ARV GROUP: 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.
ARV GROUP
Largest movements
- Receivables within one year +€16,623
up €16,623 (+45.9%), from €36,184 to €52,807
of which Trade receivables: +€14,038
- Tangible fixed assets -€10,488
down €10,488 (-50.2%), from €20,913 to €10,425
- Cash +€4,461
up €4,461 (+51.8%), from €8,613 to €13,074
mainly Net result for the year (+€18,371) and Depreciation (+€10,488)
- Profit (loss) carried forward +€18,371
up €18,371 (+68.8%), from €26,713 to €45,084
- Debts after one year -€8,084
down €8,084 (-40.9%), from €19,755 to €11,671
- Tax, wage and social debts -€2,009
down €2,009 (-46.2%), from €4,348 to €2,339
- Trade debts +€1,962
up €1,962 (+163.9%), from €1,197 to €3,159
- Gross operating margin +€38,547
up €38,547, from -€6,674 to €31,873
- Depreciation +€2,726
up €2,726 (+35.1%), from €7,762 to €10,488
- Other operating charges -€1,847
down €1,847 (-96.5%), from €1,914 to €67
- Financial charges +€960
up €960 (+80.7%), from €1,190 to €2,150
- Taxes +€797
new in 2025: €797
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 | €65,940 | €76,536 | +€10,596 | +16.1% |
| Fixed assets | 21/28 | €21,143 | €10,655 | -€10,488 | -49.6% |
| Tangible fixed assets | 22/27 | €20,913 | €10,425 | -€10,488 | -50.2% |
| Furniture and vehicles | 24 | €20,913 | €10,425 | -€10,488 | -50.2% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €44,797 | €65,881 | +€21,084 | +47.1% |
| Amounts receivable within one year | 40/41 | €36,184 | €52,807 | +€16,623 | +45.9% |
| Trade receivables | 40 | €29,735 | €43,773 | +€14,038 | +47.2% |
| Other amounts receivable | 41 | €6,449 | €9,034 | +€2,585 | +40.1% |
| Cash at bank and in hand | 54/58 | €8,613 | €13,074 | +€4,461 | +51.8% |
| Total equity and liabilities | 10/49 | €65,940 | €76,536 | +€10,596 | +16.1% |
| Equity | 10/15 | €32,913 | €51,284 | +€18,371 | +55.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,713 | €45,084 | +€18,371 | +68.8% |
| Amounts payable | 17/49 | €33,027 | €25,252 | -€7,775 | -23.5% |
| Amounts payable after more than one year | 17 | €19,755 | €11,671 | -€8,084 | -40.9% |
| Financial debts | 170/4 | €19,755 | €11,671 | -€8,084 | -40.9% |
| Amounts payable within one year | 42/48 | €13,272 | €13,581 | +€309 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €7,727 | €8,083 | +€356 | +4.6% |
| Trade debts | 44 | €1,197 | €3,159 | +€1,962 | +163.9% |
| Suppliers | 440/4 | €1,197 | €3,159 | +€1,962 | +163.9% |
| Taxes, remuneration and social security | 45 | €4,348 | €2,339 | -€2,009 | -46.2% |
| Taxes | 450/3 | €4,348 | €2,339 | -€2,009 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,762 | €10,488 | +€2,726 | +35.1% |
| Other operating charges | 640/8 | €1,914 | €67 | -€1,847 | -96.5% |
| Gross operating margin | 9900 | -€6,674 | €31,873 | +€38,547 | |
| Operating profit (loss) | 9901 | -€16,350 | €21,318 | +€37,668 | |
| Financial charges | 65/66B | €1,190 | €2,150 | +€960 | +80.7% |
| Recurring financial charges | 65 | €1,190 | €2,150 | +€960 | +80.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,540 | €19,168 | +€36,708 | |
| Income taxes | 67/77 | - | €797 | +€797 | |
| Profit (loss) for the period | 9904 | -€17,540 | €18,371 | +€35,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,540 | €18,371 | +€35,911 |
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.