ARVO BUILD: 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.
ARVO BUILD
Largest movements
- Receivables within one year -€15,625
down €15,625 (-8.6%), from €180,639 to €165,014
of which Trade receivables: -€23,500
- Tangible fixed assets -€7,000
down €7,000 (-19.7%), from €35,498 to €28,497
of which Furniture and vehicles: -€5,691
- Deferred charges and accrued income -€6,862
down €6,862 (-25.9%), from €26,472 to €19,610
- Trade debts -€25,334
down €25,334 (-77.4%), from €32,737 to €7,404
- Profit (loss) carried forward -€14,759
down €14,759 (-8.4%), from €176,684 to €161,925
- Tax, wage and social debts +€8,895
up €8,895 (+256%), from €3,478 to €12,373
of which Remuneration and social security: +€10,291
- Gross operating margin -€60,612
down €60,612 (-93.0%), from €65,146 to €4,534
- Taxes -€10,332
down €10,332 (-90.6%), from €11,401 to €1,069
- Write-downs -€3,164
down €3,164, from €1,582 to -€1,582
- Depreciation +€995
up €995 (+7.1%), from €14,005 to €15,000
- Other operating charges +€827
up €827 (+31.7%), from €2,605 to €3,432
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 | €271,954 | €241,858 | -€30,096 | -11.1% |
| Fixed assets | 21/28 | €35,498 | €28,497 | -€7,000 | -19.7% |
| Tangible fixed assets | 22/27 | €35,498 | €28,497 | -€7,000 | -19.7% |
| Plant, machinery and equipment | 23 | €1,896 | €586 | -€1,309 | -69.1% |
| Furniture and vehicles | 24 | €33,602 | €27,911 | -€5,691 | -16.9% |
| Current assets | 29/58 | €236,456 | €213,360 | -€23,096 | -9.8% |
| Stocks and contracts in progress | 3 | €4,002 | €6,002 | +€2,000 | +50.0% |
| Stocks | 30/36 | €4,002 | €6,002 | +€2,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €180,639 | €165,014 | -€15,625 | -8.6% |
| Trade receivables | 40 | €173,131 | €149,631 | -€23,500 | -13.6% |
| Other amounts receivable | 41 | €7,508 | €15,383 | +€7,875 | +105% |
| Cash at bank and in hand | 54/58 | €25,343 | €22,734 | -€2,609 | -10.3% |
| Deferred charges and accrued income | 490/1 | €26,472 | €19,610 | -€6,862 | -25.9% |
| Total equity and liabilities | 10/49 | €271,954 | €241,858 | -€30,096 | -11.1% |
| Equity | 10/15 | €235,242 | €220,483 | -€14,759 | -6.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €48,558 | €48,558 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €28,558 | €28,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,684 | €161,925 | -€14,759 | -8.4% |
| Amounts payable | 17/49 | €36,712 | €21,375 | -€15,337 | -41.8% |
| Amounts payable within one year | 42/48 | €36,712 | €21,375 | -€15,337 | -41.8% |
| Trade debts | 44 | €32,737 | €7,404 | -€25,334 | -77.4% |
| Suppliers | 440/4 | €32,737 | €7,404 | -€25,334 | -77.4% |
| Taxes, remuneration and social security | 45 | €3,478 | €12,373 | +€8,895 | +256% |
| Taxes | 450/3 | €1,407 | €11 | -€1,395 | -99.2% |
| Remuneration and social security | 454/9 | €2,071 | €12,362 | +€10,291 | +497% |
| Other amounts payable | 47/48 | €497 | €1,598 | +€1,101 | +222% |
| Non-recurring operating income | 76A | - | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,005 | €15,000 | +€995 | +7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,582 | -€1,582 | -€3,164 | |
| Other operating charges | 640/8 | €2,605 | €3,432 | +€827 | +31.7% |
| Non-recurring operating charges | 66A | €3,354 | - | -€3,354 | |
| Gross operating margin | 9900 | €65,146 | €4,534 | -€60,612 | -93.0% |
| Operating profit (loss) | 9901 | €43,600 | -€12,316 | -€55,916 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €1,723 | €1,374 | -€349 | -20.3% |
| Recurring financial charges | 65 | €1,723 | €1,374 | -€349 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €41,877 | -€13,690 | -€55,567 | |
| Income taxes | 67/77 | €11,401 | €1,069 | -€10,332 | -90.6% |
| Profit (loss) for the period | 9904 | €30,476 | -€14,759 | -€45,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,476 | -€14,759 | -€45,235 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.