ARCALE: 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.
ARCALE
Largest movements
- Tangible fixed assets +€32,026
up €32,026 (+56.8%), from €56,360 to €88,386
of which Furniture and vehicles: +€30,359
- Receivables within one year +€19,227
up €19,227 (+11.5%), from €166,778 to €186,005
of which Trade receivables: +€11,088
- Deferred charges and accrued income -€12,771
down €12,771 (-82.7%), from €15,441 to €2,670
- Cash -€10,314
down €10,314 (-12.7%), from €80,937 to €70,623
mainly Investment in fixed assets (net) (-€63,262) and Trade debts (-€22,432)
- Profit (loss) carried forward +€24,747
up €24,747 (+16.0%), from €154,880 to €179,627
- Trade debts -€22,432
down €22,432 (-24.4%), from €92,089 to €69,657
- Debts after one year +€21,015
up €21,015 (+60.0%), from €35,042 to €56,057
- Tax, wage and social debts -€9,658
down €9,658 (-22.2%), from €43,426 to €33,768
of which Remuneration and social security: -€5,757
- Current portion of long-term debt +€9,321
up €9,321 (+48.2%), from €19,319 to €28,640
- Gross operating margin +€122,719
up €122,719 (+27.6%), from €445,258 to €567,977
- Staff costs +€93,038
up €93,038 (+24.0%), from €388,439 to €481,477
- Write-downs +€17,728
new in 2025: €17,728
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 | €355,216 | €380,179 | +€24,963 | +7.0% |
| Fixed assets | 21/28 | €61,210 | €93,236 | +€32,026 | +52.3% |
| Tangible fixed assets | 22/27 | €56,360 | €88,386 | +€32,026 | +56.8% |
| Plant, machinery and equipment | 23 | - | €1,667 | +€1,667 | |
| Furniture and vehicles | 24 | €56,360 | €86,719 | +€30,359 | +53.9% |
| Financial fixed assets | 28 | €4,850 | €4,850 | = | 0.0% |
| Current assets | 29/58 | €294,006 | €286,943 | -€7,063 | -2.4% |
| Stocks and contracts in progress | 3 | €30,850 | €27,645 | -€3,205 | -10.4% |
| Contracts in progress | 37 | €30,850 | €27,645 | -€3,205 | -10.4% |
| Amounts receivable within one year | 40/41 | €166,778 | €186,005 | +€19,227 | +11.5% |
| Trade receivables | 40 | €78,225 | €89,313 | +€11,088 | +14.2% |
| Other amounts receivable | 41 | €88,553 | €96,692 | +€8,139 | +9.2% |
| Cash at bank and in hand | 54/58 | €80,937 | €70,623 | -€10,314 | -12.7% |
| Deferred charges and accrued income | 490/1 | €15,441 | €2,670 | -€12,771 | -82.7% |
| Total equity and liabilities | 10/49 | €355,216 | €380,179 | +€24,963 | +7.0% |
| Equity | 10/15 | €162,940 | €187,687 | +€24,747 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,880 | €179,627 | +€24,747 | +16.0% |
| Amounts payable | 17/49 | €192,276 | €192,492 | +€216 | +0.1% |
| Amounts payable after more than one year | 17 | €35,042 | €56,057 | +€21,015 | +60.0% |
| Financial debts | 170/4 | €35,042 | €56,057 | +€21,015 | +60.0% |
| Amounts payable within one year | 42/48 | €154,834 | €132,065 | -€22,769 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €19,319 | €28,640 | +€9,321 | +48.2% |
| Trade debts | 44 | €92,089 | €69,657 | -€22,432 | -24.4% |
| Suppliers | 440/4 | €92,089 | €69,657 | -€22,432 | -24.4% |
| Taxes, remuneration and social security | 45 | €43,426 | €33,768 | -€9,658 | -22.2% |
| Taxes | 450/3 | €19,203 | €15,302 | -€3,901 | -20.3% |
| Remuneration and social security | 454/9 | €24,223 | €18,466 | -€5,757 | -23.8% |
| Accrued charges and deferred income | 492/3 | €2,400 | €4,370 | +€1,970 | +82.1% |
| Remuneration, social security and pensions | 62 | €388,439 | €481,477 | +€93,038 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,898 | €31,236 | -€1,662 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,728 | +€17,728 | |
| Other operating charges | 640/8 | €1,138 | €1,940 | +€802 | +70.5% |
| Non-recurring operating charges | 66A | €528 | - | -€528 | |
| Gross operating margin | 9900 | €445,258 | €567,977 | +€122,719 | +27.6% |
| Operating profit (loss) | 9901 | €22,255 | €35,596 | +€13,341 | +59.9% |
| Financial income | 75/76B | €18 | €85 | +€67 | +372.2% |
| Recurring financial income | 75 | €18 | €85 | +€67 | +372.2% |
| Financial charges | 65/66B | €3,514 | €4,390 | +€876 | +24.9% |
| Recurring financial charges | 65 | €3,514 | €4,073 | +€559 | +15.9% |
| Non-recurring financial charges | 66B | - | €317 | +€317 | |
| Profit (loss) for the period before taxes | 9903 | €18,759 | €31,291 | +€12,532 | +66.8% |
| Income taxes | 67/77 | €4,973 | €6,544 | +€1,571 | +31.6% |
| Profit (loss) for the period | 9904 | €13,786 | €24,747 | +€10,961 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,786 | €24,747 | +€10,961 | +79.5% |
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 29 September 2026 via checked.be.