ARBOR & TERRE: 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 & TERRE
Largest movements
- Receivables within one year +€10,212
up €10,212 (+143.5%), from €7,116 to €17,328
of which Other amounts receivable: +€6,288
- Cash +€7,441
up €7,441 (+238.5%), from €3,120 to €10,561
mainly Net result for the year (+€32,473) and Trade debts (+€7,228)
- Tangible fixed assets +€2,149
up €2,149 (+44.8%), from €4,791 to €6,940
of which Furniture and vehicles: +€3,416
- Profit (loss) carried forward +€32,473
up €32,473 (+36.2%), from -€89,590 to -€57,117
- Debts after one year -€16,000
down €16,000 (-61.5%), from €26,000 to €10,000
- Trade debts +€7,228
up €7,228 (+169.9%), from €4,256 to €11,484
- Current portion of long-term debt -€4,587
down €4,587 (-9.5%), from €48,348 to €43,761
- Tax, wage and social debts +€1,053
up €1,053 (+27.9%), from €3,777 to €4,830
of which Remuneration and social security: +€1,053
- Gross operating margin +€17,415
up €17,415 (+94.2%), from €18,480 to €35,895
- Financial charges -€1,737
down €1,737 (-64.0%), from €2,716 to €979
- Depreciation +€1,028
up €1,028 (+100.9%), from €1,019 to €2,047
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 | €15,932 | €35,749 | +€19,817 | +124.4% |
| Fixed assets | 21/28 | €5,377 | €7,525 | +€2,149 | +40.0% |
| Tangible fixed assets | 22/27 | €4,791 | €6,940 | +€2,149 | +44.8% |
| Plant, machinery and equipment | 23 | €3,144 | €1,877 | -€1,267 | -40.3% |
| Furniture and vehicles | 24 | €1,647 | €5,063 | +€3,416 | +207.4% |
| Financial fixed assets | 28 | €585 | €585 | = | 0.0% |
| Current assets | 29/58 | €10,555 | €28,223 | +€17,668 | +167.4% |
| Amounts receivable within one year | 40/41 | €7,116 | €17,328 | +€10,212 | +143.5% |
| Trade receivables | 40 | €6,447 | €10,370 | +€3,923 | +60.9% |
| Other amounts receivable | 41 | €670 | €6,958 | +€6,288 | +939.1% |
| Cash at bank and in hand | 54/58 | €3,120 | €10,561 | +€7,441 | +238.5% |
| Deferred charges and accrued income | 490/1 | €319 | €335 | +€16 | +5.0% |
| Total equity and liabilities | 10/49 | €15,932 | €35,749 | +€19,817 | +124.4% |
| Equity | 10/15 | -€66,930 | -€34,457 | +€32,473 | +48.5% |
| Contributions | 10/11 | €20,600 | €20,600 | = | 0.0% |
| Reserves | 13 | €2,060 | €2,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,060 | €2,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,060 | €2,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,590 | -€57,117 | +€32,473 | +36.2% |
| Amounts payable | 17/49 | €82,861 | €70,205 | -€12,656 | -15.3% |
| Amounts payable after more than one year | 17 | €26,000 | €10,000 | -€16,000 | -61.5% |
| Financial debts | 170/4 | €26,000 | €10,000 | -€16,000 | -61.5% |
| Amounts payable within one year | 42/48 | €56,861 | €60,205 | +€3,344 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €48,348 | €43,761 | -€4,587 | -9.5% |
| Trade debts | 44 | €4,256 | €11,484 | +€7,228 | +169.9% |
| Suppliers | 440/4 | €4,256 | €11,484 | +€7,228 | +169.9% |
| Taxes, remuneration and social security | 45 | €3,777 | €4,830 | +€1,053 | +27.9% |
| Taxes | 450/3 | €2,700 | €2,700 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,077 | €2,130 | +€1,053 | +97.8% |
| Other amounts payable | 47/48 | €481 | €131 | -€351 | -72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,019 | €2,047 | +€1,028 | +100.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €18,480 | €35,895 | +€17,415 | +94.2% |
| Operating profit (loss) | 9901 | €17,074 | €33,448 | +€16,374 | +95.9% |
| Financial income | 75/76B | €8 | €5 | -€3 | -37.2% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -37.2% |
| Financial charges | 65/66B | €2,716 | €979 | -€1,737 | -64.0% |
| Recurring financial charges | 65 | €2,716 | €979 | -€1,737 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €14,366 | €32,474 | +€18,108 | +126.1% |
| Income taxes | 67/77 | €2 | €1 | -€1 | -43.3% |
| Profit (loss) for the period | 9904 | €14,364 | €32,473 | +€18,109 | +126.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,364 | €32,473 | +€18,109 | +126.1% |
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.