Arcade Law: 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 Law
Largest movements
- Receivables within one year -€36,557
down €36,557 (-22.0%), from €165,861 to €129,304
of which Trade receivables: -€39,757
- Cash -€24,974
down €24,974 (-49.4%), from €50,587 to €25,613
mainly Contributions, distributions and other (-€244,800) and Tax, wage and social debts (-€26,612)
- Deferred charges and accrued income -€10,478
down €10,478 (-88.2%), from €11,878 to €1,400
- Financial fixed assets -€3,750
down €3,750 (-100.0%), from €3,750 to €0
- Reserves -€125,080
down €125,080 (-99.6%), from €125,536 to €457
- Other debts +€72,369
up €72,369 (+139.4%), from €51,924 to €124,293
- Tax, wage and social debts -€26,612
down €26,612 (-89.0%), from €29,908 to €3,296
- Gross operating margin -€9,664
down €9,664 (-5.6%), from €171,738 to €162,074
- Taxes -€2,680
down €2,680 (-6.4%), from €42,071 to €39,391
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 | €235,748 | €158,583 | -€77,165 | -32.7% |
| Fixed assets | 21/28 | €7,422 | €2,266 | -€5,156 | -69.5% |
| Tangible fixed assets | 22/27 | €3,672 | €2,266 | -€1,406 | -38.3% |
| Furniture and vehicles | 24 | €3,672 | €2,266 | -€1,406 | -38.3% |
| Financial fixed assets | 28 | €3,750 | €0 | -€3,750 | -100.0% |
| Current assets | 29/58 | €228,326 | €156,317 | -€72,009 | -31.5% |
| Amounts receivable within one year | 40/41 | €165,861 | €129,304 | -€36,557 | -22.0% |
| Trade receivables | 40 | €165,852 | €126,096 | -€39,757 | -24.0% |
| Other amounts receivable | 41 | €9 | €3,209 | +€3,199 | +34400.5% |
| Cash at bank and in hand | 54/58 | €50,587 | €25,613 | -€24,974 | -49.4% |
| Deferred charges and accrued income | 490/1 | €11,878 | €1,400 | -€10,478 | -88.2% |
| Total equity and liabilities | 10/49 | €235,748 | €158,583 | -€77,165 | -32.7% |
| Equity | 10/15 | €133,936 | €8,857 | -€125,080 | -93.4% |
| Contributions | 10/11 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €125,536 | €457 | -€125,080 | -99.6% |
| Distributable reserves | 133 | €125,536 | €457 | -€125,080 | -99.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €101,812 | €149,727 | +€47,915 | +47.1% |
| Amounts payable within one year | 42/48 | €99,732 | €147,552 | +€47,820 | +47.9% |
| Financial debts | 43 | €2 | €0 | -€2 | -100.0% |
| Credit institutions | 430/8 | €2 | €0 | -€2 | -100.0% |
| Trade debts | 44 | €16,399 | €16,167 | -€232 | -1.4% |
| Suppliers | 440/4 | €16,399 | €16,167 | -€232 | -1.4% |
| Advances received on contracts in progress | 46 | €1,500 | €3,797 | +€2,297 | +153.1% |
| Taxes, remuneration and social security | 45 | €29,908 | €3,296 | -€26,612 | -89.0% |
| Taxes | 450/3 | €29,908 | €3,296 | -€26,612 | -89.0% |
| Other amounts payable | 47/48 | €51,924 | €124,293 | +€72,369 | +139.4% |
| Accrued charges and deferred income | 492/3 | €2,080 | €2,175 | +€95 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,158 | €1,406 | -€752 | -34.8% |
| Other operating charges | 640/8 | €1,257 | €923 | -€335 | -26.6% |
| Gross operating margin | 9900 | €171,738 | €162,074 | -€9,664 | -5.6% |
| Operating profit (loss) | 9901 | €168,322 | €159,745 | -€8,577 | -5.1% |
| Financial income | 75/76B | €1,061 | €1,769 | +€708 | +66.8% |
| Recurring financial income | 75 | €1,061 | €1,769 | +€708 | +66.8% |
| Financial charges | 65/66B | €1,985 | €2,403 | +€417 | +21.0% |
| Recurring financial charges | 65 | €1,985 | €2,403 | +€417 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €167,398 | €159,112 | -€8,286 | -5.0% |
| Income taxes | 67/77 | €42,071 | €39,391 | -€2,680 | -6.4% |
| Profit (loss) for the period | 9904 | €125,327 | €119,720 | -€5,606 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €125,327 | €119,720 | -€5,606 | -4.5% |
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 11 October 2026 via checked.be.