Arborati: 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.
Arborati
Largest movements
- Receivables after one year +€163,729
up €163,729 (+76.4%), from €214,174 to €377,903
- Cash +€20,989
up €20,989 (+59.5%), from €35,282 to €56,271
mainly Net result for the year (+€104,781) and Debts after one year (+€65,328)
- Reserves +€104,781
up €104,781 (+60.6%), from €173,036 to €277,818
- Debts after one year +€65,328
up €65,328 (+103.7%), from €62,979 to €128,307
- Current portion of long-term debt +€14,792
up €14,792 (+100.8%), from €14,670 to €29,462
- Financial income +€3,182
up €3,182 (+43.0%), from €7,404 to €10,587
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 | €304,074 | €490,307 | +€186,233 | +61.2% |
| Fixed assets | 21/28 | €4,455 | €2,668 | -€1,787 | -40.1% |
| Tangible fixed assets | 22/27 | €4,455 | €2,668 | -€1,787 | -40.1% |
| Plant, machinery and equipment | 23 | €4,455 | €2,668 | -€1,787 | -40.1% |
| Current assets | 29/58 | €299,619 | €487,639 | +€188,020 | +62.8% |
| Amounts receivable after more than one year | 29 | €214,174 | €377,903 | +€163,729 | +76.4% |
| Other amounts receivable | 291 | €214,174 | €377,903 | +€163,729 | +76.4% |
| Amounts receivable within one year | 40/41 | €48,409 | €51,586 | +€3,177 | +6.6% |
| Trade receivables | 40 | €41,650 | €42,064 | +€415 | +1.0% |
| Other amounts receivable | 41 | €6,759 | €9,522 | +€2,762 | +40.9% |
| Cash at bank and in hand | 54/58 | €35,282 | €56,271 | +€20,989 | +59.5% |
| Deferred charges and accrued income | 490/1 | €1,754 | €1,879 | +€125 | +7.2% |
| Total equity and liabilities | 10/49 | €304,074 | €490,307 | +€186,233 | +61.2% |
| Equity | 10/15 | €176,036 | €280,818 | +€104,781 | +59.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €173,036 | €277,818 | +€104,781 | +60.6% |
| Distributable reserves | 133 | €173,036 | €277,818 | +€104,781 | +60.6% |
| Amounts payable | 17/49 | €128,037 | €209,489 | +€81,452 | +63.6% |
| Amounts payable after more than one year | 17 | €62,979 | €128,307 | +€65,328 | +103.7% |
| Financial debts | 170/4 | €62,979 | €128,307 | +€65,328 | +103.7% |
| Amounts payable within one year | 42/48 | €65,058 | €81,182 | +€16,124 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €14,670 | €29,462 | +€14,792 | +100.8% |
| Trade debts | 44 | €533 | €424 | -€110 | -20.6% |
| Suppliers | 440/4 | €533 | €424 | -€110 | -20.6% |
| Taxes, remuneration and social security | 45 | €49,854 | €51,296 | +€1,442 | +2.9% |
| Taxes | 450/3 | €49,854 | €51,296 | +€1,442 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €906 | €1,787 | +€881 | +97.3% |
| Other operating charges | 640/8 | €734 | €755 | +€21 | +2.8% |
| Gross operating margin | 9900 | €147,020 | €146,723 | -€297 | -0.2% |
| Operating profit (loss) | 9901 | €145,380 | €144,181 | -€1,199 | -0.8% |
| Financial income | 75/76B | €7,404 | €10,587 | +€3,182 | +43.0% |
| Recurring financial income | 75 | €7,404 | €10,587 | +€3,182 | +43.0% |
| Financial charges | 65/66B | €6,510 | €7,424 | +€914 | +14.0% |
| Recurring financial charges | 65 | €6,510 | €7,424 | +€914 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €146,275 | €147,344 | +€1,069 | +0.7% |
| Income taxes | 67/77 | €42,142 | €42,563 | +€421 | +1.0% |
| Profit (loss) for the period | 9904 | €104,133 | €104,781 | +€649 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,133 | €104,781 | +€649 | +0.6% |
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 30 September 2026 via checked.be.