ARC MONTAGE: 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 MONTAGE
Largest movements
- Tangible fixed assets +€70,249
new in 2024: €70,249
- Receivables within one year +€12,443
up €12,443 (+24.2%), from €51,442 to €63,886
of which Other amounts receivable: +€38,351
- Cash -€3,751
down €3,751 (-86.6%), from €4,333 to €583
mainly Investment in fixed assets (net) (-€87,523) and Receivables within one year (-€12,443)
- Financial fixed assets +€3,200
new in 2024: €3,200
- Debts after one year +€34,110
new in 2024: €34,110
- Current portion of long-term debt +€26,626
new in 2024: €26,626
- Profit (loss) carried forward +€23,750
up €23,750 (+213%), from €11,151 to €34,901
- Trade debts -€5,710
down €5,710 (-73.2%), from €7,804 to €2,095
- Tax, wage and social debts +€3,952
up €3,952 (+11.7%), from €33,821 to €37,773
of which Taxes: +€8,952
- Gross operating margin +€44,297
up €44,297 (+285%), from €15,562 to €59,859
- Depreciation +€14,073
new in 2024: €14,073
- Other operating charges +€9,576
up €9,576 (+1,102%), from €869 to €10,445
- Taxes +€6,416
up €6,416 (+230%), from €2,788 to €9,203
- Financial charges +€1,634
up €1,634 (+216%), from €756 to €2,390
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.
Derived cash bridge
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 | €55,776 | €138,505 | +€82,730 | +148% |
| Fixed assets | 21/28 | - | €73,449 | +€73,449 | |
| Tangible fixed assets | 22/27 | - | €70,249 | +€70,249 | |
| Furniture and vehicles | 24 | - | €70,249 | +€70,249 | |
| Financial fixed assets | 28 | - | €3,200 | +€3,200 | |
| Current assets | 29/58 | €55,776 | €65,056 | +€9,280 | +16.6% |
| Amounts receivable within one year | 40/41 | €51,442 | €63,886 | +€12,443 | +24.2% |
| Trade receivables | 40 | €48,150 | €22,242 | -€25,907 | -53.8% |
| Other amounts receivable | 41 | €3,292 | €41,643 | +€38,351 | +1,165% |
| Cash at bank and in hand | 54/58 | €4,333 | €583 | -€3,751 | -86.6% |
| Deferred charges and accrued income | 490/1 | - | €588 | +€588 | |
| Total equity and liabilities | 10/49 | €55,776 | €138,505 | +€82,730 | +148% |
| Equity | 10/15 | €14,151 | €37,901 | +€23,750 | +168% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,151 | €34,901 | +€23,750 | +213% |
| Amounts payable | 17/49 | €41,625 | €100,604 | +€58,979 | +142% |
| Amounts payable after more than one year | 17 | - | €34,110 | +€34,110 | |
| Financial debts | 170/4 | - | €34,110 | +€34,110 | |
| Amounts payable within one year | 42/48 | €41,625 | €66,494 | +€24,869 | +59.7% |
| Current portion of amounts payable after more than one year | 42 | - | €26,626 | +€26,626 | |
| Trade debts | 44 | €7,804 | €2,095 | -€5,710 | -73.2% |
| Suppliers | 440/4 | €7,804 | €2,095 | -€5,710 | -73.2% |
| Taxes, remuneration and social security | 45 | €33,821 | €37,773 | +€3,952 | +11.7% |
| Taxes | 450/3 | €28,821 | €37,773 | +€8,952 | +31.1% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,073 | +€14,073 | |
| Other operating charges | 640/8 | €869 | €10,445 | +€9,576 | +1,102% |
| Gross operating margin | 9900 | €15,562 | €59,859 | +€44,297 | +285% |
| Operating profit (loss) | 9901 | €14,693 | €35,341 | +€20,648 | +141% |
| Financial income | 75/76B | €1 | €3 | +€2 | +269% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +269% |
| Financial charges | 65/66B | €756 | €2,390 | +€1,634 | +216% |
| Recurring financial charges | 65 | €756 | €2,390 | +€1,634 | +216% |
| Profit (loss) for the period before taxes | 9903 | €13,938 | €32,954 | +€19,015 | +136% |
| Income taxes | 67/77 | €2,788 | €9,203 | +€6,416 | +230% |
| Profit (loss) for the period | 9904 | €11,151 | €23,750 | +€12,600 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €11,151 | €23,750 | +€12,600 | +113% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.