ARBORVITAE: 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.
ARBORVITAE
Largest movements
- Stocks and contracts -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Tangible fixed assets -€16,313
down €16,313 (-61.4%), from €26,560 to €10,247
of which Furniture and vehicles: -€13,398
- Cash +€13,873
up €13,873 (+239.6%), from €5,789 to €19,663
mainly Stocks and contracts (+€45,000) and Depreciation (+€13,813)
- Receivables within one year -€8,749
down €8,749 (-30.7%), from €28,506 to €19,757
of which Trade receivables: -€11,077
- Other debts -€38,836
down €38,836 (-16.0%), from €242,534 to €203,698
- Profit (loss) carried forward -€23,144
down €23,144 (-9.1%), from -€252,941 to -€276,084
- Trade debts +€6,389
up €6,389 (+63.5%), from €10,063 to €16,452
- Gross operating margin +€12,902
up €12,902 (+82.6%), from -€15,620 to -€2,717
- Depreciation -€7,501
down €7,501 (-35.2%), from €21,314 to €13,813
- Financial charges +€757
up €757 (+123.1%), from €614 to €1,371
- Other operating charges +€623
up €623 (+14.7%), from €4,243 to €4,867
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 | €109,372 | €52,788 | -€56,583 | -51.7% |
| Fixed assets | 21/28 | €26,560 | €10,247 | -€16,313 | -61.4% |
| Tangible fixed assets | 22/27 | €26,560 | €10,247 | -€16,313 | -61.4% |
| Plant, machinery and equipment | 23 | €6,262 | €4,125 | -€2,137 | -34.1% |
| Furniture and vehicles | 24 | €16,165 | €2,768 | -€13,398 | -82.9% |
| Other tangible fixed assets | 26 | €4,134 | €3,355 | -€779 | -18.8% |
| Current assets | 29/58 | €82,811 | €42,541 | -€40,270 | -48.6% |
| Stocks and contracts in progress | 3 | €45,000 | €0 | -€45,000 | -100.0% |
| Stocks | 30/36 | €45,000 | €0 | -€45,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €28,506 | €19,757 | -€8,749 | -30.7% |
| Trade receivables | 40 | €28,322 | €17,245 | -€11,077 | -39.1% |
| Other amounts receivable | 41 | €184 | €2,512 | +€2,328 | +1263.4% |
| Cash at bank and in hand | 54/58 | €5,789 | €19,663 | +€13,873 | +239.6% |
| Deferred charges and accrued income | 490/1 | €3,516 | €3,121 | -€395 | -11.2% |
| Total equity and liabilities | 10/49 | €109,372 | €52,788 | -€56,583 | -51.7% |
| Equity | 10/15 | -€230,941 | -€254,084 | -€23,144 | -10.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€252,941 | -€276,084 | -€23,144 | -9.1% |
| Amounts payable | 17/49 | €340,312 | €306,873 | -€33,440 | -9.8% |
| Amounts payable after more than one year | 17 | €86,000 | €86,000 | = | 0.0% |
| Financial debts | 170/4 | €86,000 | €86,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €254,312 | €220,873 | -€33,440 | -13.1% |
| Trade debts | 44 | €10,063 | €16,452 | +€6,389 | +63.5% |
| Suppliers | 440/4 | €10,063 | €16,452 | +€6,389 | +63.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,715 | €723 | -€993 | -57.9% |
| Taxes | 450/3 | €1,715 | €723 | -€993 | -57.9% |
| Other amounts payable | 47/48 | €242,534 | €203,698 | -€38,836 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,314 | €13,813 | -€7,501 | -35.2% |
| Other operating charges | 640/8 | €4,243 | €4,867 | +€623 | +14.7% |
| Gross operating margin | 9900 | -€15,620 | -€2,717 | +€12,902 | +82.6% |
| Operating profit (loss) | 9901 | -€41,177 | -€21,397 | +€19,780 | +48.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €614 | €1,371 | +€757 | +123.1% |
| Recurring financial charges | 65 | €614 | €1,371 | +€757 | +123.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,791 | -€22,768 | +€19,023 | +45.5% |
| Income taxes | 67/77 | €381 | €376 | -€5 | -1.3% |
| Profit (loss) for the period | 9904 | -€42,172 | -€23,144 | +€19,028 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,172 | -€23,144 | +€19,028 | +45.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.