ARCADE - CONCEPT: 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.
ARCADE - CONCEPT
Largest movements
- Tangible fixed assets +€94,386
up €94,386 (+209%), from €45,198 to €139,584
of which Plant, machinery and equipment: +€97,506
- Stocks and contracts -€46,952
down €46,952 (-55.5%), from €84,575 to €37,623
- Cash -€10,815
down €10,815 (-5.5%), from €195,807 to €184,992
mainly Investment in fixed assets (net) (-€120,872) and Advances received (-€43,076)
- Receivables within one year -€9,589
down €9,589 (-6.1%), from €156,016 to €146,427
of which Other amounts receivable: -€5,686
- Reserves +€56,298
up €56,298 (+30.2%), from €186,603 to €242,901
- Advances received -€43,076
no longer reported in 2025 (was €43,076)
- Tax, wage and social debts +€9,526
up €9,526 (+67.5%), from €14,111 to €23,637
of which Remuneration and social security: +€9,637
- Other debts +€5,358
up €5,358 (+6.8%), from €78,417 to €83,775
- Purchases and services +€264,314
up €264,314 (+34.1%), from €775,577 to €1.0m
- Gross operating margin +€46,939
up €46,939 (+22.0%), from €213,698 to €260,636
- Staff costs -€23,684
down €23,684 (-12.3%), from €191,874 to €168,190
- Depreciation +€15,020
up €15,020 (+131%), from €11,466 to €26,486
- Financial income -€6,769
down €6,769 (-61.7%), from €10,967 to €4,198
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 | €485,927 | €511,767 | +€25,840 | +5.3% |
| Fixed assets | 21/28 | €45,198 | €139,584 | +€94,386 | +209% |
| Tangible fixed assets | 22/27 | €45,198 | €139,584 | +€94,386 | +209% |
| Plant, machinery and equipment | 23 | €34,843 | €132,350 | +€97,506 | +280% |
| Furniture and vehicles | 24 | €10,355 | €7,234 | -€3,121 | -30.1% |
| Current assets | 29/58 | €440,729 | €372,183 | -€68,545 | -15.6% |
| Stocks and contracts in progress | 3 | €84,575 | €37,623 | -€46,952 | -55.5% |
| Stocks | 30/36 | €84,575 | €37,623 | -€46,952 | -55.5% |
| Amounts receivable within one year | 40/41 | €156,016 | €146,427 | -€9,589 | -6.1% |
| Trade receivables | 40 | €76,876 | €72,973 | -€3,903 | -5.1% |
| Other amounts receivable | 41 | €79,141 | €73,455 | -€5,686 | -7.2% |
| Cash at bank and in hand | 54/58 | €195,807 | €184,992 | -€10,815 | -5.5% |
| Deferred charges and accrued income | 490/1 | €4,331 | €3,141 | -€1,189 | -27.5% |
| Total equity and liabilities | 10/49 | €485,927 | €511,767 | +€25,840 | +5.3% |
| Equity | 10/15 | €192,808 | €249,106 | +€56,298 | +29.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Capital | 10 | €6,205 | €6,205 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €186,603 | €242,901 | +€56,298 | +30.2% |
| Distributable reserves | 133 | €186,603 | €242,901 | +€56,298 | +30.2% |
| Amounts payable | 17/49 | €293,118 | €262,661 | -€30,458 | -10.4% |
| Amounts payable within one year | 42/48 | €293,118 | €262,661 | -€30,458 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €3,581 | - | -€3,581 | |
| Trade debts | 44 | €153,933 | €155,249 | +€1,316 | +0.9% |
| Suppliers | 440/4 | €153,933 | €155,249 | +€1,316 | +0.9% |
| Advances received on contracts in progress | 46 | €43,076 | - | -€43,076 | |
| Taxes, remuneration and social security | 45 | €14,111 | €23,637 | +€9,526 | +67.5% |
| Taxes | 450/3 | €1,792 | €1,681 | -€111 | -6.2% |
| Remuneration and social security | 454/9 | €12,319 | €21,957 | +€9,637 | +78.2% |
| Other amounts payable | 47/48 | €78,417 | €83,775 | +€5,358 | +6.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €775,577 | €1,039,891 | +€264,314 | +34.1% |
| Remuneration, social security and pensions | 62 | €191,874 | €168,190 | -€23,684 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,466 | €26,486 | +€15,020 | +131% |
| Other operating charges | 640/8 | €2,041 | €3,733 | +€1,692 | +82.9% |
| Gross operating margin | 9900 | €213,698 | €260,636 | +€46,939 | +22.0% |
| Operating profit (loss) | 9901 | €8,316 | €62,228 | +€53,912 | +648% |
| Financial income | 75/76B | €10,967 | €4,198 | -€6,769 | -61.7% |
| Recurring financial income | 75 | €10,967 | €4,198 | -€6,769 | -61.7% |
| Financial charges | 65/66B | €6,651 | €6,162 | -€489 | -7.3% |
| Recurring financial charges | 65 | €6,651 | €6,162 | -€489 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €12,632 | €60,264 | +€47,632 | +377% |
| Income taxes | 67/77 | €4,898 | €3,966 | -€933 | -19.0% |
| Profit (loss) for the period | 9904 | €7,734 | €56,298 | +€48,564 | +628% |
| Profit (loss) for the period to be appropriated | 9905 | €7,734 | €56,298 | +€48,564 | +628% |
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 15 October 2026 via checked.be.