ARC NC: 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 NC
Largest movements
- Receivables within one year +€94,061
up €94,061 (+73.8%), from €127,483 to €221,544
of which Other amounts receivable: +€117,201
- Cash -€87,245
down €87,245 (-41.5%), from €210,025 to €122,780
mainly Net result for the year (-€956,253) and Receivables within one year (-€94,061)
- Profit (loss) carried forward -€956,253
down €956,253 (-42.8%), from -€2.2m to -€3.2m
- Contributions +€800,000
up €800,000 (+35.1%), from €2.3m to €3.1m
- Accrued charges and deferred income +€141,218
up €141,218 (+121.9%), from €115,877 to €257,096
- Tax, wage and social debts +€26,370
up €26,370 (+27.7%), from €95,073 to €121,443
of which Remuneration and social security: +€26,370
- Trade debts -€11,256
down €11,256 (-8.7%), from €128,936 to €117,680
- Gross operating margin +€951,153
up €951,153, from -€888,314 to €62,839
- Staff costs -€320,335
down €320,335 (-24.0%), from €1.3m to €1.0m
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 | €385,871 | €390,112 | +€4,241 | +1.1% |
| Fixed assets | 21/28 | €46,996 | €45,788 | -€1,208 | -2.6% |
| Tangible fixed assets | 22/27 | €37,409 | €36,201 | -€1,208 | -3.2% |
| Land and buildings | 22 | €21,750 | €20,619 | -€1,131 | -5.2% |
| Plant, machinery and equipment | 23 | €5,054 | €3,482 | -€1,572 | -31.1% |
| Furniture and vehicles | 24 | €10,605 | €12,100 | +€1,495 | +14.1% |
| Financial fixed assets | 28 | €9,587 | €9,587 | = | 0.0% |
| Current assets | 29/58 | €338,875 | €344,324 | +€5,449 | +1.6% |
| Amounts receivable within one year | 40/41 | €127,483 | €221,544 | +€94,061 | +73.8% |
| Trade receivables | 40 | €103,900 | €80,760 | -€23,140 | -22.3% |
| Other amounts receivable | 41 | €23,583 | €140,784 | +€117,201 | +497.0% |
| Cash at bank and in hand | 54/58 | €210,025 | €122,780 | -€87,245 | -41.5% |
| Deferred charges and accrued income | 490/1 | €1,366 | €0 | -€1,366 | -100.0% |
| Total equity and liabilities | 10/49 | €385,871 | €390,112 | +€4,241 | +1.1% |
| Equity | 10/15 | €45,849 | -€110,404 | -€156,253 | |
| Contributions | 10/11 | €2,280,000 | €3,080,000 | +€800,000 | +35.1% |
| Profit (loss) carried forward | 14 | -€2,234,151 | -€3,190,404 | -€956,253 | -42.8% |
| Amounts payable | 17/49 | €340,022 | €500,516 | +€160,494 | +47.2% |
| Amounts payable within one year | 42/48 | €224,144 | €243,421 | +€19,276 | +8.6% |
| Trade debts | 44 | €128,936 | €117,680 | -€11,256 | -8.7% |
| Suppliers | 440/4 | €128,936 | €117,680 | -€11,256 | -8.7% |
| Advances received on contracts in progress | 46 | - | €4,162 | +€4,162 | |
| Taxes, remuneration and social security | 45 | €95,073 | €121,443 | +€26,370 | +27.7% |
| Taxes | 450/3 | €1,914 | €1,914 | = | 0.0% |
| Remuneration and social security | 454/9 | €93,160 | €119,530 | +€26,370 | +28.3% |
| Other amounts payable | 47/48 | €135 | €135 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €115,877 | €257,096 | +€141,218 | +121.9% |
| Remuneration, social security and pensions | 62 | €1,335,717 | €1,015,381 | -€320,335 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,064 | €6,479 | +€2,415 | +59.4% |
| Other operating charges | 640/8 | €7,410 | €232 | -€7,178 | -96.9% |
| Gross operating margin | 9900 | -€888,314 | €62,839 | +€951,153 | |
| Operating profit (loss) | 9901 | -€2,235,504 | -€959,253 | +€1.3m | +57.1% |
| Financial income | 75/76B | €1,892 | €1 | -€1,892 | -100.0% |
| Recurring financial income | 75 | €1,892 | €1 | -€1,892 | -100.0% |
| Financial charges | 65/66B | €263 | -€2,999 | -€3,262 | |
| Recurring financial charges | 65 | €263 | -€2,999 | -€3,262 | |
| Profit (loss) for the period before taxes | 9903 | -€2,233,875 | -€956,253 | +€1.3m | +57.2% |
| Income taxes | 67/77 | €276 | €0 | -€276 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,234,151 | -€956,253 | +€1.3m | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,234,151 | -€956,253 | +€1.3m | +57.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.