ARVAPRO: what changed
ARVAPRO
Largest movements
- Tangible fixed assets +€55,029
up €55,029 (+190%), from €28,906 to €83,935
of which Furniture and vehicles: +€59,899
- Receivables within one year -€28,646
down €28,646 (-48.5%), from €59,036 to €30,390
of which Trade receivables: -€24,940
- Cash +€24,269
up €24,269 (+51.3%), from €47,295 to €71,564
mainly Debts after one year (+€32,689) and Receivables within one year (+€28,646)
- Deferred charges and accrued income +€5,854
up €5,854 (+93.3%), from €6,273 to €12,127
- Debts after one year +€32,689
up €32,689 (+408%), from €8,003 to €40,692
- Accrued charges and deferred income +€14,160
new in 2025: €14,160
- Current portion of long-term debt +€12,357
up €12,357 (+157%), from €7,858 to €20,215
- Trade debts -€8,352
down €8,352 (-63.9%), from €13,075 to €4,723
- Reserves +€7,585
up €7,585 (+6.6%), from €114,838 to €122,424
- Gross operating margin +€17,002
up €17,002 (+34.5%), from €49,324 to €66,326
- Depreciation +€15,158
up €15,158 (+116%), from €13,021 to €28,180
- Financial charges +€2,183
up €2,183 (+439%), from €497 to €2,680
- Taxes +€1,338
up €1,338 (+16.1%), from €8,326 to €9,664
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,162 | €208,019 | +€57,857 | +38.5% |
| Fixed assets | 21/28 | €29,552 | €84,372 | +€54,820 | +186% |
| Intangible fixed assets | 21 | €646 | €36 | -€609 | -94.4% |
| Tangible fixed assets | 22/27 | €28,906 | €83,935 | +€55,029 | +190% |
| Plant, machinery and equipment | 23 | €6,637 | €9,485 | +€2,848 | +42.9% |
| Furniture and vehicles | 24 | €6,643 | €66,542 | +€59,899 | +902% |
| Leasing and similar rights | 25 | €15,627 | €7,909 | -€7,718 | -49.4% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €120,610 | €123,647 | +€3,037 | +2.5% |
| Stocks and contracts in progress | 3 | €8,005 | €9,565 | +€1,560 | +19.5% |
| Stocks | 30/36 | €8,005 | €9,565 | +€1,560 | +19.5% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €59,036 | €30,390 | -€28,646 | -48.5% |
| Trade receivables | 40 | €55,171 | €30,231 | -€24,940 | -45.2% |
| Other amounts receivable | 41 | €3,866 | €159 | -€3,706 | -95.9% |
| Cash at bank and in hand | 54/58 | €47,295 | €71,564 | +€24,269 | +51.3% |
| Deferred charges and accrued income | 490/1 | €6,273 | €12,127 | +€5,854 | +93.3% |
| Total equity and liabilities | 10/49 | €150,162 | €208,019 | +€57,857 | +38.5% |
| Equity | 10/15 | €119,838 | €127,424 | +€7,585 | +6.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €114,838 | €122,424 | +€7,585 | +6.6% |
| Distributable reserves | 133 | €114,838 | €122,424 | +€7,585 | +6.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,323 | €80,595 | +€50,272 | +166% |
| Amounts payable after more than one year | 17 | €8,003 | €40,692 | +€32,689 | +408% |
| Financial debts | 170/4 | €8,003 | €40,692 | +€32,689 | +408% |
| Amounts payable within one year | 42/48 | €22,320 | €25,743 | +€3,422 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €7,858 | €20,215 | +€12,357 | +157% |
| Trade debts | 44 | €13,075 | €4,723 | -€8,352 | -63.9% |
| Suppliers | 440/4 | €13,075 | €4,723 | -€8,352 | -63.9% |
| Taxes, remuneration and social security | 45 | €750 | €750 | = | 0.0% |
| Taxes | 450/3 | €750 | €750 | = | 0.0% |
| Other amounts payable | 47/48 | €637 | €55 | -€582 | -91.3% |
| Accrued charges and deferred income | 492/3 | - | €14,160 | +€14,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,021 | €28,180 | +€15,158 | +116% |
| Other operating charges | 640/8 | €904 | €1,090 | +€186 | +20.6% |
| Gross operating margin | 9900 | €49,324 | €66,326 | +€17,002 | +34.5% |
| Operating profit (loss) | 9901 | €35,399 | €37,057 | +€1,658 | +4.7% |
| Financial income | 75/76B | €980 | €520 | -€460 | -46.9% |
| Recurring financial income | 75 | €980 | €520 | -€460 | -46.9% |
| Financial charges | 65/66B | €497 | €2,680 | +€2,183 | +439% |
| Recurring financial charges | 65 | €497 | €2,680 | +€2,183 | +439% |
| Profit (loss) for the period before taxes | 9903 | €35,882 | €34,897 | -€985 | -2.7% |
| Income taxes | 67/77 | €8,326 | €9,664 | +€1,338 | +16.1% |
| Profit (loss) for the period | 9904 | €27,555 | €25,232 | -€2,323 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,555 | €25,232 | -€2,323 | -8.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.