ARVEN: 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.
ARVEN
Largest movements
- Tangible fixed assets +€13,860
up €13,860 (+11.6%), from €119,658 to €133,518
of which Other tangible fixed assets: +€15,015
- Cash -€11,070
down €11,070 (-17.5%), from €63,299 to €52,229
mainly Investment in fixed assets (net) (-€16,975) and Receivables within one year (-€1,974)
- Receivables after one year -€6,000
down €6,000 (-9.2%), from €65,500 to €59,500
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€8,250
up €8,250, from -€5,590 to €2,660
- Other operating charges +€1,226
up €1,226 (+57.3%), from €2,140 to €3,366
- Depreciation +€815
up €815 (+35.4%), from €2,300 to €3,115
- Financial income -€635
down €635 (-21.9%), from €2,895 to €2,260
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 | €251,157 | €249,921 | -€1,236 | -0.5% |
| Fixed assets | 21/28 | €119,658 | €133,518 | +€13,860 | +11.6% |
| Tangible fixed assets | 22/27 | €119,658 | €133,518 | +€13,860 | +11.6% |
| Land and buildings | 22 | €108,713 | €107,621 | -€1,092 | -1.0% |
| Other tangible fixed assets | 26 | €10,874 | €25,889 | +€15,015 | +138.1% |
| Assets under construction and advance payments | 27 | €71 | €8 | -€63 | -88.7% |
| Current assets | 29/58 | €131,499 | €116,403 | -€15,096 | -11.5% |
| Amounts receivable after more than one year | 29 | €65,500 | €59,500 | -€6,000 | -9.2% |
| Other amounts receivable | 291 | €65,500 | €59,500 | -€6,000 | -9.2% |
| Amounts receivable within one year | 40/41 | €2,700 | €4,674 | +€1,974 | +73.1% |
| Other amounts receivable | 41 | €2,700 | €4,674 | +€1,974 | +73.1% |
| Cash at bank and in hand | 54/58 | €63,299 | €52,229 | -€11,070 | -17.5% |
| Total equity and liabilities | 10/49 | €251,157 | €249,921 | -€1,236 | -0.5% |
| Equity | 10/15 | €243,299 | €241,623 | -€1,676 | -0.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €188,694 | €188,694 | = | 0.0% |
| Distributable reserves | 133 | €188,694 | €188,694 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,618 | €21,942 | -€1,676 | -7.1% |
| Amounts payable | 17/49 | €7,858 | €8,298 | +€440 | +5.6% |
| Amounts payable within one year | 42/48 | €7,858 | €8,298 | +€440 | +5.6% |
| Trade debts | 44 | €182 | €520 | +€338 | +185.7% |
| Suppliers | 440/4 | €182 | €520 | +€338 | +185.7% |
| Other amounts payable | 47/48 | €7,676 | €7,778 | +€102 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,300 | €3,115 | +€815 | +35.4% |
| Other operating charges | 640/8 | €2,140 | €3,366 | +€1,226 | +57.3% |
| Gross operating margin | 9900 | -€5,590 | €2,660 | +€8,250 | |
| Operating profit (loss) | 9901 | -€10,030 | -€3,821 | +€6,209 | +61.9% |
| Financial income | 75/76B | €2,895 | €2,260 | -€635 | -21.9% |
| Recurring financial income | 75 | €2,895 | €2,260 | -€635 | -21.9% |
| Financial charges | 65/66B | €111 | €115 | +€4 | +3.6% |
| Recurring financial charges | 65 | €111 | €115 | +€4 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,246 | -€1,676 | +€5,570 | +76.9% |
| Profit (loss) for the period | 9904 | -€7,246 | -€1,676 | +€5,570 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,246 | -€1,676 | +€5,570 | +76.9% |
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 12 October 2026 via checked.be.