ARBOFLORA: 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.
ARBOFLORA
Largest movements
- Tangible fixed assets -€18,666
down €18,666 (-4.0%), from €466,367 to €447,701
of which Land and buildings: -€19,837
- Receivables within one year -€16,571
down €16,571 (-22.8%), from €72,691 to €56,120
of which Other amounts receivable: -€8,742
- Profit (loss) carried forward -€19,963
down €19,963 (-3.4%), from -€586,551 to -€606,514
- Trade debts -€16,629
down €16,629 (-72.8%), from €22,849 to €6,220
- Accrued charges and deferred income +€12,680
up €12,680 (+27.4%), from €46,291 to €58,971
- Other debts -€6,324
down €6,324 (-21.2%), from €29,850 to €23,525
- Gross operating margin -€3,597
down €3,597 (-13.5%), from €26,699 to €23,102
- Depreciation -€746
down €746 (-3.4%), from €21,729 to €20,983
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 | €563,137 | €529,536 | -€33,601 | -6.0% |
| Fixed assets | 21/28 | €485,215 | €466,549 | -€18,666 | -3.8% |
| Tangible fixed assets | 22/27 | €466,367 | €447,701 | -€18,666 | -4.0% |
| Land and buildings | 22 | €465,610 | €445,773 | -€19,837 | -4.3% |
| Plant, machinery and equipment | 23 | €757 | €0 | -€757 | -100.0% |
| Furniture and vehicles | 24 | €0 | €1,928 | +€1,928 | |
| Financial fixed assets | 28 | €18,848 | €18,848 | = | 0.0% |
| Current assets | 29/58 | €77,923 | €62,988 | -€14,935 | -19.2% |
| Amounts receivable within one year | 40/41 | €72,691 | €56,120 | -€16,571 | -22.8% |
| Trade receivables | 40 | €11,266 | €3,437 | -€7,829 | -69.5% |
| Other amounts receivable | 41 | €61,424 | €52,682 | -€8,742 | -14.2% |
| Cash at bank and in hand | 54/58 | €3,883 | €5,636 | +€1,753 | +45.2% |
| Deferred charges and accrued income | 490/1 | €1,349 | €1,232 | -€118 | -8.7% |
| Total equity and liabilities | 10/49 | €563,137 | €529,536 | -€33,601 | -6.0% |
| Equity | 10/15 | -€84,506 | -€104,469 | -€19,963 | -23.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,045 | €2,045 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,045 | €2,045 | = | 0.0% |
| Legal reserve | 130 | €2,045 | €2,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€586,551 | -€606,514 | -€19,963 | -3.4% |
| Amounts payable | 17/49 | €647,643 | €634,005 | -€13,638 | -2.1% |
| Amounts payable after more than one year | 17 | €521,542 | €516,616 | -€4,925 | -0.9% |
| Financial debts | 170/4 | €521,542 | €516,616 | -€4,925 | -0.9% |
| Amounts payable within one year | 42/48 | €79,811 | €58,418 | -€21,393 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €25,905 | €26,425 | +€520 | +2.0% |
| Trade debts | 44 | €22,849 | €6,220 | -€16,629 | -72.8% |
| Suppliers | 440/4 | €22,849 | €6,220 | -€16,629 | -72.8% |
| Taxes, remuneration and social security | 45 | €1,207 | €2,247 | +€1,040 | +86.2% |
| Taxes | 450/3 | €1,207 | €2,247 | +€1,040 | +86.2% |
| Other amounts payable | 47/48 | €29,850 | €23,525 | -€6,324 | -21.2% |
| Accrued charges and deferred income | 492/3 | €46,291 | €58,971 | +€12,680 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,729 | €20,983 | -€746 | -3.4% |
| Other operating charges | 640/8 | €4,897 | €4,958 | +€61 | +1.3% |
| Gross operating margin | 9900 | €26,699 | €23,102 | -€3,597 | -13.5% |
| Operating profit (loss) | 9901 | €74 | -€2,839 | -€2,913 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +54.2% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +54.2% |
| Financial charges | 65/66B | €16,834 | €16,709 | -€125 | -0.7% |
| Recurring financial charges | 65 | €16,834 | €16,709 | -€125 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,760 | -€19,547 | -€2,787 | -16.6% |
| Income taxes | 67/77 | €407 | €416 | +€9 | +2.2% |
| Profit (loss) for the period | 9904 | -€17,167 | -€19,963 | -€2,796 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,167 | -€19,963 | -€2,796 | -16.3% |
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 5 October 2026 via checked.be.