L'ARBORIZO: 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.
L'ARBORIZO
Largest movements
- Tangible fixed assets +€11,899
up €11,899 (+61.2%), from €19,454 to €31,352
of which Furniture and vehicles: +€18,451
- Receivables within one year +€1,204
up €1,204 (+2845.6%), from €42 to €1,247
of which Trade receivables: +€1,004
- Cash -€1,002
down €1,002 (-5.0%), from €20,128 to €19,127
mainly Investment in fixed assets (net) (-€22,190) and Other debts (-€1,360)
- Deferred charges and accrued income +€930
up €930 (+307.4%), from €303 to €1,233
- Stocks and contracts +€569
up €569 (+24.2%), from €2,351 to €2,920
- Profit (loss) carried forward +€5,531
up €5,531 (+332.1%), from €1,665 to €7,196
- Current portion of long-term debt +€5,191
up €5,191 (+98.7%), from €5,259 to €10,449
- Tax, wage and social debts +€2,926
up €2,926 (+98.0%), from €2,985 to €5,911
of which Taxes: +€1,495
- Debts after one year +€1,837
up €1,837 (+12.6%), from €14,532 to €16,368
- Other debts -€1,360
down €1,360 (-13.1%), from €10,392 to €9,032
- Staff costs -€12,950
down €12,950 (-98.5%), from €13,142 to €191
- Depreciation +€3,534
up €3,534 (+52.3%), from €6,758 to €10,292
- Other operating charges +€3,124
up €3,124 (+2893.0%), from €108 to €3,232
- Taxes +€2,007
new in 2025: €2,007
- Gross operating margin -€1,880
down €1,880 (-7.7%), from €24,375 to €22,496
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 | €42,483 | €56,084 | +€13,601 | +32.0% |
| Fixed assets | 21/28 | €19,659 | €31,557 | +€11,899 | +60.5% |
| Tangible fixed assets | 22/27 | €19,454 | €31,352 | +€11,899 | +61.2% |
| Plant, machinery and equipment | 23 | €19,454 | €12,901 | -€6,553 | -33.7% |
| Furniture and vehicles | 24 | - | €18,451 | +€18,451 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €22,825 | €24,527 | +€1,702 | +7.5% |
| Stocks and contracts in progress | 3 | €2,351 | €2,920 | +€569 | +24.2% |
| Stocks | 30/36 | €2,351 | €2,920 | +€569 | +24.2% |
| Amounts receivable within one year | 40/41 | €42 | €1,247 | +€1,204 | +2845.6% |
| Trade receivables | 40 | - | €1,004 | +€1,004 | |
| Other amounts receivable | 41 | €42 | €243 | +€201 | +474.0% |
| Cash at bank and in hand | 54/58 | €20,128 | €19,127 | -€1,002 | -5.0% |
| Deferred charges and accrued income | 490/1 | €303 | €1,233 | +€930 | +307.4% |
| Total equity and liabilities | 10/49 | €42,483 | €56,084 | +€13,601 | +32.0% |
| Equity | 10/15 | €5,665 | €11,196 | +€5,531 | +97.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,665 | €7,196 | +€5,531 | +332.1% |
| Amounts payable | 17/49 | €36,818 | €44,888 | +€8,070 | +21.9% |
| Amounts payable after more than one year | 17 | €14,532 | €16,368 | +€1,837 | +12.6% |
| Financial debts | 170/4 | €14,532 | €16,368 | +€1,837 | +12.6% |
| Amounts payable within one year | 42/48 | €22,286 | €28,520 | +€6,233 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €5,259 | €10,449 | +€5,191 | +98.7% |
| Trade debts | 44 | €3,650 | €3,126 | -€524 | -14.3% |
| Suppliers | 440/4 | €3,047 | €3,126 | +€79 | +2.6% |
| Bills of exchange payable | 441 | €603 | - | -€603 | |
| Taxes, remuneration and social security | 45 | €2,985 | €5,911 | +€2,926 | +98.0% |
| Taxes | 450/3 | €1,821 | €3,316 | +€1,495 | +82.1% |
| Remuneration and social security | 454/9 | €1,164 | €2,595 | +€1,431 | +123.0% |
| Other amounts payable | 47/48 | €10,392 | €9,032 | -€1,360 | -13.1% |
| Remuneration, social security and pensions | 62 | €13,142 | €191 | -€12,950 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,758 | €10,292 | +€3,534 | +52.3% |
| Other operating charges | 640/8 | €108 | €3,232 | +€3,124 | +2893.0% |
| Gross operating margin | 9900 | €24,375 | €22,496 | -€1,880 | -7.7% |
| Operating profit (loss) | 9901 | €4,367 | €8,780 | +€4,413 | +101.0% |
| Financial income | 75/76B | €0 | €21 | +€21 | +34366.7% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +34366.7% |
| Financial charges | 65/66B | €2,702 | €1,263 | -€1,439 | -53.3% |
| Recurring financial charges | 65 | €2,702 | €1,263 | -€1,439 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €1,665 | €7,538 | +€5,872 | +352.6% |
| Income taxes | 67/77 | - | €2,007 | +€2,007 | |
| Profit (loss) for the period | 9904 | €1,665 | €5,531 | +€3,865 | +232.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,665 | €5,531 | +€3,865 | +232.1% |
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 7 October 2026 via checked.be.