Arabeske: 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.
Arabeske
Largest movements
- Intangible fixed assets -€385,357
down €385,357 (-11.1%), from €3.5m to €3.1m
- Profit (loss) carried forward -€285,285
down €285,285 (-17.8%), from -€1.6m to -€1.9m
- Other debts -€60,737
down €60,737 (-12.5%), from €484,909 to €424,172
- Gross operating margin +€99,737
up €99,737 (+471.4%), from €21,159 to €120,896
- Financial charges +€2,222
up €2,222 (+12.7%), from €17,475 to €19,697
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 | €3,493,111 | €3,143,244 | -€349,867 | -10.0% |
| Fixed assets | 21/28 | €3,468,208 | €3,082,851 | -€385,357 | -11.1% |
| Intangible fixed assets | 21 | €3,468,208 | €3,082,851 | -€385,357 | -11.1% |
| Current assets | 29/58 | €24,903 | €60,393 | +€35,490 | +142.5% |
| Amounts receivable within one year | 40/41 | €15,087 | €19,721 | +€4,634 | +30.7% |
| Trade receivables | 40 | €4,890 | €9,721 | +€4,831 | +98.8% |
| Other amounts receivable | 41 | €10,197 | €10,000 | -€197 | -1.9% |
| Cash at bank and in hand | 54/58 | €9,816 | €40,672 | +€30,856 | +314.3% |
| Total equity and liabilities | 10/49 | €3,493,111 | €3,143,244 | -€349,867 | -10.0% |
| Equity | 10/15 | €3,002,887 | €2,717,602 | -€285,285 | -9.5% |
| Contributions | 10/11 | €4,603,055 | €4,603,055 | = | 0.0% |
| Capital | 10 | €4,603,055 | €4,603,055 | = | 0.0% |
| Issued capital | 100 | €4,603,055 | €4,603,055 | = | 0.0% |
| Reserves | 13 | €768 | €768 | = | 0.0% |
| Non-distributable reserves | 130/1 | €768 | €768 | = | 0.0% |
| Legal reserve | 130 | €768 | €768 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,600,936 | -€1,886,221 | -€285,285 | -17.8% |
| Amounts payable | 17/49 | €490,224 | €425,642 | -€64,582 | -13.2% |
| Amounts payable within one year | 42/48 | €490,224 | €425,642 | -€64,582 | -13.2% |
| Trade debts | 44 | €5,259 | €407 | -€4,852 | -92.3% |
| Suppliers | 440/4 | €5,259 | €407 | -€4,852 | -92.3% |
| Taxes, remuneration and social security | 45 | €57 | €1,063 | +€1,007 | +1771.8% |
| Taxes | 450/3 | €57 | €1,063 | +€1,007 | +1771.8% |
| Other amounts payable | 47/48 | €484,909 | €424,172 | -€60,737 | -12.5% |
| Non-recurring operating income | 76A | - | €104,348 | +€104,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385,357 | €385,357 | = | 0.0% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €21,159 | €120,896 | +€99,737 | +471.4% |
| Operating profit (loss) | 9901 | -€365,292 | -€265,588 | +€99,704 | +27.3% |
| Financial charges | 65/66B | €17,475 | €19,697 | +€2,222 | +12.7% |
| Recurring financial charges | 65 | €17,475 | €19,697 | +€2,222 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€382,767 | -€285,285 | +€97,482 | +25.5% |
| Profit (loss) for the period | 9904 | -€382,767 | -€285,285 | +€97,482 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€382,767 | -€285,285 | +€97,482 | +25.5% |
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 10 October 2026 via checked.be.