ARPOFIN: 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.
ARPOFIN
Largest movements
- Current investments -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Receivables within one year +€7,529
up €7,529 (+37.3%), from €20,197 to €27,727
of which Trade receivables: +€7,421
- Tangible fixed assets -€6,573
down €6,573 (-42.9%), from €15,320 to €8,748
- Cash +€5,100
up €5,100 (+19.1%), from €26,746 to €31,846
mainly Net result for the year (+€51,390) and Current investments (+€10,000)
- Deferred charges and accrued income +€1,464
up €1,464 (+240.2%), from €609 to €2,073
- Other debts -€5,100
down €5,100 (-10.5%), from €48,450 to €43,350
- Trade debts +€1,395
up €1,395 (+1094.8%), from €127 to €1,522
- Tax, wage and social debts +€835
up €835 (+4.3%), from €19,297 to €20,132
of which Remuneration and social security: +€500
- Gross operating margin +€2,706
up €2,706 (+3.9%), from €69,703 to €72,409
- Financial income -€796
down €796 (-82.0%), from €970 to €175
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 | €72,917 | €70,438 | -€2,479 | -3.4% |
| Fixed assets | 21/28 | €15,365 | €8,792 | -€6,573 | -42.8% |
| Tangible fixed assets | 22/27 | €15,320 | €8,748 | -€6,573 | -42.9% |
| Furniture and vehicles | 24 | €15,320 | €8,748 | -€6,573 | -42.9% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €57,553 | €61,646 | +€4,093 | +7.1% |
| Amounts receivable within one year | 40/41 | €20,197 | €27,727 | +€7,529 | +37.3% |
| Trade receivables | 40 | €20,197 | €27,618 | +€7,421 | +36.7% |
| Other amounts receivable | 41 | €0 | €108 | +€108 | |
| Current investments | 50/53 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,746 | €31,846 | +€5,100 | +19.1% |
| Deferred charges and accrued income | 490/1 | €609 | €2,073 | +€1,464 | +240.2% |
| Total equity and liabilities | 10/49 | €72,917 | €70,438 | -€2,479 | -3.4% |
| Equity | 10/15 | €5,043 | €5,433 | +€390 | +7.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43 | €433 | +€390 | +902.4% |
| Amounts payable | 17/49 | €67,874 | €65,005 | -€2,870 | -4.2% |
| Amounts payable within one year | 42/48 | €67,874 | €65,005 | -€2,870 | -4.2% |
| Trade debts | 44 | €127 | €1,522 | +€1,395 | +1094.8% |
| Suppliers | 440/4 | €127 | €1,522 | +€1,395 | +1094.8% |
| Taxes, remuneration and social security | 45 | €19,297 | €20,132 | +€835 | +4.3% |
| Taxes | 450/3 | €17,697 | €18,032 | +€335 | +1.9% |
| Remuneration and social security | 454/9 | €1,600 | €2,100 | +€500 | +31.3% |
| Other amounts payable | 47/48 | €48,450 | €43,350 | -€5,100 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,443 | €6,573 | +€130 | +2.0% |
| Other operating charges | 640/8 | €564 | €582 | +€18 | +3.3% |
| Gross operating margin | 9900 | €69,703 | €72,409 | +€2,706 | +3.9% |
| Operating profit (loss) | 9901 | €62,696 | €65,254 | +€2,558 | +4.1% |
| Financial income | 75/76B | €970 | €175 | -€796 | -82.0% |
| Recurring financial income | 75 | €970 | €175 | -€796 | -82.0% |
| Financial charges | 65/66B | €94 | €95 | +€1 | +1.2% |
| Recurring financial charges | 65 | €94 | €95 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €63,573 | €65,334 | +€1,761 | +2.8% |
| Income taxes | 67/77 | €13,533 | €13,944 | +€411 | +3.0% |
| Profit (loss) for the period | 9904 | €50,040 | €51,390 | +€1,351 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,040 | €51,390 | +€1,351 | +2.7% |
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.