Arvo Terra: 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 Terra
Largest movements
- Tangible fixed assets -€27,175
down €27,175 (-2.8%), from €963,915 to €936,740
of which Land and buildings: -€26,981
- Receivables within one year -€14,465
down €14,465 (-96.4%), from €15,001 to €537
of which Other amounts receivable: -€14,385
- Debts after one year -€42,583
down €42,583 (-5.5%), from €769,281 to €726,697
- Other operating charges +€3,469
up €3,469 (+93.5%), from €3,710 to €7,178
- Gross operating margin -€2,623
down €2,623 (-4.9%), from €53,337 to €50,714
- Financial charges +€1,466
up €1,466 (+11.1%), from €13,235 to €14,701
- Taxes -€1,144
down €1,144 (-51.9%), from €2,204 to €1,060
- Financial income -€1,081
no longer reported in 2025 (was €1,081)
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 | €984,646 | €947,561 | -€37,084 | -3.8% |
| Fixed assets | 21/28 | €963,915 | €936,740 | -€27,175 | -2.8% |
| Tangible fixed assets | 22/27 | €963,915 | €936,740 | -€27,175 | -2.8% |
| Land and buildings | 22 | €963,611 | €936,630 | -€26,981 | -2.8% |
| Plant, machinery and equipment | 23 | €304 | €111 | -€193 | -63.6% |
| Current assets | 29/58 | €20,731 | €10,821 | -€9,909 | -47.8% |
| Amounts receivable within one year | 40/41 | €15,001 | €537 | -€14,465 | -96.4% |
| Trade receivables | 40 | €80 | - | -€80 | |
| Other amounts receivable | 41 | €14,922 | €537 | -€14,385 | -96.4% |
| Cash at bank and in hand | 54/58 | €4,676 | €9,330 | +€4,654 | +99.5% |
| Deferred charges and accrued income | 490/1 | €1,054 | €955 | -€99 | -9.4% |
| Total equity and liabilities | 10/49 | €984,646 | €947,561 | -€37,084 | -3.8% |
| Equity | 10/15 | €86,304 | €87,482 | +€1,178 | +1.4% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €72,936 | €71,203 | -€1,733 | -2.4% |
| Tax-exempt reserves | 132 | €53,772 | €52,038 | -€1,733 | -3.2% |
| Distributable reserves | 133 | €19,164 | €19,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,869 | €11,780 | +€2,911 | +32.8% |
| Provisions and deferred taxes | 16 | €17,924 | €17,346 | -€578 | -3.2% |
| Deferred taxes | 168 | €17,924 | €17,346 | -€578 | -3.2% |
| Amounts payable | 17/49 | €880,417 | €842,733 | -€37,684 | -4.3% |
| Amounts payable after more than one year | 17 | €769,281 | €726,697 | -€42,583 | -5.5% |
| Financial debts | 170/4 | €769,281 | €726,697 | -€42,583 | -5.5% |
| Amounts payable within one year | 42/48 | €111,136 | €116,036 | +€4,899 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €41,945 | €42,583 | +€638 | +1.5% |
| Trade debts | 44 | €681 | €813 | +€132 | +19.4% |
| Suppliers | 440/4 | €681 | €813 | +€132 | +19.4% |
| Taxes, remuneration and social security | 45 | €80 | €1,140 | +€1,060 | +1,325% |
| Taxes | 450/3 | €80 | €1,140 | +€1,060 | +1,325% |
| Other amounts payable | 47/48 | €68,430 | €71,499 | +€3,069 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,388 | €27,175 | -€213 | -0.8% |
| Other operating charges | 640/8 | €3,710 | €7,178 | +€3,469 | +93.5% |
| Gross operating margin | 9900 | €53,337 | €50,714 | -€2,623 | -4.9% |
| Operating profit (loss) | 9901 | €22,239 | €16,361 | -€5,878 | -26.4% |
| Financial income | 75/76B | €1,081 | - | -€1,081 | |
| Recurring financial income | 75 | €1,081 | - | -€1,081 | |
| Financial charges | 65/66B | €13,235 | €14,701 | +€1,466 | +11.1% |
| Recurring financial charges | 65 | €13,235 | €14,701 | +€1,466 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €10,085 | €1,660 | -€8,425 | -83.5% |
| Transfer from deferred taxes | 780 | €578 | €578 | = | 0.0% |
| Income taxes | 67/77 | €2,204 | €1,060 | -€1,144 | -51.9% |
| Profit (loss) for the period | 9904 | €8,459 | €1,178 | -€7,281 | -86.1% |
| Transfer from tax-exempt reserves | 789 | €1,733 | €1,733 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,192 | €2,911 | -€7,281 | -71.4% |
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 19 October 2026 via checked.be.