Arebus: 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.
Arebus
Largest movements
- Receivables within one year +€76,764
up €76,764 (+714.1%), from €10,749 to €87,513
of which Trade receivables: +€76,016
- Cash +€54,952
up €54,952 (+51.8%), from €106,012 to €160,964
mainly Net result for the year (+€116,069) and Tax, wage and social debts (+€8,716)
- Profit (loss) carried forward +€116,069
new in 2025: €116,069
- Tax, wage and social debts +€8,716
up €8,716 (+130.0%), from €6,705 to €15,422
- Trade debts +€5,903
up €5,903 (+58.9%), from €10,015 to €15,918
- Gross operating margin +€130,627
up €130,627 (+507.0%), from €25,763 to €156,390
- Taxes +€28,750
up €28,750 (+515.6%), from €5,577 to €34,326
- Financial charges +€2,459
up €2,459 (+660.7%), from €372 to €2,831
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 | €123,567 | €256,534 | +€132,967 | +107.6% |
| Fixed assets | 21/28 | €5,265 | €7,423 | +€2,158 | +41.0% |
| Tangible fixed assets | 22/27 | €5,265 | €7,423 | +€2,158 | +41.0% |
| Plant, machinery and equipment | 23 | €5,265 | €3,740 | -€1,525 | -29.0% |
| Furniture and vehicles | 24 | - | €3,683 | +€3,683 | |
| Current assets | 29/58 | €118,302 | €249,111 | +€130,809 | +110.6% |
| Amounts receivable within one year | 40/41 | €10,749 | €87,513 | +€76,764 | +714.1% |
| Trade receivables | 40 | €10,326 | €86,342 | +€76,016 | +736.2% |
| Other amounts receivable | 41 | €424 | €1,172 | +€748 | +176.7% |
| Cash at bank and in hand | 54/58 | €106,012 | €160,964 | +€54,952 | +51.8% |
| Deferred charges and accrued income | 490/1 | €1,540 | €634 | -€906 | -58.9% |
| Total equity and liabilities | 10/49 | €123,567 | €256,534 | +€132,967 | +107.6% |
| Equity | 10/15 | €67,506 | €183,575 | +€116,069 | +171.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €63,506 | €63,506 | = | 0.0% |
| Distributable reserves | 133 | €63,506 | €63,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €116,069 | +€116,069 | |
| Amounts payable | 17/49 | €56,061 | €72,958 | +€16,898 | +30.1% |
| Amounts payable within one year | 42/48 | €56,061 | €72,958 | +€16,898 | +30.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,015 | €15,918 | +€5,903 | +58.9% |
| Suppliers | 440/4 | €10,015 | €15,918 | +€5,903 | +58.9% |
| Taxes, remuneration and social security | 45 | €6,705 | €15,422 | +€8,716 | +130.0% |
| Taxes | 450/3 | €6,705 | €15,422 | +€8,716 | +130.0% |
| Other amounts payable | 47/48 | €39,340 | €41,619 | +€2,278 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,525 | €2,173 | +€648 | +42.5% |
| Other operating charges | 640/8 | €772 | €990 | +€219 | +28.3% |
| Gross operating margin | 9900 | €25,763 | €156,390 | +€130,627 | +507.0% |
| Operating profit (loss) | 9901 | €23,467 | €153,226 | +€129,760 | +553.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €372 | €2,831 | +€2,459 | +660.7% |
| Recurring financial charges | 65 | €372 | €2,831 | +€2,459 | +660.7% |
| Profit (loss) for the period before taxes | 9903 | €23,095 | €150,396 | +€127,301 | +551.2% |
| Income taxes | 67/77 | €5,577 | €34,326 | +€28,750 | +515.6% |
| Profit (loss) for the period | 9904 | €17,518 | €116,069 | +€98,551 | +562.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,518 | €116,069 | +€98,551 | +562.6% |
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 2 October 2026 via checked.be.