ARBORITECH: what changed
Two fiscal 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.
ARBORITECH
Largest movements
- Tangible fixed assets +€71,122
up €71,122 (+32.8%), from €216,967 to €288,088
of which Plant, machinery and equipment: +€89,102
- Cash -€10,141
down €10,141 (-18.8%), from €53,849 to €43,708
mainly Investment in fixed assets (net) (-€98,434) and Trade debts (-€12,352)
- Receivables within one year -€5,920
down €5,920 (-21.5%), from €27,486 to €21,565
of which Trade receivables: -€18,436
- Debts after one year +€33,839
up €33,839 (+42.2%), from €80,184 to €114,023
- Profit (loss) carried forward +€24,593
up €24,593 (+18.7%), from €131,298 to €155,891
- Current portion of long-term debt +€14,845
up €14,845 (+59.7%), from €24,884 to €39,728
- Trade debts -€12,352
down €12,352 (-64.4%), from €19,180 to €6,828
- Other debts -€8,415
down €8,415 (-44.2%), from €19,036 to €10,621
- Staff costs +€14,188
up €14,188 (+24.8%), from €57,312 to €71,500
- Gross operating margin +€8,337
up €8,337 (+6.6%), from €125,422 to €133,759
- Taxes -€2,962
down €2,962 (-32.3%), from €9,164 to €6,202
- Depreciation +€2,493
up €2,493 (+10.0%), from €24,819 to €27,312
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.
Cash bridge derived
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 | €303,414 | €358,058 | +€54,644 | +18.0% |
| Fixed assets | 21/28 | €217,237 | €288,358 | +€71,122 | +32.7% |
| Tangible fixed assets | 22/27 | €216,967 | €288,088 | +€71,122 | +32.8% |
| Land and buildings | 22 | €168,057 | €166,131 | -€1,926 | -1.1% |
| Plant, machinery and equipment | 23 | €3,495 | €92,597 | +€89,102 | +2549.5% |
| Furniture and vehicles | 24 | €43,781 | €28,020 | -€15,761 | -36.0% |
| Other tangible fixed assets | 26 | €1,635 | €1,341 | -€294 | -18.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €86,177 | €69,700 | -€16,477 | -19.1% |
| Amounts receivable within one year | 40/41 | €27,486 | €21,565 | -€5,920 | -21.5% |
| Trade receivables | 40 | €25,692 | €7,256 | -€18,436 | -71.8% |
| Other amounts receivable | 41 | €1,794 | €14,310 | +€12,516 | +697.6% |
| Cash at bank and in hand | 54/58 | €53,849 | €43,708 | -€10,141 | -18.8% |
| Deferred charges and accrued income | 490/1 | €4,842 | €4,426 | -€416 | -8.6% |
| Total equity and liabilities | 10/49 | €303,414 | €358,058 | +€54,644 | +18.0% |
| Equity | 10/15 | €151,749 | €176,342 | +€24,593 | +16.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,298 | €155,891 | +€24,593 | +18.7% |
| Amounts payable | 17/49 | €151,665 | €181,716 | +€30,051 | +19.8% |
| Amounts payable after more than one year | 17 | €80,184 | €114,023 | +€33,839 | +42.2% |
| Financial debts | 170/4 | €80,184 | €114,023 | +€33,839 | +42.2% |
| Amounts payable within one year | 42/48 | €71,231 | €67,443 | -€3,788 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €24,884 | €39,728 | +€14,845 | +59.7% |
| Financial debts | 43 | €148 | €138 | -€10 | -6.9% |
| Credit institutions | 430/8 | €148 | €138 | -€10 | -6.9% |
| Trade debts | 44 | €19,180 | €6,828 | -€12,352 | -64.4% |
| Suppliers | 440/4 | €19,180 | €6,828 | -€12,352 | -64.4% |
| Taxes, remuneration and social security | 45 | €7,982 | €10,127 | +€2,145 | +26.9% |
| Taxes | 450/3 | €640 | €0 | -€640 | -100.0% |
| Remuneration and social security | 454/9 | €7,342 | €10,127 | +€2,785 | +37.9% |
| Other amounts payable | 47/48 | €19,036 | €10,621 | -€8,415 | -44.2% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €57,312 | €71,500 | +€14,188 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,819 | €27,312 | +€2,493 | +10.0% |
| Other operating charges | 640/8 | €434 | €459 | +€24 | +5.6% |
| Gross operating margin | 9900 | €125,422 | €133,759 | +€8,337 | +6.6% |
| Operating profit (loss) | 9901 | €42,857 | €34,488 | -€8,368 | -19.5% |
| Financial income | 75/76B | €24 | €27 | +€3 | +11.9% |
| Recurring financial income | 75 | €24 | €27 | +€3 | +11.9% |
| Financial charges | 65/66B | €3,627 | €3,720 | +€93 | +2.6% |
| Recurring financial charges | 65 | €3,627 | €3,720 | +€93 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €39,254 | €30,796 | -€8,458 | -21.5% |
| Income taxes | 67/77 | €9,164 | €6,202 | -€2,962 | -32.3% |
| Profit (loss) for the period | 9904 | €30,089 | €24,593 | -€5,496 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,089 | €24,593 | -€5,496 | -18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.