ARC DE MER: 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 DE MER
Largest movements
- Tangible fixed assets -€19,579
down €19,579 (-64.7%), from €30,266 to €10,687
of which Furniture and vehicles: -€17,849
- Debts after one year -€33,329
down €33,329 (-9.7%), from €342,578 to €309,249
- Profit (loss) carried forward +€12,530
up €12,530 (+7.0%), from -€178,784 to -€166,254
- Gross operating margin +€22,137
up €22,137 (+165.4%), from €13,387 to €35,524
- Taxes -€1,392
down €1,392, from €1,354 to -€38
- Depreciation +€475
up €475 (+2.5%), from €19,104 to €19,579
- Financial income +€408
new in 2025: €408
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 | €275,805 | €253,857 | -€21,949 | -8.0% |
| Fixed assets | 21/28 | €238,202 | €218,623 | -€19,579 | -8.2% |
| Tangible fixed assets | 22/27 | €30,266 | €10,687 | -€19,579 | -64.7% |
| Land and buildings | 22 | €1,730 | - | -€1,730 | |
| Furniture and vehicles | 24 | €28,536 | €10,687 | -€17,849 | -62.6% |
| Financial fixed assets | 28 | €207,936 | €207,936 | = | 0.0% |
| Current assets | 29/58 | €37,603 | €35,234 | -€2,369 | -6.3% |
| Amounts receivable within one year | 40/41 | €34,511 | €33,349 | -€1,162 | -3.4% |
| Trade receivables | 40 | €34,342 | €30,929 | -€3,412 | -9.9% |
| Other amounts receivable | 41 | €169 | €2,419 | +€2,250 | +1329.3% |
| Cash at bank and in hand | 54/58 | €1,576 | €311 | -€1,266 | -80.3% |
| Deferred charges and accrued income | 490/1 | €1,516 | €1,575 | +€59 | +3.9% |
| Total equity and liabilities | 10/49 | €275,805 | €253,857 | -€21,949 | -8.0% |
| Equity | 10/15 | -€117,284 | -€104,754 | +€12,530 | +10.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,784 | -€166,254 | +€12,530 | +7.0% |
| Amounts payable | 17/49 | €393,090 | €358,611 | -€34,479 | -8.8% |
| Amounts payable after more than one year | 17 | €342,578 | €309,249 | -€33,329 | -9.7% |
| Other amounts payable | 178/9 | €342,578 | €309,249 | -€33,329 | -9.7% |
| Amounts payable within one year | 42/48 | €50,186 | €48,950 | -€1,236 | -2.5% |
| Trade debts | 44 | €3,061 | €2,653 | -€408 | -13.3% |
| Suppliers | 440/4 | €3,061 | €2,653 | -€408 | -13.3% |
| Taxes, remuneration and social security | 45 | €2,039 | €1,685 | -€353 | -17.3% |
| Taxes | 450/3 | €2,039 | €1,685 | -€353 | -17.3% |
| Other amounts payable | 47/48 | €45,087 | €44,612 | -€475 | -1.1% |
| Accrued charges and deferred income | 492/3 | €325 | €412 | +€86 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,104 | €19,579 | +€475 | +2.5% |
| Other operating charges | 640/8 | €3,355 | €3,424 | +€69 | +2.1% |
| Gross operating margin | 9900 | €13,387 | €35,524 | +€22,137 | +165.4% |
| Operating profit (loss) | 9901 | -€9,072 | €12,520 | +€21,592 | |
| Financial income | 75/76B | - | €408 | +€408 | |
| Recurring financial income | 75 | - | €408 | +€408 | |
| Financial charges | 65/66B | €505 | €436 | -€69 | -13.6% |
| Recurring financial charges | 65 | €505 | €436 | -€69 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,577 | €12,492 | +€22,069 | |
| Income taxes | 67/77 | €1,354 | -€38 | -€1,392 | |
| Profit (loss) for the period | 9904 | -€10,930 | €12,530 | +€23,460 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,930 | €12,530 | +€23,460 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.