ARCA: 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.
ARCA
Largest movements
- Receivables within one year +€27,872
up €27,872 (+21.8%), from €127,617 to €155,489
of which Other amounts receivable: +€29,866
- Reserves +€18,504
up €18,504 (+20.9%), from €88,379 to €106,883
of which Distributable reserves: +€18,504
- Tax, wage and social debts +€9,310
up €9,310 (+83.1%), from €11,200 to €20,510
- Gross operating margin +€7,058
up €7,058 (+53.0%), from €13,306 to €20,364
- Taxes +€2,015
up €2,015 (+36.9%), from €5,463 to €7,477
- Financial income +€524
up €524 (+8.0%), from €6,584 to €7,108
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 | €138,096 | €165,131 | +€27,034 | +19.6% |
| Fixed assets | 21/28 | €2,749 | €2,124 | -€625 | -22.7% |
| Tangible fixed assets | 22/27 | €2,749 | €2,124 | -€625 | -22.7% |
| Furniture and vehicles | 24 | €2,749 | €2,124 | -€625 | -22.7% |
| Current assets | 29/58 | €135,348 | €163,007 | +€27,659 | +20.4% |
| Amounts receivable within one year | 40/41 | €127,617 | €155,489 | +€27,872 | +21.8% |
| Trade receivables | 40 | €10,464 | €8,470 | -€1,994 | -19.1% |
| Other amounts receivable | 41 | €117,153 | €147,019 | +€29,866 | +25.5% |
| Cash at bank and in hand | 54/58 | €7,156 | €7,285 | +€129 | +1.8% |
| Deferred charges and accrued income | 490/1 | €574 | €232 | -€341 | -59.5% |
| Total equity and liabilities | 10/49 | €138,096 | €165,131 | +€27,034 | +19.6% |
| Equity | 10/15 | €121,639 | €140,142 | +€18,504 | +15.2% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €88,379 | €106,883 | +€18,504 | +20.9% |
| Tax-exempt reserves | 132 | €21,357 | €21,357 | = | 0.0% |
| Distributable reserves | 133 | €67,022 | €85,526 | +€18,504 | +27.6% |
| Profit (loss) carried forward | 14 | €24,583 | €24,583 | = | 0.0% |
| Amounts payable | 17/49 | €16,458 | €24,988 | +€8,530 | +51.8% |
| Amounts payable within one year | 42/48 | €16,358 | €24,934 | +€8,576 | +52.4% |
| Trade debts | 44 | €5,158 | €4,424 | -€735 | -14.2% |
| Suppliers | 440/4 | €5,158 | €4,424 | -€735 | -14.2% |
| Taxes, remuneration and social security | 45 | €11,200 | €20,510 | +€9,310 | +83.1% |
| Taxes | 450/3 | €11,200 | €20,510 | +€9,310 | +83.1% |
| Accrued charges and deferred income | 492/3 | €100 | €55 | -€45 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €625 | -€185 | -22.8% |
| Other operating charges | 640/8 | €717 | €741 | +€24 | +3.3% |
| Gross operating margin | 9900 | €13,306 | €20,364 | +€7,058 | +53.0% |
| Operating profit (loss) | 9901 | €11,780 | €18,999 | +€7,219 | +61.3% |
| Financial income | 75/76B | €6,584 | €7,108 | +€524 | +8.0% |
| Recurring financial income | 75 | €6,584 | €7,108 | +€524 | +8.0% |
| Financial charges | 65/66B | €134 | €126 | -€8 | -6.0% |
| Recurring financial charges | 65 | €134 | €126 | -€8 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €18,230 | €25,981 | +€7,751 | +42.5% |
| Income taxes | 67/77 | €5,463 | €7,477 | +€2,015 | +36.9% |
| Profit (loss) for the period | 9904 | €12,767 | €18,504 | +€5,737 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,767 | €18,504 | +€5,737 | +44.9% |
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 8 October 2026 via checked.be.