ARC - IMMO: 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.
ARC - IMMO
Largest movements
- Tangible fixed assets +€37,973
up €37,973 (+21.8%), from €174,451 to €212,424
of which Land and buildings: +€35,755
- Cash -€19,449
down €19,449 (-78.9%), from €24,638 to €5,188
mainly Investment in fixed assets (net) (-€50,798) and Deferred charges and accrued income (-€1,419)
- Trade debts +€13,780
up €13,780 (+99.7%), from €13,822 to €27,602
- Other debts +€7,463
up €7,463 (+35.1%), from €21,271 to €28,734
- Gross operating margin +€17,247
up €17,247 (+63.5%), from €27,151 to €44,397
- Other operating charges +€13,532
up €13,532 (+182.6%), from €7,410 to €20,942
- Financial charges +€7,460
up €7,460 (+945.9%), from €789 to €8,248
- Depreciation +€1,580
up €1,580 (+14.1%), from €11,244 to €12,824
- Taxes -€706
down €706 (-23.2%), from €3,039 to €2,333
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,692 | €222,635 | +€19,942 | +9.8% |
| Fixed assets | 21/28 | €175,803 | €213,776 | +€37,973 | +21.6% |
| Tangible fixed assets | 22/27 | €174,451 | €212,424 | +€37,973 | +21.8% |
| Land and buildings | 22 | €173,216 | €208,971 | +€35,755 | +20.6% |
| Plant, machinery and equipment | 23 | €779 | €459 | -€320 | -41.1% |
| Furniture and vehicles | 24 | €456 | €2,994 | +€2,537 | +556.4% |
| Financial fixed assets | 28 | €1,353 | €1,353 | = | 0.0% |
| Current assets | 29/58 | €26,889 | €8,858 | -€18,031 | -67.1% |
| Cash at bank and in hand | 54/58 | €24,638 | €5,188 | -€19,449 | -78.9% |
| Deferred charges and accrued income | 490/1 | €2,252 | €3,670 | +€1,419 | +63.0% |
| Total equity and liabilities | 10/49 | €202,692 | €222,635 | +€19,942 | +9.8% |
| Equity | 10/15 | €70,000 | €70,049 | +€49 | +0.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €240,000 | €240,000 | = | 0.0% |
| Uncalled capital | 101 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,000 | -€79,951 | +€49 | +0.1% |
| Amounts payable | 17/49 | €132,693 | €152,586 | +€19,893 | +15.0% |
| Amounts payable after more than one year | 17 | €90,000 | €90,000 | = | 0.0% |
| Financial debts | 170/4 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,693 | €62,586 | +€19,893 | +46.6% |
| Trade debts | 44 | €13,822 | €27,602 | +€13,780 | +99.7% |
| Suppliers | 440/4 | €13,822 | €27,602 | +€13,780 | +99.7% |
| Taxes, remuneration and social security | 45 | €7,600 | €6,250 | -€1,350 | -17.8% |
| Taxes | 450/3 | €7,600 | €6,250 | -€1,350 | -17.8% |
| Other amounts payable | 47/48 | €21,271 | €28,734 | +€7,463 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,244 | €12,824 | +€1,580 | +14.1% |
| Other operating charges | 640/8 | €7,410 | €20,942 | +€13,532 | +182.6% |
| Gross operating margin | 9900 | €27,151 | €44,397 | +€17,247 | +63.5% |
| Operating profit (loss) | 9901 | €8,497 | €10,631 | +€2,134 | +25.1% |
| Financial charges | 65/66B | €789 | €8,248 | +€7,460 | +945.9% |
| Recurring financial charges | 65 | €789 | €8,248 | +€7,460 | +945.9% |
| Profit (loss) for the period before taxes | 9903 | €7,708 | €2,383 | -€5,326 | -69.1% |
| Income taxes | 67/77 | €3,039 | €2,333 | -€706 | -23.2% |
| Profit (loss) for the period | 9904 | €4,669 | €49 | -€4,620 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,669 | €49 | -€4,620 | -98.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.