AROBEC: 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.
AROBEC
Largest movements
- Tangible fixed assets -€89,400
down €89,400 (-3.3%), from €2.7m to €2.6m
- Receivables within one year +€53,400
up €53,400 (+45.3%), from €117,900 to €171,300
of which Trade receivables: +€52,400
- Trade debts -€400,204
down €400,204 (-96.6%), from €414,319 to €14,115
- Other debts +€194,417
up €194,417 (+37.0%), from €524,854 to €719,271
- Profit (loss) carried forward +€183,328
up €183,328 (+37.2%), from -€493,164 to -€309,836
- Current portion of long-term debt +€30,492
up €30,492 (+19.5%), from €156,440 to €186,932
- Accrued charges and deferred income -€29,471
down €29,471 (-34.4%), from €85,772 to €56,301
- Staff costs -€26,350
down €26,350 (-12.0%), from €219,795 to €193,444
- Depreciation +€13,728
up €13,728 (+18.1%), from €75,871 to €89,599
- Financial charges +€12,244
up €12,244 (+19.2%), from €63,715 to €75,959
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 | €2,838,901 | €2,809,814 | -€29,087 | -1.0% |
| Fixed assets | 21/28 | €2,695,227 | €2,605,827 | -€89,400 | -3.3% |
| Tangible fixed assets | 22/27 | €2,695,227 | €2,605,827 | -€89,400 | -3.3% |
| Land and buildings | 22 | €2,695,227 | €2,605,827 | -€89,400 | -3.3% |
| Current assets | 29/58 | €143,674 | €203,987 | +€60,313 | +42.0% |
| Amounts receivable within one year | 40/41 | €117,900 | €171,300 | +€53,400 | +45.3% |
| Trade receivables | 40 | €117,900 | €170,300 | +€52,400 | +44.4% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €20,766 | €18,745 | -€2,021 | -9.7% |
| Deferred charges and accrued income | 490/1 | €5,008 | €13,942 | +€8,934 | +178.4% |
| Total equity and liabilities | 10/49 | €2,838,901 | €2,809,814 | -€29,087 | -1.0% |
| Equity | 10/15 | €257,114 | €440,441 | +€183,328 | +71.3% |
| Contributions | 10/11 | €714,387 | €714,387 | = | 0.0% |
| Capital | 10 | €714,387 | €714,387 | = | 0.0% |
| Issued capital | 100 | €714,387 | €714,387 | = | 0.0% |
| Revaluation surpluses | 12 | €5,384 | €3,589 | -€1,795 | -33.3% |
| Reserves | 13 | €30,507 | €32,302 | +€1,795 | +5.9% |
| Distributable reserves | 133 | €30,507 | €32,302 | +€1,795 | +5.9% |
| Profit (loss) carried forward | 14 | -€493,164 | -€309,836 | +€183,328 | +37.2% |
| Amounts payable | 17/49 | €2,581,788 | €2,369,372 | -€212,415 | -8.2% |
| Amounts payable after more than one year | 17 | €1,343,241 | €1,330,118 | -€13,123 | -1.0% |
| Financial debts | 170/4 | €1,343,241 | €1,330,118 | -€13,123 | -1.0% |
| Amounts payable within one year | 42/48 | €1,152,774 | €982,953 | -€169,822 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €156,440 | €186,932 | +€30,492 | +19.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €414,319 | €14,115 | -€400,204 | -96.6% |
| Suppliers | 440/4 | €414,319 | €14,115 | -€400,204 | -96.6% |
| Taxes, remuneration and social security | 45 | €57,161 | €62,635 | +€5,473 | +9.6% |
| Taxes | 450/3 | €22,133 | €26,409 | +€4,276 | +19.3% |
| Remuneration and social security | 454/9 | €35,028 | €36,225 | +€1,197 | +3.4% |
| Other amounts payable | 47/48 | €524,854 | €719,271 | +€194,417 | +37.0% |
| Accrued charges and deferred income | 492/3 | €85,772 | €56,301 | -€29,471 | -34.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €219,795 | €193,444 | -€26,350 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,871 | €89,599 | +€13,728 | +18.1% |
| Other operating charges | 640/8 | €17,804 | €16,970 | -€834 | -4.7% |
| Gross operating margin | 9900 | €625,350 | €622,445 | -€2,906 | -0.5% |
| Operating profit (loss) | 9901 | €311,881 | €322,432 | +€10,551 | +3.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €63,715 | €75,959 | +€12,244 | +19.2% |
| Recurring financial charges | 65 | €63,715 | €75,959 | +€12,244 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €248,166 | €246,473 | -€1,693 | -0.7% |
| Income taxes | 67/77 | €62,145 | €63,145 | +€1,000 | +1.6% |
| Profit (loss) for the period | 9904 | €186,021 | €183,328 | -€2,693 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €186,021 | €183,328 | -€2,693 | -1.4% |
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 12 October 2026 via checked.be.