ARBinvest: 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.
ARBinvest
Largest movements
- Tangible fixed assets -€34,167
down €34,167 (-13.7%), from €248,671 to €214,504
of which Furniture and vehicles: -€17,621
- Receivables within one year +€15,144
up €15,144 (+18.5%), from €81,661 to €96,804
of which Other amounts receivable: +€17,453
- Debts after one year -€20,493
down €20,493 (-10.0%), from €205,915 to €185,421
- Profit (loss) carried forward -€10,476
down €10,476 (-22.8%), from €46,001 to €35,525
- Trade debts +€7,702
up €7,702 (+191%), from €4,025 to €11,727
- Gross operating margin -€28,065
down €28,065 (-43.4%), from €64,600 to €36,534
- Depreciation +€10,727
up €10,727 (+43.0%), from €24,933 to €35,660
- Taxes -€7,182
down €7,182 (-95.8%), from €7,498 to €316
- Financial charges -€1,173
down €1,173 (-15.7%), from €7,463 to €6,290
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 | €335,037 | €313,480 | -€21,558 | -6.4% |
| Fixed assets | 21/28 | €248,761 | €214,594 | -€34,167 | -13.7% |
| Tangible fixed assets | 22/27 | €248,671 | €214,504 | -€34,167 | -13.7% |
| Land and buildings | 22 | €203,370 | €186,823 | -€16,547 | -8.1% |
| Furniture and vehicles | 24 | €45,301 | €27,680 | -€17,621 | -38.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €86,276 | €98,886 | +€12,610 | +14.6% |
| Amounts receivable within one year | 40/41 | €81,661 | €96,804 | +€15,144 | +18.5% |
| Trade receivables | 40 | €2,310 | - | -€2,310 | |
| Other amounts receivable | 41 | €79,351 | €96,804 | +€17,453 | +22.0% |
| Cash at bank and in hand | 54/58 | €2,557 | €709 | -€1,848 | -72.3% |
| Deferred charges and accrued income | 490/1 | €2,059 | €1,373 | -€686 | -33.3% |
| Total equity and liabilities | 10/49 | €335,037 | €313,480 | -€21,558 | -6.4% |
| Equity | 10/15 | €71,061 | €60,585 | -€10,476 | -14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,860 | €18,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,001 | €35,525 | -€10,476 | -22.8% |
| Amounts payable | 17/49 | €263,976 | €252,895 | -€11,082 | -4.2% |
| Amounts payable after more than one year | 17 | €205,915 | €185,421 | -€20,493 | -10.0% |
| Financial debts | 170/4 | €205,915 | €185,421 | -€20,493 | -10.0% |
| Amounts payable within one year | 42/48 | €58,062 | €67,473 | +€9,412 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €19,855 | €21,296 | +€1,441 | +7.3% |
| Trade debts | 44 | €4,025 | €11,727 | +€7,702 | +191% |
| Suppliers | 440/4 | €4,025 | €11,727 | +€7,702 | +191% |
| Taxes, remuneration and social security | 45 | €19,182 | €19,450 | +€268 | +1.4% |
| Taxes | 450/3 | €16,940 | €14,992 | -€1,947 | -11.5% |
| Remuneration and social security | 454/9 | €2,242 | €4,458 | +€2,216 | +98.8% |
| Other amounts payable | 47/48 | €15,000 | €15,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,933 | €35,660 | +€10,727 | +43.0% |
| Other operating charges | 640/8 | €3,215 | €3,103 | -€111 | -3.5% |
| Non-recurring operating charges | 66A | €1,424 | €1,643 | +€219 | +15.4% |
| Gross operating margin | 9900 | €64,600 | €36,534 | -€28,065 | -43.4% |
| Operating profit (loss) | 9901 | €35,028 | -€3,872 | -€38,901 | |
| Financial income | 75/76B | €2 | €2 | -€0 | -5.4% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -5.4% |
| Financial charges | 65/66B | €7,463 | €6,290 | -€1,173 | -15.7% |
| Recurring financial charges | 65 | €7,463 | €6,290 | -€1,173 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €27,567 | -€10,160 | -€37,727 | |
| Income taxes | 67/77 | €7,498 | €316 | -€7,182 | -95.8% |
| Profit (loss) for the period | 9904 | €20,069 | -€10,476 | -€30,545 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,069 | -€10,476 | -€30,545 |
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 23 October 2026 via checked.be.