von Arx: 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.
von Arx
Largest movements
- Receivables within one year +€101,712
up €101,712 (+49.4%), from €205,781 to €307,493
of which Other amounts receivable: +€199,196
- Tangible fixed assets -€62,469
down €62,469 (-29.9%), from €209,108 to €146,640
of which Land and buildings: -€38,954
- Cash -€7,763
down €7,763 (-95.2%), from €8,153 to €389
mainly Receivables within one year (-€101,712) and Trade debts (-€31,877)
- Debts after one year +€52,870
up €52,870 (+39.2%), from €135,028 to €187,898
- Trade debts -€31,877
down €31,877 (-86.3%), from €36,955 to €5,078
- Other debts -€27,291
no longer reported in 2025 (was €27,291)
- Reserves +€17,708
up €17,708 (+14.5%), from €122,249 to €139,957
- Short-term financial debts +€10,181
new in 2025: €10,181
- Gross operating margin -€37,476
down €37,476 (-29.8%), from €125,737 to €88,261
- Financial charges +€8,312
up €8,312 (+79.7%), from €10,433 to €18,745
- Taxes -€6,175
down €6,175 (-43.6%), from €14,162 to €7,987
- Other operating charges -€1,443
down €1,443 (-51.6%), from €2,795 to €1,351
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 | €423,042 | €454,522 | +€31,480 | +7.4% |
| Fixed assets | 21/28 | €209,108 | €146,640 | -€62,469 | -29.9% |
| Tangible fixed assets | 22/27 | €209,108 | €146,640 | -€62,469 | -29.9% |
| Land and buildings | 22 | €130,622 | €91,668 | -€38,954 | -29.8% |
| Plant, machinery and equipment | 23 | €157 | €39 | -€118 | -75.1% |
| Furniture and vehicles | 24 | €78,330 | €54,933 | -€23,397 | -29.9% |
| Current assets | 29/58 | €213,933 | €307,882 | +€93,949 | +43.9% |
| Amounts receivable within one year | 40/41 | €205,781 | €307,493 | +€101,712 | +49.4% |
| Trade receivables | 40 | €171,662 | €74,178 | -€97,484 | -56.8% |
| Other amounts receivable | 41 | €34,119 | €233,315 | +€199,196 | +584% |
| Cash at bank and in hand | 54/58 | €8,153 | €389 | -€7,763 | -95.2% |
| Total equity and liabilities | 10/49 | €423,042 | €454,522 | +€31,480 | +7.4% |
| Equity | 10/15 | €135,999 | €153,707 | +€17,708 | +13.0% |
| Contributions | 10/11 | €13,750 | €13,750 | = | 0.0% |
| Reserves | 13 | €122,249 | €139,957 | +€17,708 | +14.5% |
| Distributable reserves | 133 | €122,249 | €139,957 | +€17,708 | +14.5% |
| Amounts payable | 17/49 | €287,043 | €300,815 | +€13,772 | +4.8% |
| Amounts payable after more than one year | 17 | €135,028 | €187,898 | +€52,870 | +39.2% |
| Financial debts | 170/4 | €135,028 | €187,898 | +€52,870 | +39.2% |
| Amounts payable within one year | 42/48 | €152,014 | €112,917 | -€39,098 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €32,623 | €42,758 | +€10,136 | +31.1% |
| Financial debts | 43 | - | €10,181 | +€10,181 | |
| Credit institutions | 430/8 | - | €10,181 | +€10,181 | |
| Trade debts | 44 | €36,955 | €5,078 | -€31,877 | -86.3% |
| Suppliers | 440/4 | €36,955 | €5,078 | -€31,877 | -86.3% |
| Taxes, remuneration and social security | 45 | €55,146 | €54,900 | -€246 | -0.4% |
| Taxes | 450/3 | €55,146 | €54,900 | -€246 | -0.4% |
| Other amounts payable | 47/48 | €27,291 | - | -€27,291 | |
| Non-recurring operating income | 76A | - | €17,959 | +€17,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,469 | €42,469 | = | 0.0% |
| Other operating charges | 640/8 | €2,795 | €1,351 | -€1,443 | -51.6% |
| Gross operating margin | 9900 | €125,737 | €88,261 | -€37,476 | -29.8% |
| Operating profit (loss) | 9901 | €80,473 | €44,440 | -€36,033 | -44.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,433 | €18,745 | +€8,312 | +79.7% |
| Recurring financial charges | 65 | €10,433 | €18,745 | +€8,312 | +79.7% |
| Profit (loss) for the period before taxes | 9903 | €70,040 | €25,696 | -€44,344 | -63.3% |
| Income taxes | 67/77 | €14,162 | €7,987 | -€6,175 | -43.6% |
| Profit (loss) for the period | 9904 | €55,878 | €17,708 | -€38,170 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,878 | €17,708 | -€38,170 | -68.3% |
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 22 October 2026 via checked.be.