Arbaco: 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.
What changed
Arbaco
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.8m-€669,458
Equity
€4.1m
2024 · €4.1m+€1,501
Cash
€94,427
2024 · €97,319-€2,892
Balance sheet total
€8.6m
2024 · €7.5m+€1.1m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+40.9%), from €2.7m to €3.8m
of which Other amounts receivable: +€1.3m
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+34.2%), from €3.3m to €4.4m
Income statement
- Financial income -€583,000
down €583,000 (-35.3%), from €1.7m to €1.1m
- Services and other goods +€73,365
up €73,365 (+10.9%), from €671,637 to €745,001
- Turnover -€39,716
down €39,716 (-4.6%), from €871,056 to €831,340
- Taxes -€26,746
down €26,746 (-53.7%), from €49,782 to €23,037
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
€1.8m
Turnover
-€39,716
Services and other goods
-€73,365
Other operating charges
-€16
Financial income
-€583,000
Financial charges
-€106
Taxes
+€26,746
Result 2025
€1.1m
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.
From operations
+€1.1m
Investment
€0
Financing
-€1.1m
Cash 2024
€97,319
From operations (derived)
+€1.1m
Net result for the year
+€1.1m
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€4
Trade debts
-€3,667
Tax, wage and social debts
-€26,821
Other debts
+€1.1m
Financing
-€1.1m
Contributions, distributions and other
-€1.1m
Cash 2025
€94,427
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,543,976 | €8,644,990 | +€1.1m | +14.6% |
| Fixed assets | 21/28 | €4,750,000 | €4,750,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,750,000 | €4,750,000 | = | 0.0% |
| Affiliated companies | 280/1 | €4,750,000 | €4,750,000 | = | 0.0% |
| Participating interests | 280 | €4,750,000 | €4,750,000 | = | 0.0% |
| Current assets | 29/58 | €2,793,976 | €3,894,990 | +€1.1m | +39.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,696,517 | €3,800,419 | +€1.1m | +40.9% |
| Trade receivables | 40 | €166,604 | €0 | -€166,604 | -100.0% |
| Other amounts receivable | 41 | €2,529,913 | €3,800,419 | +€1.3m | +50.2% |
| Cash at bank and in hand | 54/58 | €97,319 | €94,427 | -€2,892 | -3.0% |
| Deferred charges and accrued income | 490/1 | €141 | €144 | +€4 | +2.6% |
| Total equity and liabilities | 10/49 | €7,543,976 | €8,644,990 | +€1.1m | +14.6% |
| Equity | 10/15 | €4,106,846 | €4,108,348 | +€1,501 | 0.0% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €106,846 | €108,348 | +€1,501 | +1.4% |
| Distributable reserves | 133 | €106,846 | €108,348 | +€1,501 | +1.4% |
| Amounts payable | 17/49 | €3,437,130 | €4,536,642 | +€1.1m | +32.0% |
| Amounts payable within one year | 42/48 | €3,434,130 | €4,533,642 | +€1.1m | +32.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €79,272 | €75,606 | -€3,667 | -4.6% |
| Suppliers | 440/4 | €79,272 | €75,606 | -€3,667 | -4.6% |
| Taxes, remuneration and social security | 45 | €49,858 | €23,037 | -€26,821 | -53.8% |
| Taxes | 450/3 | €49,858 | €23,037 | -€26,821 | -53.8% |
| Other amounts payable | 47/48 | €3,305,000 | €4,435,000 | +€1.1m | +34.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Operating income | 70/76A | €871,056 | €831,340 | -€39,716 | -4.6% |
| Turnover | 70 | €871,056 | €831,340 | -€39,716 | -4.6% |
| Operating charges | 60/66A | €672,728 | €746,109 | +€73,381 | +10.9% |
| Services and other goods | 61 | €671,637 | €745,001 | +€73,365 | +10.9% |
| Other operating charges | 640/8 | €1,092 | €1,108 | +€16 | +1.5% |
| Operating profit (loss) | 9901 | €198,328 | €85,231 | -€113,097 | -57.0% |
| Financial income | 75/76B | €1,653,000 | €1,070,000 | -€583,000 | -35.3% |
| Recurring financial income | 75 | €1,653,000 | €1,070,000 | -€583,000 | -35.3% |
| Income from financial fixed assets | 750 | €1,653,000 | €1,070,000 | -€583,000 | -35.3% |
| Financial charges | 65/66B | €587 | €693 | +€106 | +18.1% |
| Recurring financial charges | 65 | €587 | €693 | +€106 | +18.1% |
| Debt charges | 650 | €18 | €118 | +€99 | +538.9% |
| Other financial charges | 652/9 | €568 | €575 | +€7 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €1,850,741 | €1,154,538 | -€696,203 | -37.6% |
| Income taxes | 67/77 | €49,782 | €23,037 | -€26,746 | -53.7% |
| Taxes | 670/3 | €49,782 | €23,037 | -€26,746 | -53.7% |
| Profit (loss) for the period | 9904 | €1,800,959 | €1,131,501 | -€669,458 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,800,959 | €1,131,501 | -€669,458 | -37.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.