ARCANDE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
ARCANDE
Largest movements
- Receivables within one year +€42,320
up €42,320 (+53.2%), from €79,618 to €121,938
of which Trade receivables: +€44,289
- Cash -€31,517
down €31,517 (-68.5%), from €45,983 to €14,467
mainly Receivables within one year (-€42,320) and Net result for the year (-€25,943)
- Tangible fixed assets -€21,488
down €21,488 (-26.4%), from €81,324 to €59,837
of which Furniture and vehicles: -€18,575
- Profit (loss) carried forward -€25,943
down €25,943, from €15,252 to -€10,691
- Other debts +€18,159
up €18,159 (+10.8%), from €168,394 to €186,553
- Trade debts -€2,537
down €2,537 (-78.9%), from €3,214 to €677
- Depreciation +€7,168
up €7,168 (+32.4%), from €22,096 to €29,264
- Gross operating margin +€4,967
up €4,967, from -€967 to €4,000
- Other operating charges -€279
down €279 (-32.5%), from €860 to €580
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,890 | €199,584 | -€10,306 | -4.9% |
| Fixed assets | 21/28 | €82,342 | €60,854 | -€21,488 | -26.1% |
| Tangible fixed assets | 22/27 | €81,324 | €59,837 | -€21,488 | -26.4% |
| Plant, machinery and equipment | 23 | €14,547 | €11,634 | -€2,913 | -20.0% |
| Furniture and vehicles | 24 | €66,777 | €48,203 | -€18,575 | -27.8% |
| Financial fixed assets | 28 | €1,018 | €1,018 | = | 0.0% |
| Current assets | 29/58 | €127,549 | €138,730 | +€11,181 | +8.8% |
| Stocks and contracts in progress | 3 | €1,948 | €2,326 | +€378 | +19.4% |
| Stocks | 30/36 | €1,948 | €2,326 | +€378 | +19.4% |
| Amounts receivable within one year | 40/41 | €79,618 | €121,938 | +€42,320 | +53.2% |
| Trade receivables | 40 | €75,513 | €119,802 | +€44,289 | +58.7% |
| Other amounts receivable | 41 | €4,105 | €2,136 | -€1,969 | -48.0% |
| Cash at bank and in hand | 54/58 | €45,983 | €14,467 | -€31,517 | -68.5% |
| Total equity and liabilities | 10/49 | €209,890 | €199,584 | -€10,306 | -4.9% |
| Equity | 10/15 | €37,769 | €11,826 | -€25,943 | -68.7% |
| Contributions | 10/11 | €7,685 | €7,685 | = | 0.0% |
| Reserves | 13 | €14,832 | €14,832 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,973 | €12,973 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,252 | -€10,691 | -€25,943 | |
| Amounts payable | 17/49 | €172,121 | €187,759 | +€15,637 | +9.1% |
| Amounts payable within one year | 42/48 | €172,121 | €187,759 | +€15,637 | +9.1% |
| Trade debts | 44 | €3,214 | €677 | -€2,537 | -78.9% |
| Suppliers | 440/4 | €3,214 | €677 | -€2,537 | -78.9% |
| Taxes, remuneration and social security | 45 | €514 | €529 | +€16 | +3.0% |
| Taxes | 450/3 | €514 | €529 | +€16 | +3.0% |
| Other amounts payable | 47/48 | €168,394 | €186,553 | +€18,159 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,096 | €29,264 | +€7,168 | +32.4% |
| Other operating charges | 640/8 | €860 | €580 | -€279 | -32.5% |
| Gross operating margin | 9900 | -€967 | €4,000 | +€4,967 | |
| Operating profit (loss) | 9901 | -€23,922 | -€25,844 | -€1,922 | -8.0% |
| Financial charges | 65/66B | €63 | €99 | +€36 | +57.1% |
| Recurring financial charges | 65 | €63 | €99 | +€36 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,985 | -€25,943 | -€1,958 | -8.2% |
| Profit (loss) for the period | 9904 | -€23,985 | -€25,943 | -€1,958 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,985 | -€25,943 | -€1,958 | -8.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.