ARBO Construct: 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.
ARBO Construct
Largest movements
- Cash +€12,671
up €12,671 (+4.2%), from €300,247 to €312,918
mainly Other debts (+€99,723) and Net result for the year (+€55,634)
- Tangible fixed assets -€10,891
down €10,891 (-32.2%), from €33,790 to €22,899
- Receivables within one year +€6,288
up €6,288 (+24.1%), from €26,087 to €32,375
of which Trade receivables: +€5,250
- Other debts +€99,723
up €99,723 (+42.4%), from €235,452 to €335,174
- Reserves -€55,629
down €55,629 (-96.8%), from €57,489 to €1,860
of which Distributable reserves: -€55,629
- Tax, wage and social debts -€36,000
down €36,000 (-75.0%), from €47,970 to €11,971
No income-statement line moved by more than 1% of the activity.
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 | €360,124 | €368,192 | +€8,068 | +2.2% |
| Fixed assets | 21/28 | €33,790 | €22,899 | -€10,891 | -32.2% |
| Tangible fixed assets | 22/27 | €33,790 | €22,899 | -€10,891 | -32.2% |
| Furniture and vehicles | 24 | €33,790 | €22,899 | -€10,891 | -32.2% |
| Current assets | 29/58 | €326,335 | €345,293 | +€18,959 | +5.8% |
| Amounts receivable within one year | 40/41 | €26,087 | €32,375 | +€6,288 | +24.1% |
| Trade receivables | 40 | €25,000 | €30,250 | +€5,250 | +21.0% |
| Other amounts receivable | 41 | €1,087 | €2,125 | +€1,038 | +95.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €300,247 | €312,918 | +€12,671 | +4.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €360,124 | €368,192 | +€8,068 | +2.2% |
| Equity | 10/15 | €76,089 | €20,460 | -€55,629 | -73.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,489 | €1,860 | -€55,629 | -96.8% |
| 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 | €55,629 | €0 | -€55,629 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €284,035 | €347,732 | +€63,697 | +22.4% |
| Amounts payable within one year | 42/48 | €284,035 | €347,732 | +€63,697 | +22.4% |
| Trade debts | 44 | €613 | €587 | -€26 | -4.3% |
| Suppliers | 440/4 | €613 | €587 | -€26 | -4.3% |
| Taxes, remuneration and social security | 45 | €47,970 | €11,971 | -€36,000 | -75.0% |
| Taxes | 450/3 | €47,970 | €11,971 | -€36,000 | -75.0% |
| Other amounts payable | 47/48 | €235,452 | €335,174 | +€99,723 | +42.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,891 | €10,891 | = | 0.0% |
| Other operating charges | 640/8 | €982 | €1,413 | +€431 | +43.9% |
| Gross operating margin | 9900 | €80,498 | €80,774 | +€276 | +0.3% |
| Operating profit (loss) | 9901 | €68,624 | €68,469 | -€155 | -0.2% |
| Financial income | 75/76B | €1,471 | €1,831 | +€360 | +24.5% |
| Recurring financial income | 75 | €1,471 | €1,831 | +€360 | +24.5% |
| Financial charges | 65/66B | €112 | €155 | +€43 | +38.0% |
| Recurring financial charges | 65 | €112 | €155 | +€43 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €69,983 | €70,146 | +€163 | +0.2% |
| Income taxes | 67/77 | €14,354 | €14,512 | +€158 | +1.1% |
| Profit (loss) for the period | 9904 | €55,629 | €55,634 | +€5 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,629 | €55,634 | +€5 | 0.0% |
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 28 September 2026 via checked.be.