ARCAS: 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.
What changed
ARCAS
NACE 71.111, Activities of building architects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €2.2m+€133,131
Equity
€2.0m
2024 · €2.0m+€35,465
Cash
€2.2m
2024 · €1.8m+€341,849
Balance sheet total
€4.7m
2024 · €4.4m+€330,727
Largest movements
Assets
- Receivables within one year -€693,968
down €693,968 (-73.2%), from €948,310 to €254,342
of which Other amounts receivable: -€679,262
- Current investments +€692,321
up €692,321 (+58.6%), from €1.2m to €1.9m
- Cash +€341,849
up €341,849 (+18.7%), from €1.8m to €2.2m
mainly Net result for the year (+€2.3m) and Receivables within one year (+€693,968)
Equity and liabilities
- Other debts +€345,052
up €345,052 (+15.8%), from €2.2m to €2.5m
- Trade debts -€53,419
down €53,419 (-31.2%), from €171,234 to €117,815
Income statement
- Gross operating margin +€157,732
up €157,732 (+6.2%), from €2.6m to €2.7m
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.
Result 2024
€2.2m
Gross operating margin
+€157,732
Staff costs
-€8,669
Depreciation
-€1,236
Other operating charges
-€2,293
Financial income
+€13,879
Financial charges
-€26,290
Taxes
+€7
Result 2025
€2.3m
raises the resultlowers the result
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.
From operations
+€3.3m
Investment
-€696,194
Financing
-€2.3m
Cash 2024
€1.8m
From operations (derived)
+€3.3m
Net result for the year
+€2.3m
Depreciation
+€14,129
Receivables within one year
+€693,968
Smaller working-capital items
+€2,821
Trade debts
-€53,419
Other debts
+€345,052
Investment (derived)
-€696,194
Investment in fixed assets (net)
-€3,874
Current investments
-€692,321
Financing
-€2.3m
Short-term financial debts
+€29
Contributions, distributions and other
-€2.3m
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,410,644 | €4,741,371 | +€330,727 | +7.5% |
| Fixed assets | 21/28 | €442,045 | €431,790 | -€10,255 | -2.3% |
| Tangible fixed assets | 22/27 | €420,980 | €410,725 | -€10,255 | -2.4% |
| Land and buildings | 22 | €400,000 | €400,000 | = | 0.0% |
| Furniture and vehicles | 24 | €20,980 | €10,725 | -€10,255 | -48.9% |
| Financial fixed assets | 28 | €21,065 | €21,065 | = | 0.0% |
| Current assets | 29/58 | €3,968,600 | €4,309,581 | +€340,982 | +8.6% |
| Amounts receivable within one year | 40/41 | €948,310 | €254,342 | -€693,968 | -73.2% |
| Trade receivables | 40 | €26,803 | €12,097 | -€14,706 | -54.9% |
| Other amounts receivable | 41 | €921,507 | €242,245 | -€679,262 | -73.7% |
| Current investments | 50/53 | €1,180,913 | €1,873,234 | +€692,321 | +58.6% |
| Cash at bank and in hand | 54/58 | €1,824,822 | €2,166,671 | +€341,849 | +18.7% |
| Deferred charges and accrued income | 490/1 | €14,555 | €15,334 | +€780 | +5.4% |
| Total equity and liabilities | 10/49 | €4,410,644 | €4,741,371 | +€330,727 | +7.5% |
| Equity | 10/15 | €1,998,075 | €2,033,539 | +€35,465 | +1.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,973,075 | €2,008,539 | +€35,465 | +1.8% |
| Non-distributable reserves | 130/1 | €2,500 | €0 | -€2,500 | -100% |
| Reserves not available under the articles | 1311 | €2,500 | €0 | -€2,500 | -100% |
| Distributable reserves | 133 | €1,970,575 | €2,008,539 | +€37,965 | +1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,412,570 | €2,707,832 | +€295,262 | +12.2% |
| Amounts payable within one year | 42/48 | €2,412,570 | €2,707,832 | +€295,262 | +12.2% |
| Financial debts | 43 | - | €29 | +€29 | |
| Other loans | 439 | - | €29 | +€29 | |
| Trade debts | 44 | €171,234 | €117,815 | -€53,419 | -31.2% |
| Suppliers | 440/4 | €171,234 | €117,815 | -€53,419 | -31.2% |
| Taxes, remuneration and social security | 45 | €51,250 | €54,851 | +€3,601 | +7.0% |
| Taxes | 450/3 | €9,247 | €10,047 | +€799 | +8.6% |
| Remuneration and social security | 454/9 | €42,003 | €44,804 | +€2,801 | +6.7% |
| Other amounts payable | 47/48 | €2,190,085 | €2,535,137 | +€345,052 | +15.8% |
| Remuneration, social security and pensions | 62 | €318,553 | €327,223 | +€8,669 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,893 | €14,129 | +€1,236 | +9.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €22,728 | €25,021 | +€2,293 | +10.1% |
| Gross operating margin | 9900 | €2,551,506 | €2,709,238 | +€157,732 | +6.2% |
| Operating profit (loss) | 9901 | €2,197,331 | €2,342,866 | +€145,535 | +6.6% |
| Financial income | 75/76B | €33,449 | €47,329 | +€13,879 | +41.5% |
| Recurring financial income | 75 | €33,449 | €47,329 | +€13,879 | +41.5% |
| Financial charges | 65/66B | €4,346 | €30,636 | +€26,290 | +605% |
| Recurring financial charges | 65 | €560 | €30,636 | +€30,076 | +5,368% |
| Non-recurring financial charges | 66B | €3,786 | €0 | -€3,786 | -100% |
| Profit (loss) for the period before taxes | 9903 | €2,226,435 | €2,359,558 | +€133,124 | +6.0% |
| Income taxes | 67/77 | €14,101 | €14,094 | -€7 | -0.1% |
| Profit (loss) for the period | 9904 | €2,212,334 | €2,345,465 | +€133,131 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,212,334 | €2,345,465 | +€133,131 | +6.0% |
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 27 October 2026 via checked.be.