ARCADINE: 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.
ARCADINE
Largest movements
- Cash -€132,681
down €132,681 (-96.9%), from €136,900 to €4,220
mainly Debts after one year (-€258,104) and Receivables within one year (-€132,342)
- Receivables within one year +€132,342
up €132,342 (+56.3%), from €235,239 to €367,580
of which Other amounts receivable: +€116,608
- Tangible fixed assets -€120,988
down €120,988 (-4.6%), from €2.6m to €2.5m
of which Land and buildings: -€60,988
- Debts after one year -€258,104
down €258,104 (-57.0%), from €453,075 to €194,971
of which Financial debts: -€258,104
- Other debts +€215,170
up €215,170 (+15.6%), from €1.4m to €1.6m
- Current portion of long-term debt -€42,497
down €42,497 (-12.2%), from €348,600 to €306,104
- Accrued charges and deferred income -€36,269
down €36,269 (-5.9%), from €616,578 to €580,309
- Gross operating margin -€23,479
down €23,479 (-9.6%), from €245,672 to €222,194
- Financial charges -€9,229
down €9,229 (-10.1%), from €91,290 to €82,061
- Other operating charges +€5,786
up €5,786 (+20.9%), from €27,700 to €33,486
- Taxes -€3,930
down €3,930 (-99.4%), from €3,955 to €25
- Depreciation +€3,544
up €3,544 (+2.6%), from €137,302 to €140,846
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 | €3,588,510 | €3,467,183 | -€121,327 | -3.4% |
| Fixed assets | 21/28 | €3,216,371 | €3,095,383 | -€120,988 | -3.8% |
| Tangible fixed assets | 22/27 | €2,616,371 | €2,495,383 | -€120,988 | -4.6% |
| Land and buildings | 22 | €1,596,371 | €1,535,383 | -€60,988 | -3.8% |
| Leasing and similar rights | 25 | €1,020,000 | €960,000 | -€60,000 | -5.9% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €372,139 | €371,800 | -€339 | -0.1% |
| Amounts receivable within one year | 40/41 | €235,239 | €367,580 | +€132,342 | +56.3% |
| Trade receivables | 40 | €24,397 | €40,130 | +€15,734 | +64.5% |
| Other amounts receivable | 41 | €210,842 | €327,450 | +€116,608 | +55.3% |
| Cash at bank and in hand | 54/58 | €136,900 | €4,220 | -€132,681 | -96.9% |
| Total equity and liabilities | 10/49 | €3,588,510 | €3,467,183 | -€121,327 | -3.4% |
| Equity | 10/15 | €719,752 | €701,528 | -€18,225 | -2.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €118,505 | €111,646 | -€6,859 | -5.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €116,605 | €109,746 | -€6,859 | -5.9% |
| Profit (loss) carried forward | 14 | €582,247 | €570,881 | -€11,366 | -2.0% |
| Provisions and deferred taxes | 16 | €60,069 | €56,536 | -€3,533 | -5.9% |
| Deferred taxes | 168 | €60,069 | €56,536 | -€3,533 | -5.9% |
| Amounts payable | 17/49 | €2,808,688 | €2,709,119 | -€99,569 | -3.5% |
| Amounts payable after more than one year | 17 | €453,075 | €194,971 | -€258,104 | -57.0% |
| Financial debts | 170/4 | €352,845 | €94,742 | -€258,104 | -73.1% |
| Other amounts payable | 178/9 | €100,230 | €100,230 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,739,035 | €1,933,839 | +€194,804 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €348,600 | €306,104 | -€42,497 | -12.2% |
| Trade debts | 44 | €3,735 | €29,647 | +€25,911 | +693.7% |
| Suppliers | 440/4 | €3,735 | €29,647 | +€25,911 | +693.7% |
| Taxes, remuneration and social security | 45 | €6,708 | €2,928 | -€3,781 | -56.4% |
| Taxes | 450/3 | €6,708 | €2,928 | -€3,781 | -56.4% |
| Other amounts payable | 47/48 | €1,379,991 | €1,595,162 | +€215,170 | +15.6% |
| Accrued charges and deferred income | 492/3 | €616,578 | €580,309 | -€36,269 | -5.9% |
| Non-recurring operating income | 76A | - | €22,662 | +€22,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,302 | €140,846 | +€3,544 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €27,700 | €33,486 | +€5,786 | +20.9% |
| Non-recurring operating charges | 66A | €152 | €0 | -€152 | -100.0% |
| Gross operating margin | 9900 | €245,672 | €222,194 | -€23,479 | -9.6% |
| Operating profit (loss) | 9901 | €80,518 | €47,862 | -€32,655 | -40.6% |
| Financial income | 75/76B | €15,201 | €12,465 | -€2,736 | -18.0% |
| Recurring financial income | 75 | €15,201 | €12,465 | -€2,736 | -18.0% |
| Financial charges | 65/66B | €91,290 | €82,061 | -€9,229 | -10.1% |
| Recurring financial charges | 65 | €91,290 | €82,061 | -€9,229 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €4,429 | -€21,733 | -€26,162 | |
| Transfer from deferred taxes | 780 | €3,533 | €3,533 | = | 0.0% |
| Income taxes | 67/77 | €3,955 | €25 | -€3,930 | -99.4% |
| Profit (loss) for the period | 9904 | €4,007 | -€18,225 | -€22,232 | |
| Transfer from tax-exempt reserves | 789 | €6,859 | €6,859 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,866 | -€11,366 | -€22,232 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.