ARBOCHIM: 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.
ARBOCHIM
Largest movements
- Cash +€1.1m
up €1.1m (+39.6%), from €2.9m to €4.0m
mainly Net result for the year (+€1.5m) and Receivables within one year (+€160,593)
- Receivables within one year -€160,593
down €160,593 (-9.2%), from €1.7m to €1.6m
of which Trade receivables: -€158,633
- Tangible fixed assets -€114,237
down €114,237 (-9.2%), from €1.2m to €1.1m
of which Land and buildings: -€65,209
- Reserves +€1.4m
up €1.4m (+29.5%), from €4.6m to €5.9m
of which Distributable reserves: +€1.4m
- Trade debts -€399,754
down €399,754 (-97.4%), from €410,410 to €10,656
- Financial income +€137,055
up €137,055 (+224.2%), from €61,141 to €198,196
- Financial charges +€57,737
up €57,737 (+55.2%), from €104,524 to €162,261
- Gross operating margin +€47,542
up €47,542 (+2.0%), from €2.4m to €2.5m
- Taxes +€34,926
up €34,926 (+5.2%), from €677,015 to €711,941
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 | €5,865,680 | €6,726,237 | +€860,557 | +14.7% |
| Fixed assets | 21/28 | €1,245,696 | €1,131,459 | -€114,237 | -9.2% |
| Tangible fixed assets | 22/27 | €1,245,302 | €1,131,065 | -€114,237 | -9.2% |
| Land and buildings | 22 | €1,059,336 | €994,127 | -€65,209 | -6.2% |
| Plant, machinery and equipment | 23 | €50,263 | €40,663 | -€9,600 | -19.1% |
| Furniture and vehicles | 24 | €135,703 | €96,275 | -€39,429 | -29.1% |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €4,619,984 | €5,594,778 | +€974,794 | +21.1% |
| Amounts receivable within one year | 40/41 | €1,749,798 | €1,589,204 | -€160,593 | -9.2% |
| Trade receivables | 40 | €1,747,758 | €1,589,124 | -€158,633 | -9.1% |
| Other amounts receivable | 41 | €2,040 | €80 | -€1,960 | -96.1% |
| Cash at bank and in hand | 54/58 | €2,868,824 | €4,005,399 | +€1.1m | +39.6% |
| Deferred charges and accrued income | 490/1 | €1,361 | €174 | -€1,187 | -87.2% |
| Total equity and liabilities | 10/49 | €5,865,680 | €6,726,237 | +€860,557 | +14.7% |
| Equity | 10/15 | €4,649,246 | €6,004,431 | +€1.4m | +29.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,587,246 | €5,942,431 | +€1.4m | +29.5% |
| Non-distributable reserves | 130/1 | €28,600 | €28,600 | = | 0.0% |
| Legal reserve | 130 | €28,600 | €28,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,281 | €67,734 | -€13,547 | -16.7% |
| Distributable reserves | 133 | €4,477,364 | €5,846,096 | +€1.4m | +30.6% |
| Provisions and deferred taxes | 16 | €31,609 | €26,341 | -€5,268 | -16.7% |
| Deferred taxes | 168 | €31,609 | €26,341 | -€5,268 | -16.7% |
| Amounts payable | 17/49 | €1,184,825 | €695,465 | -€489,360 | -41.3% |
| Amounts payable after more than one year | 17 | €429,199 | €370,391 | -€58,808 | -13.7% |
| Financial debts | 170/4 | €429,199 | €370,391 | -€58,808 | -13.7% |
| Amounts payable within one year | 42/48 | €755,626 | €325,074 | -€430,552 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €101,853 | €58,808 | -€43,045 | -42.3% |
| Trade debts | 44 | €410,410 | €10,656 | -€399,754 | -97.4% |
| Suppliers | 440/4 | €410,410 | €10,656 | -€399,754 | -97.4% |
| Taxes, remuneration and social security | 45 | €243,362 | €245,470 | +€2,107 | +0.9% |
| Taxes | 450/3 | €228,220 | €230,666 | +€2,446 | +1.1% |
| Remuneration and social security | 454/9 | €15,142 | €14,804 | -€338 | -2.2% |
| Other amounts payable | 47/48 | - | €10,140 | +€10,140 | |
| Non-recurring operating income | 76A | €552,701 | - | -€552,701 | |
| Remuneration, social security and pensions | 62 | €124,237 | €130,508 | +€6,272 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,605 | €121,839 | +€6,234 | +5.4% |
| Other operating charges | 640/8 | €8,976 | €9,829 | +€853 | +9.5% |
| Gross operating margin | 9900 | €2,410,985 | €2,458,527 | +€47,542 | +2.0% |
| Operating profit (loss) | 9901 | €2,162,166 | €2,196,350 | +€34,183 | +1.6% |
| Financial income | 75/76B | €61,141 | €198,196 | +€137,055 | +224.2% |
| Recurring financial income | 75 | €61,141 | €198,196 | +€137,055 | +224.2% |
| Financial charges | 65/66B | €104,524 | €162,261 | +€57,737 | +55.2% |
| Recurring financial charges | 65 | €104,524 | €162,261 | +€57,737 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €2,118,783 | €2,232,285 | +€113,502 | +5.4% |
| Transfer from deferred taxes | 780 | €5,268 | €5,268 | = | 0.0% |
| Income taxes | 67/77 | €677,015 | €711,941 | +€34,926 | +5.2% |
| Profit (loss) for the period | 9904 | €1,447,037 | €1,525,613 | +€78,576 | +5.4% |
| Transfer from tax-exempt reserves | 789 | €13,547 | €13,547 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,460,584 | €1,539,159 | +€78,576 | +5.4% |
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 8 October 2026 via checked.be.