ARBORATOR: 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.
ARBORATOR
Largest movements
- Cash -€176,883
down €176,883 (-47.3%), from €373,973 to €197,090
mainly Receivables within one year (-€109,904) and Other debts (-€63,173)
- Receivables within one year +€109,904
up €109,904 (+2.8%), from €3.9m to €4.0m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€44,447
down €44,447 (-25.1%), from €177,131 to €132,684
- Financial charges -€13,938
down €13,938 (-16.1%), from €86,536 to €72,598
- Gross operating margin +€9,682
up €9,682 (+53.1%), from -€18,243 to -€8,561
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 | €9,009,525 | €8,930,713 | -€78,812 | -0.9% |
| Fixed assets | 21/28 | €4,578,466 | €4,578,466 | = | 0.0% |
| Financial fixed assets | 28 | €4,578,466 | €4,578,466 | = | 0.0% |
| Current assets | 29/58 | €4,431,059 | €4,352,247 | -€78,812 | -1.8% |
| Amounts receivable within one year | 40/41 | €3,890,228 | €4,000,132 | +€109,904 | +2.8% |
| Other amounts receivable | 41 | €3,890,228 | €4,000,132 | +€109,904 | +2.8% |
| Cash at bank and in hand | 54/58 | €373,973 | €197,090 | -€176,883 | -47.3% |
| Deferred charges and accrued income | 490/1 | €166,858 | €155,026 | -€11,832 | -7.1% |
| Total equity and liabilities | 10/49 | €9,009,525 | €8,930,713 | -€78,812 | -0.9% |
| Equity | 10/15 | €6,713,912 | €6,764,310 | +€50,398 | +0.8% |
| Contributions | 10/11 | €6,990,000 | €6,990,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€276,088 | -€225,690 | +€50,398 | +18.3% |
| Amounts payable | 17/49 | €2,295,613 | €2,166,403 | -€129,210 | -5.6% |
| Amounts payable within one year | 42/48 | €2,209,120 | €2,093,917 | -€115,203 | -5.2% |
| Trade debts | 44 | €882 | €415 | -€467 | -52.9% |
| Suppliers | 440/4 | €882 | €415 | -€467 | -52.9% |
| Taxes, remuneration and social security | 45 | €51,564 | €0 | -€51,564 | -100.0% |
| Taxes | 450/3 | €51,564 | €0 | -€51,564 | -100.0% |
| Other amounts payable | 47/48 | €2,156,675 | €2,093,502 | -€63,173 | -2.9% |
| Accrued charges and deferred income | 492/3 | €86,493 | €72,486 | -€14,007 | -16.2% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€18,243 | -€8,561 | +€9,682 | +53.1% |
| Operating profit (loss) | 9901 | -€19,337 | -€9,688 | +€9,649 | +49.9% |
| Financial income | 75/76B | €177,131 | €132,684 | -€44,447 | -25.1% |
| Recurring financial income | 75 | €177,131 | €132,684 | -€44,447 | -25.1% |
| Financial charges | 65/66B | €86,536 | €72,598 | -€13,938 | -16.1% |
| Recurring financial charges | 65 | €86,536 | €72,598 | -€13,938 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €71,258 | €50,398 | -€20,860 | -29.3% |
| Profit (loss) for the period | 9904 | €71,258 | €50,398 | -€20,860 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,258 | €50,398 | -€20,860 | -29.3% |
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 7 October 2026 via checked.be.