ARBAJO: 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.
ARBAJO
Largest movements
- Cash +€7,338
up €7,338 (+63.4%), from €11,568 to €18,906
mainly Net result for the year (+€7,671) and Depreciation (+€2,556)
- Tangible fixed assets +€2,326
up €2,326 (+19.6%), from €11,855 to €14,181
of which Furniture and vehicles: +€3,816
- Receivables within one year -€1,341
down €1,341 (-41.6%), from €3,222 to €1,881
of which Other amounts receivable: -€1,341
- Reserves +€7,671
up €7,671 (+44.5%), from €17,252 to €24,923
- Tax, wage and social debts +€804
up €804 (+14.3%), from €5,635 to €6,439
of which Taxes: +€2,007
- Gross operating margin +€10,482
up €10,482 (+268%), from €3,910 to €14,393
- Taxes +€1,805
up €1,805 (+148%), from €1,222 to €3,027
- Depreciation +€1,066
up €1,066 (+71.5%), from €1,490 to €2,556
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 | €26,816 | €35,311 | +€8,495 | +31.7% |
| Fixed assets | 21/28 | €11,855 | €14,181 | +€2,326 | +19.6% |
| Tangible fixed assets | 22/27 | €11,855 | €14,181 | +€2,326 | +19.6% |
| Furniture and vehicles | 24 | - | €3,816 | +€3,816 | |
| Other tangible fixed assets | 26 | €11,855 | €10,365 | -€1,490 | -12.6% |
| Current assets | 29/58 | €14,961 | €21,130 | +€6,169 | +41.2% |
| Amounts receivable within one year | 40/41 | €3,222 | €1,881 | -€1,341 | -41.6% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €3,222 | €1,881 | -€1,341 | -41.6% |
| Cash at bank and in hand | 54/58 | €11,568 | €18,906 | +€7,338 | +63.4% |
| Deferred charges and accrued income | 490/1 | €170 | €343 | +€172 | +101% |
| Total equity and liabilities | 10/49 | €26,816 | €35,311 | +€8,495 | +31.7% |
| Equity | 10/15 | €20,252 | €27,923 | +€7,671 | +37.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,252 | €24,923 | +€7,671 | +44.5% |
| Distributable reserves | 133 | €17,252 | €24,923 | +€7,671 | +44.5% |
| Amounts payable | 17/49 | €6,564 | €7,389 | +€825 | +12.6% |
| Amounts payable within one year | 42/48 | €6,564 | €7,389 | +€825 | +12.6% |
| Trade debts | 44 | €929 | €950 | +€21 | +2.3% |
| Suppliers | 440/4 | €929 | €950 | +€21 | +2.3% |
| Taxes, remuneration and social security | 45 | €5,635 | €6,439 | +€804 | +14.3% |
| Taxes | 450/3 | €4,432 | €6,439 | +€2,007 | +45.3% |
| Remuneration and social security | 454/9 | €1,203 | €0 | -€1,203 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,490 | €2,556 | +€1,066 | +71.5% |
| Other operating charges | 640/8 | €990 | €1,022 | +€32 | +3.3% |
| Gross operating margin | 9900 | €3,910 | €14,393 | +€10,482 | +268% |
| Operating profit (loss) | 9901 | €1,430 | €10,815 | +€9,384 | +656% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €187 | €117 | -€70 | -37.6% |
| Recurring financial charges | 65 | €187 | €117 | -€70 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €1,243 | €10,698 | +€9,455 | +761% |
| Income taxes | 67/77 | €1,222 | €3,027 | +€1,805 | +148% |
| Profit (loss) for the period | 9904 | €21 | €7,671 | +€7,650 | +36,100% |
| Profit (loss) for the period to be appropriated | 9905 | €21 | €7,671 | +€7,650 | +36,100% |
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 29 October 2026 via checked.be.