ARPEGE PRELUDE: what changed
What changed
ARPEGE PRELUDE
NACE 84.239, Public administration and defence; compulsory social security
filed annual accounts (NBB)
Net result for the year
€16,839
2024 · €78,005-€61,166
Equity
€251,914
2024 · €235,075+€16,839
Cash
€7,125
2024 · €8,647-€1,521
Balance sheet total
€684,938
2024 · €639,456+€45,482
Largest movements
Assets
- Receivables within one year +€283,297
up €283,297 (+117%), from €241,196 to €524,493
of which Other amounts receivable: +€283,941
- Current investments -€229,167
down €229,167 (-72.4%), from €316,659 to €87,492
- Tangible fixed assets -€7,877
down €7,877 (-12.8%), from €61,598 to €53,722
of which Other tangible fixed assets: -€6,118
Equity and liabilities
- Debts within one year +€29,991
up €29,991 (+7.5%), from €400,596 to €430,588
- Profit (loss) carried forward +€16,839
up €16,839 (+7.3%), from €230,587 to €247,426
Income statement
- Gross operating margin -€131,369
down €131,369 (-9.8%), from €1.3m to €1.2m
- Staff costs -€70,875
down €70,875 (-5.6%), from €1.3m to €1.2m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€78,005
Gross operating margin
-€131,369
Staff costs
+€70,875
Depreciation
+€1,441
Other operating charges
-€100
Other operating items
-€156
Financial income
-€2,836
Financial charges
+€153
Taxes
+€825
Result 2025
€16,839
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€229,659
Investment
+€228,138
Financing
€0
Cash 2024
€8,647
From operations (derived)
-€229,659
Net result for the year
+€16,839
Depreciation
+€9,845
Receivables within one year
-€283,297
Deferred charges and accrued income
-€1,690
Debts within one year
+€29,991
Accrued charges and deferred income
-€1,348
Investment (derived)
+€228,138
Investment in fixed assets (net)
-€1,029
Current investments
+€229,167
Cash 2025
€7,125
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €639,456 | €684,938 | +€45,482 | +7.1% |
| Fixed assets | 21/28 | €70,003 | €61,187 | -€8,817 | -12.6% |
| Intangible fixed assets | 21 | €1,880 | €940 | -€940 | -50.0% |
| Tangible fixed assets | 22/27 | €61,598 | €53,722 | -€7,877 | -12.8% |
| Furniture and vehicles | 24 | €5,103 | €3,344 | -€1,758 | -34.5% |
| Other tangible fixed assets | 26 | €56,496 | €50,377 | -€6,118 | -10.8% |
| Financial fixed assets | 28 | €6,525 | €6,525 | = | 0.0% |
| Current assets | 29/58 | €569,452 | €623,751 | +€54,299 | +9.5% |
| Amounts receivable within one year | 40/41 | €241,196 | €524,493 | +€283,297 | +117% |
| Trade receivables | 40 | €10,403 | €9,759 | -€644 | -6.2% |
| Other amounts receivable | 41 | €230,794 | €514,734 | +€283,941 | +123% |
| Current investments | 50/53 | €316,659 | €87,492 | -€229,167 | -72.4% |
| Cash at bank and in hand | 54/58 | €8,647 | €7,125 | -€1,521 | -17.6% |
| Deferred charges and accrued income | 490/1 | €2,950 | €4,640 | +€1,690 | +57.3% |
| Total equity and liabilities | 10/49 | €639,456 | €684,938 | +€45,482 | +7.1% |
| Equity | 10/15 | €235,075 | €251,914 | +€16,839 | +7.2% |
| Contributions | 10/11 | €4,488 | €4,488 | = | 0.0% |
| Capital | 10 | €4,488 | €4,488 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,587 | €247,426 | +€16,839 | +7.3% |
| Amounts payable | 17/49 | €404,381 | €433,024 | +€28,643 | +7.1% |
| Amounts payable within one year | 42/48 | €400,596 | €430,588 | +€29,991 | +7.5% |
| Trade debts | 44 | €25,588 | €36,911 | +€11,323 | +44.2% |
| Suppliers | 440/4 | €25,588 | €36,911 | +€11,323 | +44.2% |
| Taxes, remuneration and social security | 45 | €193,792 | €161,373 | -€32,419 | -16.7% |
| Taxes | 450/3 | €19,354 | €22,772 | +€3,419 | +17.7% |
| Remuneration and social security | 454/9 | €174,438 | €138,600 | -€35,838 | -20.5% |
| Accrued charges and deferred income | 492/3 | €3,784 | €2,436 | -€1,348 | -35.6% |
| Remuneration, social security and pensions | 62 | €1,261,326 | €1,190,451 | -€70,875 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,286 | €9,845 | -€1,441 | -12.8% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Non-recurring operating charges | 66A | -€156 | - | +€156 | |
| Gross operating margin | 9900 | €1,344,951 | €1,213,582 | -€131,369 | -9.8% |
| Operating profit (loss) | 9901 | €72,495 | €13,186 | -€59,309 | -81.8% |
| Financial income | 75/76B | €8,384 | €5,549 | -€2,836 | -33.8% |
| Recurring financial income | 75 | €8,384 | €5,549 | -€2,836 | -33.8% |
| Financial charges | 65/66B | €384 | €231 | -€153 | -39.9% |
| Recurring financial charges | 65 | €384 | €231 | -€153 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €80,495 | €18,504 | -€61,991 | -77.0% |
| Income taxes | 67/77 | €2,490 | €1,665 | -€825 | -33.1% |
| Profit (loss) for the period | 9904 | €78,005 | €16,839 | -€61,166 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,005 | €16,839 | -€61,166 | -78.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.