ARB-INVEST: 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.
ARB-INVEST
Largest movements
- Receivables within one year -€5,948
down €5,948 (-95.1%), from €6,255 to €307
of which Trade receivables: -€5,980
- Debts after one year -€27,733
down €27,733 (-7.3%), from €377,842 to €350,109
- Other debts +€15,836
up €15,836 (+16,415%), from €96 to €15,932
- Tax, wage and social debts -€11,071
down €11,071 (-52.9%), from €20,943 to €9,872
- Reserves +€9,770
up €9,770 (+33.6%), from €29,088 to €38,858
- Accrued charges and deferred income +€8,291
up €8,291 (+153%), from €5,425 to €13,716
- Financial charges +€2,982
up €2,982 (+22.6%), from €13,176 to €16,158
- Gross operating margin -€2,668
down €2,668 (-8.4%), from €31,725 to €29,057
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 | €471,725 | €465,964 | -€5,762 | -1.2% |
| Fixed assets | 21/28 | €463,167 | €463,167 | = | 0.0% |
| Financial fixed assets | 28 | €463,167 | €463,167 | = | 0.0% |
| Current assets | 29/58 | €8,558 | €2,796 | -€5,762 | -67.3% |
| Amounts receivable within one year | 40/41 | €6,255 | €307 | -€5,948 | -95.1% |
| Trade receivables | 40 | €6,255 | €276 | -€5,980 | -95.6% |
| Other amounts receivable | 41 | - | €31 | +€31 | |
| Cash at bank and in hand | 54/58 | €2,303 | €2,490 | +€187 | +8.1% |
| Total equity and liabilities | 10/49 | €471,725 | €465,964 | -€5,762 | -1.2% |
| Equity | 10/15 | €34,088 | €43,858 | +€9,770 | +28.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,088 | €38,858 | +€9,770 | +33.6% |
| Distributable reserves | 133 | €29,088 | €38,858 | +€9,770 | +33.6% |
| Amounts payable | 17/49 | €437,637 | €422,106 | -€15,532 | -3.5% |
| Amounts payable after more than one year | 17 | €377,842 | €350,109 | -€27,733 | -7.3% |
| Financial debts | 170/4 | €377,842 | €350,109 | -€27,733 | -7.3% |
| Amounts payable within one year | 42/48 | €54,371 | €58,281 | +€3,911 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €28,689 | €27,733 | -€956 | -3.3% |
| Trade debts | 44 | €4,642 | €4,744 | +€102 | +2.2% |
| Suppliers | 440/4 | €4,642 | €4,744 | +€102 | +2.2% |
| Taxes, remuneration and social security | 45 | €20,943 | €9,872 | -€11,071 | -52.9% |
| Taxes | 450/3 | €20,943 | €9,872 | -€11,071 | -52.9% |
| Other amounts payable | 47/48 | €96 | €15,932 | +€15,836 | +16,415% |
| Accrued charges and deferred income | 492/3 | €5,425 | €13,716 | +€8,291 | +153% |
| Other operating charges | 640/8 | €560 | €510 | -€50 | -8.9% |
| Gross operating margin | 9900 | €31,725 | €29,057 | -€2,668 | -8.4% |
| Operating profit (loss) | 9901 | €31,165 | €28,547 | -€2,618 | -8.4% |
| Financial charges | 65/66B | €13,176 | €16,158 | +€2,982 | +22.6% |
| Recurring financial charges | 65 | €13,176 | €16,158 | +€2,982 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €17,989 | €12,390 | -€5,600 | -31.1% |
| Income taxes | 67/77 | €2,784 | €2,620 | -€164 | -5.9% |
| Profit (loss) for the period | 9904 | €15,205 | €9,770 | -€5,435 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,205 | €9,770 | -€5,435 | -35.7% |
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 21 October 2026 via checked.be.