ARPEGIUS: 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.
ARPEGIUS
Largest movements
- Receivables within one year -€254
down €254 (-3.2%), from €7,829 to €7,575
- Profit (loss) carried forward -€683
down €683 (-11.5%), from -€5,915 to -€6,598
- Trade debts +€400
up €400 (+103.4%), from €387 to €787
- Gross operating margin +€463
up €463 (+65.9%), from -€703 to -€240
- Financial charges -€105
down €105 (-70.9%), from €148 to €43
- Other operating charges +€13
up €13 (+3.4%), from €387 to €400
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 | €7,859 | €7,576 | -€283 | -3.6% |
| Current assets | 29/58 | €7,859 | €7,576 | -€283 | -3.6% |
| Amounts receivable within one year | 40/41 | €7,829 | €7,575 | -€254 | -3.2% |
| Other amounts receivable | 41 | €7,829 | €7,575 | -€254 | -3.2% |
| Cash at bank and in hand | 54/58 | €30 | €1 | -€29 | -96.7% |
| Total equity and liabilities | 10/49 | €7,859 | €7,576 | -€283 | -3.6% |
| Equity | 10/15 | €7,472 | €6,789 | -€683 | -9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €987 | €987 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49 | €49 | = | 0.0% |
| Reserves not available under the articles | 1311 | €49 | €49 | = | 0.0% |
| Distributable reserves | 133 | €938 | €938 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,915 | -€6,598 | -€683 | -11.5% |
| Amounts payable | 17/49 | €387 | €787 | +€400 | +103.4% |
| Amounts payable within one year | 42/48 | €387 | €787 | +€400 | +103.4% |
| Trade debts | 44 | €387 | €787 | +€400 | +103.4% |
| Suppliers | 440/4 | €387 | €787 | +€400 | +103.4% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€703 | -€240 | +€463 | +65.9% |
| Operating profit (loss) | 9901 | -€1,090 | -€640 | +€450 | +41.3% |
| Financial charges | 65/66B | €148 | €43 | -€105 | -70.9% |
| Recurring financial charges | 65 | €148 | €43 | -€105 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,238 | -€683 | +€555 | +44.8% |
| Profit (loss) for the period | 9904 | -€1,238 | -€683 | +€555 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,238 | -€683 | +€555 | +44.8% |
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 3 October 2026 via checked.be.