ARBO: 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.
ARBO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€600
no longer reported in 2024 (was -€600)
From the 2022 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total equity and liabilities | 10/49 | €0 | €0 | = | |
| Equity | 10/15 | -€11,148 | -€11,148 | = | 0.0% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €133 | €133 | = | 0.0% |
| Non-distributable reserves | 130/1 | €133 | €133 | = | 0.0% |
| Reserves not available under the articles | 1311 | €133 | €133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,957 | -€19,957 | = | 0.0% |
| Amounts payable | 17/49 | €11,148 | €11,148 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,148 | €11,148 | = | 0.0% |
| Other amounts payable | 47/48 | €11,148 | €11,148 | = | 0.0% |
| Gross operating margin | 9900 | -€600 | - | +€600 | |
| Operating profit (loss) | 9901 | -€600 | - | +€600 | |
| Profit (loss) for the period before taxes | 9903 | -€600 | - | +€600 | |
| Profit (loss) for the period | 9904 | -€600 | - | +€600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€600 | - | +€600 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.