ARVAST: 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.
ARVAST
Largest movements
- Receivables within one year -€31,039
down €31,039 (-73.3%), from €42,367 to €11,329
of which Other amounts receivable: -€32,267
- Receivables after one year +€21,260
new in 2025: €21,260
- Tangible fixed assets -€8,832
down €8,832 (-3.4%), from €257,773 to €248,941
- Other debts -€171,149
no longer reported in 2025 (was €171,149)
- Debts after one year +€155,443
up €155,443 (+156.0%), from €99,637 to €255,080
- Gross operating margin -€562
down €562 (-3.1%), from €17,883 to €17,321
- Financial charges -€440
down €440 (-6.3%), from €6,979 to €6,539
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 | €300,252 | €281,674 | -€18,579 | -6.2% |
| Fixed assets | 21/28 | €257,773 | €248,941 | -€8,832 | -3.4% |
| Tangible fixed assets | 22/27 | €257,773 | €248,941 | -€8,832 | -3.4% |
| Land and buildings | 22 | €257,773 | €248,941 | -€8,832 | -3.4% |
| Current assets | 29/58 | €42,479 | €32,733 | -€9,746 | -22.9% |
| Amounts receivable after more than one year | 29 | - | €21,260 | +€21,260 | |
| Other amounts receivable | 291 | - | €21,260 | +€21,260 | |
| Amounts receivable within one year | 40/41 | €42,367 | €11,329 | -€31,039 | -73.3% |
| Trade receivables | 40 | €10,100 | €11,329 | +€1,229 | +12.2% |
| Other amounts receivable | 41 | €32,267 | - | -€32,267 | |
| Cash at bank and in hand | 54/58 | €112 | €144 | +€32 | +28.8% |
| Total equity and liabilities | 10/49 | €300,252 | €281,674 | -€18,579 | -6.2% |
| Equity | 10/15 | €5,469 | €5,624 | +€155 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€731 | -€576 | +€155 | +21.2% |
| Amounts payable | 17/49 | €294,783 | €276,049 | -€18,734 | -6.4% |
| Amounts payable after more than one year | 17 | €99,637 | €255,080 | +€155,443 | +156.0% |
| Financial debts | 170/4 | €99,637 | €255,080 | +€155,443 | +156.0% |
| Amounts payable within one year | 42/48 | €192,580 | €20,969 | -€171,611 | -89.1% |
| Current portion of amounts payable after more than one year | 42 | €20,169 | €20,858 | +€689 | +3.4% |
| Trade debts | 44 | €1,262 | €111 | -€1,151 | -91.2% |
| Suppliers | 440/4 | €1,262 | €111 | -€1,151 | -91.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €171,149 | - | -€171,149 | |
| Accrued charges and deferred income | 492/3 | €2,566 | - | -€2,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,832 | €8,832 | = | 0.0% |
| Other operating charges | 640/8 | €2,366 | €2,193 | -€173 | -7.3% |
| Gross operating margin | 9900 | €17,883 | €17,321 | -€562 | -3.1% |
| Operating profit (loss) | 9901 | €6,685 | €6,295 | -€389 | -5.8% |
| Financial income | 75/76B | €470 | €398 | -€71 | -15.1% |
| Recurring financial income | 75 | €470 | €398 | -€71 | -15.1% |
| Financial charges | 65/66B | €6,979 | €6,539 | -€440 | -6.3% |
| Recurring financial charges | 65 | €6,979 | €6,539 | -€440 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €175 | €155 | -€20 | -11.6% |
| Profit (loss) for the period | 9904 | €175 | €155 | -€20 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €175 | €155 | -€20 | -11.6% |
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 10 October 2026 via checked.be.