ARBADIS: 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.
ARBADIS
Largest movements
- Cash -€81,260
down €81,260 (-73.6%), from €110,347 to €29,087
mainly Net result for the year (-€85,060) and Debts after one year (-€38,166)
- Receivables within one year -€63,329
down €63,329 (-92.7%), from €68,327 to €4,998
of which Trade receivables: -€48,872
- Tangible fixed assets -€61,646
down €61,646 (-20.0%), from €308,425 to €246,779
of which Plant, machinery and equipment: -€61,694
- Deferred charges and accrued income +€11,619
up €11,619 (+120.2%), from €9,662 to €21,281
- Stocks and contracts +€10,588
up €10,588 (+5.8%), from €182,938 to €193,526
- Profit (loss) carried forward -€85,060
down €85,060 (-94.4%), from €90,137 to €5,077
- Debts after one year -€38,166
down €38,166 (-23.3%), from €163,510 to €125,344
- Trade debts -€26,995
down €26,995 (-8.1%), from €332,786 to €305,791
- Accrued charges and deferred income -€25,357
no longer reported in 2025 (was €25,357)
- Tax, wage and social debts -€10,126
down €10,126 (-34.4%), from €29,419 to €19,293
of which Remuneration and social security: -€8,125
- Depreciation +€55,233
up €55,233 (+625.9%), from €8,825 to €64,057
- Gross operating margin -€27,476
down €27,476 (-11.8%), from €232,776 to €205,300
- Financial charges +€11,861
up €11,861 (+90.2%), from €13,142 to €25,003
- Other operating charges -€2,658
down €2,658 (-59.0%), from €4,508 to €1,850
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 | €679,698 | €495,671 | -€184,027 | -27.1% |
| Fixed assets | 21/28 | €308,425 | €246,779 | -€61,646 | -20.0% |
| Tangible fixed assets | 22/27 | €308,425 | €246,779 | -€61,646 | -20.0% |
| Plant, machinery and equipment | 23 | €306,441 | €244,748 | -€61,694 | -20.1% |
| Furniture and vehicles | 24 | €1,984 | €2,032 | +€48 | +2.4% |
| Current assets | 29/58 | €371,273 | €248,891 | -€122,382 | -33.0% |
| Stocks and contracts in progress | 3 | €182,938 | €193,526 | +€10,588 | +5.8% |
| Stocks | 30/36 | €182,938 | €193,526 | +€10,588 | +5.8% |
| Amounts receivable within one year | 40/41 | €68,327 | €4,998 | -€63,329 | -92.7% |
| Trade receivables | 40 | €50,522 | €1,650 | -€48,872 | -96.7% |
| Other amounts receivable | 41 | €17,805 | €3,348 | -€14,457 | -81.2% |
| Cash at bank and in hand | 54/58 | €110,347 | €29,087 | -€81,260 | -73.6% |
| Deferred charges and accrued income | 490/1 | €9,662 | €21,281 | +€11,619 | +120.2% |
| Total equity and liabilities | 10/49 | €679,698 | €495,671 | -€184,027 | -27.1% |
| Equity | 10/15 | €92,137 | €7,077 | -€85,060 | -92.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,137 | €5,077 | -€85,060 | -94.4% |
| Amounts payable | 17/49 | €587,561 | €488,594 | -€98,967 | -16.8% |
| Amounts payable after more than one year | 17 | €163,510 | €125,344 | -€38,166 | -23.3% |
| Financial debts | 170/4 | €163,510 | €125,344 | -€38,166 | -23.3% |
| Amounts payable within one year | 42/48 | €398,694 | €363,250 | -€35,444 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €36,490 | €38,166 | +€1,676 | +4.6% |
| Trade debts | 44 | €332,786 | €305,791 | -€26,995 | -8.1% |
| Suppliers | 440/4 | €332,786 | €305,791 | -€26,995 | -8.1% |
| Taxes, remuneration and social security | 45 | €29,419 | €19,293 | -€10,126 | -34.4% |
| Taxes | 450/3 | €2,156 | €155 | -€2,001 | -92.8% |
| Remuneration and social security | 454/9 | €27,263 | €19,138 | -€8,125 | -29.8% |
| Accrued charges and deferred income | 492/3 | €25,357 | - | -€25,357 | |
| Remuneration, social security and pensions | 62 | €201,139 | €199,416 | -€1,723 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,825 | €64,057 | +€55,233 | +625.9% |
| Other operating charges | 640/8 | €4,508 | €1,850 | -€2,658 | -59.0% |
| Gross operating margin | 9900 | €232,776 | €205,300 | -€27,476 | -11.8% |
| Operating profit (loss) | 9901 | €18,305 | -€60,024 | -€78,328 | |
| Financial income | 75/76B | €1,355 | €121 | -€1,234 | -91.1% |
| Recurring financial income | 75 | €1,355 | €121 | -€1,234 | -91.1% |
| Financial charges | 65/66B | €13,142 | €25,003 | +€11,861 | +90.2% |
| Recurring financial charges | 65 | €13,142 | €25,003 | +€11,861 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | €6,517 | -€84,906 | -€91,423 | |
| Income taxes | 67/77 | €2,125 | €155 | -€1,970 | -92.7% |
| Profit (loss) for the period | 9904 | €4,392 | -€85,060 | -€89,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,392 | -€85,060 | -€89,453 |
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.