ARPLUS PROJECTS: 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.
ARPLUS PROJECTS
Largest movements
- Receivables within one year +€60,098
up €60,098 (+290.6%), from €20,683 to €80,781
of which Trade receivables: +€60,122
- Tangible fixed assets -€19,570
down €19,570 (-34.7%), from €56,447 to €36,876
- Stocks and contracts -€15,403
down €15,403 (-56.0%), from €27,527 to €12,124
- Cash +€7,791
up €7,791 (+481.1%), from €1,619 to €9,410
mainly Other debts (+€45,200) and Stocks and contracts (+€15,403)
- Other debts +€45,200
up €45,200 (+18.1%), from €249,109 to €294,310
- Profit (loss) carried forward -€13,742
down €13,742 (-8.4%), from -€163,145 to -€176,886
- Gross operating margin -€54,124
down €54,124 (-84.0%), from €64,415 to €10,291
- Staff costs -€42,373
down €42,373 (-100.0%), from €42,373 to €0
- Depreciation -€5,356
down €5,356 (-30.4%), from €17,639 to €12,283
- Other operating charges -€2,984
down €2,984 (-38.5%), from €7,753 to €4,769
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 | €107,939 | €140,719 | +€32,780 | +30.4% |
| Fixed assets | 21/28 | €56,447 | €36,876 | -€19,570 | -34.7% |
| Tangible fixed assets | 22/27 | €56,447 | €36,876 | -€19,570 | -34.7% |
| Furniture and vehicles | 24 | €56,447 | €36,876 | -€19,570 | -34.7% |
| Current assets | 29/58 | €51,493 | €103,843 | +€52,350 | +101.7% |
| Stocks and contracts in progress | 3 | €27,527 | €12,124 | -€15,403 | -56.0% |
| Contracts in progress | 37 | €27,527 | €12,124 | -€15,403 | -56.0% |
| Amounts receivable within one year | 40/41 | €20,683 | €80,781 | +€60,098 | +290.6% |
| Trade receivables | 40 | €16,635 | €76,757 | +€60,122 | +361.4% |
| Other amounts receivable | 41 | €4,048 | €4,024 | -€24 | -0.6% |
| Cash at bank and in hand | 54/58 | €1,619 | €9,410 | +€7,791 | +481.1% |
| Deferred charges and accrued income | 490/1 | €1,663 | €1,528 | -€135 | -8.1% |
| Total equity and liabilities | 10/49 | €107,939 | €140,719 | +€32,780 | +30.4% |
| Equity | 10/15 | -€142,685 | -€156,426 | -€13,742 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,145 | -€176,886 | -€13,742 | -8.4% |
| Amounts payable | 17/49 | €250,624 | €297,145 | +€46,521 | +18.6% |
| Amounts payable within one year | 42/48 | €250,624 | €297,145 | +€46,521 | +18.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,514 | €2,520 | +€1,006 | +66.4% |
| Suppliers | 440/4 | €1,514 | €2,520 | +€1,006 | +66.4% |
| Taxes, remuneration and social security | 45 | €0 | €315 | +€315 | |
| Taxes | 450/3 | €0 | €315 | +€315 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €249,109 | €294,310 | +€45,200 | +18.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,373 | €0 | -€42,373 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,639 | €12,283 | -€5,356 | -30.4% |
| Other operating charges | 640/8 | €7,753 | €4,769 | -€2,984 | -38.5% |
| Non-recurring operating charges | 66A | - | €6,287 | +€6,287 | |
| Gross operating margin | 9900 | €64,415 | €10,291 | -€54,124 | -84.0% |
| Operating profit (loss) | 9901 | -€3,350 | -€13,048 | -€9,698 | -289.5% |
| Financial income | 75/76B | €226 | €288 | +€61 | +27.0% |
| Recurring financial income | 75 | €226 | €288 | +€61 | +27.0% |
| Financial charges | 65/66B | €1,376 | €866 | -€510 | -37.1% |
| Recurring financial charges | 65 | €1,376 | €866 | -€510 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,500 | -€13,626 | -€9,127 | -202.8% |
| Income taxes | 67/77 | €286 | €115 | -€171 | -59.7% |
| Profit (loss) for the period | 9904 | -€4,786 | -€13,742 | -€8,956 | -187.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,786 | -€13,742 | -€8,956 | -187.1% |
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 29 September 2026 via checked.be.