ArB Management: 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.
What changed
ArB Management
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.4m
2024 · -€1,386-€1.4m
Equity
-€367,331
2024 · €1.1m-€1.4m
Cash
€2,287
2024 · €15,846-€13,559
Balance sheet total
€2.6m
2024 · €4.1m-€1.5m
Largest movements
Assets
- Financial fixed assets -€1.5m
down €1.5m (-73.4%), from €2.0m to €528,929
Equity and liabilities
- Profit (loss) carried forward -€1.4m
down €1.4m, from €120,308 to -€1.3m
- Debts after one year -€61,297
down €61,297 (-3.2%), from €1.9m to €1.9m
of which Financial debts: -€44,292
Income statement
- Financial charges +€1.4m
up €1.4m (+1,245%), from €115,819 to €1.6m
of which Non-recurring financial charges: +€1.5m
- Gross operating margin +€24,357
up €24,357 (+13.4%), from €181,768 to €206,125
- Staff costs +€15,496
new in 2025: €15,496
- Other operating charges +€6,157
up €6,157 (+478%), from €1,289 to €7,446
- Taxes +€5,807
up €5,807 (+1,153%), from €504 to €6,310
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.
Result 2024
-€1,386
Gross operating margin
+€24,357
Staff costs
-€15,496
Depreciation
-€2,303
Other operating charges
-€6,157
Financial income
-€260
Financial charges
-€1.4m
Taxes
-€5,807
Result 2025
-€1.4m
raises the resultlowers the result
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.
From operations
-€1.4m
Investment
+€1.4m
Financing
-€59,716
Cash 2024
€15,846
From operations (derived)
-€1.4m
Net result for the year
-€1.4m
Depreciation
+€68,590
Receivables after one year
+€9,053
Receivables within one year
-€1,793
Deferred charges and accrued income
-€7,046
Trade debts
-€14,679
Tax, wage and social debts
-€15,410
Other debts
+€25,049
Investment (derived)
+€1.4m
Investment in fixed assets (net)
+€1.4m
Financing
-€59,716
Debts after one year
-€61,297
Current portion of long-term debt
+€1,581
Cash 2025
€2,287
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,064,915 | €2,551,720 | -€1.5m | -37.2% |
| Formation expenses | 20 | €52,793 | €39,595 | -€13,198 | -25.0% |
| Fixed assets | 21/28 | €3,970,944 | €2,484,720 | -€1.5m | -37.4% |
| Tangible fixed assets | 22/27 | €1,980,152 | €1,955,792 | -€24,360 | -1.2% |
| Land and buildings | 22 | €1,973,579 | €1,924,946 | -€48,633 | -2.5% |
| Plant, machinery and equipment | 23 | €1,944 | €1,437 | -€507 | -26.1% |
| Furniture and vehicles | 24 | €4,629 | €29,409 | +€24,780 | +535% |
| Financial fixed assets | 28 | €1,990,792 | €528,929 | -€1.5m | -73.4% |
| Current assets | 29/58 | €41,178 | €27,405 | -€13,774 | -33.4% |
| Amounts receivable after more than one year | 29 | €12,006 | €2,953 | -€9,053 | -75.4% |
| Trade receivables | 290 | €12,006 | €2,953 | -€9,053 | -75.4% |
| Amounts receivable within one year | 40/41 | €13,326 | €15,119 | +€1,793 | +13.5% |
| Trade receivables | 40 | - | €1,525 | +€1,525 | |
| Other amounts receivable | 41 | €13,326 | €13,593 | +€267 | +2.0% |
| Cash at bank and in hand | 54/58 | €15,846 | €2,287 | -€13,559 | -85.6% |
| Deferred charges and accrued income | 490/1 | - | €7,046 | +€7,046 | |
| Total equity and liabilities | 10/49 | €4,064,915 | €2,551,720 | -€1.5m | -37.2% |
| Equity | 10/15 | €1,081,108 | -€367,331 | -€1.4m | |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Contributions outside capital | 11 | €950,000 | - | -€950,000 | |
| Other | 1109/19 | €950,000 | - | -€950,000 | |
| Reserves | 13 | €10,800 | €10,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,800 | €10,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,800 | €10,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,308 | -€1,328,131 | -€1.4m | |
| Amounts payable | 17/49 | €2,983,807 | €2,919,051 | -€64,756 | -2.2% |
| Amounts payable after more than one year | 17 | €1,939,836 | €1,878,539 | -€61,297 | -3.2% |
| Financial debts | 170/4 | €1,126,259 | €1,081,967 | -€44,292 | -3.9% |
| Other amounts payable | 178/9 | €813,578 | €796,573 | -€17,005 | -2.1% |
| Amounts payable within one year | 42/48 | €1,043,970 | €1,040,512 | -€3,459 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €42,711 | €44,292 | +€1,581 | +3.7% |
| Trade debts | 44 | €67,294 | €52,615 | -€14,679 | -21.8% |
| Suppliers | 440/4 | €67,294 | €52,615 | -€14,679 | -21.8% |
| Taxes, remuneration and social security | 45 | €62,176 | €46,766 | -€15,410 | -24.8% |
| Taxes | 450/3 | €62,176 | €44,749 | -€17,427 | -28.0% |
| Remuneration and social security | 454/9 | - | €2,017 | +€2,017 | |
| Other amounts payable | 47/48 | €871,789 | €896,839 | +€25,049 | +2.9% |
| Remuneration, social security and pensions | 62 | - | €15,496 | +€15,496 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,287 | €68,590 | +€2,303 | +3.5% |
| Other operating charges | 640/8 | €1,289 | €7,446 | +€6,157 | +478% |
| Gross operating margin | 9900 | €181,768 | €206,125 | +€24,357 | +13.4% |
| Operating profit (loss) | 9901 | €114,192 | €114,593 | +€400 | +0.4% |
| Financial income | 75/76B | €744 | €484 | -€260 | -34.9% |
| Recurring financial income | 75 | €744 | €484 | -€260 | -34.9% |
| Financial charges | 65/66B | €115,819 | €1,557,206 | +€1.4m | +1,245% |
| Recurring financial charges | 65 | €115,819 | €95,343 | -€20,476 | -17.7% |
| Non-recurring financial charges | 66B | - | €1,461,863 | +€1.5m | |
| Profit (loss) for the period before taxes | 9903 | -€882 | -€1,442,129 | -€1.4m | -163,399% |
| Income taxes | 67/77 | €504 | €6,310 | +€5,807 | +1,153% |
| Profit (loss) for the period | 9904 | -€1,386 | -€1,448,439 | -€1.4m | -104,422% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,386 | -€1,448,439 | -€1.4m | -104,422% |
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 15 October 2026 via checked.be.