ARBELUX: 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.
ARBELUX
Largest movements
- Tangible fixed assets -€2,276
down €2,276 (-87.6%), from €2,599 to €323
of which Plant, machinery and equipment: -€1,855
- Receivables within one year -€597
down €597 (-40.4%), from €1,479 to €882
of which Other amounts receivable: -€1,479
- Profit (loss) carried forward -€8,241
down €8,241 (-178.1%), from -€4,626 to -€12,867
- Other debts +€5,644
new in 2025: €5,644
- Tax, wage and social debts -€273
no longer reported in 2025 (was €273)
- Trade debts -€42
down €42 (-1.2%), from €3,501 to €3,459
- Gross operating margin -€2,486
down €2,486 (-88.6%), from -€2,805 to -€5,291
- Other operating charges +€480
up €480 (+564.1%), from €85 to €565
- Depreciation -€330
down €330 (-15.1%), from €2,185 to €1,855
- Financial income -€114
no longer reported in 2025 (was €114)
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 | €4,148 | €1,236 | -€2,912 | -70.2% |
| Fixed assets | 21/28 | €2,599 | €323 | -€2,276 | -87.6% |
| Tangible fixed assets | 22/27 | €2,599 | €323 | -€2,276 | -87.6% |
| Plant, machinery and equipment | 23 | €2,177 | €323 | -€1,855 | -85.2% |
| Furniture and vehicles | 24 | €421 | - | -€421 | |
| Current assets | 29/58 | €1,549 | €913 | -€636 | -41.0% |
| Amounts receivable within one year | 40/41 | €1,479 | €882 | -€597 | -40.4% |
| Trade receivables | 40 | - | €882 | +€882 | |
| Other amounts receivable | 41 | €1,479 | - | -€1,479 | |
| Cash at bank and in hand | 54/58 | €70 | €31 | -€39 | -55.4% |
| Total equity and liabilities | 10/49 | €4,148 | €1,236 | -€2,912 | -70.2% |
| Equity | 10/15 | €374 | -€7,867 | -€8,241 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,626 | -€12,867 | -€8,241 | -178.1% |
| Amounts payable | 17/49 | €3,774 | €9,104 | +€5,330 | +141.2% |
| Amounts payable within one year | 42/48 | €3,774 | €9,104 | +€5,330 | +141.2% |
| Trade debts | 44 | €3,501 | €3,459 | -€42 | -1.2% |
| Suppliers | 440/4 | €3,501 | €3,459 | -€42 | -1.2% |
| Taxes, remuneration and social security | 45 | €273 | - | -€273 | |
| Taxes | 450/3 | €273 | - | -€273 | |
| Other amounts payable | 47/48 | - | €5,644 | +€5,644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,185 | €1,855 | -€330 | -15.1% |
| Other operating charges | 640/8 | €85 | €565 | +€480 | +564.1% |
| Non-recurring operating charges | 66A | - | €421 | +€421 | |
| Gross operating margin | 9900 | -€2,805 | -€5,291 | -€2,486 | -88.6% |
| Operating profit (loss) | 9901 | -€5,075 | -€8,132 | -€3,057 | -60.2% |
| Financial income | 75/76B | €114 | - | -€114 | |
| Recurring financial income | 75 | €114 | - | -€114 | |
| Financial charges | 65/66B | €75 | €110 | +€34 | +45.7% |
| Recurring financial charges | 65 | €75 | €110 | +€34 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,036 | -€8,241 | -€3,205 | -63.6% |
| Profit (loss) for the period | 9904 | -€5,036 | -€8,241 | -€3,205 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,036 | -€8,241 | -€3,205 | -63.6% |
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 30 September 2026 via checked.be.