ARCADIE: 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.
ARCADIE
Largest movements
- Receivables within one year +€362,232
up €362,232 (+35.6%), from €1.0m to €1.4m
of which Other amounts receivable: +€323,823
- Cash -€308,419
down €308,419 (-89.7%), from €343,775 to €35,356
mainly Receivables within one year (-€362,232) and Accrued charges and deferred income (-€99,026)
- Intangible fixed assets -€65,533
down €65,533 (-43.0%), from €152,295 to €86,763
- Tangible fixed assets -€25,988
down €25,988 (-10.1%), from €257,866 to €231,878
of which Other tangible fixed assets: -€33,682
- Profit (loss) carried forward +€137,556
up €137,556 (+20.5%), from €671,896 to €809,452
- Accrued charges and deferred income -€99,026
down €99,026 (-30.0%), from €330,597 to €231,571
- Tax, wage and social debts -€81,109
down €81,109 (-20.1%), from €402,649 to €321,539
of which Taxes: -€59,222
- Other operating charges -€197,886
down €197,886 (-81.5%), from €242,887 to €45,001
- Depreciation +€126,236
up €126,236 (+1,969%), from €6,413 to €132,649
- Gross operating margin -€36,647
down €36,647 (-3.1%), from €1.2m to €1.2m
- Financial charges +€19,237
up €19,237 (+56.4%), from €34,089 to €53,325
- Taxes -€18,022
down €18,022 (-14.6%), from €123,191 to €105,169
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 | €1,778,007 | €1,737,741 | -€40,265 | -2.3% |
| Fixed assets | 21/28 | €410,161 | €318,640 | -€91,521 | -22.3% |
| Intangible fixed assets | 21 | €152,295 | €86,763 | -€65,533 | -43.0% |
| Tangible fixed assets | 22/27 | €257,866 | €231,878 | -€25,988 | -10.1% |
| Plant, machinery and equipment | 23 | - | €7,693 | +€7,693 | |
| Other tangible fixed assets | 26 | €257,866 | €224,185 | -€33,682 | -13.1% |
| Current assets | 29/58 | €1,367,845 | €1,419,101 | +€51,256 | +3.7% |
| Stocks and contracts in progress | 3 | €2,340 | €2,830 | +€489 | +20.9% |
| Stocks | 30/36 | €2,340 | €2,830 | +€489 | +20.9% |
| Amounts receivable within one year | 40/41 | €1,018,683 | €1,380,915 | +€362,232 | +35.6% |
| Trade receivables | 40 | €859 | €39,269 | +€38,409 | +4,469% |
| Other amounts receivable | 41 | €1,017,824 | €1,341,646 | +€323,823 | +31.8% |
| Cash at bank and in hand | 54/58 | €343,775 | €35,356 | -€308,419 | -89.7% |
| Deferred charges and accrued income | 490/1 | €3,047 | €0 | -€3,047 | -100% |
| Total equity and liabilities | 10/49 | €1,778,007 | €1,737,741 | -€40,265 | -2.3% |
| Equity | 10/15 | €749,303 | €886,859 | +€137,556 | +18.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €671,896 | €809,452 | +€137,556 | +20.5% |
| Investment grants | 15 | €9,207 | €9,207 | = | 0.0% |
| Amounts payable | 17/49 | €1,028,704 | €850,882 | -€177,822 | -17.3% |
| Amounts payable within one year | 42/48 | €698,107 | €619,311 | -€78,796 | -11.3% |
| Trade debts | 44 | €161,300 | €175,806 | +€14,506 | +9.0% |
| Suppliers | 440/4 | €161,300 | €175,806 | +€14,506 | +9.0% |
| Taxes, remuneration and social security | 45 | €402,649 | €321,539 | -€81,109 | -20.1% |
| Taxes | 450/3 | €358,497 | €299,275 | -€59,222 | -16.5% |
| Remuneration and social security | 454/9 | €44,152 | €22,265 | -€21,887 | -49.6% |
| Other amounts payable | 47/48 | €134,158 | €121,966 | -€12,192 | -9.1% |
| Accrued charges and deferred income | 492/3 | €330,597 | €231,571 | -€99,026 | -30.0% |
| Remuneration, social security and pensions | 62 | €686,016 | €669,705 | -€16,311 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,413 | €132,649 | +€126,236 | +1,969% |
| Other operating charges | 640/8 | €242,887 | €45,001 | -€197,886 | -81.5% |
| Non-recurring operating charges | 66A | €16,432 | €9,699 | -€6,732 | -41.0% |
| Gross operating margin | 9900 | €1,189,752 | €1,153,105 | -€36,647 | -3.1% |
| Operating profit (loss) | 9901 | €238,005 | €296,051 | +€58,046 | +24.4% |
| Financial charges | 65/66B | €34,089 | €53,325 | +€19,237 | +56.4% |
| Recurring financial charges | 65 | €34,089 | €53,325 | +€19,237 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | €203,916 | €242,726 | +€38,810 | +19.0% |
| Income taxes | 67/77 | €123,191 | €105,169 | -€18,022 | -14.6% |
| Profit (loss) for the period | 9904 | €80,725 | €137,556 | +€56,831 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,725 | €137,556 | +€56,831 | +70.4% |
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 18 October 2026 via checked.be.