Arbaja: 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.
Arbaja
Largest movements
- Cash +€128,743
up €128,743 (+213.9%), from €60,189 to €188,931
mainly Net result for the year (+€113,682) and Receivables within one year (+€18,672)
- Receivables within one year -€18,672
down €18,672 (-81.2%), from €22,990 to €4,318
of which Trade receivables: -€22,807
- Tangible fixed assets -€15,514
down €15,514 (-30.3%), from €51,126 to €35,611
of which Leasing and similar rights: -€14,345
- Deferred charges and accrued income -€8,563
down €8,563 (-67.8%), from €12,631 to €4,068
- Reserves +€113,682
up €113,682 (+111.0%), from €102,450 to €216,132
- Debts after one year -€14,714
down €14,714 (-43.5%), from €33,858 to €19,144
- Tax, wage and social debts -€7,587
down €7,587 (-33.5%), from €22,667 to €15,080
- Other debts -€4,685
down €4,685 (-100.0%), from €4,685 to €0
- Gross operating margin +€102,958
up €102,958 (+131.7%), from €78,187 to €181,145
- Taxes +€31,472
up €31,472 (+186.9%), from €16,837 to €48,309
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 | €182,736 | €268,729 | +€85,993 | +47.1% |
| Fixed assets | 21/28 | €51,126 | €35,611 | -€15,514 | -30.3% |
| Tangible fixed assets | 22/27 | €51,126 | €35,611 | -€15,514 | -30.3% |
| Plant, machinery and equipment | 23 | €3,303 | €2,284 | -€1,018 | -30.8% |
| Furniture and vehicles | 24 | €427 | €276 | -€152 | -35.5% |
| Leasing and similar rights | 25 | €47,396 | €33,051 | -€14,345 | -30.3% |
| Current assets | 29/58 | €131,610 | €233,118 | +€101,508 | +77.1% |
| Amounts receivable after more than one year | 29 | €35,800 | €35,800 | = | 0.0% |
| Trade receivables | 290 | €35,800 | €35,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,990 | €4,318 | -€18,672 | -81.2% |
| Trade receivables | 40 | €22,990 | €183 | -€22,807 | -99.2% |
| Other amounts receivable | 41 | €0 | €4,135 | +€4,135 | |
| Cash at bank and in hand | 54/58 | €60,189 | €188,931 | +€128,743 | +213.9% |
| Deferred charges and accrued income | 490/1 | €12,631 | €4,068 | -€8,563 | -67.8% |
| Total equity and liabilities | 10/49 | €182,736 | €268,729 | +€85,993 | +47.1% |
| Equity | 10/15 | €105,450 | €219,132 | +€113,682 | +107.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €102,450 | €216,132 | +€113,682 | +111.0% |
| Distributable reserves | 133 | €102,450 | €216,132 | +€113,682 | +111.0% |
| Amounts payable | 17/49 | €77,286 | €49,597 | -€27,689 | -35.8% |
| Amounts payable after more than one year | 17 | €33,858 | €19,144 | -€14,714 | -43.5% |
| Financial debts | 170/4 | €33,858 | €19,144 | -€14,714 | -43.5% |
| Amounts payable within one year | 42/48 | €43,428 | €30,453 | -€12,975 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €14,199 | €14,714 | +€514 | +3.6% |
| Trade debts | 44 | €1,877 | €659 | -€1,218 | -64.9% |
| Suppliers | 440/4 | €1,877 | €659 | -€1,218 | -64.9% |
| Taxes, remuneration and social security | 45 | €22,667 | €15,080 | -€7,587 | -33.5% |
| Taxes | 450/3 | €22,667 | €15,080 | -€7,587 | -33.5% |
| Other amounts payable | 47/48 | €4,685 | €0 | -€4,685 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,514 | €15,514 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,328 | €2,780 | +€452 | +19.4% |
| Gross operating margin | 9900 | €78,187 | €181,145 | +€102,958 | +131.7% |
| Operating profit (loss) | 9901 | €60,345 | €162,851 | +€102,506 | +169.9% |
| Financial income | 75/76B | €939 | €1,084 | +€145 | +15.5% |
| Recurring financial income | 75 | €939 | €1,084 | +€145 | +15.5% |
| Financial charges | 65/66B | €2,636 | €1,943 | -€693 | -26.3% |
| Recurring financial charges | 65 | €2,636 | €1,943 | -€693 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €58,648 | €161,992 | +€103,344 | +176.2% |
| Income taxes | 67/77 | €16,837 | €48,309 | +€31,472 | +186.9% |
| Profit (loss) for the period | 9904 | €41,811 | €113,682 | +€71,871 | +171.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,811 | €113,682 | +€71,871 | +171.9% |
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 7 October 2026 via checked.be.