ARCANA: 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.
ARCANA
Largest movements
- Cash -€34,230
down €34,230 (-47.7%), from €71,783 to €37,553
mainly Net result for the year (-€35,595) and Receivables within one year (-€25,737)
- Receivables within one year +€25,737
up €25,737 (+228%), from €11,269 to €37,006
of which Trade receivables: +€25,737
- Tangible fixed assets -€14,276
down €14,276 (-27.0%), from €52,800 to €38,524
of which Furniture and vehicles: -€11,444
- Profit (loss) carried forward -€35,595
down €35,595 (-147%), from -€24,248 to -€59,843
- Other debts +€12,905
up €12,905 (+26.6%), from €48,515 to €61,420
- Trade debts -€1,472
down €1,472 (-97.0%), from €1,518 to €46
- Gross operating margin -€10,412
down €10,412 (-36.3%), from €28,694 to €18,282
- Staff costs +€682
up €682 (+1.8%), from €38,214 to €38,896
- Taxes +€649
up €649, from -€483 to €165
- Depreciation -€417
down €417 (-2.8%), from €14,693 to €14,276
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.
Derived cash bridge
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 | €137,670 | €113,794 | -€23,875 | -17.3% |
| Fixed assets | 21/28 | €52,800 | €38,524 | -€14,276 | -27.0% |
| Tangible fixed assets | 22/27 | €52,800 | €38,524 | -€14,276 | -27.0% |
| Plant, machinery and equipment | 23 | €12,999 | €10,167 | -€2,832 | -21.8% |
| Furniture and vehicles | 24 | €39,801 | €28,357 | -€11,444 | -28.8% |
| Current assets | 29/58 | €84,870 | €75,271 | -€9,599 | -11.3% |
| Amounts receivable within one year | 40/41 | €11,269 | €37,006 | +€25,737 | +228% |
| Trade receivables | 40 | €4,427 | €30,164 | +€25,737 | +581% |
| Other amounts receivable | 41 | €6,842 | €6,842 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,783 | €37,553 | -€34,230 | -47.7% |
| Deferred charges and accrued income | 490/1 | €1,818 | €712 | -€1,106 | -60.8% |
| Total equity and liabilities | 10/49 | €137,670 | €113,794 | -€23,875 | -17.3% |
| Equity | 10/15 | €78,311 | €42,716 | -€35,595 | -45.5% |
| Contributions | 10/11 | €32,600 | €32,600 | = | 0.0% |
| Reserves | 13 | €69,959 | €69,959 | = | 0.0% |
| Distributable reserves | 133 | €69,959 | €69,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,248 | -€59,843 | -€35,595 | -147% |
| Amounts payable | 17/49 | €59,359 | €71,079 | +€11,720 | +19.7% |
| Amounts payable within one year | 42/48 | €59,359 | €69,923 | +€10,564 | +17.8% |
| Trade debts | 44 | €1,518 | €46 | -€1,472 | -97.0% |
| Suppliers | 440/4 | €1,518 | €46 | -€1,472 | -97.0% |
| Taxes, remuneration and social security | 45 | €9,326 | €8,458 | -€869 | -9.3% |
| Taxes | 450/3 | €1,145 | €498 | -€647 | -56.5% |
| Remuneration and social security | 454/9 | €8,181 | €7,960 | -€222 | -2.7% |
| Other amounts payable | 47/48 | €48,515 | €61,420 | +€12,905 | +26.6% |
| Accrued charges and deferred income | 492/3 | €0 | €1,156 | +€1,156 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,214 | €38,896 | +€682 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,693 | €14,276 | -€417 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €28,694 | €18,282 | -€10,412 | -36.3% |
| Operating profit (loss) | 9901 | -€24,718 | -€35,410 | -€10,692 | -43.3% |
| Financial income | 75/76B | €41 | €25 | -€15 | -37.7% |
| Recurring financial income | 75 | €41 | €25 | -€15 | -37.7% |
| Financial charges | 65/66B | €54 | €45 | -€9 | -16.8% |
| Recurring financial charges | 65 | €54 | €45 | -€9 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,732 | -€35,430 | -€10,698 | -43.3% |
| Income taxes | 67/77 | -€483 | €165 | +€649 | |
| Profit (loss) for the period | 9904 | -€24,248 | -€35,595 | -€11,347 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,248 | -€35,595 | -€11,347 | -46.8% |
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 19 October 2026 via checked.be.