ARPOL: 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.
ARPOL
Largest movements
- Tangible fixed assets -€19,500
down €19,500 (-25.7%), from €76,006 to €56,506
of which Furniture and vehicles: -€15,792
- Receivables within one year -€19,249
down €19,249 (-40.1%), from €48,062 to €28,812
of which Trade receivables: -€18,625
- Cash -€2,085
down €2,085 (-22.5%), from €9,287 to €7,202
mainly Trade debts (-€17,949) and Net result for the year (-€16,301)
- Trade debts -€17,949
down €17,949 (-41.1%), from €43,643 to €25,694
of which Bills of exchange payable: -€21,964
- Profit (loss) carried forward -€16,301
down €16,301 (-52.0%), from €31,328 to €15,027
- Debts after one year -€12,214
down €12,214 (-36.1%), from €33,814 to €21,600
- Advances received +€5,814
up €5,814 (+397%), from €1,464 to €7,278
- Tax, wage and social debts -€1,887
down €1,887 (-58.1%), from €3,246 to €1,359
- Gross operating margin -€31,467
down €31,467 (-79.7%), from €39,457 to €7,990
- Depreciation -€3,601
down €3,601 (-14.1%), from €25,618 to €22,017
- Taxes -€3,065
down €3,065 (-94.4%), from €3,246 to €182
- Financial charges +€551
up €551 (+41.1%), from €1,342 to €1,893
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.
Derived cash bridge
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 | €138,711 | €98,219 | -€40,492 | -29.2% |
| Fixed assets | 21/28 | €77,206 | €57,706 | -€19,500 | -25.3% |
| Tangible fixed assets | 22/27 | €76,006 | €56,506 | -€19,500 | -25.7% |
| Plant, machinery and equipment | 23 | €6,584 | €2,875 | -€3,708 | -56.3% |
| Furniture and vehicles | 24 | €69,422 | €53,630 | -€15,792 | -22.7% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €61,505 | €40,513 | -€20,992 | -34.1% |
| Amounts receivable within one year | 40/41 | €48,062 | €28,812 | -€19,249 | -40.1% |
| Trade receivables | 40 | €47,437 | €28,812 | -€18,625 | -39.3% |
| Other amounts receivable | 41 | €625 | - | -€625 | |
| Cash at bank and in hand | 54/58 | €9,287 | €7,202 | -€2,085 | -22.5% |
| Deferred charges and accrued income | 490/1 | €4,157 | €4,499 | +€343 | +8.2% |
| Total equity and liabilities | 10/49 | €138,711 | €98,219 | -€40,492 | -29.2% |
| Equity | 10/15 | €35,328 | €19,027 | -€16,301 | -46.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,328 | €15,027 | -€16,301 | -52.0% |
| Amounts payable | 17/49 | €103,383 | €79,192 | -€24,191 | -23.4% |
| Amounts payable after more than one year | 17 | €33,814 | €21,600 | -€12,214 | -36.1% |
| Financial debts | 170/4 | €33,814 | €21,600 | -€12,214 | -36.1% |
| Amounts payable within one year | 42/48 | €69,256 | €57,368 | -€11,888 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €11,628 | €12,050 | +€422 | +3.6% |
| Trade debts | 44 | €43,643 | €25,694 | -€17,949 | -41.1% |
| Suppliers | 440/4 | €21,678 | €25,694 | +€4,016 | +18.5% |
| Bills of exchange payable | 441 | €21,964 | - | -€21,964 | |
| Advances received on contracts in progress | 46 | €1,464 | €7,278 | +€5,814 | +397% |
| Taxes, remuneration and social security | 45 | €3,246 | €1,359 | -€1,887 | -58.1% |
| Taxes | 450/3 | €3,246 | €1,359 | -€1,887 | -58.1% |
| Other amounts payable | 47/48 | €9,275 | €10,987 | +€1,712 | +18.5% |
| Accrued charges and deferred income | 492/3 | €314 | €225 | -€89 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,618 | €22,017 | -€3,601 | -14.1% |
| Other operating charges | 640/8 | €386 | €394 | +€8 | +2.0% |
| Gross operating margin | 9900 | €39,457 | €7,990 | -€31,467 | -79.7% |
| Operating profit (loss) | 9901 | €13,453 | -€14,421 | -€27,873 | |
| Financial income | 75/76B | €26 | €194 | +€168 | +644% |
| Recurring financial income | 75 | €26 | €194 | +€168 | +644% |
| Financial charges | 65/66B | €1,342 | €1,893 | +€551 | +41.1% |
| Recurring financial charges | 65 | €1,342 | €1,893 | +€551 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €12,137 | -€16,119 | -€28,257 | |
| Income taxes | 67/77 | €3,246 | €182 | -€3,065 | -94.4% |
| Profit (loss) for the period | 9904 | €8,891 | -€16,301 | -€25,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,891 | -€16,301 | -€25,192 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.