ARCAPI: 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.
ARCAPI
Largest movements
- Tangible fixed assets -€27,494
down €27,494 (-3.2%), from €859,790 to €832,296
- Cash +€11,404
up €11,404 (+257%), from €4,444 to €15,848
mainly Depreciation (+€35,172) and Other debts (+€27,500)
- Debts after one year -€33,574
down €33,574 (-4.8%), from €694,347 to €660,773
- Other debts +€27,500
up €27,500 (+34.4%), from €80,000 to €107,500
- Profit (loss) carried forward -€15,580
down €15,580 (-15.7%), from -€99,045 to -€114,625
- Depreciation -€41,169
down €41,169 (-53.9%), from €76,341 to €35,172
- Gross operating margin +€26,732
up €26,732 (+147%), from €18,194 to €44,926
- Financial charges -€14,037
down €14,037 (-38.5%), from €36,484 to €22,447
- Other operating charges -€1,528
down €1,528 (-34.6%), from €4,414 to €2,887
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 | €867,790 | €849,955 | -€17,835 | -2.1% |
| Fixed assets | 21/28 | €859,790 | €832,296 | -€27,494 | -3.2% |
| Tangible fixed assets | 22/27 | €859,790 | €832,296 | -€27,494 | -3.2% |
| Land and buildings | 22 | €859,790 | €832,296 | -€27,494 | -3.2% |
| Current assets | 29/58 | €8,000 | €17,659 | +€9,659 | +121% |
| Amounts receivable within one year | 40/41 | €1,707 | €377 | -€1,330 | -77.9% |
| Other amounts receivable | 41 | €1,707 | €377 | -€1,330 | -77.9% |
| Cash at bank and in hand | 54/58 | €4,444 | €15,848 | +€11,404 | +257% |
| Deferred charges and accrued income | 490/1 | €1,849 | €1,434 | -€415 | -22.4% |
| Total equity and liabilities | 10/49 | €867,790 | €849,955 | -€17,835 | -2.1% |
| Equity | 10/15 | €50,955 | €35,375 | -€15,580 | -30.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,045 | -€114,625 | -€15,580 | -15.7% |
| Amounts payable | 17/49 | €816,835 | €814,581 | -€2,255 | -0.3% |
| Amounts payable after more than one year | 17 | €694,347 | €660,773 | -€33,574 | -4.8% |
| Financial debts | 170/4 | €694,347 | €660,773 | -€33,574 | -4.8% |
| Amounts payable within one year | 42/48 | €122,488 | €153,808 | +€31,319 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €32,340 | €33,574 | +€1,234 | +3.8% |
| Trade debts | 44 | €10,149 | €7,734 | -€2,415 | -23.8% |
| Suppliers | 440/4 | €10,149 | €7,734 | -€2,415 | -23.8% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €80,000 | €107,500 | +€27,500 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,341 | €35,172 | -€41,169 | -53.9% |
| Other operating charges | 640/8 | €4,414 | €2,887 | -€1,528 | -34.6% |
| Gross operating margin | 9900 | €18,194 | €44,926 | +€26,732 | +147% |
| Operating profit (loss) | 9901 | -€62,562 | €6,867 | +€69,429 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €36,484 | €22,447 | -€14,037 | -38.5% |
| Recurring financial charges | 65 | €36,484 | €22,447 | -€14,037 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€99,045 | -€15,580 | +€83,466 | +84.3% |
| Profit (loss) for the period | 9904 | -€99,045 | -€15,580 | +€83,466 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,045 | -€15,580 | +€83,466 | +84.3% |
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 28 October 2026 via checked.be.