ARCADE VASTGOED: 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 VASTGOED
Largest movements
- Receivables after one year +€165,000
up €165,000 (+110%), from €150,000 to €315,000
- Tangible fixed assets -€58,048
down €58,048 (-13.1%), from €444,789 to €386,741
of which Furniture and vehicles: -€38,647
- Cash -€29,717
down €29,717 (-3.5%), from €839,059 to €809,341
mainly Receivables after one year (-€165,000) and Debts after one year (-€63,181)
- Receivables within one year +€25,180
up €25,180 (+77.2%), from €32,624 to €57,804
of which Trade receivables: +€25,180
- Reserves +€155,293
up €155,293 (+15.5%), from €1.0m to €1.2m
of which Distributable reserves: +€155,293
- Debts after one year -€63,181
down €63,181 (-34.7%), from €182,181 to €119,000
- Short-term financial debts +€20,197
new in 2025: €20,197
- Gross operating margin +€47,897
up €47,897 (+8.5%), from €562,542 to €610,439
- Taxes +€39,629
up €39,629 (+50.9%), from €77,843 to €117,472
- Staff costs -€24,280
down €24,280 (-10.2%), from €237,271 to €212,991
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 | €1,477,359 | €1,587,049 | +€109,690 | +7.4% |
| Fixed assets | 21/28 | €447,968 | €388,666 | -€59,302 | -13.2% |
| Intangible fixed assets | 21 | €2,762 | €1,208 | -€1,554 | -56.3% |
| Tangible fixed assets | 22/27 | €444,789 | €386,741 | -€58,048 | -13.1% |
| Land and buildings | 22 | €272,178 | €253,369 | -€18,809 | -6.9% |
| Plant, machinery and equipment | 23 | €2,596 | €2,004 | -€592 | -22.8% |
| Furniture and vehicles | 24 | €170,014 | €131,368 | -€38,647 | -22.7% |
| Financial fixed assets | 28 | €417 | €717 | +€300 | +71.9% |
| Current assets | 29/58 | €1,029,391 | €1,198,383 | +€168,992 | +16.4% |
| Amounts receivable after more than one year | 29 | €150,000 | €315,000 | +€165,000 | +110% |
| Trade receivables | 290 | €150,000 | €315,000 | +€165,000 | +110% |
| Amounts receivable within one year | 40/41 | €32,624 | €57,804 | +€25,180 | +77.2% |
| Trade receivables | 40 | €32,624 | €57,804 | +€25,180 | +77.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €839,059 | €809,341 | -€29,717 | -3.5% |
| Deferred charges and accrued income | 490/1 | €7,708 | €16,238 | +€8,530 | +111% |
| Total equity and liabilities | 10/49 | €1,477,359 | €1,587,049 | +€109,690 | +7.4% |
| Equity | 10/15 | €1,003,916 | €1,159,210 | +€155,293 | +15.5% |
| Contributions | 10/11 | €10,400 | €10,400 | = | 0.0% |
| Reserves | 13 | €1,002,700 | €1,157,994 | +€155,293 | +15.5% |
| Non-distributable reserves | 130/1 | €5,200 | €5,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,200 | €5,200 | = | 0.0% |
| Distributable reserves | 133 | €997,500 | €1,152,794 | +€155,293 | +15.6% |
| Profit (loss) carried forward | 14 | -€9,184 | -€9,184 | = | 0.0% |
| Amounts payable | 17/49 | €473,442 | €427,839 | -€45,603 | -9.6% |
| Amounts payable after more than one year | 17 | €182,181 | €119,000 | -€63,181 | -34.7% |
| Financial debts | 170/4 | €182,181 | €119,000 | -€63,181 | -34.7% |
| Amounts payable within one year | 42/48 | €291,261 | €308,839 | +€17,579 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €62,373 | €63,226 | +€853 | +1.4% |
| Financial debts | 43 | - | €20,197 | +€20,197 | |
| Credit institutions | 430/8 | - | €20,197 | +€20,197 | |
| Trade debts | 44 | €25,160 | €20,052 | -€5,108 | -20.3% |
| Suppliers | 440/4 | €25,160 | €20,052 | -€5,108 | -20.3% |
| Taxes, remuneration and social security | 45 | €165,660 | €169,373 | +€3,712 | +2.2% |
| Taxes | 450/3 | €120,728 | €125,244 | +€4,516 | +3.7% |
| Remuneration and social security | 454/9 | €44,933 | €44,129 | -€804 | -1.8% |
| Other amounts payable | 47/48 | €38,068 | €35,993 | -€2,075 | -5.5% |
| Non-recurring operating income | 76A | €5,104 | €0 | -€5,104 | -100% |
| Remuneration, social security and pensions | 62 | €237,271 | €212,991 | -€24,280 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,623 | €64,932 | +€2,309 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,809 | €0 | -€4,809 | -100% |
| Other operating charges | 640/8 | €3,944 | €4,189 | +€244 | +6.2% |
| Gross operating margin | 9900 | €562,542 | €610,439 | +€47,897 | +8.5% |
| Operating profit (loss) | 9901 | €253,895 | €328,328 | +€74,433 | +29.3% |
| Financial income | 75/76B | €8,622 | €11,322 | +€2,699 | +31.3% |
| Recurring financial income | 75 | €8,622 | €11,322 | +€2,699 | +31.3% |
| Financial charges | 65/66B | €14,850 | €13,384 | -€1,466 | -9.9% |
| Recurring financial charges | 65 | €14,850 | €13,384 | -€1,466 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €247,667 | €326,266 | +€78,598 | +31.7% |
| Income taxes | 67/77 | €77,843 | €117,472 | +€39,629 | +50.9% |
| Profit (loss) for the period | 9904 | €169,824 | €208,793 | +€38,969 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €169,824 | €208,793 | +€38,969 | +22.9% |
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.