ARVOS: 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.
ARVOS
Largest movements
- Cash -€17,517
down €17,517 (-25.0%), from €70,115 to €52,598
mainly Net result for the year (-€16,492) and Receivables within one year (-€1,242)
- Receivables within one year +€1,242
up €1,242 (+112.3%), from €1,107 to €2,349
- Reserves -€16,492
down €16,492 (-32.5%), from €50,810 to €34,318
- Trade debts +€1,394
up €1,394 (+475.1%), from €293 to €1,687
- Tax, wage and social debts -€1,107
down €1,107 (-86.3%), from €1,283 to €176
- Gross operating margin -€724,004
down €724,004, from €708,714 to -€15,290
- Taxes -€170,607
down €170,607 (-99.9%), from €170,783 to €176
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 | €72,009 | €55,798 | -€16,212 | -22.5% |
| Fixed assets | 21/28 | €465 | €6 | -€459 | -98.8% |
| Financial fixed assets | 28 | €465 | €6 | -€459 | -98.8% |
| Current assets | 29/58 | €71,544 | €55,792 | -€15,752 | -22.0% |
| Amounts receivable within one year | 40/41 | €1,107 | €2,349 | +€1,242 | +112.3% |
| Other amounts receivable | 41 | €1,107 | €2,349 | +€1,242 | +112.3% |
| Cash at bank and in hand | 54/58 | €70,115 | €52,598 | -€17,517 | -25.0% |
| Deferred charges and accrued income | 490/1 | €323 | €846 | +€523 | +161.8% |
| Total equity and liabilities | 10/49 | €72,009 | €55,798 | -€16,212 | -22.5% |
| Equity | 10/15 | €69,410 | €52,918 | -€16,492 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,810 | €34,318 | -€16,492 | -32.5% |
| Distributable reserves | 133 | €50,810 | €34,318 | -€16,492 | -32.5% |
| Amounts payable | 17/49 | €2,599 | €2,880 | +€281 | +10.8% |
| Amounts payable within one year | 42/48 | €1,576 | €1,863 | +€287 | +18.2% |
| Trade debts | 44 | €293 | €1,687 | +€1,394 | +475.1% |
| Suppliers | 440/4 | €293 | €1,687 | +€1,394 | +475.1% |
| Taxes, remuneration and social security | 45 | €1,283 | €176 | -€1,107 | -86.3% |
| Taxes | 450/3 | €1,283 | €176 | -€1,107 | -86.3% |
| Accrued charges and deferred income | 492/3 | €1,023 | €1,016 | -€6 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | - | -€297 | |
| Other operating charges | 640/8 | €564 | €582 | +€18 | +3.3% |
| Gross operating margin | 9900 | €708,714 | -€15,290 | -€724,004 | |
| Operating profit (loss) | 9901 | €707,853 | -€15,872 | -€723,726 | |
| Financial charges | 65/66B | €226 | €444 | +€218 | +96.2% |
| Recurring financial charges | 65 | €226 | €209 | -€17 | -7.7% |
| Non-recurring financial charges | 66B | - | €235 | +€235 | |
| Profit (loss) for the period before taxes | 9903 | €707,627 | -€16,316 | -€723,943 | |
| Income taxes | 67/77 | €170,783 | €176 | -€170,607 | -99.9% |
| Profit (loss) for the period | 9904 | €536,844 | -€16,492 | -€553,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €536,844 | -€16,492 | -€553,336 |
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 8 October 2026 via checked.be.