ARH ZEEBROEK: 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.
ARH ZEEBROEK
Largest movements
- Tangible fixed assets +€37,608
up €37,608 (+129%), from €29,216 to €66,824
of which Furniture and vehicles: +€29,536
- Cash +€19,856
up €19,856 (+74.6%), from €26,623 to €46,479
mainly Debts after one year (+€28,608) and Net result for the year (+€23,167)
- Receivables within one year -€14,827
down €14,827 (-26.7%), from €55,536 to €40,709
of which Trade receivables: -€16,010
- Debts after one year +€28,608
up €28,608 (+180%), from €15,891 to €44,499
- Reserves +€23,167
up €23,167 (+46.8%), from €49,472 to €72,640
- Trade debts -€8,192
down €8,192 (-33.7%), from €24,285 to €16,093
- Current portion of long-term debt +€5,666
up €5,666 (+109%), from €5,221 to €10,886
- Tax, wage and social debts -€3,362
down €3,362 (-55.3%), from €6,079 to €2,718
- Gross operating margin +€19,424
up €19,424 (+61.9%), from €31,383 to €50,807
- Taxes +€3,885
up €3,885 (+82.4%), from €4,714 to €8,599
- Depreciation +€3,635
up €3,635 (+30.9%), from €11,751 to €15,387
- Financial charges +€659
up €659 (+65.6%), from €1,006 to €1,665
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.
Derived cash bridge
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 | €114,479 | €158,106 | +€43,627 | +38.1% |
| Fixed assets | 21/28 | €31,181 | €68,789 | +€37,608 | +121% |
| Tangible fixed assets | 22/27 | €29,216 | €66,824 | +€37,608 | +129% |
| Plant, machinery and equipment | 23 | €2,257 | €10,330 | +€8,072 | +358% |
| Furniture and vehicles | 24 | €26,959 | €56,495 | +€29,536 | +110% |
| Financial fixed assets | 28 | €1,965 | €1,965 | = | 0.0% |
| Current assets | 29/58 | €83,298 | €89,316 | +€6,019 | +7.2% |
| Amounts receivable within one year | 40/41 | €55,536 | €40,709 | -€14,827 | -26.7% |
| Trade receivables | 40 | €54,777 | €38,768 | -€16,010 | -29.2% |
| Other amounts receivable | 41 | €758 | €1,941 | +€1,183 | +156% |
| Cash at bank and in hand | 54/58 | €26,623 | €46,479 | +€19,856 | +74.6% |
| Deferred charges and accrued income | 490/1 | €1,139 | €2,129 | +€989 | +86.9% |
| Total equity and liabilities | 10/49 | €114,479 | €158,106 | +€43,627 | +38.1% |
| Equity | 10/15 | €55,472 | €78,640 | +€23,167 | +41.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €49,472 | €72,640 | +€23,167 | +46.8% |
| Distributable reserves | 133 | €49,472 | €72,640 | +€23,167 | +46.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,007 | €79,466 | +€20,459 | +34.7% |
| Amounts payable after more than one year | 17 | €15,891 | €44,499 | +€28,608 | +180% |
| Financial debts | 170/4 | €15,891 | €44,499 | +€28,608 | +180% |
| Amounts payable within one year | 42/48 | €42,514 | €34,082 | -€8,432 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €5,221 | €10,886 | +€5,666 | +109% |
| Trade debts | 44 | €24,285 | €16,093 | -€8,192 | -33.7% |
| Suppliers | 440/4 | €24,285 | €16,093 | -€8,192 | -33.7% |
| Taxes, remuneration and social security | 45 | €6,079 | €2,718 | -€3,362 | -55.3% |
| Taxes | 450/3 | €6,079 | €2,718 | -€3,362 | -55.3% |
| Other amounts payable | 47/48 | €6,929 | €4,385 | -€2,544 | -36.7% |
| Accrued charges and deferred income | 492/3 | €602 | €885 | +€284 | +47.1% |
| Remuneration, social security and pensions | 62 | €166 | €0 | -€166 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,751 | €15,387 | +€3,635 | +30.9% |
| Other operating charges | 640/8 | €1,749 | €2,026 | +€277 | +15.8% |
| Gross operating margin | 9900 | €31,383 | €50,807 | +€19,424 | +61.9% |
| Operating profit (loss) | 9901 | €17,716 | €33,394 | +€15,678 | +88.5% |
| Financial income | 75/76B | €9 | €38 | +€29 | +308% |
| Recurring financial income | 75 | €9 | €38 | +€29 | +308% |
| Financial charges | 65/66B | €1,006 | €1,665 | +€659 | +65.6% |
| Recurring financial charges | 65 | €1,006 | €1,665 | +€659 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | €16,719 | €31,766 | +€15,047 | +90.0% |
| Income taxes | 67/77 | €4,714 | €8,599 | +€3,885 | +82.4% |
| Profit (loss) for the period | 9904 | €12,005 | €23,167 | +€11,162 | +93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,005 | €23,167 | +€11,162 | +93.0% |
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 30 October 2026 via checked.be.