ARBECOM: 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.
ARBECOM
Largest movements
- Receivables within one year +€62,876
up €62,876 (+181%), from €34,826 to €97,702
of which Trade receivables: +€65,774
- Cash +€21,503
up €21,503 (+29.9%), from €72,024 to €93,527
mainly Net result for the year (+€59,489) and Tax, wage and social debts (+€31,282)
- Current investments +€13,414
new in 2025: €13,414
- Deferred charges and accrued income +€5,054
up €5,054 (+393%), from €1,288 to €6,341
- Tangible fixed assets +€4,231
up €4,231 (+93.8%), from €4,510 to €8,741
of which Land and buildings: +€4,966
- Reserves +€59,488
up €59,488 (+128%), from €46,383 to €105,871
- Tax, wage and social debts +€31,282
up €31,282 (+293%), from €10,669 to €41,951
of which Taxes: +€19,138
- Trade debts +€25,154
up €25,154 (+42.1%), from €59,705 to €84,859
- Other debts -€4,242
down €4,242 (-29.4%), from €14,433 to €10,191
- Gross operating margin +€74,410
up €74,410 (+105%), from €71,033 to €145,443
- Staff costs +€55,356
up €55,356 (+766%), from €7,222 to €62,578
- Taxes +€2,310
up €2,310 (+15.8%), from €14,663 to €16,972
- Financial charges +€1,658
up €1,658 (+214%), from €773 to €2,431
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 | €135,749 | €246,764 | +€111,015 | +81.8% |
| Fixed assets | 21/28 | €4,510 | €8,741 | +€4,231 | +93.8% |
| Tangible fixed assets | 22/27 | €4,510 | €8,741 | +€4,231 | +93.8% |
| Land and buildings | 22 | - | €4,966 | +€4,966 | |
| Plant, machinery and equipment | 23 | €4,510 | €3,775 | -€735 | -16.3% |
| Current assets | 29/58 | €131,239 | €238,023 | +€106,784 | +81.4% |
| Stocks and contracts in progress | 3 | €23,102 | €27,038 | +€3,936 | +17.0% |
| Stocks | 30/36 | €23,102 | €27,038 | +€3,936 | +17.0% |
| Amounts receivable within one year | 40/41 | €34,826 | €97,702 | +€62,876 | +181% |
| Trade receivables | 40 | €31,354 | €97,127 | +€65,774 | +210% |
| Other amounts receivable | 41 | €3,472 | €575 | -€2,897 | -83.4% |
| Current investments | 50/53 | - | €13,414 | +€13,414 | |
| Cash at bank and in hand | 54/58 | €72,024 | €93,527 | +€21,503 | +29.9% |
| Deferred charges and accrued income | 490/1 | €1,288 | €6,341 | +€5,054 | +393% |
| Total equity and liabilities | 10/49 | €135,749 | €246,764 | +€111,015 | +81.8% |
| Equity | 10/15 | €49,383 | €108,871 | +€59,488 | +120% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,383 | €105,871 | +€59,488 | +128% |
| Distributable reserves | 133 | €46,383 | €105,871 | +€59,488 | +128% |
| Amounts payable | 17/49 | €86,366 | €137,893 | +€51,527 | +59.7% |
| Amounts payable within one year | 42/48 | €86,366 | €137,893 | +€51,527 | +59.7% |
| Trade debts | 44 | €59,705 | €84,859 | +€25,154 | +42.1% |
| Suppliers | 440/4 | €59,705 | €84,859 | +€25,154 | +42.1% |
| Advances received on contracts in progress | 46 | €1,559 | €892 | -€667 | -42.8% |
| Taxes, remuneration and social security | 45 | €10,669 | €41,951 | +€31,282 | +293% |
| Taxes | 450/3 | €8,116 | €27,254 | +€19,138 | +236% |
| Remuneration and social security | 454/9 | €2,553 | €14,697 | +€12,144 | +476% |
| Other amounts payable | 47/48 | €14,433 | €10,191 | -€4,242 | -29.4% |
| Remuneration, social security and pensions | 62 | €7,222 | €62,578 | +€55,356 | +766% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €361 | €1,203 | +€843 | +234% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,049 | +€1,049 | |
| Other operating charges | 640/8 | €1,668 | €1,827 | +€159 | +9.5% |
| Gross operating margin | 9900 | €71,033 | €145,443 | +€74,410 | +105% |
| Operating profit (loss) | 9901 | €61,783 | €78,786 | +€17,004 | +27.5% |
| Financial income | 75/76B | €36 | €106 | +€70 | +191% |
| Recurring financial income | 75 | €36 | €106 | +€70 | +191% |
| Financial charges | 65/66B | €773 | €2,431 | +€1,658 | +214% |
| Recurring financial charges | 65 | €773 | €2,431 | +€1,658 | +214% |
| Profit (loss) for the period before taxes | 9903 | €61,046 | €76,462 | +€15,416 | +25.3% |
| Income taxes | 67/77 | €14,663 | €16,972 | +€2,310 | +15.8% |
| Profit (loss) for the period | 9904 | €46,383 | €59,489 | +€13,106 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,383 | €59,489 | +€13,106 | +28.3% |
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 24 October 2026 via checked.be.