ARBIMO: 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.
ARBIMO
Largest movements
- Cash -€254,998
down €254,998 (-84.1%), from €303,343 to €48,345
mainly Receivables after one year (-€237,296) and Investment in fixed assets (net) (-€198,710)
- Receivables after one year +€237,296
new in 2025: €237,296
- Tangible fixed assets +€153,196
up €153,196 (+33.7%), from €454,227 to €607,424
of which Land and buildings: +€155,718
- Debts after one year +€183,044
new in 2025: €183,044
- Profit (loss) carried forward -€40,956
down €40,956 (-30.1%), from €136,174 to €95,218
- Current portion of long-term debt +€16,956
new in 2025: €16,956
- Tax, wage and social debts -€14,731
down €14,731 (-66.3%), from €22,214 to €7,483
of which Remuneration and social security: -€15,199
- Trade debts -€11,216
down €11,216 (-70.4%), from €15,933 to €4,717
- Staff costs -€62,275
down €62,275 (-43.8%), from €142,151 to €79,876
- Gross operating margin +€16,646
up €16,646 (+13.2%), from €125,774 to €142,420
- Write-downs -€5,764
down €5,764, from €4,443 to -€1,321
- Financial charges +€2,070
up €2,070 (+4498.1%), from €46 to €2,116
- Other operating charges +€1,603
up €1,603 (+10.8%), from €14,909 to €16,512
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 | €774,501 | €908,264 | +€133,763 | +17.3% |
| Fixed assets | 21/28 | €456,677 | €607,995 | +€151,318 | +33.1% |
| Intangible fixed assets | 21 | €2,450 | €571 | -€1,878 | -76.7% |
| Tangible fixed assets | 22/27 | €454,227 | €607,424 | +€153,196 | +33.7% |
| Land and buildings | 22 | €449,339 | €605,057 | +€155,718 | +34.7% |
| Other tangible fixed assets | 26 | €4,888 | €2,366 | -€2,522 | -51.6% |
| Current assets | 29/58 | €317,824 | €300,269 | -€17,555 | -5.5% |
| Amounts receivable after more than one year | 29 | - | €237,296 | +€237,296 | |
| Other amounts receivable | 291 | - | €237,296 | +€237,296 | |
| Amounts receivable within one year | 40/41 | €13,840 | €9,280 | -€4,560 | -32.9% |
| Trade receivables | 40 | €13,539 | €9,047 | -€4,492 | -33.2% |
| Other amounts receivable | 41 | €301 | €234 | -€68 | -22.4% |
| Cash at bank and in hand | 54/58 | €303,343 | €48,345 | -€254,998 | -84.1% |
| Deferred charges and accrued income | 490/1 | €641 | €5,347 | +€4,707 | +734.7% |
| Total equity and liabilities | 10/49 | €774,501 | €908,264 | +€133,763 | +17.3% |
| Equity | 10/15 | €725,403 | €683,553 | -€41,850 | -5.8% |
| Contributions | 10/11 | €59,809 | €59,809 | = | 0.0% |
| Reserves | 13 | €498,825 | €498,825 | = | 0.0% |
| Distributable reserves | 133 | €498,825 | €498,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,174 | €95,218 | -€40,956 | -30.1% |
| Investment grants | 15 | €30,595 | €29,700 | -€894 | -2.9% |
| Provisions and deferred taxes | 16 | €10,399 | €10,095 | -€304 | -2.9% |
| Deferred taxes | 168 | €10,399 | €10,095 | -€304 | -2.9% |
| Amounts payable | 17/49 | €38,699 | €214,616 | +€175,917 | +454.6% |
| Amounts payable after more than one year | 17 | - | €183,044 | +€183,044 | |
| Financial debts | 170/4 | - | €183,044 | +€183,044 | |
| Amounts payable within one year | 42/48 | €38,699 | €29,466 | -€9,233 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | - | €16,956 | +€16,956 | |
| Trade debts | 44 | €15,933 | €4,717 | -€11,216 | -70.4% |
| Suppliers | 440/4 | €15,933 | €4,717 | -€11,216 | -70.4% |
| Advances received on contracts in progress | 46 | €552 | €0 | -€552 | -100.0% |
| Taxes, remuneration and social security | 45 | €22,214 | €7,483 | -€14,731 | -66.3% |
| Taxes | 450/3 | €0 | €469 | +€469 | |
| Remuneration and social security | 454/9 | €22,214 | €7,014 | -€15,199 | -68.4% |
| Other amounts payable | 47/48 | - | €309 | +€309 | |
| Accrued charges and deferred income | 492/3 | - | €2,106 | +€2,106 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €142,151 | €79,876 | -€62,275 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,798 | €47,392 | +€1,594 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,443 | -€1,321 | -€5,764 | |
| Other operating charges | 640/8 | €14,909 | €16,512 | +€1,603 | +10.8% |
| Gross operating margin | 9900 | €125,774 | €142,420 | +€16,646 | +13.2% |
| Operating profit (loss) | 9901 | -€81,527 | -€38 | +€81,489 | +100.0% |
| Financial income | 75/76B | €1 | €894 | +€893 | +102700.0% |
| Recurring financial income | 75 | €1 | €894 | +€893 | +102700.0% |
| Financial charges | 65/66B | €46 | €2,116 | +€2,070 | +4498.1% |
| Recurring financial charges | 65 | €46 | €2,116 | +€2,070 | +4498.1% |
| Profit (loss) for the period before taxes | 9903 | -€81,572 | -€1,260 | +€80,312 | +98.5% |
| Transfer from deferred taxes | 780 | €1,515 | €304 | -€1,211 | -79.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€80,057 | -€956 | +€79,101 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,057 | -€956 | +€79,101 | +98.8% |
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.