ARPINE: 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.
ARPINE
Largest movements
- Tangible fixed assets +€51,525
up €51,525 (+322.6%), from €15,972 to €67,497
of which Furniture and vehicles: +€56,502
- Receivables within one year -€4,093
down €4,093 (-18.8%), from €21,760 to €17,667
of which Trade receivables: -€2,646
- Cash -€2,596
down €2,596 (-5.5%), from €47,519 to €44,923
mainly Contributions, distributions and other (-€65,000) and Investment in fixed assets (net) (-€60,849)
- Debts after one year +€55,897
up €55,897 (+227.2%), from €24,600 to €80,497
- Tax, wage and social debts +€16,455
up €16,455 (+173.0%), from €9,513 to €25,968
of which Taxes: +€18,838
- Other debts -€15,114
down €15,114 (-88.1%), from €17,154 to €2,040
- Current portion of long-term debt -€9,583
no longer reported in 2025 (was €9,583)
- Trade debts -€8,807
down €8,807 (-72.3%), from €12,183 to €3,376
- Gross operating margin +€48,302
up €48,302 (+51.1%), from €94,508 to €142,810
- Turnover +€28,766
up €28,766 (+12.8%), from €225,237 to €254,003
- Taxes +€18,821
up €18,821 (+280.9%), from €6,700 to €25,521
- Staff costs -€15,698
down €15,698 (-32.8%), from €47,808 to €32,110
- Purchases and services -€14,887
down €14,887 (-11.1%), from €134,605 to €119,718
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 | €89,173 | €134,740 | +€45,567 | +51.1% |
| Fixed assets | 21/28 | €15,972 | €67,497 | +€51,525 | +322.6% |
| Tangible fixed assets | 22/27 | €15,972 | €67,497 | +€51,525 | +322.6% |
| Plant, machinery and equipment | 23 | €15,482 | €10,505 | -€4,977 | -32.1% |
| Furniture and vehicles | 24 | €490 | €56,992 | +€56,502 | +11531.6% |
| Current assets | 29/58 | €73,201 | €67,243 | -€5,958 | -8.1% |
| Stocks and contracts in progress | 3 | €3,150 | €3,500 | +€351 | +11.1% |
| Stocks | 30/36 | €3,150 | €3,500 | +€351 | +11.1% |
| Amounts receivable within one year | 40/41 | €21,760 | €17,667 | -€4,093 | -18.8% |
| Trade receivables | 40 | €20,169 | €17,523 | -€2,646 | -13.1% |
| Other amounts receivable | 41 | €1,591 | €144 | -€1,447 | -90.9% |
| Cash at bank and in hand | 54/58 | €47,519 | €44,923 | -€2,596 | -5.5% |
| Deferred charges and accrued income | 490/1 | €772 | €1,153 | +€381 | +49.3% |
| Total equity and liabilities | 10/49 | €89,173 | €134,740 | +€45,567 | +51.1% |
| Equity | 10/15 | €16,141 | €22,859 | +€6,718 | +41.6% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,441 | €21,159 | +€6,718 | +46.5% |
| Amounts payable | 17/49 | €73,033 | €111,882 | +€38,849 | +53.2% |
| Amounts payable after more than one year | 17 | €24,600 | €80,497 | +€55,897 | +227.2% |
| Financial debts | 170/4 | €24,600 | €80,497 | +€55,897 | +227.2% |
| Amounts payable within one year | 42/48 | €48,433 | €31,384 | -€17,049 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €9,583 | - | -€9,583 | |
| Trade debts | 44 | €12,183 | €3,376 | -€8,807 | -72.3% |
| Suppliers | 440/4 | €12,183 | €3,376 | -€8,807 | -72.3% |
| Taxes, remuneration and social security | 45 | €9,513 | €25,968 | +€16,455 | +173.0% |
| Taxes | 450/3 | €6,640 | €25,478 | +€18,838 | +283.7% |
| Remuneration and social security | 454/9 | €2,874 | €491 | -€2,383 | -82.9% |
| Other amounts payable | 47/48 | €17,154 | €2,040 | -€15,114 | -88.1% |
| Turnover | 70 | €225,237 | €254,003 | +€28,766 | +12.8% |
| Non-recurring operating income | 76A | €3,877 | €4,873 | +€996 | +25.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €134,605 | €119,718 | -€14,887 | -11.1% |
| Remuneration, social security and pensions | 62 | €47,808 | €32,110 | -€15,698 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,537 | €9,323 | -€1,214 | -11.5% |
| Other operating charges | 640/8 | €200 | €325 | +€125 | +62.3% |
| Gross operating margin | 9900 | €94,508 | €142,810 | +€48,302 | +51.1% |
| Operating profit (loss) | 9901 | €35,963 | €101,052 | +€65,089 | +181.0% |
| Financial charges | 65/66B | €2,656 | €3,813 | +€1,156 | +43.5% |
| Recurring financial charges | 65 | €2,656 | €3,813 | +€1,156 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €33,307 | €97,239 | +€63,932 | +191.9% |
| Income taxes | 67/77 | €6,700 | €25,521 | +€18,821 | +280.9% |
| Profit (loss) for the period | 9904 | €26,607 | €71,718 | +€45,111 | +169.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,607 | €71,718 | +€45,111 | +169.5% |
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 10 October 2026 via checked.be.