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.
ARCADIA
Largest movements
- Tangible fixed assets -€16,146
down €16,146 (-7.0%), from €229,904 to €213,758
- Other debts -€15,236
down €15,236 (-17.6%), from €86,388 to €71,152
- Profit (loss) carried forward +€6,247
up €6,247 (+41.3%), from €15,132 to €21,379
- Current portion of long-term debt -€4,842
no longer reported in 2025 (was €4,842)
- Gross operating margin +€5,483
up €5,483 (+21.0%), from €26,128 to €31,611
- Other operating charges -€1,604
down €1,604 (-17.7%), from €9,064 to €7,460
- Taxes +€1,578
up €1,578 (+876.7%), from €180 to €1,758
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 | €233,977 | €220,146 | -€13,831 | -5.9% |
| Fixed assets | 21/28 | €229,904 | €213,758 | -€16,146 | -7.0% |
| Tangible fixed assets | 22/27 | €229,904 | €213,758 | -€16,146 | -7.0% |
| Land and buildings | 22 | €229,904 | €213,758 | -€16,146 | -7.0% |
| Current assets | 29/58 | €4,073 | €6,388 | +€2,315 | +56.8% |
| Cash at bank and in hand | 54/58 | €4,073 | €6,388 | +€2,315 | +56.8% |
| Total equity and liabilities | 10/49 | €233,977 | €220,146 | -€13,831 | -5.9% |
| Equity | 10/15 | €142,747 | €148,994 | +€6,247 | +4.4% |
| Contributions | 10/11 | €116,014 | €116,014 | = | 0.0% |
| Capital | 10 | €116,014 | €116,014 | = | 0.0% |
| Issued capital | 100 | €116,014 | €116,014 | = | 0.0% |
| Reserves | 13 | €11,601 | €11,601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,601 | €11,601 | = | 0.0% |
| Legal reserve | 130 | €11,601 | €11,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,132 | €21,379 | +€6,247 | +41.3% |
| Amounts payable | 17/49 | €91,230 | €71,152 | -€20,078 | -22.0% |
| Amounts payable within one year | 42/48 | €91,230 | €71,152 | -€20,078 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €4,842 | - | -€4,842 | |
| Other amounts payable | 47/48 | €86,388 | €71,152 | -€15,236 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,343 | €16,146 | -€197 | -1.2% |
| Other operating charges | 640/8 | €9,064 | €7,460 | -€1,604 | -17.7% |
| Gross operating margin | 9900 | €26,128 | €31,611 | +€5,483 | +21.0% |
| Operating profit (loss) | 9901 | €721 | €8,005 | +€7,284 | +1010.3% |
| Profit (loss) for the period before taxes | 9903 | €721 | €8,005 | +€7,284 | +1010.3% |
| Income taxes | 67/77 | €180 | €1,758 | +€1,578 | +876.7% |
| Profit (loss) for the period | 9904 | €541 | €6,247 | +€5,706 | +1054.7% |
| Profit (loss) for the period to be appropriated | 9905 | €541 | €6,247 | +€5,706 | +1054.7% |
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 2 October 2026 via checked.be.