Arbre et Terre: what changed
Arbre et Terre
Largest movements
- Current investments +€180,000
new in 2025: €180,000
- Receivables within one year -€59,602
down €59,602 (-65.5%), from €91,026 to €31,424
of which Other amounts receivable: -€41,623
- Tangible fixed assets +€41,006
up €41,006 (+39.1%), from €104,754 to €145,760
- Cash -€25,099
down €25,099 (-11.0%), from €229,061 to €203,961
mainly Current investments (-€180,000) and Contributions, distributions and other (-€96,057)
- Other debts +€93,514
up €93,514 (+104%), from €89,588 to €183,102
- Reserves +€66,215
up €66,215 (+33.2%), from €199,480 to €265,695
- Debts after one year -€24,000
down €24,000 (-65.8%), from €36,500 to €12,500
- Trade debts -€12,103
down €12,103 (-37.5%), from €32,304 to €20,201
- Tax, wage and social debts +€10,446
up €10,446 (+16.8%), from €62,126 to €72,573
of which Taxes: +€5,700
- Gross operating margin +€125,407
up €125,407 (+47.6%), from €263,264 to €388,671
- Taxes +€32,897
up €32,897 (+96.8%), from €33,977 to €66,874
- Staff costs +€18,792
up €18,792 (+20.1%), from €93,628 to €112,420
- Depreciation -€4,098
down €4,098 (-8.3%), from €49,589 to €45,491
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €430,604 | €564,676 | +€134,072 | +31.1% |
| Formation expenses | 20 | €479 | €140 | -€339 | -70.8% |
| Fixed assets | 21/28 | €106,624 | €147,629 | +€41,006 | +38.5% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -74.1% |
| Tangible fixed assets | 22/27 | €104,754 | €145,760 | +€41,006 | +39.1% |
| Plant, machinery and equipment | 23 | €64,935 | €83,189 | +€18,255 | +28.1% |
| Furniture and vehicles | 24 | €14,901 | €35,022 | +€20,120 | +135% |
| Other tangible fixed assets | 26 | €24,918 | €21,010 | -€3,909 | -15.7% |
| Assets under construction and advance payments | 27 | - | €6,540 | +€6,540 | |
| Financial fixed assets | 28 | €1,869 | €1,869 | = | 0.0% |
| Current assets | 29/58 | €323,501 | €416,906 | +€93,405 | +28.9% |
| Amounts receivable within one year | 40/41 | €91,026 | €31,424 | -€59,602 | -65.5% |
| Trade receivables | 40 | €41,537 | €23,558 | -€17,979 | -43.3% |
| Other amounts receivable | 41 | €49,489 | €7,866 | -€41,623 | -84.1% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €229,061 | €203,961 | -€25,099 | -11.0% |
| Deferred charges and accrued income | 490/1 | €3,414 | €1,521 | -€1,893 | -55.4% |
| Total equity and liabilities | 10/49 | €430,604 | €564,676 | +€134,072 | +31.1% |
| Equity | 10/15 | €209,480 | €275,695 | +€66,215 | +31.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €199,480 | €265,695 | +€66,215 | +33.2% |
| Distributable reserves | 133 | €199,480 | €265,695 | +€66,215 | +33.2% |
| Amounts payable | 17/49 | €221,124 | €288,981 | +€67,857 | +30.7% |
| Amounts payable after more than one year | 17 | €36,500 | €12,500 | -€24,000 | -65.8% |
| Financial debts | 170/4 | €36,500 | €12,500 | -€24,000 | -65.8% |
| Amounts payable within one year | 42/48 | €184,624 | €276,481 | +€91,857 | +49.8% |
| Trade debts | 44 | €32,304 | €20,201 | -€12,103 | -37.5% |
| Suppliers | 440/4 | €32,304 | €20,201 | -€12,103 | -37.5% |
| Advances received on contracts in progress | 46 | €605 | €605 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €62,126 | €72,573 | +€10,446 | +16.8% |
| Taxes | 450/3 | €49,938 | €55,638 | +€5,700 | +11.4% |
| Remuneration and social security | 454/9 | €12,189 | €16,935 | +€4,746 | +38.9% |
| Other amounts payable | 47/48 | €89,588 | €183,102 | +€93,514 | +104% |
| Remuneration, social security and pensions | 62 | €93,628 | €112,420 | +€18,792 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,589 | €45,491 | -€4,098 | -8.3% |
| Other operating charges | 640/8 | €2,751 | €2,827 | +€76 | +2.8% |
| Gross operating margin | 9900 | €263,264 | €388,671 | +€125,407 | +47.6% |
| Operating profit (loss) | 9901 | €117,296 | €227,933 | +€110,637 | +94.3% |
| Financial income | 75/76B | €2 | €2,031 | +€2,029 | +101,437% |
| Recurring financial income | 75 | €2 | €2,031 | +€2,029 | +101,437% |
| Financial charges | 65/66B | €965 | €818 | -€147 | -15.2% |
| Recurring financial charges | 65 | €965 | €818 | -€147 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €116,333 | €229,146 | +€112,813 | +97.0% |
| Income taxes | 67/77 | €33,977 | €66,874 | +€32,897 | +96.8% |
| Profit (loss) for the period | 9904 | €82,356 | €162,272 | +€79,915 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,356 | €162,272 | +€79,915 | +97.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.