Arbitrium: 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.
Arbitrium
Largest movements
- Receivables within one year -€4,073
down €4,073 (-18.4%), from €22,153 to €18,080
of which Trade receivables: -€4,597
- Cash -€2,824
down €2,824 (-22.3%), from €12,681 to €9,857
mainly Net result for the year (-€8,456) and Trade debts (-€202)
- Profit (loss) carried forward -€8,456
down €8,456 (-183.6%), from -€4,607 to -€13,063
- Tax, wage and social debts +€1,689
up €1,689 (+104.1%), from €1,623 to €3,312
of which Remuneration and social security: +€2,055
- Gross operating margin -€8,126
down €8,126, from €4,117 to -€4,009
- Purchases and services +€6,267
new in 2023: €6,267
- Turnover +€2,258
new in 2023: €2,258
- Other operating charges +€1,099
up €1,099 (+666.0%), from €165 to €1,264
- Staff costs -€928
down €928 (-22.8%), from €4,080 to €3,151
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,305 | €28,297 | -€7,008 | -19.9% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €35,105 | €28,097 | -€7,008 | -20.0% |
| Amounts receivable within one year | 40/41 | €22,153 | €18,080 | -€4,073 | -18.4% |
| Trade receivables | 40 | €22,153 | €17,555 | -€4,597 | -20.8% |
| Other amounts receivable | 41 | - | €524 | +€524 | |
| Cash at bank and in hand | 54/58 | €12,681 | €9,857 | -€2,824 | -22.3% |
| Deferred charges and accrued income | 490/1 | €272 | €161 | -€111 | -40.9% |
| Total equity and liabilities | 10/49 | €35,305 | €28,297 | -€7,008 | -19.9% |
| Equity | 10/15 | €9,793 | €1,337 | -€8,456 | -86.4% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,607 | -€13,063 | -€8,456 | -183.6% |
| Amounts payable | 17/49 | €25,512 | €26,960 | +€1,448 | +5.7% |
| Amounts payable within one year | 42/48 | €25,512 | €26,960 | +€1,448 | +5.7% |
| Trade debts | 44 | €16,799 | €16,597 | -€202 | -1.2% |
| Suppliers | 440/4 | €16,799 | €16,597 | -€202 | -1.2% |
| Taxes, remuneration and social security | 45 | €1,623 | €3,312 | +€1,689 | +104.1% |
| Taxes | 450/3 | €366 | - | -€366 | |
| Remuneration and social security | 454/9 | €1,257 | €3,312 | +€2,055 | +163.5% |
| Other amounts payable | 47/48 | €7,090 | €7,051 | -€39 | -0.6% |
| Turnover | 70 | - | €2,258 | +€2,258 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €6,267 | +€6,267 | |
| Remuneration, social security and pensions | 62 | €4,080 | €3,151 | -€928 | -22.8% |
| Other operating charges | 640/8 | €165 | €1,264 | +€1,099 | +666.0% |
| Gross operating margin | 9900 | €4,117 | -€4,009 | -€8,126 | |
| Operating profit (loss) | 9901 | -€128 | -€8,424 | -€8,296 | -6476.9% |
| Financial income | 75/76B | €375 | €3 | -€372 | -99.3% |
| Recurring financial income | 75 | €375 | €3 | -€372 | -99.3% |
| Non-recurring financial income | 76B | - | €3 | +€3 | |
| Financial charges | 65/66B | €64 | €35 | -€30 | -46.0% |
| Recurring financial charges | 65 | €64 | €35 | -€30 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €182 | -€8,456 | -€8,639 | |
| Income taxes | 67/77 | €49 | - | -€49 | |
| Profit (loss) for the period | 9904 | €134 | -€8,456 | -€8,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €134 | -€8,456 | -€8,590 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.