ARSVINUM: 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.
ARSVINUM
Largest movements
- Stocks and contracts -€24,220
down €24,220 (-43.8%), from €55,309 to €31,089
- Cash +€7,231
up €7,231 (+723.3%), from €1,000 to €8,231
mainly Stocks and contracts (+€24,220) and Receivables within one year (+€6,472)
- Receivables within one year -€6,472
down €6,472 (-8.4%), from €77,233 to €70,761
of which Trade receivables: -€8,790
- Other debts -€21,655
down €21,655 (-16.3%), from €132,945 to €111,290
- Tax, wage and social debts -€1,442
down €1,442 (-27.7%), from €5,197 to €3,755
- Gross operating margin -€3,891
down €3,891 (-50.6%), from €7,688 to €3,797
- Financial charges -€383
down €383 (-33.8%), from €1,133 to €750
- Taxes -€89
down €89 (-6.1%), from €1,463 to €1,374
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 | €133,541 | €110,080 | -€23,461 | -17.6% |
| Current assets | 29/58 | €133,541 | €110,080 | -€23,461 | -17.6% |
| Stocks and contracts in progress | 3 | €55,309 | €31,089 | -€24,220 | -43.8% |
| Stocks | 30/36 | €55,309 | €31,089 | -€24,220 | -43.8% |
| Amounts receivable within one year | 40/41 | €77,233 | €70,761 | -€6,472 | -8.4% |
| Trade receivables | 40 | €77,174 | €68,384 | -€8,790 | -11.4% |
| Other amounts receivable | 41 | €59 | €2,377 | +€2,318 | +3932.9% |
| Cash at bank and in hand | 54/58 | €1,000 | €8,231 | +€7,231 | +723.3% |
| Total equity and liabilities | 10/49 | €133,541 | €110,080 | -€23,461 | -17.6% |
| Equity | 10/15 | -€7,625 | -€6,331 | +€1,294 | +17.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,625 | -€9,331 | +€1,294 | +12.2% |
| Amounts payable | 17/49 | €141,167 | €116,412 | -€24,755 | -17.5% |
| Amounts payable within one year | 42/48 | €141,167 | €116,412 | -€24,755 | -17.5% |
| Financial debts | 43 | €1,048 | €701 | -€346 | -33.1% |
| Credit institutions | 430/8 | €1,048 | €701 | -€346 | -33.1% |
| Trade debts | 44 | €1,977 | €666 | -€1,312 | -66.3% |
| Suppliers | 440/4 | €1,977 | €666 | -€1,312 | -66.3% |
| Taxes, remuneration and social security | 45 | €5,197 | €3,755 | -€1,442 | -27.7% |
| Taxes | 450/3 | €5,197 | €3,755 | -€1,442 | -27.7% |
| Other amounts payable | 47/48 | €132,945 | €111,290 | -€21,655 | -16.3% |
| Other operating charges | 640/8 | €433 | €479 | +€45 | +10.5% |
| Gross operating margin | 9900 | €7,688 | €3,797 | -€3,891 | -50.6% |
| Operating profit (loss) | 9901 | €7,255 | €3,318 | -€3,937 | -54.3% |
| Financial income | 75/76B | €135 | €100 | -€35 | -26.0% |
| Recurring financial income | 75 | €135 | €100 | -€35 | -26.0% |
| Financial charges | 65/66B | €1,133 | €750 | -€383 | -33.8% |
| Recurring financial charges | 65 | €1,133 | €750 | -€383 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €6,257 | €2,668 | -€3,589 | -57.4% |
| Income taxes | 67/77 | €1,463 | €1,374 | -€89 | -6.1% |
| Profit (loss) for the period | 9904 | €4,794 | €1,294 | -€3,500 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,794 | €1,294 | -€3,500 | -73.0% |
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.