ARVANDA: 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.
ARVANDA
Largest movements
- Receivables within one year +€26,740
up €26,740 (+24.4%), from €109,432 to €136,172
of which Trade receivables: +€32,216
- Current investments -€26,275
down €26,275 (-100.0%), from €26,275 to €0
- Cash -€11,785
down €11,785 (-62.7%), from €18,802 to €7,017
mainly Receivables within one year (-€26,740) and Debts after one year (-€13,181)
- Tangible fixed assets +€2,082
up €2,082 (+107.2%), from €1,941 to €4,022
of which Furniture and vehicles: +€2,395
- Debts after one year -€13,181
down €13,181 (-17.5%), from €75,346 to €62,165
- Profit (loss) carried forward -€6,054
down €6,054 (-31.7%), from -€19,075 to -€25,129
- Other debts +€3,996
up €3,996 (+18.2%), from €21,948 to €25,944
- Trade debts +€2,825
up €2,825 (+195.5%), from €1,445 to €4,269
- Tax, wage and social debts +€2,406
up €2,406, from €0 to €2,406
- Gross operating margin -€57,438
down €57,438, from €53,275 to -€4,162
- Financial charges -€14,058
down €14,058, from €14,023 to -€34
- Depreciation -€5,134
down €5,134 (-86.3%), from €5,950 to €816
- Financial income -€2,879
down €2,879 (-97.3%), from €2,958 to €78
- Other operating charges -€575
down €575 (-35.6%), from €1,614 to €1,039
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 | €161,568 | €152,397 | -€9,171 | -5.7% |
| Fixed assets | 21/28 | €1,941 | €4,022 | +€2,082 | +107.2% |
| Tangible fixed assets | 22/27 | €1,941 | €4,022 | +€2,082 | +107.2% |
| Plant, machinery and equipment | 23 | €1,479 | €1,165 | -€314 | -21.2% |
| Furniture and vehicles | 24 | €462 | €2,858 | +€2,395 | +518.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €159,627 | €148,374 | -€11,253 | -7.0% |
| Amounts receivable within one year | 40/41 | €109,432 | €136,172 | +€26,740 | +24.4% |
| Trade receivables | 40 | €0 | €32,216 | +€32,216 | |
| Other amounts receivable | 41 | €109,432 | €103,956 | -€5,477 | -5.0% |
| Current investments | 50/53 | €26,275 | €0 | -€26,275 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,802 | €7,017 | -€11,785 | -62.7% |
| Deferred charges and accrued income | 490/1 | €5,118 | €5,186 | +€68 | +1.3% |
| Total equity and liabilities | 10/49 | €161,568 | €152,397 | -€9,171 | -5.7% |
| Equity | 10/15 | €50,098 | €44,044 | -€6,054 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,573 | €50,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €50,573 | €50,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,075 | -€25,129 | -€6,054 | -31.7% |
| Amounts payable | 17/49 | €111,470 | €108,353 | -€3,118 | -2.8% |
| Amounts payable after more than one year | 17 | €75,346 | €62,165 | -€13,181 | -17.5% |
| Financial debts | 170/4 | €75,346 | €62,165 | -€13,181 | -17.5% |
| Amounts payable within one year | 42/48 | €36,066 | €45,800 | +€9,734 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €12,673 | €13,181 | +€508 | +4.0% |
| Trade debts | 44 | €1,445 | €4,269 | +€2,825 | +195.5% |
| Suppliers | 440/4 | €1,445 | €4,269 | +€2,825 | +195.5% |
| Taxes, remuneration and social security | 45 | €0 | €2,406 | +€2,406 | |
| Taxes | 450/3 | €0 | €2,406 | +€2,406 | |
| Other amounts payable | 47/48 | €21,948 | €25,944 | +€3,996 | +18.2% |
| Accrued charges and deferred income | 492/3 | €59 | €388 | +€329 | +555.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,950 | €816 | -€5,134 | -86.3% |
| Other operating charges | 640/8 | €1,614 | €1,039 | -€575 | -35.6% |
| Gross operating margin | 9900 | €53,275 | -€4,162 | -€57,438 | |
| Operating profit (loss) | 9901 | €45,712 | -€6,018 | -€51,729 | |
| Financial income | 75/76B | €2,958 | €78 | -€2,879 | -97.3% |
| Recurring financial income | 75 | €2,958 | €78 | -€2,879 | -97.3% |
| Financial charges | 65/66B | €14,023 | -€34 | -€14,058 | |
| Recurring financial charges | 65 | €14,023 | -€34 | -€14,058 | |
| Profit (loss) for the period before taxes | 9903 | €34,646 | -€5,905 | -€40,551 | |
| Income taxes | 67/77 | €303 | €149 | -€154 | -50.9% |
| Profit (loss) for the period | 9904 | €34,343 | -€6,054 | -€40,397 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,343 | -€6,054 | -€40,397 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.