ARPM 147: 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.
ARPM 147
Largest movements
- Cash -€38,852
down €38,852 (-57.6%), from €67,464 to €28,612
mainly Debts after one year (-€44,230) and Contributions, distributions and other (-€17,288)
- Receivables within one year -€25,995
down €25,995 (-44.0%), from €59,045 to €33,050
of which Trade receivables: -€26,045
- Tangible fixed assets -€6,888
down €6,888 (-3.5%), from €197,823 to €190,935
of which Land and buildings: -€16,608
- Debts after one year -€44,230
down €44,230 (-23.1%), from €191,870 to €147,641
- Reserves -€17,288
down €17,288 (-17.6%), from €98,162 to €80,874
- Tax, wage and social debts -€17,045
down €17,045 (-52.8%), from €32,269 to €15,224
of which Taxes: -€17,123
- Other debts +€16,432
up €16,432 (+254.7%), from €6,452 to €22,884
- Profit (loss) carried forward -€11,853
down €11,853 (-18.0%), from -€65,838 to -€77,690
- Gross operating margin -€72,850
down €72,850 (-57.4%), from €126,882 to €54,032
- Staff costs +€15,692
up €15,692 (+84.1%), from €18,663 to €34,355
- Other operating charges -€9,334
down €9,334 (-71.0%), from €13,154 to €3,820
- Depreciation -€3,149
down €3,149 (-12.5%), from €25,136 to €21,987
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 | €334,450 | €259,001 | -€75,449 | -22.6% |
| Fixed assets | 21/28 | €199,725 | €191,382 | -€8,343 | -4.2% |
| Intangible fixed assets | 21 | €1,708 | €253 | -€1,455 | -85.2% |
| Tangible fixed assets | 22/27 | €197,823 | €190,935 | -€6,888 | -3.5% |
| Land and buildings | 22 | €185,001 | €168,393 | -€16,608 | -9.0% |
| Plant, machinery and equipment | 23 | €0 | €2,645 | +€2,645 | |
| Furniture and vehicles | 24 | €762 | €9,656 | +€8,893 | +1166.5% |
| Other tangible fixed assets | 26 | €12,059 | €10,242 | -€1,817 | -15.1% |
| Financial fixed assets | 28 | €194 | €194 | = | 0.0% |
| Current assets | 29/58 | €134,725 | €67,619 | -€67,106 | -49.8% |
| Amounts receivable within one year | 40/41 | €59,045 | €33,050 | -€25,995 | -44.0% |
| Trade receivables | 40 | €58,913 | €32,868 | -€26,045 | -44.2% |
| Other amounts receivable | 41 | €132 | €181 | +€49 | +37.2% |
| Cash at bank and in hand | 54/58 | €67,464 | €28,612 | -€38,852 | -57.6% |
| Deferred charges and accrued income | 490/1 | €8,216 | €5,957 | -€2,259 | -27.5% |
| Total equity and liabilities | 10/49 | €334,450 | €259,001 | -€75,449 | -22.6% |
| Equity | 10/15 | €50,925 | €21,784 | -€29,140 | -57.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,162 | €80,874 | -€17,288 | -17.6% |
| Distributable reserves | 133 | €98,162 | €80,874 | -€17,288 | -17.6% |
| Profit (loss) carried forward | 14 | -€65,838 | -€77,690 | -€11,853 | -18.0% |
| Amounts payable | 17/49 | €283,525 | €237,217 | -€46,309 | -16.3% |
| Amounts payable after more than one year | 17 | €191,870 | €147,641 | -€44,230 | -23.1% |
| Financial debts | 170/4 | €191,870 | €147,641 | -€44,230 | -23.1% |
| Amounts payable within one year | 42/48 | €90,040 | €89,318 | -€722 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €43,230 | €44,230 | +€1,000 | +2.3% |
| Trade debts | 44 | €8,090 | €6,981 | -€1,109 | -13.7% |
| Suppliers | 440/4 | €8,090 | €6,981 | -€1,109 | -13.7% |
| Taxes, remuneration and social security | 45 | €32,269 | €15,224 | -€17,045 | -52.8% |
| Taxes | 450/3 | €24,591 | €7,468 | -€17,123 | -69.6% |
| Remuneration and social security | 454/9 | €7,678 | €7,756 | +€78 | +1.0% |
| Other amounts payable | 47/48 | €6,452 | €22,884 | +€16,432 | +254.7% |
| Accrued charges and deferred income | 492/3 | €1,615 | €258 | -€1,357 | -84.0% |
| Remuneration, social security and pensions | 62 | €18,663 | €34,355 | +€15,692 | +84.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,136 | €21,987 | -€3,149 | -12.5% |
| Other operating charges | 640/8 | €13,154 | €3,820 | -€9,334 | -71.0% |
| Gross operating margin | 9900 | €126,882 | €54,032 | -€72,850 | -57.4% |
| Operating profit (loss) | 9901 | €69,929 | -€6,130 | -€76,059 | |
| Financial income | 75/76B | €12 | €0 | -€11 | -96.7% |
| Recurring financial income | 75 | €12 | €0 | -€11 | -96.7% |
| Financial charges | 65/66B | €6,352 | €5,131 | -€1,221 | -19.2% |
| Recurring financial charges | 65 | €6,352 | €5,131 | -€1,221 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €63,588 | -€11,261 | -€74,849 | |
| Income taxes | 67/77 | €754 | €591 | -€162 | -21.5% |
| Profit (loss) for the period | 9904 | €62,835 | -€11,853 | -€74,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,835 | -€11,853 | -€74,687 |
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.