ARBALINE: 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.
ARBALINE
Largest movements
- Cash +€59,955
up €59,955 (+37.5%), from €159,978 to €219,934
mainly Net result for the year (+€50,121) and Receivables within one year (+€30,670)
- Receivables within one year -€30,670
down €30,670 (-97.2%), from €31,548 to €878
of which Trade receivables: -€29,163
- Current investments +€20,000
new in 2025: €20,000
- Reserves +€41,469
up €41,469 (+22.2%), from €186,916 to €228,385
- Tax, wage and social debts +€6,286
up €6,286 (+64.2%), from €9,796 to €16,082
- Gross operating margin +€7,722
up €7,722 (+12.0%), from €64,423 to €72,144
- Taxes +€1,991
up €1,991 (+11.0%), from €18,065 to €20,056
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 | €198,487 | €247,155 | +€48,669 | +24.5% |
| Fixed assets | 21/28 | €4,094 | €3,185 | -€909 | -22.2% |
| Tangible fixed assets | 22/27 | €4,094 | €3,185 | -€909 | -22.2% |
| Furniture and vehicles | 24 | €4,094 | €3,185 | -€909 | -22.2% |
| Current assets | 29/58 | €194,393 | €243,970 | +€49,578 | +25.5% |
| Amounts receivable within one year | 40/41 | €31,548 | €878 | -€30,670 | -97.2% |
| Trade receivables | 40 | €30,041 | €878 | -€29,163 | -97.1% |
| Other amounts receivable | 41 | €1,507 | - | -€1,507 | |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €159,978 | €219,934 | +€59,955 | +37.5% |
| Deferred charges and accrued income | 490/1 | €2,867 | €3,159 | +€292 | +10.2% |
| Total equity and liabilities | 10/49 | €198,487 | €247,155 | +€48,669 | +24.5% |
| Equity | 10/15 | €186,916 | €228,385 | +€41,469 | +22.2% |
| Reserves | 13 | €186,916 | €228,385 | +€41,469 | +22.2% |
| Distributable reserves | 133 | €186,916 | €228,385 | +€41,469 | +22.2% |
| Amounts payable | 17/49 | €11,570 | €18,770 | +€7,200 | +62.2% |
| Amounts payable within one year | 42/48 | €11,570 | €18,770 | +€7,200 | +62.2% |
| Trade debts | 44 | €1,182 | €955 | -€227 | -19.2% |
| Suppliers | 440/4 | €1,182 | €955 | -€227 | -19.2% |
| Taxes, remuneration and social security | 45 | €9,796 | €16,082 | +€6,286 | +64.2% |
| Taxes | 450/3 | €9,796 | €16,082 | +€6,286 | +64.2% |
| Other amounts payable | 47/48 | €592 | €1,733 | +€1,141 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449 | €909 | +€459 | +102% |
| Other operating charges | 640/8 | €1,454 | €744 | -€710 | -48.8% |
| Gross operating margin | 9900 | €64,423 | €72,144 | +€7,722 | +12.0% |
| Operating profit (loss) | 9901 | €62,519 | €70,492 | +€7,972 | +12.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €200 | €314 | +€114 | +57.1% |
| Recurring financial charges | 65 | €200 | €314 | +€114 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €62,320 | €70,177 | +€7,858 | +12.6% |
| Income taxes | 67/77 | €18,065 | €20,056 | +€1,991 | +11.0% |
| Profit (loss) for the period | 9904 | €44,255 | €50,121 | +€5,867 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,255 | €50,121 | +€5,867 | +13.3% |
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 20 October 2026 via checked.be.