ARCADIA: what changed
Two fiscal 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.
What changed
ARCADIA
NACE 85.314, Education
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€206,475
2024 · -€131,559+€338,034
Equity
€27.9m
2024 · €25.1m+€2.8m
Cash
€3.1m
2024 · €2.3m+€833,840
Balance sheet total
€45.2m
2024 · €40.0m+€5.2m
Largest movements
Assets
- Receivables within one year +€3.0m
up €3.0m (+43.1%), from €6.9m to €9.9m
of which Other amounts receivable: +€2.5m
- Tangible fixed assets +€1.2m
up €1.2m (+4.9%), from €24.5m to €25.7m
of which Assets under construction and advance payments: +€3.1m
- Cash +€833,840
up €833,840 (+36.3%), from €2.3m to €3.1m
mainly Contributions, distributions and other (+€2.6m) and Depreciation (+€2.2m)
Equity and liabilities
- Investment grants +€2.6m
up €2.6m (+18.4%), from €13.9m to €16.5m
- Trade debts +€988,039
up €988,039 (+204.4%), from €483,356 to €1.5m
- Accrued charges and deferred income +€764,666
up €764,666 (+13.4%), from €5.7m to €6.5m
- Advances received +€477,591
new in 2025: €477,591
Income statement
- Turnover +€767,827
up €767,827 (+46.4%), from €1.7m to €2.4m
- Depreciation +€727,497
up €727,497 (+48.5%), from €1.5m to €2.2m
- Services and other goods -€251,389
down €251,389 (-3.6%), from €6.9m to €6.7m
- Staff costs +€123,244
up €123,244 (+0.2%), from €51.0m to €51.1m
- Goods and materials -€113,874
down €113,874 (-20.5%), from €555,649 to €441,775
of which Change in stocks: decrease (increase): -€85,375
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.
Result 2024
-€131,559
Turnover
+€767,827
Other operating income
+€107,238
Goods and materials
+€113,874
Services and other goods
+€251,389
Staff costs
-€123,244
Depreciation
-€727,497
Write-downs
+€5,291
Other operating charges
-€34,897
Other operating items
-€34,688
Financial income
+€22,644
Financial charges
-€9,905
Result 2025
€206,475
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.
From operations
+€1.9m
Investment
-€3.8m
Financing
+€2.7m
Cash 2024
€2.3m
From operations (derived)
+€1.9m
Net result for the year
+€206,475
Depreciation
+€2.2m
Receivables after one year
+€148,126
Stocks and contracts
-€12,667
Receivables within one year
-€3.0m
Deferred charges and accrued income
+€93,715
Trade debts
+€988,039
Tax, wage and social debts
+€42,775
Advances received
+€477,591
Accrued charges and deferred income
+€764,666
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.4m
Current investments
-€405,339
Financing
+€2.7m
Debts after one year
+€145,949
Current portion of long-term debt
+€16,590
Contributions, distributions and other
+€2.6m
Not broken down
+€500
Cash 2025
€3.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,026,189 | €45,228,175 | +€5.2m | +13.0% |
| Fixed assets | 21/28 | €24,499,165 | €25,698,429 | +€1.2m | +4.9% |
| Intangible fixed assets | 21 | €2,952 | €2,952 | = | 0.0% |
| Tangible fixed assets | 22/27 | €24,493,660 | €25,694,919 | +€1.2m | +4.9% |
| Land and buildings | 22 | €16,079,657 | €14,264,380 | -€1.8m | -11.3% |
| Plant, machinery and equipment | 23 | €1,477,940 | €1,456,267 | -€21,674 | -1.5% |
| Furniture and vehicles | 24 | €184,698 | €184,698 | = | 0.0% |
| Leasing and similar rights | 25 | €5,830,003 | €5,548,941 | -€281,062 | -4.8% |
| Other tangible fixed assets | 26 | - | €267,761 | +€267,761 | |
| Assets under construction and advance payments | 27 | €921,361 | €3,972,871 | +€3.1m | +331.2% |
| Financial fixed assets | 28 | €2,553 | €558 | -€1,995 | -78.1% |
| Other financial fixed assets | 284/8 | €2,553 | €558 | -€1,995 | -78.1% |
| Amounts receivable and cash guarantees | 285/8 | €2,553 | €558 | -€1,995 | -78.1% |
| Current assets | 29/58 | €15,527,024 | €19,529,746 | +€4.0m | +25.8% |
| Amounts receivable after more than one year | 29 | €4,946,351 | €4,798,225 | -€148,126 | -3.0% |
| Other amounts receivable | 291 | €4,946,351 | €4,798,225 | -€148,126 | -3.0% |
| Stocks and contracts in progress | 3 | €152,843 | €165,510 | +€12,667 | +8.3% |
| Stocks | 30/36 | €152,843 | €165,510 | +€12,667 | +8.3% |
| Raw materials and consumables | 30/31 | €152,843 | €165,510 | +€12,667 | +8.3% |
| Amounts receivable within one year | 40/41 | €6,942,287 | €9,935,004 | +€3.0m | +43.1% |
| Trade receivables | 40 | €6,796,799 | €7,329,487 | +€532,688 | +7.8% |
| Other amounts receivable | 41 | €145,488 | €2,605,517 | +€2.5m | +1690.9% |
| Current investments | 50/53 | €800,000 | €1,205,339 | +€405,339 | +50.7% |
| Cash at bank and in hand | 54/58 | €2,298,348 | €3,132,188 | +€833,840 | +36.3% |
| Deferred charges and accrued income | 490/1 | €387,195 | €293,480 | -€93,715 | -24.2% |
| Total equity and liabilities | 10/49 | €40,026,189 | €45,228,175 | +€5.2m | +13.0% |
| Equity | 10/15 | €25,133,494 | €27,899,370 | +€2.8m | +11.0% |
| Contributions | 10/11 | €6,793,381 | €6,793,381 | = | 0.0% |
| Capital | 10 | €6,793,381 | €6,793,381 | = | 0.0% |
| Reserves | 13 | €4,213,461 | €4,213,461 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,746 | €442,221 | +€206,475 | +87.6% |
| Investment grants | 15 | €13,890,905 | €16,450,306 | +€2.6m | +18.4% |
| Amounts payable | 17/49 | €14,892,695 | €17,328,805 | +€2.4m | +16.4% |
| Amounts payable after more than one year | 17 | €8,257,852 | €8,403,801 | +€145,949 | +1.8% |
| Financial debts | 170/4 | €8,257,852 | €8,403,801 | +€145,949 | +1.8% |
| Leasing and similar obligations | 172 | €6,775,312 | €6,572,415 | -€202,897 | -3.0% |
| Credit institutions | 173 | €1,429,000 | €1,826,506 | +€397,506 | +27.8% |
| Other loans | 174 | €53,540 | €4,880 | -€48,660 | -90.9% |
| Amounts payable within one year | 42/48 | €911,272 | €2,436,767 | +€1.5m | +167.4% |
| Current portion of amounts payable after more than one year | 42 | €355,185 | €371,775 | +€16,590 | +4.7% |
| Trade debts | 44 | €483,356 | €1,471,395 | +€988,039 | +204.4% |
| Suppliers | 440/4 | €483,356 | €1,471,395 | +€988,039 | +204.4% |
| Advances received on contracts in progress | 46 | - | €477,591 | +€477,591 | |
| Taxes, remuneration and social security | 45 | €72,731 | €115,506 | +€42,775 | +58.8% |
| Taxes | 450/3 | €5,429 | €19,805 | +€14,375 | +264.8% |
| Remuneration and social security | 454/9 | €67,302 | €95,702 | +€28,400 | +42.2% |
| Accrued charges and deferred income | 492/3 | €5,723,572 | €6,488,238 | +€764,666 | +13.4% |
| Operating income | 70/76A | €60,363,401 | €61,553,522 | +€1.2m | +2.0% |
| Turnover | 70 | €1,655,563 | €2,423,390 | +€767,827 | +46.4% |
| Other operating income | 74 | €423,313 | €530,551 | +€107,238 | +25.3% |
| Non-recurring operating income | 76A | €610 | €776 | +€166 | +27.3% |
| Operating charges | 60/66A | €60,075,743 | €60,940,569 | +€864,826 | +1.4% |
| Goods for resale, raw materials and consumables | 60 | €555,649 | €441,775 | -€113,874 | -20.5% |
| Purchases | 600/8 | €482,941 | €454,442 | -€28,499 | -5.9% |
| Change in stocks: decrease (increase) | 609 | €72,708 | -€12,667 | -€85,375 | |
| Services and other goods | 61 | €6,908,526 | €6,657,137 | -€251,389 | -3.6% |
| Remuneration, social security and pensions | 62 | €50,977,772 | €51,101,016 | +€123,244 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500,182 | €2,227,679 | +€727,497 | +48.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,469 | €16,178 | -€5,291 | -24.6% |
| Other operating charges | 640/8 | €108,736 | €143,633 | +€34,897 | +32.1% |
| Non-recurring operating charges | 66A | €3,408 | €353,151 | +€349,743 | +10262.2% |
| Operating profit (loss) | 9901 | €287,657 | €612,952 | +€325,295 | +113.1% |
| Financial income | 75/76B | €200 | €22,844 | +€22,644 | +11327.3% |
| Recurring financial income | 75 | €200 | €22,844 | +€22,644 | +11327.3% |
| Income from current assets | 751 | - | €22,719 | +€22,719 | |
| Other financial income | 752/9 | €200 | €126 | -€74 | -37.1% |
| Financial charges | 65/66B | €419,417 | €429,322 | +€9,905 | +2.4% |
| Recurring financial charges | 65 | €419,417 | €429,322 | +€9,905 | +2.4% |
| Debt charges | 650 | €415,809 | €410,026 | -€5,782 | -1.4% |
| Other financial charges | 652/9 | €3,608 | €19,295 | +€15,687 | +434.8% |
| Profit (loss) for the period before taxes | 9903 | -€131,559 | €206,475 | +€338,034 | |
| Profit (loss) for the period | 9904 | -€131,559 | €206,475 | +€338,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€131,559 | €206,475 | +€338,034 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.