ARBAT: 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.
ARBAT
Largest movements
- Receivables within one year +€1,727
up €1,727 (+16.3%), from €10,604 to €12,331
of which Trade receivables: +€1,600
- Cash -€1,416
down €1,416 (-55.1%), from €2,571 to €1,155
mainly Other debts (-€7,636) and Receivables within one year (-€1,727)
- Other debts -€7,636
down €7,636 (-32.3%), from €23,668 to €16,032
- Profit (loss) carried forward +€5,078
up €5,078 (+18.2%), from -€27,903 to -€22,825
- Tax, wage and social debts +€1,793
up €1,793 (+147.5%), from €1,216 to €3,009
- Accrued charges and deferred income +€1,076
new in 2025: €1,076
- Gross operating margin -€4,397
down €4,397 (-31.9%), from €13,767 to €9,370
- Taxes +€1,779
up €1,779 (+289.3%), from €615 to €2,394
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 | €15,573 | €15,884 | +€311 | +2.0% |
| Fixed assets | 21/28 | €2,398 | €2,398 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,348 | €2,348 | = | 0.0% |
| Land and buildings | 22 | €2,348 | €2,348 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €13,175 | €13,486 | +€311 | +2.4% |
| Amounts receivable within one year | 40/41 | €10,604 | €12,331 | +€1,727 | +16.3% |
| Trade receivables | 40 | €10,000 | €11,600 | +€1,600 | +16.0% |
| Other amounts receivable | 41 | €604 | €731 | +€127 | +21.0% |
| Cash at bank and in hand | 54/58 | €2,571 | €1,155 | -€1,416 | -55.1% |
| Total equity and liabilities | 10/49 | €15,573 | €15,884 | +€311 | +2.0% |
| Equity | 10/15 | -€9,311 | -€4,233 | +€5,078 | +54.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,903 | -€22,825 | +€5,078 | +18.2% |
| Amounts payable | 17/49 | €24,884 | €20,117 | -€4,767 | -19.2% |
| Amounts payable within one year | 42/48 | €24,884 | €19,041 | -€5,843 | -23.5% |
| Taxes, remuneration and social security | 45 | €1,216 | €3,009 | +€1,793 | +147.5% |
| Taxes | 450/3 | €1,216 | €3,009 | +€1,793 | +147.5% |
| Other amounts payable | 47/48 | €23,668 | €16,032 | -€7,636 | -32.3% |
| Accrued charges and deferred income | 492/3 | - | €1,076 | +€1,076 | |
| Other operating charges | 640/8 | €1,540 | €1,502 | -€38 | -2.5% |
| Gross operating margin | 9900 | €13,767 | €9,370 | -€4,397 | -31.9% |
| Operating profit (loss) | 9901 | €12,227 | €7,868 | -€4,359 | -35.7% |
| Financial charges | 65/66B | €335 | €396 | +€61 | +18.2% |
| Recurring financial charges | 65 | €335 | €396 | +€61 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €11,892 | €7,472 | -€4,420 | -37.2% |
| Income taxes | 67/77 | €615 | €2,394 | +€1,779 | +289.3% |
| Profit (loss) for the period | 9904 | €11,277 | €5,078 | -€6,199 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,277 | €5,078 | -€6,199 | -55.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.