ARCADIA: 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.
What changed
ARCADIA
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€62,911
2024 · -€80,293+€17,382
Equity
€3.7m
2024 · €3.7m-€62,911
Cash
€14,442
2024 · -+€14,442
Balance sheet total
€6.7m
2024 · €6.8m-€194,087
Largest movements
Assets
- Tangible fixed assets -€211,901
down €211,901 (-3.1%), from €6.8m to €6.6m
of which Furniture and vehicles: -€119,687
Equity and liabilities
- Short-term financial debts +€192,237
up €192,237 (+21.2%), from €907,763 to €1.1m
- Debts after one year -€157,671
down €157,671 (-11.2%), from €1.4m to €1.3m
- Tax, wage and social debts -€137,362
down €137,362 (-77.7%), from €176,701 to €39,339
Income statement
- Gross operating margin -€150,740
down €150,740 (-44.3%), from €340,003 to €189,264
- Other operating charges -€129,098
down €129,098 (-77.2%), from €167,158 to €38,061
- Depreciation -€28,846
down €28,846 (-20.9%), from €138,337 to €109,491
- Financial charges -€20,201
down €20,201 (-16.5%), from €122,382 to €102,181
- Taxes +€5,682
new in 2025: €5,682
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
-€80,293
Gross operating margin
-€150,740
Depreciation
+€28,846
Other operating charges
+€129,098
Financial income
+€2,115
Financial charges
+€20,201
Taxes
-€5,682
Deferred taxes and other
-€6,455
Result 2025
-€62,911
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€92,372
Investment
+€102,410
Financing
+€4,404
Cash 2024
€0
From operations (derived)
-€92,372
Net result for the year
-€62,911
Depreciation
+€109,491
Receivables within one year
-€3,372
Trade debts
-€12,842
Tax, wage and social debts
-€137,362
Advances received
-€22,536
Other debts
+€37,161
Investment (derived)
+€102,410
Investment in fixed assets (net)
+€102,410
Financing
+€4,404
Debts after one year
-€157,671
Current portion of long-term debt
-€30,162
Short-term financial debts
+€192,237
Cash 2025
€14,442
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,844,785 | €6,650,698 | -€194,087 | -2.8% |
| Fixed assets | 21/28 | €6,841,785 | €6,629,883 | -€211,901 | -3.1% |
| Tangible fixed assets | 22/27 | €6,841,785 | €6,629,883 | -€211,901 | -3.1% |
| Land and buildings | 22 | €6,541,353 | €6,460,318 | -€81,035 | -1.2% |
| Plant, machinery and equipment | 23 | €22,336 | €11,156 | -€11,180 | -50.1% |
| Furniture and vehicles | 24 | €278,096 | €158,409 | -€119,687 | -43.0% |
| Current assets | 29/58 | €3,000 | €20,815 | +€17,815 | +594% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €3,372 | +€3,372 | |
| Trade receivables | 40 | - | €3,372 | +€3,372 | |
| Cash at bank and in hand | 54/58 | - | €14,442 | +€14,442 | |
| Total equity and liabilities | 10/49 | €6,844,785 | €6,650,698 | -€194,087 | -2.8% |
| Equity | 10/15 | €3,715,603 | €3,652,692 | -€62,911 | -1.7% |
| Contributions | 10/11 | €1,691,205 | €1,691,205 | = | 0.0% |
| Reserves | 13 | €2,024,398 | €1,961,487 | -€62,911 | -3.1% |
| Tax-exempt reserves | 132 | €59,446 | €59,446 | = | 0.0% |
| Distributable reserves | 133 | €1,964,952 | €1,902,041 | -€62,911 | -3.2% |
| Amounts payable | 17/49 | €3,129,182 | €2,998,006 | -€131,175 | -4.2% |
| Amounts payable after more than one year | 17 | €1,413,182 | €1,255,511 | -€157,671 | -11.2% |
| Financial debts | 170/4 | €1,413,182 | €1,255,511 | -€157,671 | -11.2% |
| Amounts payable within one year | 42/48 | €1,716,000 | €1,742,496 | +€26,496 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €186,146 | €155,984 | -€30,162 | -16.2% |
| Financial debts | 43 | €907,763 | €1,100,000 | +€192,237 | +21.2% |
| Credit institutions | 430/8 | €907,763 | €1,100,000 | +€192,237 | +21.2% |
| Trade debts | 44 | €12,842 | - | -€12,842 | |
| Suppliers | 440/4 | €12,842 | - | -€12,842 | |
| Advances received on contracts in progress | 46 | €22,536 | - | -€22,536 | |
| Taxes, remuneration and social security | 45 | €176,701 | €39,339 | -€137,362 | -77.7% |
| Taxes | 450/3 | €176,701 | €39,339 | -€137,362 | -77.7% |
| Other amounts payable | 47/48 | €410,012 | €447,173 | +€37,161 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,337 | €109,491 | -€28,846 | -20.9% |
| Other operating charges | 640/8 | €167,158 | €38,061 | -€129,098 | -77.2% |
| Gross operating margin | 9900 | €340,003 | €189,264 | -€150,740 | -44.3% |
| Operating profit (loss) | 9901 | €34,508 | €41,712 | +€7,204 | +20.9% |
| Financial income | 75/76B | €1,126 | €3,240 | +€2,115 | +188% |
| Recurring financial income | 75 | €1,126 | €3,240 | +€2,115 | +188% |
| Financial charges | 65/66B | €122,382 | €102,181 | -€20,201 | -16.5% |
| Recurring financial charges | 65 | €122,382 | €102,181 | -€20,201 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€86,748 | -€57,229 | +€29,519 | +34.0% |
| Transfer from deferred taxes | 780 | €6,455 | - | -€6,455 | |
| Income taxes | 67/77 | - | €5,682 | +€5,682 | |
| Profit (loss) for the period | 9904 | -€80,293 | -€62,911 | +€17,382 | +21.6% |
| Transfer from tax-exempt reserves | 789 | €12,535 | - | -€12,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,758 | -€62,911 | +€4,847 | +7.2% |
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.