ARBP: 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.
ARBP
Largest movements
- Cash -€101,931
down €101,931 (-65.4%), from €155,741 to €53,810
mainly Contributions, distributions and other (-€199,000) and Other debts (-€70,990)
- Receivables within one year -€10,900
down €10,900 (-9.7%), from €112,431 to €101,531
of which Other amounts receivable: -€7,563
- Tangible fixed assets -€4,197
down €4,197 (-7.8%), from €53,687 to €49,490
- Other debts -€70,990
down €70,990 (-44.0%), from €161,500 to €90,510
- Tax, wage and social debts -€51,373
down €51,373 (-75.7%), from €67,883 to €16,510
- Current portion of long-term debt +€4,038
up €4,038 (+10.2%), from €39,748 to €43,786
- Financial income -€7,027
down €7,027 (-93.3%), from €7,532 to €505
- Gross operating margin +€5,572
up €5,572 (+2.0%), from €272,916 to €278,488
- Depreciation +€5,078
up €5,078 (+51.2%), from €9,911 to €14,990
- Other operating charges -€4,612
down €4,612 (-87.2%), from €5,286 to €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 | €325,844 | €207,569 | -€118,274 | -36.3% |
| Fixed assets | 21/28 | €53,687 | €49,490 | -€4,197 | -7.8% |
| Tangible fixed assets | 22/27 | €53,687 | €49,490 | -€4,197 | -7.8% |
| Furniture and vehicles | 24 | €53,687 | €49,490 | -€4,197 | -7.8% |
| Current assets | 29/58 | €272,157 | €158,080 | -€114,077 | -41.9% |
| Amounts receivable within one year | 40/41 | €112,431 | €101,531 | -€10,900 | -9.7% |
| Trade receivables | 40 | €104,868 | €101,531 | -€3,336 | -3.2% |
| Other amounts receivable | 41 | €7,563 | €0 | -€7,563 | -100.0% |
| Cash at bank and in hand | 54/58 | €155,741 | €53,810 | -€101,931 | -65.4% |
| Deferred charges and accrued income | 490/1 | €3,985 | €2,739 | -€1,246 | -31.3% |
| Total equity and liabilities | 10/49 | €325,844 | €207,569 | -€118,274 | -36.3% |
| Equity | 10/15 | €5,884 | €5,534 | -€349 | -5.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €884 | €534 | -€349 | -39.5% |
| Amounts payable | 17/49 | €319,960 | €202,035 | -€117,925 | -36.9% |
| Amounts payable after more than one year | 17 | €49,735 | €49,921 | +€186 | +0.4% |
| Financial debts | 170/4 | €49,735 | €22,921 | -€26,814 | -53.9% |
| Other amounts payable | 178/9 | - | €27,000 | +€27,000 | |
| Amounts payable within one year | 42/48 | €270,225 | €152,115 | -€118,111 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €39,748 | €43,786 | +€4,038 | +10.2% |
| Trade debts | 44 | €1,094 | €1,308 | +€214 | +19.6% |
| Suppliers | 440/4 | €1,094 | €1,308 | +€214 | +19.6% |
| Taxes, remuneration and social security | 45 | €67,883 | €16,510 | -€51,373 | -75.7% |
| Taxes | 450/3 | €67,883 | €16,510 | -€51,373 | -75.7% |
| Other amounts payable | 47/48 | €161,500 | €90,510 | -€70,990 | -44.0% |
| Non-recurring operating income | 76A | €8,269 | €0 | -€8,269 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,911 | €14,990 | +€5,078 | +51.2% |
| Other operating charges | 640/8 | €5,286 | €675 | -€4,612 | -87.2% |
| Non-recurring operating charges | 66A | €8,900 | €0 | -€8,900 | -100.0% |
| Gross operating margin | 9900 | €272,916 | €278,488 | +€5,572 | +2.0% |
| Operating profit (loss) | 9901 | €248,818 | €262,824 | +€14,005 | +5.6% |
| Financial income | 75/76B | €7,532 | €505 | -€7,027 | -93.3% |
| Recurring financial income | 75 | €7,532 | €505 | -€7,027 | -93.3% |
| Financial charges | 65/66B | €3,647 | €2,852 | -€795 | -21.8% |
| Recurring financial charges | 65 | €3,647 | €2,852 | -€795 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €252,703 | €260,477 | +€7,773 | +3.1% |
| Income taxes | 67/77 | €60,107 | €61,826 | +€1,719 | +2.9% |
| Profit (loss) for the period | 9904 | €192,596 | €198,651 | +€6,055 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €192,596 | €198,651 | +€6,055 | +3.1% |
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 6 October 2026 via checked.be.