ARCADY: 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.
ARCADY
Largest movements
- Cash +€64,088
up €64,088 (+95.0%), from €67,496 to €131,583
mainly Net result for the year (+€60,212) and Depreciation (+€19,820)
- Tangible fixed assets -€16,685
down €16,685 (-14.3%), from €116,287 to €99,603
of which Other tangible fixed assets: -€16,794
- Reserves +€60,212
up €60,212 (+13.8%), from €434,875 to €495,087
of which Distributable reserves: +€60,212
- Tax, wage and social debts -€13,990
down €13,990 (-67.6%), from €20,684 to €6,694
- Gross operating margin -€50,666
down €50,666 (-39.7%), from €127,667 to €77,001
- Taxes -€29,045
down €29,045 (-97.9%), from €29,670 to €625
- Financial income +€2,743
up €2,743 (+189.9%), from €1,444 to €4,187
- Financial charges +€1,733
up €1,733, from -€1,601 to €132
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 | €541,012 | €587,467 | +€46,455 | +8.6% |
| Fixed assets | 21/28 | €136,587 | €119,903 | -€16,685 | -12.2% |
| Tangible fixed assets | 22/27 | €116,287 | €99,603 | -€16,685 | -14.3% |
| Furniture and vehicles | 24 | €4,562 | €4,671 | +€109 | +2.4% |
| Other tangible fixed assets | 26 | €111,726 | €94,932 | -€16,794 | -15.0% |
| Financial fixed assets | 28 | €20,300 | €20,300 | = | 0.0% |
| Current assets | 29/58 | €404,425 | €467,565 | +€63,140 | +15.6% |
| Amounts receivable within one year | 40/41 | €80,698 | €76,901 | -€3,797 | -4.7% |
| Trade receivables | 40 | €80,149 | €76,851 | -€3,298 | -4.1% |
| Other amounts receivable | 41 | €549 | €50 | -€499 | -90.9% |
| Current investments | 50/53 | €255,245 | €257,821 | +€2,576 | +1.0% |
| Cash at bank and in hand | 54/58 | €67,496 | €131,583 | +€64,088 | +95.0% |
| Deferred charges and accrued income | 490/1 | €986 | €1,259 | +€273 | +27.7% |
| Total equity and liabilities | 10/49 | €541,012 | €587,467 | +€46,455 | +8.6% |
| Equity | 10/15 | €514,875 | €575,087 | +€60,212 | +11.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €434,875 | €495,087 | +€60,212 | +13.8% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €426,875 | €487,087 | +€60,212 | +14.1% |
| Amounts payable | 17/49 | €26,137 | €12,381 | -€13,757 | -52.6% |
| Amounts payable within one year | 42/48 | €26,137 | €12,293 | -€13,844 | -53.0% |
| Trade debts | 44 | €1,031 | €1,180 | +€150 | +14.5% |
| Suppliers | 440/4 | €1,031 | €1,180 | +€150 | +14.5% |
| Taxes, remuneration and social security | 45 | €20,684 | €6,694 | -€13,990 | -67.6% |
| Taxes | 450/3 | €20,684 | €6,694 | -€13,990 | -67.6% |
| Other amounts payable | 47/48 | €4,423 | €4,419 | -€4 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €88 | +€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,624 | €19,820 | +€196 | +1.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €127,667 | €77,001 | -€50,666 | -39.7% |
| Operating profit (loss) | 9901 | €107,656 | €56,781 | -€50,874 | -47.3% |
| Financial income | 75/76B | €1,444 | €4,187 | +€2,743 | +189.9% |
| Recurring financial income | 75 | €1,444 | €4,187 | +€2,743 | +189.9% |
| Financial charges | 65/66B | -€1,601 | €132 | +€1,733 | |
| Recurring financial charges | 65 | -€1,601 | €132 | +€1,733 | |
| Profit (loss) for the period before taxes | 9903 | €110,701 | €60,837 | -€49,864 | -45.0% |
| Income taxes | 67/77 | €29,670 | €625 | -€29,045 | -97.9% |
| Profit (loss) for the period | 9904 | €81,032 | €60,212 | -€20,820 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,032 | €60,212 | -€20,820 | -25.7% |
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 7 October 2026 via checked.be.