Arborsana: 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.
Arborsana
Largest movements
- Cash +€106,012
up €106,012 (+10,864%), from €976 to €106,988
mainly Debts after one year (+€96,967) and Other debts (+€78,828)
- Deferred charges and accrued income -€72,781
down €72,781 (-99.3%), from €73,328 to €547
- Tangible fixed assets -€54,733
down €54,733 (-3.1%), from €1.8m to €1.7m
of which Land and buildings: -€48,415
- Receivables within one year -€51,814
down €51,814 (-37.1%), from €139,513 to €87,699
of which Trade receivables: -€32,135
- Short-term financial debts -€318,152
down €318,152 (-100%), from €318,152 to €0
- Debts after one year +€96,967
up €96,967 (+4.5%), from €2.1m to €2.2m
of which Financial debts: +€109,721
- Other debts +€78,828
up €78,828 (+73.7%), from €106,951 to €185,779
- Gross operating margin -€31,737
down €31,737 (-11.9%), from €267,809 to €236,071
- Financial income -€14,661
down €14,661 (-53.5%), from €27,414 to €12,754
- Financial charges -€9,119
down €9,119 (-7.8%), from €116,410 to €107,291
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 | €3,074,326 | €3,001,010 | -€73,316 | -2.4% |
| Fixed assets | 21/28 | €2,513,310 | €2,458,577 | -€54,733 | -2.2% |
| Tangible fixed assets | 22/27 | €1,756,710 | €1,701,977 | -€54,733 | -3.1% |
| Land and buildings | 22 | €1,738,102 | €1,689,687 | -€48,415 | -2.8% |
| Furniture and vehicles | 24 | €18,607 | €12,289 | -€6,318 | -34.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €756,600 | €756,600 | = | 0.0% |
| Current assets | 29/58 | €561,017 | €542,434 | -€18,583 | -3.3% |
| Stocks and contracts in progress | 3 | €347,200 | €347,200 | = | 0.0% |
| Stocks | 30/36 | €347,200 | €347,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €139,513 | €87,699 | -€51,814 | -37.1% |
| Trade receivables | 40 | €112,991 | €80,855 | -€32,135 | -28.4% |
| Other amounts receivable | 41 | €26,522 | €6,843 | -€19,679 | -74.2% |
| Cash at bank and in hand | 54/58 | €976 | €106,988 | +€106,012 | +10,864% |
| Deferred charges and accrued income | 490/1 | €73,328 | €547 | -€72,781 | -99.3% |
| Total equity and liabilities | 10/49 | €3,074,326 | €3,001,010 | -€73,316 | -2.4% |
| Equity | 10/15 | €298,602 | €304,843 | +€6,241 | +2.1% |
| Contributions | 10/11 | €1,189 | €1,189 | = | 0.0% |
| Reserves | 13 | €297,413 | €303,655 | +€6,241 | +2.1% |
| Distributable reserves | 133 | €297,413 | €303,655 | +€6,241 | +2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,775,724 | €2,696,167 | -€79,557 | -2.9% |
| Amounts payable after more than one year | 17 | €2,148,584 | €2,245,551 | +€96,967 | +4.5% |
| Financial debts | 170/4 | €1,831,212 | €1,940,932 | +€109,721 | +6.0% |
| Other amounts payable | 178/9 | €317,372 | €304,619 | -€12,754 | -4.0% |
| Amounts payable within one year | 42/48 | €624,217 | €442,681 | -€181,536 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €163,433 | €186,434 | +€23,001 | +14.1% |
| Financial debts | 43 | €318,152 | €0 | -€318,152 | -100% |
| Credit institutions | 430/8 | €318,152 | €0 | -€318,152 | -100% |
| Trade debts | 44 | €3,932 | €21,522 | +€17,590 | +447% |
| Suppliers | 440/4 | €3,932 | €21,522 | +€17,590 | +447% |
| Taxes, remuneration and social security | 45 | €31,749 | €48,946 | +€17,196 | +54.2% |
| Taxes | 450/3 | €31,749 | €48,946 | +€17,196 | +54.2% |
| Other amounts payable | 47/48 | €106,951 | €185,779 | +€78,828 | +73.7% |
| Accrued charges and deferred income | 492/3 | €2,923 | €7,935 | +€5,012 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,909 | €54,733 | -€1,176 | -2.1% |
| Other operating charges | 640/8 | €8,450 | €9,794 | +€1,344 | +15.9% |
| Gross operating margin | 9900 | €267,809 | €236,071 | -€31,737 | -11.9% |
| Operating profit (loss) | 9901 | €203,450 | €171,544 | -€31,905 | -15.7% |
| Financial income | 75/76B | €27,414 | €12,754 | -€14,661 | -53.5% |
| Recurring financial income | 75 | €27,414 | €12,754 | -€14,661 | -53.5% |
| Financial charges | 65/66B | €116,410 | €107,291 | -€9,119 | -7.8% |
| Recurring financial charges | 65 | €116,410 | €107,291 | -€9,119 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €114,455 | €77,007 | -€37,447 | -32.7% |
| Income taxes | 67/77 | €10,300 | €12,600 | +€2,300 | +22.3% |
| Profit (loss) for the period | 9904 | €104,155 | €64,407 | -€39,747 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,155 | €64,407 | -€39,747 | -38.2% |
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 17 October 2026 via checked.be.