ARCANUM: 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.
ARCANUM
Largest movements
- Cash +€2,995
up €2,995 (+52.1%), from €5,744 to €8,739
mainly Net result for the year (+€11,377) and Tax, wage and social debts (+€2,380)
- Receivables within one year +€2,696
up €2,696 (+8.1%), from €33,187 to €35,883
of which Trade receivables: +€2,696
- Tangible fixed assets -€1,063
no longer reported in 2025 (was €1,063)
- Reserves +€11,377
up €11,377 (+137%), from €8,301 to €19,678
- Debts after one year -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts +€2,380
up €2,380 (+111%), from €2,141 to €4,521
- Accrued charges and deferred income +€2,022
up €2,022 (+57.5%), from €3,519 to €5,541
- Current portion of long-term debt -€1,132
no longer reported in 2025 (was €1,132)
- Depreciation -€5,938
down €5,938 (-84.8%), from €7,001 to €1,063
- Taxes +€3,064
up €3,064 (+117%), from €2,611 to €5,675
- Other operating charges -€2,299
down €2,299 (-68.2%), from €3,372 to €1,073
- Gross operating margin +€1,599
up €1,599 (+9.0%), from €17,844 to €19,443
- Financial charges -€1,432
down €1,432 (-82.7%), from €1,731 to €300
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 | €46,185 | €50,534 | +€4,348 | +9.4% |
| Fixed assets | 21/28 | €1,063 | - | -€1,063 | |
| Tangible fixed assets | 22/27 | €1,063 | - | -€1,063 | |
| Furniture and vehicles | 24 | €1,063 | - | -€1,063 | |
| Current assets | 29/58 | €45,122 | €50,534 | +€5,412 | +12.0% |
| Amounts receivable within one year | 40/41 | €33,187 | €35,883 | +€2,696 | +8.1% |
| Trade receivables | 40 | €26,410 | €29,106 | +€2,696 | +10.2% |
| Other amounts receivable | 41 | €6,777 | €6,777 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,744 | €8,739 | +€2,995 | +52.1% |
| Deferred charges and accrued income | 490/1 | €6,191 | €5,912 | -€280 | -4.5% |
| Total equity and liabilities | 10/49 | €46,185 | €50,534 | +€4,348 | +9.4% |
| Equity | 10/15 | €28,301 | €39,678 | +€11,377 | +40.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €8,301 | €19,678 | +€11,377 | +137% |
| Distributable reserves | 133 | €8,301 | €19,678 | +€11,377 | +137% |
| Amounts payable | 17/49 | €17,884 | €10,855 | -€7,029 | -39.3% |
| Amounts payable after more than one year | 17 | €10,000 | - | -€10,000 | |
| Financial debts | 170/4 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €4,365 | €5,314 | +€949 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €1,132 | - | -€1,132 | |
| Trade debts | 44 | €530 | €611 | +€81 | +15.3% |
| Suppliers | 440/4 | €530 | €611 | +€81 | +15.3% |
| Taxes, remuneration and social security | 45 | €2,141 | €4,521 | +€2,380 | +111% |
| Taxes | 450/3 | €2,141 | €4,521 | +€2,380 | +111% |
| Other amounts payable | 47/48 | €562 | €182 | -€380 | -67.6% |
| Accrued charges and deferred income | 492/3 | €3,519 | €5,541 | +€2,022 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,001 | €1,063 | -€5,938 | -84.8% |
| Other operating charges | 640/8 | €3,372 | €1,073 | -€2,299 | -68.2% |
| Gross operating margin | 9900 | €17,844 | €19,443 | +€1,599 | +9.0% |
| Operating profit (loss) | 9901 | €7,471 | €17,307 | +€9,836 | +132% |
| Financial income | 75/76B | €17 | €45 | +€29 | +171% |
| Recurring financial income | 75 | €17 | €45 | +€29 | +171% |
| Financial charges | 65/66B | €1,731 | €300 | -€1,432 | -82.7% |
| Recurring financial charges | 65 | €1,731 | €300 | -€1,432 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | €5,756 | €17,052 | +€11,296 | +196% |
| Income taxes | 67/77 | €2,611 | €5,675 | +€3,064 | +117% |
| Profit (loss) for the period | 9904 | €3,145 | €11,377 | +€8,232 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €3,145 | €11,377 | +€8,232 | +262% |
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 20 October 2026 via checked.be.