ARCADA: 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.
ARCADA
Largest movements
- Tangible fixed assets -€10,836
down €10,836 (-4.7%), from €231,540 to €220,704
- Other debts +€21,169
up €21,169 (+5.7%), from €372,129 to €393,299
- Debts after one year -€17,788
down €17,788 (-79.8%), from €22,290 to €4,502
- Profit (loss) carried forward -€16,450
down €16,450 (-9.0%), from -€183,531 to -€199,982
- Current portion of long-term debt +€3,094
up €3,094 (+17.7%), from €17,439 to €20,532
- Gross operating margin +€4,477
up €4,477 (+600%), from €746 to €5,222
- Other operating charges +€1,960
up €1,960 (+25.6%), from €7,659 to €9,620
- Financial charges +€1,200
up €1,200 (+796%), from €151 to €1,351
- Financial income +€192
new in 2025: €192
- Taxes +€57
new in 2025: €57
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.
Derived cash bridge
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 | €275,895 | €265,846 | -€10,049 | -3.6% |
| Fixed assets | 21/28 | €232,330 | €221,494 | -€10,836 | -4.7% |
| Tangible fixed assets | 22/27 | €231,540 | €220,704 | -€10,836 | -4.7% |
| Land and buildings | 22 | €231,540 | €220,704 | -€10,836 | -4.7% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €43,565 | €44,352 | +€787 | +1.8% |
| Amounts receivable within one year | 40/41 | €37,751 | €36,169 | -€1,582 | -4.2% |
| Trade receivables | 40 | €9,097 | €7,282 | -€1,815 | -20.0% |
| Other amounts receivable | 41 | €28,653 | €28,886 | +€233 | +0.8% |
| Cash at bank and in hand | 54/58 | €5,618 | €7,999 | +€2,381 | +42.4% |
| Deferred charges and accrued income | 490/1 | €197 | €185 | -€12 | -6.2% |
| Total equity and liabilities | 10/49 | €275,895 | €265,846 | -€10,049 | -3.6% |
| Equity | 10/15 | -€137,331 | -€153,782 | -€16,450 | -12.0% |
| Contributions | 10/11 | €46,200 | €46,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,531 | -€199,982 | -€16,450 | -9.0% |
| Amounts payable | 17/49 | €413,227 | €419,628 | +€6,401 | +1.5% |
| Amounts payable after more than one year | 17 | €22,290 | €4,502 | -€17,788 | -79.8% |
| Financial debts | 170/4 | €22,290 | €4,502 | -€17,788 | -79.8% |
| Amounts payable within one year | 42/48 | €390,936 | €415,087 | +€24,150 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €17,439 | €20,532 | +€3,094 | +17.7% |
| Trade debts | 44 | €1,175 | €1,256 | +€81 | +6.9% |
| Suppliers | 440/4 | €1,175 | €1,256 | +€81 | +6.9% |
| Taxes, remuneration and social security | 45 | €193 | €0 | -€193 | -100% |
| Taxes | 450/3 | €193 | €0 | -€193 | -100% |
| Other amounts payable | 47/48 | €372,129 | €393,299 | +€21,169 | +5.7% |
| Accrued charges and deferred income | 492/3 | - | €39 | +€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,836 | €10,836 | = | 0.0% |
| Other operating charges | 640/8 | €7,659 | €9,620 | +€1,960 | +25.6% |
| Gross operating margin | 9900 | €746 | €5,222 | +€4,477 | +600% |
| Operating profit (loss) | 9901 | -€17,750 | -€15,233 | +€2,516 | +14.2% |
| Financial income | 75/76B | - | €192 | +€192 | |
| Recurring financial income | 75 | - | €192 | +€192 | |
| Financial charges | 65/66B | €151 | €1,351 | +€1,200 | +796% |
| Recurring financial charges | 65 | €151 | €1,351 | +€1,200 | +796% |
| Profit (loss) for the period before taxes | 9903 | -€17,901 | -€16,393 | +€1,508 | +8.4% |
| Income taxes | 67/77 | - | €57 | +€57 | |
| Profit (loss) for the period | 9904 | -€17,901 | -€16,450 | +€1,450 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,901 | -€16,450 | +€1,450 | +8.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.