ARBASAN: 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.
ARBASAN
Largest movements
- Tangible fixed assets -€47,333
down €47,333 (-11.2%), from €423,147 to €375,814
of which Other tangible fixed assets: -€34,759
- Cash +€22,682
up €22,682 (+62.3%), from €36,392 to €59,074
mainly Depreciation (+€51,174) and Other debts (+€36,072)
- Other debts +€36,072
up €36,072 (+97.6%), from €36,960 to €73,032
- Reserves -€31,500
down €31,500 (-46.4%), from €67,860 to €36,360
of which Distributable reserves: -€31,500
- Debts after one year -€28,662
down €28,662 (-9.0%), from €319,053 to €290,391
- Current portion of long-term debt -€14,575
down €14,575 (-33.7%), from €43,237 to €28,662
- Profit (loss) carried forward +€9,680
up €9,680, from -€8,940 to €741
- Gross operating margin +€8,801
up €8,801 (+11.6%), from €75,739 to €84,541
- Taxes +€5,180
up €5,180 (+192.4%), from €2,692 to €7,872
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.
Cash bridge derived
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 | €488,679 | €466,104 | -€22,575 | -4.6% |
| Fixed assets | 21/28 | €423,147 | €375,814 | -€47,333 | -11.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €423,147 | €375,814 | -€47,333 | -11.2% |
| Plant, machinery and equipment | 23 | €5,013 | €4,470 | -€543 | -10.8% |
| Furniture and vehicles | 24 | €38,256 | €26,225 | -€12,031 | -31.4% |
| Other tangible fixed assets | 26 | €379,878 | €345,119 | -€34,759 | -9.2% |
| Current assets | 29/58 | €65,532 | €90,290 | +€24,758 | +37.8% |
| Amounts receivable within one year | 40/41 | €28,794 | €30,059 | +€1,265 | +4.4% |
| Trade receivables | 40 | €28,257 | €30,059 | +€1,802 | +6.4% |
| Other amounts receivable | 41 | €537 | €0 | -€537 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,392 | €59,074 | +€22,682 | +62.3% |
| Deferred charges and accrued income | 490/1 | €345 | €1,157 | +€812 | +235.0% |
| Total equity and liabilities | 10/49 | €488,679 | €466,104 | -€22,575 | -4.6% |
| Equity | 10/15 | €77,520 | €55,701 | -€21,820 | -28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,860 | €36,360 | -€31,500 | -46.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €66,000 | €34,500 | -€31,500 | -47.7% |
| Profit (loss) carried forward | 14 | -€8,940 | €741 | +€9,680 | |
| Amounts payable | 17/49 | €411,159 | €410,403 | -€755 | -0.2% |
| Amounts payable after more than one year | 17 | €319,053 | €290,391 | -€28,662 | -9.0% |
| Financial debts | 170/4 | €319,053 | €290,391 | -€28,662 | -9.0% |
| Amounts payable within one year | 42/48 | €92,105 | €120,012 | +€27,907 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €43,237 | €28,662 | -€14,575 | -33.7% |
| Trade debts | 44 | €1,168 | €1,017 | -€151 | -13.0% |
| Suppliers | 440/4 | €1,168 | €1,017 | -€151 | -13.0% |
| Taxes, remuneration and social security | 45 | €10,741 | €17,302 | +€6,562 | +61.1% |
| Taxes | 450/3 | €10,741 | €17,302 | +€6,562 | +61.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €36,960 | €73,032 | +€36,072 | +97.6% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,467 | €51,174 | -€293 | -0.6% |
| Other operating charges | 640/8 | €3,177 | €3,300 | +€123 | +3.9% |
| Gross operating margin | 9900 | €75,739 | €84,541 | +€8,801 | +11.6% |
| Operating profit (loss) | 9901 | €21,095 | €30,067 | +€8,972 | +42.5% |
| Financial income | 75/76B | €0 | €10 | +€10 | +2328.6% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +2328.6% |
| Financial charges | 65/66B | €7,867 | €7,525 | -€342 | -4.3% |
| Recurring financial charges | 65 | €7,867 | €7,525 | -€342 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €13,229 | €22,552 | +€9,323 | +70.5% |
| Income taxes | 67/77 | €2,692 | €7,872 | +€5,180 | +192.4% |
| Profit (loss) for the period | 9904 | €10,537 | €14,680 | +€4,143 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,537 | €14,680 | +€4,143 | +39.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.