ARVEA: 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.
ARVEA
Largest movements
- Cash -€16,047
down €16,047 (-47.4%), from €33,835 to €17,788
mainly Net result for the year (-€37,655) and Trade debts (-€4,596)
- Tangible fixed assets -€8,750
down €8,750 (-78.5%), from €11,141 to €2,391
- Receivables within one year -€1,012
down €1,012 (-9.5%), from €10,674 to €9,662
of which Other amounts receivable: -€1,132
- Profit (loss) carried forward -€37,655
down €37,655, from €26,371 to -€11,284
- Other debts +€16,445
up €16,445 (+119.2%), from €13,791 to €30,236
- Trade debts -€4,596
down €4,596 (-99.0%), from €4,642 to €46
- Short-term financial debts -€1,125
down €1,125 (-71.1%), from €1,583 to €458
- Accrued charges and deferred income +€980
up €980 (+252.9%), from €387 to €1,367
- Gross operating margin -€69,052
down €69,052, from €41,354 to -€27,698
- Taxes -€7,744
down €7,744 (-98.3%), from €7,875 to €132
- Depreciation +€2,391
up €2,391 (+37.6%), from €6,359 to €8,750
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 | €55,650 | €30,083 | -€25,566 | -45.9% |
| Fixed assets | 21/28 | €11,141 | €2,391 | -€8,750 | -78.5% |
| Tangible fixed assets | 22/27 | €11,141 | €2,391 | -€8,750 | -78.5% |
| Furniture and vehicles | 24 | €11,141 | €2,391 | -€8,750 | -78.5% |
| Current assets | 29/58 | €44,509 | €27,693 | -€16,816 | -37.8% |
| Amounts receivable within one year | 40/41 | €10,674 | €9,662 | -€1,012 | -9.5% |
| Trade receivables | 40 | €9,470 | €9,590 | +€120 | +1.3% |
| Other amounts receivable | 41 | €1,204 | €72 | -€1,132 | -94.0% |
| Cash at bank and in hand | 54/58 | €33,835 | €17,788 | -€16,047 | -47.4% |
| Deferred charges and accrued income | 490/1 | - | €242 | +€242 | |
| Total equity and liabilities | 10/49 | €55,650 | €30,083 | -€25,566 | -45.9% |
| Equity | 10/15 | €27,371 | -€10,284 | -€37,655 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,371 | -€11,284 | -€37,655 | |
| Amounts payable | 17/49 | €28,279 | €40,368 | +€12,088 | +42.7% |
| Amounts payable within one year | 42/48 | €27,892 | €39,000 | +€11,109 | +39.8% |
| Financial debts | 43 | €1,583 | €458 | -€1,125 | -71.1% |
| Credit institutions | 430/8 | €1,583 | €458 | -€1,125 | -71.1% |
| Trade debts | 44 | €4,642 | €46 | -€4,596 | -99.0% |
| Suppliers | 440/4 | €4,642 | €46 | -€4,596 | -99.0% |
| Taxes, remuneration and social security | 45 | €7,875 | €8,260 | +€384 | +4.9% |
| Taxes | 450/3 | €7,875 | €8,260 | +€384 | +4.9% |
| Other amounts payable | 47/48 | €13,791 | €30,236 | +€16,445 | +119.2% |
| Accrued charges and deferred income | 492/3 | €387 | €1,367 | +€980 | +252.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,359 | €8,750 | +€2,391 | +37.6% |
| Other operating charges | 640/8 | €619 | €575 | -€44 | -7.1% |
| Non-recurring operating charges | 66A | - | €70 | +€70 | |
| Gross operating margin | 9900 | €41,354 | -€27,698 | -€69,052 | |
| Operating profit (loss) | 9901 | €34,376 | -€37,093 | -€71,469 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €131 | €430 | +€300 | +229.7% |
| Recurring financial charges | 65 | €131 | €430 | +€300 | +229.7% |
| Profit (loss) for the period before taxes | 9903 | €34,246 | -€37,523 | -€71,769 | |
| Income taxes | 67/77 | €7,875 | €132 | -€7,744 | -98.3% |
| Profit (loss) for the period | 9904 | €26,371 | -€37,655 | -€64,025 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,371 | -€37,655 | -€64,025 |
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.