ARPIL: 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.
ARPIL
Largest movements
- Cash +€50,121
up €50,121 (+84.4%), from €59,405 to €109,526
mainly Net result for the year (+€112,717) and Receivables within one year (+€19,991)
- Receivables within one year -€19,991
down €19,991 (-94.4%), from €21,170 to €1,179
- Tangible fixed assets -€2,642
down €2,642 (-27.6%), from €9,575 to €6,933
of which Furniture and vehicles: -€1,415
- Deferred charges and accrued income +€1,635
up €1,635 (+4.8%), from €34,038 to €35,673
- Reserves +€32,717
up €32,717 (+9527.8%), from €343 to €33,061
- Current portion of long-term debt -€10,062
down €10,062 (-100.0%), from €10,062 to €0
- Tax, wage and social debts +€6,774
up €6,774 (+54.0%), from €12,554 to €19,329
of which Taxes: +€12,000
- Gross operating margin +€61,263
up €61,263 (+34.3%), from €178,430 to €239,693
- Taxes +€14,991
up €14,991 (+79.6%), from €18,830 to €33,821
- Staff costs +€3,384
up €3,384 (+4.1%), from €83,168 to €86,552
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 | €124,187 | €153,311 | +€29,123 | +23.5% |
| Fixed assets | 21/28 | €9,575 | €6,933 | -€2,642 | -27.6% |
| Tangible fixed assets | 22/27 | €9,575 | €6,933 | -€2,642 | -27.6% |
| Furniture and vehicles | 24 | €1,449 | €33 | -€1,415 | -97.7% |
| Other tangible fixed assets | 26 | €8,126 | €6,900 | -€1,226 | -15.1% |
| Current assets | 29/58 | €114,612 | €146,377 | +€31,765 | +27.7% |
| Amounts receivable within one year | 40/41 | €21,170 | €1,179 | -€19,991 | -94.4% |
| Other amounts receivable | 41 | €21,170 | €1,179 | -€19,991 | -94.4% |
| Cash at bank and in hand | 54/58 | €59,405 | €109,526 | +€50,121 | +84.4% |
| Deferred charges and accrued income | 490/1 | €34,038 | €35,673 | +€1,635 | +4.8% |
| Total equity and liabilities | 10/49 | €124,187 | €153,311 | +€29,123 | +23.5% |
| Equity | 10/15 | €18,943 | €51,661 | +€32,717 | +172.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €343 | €33,061 | +€32,717 | +9527.8% |
| Distributable reserves | 133 | €343 | €33,061 | +€32,717 | +9527.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €105,244 | €101,650 | -€3,594 | -3.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €103,523 | €99,950 | -€3,573 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €10,062 | €0 | -€10,062 | -100.0% |
| Trade debts | 44 | €13,507 | €12,586 | -€921 | -6.8% |
| Suppliers | 440/4 | €13,507 | €12,586 | -€921 | -6.8% |
| Taxes, remuneration and social security | 45 | €12,554 | €19,329 | +€6,774 | +54.0% |
| Taxes | 450/3 | €0 | €12,000 | +€12,000 | |
| Remuneration and social security | 454/9 | €12,554 | €7,329 | -€5,226 | -41.6% |
| Other amounts payable | 47/48 | €67,400 | €68,035 | +€635 | +0.9% |
| Accrued charges and deferred income | 492/3 | €1,721 | €1,700 | -€21 | -1.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €83,168 | €86,552 | +€3,384 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,532 | €2,642 | -€1,890 | -41.7% |
| Other operating charges | 640/8 | €725 | €752 | +€26 | +3.6% |
| Non-recurring operating charges | 66A | €630 | €1,231 | +€601 | +95.3% |
| Gross operating margin | 9900 | €178,430 | €239,693 | +€61,263 | +34.3% |
| Operating profit (loss) | 9901 | €89,375 | €148,516 | +€59,142 | +66.2% |
| Financial income | 75/76B | €13 | €120 | +€107 | +823.1% |
| Recurring financial income | 75 | €13 | €120 | +€107 | +823.1% |
| Financial charges | 65/66B | €3,068 | €2,097 | -€971 | -31.6% |
| Recurring financial charges | 65 | €3,068 | €2,097 | -€971 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €86,320 | €146,539 | +€60,219 | +69.8% |
| Income taxes | 67/77 | €18,830 | €33,821 | +€14,991 | +79.6% |
| Profit (loss) for the period | 9904 | €67,489 | €112,717 | +€45,228 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,489 | €112,717 | +€45,228 | +67.0% |
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.