ARV: 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.
ARV
Largest movements
- Cash +€33,987
up €33,987 (+294%), from €11,563 to €45,549
mainly Net result for the year (+€29,667) and Depreciation (+€16,899)
- Tangible fixed assets -€13,712
down €13,712 (-40.9%), from €33,500 to €19,788
of which Furniture and vehicles: -€15,545
- Receivables within one year +€2,052
up €2,052 (+7.4%), from €27,839 to €29,891
of which Other amounts receivable: +€8,535
- Reserves +€29,500
up €29,500 (+68.6%), from €43,000 to €72,500
- Tax, wage and social debts -€8,033
down €8,033 (-74.4%), from €10,805 to €2,771
- Gross operating margin +€9,664
up €9,664 (+24.3%), from €39,707 to €49,372
- Taxes -€4,575
down €4,575 (-100%), from €4,575 to €0
- Financial charges -€4,512
down €4,512 (-72.1%), from €6,257 to €1,745
- Depreciation +€517
up €517 (+3.2%), from €16,383 to €16,899
- Financial income +€495
up €495 (+100%), from €495 to €990
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 | €73,296 | €95,514 | +€22,219 | +30.3% |
| Fixed assets | 21/28 | €33,500 | €19,788 | -€13,712 | -40.9% |
| Tangible fixed assets | 22/27 | €33,500 | €19,788 | -€13,712 | -40.9% |
| Plant, machinery and equipment | 23 | - | €1,833 | +€1,833 | |
| Furniture and vehicles | 24 | €33,500 | €17,955 | -€15,545 | -46.4% |
| Current assets | 29/58 | €39,795 | €75,726 | +€35,931 | +90.3% |
| Amounts receivable within one year | 40/41 | €27,839 | €29,891 | +€2,052 | +7.4% |
| Trade receivables | 40 | €15,687 | €9,203 | -€6,484 | -41.3% |
| Other amounts receivable | 41 | €12,152 | €20,687 | +€8,535 | +70.2% |
| Cash at bank and in hand | 54/58 | €11,563 | €45,549 | +€33,987 | +294% |
| Deferred charges and accrued income | 490/1 | €394 | €286 | -€108 | -27.3% |
| Total equity and liabilities | 10/49 | €73,296 | €95,514 | +€22,219 | +30.3% |
| Equity | 10/15 | €55,480 | €85,147 | +€29,667 | +53.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €43,000 | €72,500 | +€29,500 | +68.6% |
| Distributable reserves | 133 | €43,000 | €72,500 | +€29,500 | +68.6% |
| Profit (loss) carried forward | 14 | €80 | €247 | +€167 | +210% |
| Amounts payable | 17/49 | €17,816 | €10,368 | -€7,448 | -41.8% |
| Amounts payable within one year | 42/48 | €17,816 | €10,368 | -€7,448 | -41.8% |
| Trade debts | 44 | €7,011 | €7,596 | +€585 | +8.3% |
| Suppliers | 440/4 | €7,011 | €7,596 | +€585 | +8.3% |
| Taxes, remuneration and social security | 45 | €10,805 | €2,771 | -€8,033 | -74.4% |
| Taxes | 450/3 | €10,805 | €2,771 | -€8,033 | -74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,383 | €16,899 | +€517 | +3.2% |
| Other operating charges | 640/8 | €1,680 | €2,051 | +€371 | +22.1% |
| Gross operating margin | 9900 | €39,707 | €49,372 | +€9,664 | +24.3% |
| Operating profit (loss) | 9901 | €21,645 | €30,421 | +€8,776 | +40.5% |
| Financial income | 75/76B | €495 | €990 | +€495 | +100% |
| Recurring financial income | 75 | €495 | €990 | +€495 | +100% |
| Financial charges | 65/66B | €6,257 | €1,745 | -€4,512 | -72.1% |
| Recurring financial charges | 65 | €6,257 | €1,745 | -€4,512 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €15,883 | €29,667 | +€13,784 | +86.8% |
| Income taxes | 67/77 | €4,575 | €0 | -€4,575 | -100% |
| Profit (loss) for the period | 9904 | €11,308 | €29,667 | +€18,359 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €11,308 | €29,667 | +€18,359 | +162% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.