ARBORIUS: 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.
ARBORIUS
Largest movements
- Current investments +€41,560
up €41,560 (+9.7%), from €428,440 to €470,000
- Tangible fixed assets -€16,999
down €16,999 (-50.9%), from €33,396 to €16,397
of which Furniture and vehicles: -€16,723
- Reserves +€41,165
up €41,165 (+7.8%), from €527,109 to €568,274
of which Distributable reserves: +€41,165
- Tax, wage and social debts -€6,907
down €6,907 (-75.3%), from €9,171 to €2,264
- Gross operating margin +€20,130
up €20,130 (+38.9%), from €51,727 to €71,857
- Financial income -€5,603
down €5,603 (-41.7%), from €13,433 to €7,830
of which Financial income: -€7,163
- Taxes +€4,357
up €4,357 (+28.2%), from €15,453 to €19,810
- Financial charges -€1,808
down €1,808 (-97.7%), from €1,850 to €42
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 | €550,815 | €583,865 | +€33,050 | +6.0% |
| Fixed assets | 21/28 | €33,396 | €16,397 | -€16,999 | -50.9% |
| Tangible fixed assets | 22/27 | €33,396 | €16,397 | -€16,999 | -50.9% |
| Plant, machinery and equipment | 23 | €646 | €370 | -€276 | -42.7% |
| Furniture and vehicles | 24 | €32,750 | €16,027 | -€16,723 | -51.1% |
| Current assets | 29/58 | €517,419 | €567,468 | +€50,049 | +9.7% |
| Amounts receivable within one year | 40/41 | €13,253 | €17,809 | +€4,556 | +34.4% |
| Trade receivables | 40 | €10,203 | €10,426 | +€223 | +2.2% |
| Other amounts receivable | 41 | €3,050 | €7,383 | +€4,333 | +142.1% |
| Current investments | 50/53 | €428,440 | €470,000 | +€41,560 | +9.7% |
| Cash at bank and in hand | 54/58 | €74,059 | €78,526 | +€4,467 | +6.0% |
| Deferred charges and accrued income | 490/1 | €1,667 | €1,133 | -€534 | -32.0% |
| Total equity and liabilities | 10/49 | €550,815 | €583,865 | +€33,050 | +6.0% |
| Equity | 10/15 | €539,509 | €580,674 | +€41,165 | +7.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €527,109 | €568,274 | +€41,165 | +7.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Other | 1319 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €525,254 | €566,419 | +€41,165 | +7.8% |
| Amounts payable | 17/49 | €11,306 | €3,191 | -€8,115 | -71.8% |
| Amounts payable within one year | 42/48 | €11,306 | €2,675 | -€8,631 | -76.3% |
| Trade debts | 44 | €2,135 | €411 | -€1,724 | -80.7% |
| Suppliers | 440/4 | €2,135 | €411 | -€1,724 | -80.7% |
| Taxes, remuneration and social security | 45 | €9,171 | €2,264 | -€6,907 | -75.3% |
| Taxes | 450/3 | €9,171 | €2,264 | -€6,907 | -75.3% |
| Accrued charges and deferred income | 492/3 | - | €516 | +€516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,159 | €16,999 | -€160 | -0.9% |
| Other operating charges | 640/8 | €1,650 | €1,671 | +€21 | +1.3% |
| Gross operating margin | 9900 | €51,727 | €71,857 | +€20,130 | +38.9% |
| Operating profit (loss) | 9901 | €32,918 | €53,187 | +€20,269 | +61.6% |
| Financial income | 75/76B | €13,433 | €7,830 | -€5,603 | -41.7% |
| Recurring financial income | 75 | €13,433 | €6,270 | -€7,163 | -53.3% |
| Non-recurring financial income | 76B | - | €1,560 | +€1,560 | |
| Financial charges | 65/66B | €1,850 | €42 | -€1,808 | -97.7% |
| Recurring financial charges | 65 | €1,850 | €42 | -€1,808 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €44,501 | €60,975 | +€16,474 | +37.0% |
| Income taxes | 67/77 | €15,453 | €19,810 | +€4,357 | +28.2% |
| Profit (loss) for the period | 9904 | €29,048 | €41,165 | +€12,117 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,048 | €41,165 | +€12,117 | +41.7% |
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 4 October 2026 via checked.be.