ARCADT: 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.
ARCADT
Largest movements
- Receivables within one year +€69,406
up €69,406 (+155.2%), from €44,717 to €114,122
of which Other amounts receivable: +€69,081
- Current investments -€63,328
down €63,328 (-52.6%), from €120,465 to €57,138
- Cash +€18,769
up €18,769 (+42.2%), from €44,439 to €63,207
mainly Current investments (+€63,328) and Net result for the year (+€46,756)
- Reserves +€13,980
up €13,980 (+8.3%), from €167,803 to €181,783
- Tax, wage and social debts +€12,573
up €12,573 (+81.6%), from €15,412 to €27,985
- Current portion of long-term debt -€3,334
down €3,334 (-100.0%), from €3,334 to €0
- Financial charges +€62,160
up €62,160 (+709.7%), from €8,759 to €70,919
- Financial income +€36,848
up €36,848 (+98.4%), from €37,463 to €74,311
- Gross operating margin +€4,625
up €4,625 (+7.1%), from €65,469 to €70,094
- Taxes +€4,603
up €4,603 (+23.4%), from €19,697 to €24,300
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 | €216,414 | €237,741 | +€21,327 | +9.9% |
| Fixed assets | 21/28 | €4,793 | €3,274 | -€1,520 | -31.7% |
| Tangible fixed assets | 22/27 | €3,793 | €2,274 | -€1,520 | -40.1% |
| Plant, machinery and equipment | 23 | €3,378 | €1,858 | -€1,520 | -45.0% |
| Furniture and vehicles | 24 | €416 | €416 | = | 0.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €211,621 | €234,467 | +€22,847 | +10.8% |
| Amounts receivable within one year | 40/41 | €44,717 | €114,122 | +€69,406 | +155.2% |
| Trade receivables | 40 | €10,800 | €11,125 | +€325 | +3.0% |
| Other amounts receivable | 41 | €33,917 | €102,997 | +€69,081 | +203.7% |
| Current investments | 50/53 | €120,465 | €57,138 | -€63,328 | -52.6% |
| Cash at bank and in hand | 54/58 | €44,439 | €63,207 | +€18,769 | +42.2% |
| Deferred charges and accrued income | 490/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Total equity and liabilities | 10/49 | €216,414 | €237,741 | +€21,327 | +9.9% |
| Equity | 10/15 | €180,203 | €194,183 | +€13,980 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €167,803 | €181,783 | +€13,980 | +8.3% |
| Distributable reserves | 133 | €167,803 | €181,783 | +€13,980 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,211 | €43,558 | +€7,347 | +20.3% |
| Amounts payable within one year | 42/48 | €36,211 | €43,558 | +€7,347 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €3,334 | €0 | -€3,334 | -100.0% |
| Trade debts | 44 | €17,465 | €15,573 | -€1,892 | -10.8% |
| Suppliers | 440/4 | €17,465 | €15,573 | -€1,892 | -10.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,412 | €27,985 | +€12,573 | +81.6% |
| Taxes | 450/3 | €15,412 | €27,985 | +€12,573 | +81.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €1,520 | -€355 | -18.9% |
| Other operating charges | 640/8 | €695 | €910 | +€216 | +31.1% |
| Gross operating margin | 9900 | €65,469 | €70,094 | +€4,625 | +7.1% |
| Operating profit (loss) | 9901 | €62,899 | €67,664 | +€4,765 | +7.6% |
| Financial income | 75/76B | €37,463 | €74,311 | +€36,848 | +98.4% |
| Recurring financial income | 75 | €37,463 | €74,311 | +€36,848 | +98.4% |
| Financial charges | 65/66B | €8,759 | €70,919 | +€62,160 | +709.7% |
| Recurring financial charges | 65 | €8,759 | €70,919 | +€62,160 | +709.7% |
| Profit (loss) for the period before taxes | 9903 | €91,603 | €71,056 | -€20,548 | -22.4% |
| Income taxes | 67/77 | €19,697 | €24,300 | +€4,603 | +23.4% |
| Profit (loss) for the period | 9904 | €71,906 | €46,756 | -€25,150 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,906 | €46,756 | -€25,150 | -35.0% |
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 9 October 2026 via checked.be.