ARRIBEL: 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.
ARRIBEL
Largest movements
- Receivables within one year -€16,766
down €16,766 (-38.7%), from €43,368 to €26,602
of which Trade receivables: -€21,495
- Cash +€9,460
up €9,460 (+46.3%), from €20,411 to €29,871
mainly Receivables within one year (+€16,766) and Trade debts (+€12,219)
- Tangible fixed assets -€3,924
down €3,924 (-54.9%), from €7,150 to €3,225
- Deferred charges and accrued income -€1,557
down €1,557 (-54.5%), from €2,858 to €1,300
- Other debts -€19,940
down €19,940 (-99.2%), from €20,106 to €166
- Trade debts +€12,219
up €12,219 (+124.9%), from €9,783 to €22,003
- Debts after one year -€2,262
no longer reported in 2025 (was €2,262)
- Profit (loss) carried forward -€1,837
down €1,837, from €1,005 to -€832
- Tax, wage and social debts -€795
no longer reported in 2025 (was €795)
- Gross operating margin -€32,266
down €32,266 (-91.2%), from €35,381 to €3,115
- Taxes -€7,388
down €7,388 (-89.1%), from €8,295 to €907
- Depreciation -€1,994
down €1,994 (-33.7%), from €5,918 to €3,924
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 | €73,787 | €60,998 | -€12,788 | -17.3% |
| Fixed assets | 21/28 | €7,150 | €3,225 | -€3,924 | -54.9% |
| Tangible fixed assets | 22/27 | €7,150 | €3,225 | -€3,924 | -54.9% |
| Furniture and vehicles | 24 | €7,150 | €3,225 | -€3,924 | -54.9% |
| Current assets | 29/58 | €66,637 | €57,773 | -€8,864 | -13.3% |
| Amounts receivable within one year | 40/41 | €43,368 | €26,602 | -€16,766 | -38.7% |
| Trade receivables | 40 | €38,334 | €16,839 | -€21,495 | -56.1% |
| Other amounts receivable | 41 | €5,034 | €9,763 | +€4,729 | +93.9% |
| Cash at bank and in hand | 54/58 | €20,411 | €29,871 | +€9,460 | +46.3% |
| Deferred charges and accrued income | 490/1 | €2,858 | €1,300 | -€1,557 | -54.5% |
| Total equity and liabilities | 10/49 | €73,787 | €60,998 | -€12,788 | -17.3% |
| Equity | 10/15 | €38,405 | €36,568 | -€1,837 | -4.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Capital | 10 | €19,000 | €19,000 | = | 0.0% |
| Issued capital | 100 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €18,400 | €18,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €16,500 | €16,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,005 | -€832 | -€1,837 | |
| Amounts payable | 17/49 | €35,382 | €24,431 | -€10,951 | -31.0% |
| Amounts payable after more than one year | 17 | €2,262 | - | -€2,262 | |
| Financial debts | 170/4 | €2,262 | - | -€2,262 | |
| Amounts payable within one year | 42/48 | €33,120 | €24,431 | -€8,689 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €2,436 | €2,262 | -€173 | -7.1% |
| Trade debts | 44 | €9,783 | €22,003 | +€12,219 | +124.9% |
| Suppliers | 440/4 | €9,783 | €22,003 | +€12,219 | +124.9% |
| Taxes, remuneration and social security | 45 | €795 | - | -€795 | |
| Taxes | 450/3 | €795 | - | -€795 | |
| Other amounts payable | 47/48 | €20,106 | €166 | -€19,940 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,918 | €3,924 | -€1,994 | -33.7% |
| Gross operating margin | 9900 | €35,381 | €3,115 | -€32,266 | -91.2% |
| Operating profit (loss) | 9901 | €29,464 | -€809 | -€30,273 | |
| Financial charges | 65/66B | €462 | €121 | -€341 | -73.7% |
| Recurring financial charges | 65 | €462 | €121 | -€341 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | €29,001 | -€930 | -€29,932 | |
| Income taxes | 67/77 | €8,295 | €907 | -€7,388 | -89.1% |
| Profit (loss) for the period | 9904 | €20,706 | -€1,837 | -€22,543 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,706 | -€1,837 | -€22,543 |
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 1 October 2026 via checked.be.