ARCADIUS: 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.
ARCADIUS
Largest movements
- Cash -€57,463
down €57,463 (-40.3%), from €142,669 to €85,205
mainly Contributions, distributions and other (-€110,000) and Receivables within one year (-€3,722)
- Deferred charges and accrued income -€12,466
down €12,466 (-47.5%), from €26,241 to €13,774
- Tangible fixed assets -€8,997
down €8,997 (-53.7%), from €16,744 to €7,747
- Receivables within one year +€3,722
up €3,722 (+6.2%), from €60,438 to €64,160
of which Trade receivables: +€27,711
- Reserves -€110,000
down €110,000 (-89.5%), from €122,874 to €12,874
of which Distributable reserves: -€110,000
- Profit (loss) carried forward +€16,685
up €16,685 (+18.9%), from €88,191 to €104,876
- Tax, wage and social debts +€15,340
new in 2025: €15,340
- Trade debts +€2,841
up €2,841 (+14.0%), from €20,245 to €23,086
- Gross operating margin -€1,360
down €1,360 (-4.1%), from €33,563 to €32,203
- Depreciation -€721
down €721 (-7.4%), from €9,718 to €8,997
- Taxes +€420
up €420 (+7.6%), from €5,500 to €5,920
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 | €250,216 | €175,012 | -€75,204 | -30.1% |
| Fixed assets | 21/28 | €20,869 | €11,872 | -€8,997 | -43.1% |
| Tangible fixed assets | 22/27 | €16,744 | €7,747 | -€8,997 | -53.7% |
| Furniture and vehicles | 24 | €16,744 | €7,747 | -€8,997 | -53.7% |
| Financial fixed assets | 28 | €4,125 | €4,125 | = | 0.0% |
| Current assets | 29/58 | €229,348 | €163,140 | -€66,208 | -28.9% |
| Amounts receivable within one year | 40/41 | €60,438 | €64,160 | +€3,722 | +6.2% |
| Trade receivables | 40 | €33,349 | €61,060 | +€27,711 | +83.1% |
| Other amounts receivable | 41 | €27,089 | €3,100 | -€23,989 | -88.6% |
| Cash at bank and in hand | 54/58 | €142,669 | €85,205 | -€57,463 | -40.3% |
| Deferred charges and accrued income | 490/1 | €26,241 | €13,774 | -€12,466 | -47.5% |
| Total equity and liabilities | 10/49 | €250,216 | €175,012 | -€75,204 | -30.1% |
| Equity | 10/15 | €229,657 | €136,342 | -€93,314 | -40.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €122,874 | €12,874 | -€110,000 | -89.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €122,874 | €12,874 | -€110,000 | -89.5% |
| Profit (loss) carried forward | 14 | €88,191 | €104,876 | +€16,685 | +18.9% |
| Amounts payable | 17/49 | €20,560 | €38,670 | +€18,110 | +88.1% |
| Amounts payable within one year | 42/48 | €20,245 | €38,477 | +€18,232 | +90.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €20,245 | €23,086 | +€2,841 | +14.0% |
| Suppliers | 440/4 | €20,245 | €23,086 | +€2,841 | +14.0% |
| Taxes, remuneration and social security | 45 | - | €15,340 | +€15,340 | |
| Taxes | 450/3 | - | €15,340 | +€15,340 | |
| Other amounts payable | 47/48 | €0 | €51 | +€51 | |
| Accrued charges and deferred income | 492/3 | €315 | €193 | -€122 | -38.8% |
| Non-recurring operating income | 76A | €8,800 | €0 | -€8,800 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,718 | €8,997 | -€721 | -7.4% |
| Other operating charges | 640/8 | €549 | €547 | -€2 | -0.3% |
| Gross operating margin | 9900 | €33,563 | €32,203 | -€1,360 | -4.1% |
| Operating profit (loss) | 9901 | €23,297 | €22,659 | -€637 | -2.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €54 | €54 | -€0 | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €23,243 | €22,606 | -€637 | -2.7% |
| Income taxes | 67/77 | €5,500 | €5,920 | +€420 | +7.6% |
| Profit (loss) for the period | 9904 | €17,743 | €16,685 | -€1,057 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,743 | €16,685 | -€1,057 | -6.0% |
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 10 October 2026 via checked.be.