ARVETIA: 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.
ARVETIA
Largest movements
- Intangible fixed assets -€93,000
down €93,000 (-45.2%), from €205,677 to €112,677
- Cash +€38,492
up €38,492 (+476%), from €8,092 to €46,584
mainly Depreciation (+€142,922) and Net result for the year (+€63,286)
- Receivables within one year +€31,478
up €31,478 (+19.0%), from €165,890 to €197,368
of which Trade receivables: +€35,321
- Tangible fixed assets -€19,008
down €19,008 (-8.2%), from €230,693 to €211,685
- Deferred charges and accrued income +€9,150
up €9,150 (+367%), from €2,496 to €11,646
- Debts after one year -€110,127
down €110,127 (-28.1%), from €391,558 to €281,431
- Profit (loss) carried forward +€33,286
up €33,286 (+127%), from €26,150 to €59,436
- Other debts +€24,501
up €24,501 (+24,748%), from €99 to €24,600
- Tax, wage and social debts -€15,654
down €15,654 (-32.2%), from €48,587 to €32,933
of which Taxes: -€10,709
- Accrued charges and deferred income +€15,316
up €15,316 (+1,678%), from €913 to €16,229
- Gross operating margin +€142,437
up €142,437 (+43.0%), from €331,508 to €473,945
- Staff costs +€58,553
up €58,553 (+33.5%), from €174,717 to €233,270
- Depreciation +€23,830
up €23,830 (+20.0%), from €119,092 to €142,922
- Taxes +€15,694
up €15,694 (+319%), from €4,919 to €20,613
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 | €674,532 | €634,347 | -€40,185 | -6.0% |
| Fixed assets | 21/28 | €438,778 | €326,770 | -€112,008 | -25.5% |
| Intangible fixed assets | 21 | €205,677 | €112,677 | -€93,000 | -45.2% |
| Tangible fixed assets | 22/27 | €230,693 | €211,685 | -€19,008 | -8.2% |
| Land and buildings | 22 | €122,188 | €114,648 | -€7,540 | -6.2% |
| Plant, machinery and equipment | 23 | €84,414 | €79,329 | -€5,085 | -6.0% |
| Furniture and vehicles | 24 | €24,091 | €17,708 | -€6,383 | -26.5% |
| Financial fixed assets | 28 | €2,408 | €2,408 | = | 0.0% |
| Current assets | 29/58 | €235,754 | €307,577 | +€71,823 | +30.5% |
| Stocks and contracts in progress | 3 | €59,276 | €51,979 | -€7,297 | -12.3% |
| Stocks | 30/36 | €59,276 | €51,979 | -€7,297 | -12.3% |
| Amounts receivable within one year | 40/41 | €165,890 | €197,368 | +€31,478 | +19.0% |
| Trade receivables | 40 | €14,552 | €49,873 | +€35,321 | +243% |
| Other amounts receivable | 41 | €151,338 | €147,495 | -€3,843 | -2.5% |
| Cash at bank and in hand | 54/58 | €8,092 | €46,584 | +€38,492 | +476% |
| Deferred charges and accrued income | 490/1 | €2,496 | €11,646 | +€9,150 | +367% |
| Total equity and liabilities | 10/49 | €674,532 | €634,347 | -€40,185 | -6.0% |
| Equity | 10/15 | €96,950 | €130,236 | +€33,286 | +34.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,800 | €60,800 | = | 0.0% |
| Distributable reserves | 133 | €60,800 | €60,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,150 | €59,436 | +€33,286 | +127% |
| Amounts payable | 17/49 | €577,582 | €504,111 | -€73,471 | -12.7% |
| Amounts payable after more than one year | 17 | €391,558 | €281,431 | -€110,127 | -28.1% |
| Financial debts | 170/4 | €391,558 | €281,431 | -€110,127 | -28.1% |
| Amounts payable within one year | 42/48 | €185,111 | €206,451 | +€21,340 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €112,203 | €113,911 | +€1,708 | +1.5% |
| Trade debts | 44 | €24,222 | €35,007 | +€10,785 | +44.5% |
| Suppliers | 440/4 | €24,222 | €35,007 | +€10,785 | +44.5% |
| Taxes, remuneration and social security | 45 | €48,587 | €32,933 | -€15,654 | -32.2% |
| Taxes | 450/3 | €19,353 | €8,644 | -€10,709 | -55.3% |
| Remuneration and social security | 454/9 | €29,234 | €24,289 | -€4,945 | -16.9% |
| Other amounts payable | 47/48 | €99 | €24,600 | +€24,501 | +24,748% |
| Accrued charges and deferred income | 492/3 | €913 | €16,229 | +€15,316 | +1,678% |
| Non-recurring operating income | 76A | - | €1,714 | +€1,714 | |
| Remuneration, social security and pensions | 62 | €174,717 | €233,270 | +€58,553 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,092 | €142,922 | +€23,830 | +20.0% |
| Other operating charges | 640/8 | €2,962 | €3,903 | +€941 | +31.8% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €331,508 | €473,945 | +€142,437 | +43.0% |
| Operating profit (loss) | 9901 | €34,737 | €93,750 | +€59,013 | +170% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €6,778 | €9,908 | +€3,130 | +46.2% |
| Recurring financial charges | 65 | €6,778 | €9,908 | +€3,130 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €27,959 | €83,899 | +€55,940 | +200% |
| Income taxes | 67/77 | €4,919 | €20,613 | +€15,694 | +319% |
| Profit (loss) for the period | 9904 | €23,040 | €63,286 | +€40,246 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €23,040 | €63,286 | +€40,246 | +175% |
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 13 October 2026 via checked.be.