Arbus: 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.
Arbus
Largest movements
- Current investments -€354,101
down €354,101 (-50.1%), from €707,145 to €353,044
- Cash +€280,782
up €280,782 (+618.4%), from €45,408 to €326,189
mainly Current investments (+€354,101) and Depreciation (+€63,574)
- Tangible fixed assets -€63,574
down €63,574 (-2.5%), from €2.5m to €2.4m
of which Land and buildings: -€63,028
- Debts after one year -€151,019
down €151,019 (-15.8%), from €955,718 to €804,699
of which Other amounts payable: -€100,000
- Accrued charges and deferred income -€34,225
down €34,225 (-67.4%), from €50,758 to €16,534
- Profit (loss) carried forward +€33,577
up €33,577 (+88.0%), from -€38,158 to -€4,581
- Financial charges -€126,959
down €126,959 (-91.8%), from €138,248 to €11,289
- Financial income -€66,169
down €66,169 (-76.8%), from €86,132 to €19,964
- Gross operating margin -€16,074
down €16,074 (-16.4%), from €97,805 to €81,731
- Taxes -€6,572
down €6,572 (-60.9%), from €10,798 to €4,226
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 | €3,255,302 | €3,124,376 | -€130,926 | -4.0% |
| Fixed assets | 21/28 | €2,494,852 | €2,431,278 | -€63,574 | -2.5% |
| Tangible fixed assets | 22/27 | €2,494,852 | €2,431,278 | -€63,574 | -2.5% |
| Land and buildings | 22 | €2,493,604 | €2,430,576 | -€63,028 | -2.5% |
| Furniture and vehicles | 24 | €1,248 | €702 | -€546 | -43.7% |
| Current assets | 29/58 | €760,450 | €693,098 | -€67,353 | -8.9% |
| Amounts receivable within one year | 40/41 | €4,939 | €10,242 | +€5,303 | +107.4% |
| Other amounts receivable | 41 | €4,939 | €10,242 | +€5,303 | +107.4% |
| Current investments | 50/53 | €707,145 | €353,044 | -€354,101 | -50.1% |
| Cash at bank and in hand | 54/58 | €45,408 | €326,189 | +€280,782 | +618.4% |
| Deferred charges and accrued income | 490/1 | €2,959 | €3,623 | +€664 | +22.4% |
| Total equity and liabilities | 10/49 | €3,255,302 | €3,124,376 | -€130,926 | -4.0% |
| Equity | 10/15 | €2,133,850 | €2,167,427 | +€33,577 | +1.6% |
| Contributions | 10/11 | €1,216,400 | €1,216,400 | = | 0.0% |
| Reserves | 13 | €955,608 | €955,608 | = | 0.0% |
| Distributable reserves | 133 | €955,608 | €955,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,158 | -€4,581 | +€33,577 | +88.0% |
| Amounts payable | 17/49 | €1,121,452 | €956,949 | -€164,503 | -14.7% |
| Amounts payable after more than one year | 17 | €955,718 | €804,699 | -€151,019 | -15.8% |
| Financial debts | 170/4 | €603,035 | €552,016 | -€51,019 | -8.5% |
| Other amounts payable | 178/9 | €352,682 | €252,682 | -€100,000 | -28.4% |
| Amounts payable within one year | 42/48 | €114,976 | €135,717 | +€20,741 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €50,301 | €51,019 | +€719 | +1.4% |
| Trade debts | 44 | €2,924 | €354 | -€2,570 | -87.9% |
| Suppliers | 440/4 | €2,924 | €354 | -€2,570 | -87.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €61,751 | €84,343 | +€22,592 | +36.6% |
| Accrued charges and deferred income | 492/3 | €50,758 | €16,534 | -€34,225 | -67.4% |
| Non-recurring operating income | 76A | €11,207 | €0 | -€11,207 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,960 | €63,574 | -€386 | -0.6% |
| Other operating charges | 640/8 | €9,887 | €9,966 | +€78 | +0.8% |
| Gross operating margin | 9900 | €97,805 | €81,731 | -€16,074 | -16.4% |
| Operating profit (loss) | 9901 | €23,958 | €8,192 | -€15,766 | -65.8% |
| Financial income | 75/76B | €86,132 | €19,964 | -€66,169 | -76.8% |
| Recurring financial income | 75 | €86,132 | €19,964 | -€66,169 | -76.8% |
| Financial charges | 65/66B | €138,248 | €11,289 | -€126,959 | -91.8% |
| Recurring financial charges | 65 | €138,248 | €11,289 | -€126,959 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,158 | €16,867 | +€45,024 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €10,798 | €4,226 | -€6,572 | -60.9% |
| Profit (loss) for the period | 9904 | -€38,956 | €12,641 | +€51,597 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,956 | €12,641 | +€51,597 |
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 28 September 2026 via checked.be.