ARBARO: 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.
ARBARO
Largest movements
- Receivables within one year -€35,315
down €35,315 (-50.3%), from €70,194 to €34,879
of which Trade receivables: -€49,751
- Cash +€21,753
up €21,753 (+171%), from €12,707 to €34,460
mainly Receivables within one year (+€35,315) and Trade debts (+€5,759)
- Intangible fixed assets -€4,753
down €4,753 (-28.4%), from €16,766 to €12,012
- Tangible fixed assets +€1,132
new in 2024: €1,132
- Profit (loss) carried forward -€19,099
new in 2024: -€19,099
- Trade debts +€5,759
up €5,759 (+32.7%), from €17,615 to €23,374
- Tax, wage and social debts -€4,092
down €4,092 (-30.1%), from €13,591 to €9,498
- Turnover +€112,269
up €112,269 (+142%), from €78,851 to €191,120
- Purchases and services +€91,865
up €91,865 (+93.0%), from €98,738 to €190,604
- Gross operating margin +€20,404
up €20,404, from -€19,887 to €516
- Financial charges +€10,609
up €10,609 (+310%), from €3,422 to €14,031
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,666 | €82,716 | -€16,950 | -17.0% |
| Fixed assets | 21/28 | €16,766 | €13,144 | -€3,622 | -21.6% |
| Intangible fixed assets | 21 | €16,766 | €12,012 | -€4,753 | -28.4% |
| Tangible fixed assets | 22/27 | - | €1,132 | +€1,132 | |
| Furniture and vehicles | 24 | - | €1,132 | +€1,132 | |
| Current assets | 29/58 | €82,901 | €69,572 | -€13,329 | -16.1% |
| Amounts receivable within one year | 40/41 | €70,194 | €34,879 | -€35,315 | -50.3% |
| Trade receivables | 40 | €63,387 | €13,637 | -€49,751 | -78.5% |
| Other amounts receivable | 41 | €6,806 | €21,243 | +€14,436 | +212% |
| Cash at bank and in hand | 54/58 | €12,707 | €34,460 | +€21,753 | +171% |
| Deferred charges and accrued income | 490/1 | - | €233 | +€233 | |
| Total equity and liabilities | 10/49 | €99,666 | €82,716 | -€16,950 | -17.0% |
| Equity | 10/15 | €17,903 | -€1,196 | -€19,099 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €11,703 | €11,703 | = | 0.0% |
| Distributable reserves | 133 | €11,703 | €11,703 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,099 | -€19,099 | |
| Amounts payable | 17/49 | €81,763 | €83,912 | +€2,148 | +2.6% |
| Amounts payable after more than one year | 17 | €47,250 | €47,250 | = | 0.0% |
| Financial debts | 170/4 | €47,250 | €47,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,206 | €32,872 | +€1,666 | +5.3% |
| Trade debts | 44 | €17,615 | €23,374 | +€5,759 | +32.7% |
| Suppliers | 440/4 | €17,615 | €23,374 | +€5,759 | +32.7% |
| Taxes, remuneration and social security | 45 | €13,591 | €9,498 | -€4,092 | -30.1% |
| Taxes | 450/3 | €13,591 | €9,498 | -€4,092 | -30.1% |
| Accrued charges and deferred income | 492/3 | €3,308 | €3,789 | +€482 | +14.6% |
| Turnover | 70 | €78,851 | €191,120 | +€112,269 | +142% |
| Goods, raw materials, services and sundry goods | 60/61 | €98,738 | €190,604 | +€91,865 | +93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,768 | €5,078 | +€310 | +6.5% |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Gross operating margin | 9900 | -€19,887 | €516 | +€20,404 | |
| Operating profit (loss) | 9901 | -€25,149 | -€5,067 | +€20,081 | +79.9% |
| Financial charges | 65/66B | €3,422 | €14,031 | +€10,609 | +310% |
| Recurring financial charges | 65 | €3,422 | €14,031 | +€10,609 | +310% |
| Profit (loss) for the period before taxes | 9903 | -€28,570 | -€19,099 | +€9,472 | +33.2% |
| Profit (loss) for the period | 9904 | -€28,570 | -€19,099 | +€9,472 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,570 | -€19,099 | +€9,472 | +33.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.