ARPODAT: 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.
ARPODAT
Largest movements
- Receivables within one year -€39,386
down €39,386 (-58.1%), from €67,786 to €28,400
of which Trade receivables: -€41,379
- Tangible fixed assets -€24,276
down €24,276 (-17.2%), from €141,226 to €116,949
- Cash +€19,053
up €19,053 (+26.2%), from €72,760 to €91,813
mainly Receivables within one year (+€39,386) and Depreciation (+€28,729)
- Debts after one year -€28,796
down €28,796 (-20.1%), from €143,016 to €114,220
- Trade debts -€9,837
down €9,837 (-35.3%), from €27,856 to €18,019
- Profit (loss) carried forward +€7,935
up €7,935 (+11.1%), from -€71,211 to -€63,276
- Current portion of long-term debt -€6,868
down €6,868 (-11.3%), from €60,664 to €53,796
- Advances received -€5,896
down €5,896 (-77.3%), from €7,626 to €1,730
- Gross operating margin -€14,542
down €14,542 (-6.9%), from €210,558 to €196,017
- Staff costs +€9,210
up €9,210 (+7.2%), from €127,499 to €136,709
- Financial charges -€6,149
down €6,149 (-30.6%), from €20,104 to €13,955
- Depreciation +€2,411
up €2,411 (+9.2%), from €26,318 to €28,729
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 | €309,837 | €268,928 | -€40,909 | -13.2% |
| Fixed assets | 21/28 | €143,192 | €118,915 | -€24,276 | -17.0% |
| Tangible fixed assets | 22/27 | €141,226 | €116,949 | -€24,276 | -17.2% |
| Land and buildings | 22 | €72,000 | €60,000 | -€12,000 | -16.7% |
| Plant, machinery and equipment | 23 | €43,406 | €33,576 | -€9,830 | -22.6% |
| Furniture and vehicles | 24 | €1,541 | €3,141 | +€1,600 | +103.8% |
| Other tangible fixed assets | 26 | €24,279 | €20,232 | -€4,047 | -16.7% |
| Financial fixed assets | 28 | €1,966 | €1,966 | = | 0.0% |
| Current assets | 29/58 | €166,645 | €150,013 | -€16,633 | -10.0% |
| Stocks and contracts in progress | 3 | €24,553 | €26,489 | +€1,936 | +7.9% |
| Stocks | 30/36 | €24,553 | €26,489 | +€1,936 | +7.9% |
| Amounts receivable within one year | 40/41 | €67,786 | €28,400 | -€39,386 | -58.1% |
| Trade receivables | 40 | €67,786 | €26,407 | -€41,379 | -61.0% |
| Other amounts receivable | 41 | €0 | €1,993 | +€1,993 | |
| Cash at bank and in hand | 54/58 | €72,760 | €91,813 | +€19,053 | +26.2% |
| Deferred charges and accrued income | 490/1 | €1,545 | €3,310 | +€1,765 | +114.2% |
| Total equity and liabilities | 10/49 | €309,837 | €268,928 | -€40,909 | -13.2% |
| Equity | 10/15 | €46,389 | €54,324 | +€7,935 | +17.1% |
| Contributions | 10/11 | €117,600 | €117,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,211 | -€63,276 | +€7,935 | +11.1% |
| Amounts payable | 17/49 | €263,448 | €214,603 | -€48,844 | -18.5% |
| Amounts payable after more than one year | 17 | €143,016 | €114,220 | -€28,796 | -20.1% |
| Financial debts | 170/4 | €143,016 | €114,220 | -€28,796 | -20.1% |
| Amounts payable within one year | 42/48 | €118,506 | €97,614 | -€20,892 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €60,664 | €53,796 | -€6,868 | -11.3% |
| Trade debts | 44 | €27,856 | €18,019 | -€9,837 | -35.3% |
| Suppliers | 440/4 | €27,856 | €18,019 | -€9,837 | -35.3% |
| Advances received on contracts in progress | 46 | €7,626 | €1,730 | -€5,896 | -77.3% |
| Taxes, remuneration and social security | 45 | €21,361 | €24,029 | +€2,668 | +12.5% |
| Taxes | 450/3 | €10,281 | €12,037 | +€1,756 | +17.1% |
| Remuneration and social security | 454/9 | €11,080 | €11,993 | +€913 | +8.2% |
| Other amounts payable | 47/48 | €998 | €39 | -€959 | -96.1% |
| Accrued charges and deferred income | 492/3 | €1,926 | €2,769 | +€844 | +43.8% |
| Remuneration, social security and pensions | 62 | €127,499 | €136,709 | +€9,210 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,318 | €28,729 | +€2,411 | +9.2% |
| Other operating charges | 640/8 | €7,777 | €6,303 | -€1,474 | -19.0% |
| Non-recurring operating charges | 66A | €892 | €0 | -€892 | -100.0% |
| Gross operating margin | 9900 | €210,558 | €196,017 | -€14,542 | -6.9% |
| Operating profit (loss) | 9901 | €48,071 | €24,275 | -€23,796 | -49.5% |
| Financial income | 75/76B | €0 | €783 | +€783 | |
| Recurring financial income | 75 | €0 | €783 | +€783 | |
| Financial charges | 65/66B | €20,104 | €13,955 | -€6,149 | -30.6% |
| Recurring financial charges | 65 | €20,104 | €13,955 | -€6,149 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €27,967 | €11,103 | -€16,864 | -60.3% |
| Income taxes | 67/77 | €3,939 | €3,168 | -€772 | -19.6% |
| Profit (loss) for the period | 9904 | €24,028 | €7,935 | -€16,092 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,028 | €7,935 | -€16,092 | -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 5 October 2026 via checked.be.