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 -€22,883
down €22,883 (-26.1%), from €87,721 to €64,838
of which Leasing and similar rights: -€15,684
- Receivables within one year -€12,073
down €12,073 (-50.0%), from €24,158 to €12,085
of which Trade receivables: -€8,212
- Deferred charges and accrued income +€4,116
up €4,116 (+135%), from €3,050 to €7,166
- Debts after one year -€26,520
down €26,520 (-46.0%), from €57,638 to €31,118
- Profit (loss) carried forward -€16,187
down €16,187, from €3,587 to -€12,600
- Other debts +€16,064
up €16,064 (+46.6%), from €34,466 to €50,530
- Short-term financial debts -€6,000
no longer reported in 2025 (was €6,000)
- Tax, wage and social debts -€2,279
down €2,279 (-21.4%), from €10,661 to €8,382
of which Remuneration and social security: -€3,031
- Staff costs -€14,037
down €14,037 (-29.1%), from €48,244 to €34,207
- Depreciation +€8,906
up €8,906 (+29.2%), from €30,468 to €39,374
- Gross operating margin +€3,790
up €3,790 (+6.4%), from €58,838 to €62,629
- Taxes -€2,419
down €2,419 (-95.2%), from €2,539 to €121
- Other operating charges -€2,191
down €2,191 (-75.2%), from €2,915 to €724
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 | €139,744 | €108,633 | -€31,111 | -22.3% |
| Fixed assets | 21/28 | €87,721 | €64,838 | -€22,883 | -26.1% |
| Tangible fixed assets | 22/27 | €87,721 | €64,838 | -€22,883 | -26.1% |
| Plant, machinery and equipment | 23 | €6,764 | €13,788 | +€7,024 | +104% |
| Furniture and vehicles | 24 | €36,260 | €22,038 | -€14,223 | -39.2% |
| Leasing and similar rights | 25 | €44,697 | €29,012 | -€15,684 | -35.1% |
| Current assets | 29/58 | €52,023 | €43,795 | -€8,228 | -15.8% |
| Stocks and contracts in progress | 3 | €19,381 | €19,881 | +€500 | +2.6% |
| Stocks | 30/36 | €19,381 | €19,881 | +€500 | +2.6% |
| Amounts receivable within one year | 40/41 | €24,158 | €12,085 | -€12,073 | -50.0% |
| Trade receivables | 40 | €11,797 | €3,586 | -€8,212 | -69.6% |
| Other amounts receivable | 41 | €12,360 | €8,500 | -€3,861 | -31.2% |
| Cash at bank and in hand | 54/58 | €5,434 | €4,662 | -€772 | -14.2% |
| Deferred charges and accrued income | 490/1 | €3,050 | €7,166 | +€4,116 | +135% |
| Total equity and liabilities | 10/49 | €139,744 | €108,633 | -€31,111 | -22.3% |
| Equity | 10/15 | €6,587 | -€9,600 | -€16,187 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,587 | -€12,600 | -€16,187 | |
| Amounts payable | 17/49 | €133,157 | €118,233 | -€14,924 | -11.2% |
| Amounts payable after more than one year | 17 | €57,638 | €31,118 | -€26,520 | -46.0% |
| Financial debts | 170/4 | €57,638 | €31,118 | -€26,520 | -46.0% |
| Amounts payable within one year | 42/48 | €75,519 | €87,115 | +€11,596 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €24,391 | €25,946 | +€1,555 | +6.4% |
| Financial debts | 43 | €6,000 | - | -€6,000 | |
| Credit institutions | 430/8 | €6,000 | - | -€6,000 | |
| Trade debts | 44 | - | €2,256 | +€2,256 | |
| Suppliers | 440/4 | - | €2,256 | +€2,256 | |
| Taxes, remuneration and social security | 45 | €10,661 | €8,382 | -€2,279 | -21.4% |
| Taxes | 450/3 | €1,437 | €2,189 | +€752 | +52.4% |
| Remuneration and social security | 454/9 | €9,224 | €6,193 | -€3,031 | -32.9% |
| Other amounts payable | 47/48 | €34,466 | €50,530 | +€16,064 | +46.6% |
| Remuneration, social security and pensions | 62 | €48,244 | €34,207 | -€14,037 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,468 | €39,374 | +€8,906 | +29.2% |
| Other operating charges | 640/8 | €2,915 | €724 | -€2,191 | -75.2% |
| Gross operating margin | 9900 | €58,838 | €62,629 | +€3,790 | +6.4% |
| Operating profit (loss) | 9901 | -€22,788 | -€11,676 | +€11,112 | +48.8% |
| Financial income | 75/76B | €107 | €42 | -€65 | -60.9% |
| Recurring financial income | 75 | €107 | €42 | -€65 | -60.9% |
| Financial charges | 65/66B | €4,744 | €4,432 | -€312 | -6.6% |
| Recurring financial charges | 65 | €4,744 | €4,432 | -€312 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,425 | -€16,066 | +€11,359 | +41.4% |
| Income taxes | 67/77 | €2,539 | €121 | -€2,419 | -95.2% |
| Profit (loss) for the period | 9904 | -€29,965 | -€16,187 | +€13,778 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,965 | -€16,187 | +€13,778 | +46.0% |
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 13 October 2026 via checked.be.