ARBO XPERT: 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 XPERT
Largest movements
- Receivables within one year +€29,819
up €29,819 (+106%), from €28,095 to €57,914
of which Other amounts receivable: +€15,269
- Cash -€9,189
down €9,189 (-70.1%), from €13,116 to €3,927
mainly Receivables within one year (-€29,819) and Investment in fixed assets (net) (-€26,950)
- Tangible fixed assets +€6,932
up €6,932 (+14.0%), from €49,538 to €56,470
of which Plant, machinery and equipment: +€14,006
- Profit (loss) carried forward +€30,107
up €30,107 (+91.4%), from €32,954 to €63,061
- Debts after one year -€4,318
down €4,318 (-35.4%), from €12,197 to €7,879
- Trade debts +€3,939
up €3,939 (+18.9%), from €20,808 to €24,747
- Other debts -€1,775
down €1,775 (-100%), from €1,775 to €0
- Gross operating margin +€14,327
up €14,327 (+26.2%), from €54,666 to €68,992
- Depreciation +€12,031
up €12,031 (+151%), from €7,987 to €20,018
- Staff costs +€5,410
up €5,410 (+900%), from €601 to €6,011
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 | €90,825 | €118,925 | +€28,101 | +30.9% |
| Fixed assets | 21/28 | €49,539 | €56,470 | +€6,932 | +14.0% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100% |
| Tangible fixed assets | 22/27 | €49,538 | €56,470 | +€6,932 | +14.0% |
| Plant, machinery and equipment | 23 | €29,016 | €43,022 | +€14,006 | +48.3% |
| Furniture and vehicles | 24 | €19,856 | €13,076 | -€6,780 | -34.1% |
| Other tangible fixed assets | 26 | €667 | €373 | -€294 | -44.1% |
| Current assets | 29/58 | €41,286 | €62,455 | +€21,169 | +51.3% |
| Amounts receivable within one year | 40/41 | €28,095 | €57,914 | +€29,819 | +106% |
| Trade receivables | 40 | €27,945 | €42,496 | +€14,550 | +52.1% |
| Other amounts receivable | 41 | €150 | €15,419 | +€15,269 | +10,202% |
| Cash at bank and in hand | 54/58 | €13,116 | €3,927 | -€9,189 | -70.1% |
| Deferred charges and accrued income | 490/1 | €75 | €613 | +€539 | +720% |
| Total equity and liabilities | 10/49 | €90,825 | €118,925 | +€28,101 | +30.9% |
| Equity | 10/15 | €35,954 | €66,061 | +€30,107 | +83.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,954 | €63,061 | +€30,107 | +91.4% |
| Amounts payable | 17/49 | €54,870 | €52,864 | -€2,006 | -3.7% |
| Amounts payable after more than one year | 17 | €12,197 | €7,879 | -€4,318 | -35.4% |
| Financial debts | 170/4 | €12,197 | €7,879 | -€4,318 | -35.4% |
| Amounts payable within one year | 42/48 | €42,673 | €44,850 | +€2,176 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €4,868 | €4,318 | -€550 | -11.3% |
| Trade debts | 44 | €20,808 | €24,747 | +€3,939 | +18.9% |
| Suppliers | 440/4 | €20,808 | €24,747 | +€3,939 | +18.9% |
| Taxes, remuneration and social security | 45 | €15,223 | €15,784 | +€562 | +3.7% |
| Taxes | 450/3 | €9,223 | €9,495 | +€272 | +3.0% |
| Remuneration and social security | 454/9 | €6,000 | €6,289 | +€289 | +4.8% |
| Other amounts payable | 47/48 | €1,775 | €0 | -€1,775 | -100% |
| Accrued charges and deferred income | 492/3 | - | €136 | +€136 | |
| Remuneration, social security and pensions | 62 | €601 | €6,011 | +€5,410 | +900% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,987 | €20,018 | +€12,031 | +151% |
| Other operating charges | 640/8 | €137 | €584 | +€447 | +326% |
| Gross operating margin | 9900 | €54,666 | €68,992 | +€14,327 | +26.2% |
| Operating profit (loss) | 9901 | €45,941 | €42,379 | -€3,561 | -7.8% |
| Financial income | 75/76B | €0 | €422 | +€422 | +4,220,300% |
| Recurring financial income | 75 | €0 | €422 | +€422 | +4,220,300% |
| Financial charges | 65/66B | €4,391 | €4,732 | +€341 | +7.8% |
| Recurring financial charges | 65 | €4,391 | €4,732 | +€341 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €41,549 | €38,069 | -€3,480 | -8.4% |
| Income taxes | 67/77 | €8,595 | €7,962 | -€632 | -7.4% |
| Profit (loss) for the period | 9904 | €32,954 | €30,107 | -€2,848 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,954 | €30,107 | -€2,848 | -8.6% |
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 31 October 2026 via checked.be.