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 -€30,237
down €30,237 (-10.4%), from €290,346 to €260,109
of which Land and buildings: -€23,317
- Reserves -€33,410
down €33,410 (-15.8%), from €212,046 to €178,637
- Debts after one year -€24,516
down €24,516 (-50.6%), from €48,432 to €23,917
- Other debts +€22,995
up €22,995 (+38.9%), from €59,094 to €82,088
- Short-term financial debts +€5,740
new in 2025: €5,740
- Gross operating margin -€18,331
down €18,331 (-17.2%), from €106,868 to €88,537
- Depreciation -€4,724
down €4,724 (-12.9%), from €36,540 to €31,816
- Taxes -€2,971
down €2,971 (-17.0%), from €17,452 to €14,481
- Other operating charges +€2,324
up €2,324 (+69.6%), from €3,339 to €5,663
- Financial charges -€1,233
down €1,233 (-35.6%), from €3,462 to €2,229
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 | €380,927 | €348,152 | -€32,775 | -8.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €290,346 | €260,109 | -€30,237 | -10.4% |
| Tangible fixed assets | 22/27 | €290,346 | €260,109 | -€30,237 | -10.4% |
| Land and buildings | 22 | €276,201 | €252,883 | -€23,317 | -8.4% |
| Plant, machinery and equipment | 23 | €8,692 | €6,009 | -€2,683 | -30.9% |
| Furniture and vehicles | 24 | €5,453 | €1,217 | -€4,236 | -77.7% |
| Current assets | 29/58 | €90,581 | €88,043 | -€2,538 | -2.8% |
| Amounts receivable within one year | 40/41 | €1,072 | €2,403 | +€1,331 | +124.2% |
| Trade receivables | 40 | €1,072 | - | -€1,072 | |
| Other amounts receivable | 41 | - | €2,403 | +€2,403 | |
| Cash at bank and in hand | 54/58 | €69,661 | €68,747 | -€915 | -1.3% |
| Deferred charges and accrued income | 490/1 | €19,847 | €16,893 | -€2,954 | -14.9% |
| Total equity and liabilities | 10/49 | €380,927 | €348,152 | -€32,775 | -8.6% |
| Equity | 10/15 | €224,446 | €191,037 | -€33,410 | -14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €212,046 | €178,637 | -€33,410 | -15.8% |
| Distributable reserves | 133 | €212,046 | €178,637 | -€33,410 | -15.8% |
| Amounts payable | 17/49 | €156,480 | €157,115 | +€635 | +0.4% |
| Amounts payable after more than one year | 17 | €48,432 | €23,917 | -€24,516 | -50.6% |
| Financial debts | 170/4 | €48,432 | €23,917 | -€24,516 | -50.6% |
| Amounts payable within one year | 42/48 | €108,044 | €133,197 | +€25,153 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €29,923 | €26,837 | -€3,086 | -10.3% |
| Financial debts | 43 | - | €5,740 | +€5,740 | |
| Credit institutions | 430/8 | - | €5,740 | +€5,740 | |
| Trade debts | 44 | €4,001 | €3,651 | -€351 | -8.8% |
| Suppliers | 440/4 | €4,001 | €3,651 | -€351 | -8.8% |
| Taxes, remuneration and social security | 45 | €15,026 | €14,880 | -€145 | -1.0% |
| Taxes | 450/3 | €10,072 | €9,811 | -€261 | -2.6% |
| Remuneration and social security | 454/9 | €4,954 | €5,070 | +€116 | +2.3% |
| Other amounts payable | 47/48 | €59,094 | €82,088 | +€22,995 | +38.9% |
| Accrued charges and deferred income | 492/3 | €4 | €2 | -€2 | -57.2% |
| Remuneration, social security and pensions | 62 | €7,896 | €7,457 | -€439 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,540 | €31,816 | -€4,724 | -12.9% |
| Other operating charges | 640/8 | €3,339 | €5,663 | +€2,324 | +69.6% |
| Gross operating margin | 9900 | €106,868 | €88,537 | -€18,331 | -17.2% |
| Operating profit (loss) | 9901 | €59,092 | €43,600 | -€15,492 | -26.2% |
| Financial income | 75/76B | €171 | €414 | +€243 | +142.2% |
| Recurring financial income | 75 | €171 | €414 | +€243 | +142.2% |
| Financial charges | 65/66B | €3,462 | €2,229 | -€1,233 | -35.6% |
| Recurring financial charges | 65 | €3,462 | €2,229 | -€1,233 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €55,801 | €41,785 | -€14,016 | -25.1% |
| Income taxes | 67/77 | €17,452 | €14,481 | -€2,971 | -17.0% |
| Profit (loss) for the period | 9904 | €38,349 | €27,304 | -€11,045 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,349 | €27,304 | -€11,045 | -28.8% |
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.