ARBA: 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.
ARBA
Largest movements
- Cash +€4,004
up €4,004 (+60.1%), from €6,667 to €10,671
mainly Net result for the year (+€9,070) and Other debts (+€4,500)
- Receivables within one year -€2,652
down €2,652 (-5.6%), from €47,054 to €44,402
of which Trade receivables: -€12,159
- Deferred charges and accrued income +€1,531
up €1,531 (+84.7%), from €1,808 to €3,339
- Stocks and contracts -€1,294
down €1,294 (-6.7%), from €19,251 to €17,957
- Trade debts -€6,109
down €6,109 (-31.2%), from €19,549 to €13,440
- Reserves +€4,570
up €4,570 (+15.7%), from €29,145 to €33,715
- Other debts +€4,500
new in 2025: €4,500
- Tax, wage and social debts -€868
down €868 (-6.4%), from €13,649 to €12,781
- Turnover +€55,808
up €55,808 (+30.9%), from €180,716 to €236,524
- Purchases and services +€52,308
up €52,308 (+30.5%), from €171,440 to €223,748
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 | €83,093 | €85,186 | +€2,093 | +2.5% |
| Fixed assets | 21/28 | €4,277 | €4,781 | +€504 | +11.8% |
| Tangible fixed assets | 22/27 | €1,778 | €2,282 | +€504 | +28.3% |
| Furniture and vehicles | 24 | €1,778 | €2,282 | +€504 | +28.3% |
| Financial fixed assets | 28 | €2,499 | €2,499 | = | 0.0% |
| Current assets | 29/58 | €78,816 | €80,405 | +€1,589 | +2.0% |
| Stocks and contracts in progress | 3 | €19,251 | €17,957 | -€1,294 | -6.7% |
| Stocks | 30/36 | €19,251 | €17,957 | -€1,294 | -6.7% |
| Amounts receivable within one year | 40/41 | €47,054 | €44,402 | -€2,652 | -5.6% |
| Trade receivables | 40 | €40,005 | €27,846 | -€12,159 | -30.4% |
| Other amounts receivable | 41 | €7,049 | €16,556 | +€9,507 | +134.9% |
| Current investments | 50/53 | €4,036 | €4,036 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,667 | €10,671 | +€4,004 | +60.1% |
| Deferred charges and accrued income | 490/1 | €1,808 | €3,339 | +€1,531 | +84.7% |
| Total equity and liabilities | 10/49 | €83,093 | €85,186 | +€2,093 | +2.5% |
| Equity | 10/15 | €49,895 | €54,465 | +€4,570 | +9.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €29,145 | €33,715 | +€4,570 | +15.7% |
| Distributable reserves | 133 | €29,145 | €33,715 | +€4,570 | +15.7% |
| Profit (loss) carried forward | 14 | €2,158 | €2,158 | = | 0.0% |
| Amounts payable | 17/49 | €33,198 | €30,721 | -€2,477 | -7.5% |
| Amounts payable within one year | 42/48 | €33,198 | €30,721 | -€2,477 | -7.5% |
| Trade debts | 44 | €19,549 | €13,440 | -€6,109 | -31.2% |
| Suppliers | 440/4 | €19,549 | €13,440 | -€6,109 | -31.2% |
| Taxes, remuneration and social security | 45 | €13,649 | €12,781 | -€868 | -6.4% |
| Taxes | 450/3 | €13,649 | €12,781 | -€868 | -6.4% |
| Other amounts payable | 47/48 | - | €4,500 | +€4,500 | |
| Turnover | 70 | €180,716 | €236,524 | +€55,808 | +30.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €171,440 | €223,748 | +€52,308 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356 | €569 | +€213 | +59.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €160 | - | -€160 | |
| Other operating charges | 640/8 | €914 | €780 | -€134 | -14.7% |
| Gross operating margin | 9900 | €14,423 | €14,942 | +€519 | +3.6% |
| Operating profit (loss) | 9901 | €12,993 | €13,593 | +€600 | +4.6% |
| Financial income | 75/76B | €353 | €640 | +€287 | +81.3% |
| Recurring financial income | 75 | €353 | €640 | +€287 | +81.3% |
| Financial charges | 65/66B | €247 | €304 | +€57 | +23.1% |
| Recurring financial charges | 65 | €247 | €304 | +€57 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €13,099 | €13,929 | +€830 | +6.3% |
| Income taxes | 67/77 | €4,921 | €4,859 | -€62 | -1.3% |
| Profit (loss) for the period | 9904 | €8,178 | €9,070 | +€892 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,178 | €9,070 | +€892 | +10.9% |
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 6 October 2026 via checked.be.