L'ARBOREE: 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.
L'ARBOREE
Largest movements
- Receivables within one year +€3,928
up €3,928 (+24.0%), from €16,387 to €20,315
of which Trade receivables: +€4,518
- Cash -€2,650
down €2,650 (-76.6%), from €3,457 to €807
mainly Tax, wage and social debts (-€20,161) and Receivables within one year (-€3,928)
- Current investments -€1,425
down €1,425 (-100%), from €1,425 to €0
- Deferred charges and accrued income -€759
down €759 (-40.0%), from €1,898 to €1,139
- Tangible fixed assets -€542
down €542 (-30.4%), from €1,779 to €1,238
of which Furniture and vehicles: -€347
- Tax, wage and social debts -€20,161
down €20,161 (-87.6%), from €23,024 to €2,863
of which Remuneration and social security: -€22,533
- Profit (loss) carried forward +€7,864
up €7,864 (+25.4%), from -€30,905 to -€23,041
- Other debts +€6,810
up €6,810 (+47.3%), from €14,390 to €21,200
- Trade debts +€4,039
up €4,039 (+38.4%), from €10,512 to €14,552
- Staff costs -€40,635
down €40,635 (-79.9%), from €50,830 to €10,196
- Gross operating margin -€25,075
down €25,075 (-51.3%), from €48,872 to €23,797
- Depreciation -€3,136
down €3,136 (-85.3%), from €3,678 to €542
- Taxes +€1,798
up €1,798 (+721%), from €250 to €2,048
- Other operating charges +€642
up €642 (+27.8%), from €2,309 to €2,951
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 | €25,081 | €23,634 | -€1,447 | -5.8% |
| Fixed assets | 21/28 | €1,914 | €1,373 | -€542 | -28.3% |
| Tangible fixed assets | 22/27 | €1,779 | €1,238 | -€542 | -30.4% |
| Plant, machinery and equipment | 23 | €854 | €660 | -€195 | -22.8% |
| Furniture and vehicles | 24 | €925 | €578 | -€347 | -37.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €23,167 | €22,261 | -€905 | -3.9% |
| Amounts receivable within one year | 40/41 | €16,387 | €20,315 | +€3,928 | +24.0% |
| Trade receivables | 40 | €15,797 | €20,315 | +€4,518 | +28.6% |
| Other amounts receivable | 41 | €590 | €0 | -€590 | -100% |
| Current investments | 50/53 | €1,425 | €0 | -€1,425 | -100% |
| Cash at bank and in hand | 54/58 | €3,457 | €807 | -€2,650 | -76.6% |
| Deferred charges and accrued income | 490/1 | €1,898 | €1,139 | -€759 | -40.0% |
| Total equity and liabilities | 10/49 | €25,081 | €23,634 | -€1,447 | -5.8% |
| Equity | 10/15 | -€22,845 | -€14,981 | +€7,864 | +34.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,905 | -€23,041 | +€7,864 | +25.4% |
| Amounts payable | 17/49 | €47,927 | €38,615 | -€9,311 | -19.4% |
| Amounts payable within one year | 42/48 | €47,927 | €38,615 | -€9,311 | -19.4% |
| Trade debts | 44 | €10,512 | €14,552 | +€4,039 | +38.4% |
| Suppliers | 440/4 | €10,512 | €14,552 | +€4,039 | +38.4% |
| Taxes, remuneration and social security | 45 | €23,024 | €2,863 | -€20,161 | -87.6% |
| Taxes | 450/3 | €492 | €2,863 | +€2,372 | +482% |
| Remuneration and social security | 454/9 | €22,533 | €0 | -€22,533 | -100% |
| Other amounts payable | 47/48 | €14,390 | €21,200 | +€6,810 | +47.3% |
| Remuneration, social security and pensions | 62 | €50,830 | €10,196 | -€40,635 | -79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,678 | €542 | -€3,136 | -85.3% |
| Other operating charges | 640/8 | €2,309 | €2,951 | +€642 | +27.8% |
| Gross operating margin | 9900 | €48,872 | €23,797 | -€25,075 | -51.3% |
| Operating profit (loss) | 9901 | -€7,945 | €10,109 | +€18,054 | |
| Financial income | 75/76B | €6 | €110 | +€104 | +1,697% |
| Recurring financial income | 75 | €6 | €110 | +€104 | +1,697% |
| Financial charges | 65/66B | €146 | €307 | +€162 | +111% |
| Recurring financial charges | 65 | €146 | €307 | +€162 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€8,084 | €9,912 | +€17,997 | |
| Income taxes | 67/77 | €250 | €2,048 | +€1,798 | +721% |
| Profit (loss) for the period | 9904 | -€8,334 | €7,864 | +€16,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,334 | €7,864 | +€16,198 |
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 24 October 2026 via checked.be.