ARBORATUM: what changed
Two financial 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.
ARBORATUM
Largest movements
- Receivables after one year +€62,749
up €62,749 (+16.2%), from €386,251 to €449,000
of which Other amounts receivable: +€63,000
- Tangible fixed assets +€8,177
up €8,177 (+7.8%), from €104,486 to €112,663
of which Furniture and vehicles: +€20,669
- Cash -€7,790
down €7,790 (-25.3%), from €30,841 to €23,051
mainly Receivables after one year (-€62,749) and Investment in fixed assets (net) (-€26,386)
- Reserves +€56,280
up €56,280 (+12.8%), from €440,919 to €497,199
of which Distributable reserves: +€56,280
- Tax, wage and social debts +€12,905
up €12,905 (+16.0%), from €80,782 to €93,687
- Debts after one year -€11,179
down €11,179 (-23.1%), from €48,332 to €37,153
- Gross operating margin +€41,006
up €41,006 (+60.7%), from €67,603 to €108,608
- Taxes +€27,859
up €27,859 (+158%), from €17,645 to €45,504
- Other operating charges -€6,546
no longer reported in 2022 (was €6,546)
- Depreciation +€1,986
up €1,986 (+12.2%), from €16,223 to €18,209
From the 2021 result to the 2022 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.
Derived cash bridge
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €587,867 | €647,043 | +€59,176 | +10.1% |
| Fixed assets | 21/28 | €107,286 | €115,463 | +€8,177 | +7.6% |
| Tangible fixed assets | 22/27 | €104,486 | €112,663 | +€8,177 | +7.8% |
| Land and buildings | 22 | €97,307 | €85,600 | -€11,706 | -12.0% |
| Plant, machinery and equipment | 23 | €2,070 | €1,284 | -€786 | -38.0% |
| Furniture and vehicles | 24 | €5,110 | €25,779 | +€20,669 | +405% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €480,581 | €531,579 | +€50,998 | +10.6% |
| Amounts receivable after more than one year | 29 | €386,251 | €449,000 | +€62,749 | +16.2% |
| Trade receivables | 290 | €251 | - | -€251 | |
| Other amounts receivable | 291 | €386,000 | €449,000 | +€63,000 | +16.3% |
| Amounts receivable within one year | 40/41 | €63,490 | €59,529 | -€3,961 | -6.2% |
| Other amounts receivable | 41 | €63,490 | €59,529 | -€3,961 | -6.2% |
| Cash at bank and in hand | 54/58 | €30,841 | €23,051 | -€7,790 | -25.3% |
| Total equity and liabilities | 10/49 | €587,867 | €647,043 | +€59,176 | +10.1% |
| Equity | 10/15 | €447,169 | €503,449 | +€56,280 | +12.6% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €440,919 | €497,199 | +€56,280 | +12.8% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,281 | €9,281 | = | 0.0% |
| Distributable reserves | 133 | €429,763 | €486,043 | +€56,280 | +13.1% |
| Amounts payable | 17/49 | €140,698 | €143,593 | +€2,896 | +2.1% |
| Amounts payable after more than one year | 17 | €48,332 | €37,153 | -€11,179 | -23.1% |
| Financial debts | 170/4 | €48,332 | €37,153 | -€11,179 | -23.1% |
| Amounts payable within one year | 42/48 | €91,432 | €105,507 | +€14,074 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €10,650 | €11,179 | +€528 | +5.0% |
| Trade debts | 44 | - | €641 | +€641 | |
| Suppliers | 440/4 | - | €641 | +€641 | |
| Taxes, remuneration and social security | 45 | €80,782 | €93,687 | +€12,905 | +16.0% |
| Taxes | 450/3 | €80,782 | €93,687 | +€12,905 | +16.0% |
| Accrued charges and deferred income | 492/3 | €933 | €933 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,223 | €18,209 | +€1,986 | +12.2% |
| Other operating charges | 640/8 | €6,546 | - | -€6,546 | |
| Gross operating margin | 9900 | €67,603 | €108,608 | +€41,006 | +60.7% |
| Operating profit (loss) | 9901 | €44,834 | €90,400 | +€45,566 | +102% |
| Financial income | 75/76B | €14,369 | €15,098 | +€730 | +5.1% |
| Recurring financial income | 75 | €14,369 | €14,542 | +€173 | +1.2% |
| Non-recurring financial income | 76B | - | €557 | +€557 | |
| Financial charges | 65/66B | €4,314 | €3,714 | -€600 | -13.9% |
| Recurring financial charges | 65 | €4,314 | €3,714 | -€600 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €54,888 | €101,784 | +€46,896 | +85.4% |
| Income taxes | 67/77 | €17,645 | €45,504 | +€27,859 | +158% |
| Profit (loss) for the period | 9904 | €37,243 | €56,280 | +€19,037 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,243 | €56,280 | +€19,037 | +51.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.