ARVA - BURO: 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.
ARVA - BURO
Largest movements
- Receivables within one year +€100,908
up €100,908 (+15.2%), from €663,053 to €763,961
of which Other amounts receivable: +€50,894
- Profit (loss) carried forward +€43,651
up €43,651 (+34.0%), from -€128,501 to -€84,850
- Tax, wage and social debts +€37,603
up €37,603 (+68.9%), from €54,568 to €92,171
- Gross operating margin -€14,158
down €14,158 (-16.1%), from €87,880 to €73,722
- Taxes -€5,500
down €5,500 (-34.4%), from €16,000 to €10,500
- Financial charges +€3,027
up €3,027 (+37.8%), from €8,007 to €11,034
- Depreciation -€2,548
down €2,548 (-46.2%), from €5,513 to €2,965
- Other operating charges +€1,968
up €1,968 (+53.2%), from €3,698 to €5,666
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €869,495 | €949,952 | +€80,457 | +9.3% |
| Fixed assets | 21/28 | €21,399 | €8,569 | -€12,830 | -60.0% |
| Tangible fixed assets | 22/27 | €12,299 | €7,284 | -€5,015 | -40.8% |
| Furniture and vehicles | 24 | €12,299 | €7,284 | -€5,015 | -40.8% |
| Financial fixed assets | 28 | €9,100 | €1,285 | -€7,815 | -85.9% |
| Current assets | 29/58 | €848,096 | €941,383 | +€93,287 | +11.0% |
| Stocks and contracts in progress | 3 | €164,602 | €160,630 | -€3,972 | -2.4% |
| Stocks | 30/36 | €164,602 | €160,630 | -€3,972 | -2.4% |
| Amounts receivable within one year | 40/41 | €663,053 | €763,961 | +€100,908 | +15.2% |
| Trade receivables | 40 | €143,498 | €193,512 | +€50,014 | +34.9% |
| Other amounts receivable | 41 | €519,555 | €570,449 | +€50,894 | +9.8% |
| Cash at bank and in hand | 54/58 | €16,941 | €16,792 | -€149 | -0.9% |
| Deferred charges and accrued income | 490/1 | €3,500 | - | -€3,500 | |
| Total equity and liabilities | 10/49 | €869,495 | €949,952 | +€80,457 | +9.3% |
| Equity | 10/15 | €753,903 | €797,554 | +€43,651 | +5.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €820,404 | €820,404 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €814,204 | €814,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,501 | -€84,850 | +€43,651 | +34.0% |
| Amounts payable | 17/49 | €115,592 | €152,398 | +€36,806 | +31.8% |
| Amounts payable within one year | 42/48 | €115,592 | €152,398 | +€36,806 | +31.8% |
| Financial debts | 43 | €61,024 | €60,000 | -€1,024 | -1.7% |
| Credit institutions | 430/8 | €61,024 | €60,000 | -€1,024 | -1.7% |
| Trade debts | 44 | - | €227 | +€227 | |
| Suppliers | 440/4 | - | €227 | +€227 | |
| Taxes, remuneration and social security | 45 | €54,568 | €92,171 | +€37,603 | +68.9% |
| Taxes | 450/3 | €54,568 | €92,171 | +€37,603 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,513 | €2,965 | -€2,548 | -46.2% |
| Other operating charges | 640/8 | €3,698 | €5,666 | +€1,968 | +53.2% |
| Gross operating margin | 9900 | €87,880 | €73,722 | -€14,158 | -16.1% |
| Operating profit (loss) | 9901 | €78,669 | €65,091 | -€13,578 | -17.3% |
| Financial income | 75/76B | €13 | €94 | +€81 | +623.1% |
| Recurring financial income | 75 | €13 | €94 | +€81 | +623.1% |
| Financial charges | 65/66B | €8,007 | €11,034 | +€3,027 | +37.8% |
| Recurring financial charges | 65 | €8,007 | €11,034 | +€3,027 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €70,675 | €54,151 | -€16,524 | -23.4% |
| Income taxes | 67/77 | €16,000 | €10,500 | -€5,500 | -34.4% |
| Profit (loss) for the period | 9904 | €54,675 | €43,651 | -€11,024 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,675 | €43,651 | -€11,024 | -20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.