ARBOVYCOLE: 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.
ARBOVYCOLE
Largest movements
- Tangible fixed assets +€29,325
up €29,325 (+55.1%), from €53,197 to €82,523
- Cash -€1,252
down €1,252 (-32.0%), from €3,917 to €2,665
mainly Investment in fixed assets (net) (-€43,000) and Trade debts (-€311)
- Receivables within one year -€1,234
down €1,234 (-45.7%), from €2,704 to €1,469
of which Other amounts receivable: -€1,506
- Profit (loss) carried forward +€15,411
up €15,411 (+140.9%), from €10,934 to €26,345
- Other debts +€4,870
up €4,870 (+55.3%), from €8,813 to €13,683
- Debts after one year +€4,831
up €4,831 (+21.6%), from €22,336 to €27,167
- Current portion of long-term debt +€1,863
up €1,863 (+15.1%), from €12,374 to €14,237
- Gross operating margin +€13,858
up €13,858 (+55.3%), from €25,071 to €38,929
- Depreciation +€4,102
up €4,102 (+42.9%), from €9,573 to €13,675
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 | €61,262 | €88,190 | +€26,928 | +44.0% |
| Fixed assets | 21/28 | €53,197 | €82,523 | +€29,325 | +55.1% |
| Tangible fixed assets | 22/27 | €53,197 | €82,523 | +€29,325 | +55.1% |
| Plant, machinery and equipment | 23 | €10,351 | €23,249 | +€12,898 | +124.6% |
| Furniture and vehicles | 24 | €28,083 | €32,375 | +€4,292 | +15.3% |
| Leasing and similar rights | 25 | €14,764 | €26,899 | +€12,135 | +82.2% |
| Current assets | 29/58 | €8,065 | €5,667 | -€2,397 | -29.7% |
| Amounts receivable within one year | 40/41 | €2,704 | €1,469 | -€1,234 | -45.7% |
| Trade receivables | 40 | €1,198 | €1,469 | +€271 | +22.7% |
| Other amounts receivable | 41 | €1,506 | - | -€1,506 | |
| Cash at bank and in hand | 54/58 | €3,917 | €2,665 | -€1,252 | -32.0% |
| Deferred charges and accrued income | 490/1 | €1,444 | €1,533 | +€89 | +6.2% |
| Total equity and liabilities | 10/49 | €61,262 | €88,190 | +€26,928 | +44.0% |
| Equity | 10/15 | €13,934 | €29,345 | +€15,411 | +110.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,934 | €26,345 | +€15,411 | +140.9% |
| Amounts payable | 17/49 | €47,328 | €58,845 | +€11,517 | +24.3% |
| Amounts payable after more than one year | 17 | €22,336 | €27,167 | +€4,831 | +21.6% |
| Financial debts | 170/4 | €22,336 | €27,167 | +€4,831 | +21.6% |
| Amounts payable within one year | 42/48 | €24,992 | €31,677 | +€6,685 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €12,374 | €14,237 | +€1,863 | +15.1% |
| Trade debts | 44 | €794 | €483 | -€311 | -39.2% |
| Suppliers | 440/4 | €794 | €483 | -€311 | -39.2% |
| Taxes, remuneration and social security | 45 | €3,011 | €3,274 | +€263 | +8.7% |
| Taxes | 450/3 | €3,011 | €3,274 | +€263 | +8.7% |
| Other amounts payable | 47/48 | €8,813 | €13,683 | +€4,870 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,573 | €13,675 | +€4,102 | +42.9% |
| Other operating charges | 640/8 | €34 | €59 | +€24 | +70.5% |
| Non-recurring operating charges | 66A | - | €5,337 | +€5,337 | |
| Gross operating margin | 9900 | €25,071 | €38,929 | +€13,858 | +55.3% |
| Operating profit (loss) | 9901 | €15,464 | €19,859 | +€4,395 | +28.4% |
| Financial charges | 65/66B | €1,519 | €1,321 | -€198 | -13.0% |
| Recurring financial charges | 65 | €1,519 | €1,321 | -€198 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €13,945 | €18,538 | +€4,593 | +32.9% |
| Income taxes | 67/77 | €3,011 | €3,126 | +€116 | +3.8% |
| Profit (loss) for the period | 9904 | €10,934 | €15,411 | +€4,477 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,934 | €15,411 | +€4,477 | +40.9% |
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 12 October 2026 via checked.be.