ARVUM: 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.
ARVUM
Largest movements
- Receivables within one year -€95,433
down €95,433 (-53.3%), from €178,979 to €83,546
- Stocks and contracts +€20,983
new in 2025: €20,983
- Cash +€3,558
up €3,558 (+1,207%), from €295 to €3,852
mainly Receivables within one year (+€95,433) and Trade debts (+€14,817)
- Other debts -€61,253
no longer reported in 2025 (was €61,253)
- Debts after one year -€18,000
down €18,000 (-6.9%), from €260,903 to €242,903
- Trade debts +€14,817
up €14,817 (+212%), from €6,978 to €21,795
- Profit (loss) carried forward -€7,043
down €7,043 (-4.5%), from -€157,298 to -€164,341
- Gross operating margin -€29,851
down €29,851, from €19,068 to -€10,783
- Other operating charges -€7,907
down €7,907 (-87.9%), from €8,992 to €1,085
- Financial income -€567
down €567 (-10.2%), from €5,549 to €4,982
of which Financial income: -€567
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 | €222,210 | €150,922 | -€71,288 | -32.1% |
| Fixed assets | 21/28 | €25,904 | €25,904 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,904 | €25,904 | = | 0.0% |
| Land and buildings | 22 | €25,904 | €25,904 | = | 0.0% |
| Current assets | 29/58 | €196,306 | €125,018 | -€71,288 | -36.3% |
| Stocks and contracts in progress | 3 | - | €20,983 | +€20,983 | |
| Stocks | 30/36 | - | €20,983 | +€20,983 | |
| Amounts receivable within one year | 40/41 | €178,979 | €83,546 | -€95,433 | -53.3% |
| Other amounts receivable | 41 | €178,979 | €83,546 | -€95,433 | -53.3% |
| Current investments | 50/53 | €17,033 | €15,316 | -€1,717 | -10.1% |
| Cash at bank and in hand | 54/58 | €295 | €3,852 | +€3,558 | +1,207% |
| Deferred charges and accrued income | 490/1 | - | €1,321 | +€1,321 | |
| Total equity and liabilities | 10/49 | €222,210 | €150,922 | -€71,288 | -32.1% |
| Equity | 10/15 | -€108,133 | -€115,176 | -€7,043 | -6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,765 | €36,765 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,086 | €17,086 | = | 0.0% |
| Distributable reserves | 133 | €19,679 | €19,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,298 | -€164,341 | -€7,043 | -4.5% |
| Amounts payable | 17/49 | €330,343 | €266,098 | -€64,245 | -19.4% |
| Amounts payable after more than one year | 17 | €260,903 | €242,903 | -€18,000 | -6.9% |
| Financial debts | 170/4 | €260,903 | €242,903 | -€18,000 | -6.9% |
| Amounts payable within one year | 42/48 | €69,440 | €23,195 | -€46,245 | -66.6% |
| Trade debts | 44 | €6,978 | €21,795 | +€14,817 | +212% |
| Suppliers | 440/4 | €6,978 | €21,795 | +€14,817 | +212% |
| Advances received on contracts in progress | 46 | - | €1,400 | +€1,400 | |
| Taxes, remuneration and social security | 45 | €1,209 | - | -€1,209 | |
| Taxes | 450/3 | €810 | - | -€810 | |
| Remuneration and social security | 454/9 | €399 | - | -€399 | |
| Other amounts payable | 47/48 | €61,253 | - | -€61,253 | |
| Non-recurring operating income | 76A | - | €399 | +€399 | |
| Remuneration, social security and pensions | 62 | -€16 | - | +€16 | |
| Other operating charges | 640/8 | €8,992 | €1,085 | -€7,907 | -87.9% |
| Non-recurring operating charges | 66A | €3,942 | - | -€3,942 | |
| Gross operating margin | 9900 | €19,068 | -€10,783 | -€29,851 | |
| Operating profit (loss) | 9901 | €6,150 | -€11,867 | -€18,017 | |
| Financial income | 75/76B | €5,549 | €4,982 | -€567 | -10.2% |
| Recurring financial income | 75 | €5,549 | €4,982 | -€567 | -10.2% |
| Non-recurring financial income | 76B | €5,549 | €4,982 | -€567 | -10.2% |
| Financial charges | 65/66B | €157 | €158 | +€0 | +0.3% |
| Recurring financial charges | 65 | €157 | €158 | +€0 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €11,541 | -€7,043 | -€18,584 | |
| Profit (loss) for the period | 9904 | €11,541 | -€7,043 | -€18,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,541 | -€7,043 | -€18,584 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.