ARBOR-TECH: 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.
ARBOR-TECH
Largest movements
- Tangible fixed assets -€4,162
down €4,162 (-19.1%), from €21,757 to €17,595
of which Other tangible fixed assets: -€3,249
- Receivables within one year -€554
down €554 (-8.2%), from €6,729 to €6,176
of which Other amounts receivable: -€503
- Profit (loss) carried forward -€4,631
down €4,631 (-8.9%), from -€51,865 to -€56,495
- Gross operating margin +€9,653
up €9,653, from -€8,187 to €1,466
- Depreciation -€1,362
down €1,362 (-23.4%), from €5,824 to €4,462
- Financial charges +€868
up €868 (+284.9%), from €305 to €1,173
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 | €40,978 | €35,963 | -€5,015 | -12.2% |
| Fixed assets | 21/28 | €22,967 | €18,505 | -€4,462 | -19.4% |
| Intangible fixed assets | 21 | €1,200 | €900 | -€300 | -25.0% |
| Tangible fixed assets | 22/27 | €21,757 | €17,595 | -€4,162 | -19.1% |
| Plant, machinery and equipment | 23 | €913 | - | -€913 | |
| Other tangible fixed assets | 26 | €20,844 | €17,595 | -€3,249 | -15.6% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €18,012 | €17,458 | -€554 | -3.1% |
| Amounts receivable within one year | 40/41 | €6,729 | €6,176 | -€554 | -8.2% |
| Trade receivables | 40 | €51 | - | -€51 | |
| Other amounts receivable | 41 | €6,678 | €6,176 | -€503 | -7.5% |
| Cash at bank and in hand | 54/58 | €11,282 | €11,282 | = | 0.0% |
| Total equity and liabilities | 10/49 | €40,978 | €35,963 | -€5,015 | -12.2% |
| Equity | 10/15 | €32,649 | €28,018 | -€4,631 | -14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,913 | €65,913 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,467 | €1,467 | = | 0.0% |
| Distributable reserves | 133 | €62,586 | €62,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,865 | -€56,495 | -€4,631 | -8.9% |
| Amounts payable | 17/49 | €8,330 | €7,945 | -€385 | -4.6% |
| Amounts payable within one year | 42/48 | €8,330 | €7,945 | -€385 | -4.6% |
| Financial debts | 43 | €5,929 | €5,672 | -€257 | -4.3% |
| Credit institutions | 430/8 | €5,929 | €5,672 | -€257 | -4.3% |
| Trade debts | 44 | €67 | €34 | -€33 | -49.1% |
| Suppliers | 440/4 | €67 | €34 | -€33 | -49.1% |
| Other amounts payable | 47/48 | €2,334 | €2,239 | -€95 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,824 | €4,462 | -€1,362 | -23.4% |
| Other operating charges | 640/8 | €511 | €462 | -€50 | -9.7% |
| Gross operating margin | 9900 | -€8,187 | €1,466 | +€9,653 | |
| Operating profit (loss) | 9901 | -€14,522 | -€3,457 | +€11,065 | +76.2% |
| Financial charges | 65/66B | €305 | €1,173 | +€868 | +284.9% |
| Recurring financial charges | 65 | €305 | €1,173 | +€868 | +284.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,827 | -€4,631 | +€10,197 | +68.8% |
| Profit (loss) for the period | 9904 | -€14,827 | -€4,631 | +€10,197 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,827 | -€4,631 | +€10,197 | +68.8% |
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.