A.R.C.E. INV.: 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.
A.R.C.E. INV.
Largest movements
- Cash +€6,495
up €6,495 (+69.6%), from €9,337 to €15,832
mainly Depreciation (+€3,450) and Accrued charges and deferred income (+€2,069)
- Tangible fixed assets -€1,635
down €1,635 (-5.8%), from €28,220 to €26,586
of which Land and buildings: -€937
- Receivables within one year -€1,164
no longer reported in 2026 (was €1,164)
- Accrued charges and deferred income +€2,069
up €2,069 (+142.9%), from €1,448 to €3,517
- Profit (loss) carried forward +€1,460
no longer reported in 2026 (was -€1,460)
- Tax, wage and social debts +€718
new in 2026: €718
- Trade debts -€625
down €625 (-61.2%), from €1,021 to €396
- Reserves +€473
new in 2026: €473
- Depreciation -€5,766
down €5,766 (-62.6%), from €9,216 to €3,450
- Gross operating margin -€3,508
down €3,508 (-24.1%), from €14,529 to €11,021
- Taxes +€949
up €949 (+123.4%), from €769 to €1,718
- Financial charges -€180
down €180 (-11.1%), from €1,615 to €1,435
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,512 | €43,558 | +€4,047 | +10.2% |
| Fixed assets | 21/28 | €28,220 | €26,586 | -€1,635 | -5.8% |
| Tangible fixed assets | 22/27 | €28,220 | €26,586 | -€1,635 | -5.8% |
| Land and buildings | 22 | €24,085 | €23,148 | -€937 | -3.9% |
| Plant, machinery and equipment | 23 | €164 | - | -€164 | |
| Furniture and vehicles | 24 | €3,971 | €3,437 | -€534 | -13.4% |
| Current assets | 29/58 | €11,291 | €16,973 | +€5,682 | +50.3% |
| Amounts receivable within one year | 40/41 | €1,164 | - | -€1,164 | |
| Other amounts receivable | 41 | €1,164 | - | -€1,164 | |
| Cash at bank and in hand | 54/58 | €9,337 | €15,832 | +€6,495 | +69.6% |
| Deferred charges and accrued income | 490/1 | €790 | €1,141 | +€351 | +44.4% |
| Total equity and liabilities | 10/49 | €39,512 | €43,558 | +€4,047 | +10.2% |
| Equity | 10/15 | €17,140 | €19,073 | +€1,933 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €473 | +€473 | |
| Distributable reserves | 133 | - | €473 | +€473 | |
| Profit (loss) carried forward | 14 | -€1,460 | - | +€1,460 | |
| Amounts payable | 17/49 | €22,371 | €24,485 | +€2,114 | +9.5% |
| Amounts payable after more than one year | 17 | €18,600 | €18,600 | = | 0.0% |
| Other amounts payable | 178/9 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,323 | €2,369 | +€46 | +2.0% |
| Trade debts | 44 | €1,021 | €396 | -€625 | -61.2% |
| Suppliers | 440/4 | €1,021 | €396 | -€625 | -61.2% |
| Taxes, remuneration and social security | 45 | - | €718 | +€718 | |
| Taxes | 450/3 | - | €718 | +€718 | |
| Other amounts payable | 47/48 | €1,302 | €1,255 | -€47 | -3.6% |
| Accrued charges and deferred income | 492/3 | €1,448 | €3,517 | +€2,069 | +142.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,216 | €3,450 | -€5,766 | -62.6% |
| Other operating charges | 640/8 | €2,415 | €2,486 | +€71 | +3.0% |
| Gross operating margin | 9900 | €14,529 | €11,021 | -€3,508 | -24.1% |
| Operating profit (loss) | 9901 | €2,898 | €5,085 | +€2,187 | +75.5% |
| Financial charges | 65/66B | €1,615 | €1,435 | -€180 | -11.1% |
| Recurring financial charges | 65 | €1,615 | €1,435 | -€180 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €1,284 | €3,650 | +€2,367 | +184.4% |
| Income taxes | 67/77 | €769 | €1,718 | +€949 | +123.4% |
| Profit (loss) for the period | 9904 | €515 | €1,933 | +€1,418 | +275.5% |
| Profit (loss) for the period to be appropriated | 9905 | €515 | €1,933 | +€1,418 | +275.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.