ARBOCO: 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.
ARBOCO
Largest movements
- Cash +€34,327
up €34,327 (+31.0%), from €110,788 to €145,115
- Receivables within one year +€21,718
up €21,718 (+273.1%), from €7,954 to €29,671
of which Other amounts receivable: +€29,671
- Tangible fixed assets -€3,669
down €3,669 (-9.2%), from €40,000 to €36,331
- Other debts +€58,609
up €58,609 (+4213.7%), from €1,391 to €60,000
- Trade debts -€5,835
down €5,835 (-94.9%), from €6,146 to €311
- Tax, wage and social debts +€2,514
up €2,514 (+12.5%), from €20,070 to €22,584
- Reserves -€2,392
down €2,392 (-1.9%), from €126,846 to €124,454
- Gross operating margin +€45,854
up €45,854 (+93.9%), from €48,813 to €94,667
- Depreciation +€8,749
new in 2025: €8,749
- Taxes +€6,555
up €6,555 (+60.5%), from €10,838 to €17,393
- Other operating charges +€962
up €962 (+1551.9%), from €62 to €1,024
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
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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,815 | €212,649 | +€52,834 | +33.1% |
| Fixed assets | 21/28 | €40,000 | €36,331 | -€3,669 | -9.2% |
| Tangible fixed assets | 22/27 | €40,000 | €36,331 | -€3,669 | -9.2% |
| Furniture and vehicles | 24 | €40,000 | €36,331 | -€3,669 | -9.2% |
| Current assets | 29/58 | €119,815 | €176,318 | +€56,503 | +47.2% |
| Amounts receivable within one year | 40/41 | €7,954 | €29,671 | +€21,718 | +273.1% |
| Trade receivables | 40 | €7,954 | €0 | -€7,954 | -100.0% |
| Other amounts receivable | 41 | - | €29,671 | +€29,671 | |
| Cash at bank and in hand | 54/58 | €110,788 | €145,115 | +€34,327 | +31.0% |
| Deferred charges and accrued income | 490/1 | €1,073 | €1,532 | +€458 | +42.7% |
| Total equity and liabilities | 10/49 | €159,815 | €212,649 | +€52,834 | +33.1% |
| Equity | 10/15 | €131,846 | €129,454 | -€2,392 | -1.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €126,846 | €124,454 | -€2,392 | -1.9% |
| Distributable reserves | 133 | €126,846 | €124,454 | -€2,392 | -1.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,969 | €83,195 | +€55,226 | +197.5% |
| Amounts payable within one year | 42/48 | €27,607 | €82,895 | +€55,288 | +200.3% |
| Trade debts | 44 | €6,146 | €311 | -€5,835 | -94.9% |
| Suppliers | 440/4 | €6,146 | €311 | -€5,835 | -94.9% |
| Taxes, remuneration and social security | 45 | €20,070 | €22,584 | +€2,514 | +12.5% |
| Taxes | 450/3 | €20,070 | €22,584 | +€2,514 | +12.5% |
| Other amounts payable | 47/48 | €1,391 | €60,000 | +€58,609 | +4213.7% |
| Accrued charges and deferred income | 492/3 | €362 | €300 | -€62 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,749 | +€8,749 | |
| Other operating charges | 640/8 | €62 | €1,024 | +€962 | +1551.9% |
| Gross operating margin | 9900 | €48,813 | €94,667 | +€45,854 | +93.9% |
| Operating profit (loss) | 9901 | €48,751 | €84,894 | +€36,143 | +74.1% |
| Financial income | 75/76B | - | €826 | +€826 | |
| Recurring financial income | 75 | - | €826 | +€826 | |
| Financial charges | 65/66B | €299 | €131 | -€168 | -56.0% |
| Recurring financial charges | 65 | €299 | €131 | -€168 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €48,452 | €85,589 | +€37,137 | +76.6% |
| Income taxes | 67/77 | €10,838 | €17,393 | +€6,555 | +60.5% |
| Profit (loss) for the period | 9904 | €37,614 | €68,197 | +€30,582 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,614 | €68,197 | +€30,582 | +81.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.