ARC: 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.
ARC
Largest movements
- Cash +€4,500
up €4,500 (+94.8%), from €4,747 to €9,246
mainly Net result for the year (+€4,961) and Depreciation (+€2,563)
- Tangible fixed assets -€2,563
down €2,563 (-12.5%), from €20,466 to €17,903
- Receivables within one year -€1,768
down €1,768 (-6.3%), from €27,900 to €26,133
- Reserves +€4,961
up €4,961 (+15.8%), from €31,304 to €36,265
- Tax, wage and social debts -€3,996
down €3,996 (-32.3%), from €12,363 to €8,368
- Trade debts -€576
down €576 (-48.6%), from €1,186 to €610
- Gross operating margin +€4,919
up €4,919 (+63.7%), from €7,721 to €12,640
- Taxes +€1,364
up €1,364 (+55.6%), from €2,454 to €3,818
- Other operating charges +€797
up €797 (+567.3%), from €141 to €938
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 | €53,113 | €53,282 | +€169 | +0.3% |
| Fixed assets | 21/28 | €20,466 | €17,903 | -€2,563 | -12.5% |
| Tangible fixed assets | 22/27 | €20,466 | €17,903 | -€2,563 | -12.5% |
| Land and buildings | 22 | €7,864 | €7,560 | -€304 | -3.9% |
| Plant, machinery and equipment | 23 | €3,022 | €2,652 | -€370 | -12.2% |
| Furniture and vehicles | 24 | €4,038 | €2,903 | -€1,135 | -28.1% |
| Other tangible fixed assets | 26 | €5,543 | €4,789 | -€754 | -13.6% |
| Current assets | 29/58 | €32,647 | €35,379 | +€2,732 | +8.4% |
| Amounts receivable within one year | 40/41 | €27,900 | €26,133 | -€1,768 | -6.3% |
| Trade receivables | 40 | €27,900 | €26,133 | -€1,768 | -6.3% |
| Cash at bank and in hand | 54/58 | €4,747 | €9,246 | +€4,500 | +94.8% |
| Total equity and liabilities | 10/49 | €53,113 | €53,282 | +€169 | +0.3% |
| Equity | 10/15 | €36,304 | €41,265 | +€4,961 | +13.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,304 | €36,265 | +€4,961 | +15.8% |
| Distributable reserves | 133 | €31,304 | €36,265 | +€4,961 | +15.8% |
| Amounts payable | 17/49 | €16,809 | €12,017 | -€4,792 | -28.5% |
| Amounts payable within one year | 42/48 | €16,809 | €12,017 | -€4,792 | -28.5% |
| Trade debts | 44 | €1,186 | €610 | -€576 | -48.6% |
| Suppliers | 440/4 | €1,186 | €610 | -€576 | -48.6% |
| Taxes, remuneration and social security | 45 | €12,363 | €8,368 | -€3,996 | -32.3% |
| Taxes | 450/3 | €12,363 | €8,368 | -€3,996 | -32.3% |
| Other amounts payable | 47/48 | €3,260 | €3,040 | -€220 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,646 | €2,563 | -€83 | -3.1% |
| Other operating charges | 640/8 | €141 | €938 | +€797 | +567.3% |
| Gross operating margin | 9900 | €7,721 | €12,640 | +€4,919 | +63.7% |
| Operating profit (loss) | 9901 | €4,935 | €9,140 | +€4,204 | +85.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -86.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -86.2% |
| Financial charges | 65/66B | €479 | €361 | -€118 | -24.7% |
| Recurring financial charges | 65 | €479 | €361 | -€118 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €4,457 | €8,779 | +€4,322 | +97.0% |
| Income taxes | 67/77 | €2,454 | €3,818 | +€1,364 | +55.6% |
| Profit (loss) for the period | 9904 | €2,003 | €4,961 | +€2,958 | +147.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,003 | €4,961 | +€2,958 | +147.7% |
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 9 October 2026 via checked.be.