ARBORESCENCE: 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.
ARBORESCENCE
Largest movements
- Tangible fixed assets +€35,049
up €35,049 (+98.8%), from €35,472 to €70,522
of which Other tangible fixed assets: +€45,461
- Receivables within one year -€26,972
down €26,972 (-89.8%), from €30,046 to €3,074
of which Other amounts receivable: -€26,514
- Cash -€24,372
down €24,372 (-53.9%), from €45,200 to €20,828
mainly Contributions, distributions and other (-€52,542) and Investment in fixed assets (net) (-€51,164)
- Deferred charges and accrued income -€5,108
down €5,108 (-66.3%), from €7,704 to €2,595
- Profit (loss) carried forward -€20,582
no longer reported in 2025 (was €20,582)
- Other debts -€6,491
down €6,491 (-10.7%), from €60,638 to €54,147
- Accrued charges and deferred income +€5,225
new in 2025: €5,225
- Trade debts +€4,016
up €4,016 (+45.2%), from €8,882 to €12,899
- Tax, wage and social debts -€3,572
down €3,572 (-29.8%), from €11,977 to €8,405
of which Remuneration and social security: -€8,260
- Gross operating margin -€41,924
down €41,924 (-10.6%), from €395,014 to €353,090
- Staff costs -€17,702
down €17,702 (-6.6%), from €266,320 to €248,619
- Taxes -€7,141
down €7,141 (-41.2%), from €17,331 to €10,190
- Financial charges +€5,034
up €5,034 (+13.6%), from €37,134 to €42,168
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 | €122,540 | €101,136 | -€21,403 | -17.5% |
| Fixed assets | 21/28 | €39,590 | €74,640 | +€35,049 | +88.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €35,472 | €70,522 | +€35,049 | +98.8% |
| Plant, machinery and equipment | 23 | €3,959 | €974 | -€2,984 | -75.4% |
| Furniture and vehicles | 24 | €17,410 | €9,983 | -€7,427 | -42.7% |
| Other tangible fixed assets | 26 | €14,104 | €59,564 | +€45,461 | +322% |
| Financial fixed assets | 28 | €4,118 | €4,118 | = | 0.0% |
| Current assets | 29/58 | €82,949 | €26,497 | -€56,453 | -68.1% |
| Amounts receivable within one year | 40/41 | €30,046 | €3,074 | -€26,972 | -89.8% |
| Trade receivables | 40 | €746 | €287 | -€458 | -61.5% |
| Other amounts receivable | 41 | €29,300 | €2,786 | -€26,514 | -90.5% |
| Cash at bank and in hand | 54/58 | €45,200 | €20,828 | -€24,372 | -53.9% |
| Deferred charges and accrued income | 490/1 | €7,704 | €2,595 | -€5,108 | -66.3% |
| Total equity and liabilities | 10/49 | €122,540 | €101,136 | -€21,403 | -17.5% |
| Equity | 10/15 | €41,042 | €20,460 | -€20,582 | -50.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,582 | - | -€20,582 | |
| Amounts payable | 17/49 | €81,498 | €80,676 | -€821 | -1.0% |
| Amounts payable within one year | 42/48 | €81,498 | €75,451 | -€6,046 | -7.4% |
| Trade debts | 44 | €8,882 | €12,899 | +€4,016 | +45.2% |
| Suppliers | 440/4 | €8,882 | €12,899 | +€4,016 | +45.2% |
| Taxes, remuneration and social security | 45 | €11,977 | €8,405 | -€3,572 | -29.8% |
| Taxes | 450/3 | €3,717 | €8,405 | +€4,688 | +126% |
| Remuneration and social security | 454/9 | €8,260 | - | -€8,260 | |
| Other amounts payable | 47/48 | €60,638 | €54,147 | -€6,491 | -10.7% |
| Accrued charges and deferred income | 492/3 | - | €5,225 | +€5,225 | |
| Remuneration, social security and pensions | 62 | €266,320 | €248,619 | -€17,702 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,128 | €16,115 | +€2,987 | +22.8% |
| Other operating charges | 640/8 | €738 | €4,125 | +€3,387 | +459% |
| Gross operating margin | 9900 | €395,014 | €353,090 | -€41,924 | -10.6% |
| Operating profit (loss) | 9901 | €114,828 | €84,231 | -€30,597 | -26.6% |
| Financial income | 75/76B | €275 | €87 | -€188 | -68.3% |
| Recurring financial income | 75 | €275 | €87 | -€188 | -68.3% |
| Financial charges | 65/66B | €37,134 | €42,168 | +€5,034 | +13.6% |
| Recurring financial charges | 65 | €37,134 | €42,168 | +€5,034 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €77,969 | €42,149 | -€35,819 | -45.9% |
| Income taxes | 67/77 | €17,331 | €10,190 | -€7,141 | -41.2% |
| Profit (loss) for the period | 9904 | €60,638 | €31,960 | -€28,678 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,638 | €31,960 | -€28,678 | -47.3% |
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 18 October 2026 via checked.be.