ARBORUP: 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.
ARBORUP
Largest movements
- Tangible fixed assets +€35,392
up €35,392 (+687.0%), from €5,152 to €40,544
- Receivables within one year +€4,454
up €4,454 (+62.9%), from €7,083 to €11,537
of which Other amounts receivable: +€6,681
- Cash -€738
down €738 (-4.0%), from €18,544 to €17,806
mainly Investment in fixed assets (net) (-€37,246) and Tax, wage and social debts (-€9,008)
- Current portion of long-term debt +€28,955
new in 2025: €28,955
- Tax, wage and social debts -€9,008
down €9,008 (-82.6%), from €10,900 to €1,892
of which Remuneration and social security: -€5,712
- Profit (loss) carried forward +€8,362
up €8,362 (+46.8%), from €17,879 to €26,241
- Short-term financial debts +€6,561
new in 2025: €6,561
- Trade debts +€4,238
new in 2025: €4,238
- Staff costs +€6,007
up €6,007 (+79.4%), from €7,561 to €13,568
- Gross operating margin -€5,011
down €5,011 (-15.7%), from €31,982 to €26,971
- Taxes -€2,679
down €2,679 (-52.7%), from €5,083 to €2,404
- Depreciation +€1,272
up €1,272 (+218.6%), from €582 to €1,854
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 | €30,779 | €69,887 | +€39,108 | +127.1% |
| Fixed assets | 21/28 | €5,152 | €40,544 | +€35,392 | +687.0% |
| Tangible fixed assets | 22/27 | €5,152 | €40,544 | +€35,392 | +687.0% |
| Plant, machinery and equipment | 23 | €5,152 | €40,544 | +€35,392 | +687.0% |
| Current assets | 29/58 | €25,627 | €29,343 | +€3,716 | +14.5% |
| Amounts receivable within one year | 40/41 | €7,083 | €11,537 | +€4,454 | +62.9% |
| Trade receivables | 40 | €3,195 | €968 | -€2,227 | -69.7% |
| Other amounts receivable | 41 | €3,888 | €10,569 | +€6,681 | +171.8% |
| Cash at bank and in hand | 54/58 | €18,544 | €17,806 | -€738 | -4.0% |
| Total equity and liabilities | 10/49 | €30,779 | €69,887 | +€39,108 | +127.1% |
| Equity | 10/15 | €19,879 | €28,241 | +€8,362 | +42.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,879 | €26,241 | +€8,362 | +46.8% |
| Amounts payable | 17/49 | €10,900 | €41,646 | +€30,746 | +282.1% |
| Amounts payable within one year | 42/48 | €10,900 | €41,646 | +€30,746 | +282.1% |
| Current portion of amounts payable after more than one year | 42 | - | €28,955 | +€28,955 | |
| Financial debts | 43 | - | €6,561 | +€6,561 | |
| Credit institutions | 430/8 | - | €6,561 | +€6,561 | |
| Trade debts | 44 | - | €4,238 | +€4,238 | |
| Suppliers | 440/4 | - | €4,238 | +€4,238 | |
| Taxes, remuneration and social security | 45 | €10,900 | €1,892 | -€9,008 | -82.6% |
| Taxes | 450/3 | €5,188 | €1,892 | -€3,296 | -63.5% |
| Remuneration and social security | 454/9 | €5,712 | - | -€5,712 | |
| Remuneration, social security and pensions | 62 | €7,561 | €13,568 | +€6,007 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582 | €1,854 | +€1,272 | +218.6% |
| Other operating charges | 640/8 | €485 | €440 | -€45 | -9.3% |
| Gross operating margin | 9900 | €31,982 | €26,971 | -€5,011 | -15.7% |
| Operating profit (loss) | 9901 | €23,354 | €11,109 | -€12,245 | -52.4% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €102 | €343 | +€241 | +236.3% |
| Recurring financial charges | 65 | €102 | €343 | +€241 | +236.3% |
| Profit (loss) for the period before taxes | 9903 | €23,257 | €10,766 | -€12,491 | -53.7% |
| Income taxes | 67/77 | €5,083 | €2,404 | -€2,679 | -52.7% |
| Profit (loss) for the period | 9904 | €18,174 | €8,362 | -€9,812 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,174 | €8,362 | -€9,812 | -54.0% |
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 10 October 2026 via checked.be.