ARBELAR: 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.
ARBELAR
Largest movements
- Receivables within one year -€13,471
down €13,471 (-52.4%), from €25,698 to €12,227
of which Trade receivables: -€13,549
- Cash +€9,094
up €9,094 (+642.8%), from €1,415 to €10,509
mainly Receivables within one year (+€13,471) and Depreciation (+€6,172)
- Intangible fixed assets -€2,660
down €2,660 (-22.8%), from €11,689 to €9,029
- Tangible fixed assets -€2,112
down €2,112 (-17.3%), from €12,237 to €10,125
- Other debts -€9,702
down €9,702 (-24.5%), from €39,655 to €29,953
- Trade debts -€3,790
down €3,790 (-36.0%), from €10,522 to €6,732
- Profit (loss) carried forward +€2,779
up €2,779 (+13.9%), from -€20,052 to -€17,273
- Tax, wage and social debts +€1,564
up €1,564 (+17.5%), from €8,914 to €10,479
- Gross operating margin +€23,405
up €23,405, from -€12,066 to €11,339
- Depreciation +€2,091
up €2,091 (+51.2%), from €4,081 to €6,172
- Other operating charges -€202
down €202 (-14.0%), from €1,444 to €1,242
- Financial charges +€186
up €186 (+22.3%), from €831 to €1,016
- Taxes +€130
up €130 (+2479.2%), from €5 to €135
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 | €51,039 | €41,890 | -€9,149 | -17.9% |
| Fixed assets | 21/28 | €23,926 | €19,155 | -€4,772 | -19.9% |
| Intangible fixed assets | 21 | €11,689 | €9,029 | -€2,660 | -22.8% |
| Tangible fixed assets | 22/27 | €12,237 | €10,125 | -€2,112 | -17.3% |
| Furniture and vehicles | 24 | €12,237 | €10,125 | -€2,112 | -17.3% |
| Current assets | 29/58 | €27,113 | €22,736 | -€4,377 | -16.1% |
| Amounts receivable within one year | 40/41 | €25,698 | €12,227 | -€13,471 | -52.4% |
| Trade receivables | 40 | €22,909 | €9,360 | -€13,549 | -59.1% |
| Other amounts receivable | 41 | €2,789 | €2,867 | +€78 | +2.8% |
| Cash at bank and in hand | 54/58 | €1,415 | €10,509 | +€9,094 | +642.8% |
| Total equity and liabilities | 10/49 | €51,039 | €41,890 | -€9,149 | -17.9% |
| Equity | 10/15 | -€8,052 | -€5,273 | +€2,779 | +34.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,052 | -€17,273 | +€2,779 | +13.9% |
| Amounts payable | 17/49 | €59,091 | €47,163 | -€11,928 | -20.2% |
| Amounts payable within one year | 42/48 | €59,091 | €47,163 | -€11,928 | -20.2% |
| Trade debts | 44 | €10,522 | €6,732 | -€3,790 | -36.0% |
| Suppliers | 440/4 | €10,522 | €6,732 | -€3,790 | -36.0% |
| Taxes, remuneration and social security | 45 | €8,914 | €10,479 | +€1,564 | +17.5% |
| Taxes | 450/3 | €8,914 | €10,479 | +€1,564 | +17.5% |
| Other amounts payable | 47/48 | €39,655 | €29,953 | -€9,702 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,081 | €6,172 | +€2,091 | +51.2% |
| Other operating charges | 640/8 | €1,444 | €1,242 | -€202 | -14.0% |
| Gross operating margin | 9900 | -€12,066 | €11,339 | +€23,405 | |
| Operating profit (loss) | 9901 | -€17,591 | €3,925 | +€21,516 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +3769.2% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +3769.2% |
| Financial charges | 65/66B | €831 | €1,016 | +€186 | +22.3% |
| Recurring financial charges | 65 | €831 | €1,016 | +€186 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,421 | €2,914 | +€21,335 | |
| Income taxes | 67/77 | €5 | €135 | +€130 | +2479.2% |
| Profit (loss) for the period | 9904 | -€18,427 | €2,779 | +€21,206 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,427 | €2,779 | +€21,206 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.