Arabelle: 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.
Arabelle
Largest movements
- Cash -€96,070
down €96,070 (-50.3%), from €190,952 to €94,882
mainly Stocks and contracts (-€46,478) and Investment in fixed assets (net) (-€22,434)
- Stocks and contracts +€46,478
up €46,478 (+34.1%), from €136,484 to €182,962
- Deferred charges and accrued income +€16,298
up €16,298 (+1098.1%), from €1,484 to €17,782
- Tangible fixed assets -€14,641
down €14,641 (-6.8%), from €215,797 to €201,157
of which Plant, machinery and equipment: -€8,033
- Receivables within one year +€11,772
up €11,772 (+192.5%), from €6,114 to €17,886
of which Trade receivables: +€12,189
- Trade debts -€22,392
down €22,392 (-35.6%), from €62,960 to €40,568
- Debts after one year -€7,207
down €7,207 (-7.9%), from €91,354 to €84,147
of which Financial debts: -€7,207
- Accrued charges and deferred income -€6,598
down €6,598 (-10.5%), from €63,047 to €56,449
- Staff costs +€68,839
up €68,839 (+15.5%), from €444,249 to €513,088
- Gross operating margin +€40,085
up €40,085 (+7.6%), from €528,315 to €568,400
- Other operating charges -€29,067
down €29,067 (-86.3%), from €33,662 to €4,595
- Depreciation +€6,091
up €6,091 (+19.7%), from €30,984 to €37,075
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 | €551,722 | €515,559 | -€36,162 | -6.6% |
| Fixed assets | 21/28 | €216,687 | €202,047 | -€14,641 | -6.8% |
| Tangible fixed assets | 22/27 | €215,797 | €201,157 | -€14,641 | -6.8% |
| Land and buildings | 22 | €58,288 | €54,333 | -€3,955 | -6.8% |
| Plant, machinery and equipment | 23 | €150,934 | €142,901 | -€8,033 | -5.3% |
| Furniture and vehicles | 24 | €6,575 | €3,923 | -€2,652 | -40.3% |
| Financial fixed assets | 28 | €890 | €890 | = | 0.0% |
| Current assets | 29/58 | €335,034 | €313,513 | -€21,522 | -6.4% |
| Stocks and contracts in progress | 3 | €136,484 | €182,962 | +€46,478 | +34.1% |
| Stocks | 30/36 | €136,484 | €182,962 | +€46,478 | +34.1% |
| Amounts receivable within one year | 40/41 | €6,114 | €17,886 | +€11,772 | +192.5% |
| Trade receivables | 40 | €2,260 | €14,449 | +€12,189 | +539.3% |
| Other amounts receivable | 41 | €3,854 | €3,437 | -€417 | -10.8% |
| Cash at bank and in hand | 54/58 | €190,952 | €94,882 | -€96,070 | -50.3% |
| Deferred charges and accrued income | 490/1 | €1,484 | €17,782 | +€16,298 | +1098.1% |
| Total equity and liabilities | 10/49 | €551,722 | €515,559 | -€36,162 | -6.6% |
| Equity | 10/15 | €234,975 | €235,011 | +€36 | 0.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,975 | €213,011 | +€36 | 0.0% |
| Amounts payable | 17/49 | €316,747 | €280,549 | -€36,198 | -11.4% |
| Amounts payable after more than one year | 17 | €91,354 | €84,147 | -€7,207 | -7.9% |
| Financial debts | 170/4 | €63,354 | €56,147 | -€7,207 | -11.4% |
| Other amounts payable | 178/9 | €28,000 | €28,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €162,345 | €139,952 | -€22,393 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €6,901 | €7,207 | +€307 | +4.4% |
| Trade debts | 44 | €62,960 | €40,568 | -€22,392 | -35.6% |
| Suppliers | 440/4 | €62,960 | €40,568 | -€22,392 | -35.6% |
| Taxes, remuneration and social security | 45 | €79,061 | €79,612 | +€552 | +0.7% |
| Taxes | 450/3 | €29,656 | €26,070 | -€3,585 | -12.1% |
| Remuneration and social security | 454/9 | €49,405 | €53,542 | +€4,137 | +8.4% |
| Other amounts payable | 47/48 | €13,424 | €12,564 | -€860 | -6.4% |
| Accrued charges and deferred income | 492/3 | €63,047 | €56,449 | -€6,598 | -10.5% |
| Remuneration, social security and pensions | 62 | €444,249 | €513,088 | +€68,839 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,984 | €37,075 | +€6,091 | +19.7% |
| Other operating charges | 640/8 | €33,662 | €4,595 | -€29,067 | -86.3% |
| Gross operating margin | 9900 | €528,315 | €568,400 | +€40,085 | +7.6% |
| Operating profit (loss) | 9901 | €19,420 | €13,642 | -€5,778 | -29.8% |
| Financial income | 75/76B | €291 | €510 | +€219 | +75.2% |
| Recurring financial income | 75 | €291 | €510 | +€219 | +75.2% |
| Financial charges | 65/66B | €13,080 | €12,166 | -€915 | -7.0% |
| Recurring financial charges | 65 | €13,080 | €12,166 | -€915 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €6,631 | €1,986 | -€4,644 | -70.0% |
| Income taxes | 67/77 | €1,006 | €1,950 | +€944 | +93.9% |
| Profit (loss) for the period | 9904 | €5,625 | €36 | -€5,589 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,625 | €36 | -€5,589 | -99.4% |
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 29 September 2026 via checked.be.