ARPEMINI: 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.
ARPEMINI
Largest movements
- Receivables within one year -€13,773
down €13,773 (-73.7%), from €18,701 to €4,927
of which Trade receivables: -€6,962
- Deferred charges and accrued income +€1,573
new in 2025: €1,573
- Tangible fixed assets -€1,243
down €1,243 (-27.1%), from €4,583 to €3,340
of which Plant, machinery and equipment: -€959
- Cash -€573
down €573 (-95.6%), from €600 to €27
mainly Contributions, distributions and other (-€17,052) and Tax, wage and social debts (-€3,022)
- Profit (loss) carried forward -€10,994
down €10,994 (-64.5%), from €17,052 to €6,059
- Tax, wage and social debts -€3,022
down €3,022 (-51.8%), from €5,831 to €2,809
- Gross operating margin -€5,705
down €5,705 (-38.0%), from €15,003 to €9,297
- Taxes -€1,223
down €1,223 (-43.8%), from €2,794 to €1,571
- Depreciation +€364
up €364 (+41.5%), from €878 to €1,243
- Financial income -€183
down €183 (-30.9%), from €592 to €409
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 | €23,883 | €9,867 | -€14,016 | -58.7% |
| Fixed assets | 21/28 | €4,583 | €3,340 | -€1,243 | -27.1% |
| Tangible fixed assets | 22/27 | €4,583 | €3,340 | -€1,243 | -27.1% |
| Plant, machinery and equipment | 23 | €4,201 | €3,242 | -€959 | -22.8% |
| Furniture and vehicles | 24 | €382 | €98 | -€283 | -74.2% |
| Current assets | 29/58 | €19,300 | €6,527 | -€12,773 | -66.2% |
| Amounts receivable within one year | 40/41 | €18,701 | €4,927 | -€13,773 | -73.7% |
| Trade receivables | 40 | €7,748 | €787 | -€6,962 | -89.8% |
| Other amounts receivable | 41 | €10,952 | €4,141 | -€6,812 | -62.2% |
| Cash at bank and in hand | 54/58 | €600 | €27 | -€573 | -95.6% |
| Deferred charges and accrued income | 490/1 | - | €1,573 | +€1,573 | |
| Total equity and liabilities | 10/49 | €23,883 | €9,867 | -€14,016 | -58.7% |
| Equity | 10/15 | €18,052 | €7,059 | -€10,994 | -60.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,052 | €6,059 | -€10,994 | -64.5% |
| Amounts payable | 17/49 | €5,831 | €2,809 | -€3,022 | -51.8% |
| Amounts payable within one year | 42/48 | €5,831 | €2,809 | -€3,022 | -51.8% |
| Taxes, remuneration and social security | 45 | €5,831 | €2,809 | -€3,022 | -51.8% |
| Taxes | 450/3 | €5,831 | €2,809 | -€3,022 | -51.8% |
| Non-recurring operating income | 76A | €5 | - | -€5 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €878 | €1,243 | +€364 | +41.5% |
| Other operating charges | 640/8 | €569 | €694 | +€125 | +22.0% |
| Gross operating margin | 9900 | €15,003 | €9,297 | -€5,705 | -38.0% |
| Operating profit (loss) | 9901 | €13,555 | €7,360 | -€6,195 | -45.7% |
| Financial income | 75/76B | €592 | €409 | -€183 | -30.9% |
| Recurring financial income | 75 | €592 | €409 | -€183 | -30.9% |
| Financial charges | 65/66B | €110 | €139 | +€29 | +26.7% |
| Recurring financial charges | 65 | €110 | €139 | +€29 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €14,037 | €7,630 | -€6,407 | -45.6% |
| Income taxes | 67/77 | €2,794 | €1,571 | -€1,223 | -43.8% |
| Profit (loss) for the period | 9904 | €11,243 | €6,059 | -€5,184 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,243 | €6,059 | -€5,184 | -46.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.