ARCADEL: 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.
ARCADEL
Largest movements
- Receivables within one year +€127,808
up €127,808 (+65.8%), from €194,330 to €322,138
of which Trade receivables: +€147,628
- Tangible fixed assets -€93,993
down €93,993 (-48.4%), from €194,252 to €100,259
of which Land and buildings: -€52,667
- Cash +€38,862
up €38,862 (+46.4%), from €83,696 to €122,558
mainly Advances received (+€121,555) and Net result for the year (+€92,933)
- Stocks and contracts +€28,591
up €28,591 (+14.9%), from €192,263 to €220,854
- Advances received +€121,555
up €121,555 (+61.4%), from €197,861 to €319,416
- Tax, wage and social debts +€49,051
up €49,051 (+131%), from €37,558 to €86,609
of which Taxes: +€41,877
- Contributions -€41,013
down €41,013 (-13.8%), from €297,750 to €256,737
- Current portion of long-term debt -€30,075
down €30,075 (-89.7%), from €33,537 to €3,462
- Trade debts +€8,105
up €8,105 (+56.7%), from €14,283 to €22,388
- Staff costs +€83,215
up €83,215 (+107%), from €77,887 to €161,102
- Depreciation -€17,882
down €17,882 (-24.1%), from €74,254 to €56,373
- Taxes -€11,788
down €11,788 (-59.2%), from €19,896 to €8,108
- Gross operating margin -€6,832
down €6,832 (-2.1%), from €327,319 to €320,487
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €674,460 | €780,236 | +€105,776 | +15.7% |
| Fixed assets | 21/28 | €194,629 | €100,509 | -€94,119 | -48.4% |
| Intangible fixed assets | 21 | €127 | - | -€127 | |
| Tangible fixed assets | 22/27 | €194,252 | €100,259 | -€93,993 | -48.4% |
| Land and buildings | 22 | €52,667 | - | -€52,667 | |
| Plant, machinery and equipment | 23 | €21,192 | €18,840 | -€2,352 | -11.1% |
| Furniture and vehicles | 24 | €120,394 | €81,420 | -€38,974 | -32.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €479,831 | €679,726 | +€199,895 | +41.7% |
| Stocks and contracts in progress | 3 | €192,263 | €220,854 | +€28,591 | +14.9% |
| Stocks | 30/36 | €192,263 | €220,854 | +€28,591 | +14.9% |
| Amounts receivable within one year | 40/41 | €194,330 | €322,138 | +€127,808 | +65.8% |
| Trade receivables | 40 | €161,762 | €309,390 | +€147,628 | +91.3% |
| Other amounts receivable | 41 | €32,568 | €12,748 | -€19,820 | -60.9% |
| Cash at bank and in hand | 54/58 | €83,696 | €122,558 | +€38,862 | +46.4% |
| Deferred charges and accrued income | 490/1 | €9,542 | €14,177 | +€4,634 | +48.6% |
| Total equity and liabilities | 10/49 | €674,460 | €780,236 | +€105,776 | +15.7% |
| Equity | 10/15 | €382,352 | €343,618 | -€38,734 | -10.1% |
| Contributions | 10/11 | €297,750 | €256,737 | -€41,013 | -13.8% |
| Reserves | 13 | €84,602 | €86,881 | +€2,279 | +2.7% |
| Distributable reserves | 133 | €84,602 | €86,881 | +€2,279 | +2.7% |
| Amounts payable | 17/49 | €292,108 | €436,618 | +€144,510 | +49.5% |
| Amounts payable after more than one year | 17 | €3,462 | - | -€3,462 | |
| Financial debts | 170/4 | €3,462 | - | -€3,462 | |
| Amounts payable within one year | 42/48 | €288,147 | €436,107 | +€147,960 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €33,537 | €3,462 | -€30,075 | -89.7% |
| Trade debts | 44 | €14,283 | €22,388 | +€8,105 | +56.7% |
| Suppliers | 440/4 | €14,283 | €22,388 | +€8,105 | +56.7% |
| Advances received on contracts in progress | 46 | €197,861 | €319,416 | +€121,555 | +61.4% |
| Taxes, remuneration and social security | 45 | €37,558 | €86,609 | +€49,051 | +131% |
| Taxes | 450/3 | €32,658 | €74,535 | +€41,877 | +128% |
| Remuneration and social security | 454/9 | €4,900 | €12,074 | +€7,174 | +146% |
| Other amounts payable | 47/48 | €4,908 | €4,231 | -€677 | -13.8% |
| Accrued charges and deferred income | 492/3 | €499 | €511 | +€12 | +2.4% |
| Remuneration, social security and pensions | 62 | €77,887 | €161,102 | +€83,215 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,254 | €56,373 | -€17,882 | -24.1% |
| Other operating charges | 640/8 | €6,589 | €7,470 | +€881 | +13.4% |
| Gross operating margin | 9900 | €327,319 | €320,487 | -€6,832 | -2.1% |
| Operating profit (loss) | 9901 | €168,588 | €95,542 | -€73,046 | -43.3% |
| Financial income | 75/76B | €9,634 | €11,900 | +€2,266 | +23.5% |
| Recurring financial income | 75 | €9,634 | €11,900 | +€2,266 | +23.5% |
| Financial charges | 65/66B | €5,206 | €6,402 | +€1,196 | +23.0% |
| Recurring financial charges | 65 | €5,206 | €6,402 | +€1,196 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €173,016 | €101,040 | -€71,975 | -41.6% |
| Income taxes | 67/77 | €19,896 | €8,108 | -€11,788 | -59.2% |
| Profit (loss) for the period | 9904 | €153,120 | €92,933 | -€60,188 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €153,120 | €92,933 | -€60,188 | -39.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.