ARBITO: 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.
ARBITO
Largest movements
- Current investments +€24,503
up €24,503 (+481%), from €5,092 to €29,595
- Receivables within one year -€7,572
down €7,572 (-32.4%), from €23,391 to €15,819
of which Trade receivables: -€10,398
- Tangible fixed assets -€2,016
down €2,016 (-14.5%), from €13,871 to €11,855
of which Furniture and vehicles: -€1,084
- Deferred charges and accrued income -€1,438
down €1,438 (-34.8%), from €4,127 to €2,689
- Cash -€1,197
down €1,197 (-35.9%), from €3,331 to €2,134
mainly Current investments (-€24,503) and Trade debts (-€10,093)
- Profit (loss) carried forward +€16,369
up €16,369 (+39.9%), from -€41,010 to -€24,641
- Other debts +€13,797
up €13,797 (+430%), from €3,205 to €17,002
- Trade debts -€10,093
down €10,093 (-75.8%), from €13,310 to €3,217
- Tax, wage and social debts -€7,926
no longer reported in 2025 (was €7,926)
of which Remuneration and social security: -€4,092
- Current portion of long-term debt +€959
up €959 (+188%), from €511 to €1,470
- Staff costs -€31,659
down €31,659 (-62.1%), from €50,949 to €19,290
- Gross operating margin +€27,788
up €27,788 (+154%), from €18,046 to €45,834
- Depreciation -€998
down €998 (-21.9%), from €4,560 to €3,562
- Financial income -€685
down €685 (-82.5%), from €830 to €145
- Other operating charges +€498
up €498 (+39.6%), from €1,259 to €1,757
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 | €49,812 | €62,342 | +€12,530 | +25.2% |
| Fixed assets | 21/28 | €13,871 | €12,105 | -€1,766 | -12.7% |
| Tangible fixed assets | 22/27 | €13,871 | €11,855 | -€2,016 | -14.5% |
| Plant, machinery and equipment | 23 | €12,236 | €11,304 | -€932 | -7.6% |
| Furniture and vehicles | 24 | €1,635 | €551 | -€1,084 | -66.3% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €35,941 | €50,237 | +€14,296 | +39.8% |
| Amounts receivable within one year | 40/41 | €23,391 | €15,819 | -€7,572 | -32.4% |
| Trade receivables | 40 | €20,549 | €10,151 | -€10,398 | -50.6% |
| Other amounts receivable | 41 | €2,842 | €5,668 | +€2,826 | +99.4% |
| Current investments | 50/53 | €5,092 | €29,595 | +€24,503 | +481% |
| Cash at bank and in hand | 54/58 | €3,331 | €2,134 | -€1,197 | -35.9% |
| Deferred charges and accrued income | 490/1 | €4,127 | €2,689 | -€1,438 | -34.8% |
| Total equity and liabilities | 10/49 | €49,812 | €62,342 | +€12,530 | +25.2% |
| Equity | 10/15 | €24,260 | €40,629 | +€16,369 | +67.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,670 | €46,670 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,810 | €44,810 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,010 | -€24,641 | +€16,369 | +39.9% |
| Amounts payable | 17/49 | €25,552 | €21,713 | -€3,839 | -15.0% |
| Amounts payable within one year | 42/48 | €24,952 | €21,689 | -€3,263 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €511 | €1,470 | +€959 | +188% |
| Trade debts | 44 | €13,310 | €3,217 | -€10,093 | -75.8% |
| Suppliers | 440/4 | €13,310 | €3,217 | -€10,093 | -75.8% |
| Taxes, remuneration and social security | 45 | €7,926 | - | -€7,926 | |
| Taxes | 450/3 | €3,834 | - | -€3,834 | |
| Remuneration and social security | 454/9 | €4,092 | - | -€4,092 | |
| Other amounts payable | 47/48 | €3,205 | €17,002 | +€13,797 | +430% |
| Accrued charges and deferred income | 492/3 | €600 | €24 | -€576 | -96.0% |
| Remuneration, social security and pensions | 62 | €50,949 | €19,290 | -€31,659 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,560 | €3,562 | -€998 | -21.9% |
| Other operating charges | 640/8 | €1,259 | €1,757 | +€498 | +39.6% |
| Gross operating margin | 9900 | €18,046 | €45,834 | +€27,788 | +154% |
| Operating profit (loss) | 9901 | -€38,722 | €21,225 | +€59,947 | |
| Financial income | 75/76B | €830 | €145 | -€685 | -82.5% |
| Recurring financial income | 75 | €830 | €145 | -€685 | -82.5% |
| Financial charges | 65/66B | €2,925 | €3,108 | +€183 | +6.3% |
| Recurring financial charges | 65 | €2,925 | €3,108 | +€183 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,817 | €18,262 | +€59,079 | |
| Income taxes | 67/77 | €193 | €226 | +€33 | +17.1% |
| Profit (loss) for the period | 9904 | -€41,010 | €18,036 | +€59,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,010 | €18,036 | +€59,046 |
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 13 October 2026 via checked.be.