ARBORIAS: 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.
ARBORIAS
Largest movements
- Tangible fixed assets -€23,389
down €23,389 (-53.8%), from €43,488 to €20,100
of which Furniture and vehicles: -€17,603
- Cash +€656
up €656 (+25.0%), from €2,621 to €3,277
mainly Depreciation (+€17,298) and Other debts (+€6,441)
- Receivables within one year -€538
down €538 (-44.1%), from €1,219 to €681
of which Other amounts receivable: -€335
- Profit (loss) carried forward -€30,878
down €30,878 (-48.5%), from -€63,632 to -€94,510
- Other debts +€6,441
up €6,441 (+11.9%), from €54,059 to €60,501
- Trade debts +€1,191
up €1,191 (+308%), from €387 to €1,579
- Gross operating margin -€9,362
down €9,362, from €2,066 to -€7,296
- Other operating charges +€5,910
up €5,910 (+1,840%), from €321 to €6,231
- Depreciation -€1,805
down €1,805 (-9.4%), from €19,103 to €17,298
- Financial charges -€282
down €282 (-84.2%), from €335 to €53
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 | €49,097 | €25,852 | -€23,245 | -47.3% |
| Fixed assets | 21/28 | €43,488 | €20,100 | -€23,389 | -53.8% |
| Tangible fixed assets | 22/27 | €43,488 | €20,100 | -€23,389 | -53.8% |
| Plant, machinery and equipment | 23 | €14,790 | €9,004 | -€5,786 | -39.1% |
| Furniture and vehicles | 24 | €28,698 | €11,095 | -€17,603 | -61.3% |
| Current assets | 29/58 | €5,608 | €5,752 | +€144 | +2.6% |
| Amounts receivable within one year | 40/41 | €1,219 | €681 | -€538 | -44.1% |
| Trade receivables | 40 | €203 | - | -€203 | |
| Other amounts receivable | 41 | €1,016 | €681 | -€335 | -32.9% |
| Cash at bank and in hand | 54/58 | €2,621 | €3,277 | +€656 | +25.0% |
| Deferred charges and accrued income | 490/1 | €1,768 | €1,793 | +€26 | +1.5% |
| Total equity and liabilities | 10/49 | €49,097 | €25,852 | -€23,245 | -47.3% |
| Equity | 10/15 | -€57,384 | -€88,262 | -€30,878 | -53.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €48 | €48 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,632 | -€94,510 | -€30,878 | -48.5% |
| Amounts payable | 17/49 | €106,481 | €114,113 | +€7,633 | +7.2% |
| Amounts payable within one year | 42/48 | €106,481 | €114,113 | +€7,633 | +7.2% |
| Financial debts | 43 | €52,034 | €52,034 | = | 0.0% |
| Other loans | 439 | €52,034 | €52,034 | = | 0.0% |
| Trade debts | 44 | €387 | €1,579 | +€1,191 | +308% |
| Suppliers | 440/4 | €387 | €1,579 | +€1,191 | +308% |
| Other amounts payable | 47/48 | €54,059 | €60,501 | +€6,441 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,103 | €17,298 | -€1,805 | -9.4% |
| Other operating charges | 640/8 | €321 | €6,231 | +€5,910 | +1,840% |
| Non-recurring operating charges | 66A | €316 | - | -€316 | |
| Gross operating margin | 9900 | €2,066 | -€7,296 | -€9,362 | |
| Operating profit (loss) | 9901 | -€17,673 | -€30,825 | -€13,151 | -74.4% |
| Financial charges | 65/66B | €335 | €53 | -€282 | -84.2% |
| Recurring financial charges | 65 | €335 | €53 | -€282 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,009 | -€30,878 | -€12,869 | -71.5% |
| Profit (loss) for the period | 9904 | -€18,009 | -€30,878 | -€12,869 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,009 | -€30,878 | -€12,869 | -71.5% |
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 21 October 2026 via checked.be.