NIEUW ARBED: 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.
NIEUW ARBED
Largest movements
- Tangible fixed assets -€96,257
down €96,257 (-4.4%), from €2.2m to €2.1m
of which Land and buildings: -€96,221
- Cash +€31,188
up €31,188 (+112%), from €27,880 to €59,068
mainly Other debts (+€132,694) and Depreciation (+€96,257)
- Debts after one year -€287,084
down €287,084 (-75.2%), from €381,790 to €94,706
- Other debts +€132,694
up €132,694 (+18.7%), from €709,922 to €842,616
- Reserves +€46,463
up €46,463 (+14.3%), from €325,648 to €372,111
of which Distributable reserves: +€50,668
- Current portion of long-term debt +€42,346
up €42,346 (+14.4%), from €293,949 to €336,295
- Gross operating margin +€3,307
up €3,307 (+1.6%), from €200,655 to €203,961
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 | €2,240,998 | €2,176,385 | -€64,613 | -2.9% |
| Fixed assets | 21/28 | €2,208,025 | €2,111,769 | -€96,257 | -4.4% |
| Tangible fixed assets | 22/27 | €2,208,025 | €2,111,769 | -€96,257 | -4.4% |
| Land and buildings | 22 | €2,207,990 | €2,111,769 | -€96,221 | -4.4% |
| Plant, machinery and equipment | 23 | €36 | €0 | -€36 | -100.0% |
| Current assets | 29/58 | €32,973 | €64,617 | +€31,644 | +96.0% |
| Amounts receivable within one year | 40/41 | €5,093 | €5,548 | +€455 | +8.9% |
| Trade receivables | 40 | - | €5,538 | +€5,538 | |
| Other amounts receivable | 41 | €5,093 | €11 | -€5,083 | -99.8% |
| Cash at bank and in hand | 54/58 | €27,880 | €59,068 | +€31,188 | +112% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,240,998 | €2,176,385 | -€64,613 | -2.9% |
| Equity | 10/15 | €759,248 | €805,711 | +€46,463 | +6.1% |
| Contributions | 10/11 | €433,600 | €433,600 | = | 0.0% |
| Reserves | 13 | €325,648 | €372,111 | +€46,463 | +14.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €113,779 | €109,575 | -€4,205 | -3.7% |
| Distributable reserves | 133 | €211,868 | €262,536 | +€50,668 | +23.9% |
| Provisions and deferred taxes | 16 | €37,584 | €36,183 | -€1,402 | -3.7% |
| Deferred taxes | 168 | €37,584 | €36,183 | -€1,402 | -3.7% |
| Amounts payable | 17/49 | €1,444,166 | €1,334,492 | -€109,675 | -7.6% |
| Amounts payable after more than one year | 17 | €381,790 | €94,706 | -€287,084 | -75.2% |
| Financial debts | 170/4 | €381,790 | €94,706 | -€287,084 | -75.2% |
| Amounts payable within one year | 42/48 | €1,028,006 | €1,202,733 | +€174,727 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €293,949 | €336,295 | +€42,346 | +14.4% |
| Trade debts | 44 | €6,634 | €5,400 | -€1,234 | -18.6% |
| Suppliers | 440/4 | €6,634 | €5,400 | -€1,234 | -18.6% |
| Taxes, remuneration and social security | 45 | €17,500 | €18,422 | +€922 | +5.3% |
| Taxes | 450/3 | €17,500 | €18,422 | +€922 | +5.3% |
| Other amounts payable | 47/48 | €709,922 | €842,616 | +€132,694 | +18.7% |
| Accrued charges and deferred income | 492/3 | €34,371 | €37,053 | +€2,682 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,922 | €96,257 | -€1,666 | -1.7% |
| Other operating charges | 640/8 | €1,258 | €1,163 | -€95 | -7.6% |
| Gross operating margin | 9900 | €200,655 | €203,961 | +€3,307 | +1.6% |
| Operating profit (loss) | 9901 | €101,474 | €106,542 | +€5,068 | +5.0% |
| Financial charges | 65/66B | €43,088 | €43,121 | +€32 | +0.1% |
| Recurring financial charges | 65 | €43,088 | €43,121 | +€32 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €58,386 | €63,421 | +€5,036 | +8.6% |
| Transfer from deferred taxes | 780 | €1,402 | €1,402 | = | 0.0% |
| Income taxes | 67/77 | €17,466 | €18,359 | +€893 | +5.1% |
| Profit (loss) for the period | 9904 | €42,321 | €46,463 | +€4,142 | +9.8% |
| Transfer from tax-exempt reserves | 789 | €4,205 | €4,205 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,526 | €50,668 | +€4,142 | +8.9% |
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 31 October 2026 via checked.be.