ARVI: what changed
Two fiscal 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.
ARVI
Largest movements
- Tangible fixed assets -€15,698
down €15,698 (-13.0%), from €120,387 to €104,689
of which Plant, machinery and equipment: -€9,791
- Deferred charges and accrued income +€9,313
up €9,313 (+469.5%), from €1,984 to €11,297
- Cash +€4,158
up €4,158 (+12.4%), from €33,590 to €37,748
mainly Depreciation (+€26,563) and Trade debts (+€9,256)
- Debts after one year -€9,803
down €9,803 (-32.1%), from €30,562 to €20,759
- Trade debts +€9,256
up €9,256 (+203.0%), from €4,560 to €13,815
- Other debts -€4,066
down €4,066 (-32.5%), from €12,500 to €8,434
- Tax, wage and social debts +€3,408
up €3,408 (+31.0%), from €11,011 to €14,419
of which Taxes: +€3,408
- Depreciation +€10,994
up €10,994 (+70.6%), from €15,569 to €26,563
- Staff costs +€5,192
up €5,192 (+33.2%), from €15,646 to €20,837
- Taxes -€2,743
down €2,743 (-27.2%), from €10,077 to €7,334
- Gross operating margin -€2,374
down €2,374 (-3.4%), from €69,028 to €66,654
- Financial charges +€2,145
up €2,145 (+128.4%), from €1,671 to €3,817
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 | €178,951 | €176,444 | -€2,508 | -1.4% |
| Fixed assets | 21/28 | €121,263 | €105,565 | -€15,698 | -12.9% |
| Tangible fixed assets | 22/27 | €120,387 | €104,689 | -€15,698 | -13.0% |
| Plant, machinery and equipment | 23 | €67,413 | €57,622 | -€9,791 | -14.5% |
| Furniture and vehicles | 24 | €52,974 | €47,067 | -€5,907 | -11.2% |
| Financial fixed assets | 28 | €876 | €876 | = | 0.0% |
| Current assets | 29/58 | €57,689 | €70,879 | +€13,190 | +22.9% |
| Stocks and contracts in progress | 3 | €3,080 | €2,612 | -€468 | -15.2% |
| Stocks | 30/36 | €3,080 | €2,612 | -€468 | -15.2% |
| Amounts receivable within one year | 40/41 | €19,035 | €19,223 | +€187 | +1.0% |
| Trade receivables | 40 | €9,954 | €14,812 | +€4,857 | +48.8% |
| Other amounts receivable | 41 | €9,081 | €4,411 | -€4,670 | -51.4% |
| Cash at bank and in hand | 54/58 | €33,590 | €37,748 | +€4,158 | +12.4% |
| Deferred charges and accrued income | 490/1 | €1,984 | €11,297 | +€9,313 | +469.5% |
| Total equity and liabilities | 10/49 | €178,951 | €176,444 | -€2,508 | -1.4% |
| Equity | 10/15 | €109,134 | €109,134 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,534 | €90,534 | = | 0.0% |
| Distributable reserves | 133 | €90,534 | €90,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €69,818 | €67,310 | -€2,508 | -3.6% |
| Amounts payable after more than one year | 17 | €30,562 | €20,759 | -€9,803 | -32.1% |
| Financial debts | 170/4 | €30,562 | €20,759 | -€9,803 | -32.1% |
| Amounts payable within one year | 42/48 | €39,200 | €46,471 | +€7,271 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €9,438 | €9,803 | +€365 | +3.9% |
| Financial debts | 43 | €1,692 | - | -€1,692 | |
| Credit institutions | 430/8 | €1,692 | - | -€1,692 | |
| Trade debts | 44 | €4,560 | €13,815 | +€9,256 | +203.0% |
| Suppliers | 440/4 | €4,560 | €13,815 | +€9,256 | +203.0% |
| Taxes, remuneration and social security | 45 | €11,011 | €14,419 | +€3,408 | +31.0% |
| Taxes | 450/3 | €11,011 | €14,419 | +€3,408 | +31.0% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €12,500 | €8,434 | -€4,066 | -32.5% |
| Accrued charges and deferred income | 492/3 | €55 | €80 | +€25 | +44.6% |
| Non-recurring operating income | 76A | - | €29 | +€29 | |
| Remuneration, social security and pensions | 62 | €15,646 | €20,837 | +€5,192 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,569 | €26,563 | +€10,994 | +70.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €210 | +€210 | |
| Other operating charges | 640/8 | €1,847 | €1,283 | -€565 | -30.6% |
| Non-recurring operating charges | 66A | - | €1,285 | +€1,285 | |
| Gross operating margin | 9900 | €69,028 | €66,654 | -€2,374 | -3.4% |
| Operating profit (loss) | 9901 | €35,966 | €16,476 | -€19,491 | -54.2% |
| Financial income | 75/76B | €421 | €185 | -€236 | -56.0% |
| Recurring financial income | 75 | €421 | €185 | -€236 | -56.0% |
| Financial charges | 65/66B | €1,671 | €3,817 | +€2,145 | +128.4% |
| Recurring financial charges | 65 | €1,671 | €3,817 | +€2,145 | +128.4% |
| Profit (loss) for the period before taxes | 9903 | €34,716 | €12,844 | -€21,872 | -63.0% |
| Income taxes | 67/77 | €10,077 | €7,334 | -€2,743 | -27.2% |
| Profit (loss) for the period | 9904 | €24,639 | €5,510 | -€19,129 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,639 | €5,510 | -€19,129 | -77.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.