- Financial charges +€16,855
up €16,855 (+652%), from €2,585 to €19,440
- Other operating charges -€5,430
down €5,430 (-70.6%), from €7,694 to €2,264
- Taxes -€2,446
down €2,446, from €2,388 to -€58
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.
Derived cash bridge
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 | €68,121 | €760,663 | +€692,541 | +1,017% |
| Fixed assets | 21/28 | €42,662 | €743,194 | +€700,532 | +1,642% |
| Tangible fixed assets | 22/27 | €42,662 | €743,194 | +€700,532 | +1,642% |
| Land and buildings | 22 | - | €702,155 | +€702,155 | |
| Plant, machinery and equipment | 23 | €5,379 | €3,378 | -€2,002 | -37.2% |
| Furniture and vehicles | 24 | €37,283 | €37,662 | +€379 | +1.0% |
| Current assets | 29/58 | €25,459 | €17,468 | -€7,991 | -31.4% |
| Amounts receivable within one year | 40/41 | €12,967 | €9,781 | -€3,186 | -24.6% |
| Trade receivables | 40 | €12,744 | €8,843 | -€3,901 | -30.6% |
| Other amounts receivable | 41 | €223 | €938 | +€715 | +321% |
| Cash at bank and in hand | 54/58 | €12,492 | €7,687 | -€4,805 | -38.5% |
| Total equity and liabilities | 10/49 | €68,121 | €760,663 | +€692,541 | +1,017% |
| Equity | 10/15 | €8,240 | -€206,422 | -€214,662 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,240 | -€208,422 | -€214,662 | |
| Amounts payable | 17/49 | €59,881 | €967,084 | +€907,203 | +1,515% |
| Amounts payable after more than one year | 17 | €29,134 | €692,737 | +€663,603 | +2,278% |
| Financial debts | 170/4 | €29,134 | €692,737 | +€663,603 | +2,278% |
| Amounts payable within one year | 42/48 | €30,747 | €274,347 | +€243,600 | +792% |
| Current portion of amounts payable after more than one year | 42 | €9,334 | €21,397 | +€12,063 | +129% |
| Trade debts | 44 | €7,980 | €5,944 | -€2,036 | -25.5% |
| Suppliers | 440/4 | €7,980 | €5,944 | -€2,036 | -25.5% |
| Taxes, remuneration and social security | 45 | €13,402 | - | -€13,402 | |
| Taxes | 450/3 | €13,402 | - | -€13,402 | |
| Other amounts payable | 47/48 | €31 | €247,006 | +€246,975 | +801,608% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,734 | €150,128 | +€139,395 | +1,299% |
| Other operating charges | 640/8 | €7,694 | €2,264 | -€5,430 | -70.6% |
| Gross operating margin | 9900 | €34,866 | -€42,908 | -€77,774 | |
| Operating profit (loss) | 9901 | €16,438 | -€195,301 | -€211,739 | |
| Financial income | 75/76B | €1 | €20 | +€20 | +3,900% |
| Recurring financial income | 75 | €1 | €20 | +€20 | +3,900% |
| Financial charges | 65/66B | €2,585 | €19,440 | +€16,855 | +652% |
| Recurring financial charges | 65 | €2,585 | €19,440 | +€16,855 | +652% |
| Profit (loss) for the period before taxes | 9903 | €13,854 | -€214,720 | -€228,574 | |
| Income taxes | 67/77 | €2,388 | -€58 | -€2,446 | |
| Profit (loss) for the period | 9904 | €11,466 | -€214,662 | -€226,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,466 | -€214,662 | -€226,128 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.