ARCALO: 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.
ARCALO
Largest movements
- Tangible fixed assets -€63,472
down €63,472 (-9.9%), from €640,561 to €577,089
of which Land and buildings: -€63,366
- Cash +€26,389
up €26,389 (+139.8%), from €18,881 to €45,270
mainly Depreciation (+€67,182) and Receivables within one year (+€1,414)
- Profit (loss) carried forward -€31,196
down €31,196 (-14.3%), from -€218,277 to -€249,473
- Debts after one year -€7,462
down €7,462 (-1.1%), from €680,913 to €673,451
of which Financial debts: -€32,349
- Gross operating margin +€7,429
up €7,429 (+13.8%), from €53,991 to €61,421
- Financial charges -€1,828
down €1,828 (-7.9%), from €23,142 to €21,314
- Other operating charges +€1,526
up €1,526 (+58.8%), from €2,596 to €4,122
- Depreciation -€760
down €760 (-1.1%), from €67,941 to €67,182
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 | €669,466 | €630,990 | -€38,476 | -5.7% |
| Fixed assets | 21/28 | €640,561 | €577,089 | -€63,472 | -9.9% |
| Tangible fixed assets | 22/27 | €640,561 | €577,089 | -€63,472 | -9.9% |
| Land and buildings | 22 | €638,874 | €575,509 | -€63,366 | -9.9% |
| Furniture and vehicles | 24 | €140 | €34 | -€106 | -75.8% |
| Other tangible fixed assets | 26 | €1,547 | €1,547 | = | 0.0% |
| Current assets | 29/58 | €28,905 | €53,901 | +€24,995 | +86.5% |
| Amounts receivable within one year | 40/41 | €8,430 | €7,016 | -€1,414 | -16.8% |
| Trade receivables | 40 | €8,430 | €7,016 | -€1,414 | -16.8% |
| Cash at bank and in hand | 54/58 | €18,881 | €45,270 | +€26,389 | +139.8% |
| Deferred charges and accrued income | 490/1 | €1,594 | €1,615 | +€20 | +1.3% |
| Total equity and liabilities | 10/49 | €669,466 | €630,990 | -€38,476 | -5.7% |
| Equity | 10/15 | -€64,617 | -€95,813 | -€31,196 | -48.3% |
| Contributions | 10/11 | €150,600 | €150,600 | = | 0.0% |
| Reserves | 13 | €3,060 | €3,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,060 | €3,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,277 | -€249,473 | -€31,196 | -14.3% |
| Amounts payable | 17/49 | €734,083 | €726,803 | -€7,280 | -1.0% |
| Amounts payable after more than one year | 17 | €680,913 | €673,451 | -€7,462 | -1.1% |
| Financial debts | 170/4 | €350,038 | €317,689 | -€32,349 | -9.2% |
| Other amounts payable | 178/9 | €330,875 | €355,762 | +€24,887 | +7.5% |
| Amounts payable within one year | 42/48 | €34,301 | €34,652 | +€351 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €31,932 | €32,349 | +€417 | +1.3% |
| Trade debts | 44 | €2,369 | €2,303 | -€67 | -2.8% |
| Suppliers | 440/4 | €2,369 | €2,303 | -€67 | -2.8% |
| Accrued charges and deferred income | 492/3 | €18,870 | €18,700 | -€169 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,941 | €67,182 | -€760 | -1.1% |
| Other operating charges | 640/8 | €2,596 | €4,122 | +€1,526 | +58.8% |
| Gross operating margin | 9900 | €53,991 | €61,421 | +€7,429 | +13.8% |
| Operating profit (loss) | 9901 | -€16,546 | -€9,882 | +€6,663 | +40.3% |
| Financial charges | 65/66B | €23,142 | €21,314 | -€1,828 | -7.9% |
| Recurring financial charges | 65 | €23,142 | €21,314 | -€1,828 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€39,687 | -€31,196 | +€8,491 | +21.4% |
| Profit (loss) for the period | 9904 | -€39,687 | -€31,196 | +€8,491 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,687 | -€31,196 | +€8,491 | +21.4% |
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 4 October 2026 via checked.be.