Arbor Group: what changed
What changed
Arbor Group
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
filed annual accounts (NBB)
Net result for the year
€34,310
2024 · €27,181+€7,129
Equity
€60,993
2024 · €6,683+€54,310
Cash
€77,531
2024 · €76,085+€1,446
Balance sheet total
€399,465
2024 · €161,750+€237,715
Largest movements
Assets
- Receivables within one year +€203,586
up €203,586 (+316%), from €64,392 to €267,978
of which Trade receivables: +€204,745
- Stocks and contracts +€30,781
up €30,781 (+157%), from €19,648 to €50,429
Equity and liabilities
- Trade debts +€140,751
up €140,751 (+811%), from €17,365 to €158,116
- Current portion of long-term debt +€57,237
up €57,237 (+121%), from €47,467 to €104,703
- Tax, wage and social debts +€46,594
up €46,594 (+854%), from €5,459 to €52,053
of which Taxes: +€36,594
- Short-term financial debts -€40,619
down €40,619 (-83.7%), from €48,535 to €7,915
- Profit (loss) carried forward +€34,310
up €34,310 (+513%), from €6,683 to €40,993
Income statement
- Gross operating margin +€22,804
up €22,804 (+53.8%), from €42,369 to €65,172
- Taxes +€11,644
up €11,644 (+434%), from €2,685 to €14,329
- Financial charges +€7,324
up €7,324 (+70.4%), from €10,397 to €17,721
- Financial income +€2,795
up €2,795 (+32,842%), from €9 to €2,803
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,181
Gross operating margin
+€22,804
Depreciation
+€250
Other operating charges
+€249
Financial income
+€2,795
Financial charges
-€7,324
Taxes
-€11,644
Result 2025
€34,310
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€33,306
Investment
-€1,865
Financing
+€36,617
Cash 2024
€76,085
From operations (derived)
-€33,306
Net result for the year
+€34,310
Depreciation
+€1,130
Stocks and contracts
-€30,781
Receivables within one year
-€203,586
Deferred charges and accrued income
-€1,167
Trade debts
+€140,751
Tax, wage and social debts
+€46,594
Other debts
-€21,000
Accrued charges and deferred income
+€442
Investment (derived)
-€1,865
Investment in fixed assets (net)
-€1,865
Financing
+€36,617
Current portion of long-term debt
+€57,237
Short-term financial debts
-€40,619
Contributions, distributions and other
+€20,000
Cash 2025
€77,531
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,750 | €399,465 | +€237,715 | +147% |
| Fixed assets | 21/28 | €1,625 | €2,360 | +€735 | +45.2% |
| Tangible fixed assets | 22/27 | €1,625 | €2,360 | +€735 | +45.2% |
| Furniture and vehicles | 24 | €1,625 | €2,360 | +€735 | +45.2% |
| Current assets | 29/58 | €160,125 | €397,105 | +€236,980 | +148% |
| Stocks and contracts in progress | 3 | €19,648 | €50,429 | +€30,781 | +157% |
| Stocks | 30/36 | €19,648 | €50,429 | +€30,781 | +157% |
| Amounts receivable within one year | 40/41 | €64,392 | €267,978 | +€203,586 | +316% |
| Trade receivables | 40 | €62,548 | €267,293 | +€204,745 | +327% |
| Other amounts receivable | 41 | €1,844 | €685 | -€1,159 | -62.8% |
| Cash at bank and in hand | 54/58 | €76,085 | €77,531 | +€1,446 | +1.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,167 | +€1,167 | |
| Total equity and liabilities | 10/49 | €161,750 | €399,465 | +€237,715 | +147% |
| Equity | 10/15 | €6,683 | €60,993 | +€54,310 | +813% |
| Contributions | 10/11 | €0 | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €6,683 | €40,993 | +€34,310 | +513% |
| Amounts payable | 17/49 | €155,066 | €338,471 | +€183,405 | +118% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €154,624 | €337,587 | +€182,963 | +118% |
| Current portion of amounts payable after more than one year | 42 | €47,467 | €104,703 | +€57,237 | +121% |
| Financial debts | 43 | €48,535 | €7,915 | -€40,619 | -83.7% |
| Credit institutions | 430/8 | €48,535 | €7,915 | -€40,619 | -83.7% |
| Trade debts | 44 | €17,365 | €158,116 | +€140,751 | +811% |
| Suppliers | 440/4 | €17,365 | €158,116 | +€140,751 | +811% |
| Taxes, remuneration and social security | 45 | €5,459 | €52,053 | +€46,594 | +854% |
| Taxes | 450/3 | €5,459 | €42,053 | +€36,594 | +670% |
| Remuneration and social security | 454/9 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €35,799 | €14,799 | -€21,000 | -58.7% |
| Accrued charges and deferred income | 492/3 | €442 | €884 | +€442 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,380 | €1,130 | -€250 | -18.1% |
| Other operating charges | 640/8 | €735 | €486 | -€249 | -33.9% |
| Gross operating margin | 9900 | €42,369 | €65,172 | +€22,804 | +53.8% |
| Operating profit (loss) | 9901 | €40,254 | €63,557 | +€23,303 | +57.9% |
| Financial income | 75/76B | €9 | €2,803 | +€2,795 | +32,842% |
| Recurring financial income | 75 | €9 | €2,803 | +€2,795 | +32,842% |
| Financial charges | 65/66B | €10,397 | €17,721 | +€7,324 | +70.4% |
| Recurring financial charges | 65 | €10,397 | €17,721 | +€7,324 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | €29,866 | €48,639 | +€18,773 | +62.9% |
| Income taxes | 67/77 | €2,685 | €14,329 | +€11,644 | +434% |
| Profit (loss) for the period | 9904 | €27,181 | €34,310 | +€7,129 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,181 | €34,310 | +€7,129 | +26.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.