ARCARIUS MANAGEMENT: 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.
ARCARIUS MANAGEMENT
Largest movements
- Current investments -€100,000
down €100,000 (-80.4%), from €124,304 to €24,304
- Cash +€32,570
up €32,570 (+112.2%), from €29,027 to €61,597
mainly Net result for the year (+€163,977) and Current investments (+€100,000)
- Tangible fixed assets +€7,588
up €7,588 (+361.0%), from €2,102 to €9,690
of which Other tangible fixed assets: +€6,390
- Other debts -€33,930
down €33,930 (-39.9%), from €85,000 to €51,070
- Tax, wage and social debts -€22,878
down €22,878 (-48.0%), from €47,654 to €24,776
of which Remuneration and social security: -€11,451
- Trade debts -€5,869
down €5,869 (-62.9%), from €9,338 to €3,468
- Reserves +€3,528
up €3,528 (+3.0%), from €118,919 to €122,447
- Gross operating margin +€9,948
up €9,948 (+4.9%), from €204,748 to €214,696
- Taxes -€5,740
down €5,740 (-10.5%), from €54,418 to €48,678
- Financial income -€3,689
down €3,689 (-70.2%), from €5,258 to €1,569
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 | €268,410 | €209,261 | -€59,149 | -22.0% |
| Fixed assets | 21/28 | €75,102 | €82,690 | +€7,588 | +10.1% |
| Tangible fixed assets | 22/27 | €2,102 | €9,690 | +€7,588 | +361.0% |
| Plant, machinery and equipment | 23 | - | €537 | +€537 | |
| Furniture and vehicles | 24 | €281 | €941 | +€660 | +234.9% |
| Other tangible fixed assets | 26 | €1,821 | €8,211 | +€6,390 | +350.9% |
| Financial fixed assets | 28 | €73,000 | €73,000 | = | 0.0% |
| Current assets | 29/58 | €193,308 | €126,572 | -€66,737 | -34.5% |
| Amounts receivable within one year | 40/41 | €38,251 | €36,880 | -€1,372 | -3.6% |
| Trade receivables | 40 | €38,251 | €35,131 | -€3,120 | -8.2% |
| Other amounts receivable | 41 | - | €1,748 | +€1,748 | |
| Current investments | 50/53 | €124,304 | €24,304 | -€100,000 | -80.4% |
| Cash at bank and in hand | 54/58 | €29,027 | €61,597 | +€32,570 | +112.2% |
| Deferred charges and accrued income | 490/1 | €1,726 | €3,791 | +€2,065 | +119.7% |
| Total equity and liabilities | 10/49 | €268,410 | €209,261 | -€59,149 | -22.0% |
| Equity | 10/15 | €126,419 | €129,947 | +€3,528 | +2.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €118,919 | €122,447 | +€3,528 | +3.0% |
| Distributable reserves | 133 | €118,919 | €122,447 | +€3,528 | +3.0% |
| Amounts payable | 17/49 | €141,991 | €79,314 | -€62,677 | -44.1% |
| Amounts payable within one year | 42/48 | €141,991 | €79,314 | -€62,677 | -44.1% |
| Trade debts | 44 | €9,338 | €3,468 | -€5,869 | -62.9% |
| Suppliers | 440/4 | €9,338 | €3,468 | -€5,869 | -62.9% |
| Taxes, remuneration and social security | 45 | €47,654 | €24,776 | -€22,878 | -48.0% |
| Taxes | 450/3 | €36,203 | €24,776 | -€11,427 | -31.6% |
| Remuneration and social security | 454/9 | €11,451 | - | -€11,451 | |
| Other amounts payable | 47/48 | €85,000 | €51,070 | -€33,930 | -39.9% |
| Remuneration, social security and pensions | 62 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | €2,249 | +€1,527 | +211.4% |
| Other operating charges | 640/8 | €1,013 | €1,022 | +€9 | +0.9% |
| Gross operating margin | 9900 | €204,748 | €214,696 | +€9,948 | +4.9% |
| Operating profit (loss) | 9901 | €203,013 | €211,376 | +€8,363 | +4.1% |
| Financial income | 75/76B | €5,258 | €1,569 | -€3,689 | -70.2% |
| Recurring financial income | 75 | €5,258 | €1,569 | -€3,689 | -70.2% |
| Financial charges | 65/66B | €706 | €290 | -€415 | -58.8% |
| Recurring financial charges | 65 | €706 | €290 | -€415 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €207,566 | €212,655 | +€5,089 | +2.5% |
| Income taxes | 67/77 | €54,418 | €48,678 | -€5,740 | -10.5% |
| Profit (loss) for the period | 9904 | €153,148 | €163,977 | +€10,829 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €153,148 | €163,977 | +€10,829 | +7.1% |
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 10 October 2026 via checked.be.