Arvali: 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.
Arvali
Largest movements
- Receivables within one year -€7,498
down €7,498 (-69.0%), from €10,861 to €3,363
- Tangible fixed assets -€5,340
down €5,340 (-75.1%), from €7,112 to €1,772
- Profit (loss) carried forward -€22,194
down €22,194 (-0.2%), from -€12.1m to -€12.2m
- Debts after one year +€9,250
up €9,250 (+7.9%), from €116,500 to €125,750
- Depreciation -€2,337
down €2,337 (-30.4%), from €7,677 to €5,340
- Gross operating margin +€1,886
up €1,886 (+10.2%), from -€18,572 to -€16,686
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 | €18,093 | €5,143 | -€12,949 | -71.6% |
| Fixed assets | 21/28 | €7,112 | €1,772 | -€5,340 | -75.1% |
| Tangible fixed assets | 22/27 | €7,112 | €1,772 | -€5,340 | -75.1% |
| Other tangible fixed assets | 26 | €7,112 | €1,772 | -€5,340 | -75.1% |
| Current assets | 29/58 | €10,981 | €3,371 | -€7,609 | -69.3% |
| Amounts receivable within one year | 40/41 | €10,861 | €3,363 | -€7,498 | -69.0% |
| Other amounts receivable | 41 | €10,861 | €3,363 | -€7,498 | -69.0% |
| Cash at bank and in hand | 54/58 | €120 | €8 | -€112 | -93.4% |
| Total equity and liabilities | 10/49 | €18,093 | €5,143 | -€12,949 | -71.6% |
| Equity | 10/15 | -€101,582 | -€123,776 | -€22,194 | -21.8% |
| Contributions | 10/11 | €12,023,730 | €12,023,730 | = | 0.0% |
| Reserves | 13 | €4,106 | €4,106 | = | 0.0% |
| Non-distributable reserves | 130/1 | €205 | €205 | = | 0.0% |
| Reserves not available under the articles | 1311 | €205 | €205 | = | 0.0% |
| Distributable reserves | 133 | €3,900 | €3,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,129,417 | -€12,151,611 | -€22,194 | -0.2% |
| Amounts payable | 17/49 | €119,674 | €128,919 | +€9,245 | +7.7% |
| Amounts payable after more than one year | 17 | €116,500 | €125,750 | +€9,250 | +7.9% |
| Financial debts | 170/4 | €116,500 | €125,750 | +€9,250 | +7.9% |
| Amounts payable within one year | 42/48 | €3,174 | €3,169 | -€5 | -0.2% |
| Trade debts | 44 | €1,618 | €1,613 | -€5 | -0.3% |
| Suppliers | 440/4 | €1,618 | €1,613 | -€5 | -0.3% |
| Other amounts payable | 47/48 | €1,556 | €1,556 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,677 | €5,340 | -€2,337 | -30.4% |
| Other operating charges | 640/8 | €201 | €128 | -€73 | -36.3% |
| Gross operating margin | 9900 | -€18,572 | -€16,686 | +€1,886 | +10.2% |
| Operating profit (loss) | 9901 | -€26,449 | -€22,153 | +€4,296 | +16.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.4% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,488 | -€22,194 | +€4,295 | +16.2% |
| Profit (loss) for the period | 9904 | -€26,488 | -€22,194 | +€4,295 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,488 | -€22,194 | +€4,295 | +16.2% |
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 9 October 2026 via checked.be.