ARBOLUC: 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.
What changed
ARBOLUC
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,859
2024 · €2,559+€5,300
Equity
€1.0m
2024 · €1.0m+€7,859
Cash
€618
2024 · €3,478-€2,860
Balance sheet total
€1.2m
2024 · €1.2m-€217
Largest movements
Assets
- Receivables within one year +€11,928
up €11,928 (+1.7%), from €699,097 to €711,025
of which Other amounts receivable: +€12,471
Equity and liabilities
- Debts after one year -€19,135
down €19,135 (-41.5%), from €46,096 to €26,962
Income statement
- Gross operating margin -€11,678
down €11,678 (-37.2%), from €31,430 to €19,752
- Financial income +€6,935
up €6,935 (+98.9%), from €7,009 to €13,944
- Other operating charges -€2,094
down €2,094 (-28.3%), from €7,393 to €5,298
- Taxes +€1,902
up €1,902 (+198%), from €959 to €2,861
- Financial charges -€1,128
down €1,128 (-11.2%), from €10,084 to €8,957
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.
Result 2024
€2,559
Gross operating margin
-€11,678
Depreciation
-€876
Other operating charges
+€2,094
Other operating items
+€9,599
Financial income
+€6,935
Financial charges
+€1,128
Taxes
-€1,902
Result 2025
€7,859
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€18,739
Investment
-€2,855
Financing
-€18,744
Cash 2024
€3,478
From operations (derived)
+€18,739
Net result for the year
+€7,859
Depreciation
+€8,720
Receivables within one year
-€11,928
Deferred charges and accrued income
+€3,420
Trade debts
+€883
Tax, wage and social debts
+€1,404
Other debts
+€8,530
Accrued charges and deferred income
-€150
Investment (derived)
-€2,855
Investment in fixed assets (net)
-€2,855
Financing
-€18,744
Debts after one year
-€19,135
Current portion of long-term debt
+€391
Cash 2025
€618
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,179,039 | €1,178,822 | -€217 | 0.0% |
| Fixed assets | 21/28 | €472,722 | €466,856 | -€5,866 | -1.2% |
| Tangible fixed assets | 22/27 | €471,072 | €465,206 | -€5,866 | -1.2% |
| Land and buildings | 22 | €470,072 | €462,639 | -€7,433 | -1.6% |
| Plant, machinery and equipment | 23 | €1,000 | €2,567 | +€1,567 | +157% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €706,317 | €711,966 | +€5,648 | +0.8% |
| Amounts receivable within one year | 40/41 | €699,097 | €711,025 | +€11,928 | +1.7% |
| Trade receivables | 40 | €694 | €151 | -€543 | -78.2% |
| Other amounts receivable | 41 | €698,403 | €710,874 | +€12,471 | +1.8% |
| Cash at bank and in hand | 54/58 | €3,478 | €618 | -€2,860 | -82.2% |
| Deferred charges and accrued income | 490/1 | €3,742 | €323 | -€3,420 | -91.4% |
| Total equity and liabilities | 10/49 | €1,179,039 | €1,178,822 | -€217 | 0.0% |
| Equity | 10/15 | €1,010,267 | €1,018,127 | +€7,859 | +0.8% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €66,000 | €66,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €66,000 | €66,000 | = | 0.0% |
| Legal reserve | 130 | €66,000 | €66,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €734,267 | €742,127 | +€7,859 | +1.1% |
| Amounts payable | 17/49 | €168,772 | €160,695 | -€8,077 | -4.8% |
| Amounts payable after more than one year | 17 | €46,096 | €26,962 | -€19,135 | -41.5% |
| Financial debts | 170/4 | €46,096 | €26,962 | -€19,135 | -41.5% |
| Amounts payable within one year | 42/48 | €120,822 | €132,031 | +€11,208 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €18,744 | €19,135 | +€391 | +2.1% |
| Trade debts | 44 | €5,656 | €6,539 | +€883 | +15.6% |
| Suppliers | 440/4 | €5,656 | €6,539 | +€883 | +15.6% |
| Taxes, remuneration and social security | 45 | €4,663 | €6,067 | +€1,404 | +30.1% |
| Taxes | 450/3 | €4,663 | €6,067 | +€1,404 | +30.1% |
| Other amounts payable | 47/48 | €91,760 | €100,290 | +€8,530 | +9.3% |
| Accrued charges and deferred income | 492/3 | €1,853 | €1,703 | -€150 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,844 | €8,720 | +€876 | +11.2% |
| Other operating charges | 640/8 | €7,393 | €5,298 | -€2,094 | -28.3% |
| Non-recurring operating charges | 66A | €9,599 | €0 | -€9,599 | -100% |
| Gross operating margin | 9900 | €31,430 | €19,752 | -€11,678 | -37.2% |
| Operating profit (loss) | 9901 | €6,594 | €5,733 | -€861 | -13.1% |
| Financial income | 75/76B | €7,009 | €13,944 | +€6,935 | +98.9% |
| Recurring financial income | 75 | €7,009 | €13,944 | +€6,935 | +98.9% |
| Financial charges | 65/66B | €10,084 | €8,957 | -€1,128 | -11.2% |
| Recurring financial charges | 65 | €10,084 | €8,957 | -€1,128 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €3,518 | €10,720 | +€7,202 | +205% |
| Income taxes | 67/77 | €959 | €2,861 | +€1,902 | +198% |
| Profit (loss) for the period | 9904 | €2,559 | €7,859 | +€5,300 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €2,559 | €7,859 | +€5,300 | +207% |
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 20 October 2026 via checked.be.