ARBEFRY: 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.
ARBEFRY
Largest movements
- Tangible fixed assets -€149,397
down €149,397 (-14.1%), from €1.1m to €913,332
of which Plant, machinery and equipment: -€102,345
- Cash +€65,620
up €65,620 (+916.8%), from €7,158 to €72,778
mainly Depreciation (+€143,474) and Net result for the year (+€17,010)
- Receivables within one year -€11,511
down €11,511 (-19.5%), from €58,893 to €47,383
of which Trade receivables: -€11,409
- Debts after one year -€119,184
down €119,184 (-29.6%), from €403,133 to €283,950
of which Financial debts: -€119,184
- Current portion of long-term debt -€17,083
down €17,083 (-12.5%), from €136,267 to €119,184
- Reserves +€17,000
up €17,000 (+25.8%), from €66,000 to €83,000
of which Distributable reserves: +€17,000
- Other debts +€15,678
up €15,678 (+4.0%), from €390,321 to €405,998
- Gross operating margin +€34,921
up €34,921 (+21.6%), from €162,043 to €196,964
- Depreciation +€18,281
up €18,281 (+14.6%), from €125,193 to €143,474
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 | €1,138,989 | €1,033,927 | -€105,062 | -9.2% |
| Fixed assets | 21/28 | €1,062,730 | €913,332 | -€149,397 | -14.1% |
| Tangible fixed assets | 22/27 | €1,062,730 | €913,332 | -€149,397 | -14.1% |
| Land and buildings | 22 | €467,613 | €429,914 | -€37,699 | -8.1% |
| Plant, machinery and equipment | 23 | €585,763 | €483,418 | -€102,345 | -17.5% |
| Furniture and vehicles | 24 | €9,353 | €0 | -€9,353 | -100.0% |
| Current assets | 29/58 | €76,260 | €120,595 | +€44,335 | +58.1% |
| Amounts receivable within one year | 40/41 | €58,893 | €47,383 | -€11,511 | -19.5% |
| Trade receivables | 40 | €58,792 | €47,383 | -€11,409 | -19.4% |
| Other amounts receivable | 41 | €101 | €0 | -€101 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,158 | €72,778 | +€65,620 | +916.8% |
| Deferred charges and accrued income | 490/1 | €10,209 | €434 | -€9,775 | -95.7% |
| Total equity and liabilities | 10/49 | €1,138,989 | €1,033,927 | -€105,062 | -9.2% |
| Equity | 10/15 | €195,312 | €212,322 | +€17,010 | +8.7% |
| Contributions | 10/11 | €129,002 | €129,002 | = | 0.0% |
| Capital | 10 | €129,002 | €129,002 | = | 0.0% |
| Issued capital | 100 | €129,002 | €129,002 | = | 0.0% |
| Reserves | 13 | €66,000 | €83,000 | +€17,000 | +25.8% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €23,000 | +€17,000 | +283.3% |
| Profit (loss) carried forward | 14 | €310 | €319 | +€10 | +3.1% |
| Amounts payable | 17/49 | €943,677 | €821,605 | -€122,072 | -12.9% |
| Amounts payable after more than one year | 17 | €403,133 | €283,950 | -€119,184 | -29.6% |
| Financial debts | 170/4 | €395,633 | €276,450 | -€119,184 | -30.1% |
| Other amounts payable | 178/9 | €7,500 | €7,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €539,565 | €537,656 | -€1,909 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €136,267 | €119,184 | -€17,083 | -12.5% |
| Trade debts | 44 | €2,842 | €6,209 | +€3,367 | +118.5% |
| Suppliers | 440/4 | €2,842 | €6,209 | +€3,367 | +118.5% |
| Taxes, remuneration and social security | 45 | €10,135 | €6,265 | -€3,871 | -38.2% |
| Taxes | 450/3 | €10,135 | €6,265 | -€3,871 | -38.2% |
| Other amounts payable | 47/48 | €390,321 | €405,998 | +€15,678 | +4.0% |
| Accrued charges and deferred income | 492/3 | €979 | €0 | -€979 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,375 | €0 | -€1,375 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,193 | €143,474 | +€18,281 | +14.6% |
| Other operating charges | 640/8 | €9,476 | €7,883 | -€1,593 | -16.8% |
| Non-recurring operating charges | 66A | - | €439 | +€439 | |
| Gross operating margin | 9900 | €162,043 | €196,964 | +€34,921 | +21.6% |
| Operating profit (loss) | 9901 | €25,999 | €45,168 | +€19,168 | +73.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €26,967 | €26,381 | -€586 | -2.2% |
| Recurring financial charges | 65 | €26,967 | €26,381 | -€586 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€968 | €18,787 | +€19,754 | |
| Income taxes | 67/77 | €249 | €1,777 | +€1,528 | +614.0% |
| Profit (loss) for the period | 9904 | -€1,217 | €17,010 | +€18,226 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,217 | €17,010 | +€18,226 |
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 12 October 2026 via checked.be.