ARBREM: 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.
ARBREM
Largest movements
- Tangible fixed assets +€238,347
up €238,347 (+231.9%), from €102,784 to €341,130
of which Land and buildings: +€256,246
- Receivables within one year -€38,820
down €38,820 (-67.4%), from €57,638 to €18,818
of which Trade receivables: -€39,147
- Cash +€13,418
up €13,418 (+287.9%), from €4,661 to €18,080
mainly Debts after one year (+€213,737) and Depreciation (+€46,654)
- Debts after one year +€213,737
up €213,737 (+510.1%), from €41,903 to €255,640
of which Financial debts: +€213,737
- Reserves -€28,331
down €28,331 (-27.8%), from €102,014 to €73,683
of which Distributable reserves: -€28,331
- Other debts +€17,795
up €17,795 (+1609.5%), from €1,106 to €18,900
- Trade debts +€8,031
up €8,031 (+1740.2%), from €461 to €8,492
- Gross operating margin -€32,878
down €32,878 (-52.4%), from €62,728 to €29,850
- Depreciation +€16,919
up €16,919 (+56.9%), from €29,736 to €46,654
- Taxes -€6,966
down €6,966 (-97.2%), from €7,166 to €200
- Financial charges +€5,108
up €5,108 (+213.9%), from €2,388 to €7,495
- Write-downs -€650
down €650 (-100.0%), from €650 to €0
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 | €174,352 | €389,702 | +€215,350 | +123.5% |
| Fixed assets | 21/28 | €112,054 | €350,400 | +€238,347 | +212.7% |
| Tangible fixed assets | 22/27 | €102,784 | €341,130 | +€238,347 | +231.9% |
| Land and buildings | 22 | - | €256,246 | +€256,246 | |
| Plant, machinery and equipment | 23 | €41,975 | €36,110 | -€5,865 | -14.0% |
| Furniture and vehicles | 24 | €60,809 | €48,774 | -€12,035 | -19.8% |
| Financial fixed assets | 28 | €9,270 | €9,270 | = | 0.0% |
| Current assets | 29/58 | €62,299 | €39,302 | -€22,997 | -36.9% |
| Amounts receivable within one year | 40/41 | €57,638 | €18,818 | -€38,820 | -67.4% |
| Trade receivables | 40 | €52,900 | €13,753 | -€39,147 | -74.0% |
| Other amounts receivable | 41 | €4,737 | €5,064 | +€327 | +6.9% |
| Cash at bank and in hand | 54/58 | €4,661 | €18,080 | +€13,418 | +287.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,404 | +€2,404 | |
| Total equity and liabilities | 10/49 | €174,352 | €389,702 | +€215,350 | +123.5% |
| Equity | 10/15 | €108,214 | €79,883 | -€28,331 | -26.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €102,014 | €73,683 | -€28,331 | -27.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €102,014 | €73,683 | -€28,331 | -27.8% |
| Amounts payable | 17/49 | €66,139 | €309,819 | +€243,680 | +368.4% |
| Amounts payable after more than one year | 17 | €41,903 | €255,640 | +€213,737 | +510.1% |
| Financial debts | 170/4 | €32,903 | €246,640 | +€213,737 | +649.6% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,389 | €53,746 | +€30,357 | +129.8% |
| Current portion of amounts payable after more than one year | 42 | €17,135 | €20,737 | +€3,602 | +21.0% |
| Trade debts | 44 | €461 | €8,492 | +€8,031 | +1740.2% |
| Suppliers | 440/4 | €461 | €8,492 | +€8,031 | +1740.2% |
| Taxes, remuneration and social security | 45 | €4,687 | €5,616 | +€930 | +19.8% |
| Taxes | 450/3 | €3,637 | €4,566 | +€930 | +25.6% |
| Remuneration and social security | 454/9 | €1,050 | €1,050 | = | 0.0% |
| Other amounts payable | 47/48 | €1,106 | €18,900 | +€17,795 | +1609.5% |
| Accrued charges and deferred income | 492/3 | €847 | €433 | -€414 | -48.9% |
| Non-recurring operating income | 76A | €9,100 | €0 | -€9,100 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,736 | €46,654 | +€16,919 | +56.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €650 | €0 | -€650 | -100.0% |
| Other operating charges | 640/8 | €1,654 | €1,863 | +€209 | +12.6% |
| Non-recurring operating charges | 66A | - | €2,240 | +€2,240 | |
| Gross operating margin | 9900 | €62,728 | €29,850 | -€32,878 | -52.4% |
| Operating profit (loss) | 9901 | €30,689 | -€20,908 | -€51,596 | |
| Financial income | 75/76B | €36 | €272 | +€236 | +658.5% |
| Recurring financial income | 75 | €36 | €272 | +€236 | +658.5% |
| Financial charges | 65/66B | €2,388 | €7,495 | +€5,108 | +213.9% |
| Recurring financial charges | 65 | €2,388 | €7,495 | +€5,108 | +213.9% |
| Profit (loss) for the period before taxes | 9903 | €28,337 | -€28,131 | -€56,468 | |
| Income taxes | 67/77 | €7,166 | €200 | -€6,966 | -97.2% |
| Profit (loss) for the period | 9904 | €21,171 | -€28,331 | -€49,502 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,171 | -€28,331 | -€49,502 |
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 9 October 2026 via checked.be.