ARVET: 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.
ARVET
Largest movements
- Receivables within one year -€11,383
down €11,383 (-64.6%), from €17,625 to €6,242
of which Other amounts receivable: -€9,383
- Cash +€8,610
up €8,610 (+16.8%), from €51,340 to €59,950
mainly Receivables within one year (+€11,383) and Trade debts (+€8,819)
- Tangible fixed assets -€1,552
down €1,552 (-46.2%), from €3,362 to €1,810
- Trade debts +€8,819
up €8,819 (+17.4%), from €50,718 to €59,537
of which Bills of exchange payable: +€54,000
- Debts after one year -€6,845
no longer reported in 2025 (was €6,845)
- Profit (loss) carried forward -€5,121
down €5,121 (-9.9%), from -€51,886 to -€57,006
- Tax, wage and social debts -€1,178
down €1,178 (-35.0%), from €3,366 to €2,188
- Turnover -€127,920
down €127,920 (-33.6%), from €380,552 to €252,632
- Purchases and services +€54,664
up €54,664 (+27.2%), from €200,800 to €255,464
- Gross operating margin -€21,436
down €21,436 (-90.8%), from €23,612 to €2,175
- Financial charges -€6,228
down €6,228 (-64.3%), from €9,690 to €3,462
- Taxes -€4,309
down €4,309 (-84.0%), from €5,131 to €822
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,327 | €68,002 | -€4,325 | -6.0% |
| Fixed assets | 21/28 | €3,362 | €1,810 | -€1,552 | -46.2% |
| Tangible fixed assets | 22/27 | €3,362 | €1,810 | -€1,552 | -46.2% |
| Furniture and vehicles | 24 | €3,362 | €1,810 | -€1,552 | -46.2% |
| Current assets | 29/58 | €68,965 | €66,192 | -€2,773 | -4.0% |
| Amounts receivable within one year | 40/41 | €17,625 | €6,242 | -€11,383 | -64.6% |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €15,625 | €6,242 | -€9,383 | -60.1% |
| Cash at bank and in hand | 54/58 | €51,340 | €59,950 | +€8,610 | +16.8% |
| Total equity and liabilities | 10/49 | €72,327 | €68,002 | -€4,325 | -6.0% |
| Equity | 10/15 | €11,398 | €6,278 | -€5,121 | -44.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,284 | €1,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,284 | €1,284 | = | 0.0% |
| Legal reserve | 130 | €1,284 | €1,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,886 | -€57,006 | -€5,121 | -9.9% |
| Amounts payable | 17/49 | €60,928 | €61,724 | +€796 | +1.3% |
| Amounts payable after more than one year | 17 | €6,845 | - | -€6,845 | |
| Other amounts payable | 178/9 | €6,845 | - | -€6,845 | |
| Amounts payable within one year | 42/48 | €54,083 | €61,724 | +€7,641 | +14.1% |
| Trade debts | 44 | €50,718 | €59,537 | +€8,819 | +17.4% |
| Suppliers | 440/4 | €50,718 | €5,537 | -€45,181 | -89.1% |
| Bills of exchange payable | 441 | - | €54,000 | +€54,000 | |
| Taxes, remuneration and social security | 45 | €3,366 | €2,188 | -€1,178 | -35.0% |
| Taxes | 450/3 | €3,366 | €2,188 | -€1,178 | -35.0% |
| Turnover | 70 | €380,552 | €252,632 | -€127,920 | -33.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €200,800 | €255,464 | +€54,664 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,505 | €1,552 | +€47 | +3.1% |
| Other operating charges | 640/8 | €1,987 | €2,256 | +€269 | +13.5% |
| Gross operating margin | 9900 | €23,612 | €2,175 | -€21,436 | -90.8% |
| Operating profit (loss) | 9901 | €20,120 | -€1,632 | -€21,752 | |
| Financial income | 75/76B | €1,344 | €796 | -€548 | -40.8% |
| Recurring financial income | 75 | €1,344 | €796 | -€548 | -40.8% |
| Financial charges | 65/66B | €9,690 | €3,462 | -€6,228 | -64.3% |
| Recurring financial charges | 65 | €9,690 | €3,462 | -€6,228 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €11,774 | -€4,299 | -€16,073 | |
| Income taxes | 67/77 | €5,131 | €822 | -€4,309 | -84.0% |
| Profit (loss) for the period | 9904 | €6,644 | -€5,121 | -€11,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,644 | -€5,121 | -€11,764 |
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 14 October 2026 via checked.be.