ARS B&V: 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.
What changed
ARS B&V
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,059
2024 · €9,263-€7,204
Equity
€73,373
2024 · €71,315+€2,059
Cash
€41,064
2024 · €41,448-€385
Balance sheet total
€502,973
2024 · €526,436-€23,463
Largest movements
Assets
- Tangible fixed assets -€22,222
down €22,222 (-4.6%), from €483,668 to €461,446
of which Land and buildings: -€16,417
Equity and liabilities
- Debts after one year -€23,177
down €23,177 (-6.9%), from €337,791 to €314,614
Income statement
- Gross operating margin -€7,705
down €7,705 (-17.5%), from €43,976 to €36,270
- Financial charges -€543
down €543 (-6.3%), from €8,552 to €8,009
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.
Result 2024
€9,263
Gross operating margin
-€7,705
Depreciation
+€282
Other operating charges
+€68
Financial income
+€0
Financial charges
+€543
Taxes
-€392
Result 2025
€2,059
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.
From operations
+€26,048
Investment
-€678
Financing
-€25,755
Cash 2024
€41,448
From operations (derived)
+€26,048
Net result for the year
+€2,059
Depreciation
+€22,900
Receivables within one year
+€982
Deferred charges and accrued income
-€126
Trade debts
-€263
Tax, wage and social debts
+€6
Other debts
+€490
Investment (derived)
-€678
Investment in fixed assets (net)
-€678
Financing
-€25,755
Debts after one year
-€23,177
Current portion of long-term debt
-€2,578
Cash 2025
€41,064
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €526,436 | €502,973 | -€23,463 | -4.5% |
| Fixed assets | 21/28 | €483,668 | €461,446 | -€22,222 | -4.6% |
| Tangible fixed assets | 22/27 | €483,668 | €461,446 | -€22,222 | -4.6% |
| Land and buildings | 22 | €474,793 | €458,376 | -€16,417 | -3.5% |
| Plant, machinery and equipment | 23 | €3,370 | €1,756 | -€1,614 | -47.9% |
| Furniture and vehicles | 24 | €5,506 | €1,315 | -€4,191 | -76.1% |
| Current assets | 29/58 | €42,768 | €41,527 | -€1,241 | -2.9% |
| Amounts receivable within one year | 40/41 | €1,205 | €222 | -€982 | -81.5% |
| Trade receivables | 40 | €981 | €65 | -€916 | -93.4% |
| Other amounts receivable | 41 | €224 | €157 | -€66 | -29.7% |
| Cash at bank and in hand | 54/58 | €41,448 | €41,064 | -€385 | -0.9% |
| Deferred charges and accrued income | 490/1 | €114 | €241 | +€126 | +110.1% |
| Total equity and liabilities | 10/49 | €526,436 | €502,973 | -€23,463 | -4.5% |
| Equity | 10/15 | €71,315 | €73,373 | +€2,059 | +2.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €39,100 | €41,158 | +€2,059 | +5.3% |
| Non-distributable reserves | 130/1 | €420 | €420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €420 | €420 | = | 0.0% |
| Distributable reserves | 133 | €38,680 | €40,738 | +€2,059 | +5.3% |
| Profit (loss) carried forward | 14 | €2,215 | €2,215 | = | 0.0% |
| Amounts payable | 17/49 | €455,121 | €429,599 | -€25,522 | -5.6% |
| Amounts payable after more than one year | 17 | €337,791 | €314,614 | -€23,177 | -6.9% |
| Financial debts | 170/4 | €337,791 | €314,614 | -€23,177 | -6.9% |
| Amounts payable within one year | 42/48 | €117,330 | €114,986 | -€2,345 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €25,755 | €23,177 | -€2,578 | -10.0% |
| Trade debts | 44 | €515 | €252 | -€263 | -51.0% |
| Suppliers | 440/4 | €515 | €252 | -€263 | -51.0% |
| Taxes, remuneration and social security | 45 | €1,100 | €1,106 | +€6 | +0.5% |
| Taxes | 450/3 | €1,100 | €1,106 | +€6 | +0.5% |
| Other amounts payable | 47/48 | €89,960 | €90,450 | +€490 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,182 | €22,900 | -€282 | -1.2% |
| Other operating charges | 640/8 | €3,165 | €3,097 | -€68 | -2.2% |
| Gross operating margin | 9900 | €43,976 | €36,270 | -€7,705 | -17.5% |
| Operating profit (loss) | 9901 | €17,628 | €10,274 | -€7,355 | -41.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €8,552 | €8,009 | -€543 | -6.3% |
| Recurring financial charges | 65 | €8,552 | €8,009 | -€543 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €9,076 | €2,264 | -€6,812 | -75.1% |
| Income taxes | 67/77 | -€186 | €206 | +€392 | |
| Profit (loss) for the period | 9904 | €9,263 | €2,059 | -€7,204 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,263 | €2,059 | -€7,204 | -77.8% |
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 2 October 2026 via checked.be.