ARVEST GROUP: 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.
What changed
ARVEST GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€66,555
2024 · €6,539-€73,094
Equity
€26.4m
2024 · €26.5m-€66,555
Cash
€549,786
2024 · €752,358-€202,572
Balance sheet total
€26.8m
2024 · €27.0m-€210,656
Largest movements
Assets
- Financial fixed assets +€641,881
up €641,881 (+2.6%), from €24.6m to €25.3m
- Receivables after one year -€575,576
down €575,576 (-50.2%), from €1.1m to €570,002
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€43,699
down €43,699, from €16,013 to -€27,686
- Financial income -€34,912
down €34,912 (-53.8%), from €64,916 to €30,004
of which Non-recurring financial income: -€30,000
- Financial charges -€9,295
down €9,295 (-18.2%), from €51,094 to €41,800
of which Non-recurring financial charges: -€20,205
- Taxes +€1,430
up €1,430 (+307%), from €466 to €1,896
- Depreciation -€639
down €639 (-3.2%), from €20,082 to €19,442
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.
Result 2024
€6,539
Gross operating margin
-€43,699
Depreciation
+€639
Other operating charges
-€32
Other operating items
-€2,955
Financial income
-€34,912
Financial charges
+€9,295
Taxes
-€1,430
Result 2025
-€66,555
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€664,486
Investment
-€847,556
Financing
-€19,501
Cash 2024
€752,358
From operations (derived)
+€664,486
Net result for the year
-€66,555
Depreciation
+€19,442
Receivables after one year
+€575,576
Receivables within one year
+€261,439
Smaller working-capital items
+€338
Tax, wage and social debts
+€14,112
Other debts
-€139,867
Investment (derived)
-€847,556
Investment in fixed assets (net)
-€647,556
Current investments
-€200,000
Financing
-€19,501
Debts after one year
-€16,987
Current portion of long-term debt
-€2,513
Cash 2025
€549,786
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,965,345 | €26,754,689 | -€210,656 | -0.8% |
| Fixed assets | 21/28 | €24,698,162 | €25,326,276 | +€628,114 | +2.5% |
| Tangible fixed assets | 22/27 | €58,127 | €44,360 | -€13,767 | -23.7% |
| Furniture and vehicles | 24 | €58,127 | €38,981 | -€19,146 | -32.9% |
| Other tangible fixed assets | 26 | - | €5,379 | +€5,379 | |
| Financial fixed assets | 28 | €24,640,035 | €25,281,916 | +€641,881 | +2.6% |
| Current assets | 29/58 | €2,267,182 | €1,428,412 | -€838,770 | -37.0% |
| Amounts receivable after more than one year | 29 | €1,145,579 | €570,002 | -€575,576 | -50.2% |
| Other amounts receivable | 291 | €1,145,579 | €570,002 | -€575,576 | -50.2% |
| Amounts receivable within one year | 40/41 | €369,246 | €107,806 | -€261,439 | -70.8% |
| Trade receivables | 40 | €102,459 | €92,934 | -€9,525 | -9.3% |
| Other amounts receivable | 41 | €266,787 | €14,872 | -€251,915 | -94.4% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €752,358 | €549,786 | -€202,572 | -26.9% |
| Deferred charges and accrued income | 490/1 | €0 | €818 | +€818 | |
| Total equity and liabilities | 10/49 | €26,965,345 | €26,754,689 | -€210,656 | -0.8% |
| Equity | 10/15 | €26,505,493 | €26,438,937 | -€66,555 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,015,860 | €1,015,860 | = | 0.0% |
| Distributable reserves | 133 | €1,015,860 | €1,015,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,471,033 | €25,404,477 | -€66,555 | -0.3% |
| Amounts payable | 17/49 | €459,852 | €315,752 | -€144,101 | -31.3% |
| Amounts payable after more than one year | 17 | €30,538 | €13,550 | -€16,987 | -55.6% |
| Financial debts | 170/4 | €30,538 | €13,550 | -€16,987 | -55.6% |
| Amounts payable within one year | 42/48 | €429,314 | €301,904 | -€127,410 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €19,501 | €16,987 | -€2,513 | -12.9% |
| Trade debts | 44 | €2,317 | €3,175 | +€859 | +37.1% |
| Suppliers | 440/4 | €2,317 | €3,175 | +€859 | +37.1% |
| Taxes, remuneration and social security | 45 | €4,994 | €19,106 | +€14,112 | +283% |
| Taxes | 450/3 | €4,994 | €19,106 | +€14,112 | +283% |
| Other amounts payable | 47/48 | €402,502 | €262,635 | -€139,867 | -34.7% |
| Accrued charges and deferred income | 492/3 | - | €297 | +€297 | |
| Non-recurring operating income | 76A | €49,836 | €13,142 | -€36,694 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,082 | €19,442 | -€639 | -3.2% |
| Other operating charges | 640/8 | €2,748 | €2,780 | +€32 | +1.2% |
| Non-recurring operating charges | 66A | €0 | €2,955 | +€2,955 | |
| Gross operating margin | 9900 | €16,013 | -€27,686 | -€43,699 | |
| Operating profit (loss) | 9901 | -€6,817 | -€52,864 | -€46,047 | -676% |
| Financial income | 75/76B | €64,916 | €30,004 | -€34,912 | -53.8% |
| Recurring financial income | 75 | €34,916 | €30,004 | -€4,912 | -14.1% |
| Non-recurring financial income | 76B | €30,000 | €0 | -€30,000 | -100% |
| Financial charges | 65/66B | €51,094 | €41,800 | -€9,295 | -18.2% |
| Recurring financial charges | 65 | €14,561 | €25,472 | +€10,911 | +74.9% |
| Non-recurring financial charges | 66B | €36,534 | €16,328 | -€20,205 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €7,005 | -€64,659 | -€71,664 | |
| Income taxes | 67/77 | €466 | €1,896 | +€1,430 | +307% |
| Profit (loss) for the period | 9904 | €6,539 | -€66,555 | -€73,094 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,539 | -€66,555 | -€73,094 |
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 23 October 2026 via checked.be.