ARBORECO: 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.
ARBORECO
Largest movements
- Cash +€8,625
up €8,625 (+35.0%), from €24,656 to €33,280
mainly Net result for the year (+€8,816) and Other debts (+€4,056)
- Receivables within one year +€1,744
up €1,744 (+74.3%), from €2,345 to €4,089
- Deferred charges and accrued income -€1,002
no longer reported in 2025 (was €1,002)
- Other debts +€4,056
up €4,056 (+52.2%), from €7,762 to €11,818
- Profit (loss) carried forward +€3,816
up €3,816, from -€1,460 to €2,356
- Tax, wage and social debts +€1,316
up €1,316 (+37.7%), from €3,485 to €4,801
- Depreciation -€4,140
down €4,140 (-91.9%), from €4,504 to €364
- Taxes +€2,657
new in 2025: €2,657
- Gross operating margin -€2,438
down €2,438 (-15.6%), from €15,614 to €13,176
- Other operating charges +€726
up €726 (+141%), from €515 to €1,241
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.
Derived cash bridge
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 | €28,689 | €37,692 | +€9,003 | +31.4% |
| Fixed assets | 21/28 | €686 | €322 | -€364 | -53.0% |
| Tangible fixed assets | 22/27 | €621 | €257 | -€364 | -58.6% |
| Plant, machinery and equipment | 23 | €107 | - | -€107 | |
| Furniture and vehicles | 24 | €514 | €257 | -€257 | -50.0% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €28,003 | €37,370 | +€9,367 | +33.4% |
| Amounts receivable within one year | 40/41 | €2,345 | €4,089 | +€1,744 | +74.3% |
| Trade receivables | 40 | €2,345 | €4,089 | +€1,744 | +74.3% |
| Cash at bank and in hand | 54/58 | €24,656 | €33,280 | +€8,625 | +35.0% |
| Deferred charges and accrued income | 490/1 | €1,002 | - | -€1,002 | |
| Total equity and liabilities | 10/49 | €28,689 | €37,692 | +€9,003 | +31.4% |
| Equity | 10/15 | €17,140 | €20,956 | +€3,816 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,460 | €2,356 | +€3,816 | |
| Amounts payable | 17/49 | €11,549 | €16,736 | +€5,187 | +44.9% |
| Amounts payable within one year | 42/48 | €11,549 | €16,736 | +€5,187 | +44.9% |
| Trade debts | 44 | €302 | €117 | -€184 | -61.1% |
| Suppliers | 440/4 | €302 | €117 | -€184 | -61.1% |
| Taxes, remuneration and social security | 45 | €3,485 | €4,801 | +€1,316 | +37.7% |
| Taxes | 450/3 | €3,485 | €4,801 | +€1,316 | +37.7% |
| Other amounts payable | 47/48 | €7,762 | €11,818 | +€4,056 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,504 | €364 | -€4,140 | -91.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50 | - | -€50 | |
| Other operating charges | 640/8 | €515 | €1,241 | +€726 | +141% |
| Gross operating margin | 9900 | €15,614 | €13,176 | -€2,438 | -15.6% |
| Operating profit (loss) | 9901 | €10,546 | €11,571 | +€1,026 | +9.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €36 | €99 | +€63 | +175% |
| Recurring financial charges | 65 | €36 | €99 | +€63 | +175% |
| Profit (loss) for the period before taxes | 9903 | €10,510 | €11,472 | +€963 | +9.2% |
| Income taxes | 67/77 | - | €2,657 | +€2,657 | |
| Profit (loss) for the period | 9904 | €10,510 | €8,816 | -€1,694 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,510 | €8,816 | -€1,694 | -16.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.