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.
ARCAS
Largest movements
- Cash +€43,787
up €43,787 (+25.5%), from €172,037 to €215,825
mainly Net result for the year (+€28,180) and Other debts (+€4,167)
- Receivables within one year -€3,580
down €3,580 (-43.8%), from €8,165 to €4,585
of which Trade receivables: -€3,338
- Tangible fixed assets -€2,613
down €2,613 (-48.6%), from €5,374 to €2,761
- Profit (loss) carried forward +€28,180
up €28,180 (+43.6%), from €64,567 to €92,746
- Other debts +€4,167
up €4,167 (+226.9%), from €1,836 to €6,003
- Tax, wage and social debts +€3,311
up €3,311 (+36.0%), from €9,198 to €12,509
- Gross operating margin +€7,694
up €7,694 (+20.8%), from €36,999 to €44,692
- Taxes +€3,131
up €3,131 (+33.3%), from €9,414 to €12,545
- Other operating charges -€588
down €588 (-37.7%), from €1,562 to €974
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 | €185,577 | €223,171 | +€37,594 | +20.3% |
| Fixed assets | 21/28 | €5,374 | €2,761 | -€2,613 | -48.6% |
| Tangible fixed assets | 22/27 | €5,374 | €2,761 | -€2,613 | -48.6% |
| Furniture and vehicles | 24 | €5,374 | €2,761 | -€2,613 | -48.6% |
| Current assets | 29/58 | €180,203 | €220,410 | +€40,207 | +22.3% |
| Amounts receivable within one year | 40/41 | €8,165 | €4,585 | -€3,580 | -43.8% |
| Trade receivables | 40 | €4,423 | €1,085 | -€3,338 | -75.5% |
| Other amounts receivable | 41 | €3,742 | €3,500 | -€242 | -6.5% |
| Cash at bank and in hand | 54/58 | €172,037 | €215,825 | +€43,787 | +25.5% |
| Total equity and liabilities | 10/49 | €185,577 | €223,171 | +€37,594 | +20.3% |
| Equity | 10/15 | €171,143 | €199,322 | +€28,180 | +16.5% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Contributions outside capital | 11 | - | €9,916 | +€9,916 | |
| Other | 1109/19 | - | €9,916 | +€9,916 | |
| Reserves | 13 | €96,660 | €96,660 | = | 0.0% |
| Distributable reserves | 133 | €96,660 | €96,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,567 | €92,746 | +€28,180 | +43.6% |
| Amounts payable | 17/49 | €14,434 | €23,849 | +€9,414 | +65.2% |
| Amounts payable within one year | 42/48 | €14,434 | €23,849 | +€9,414 | +65.2% |
| Current portion of amounts payable after more than one year | 42 | €1,264 | €1,357 | +€93 | +7.4% |
| Trade debts | 44 | €2,136 | €3,980 | +€1,843 | +86.3% |
| Suppliers | 440/4 | €2,136 | €3,980 | +€1,843 | +86.3% |
| Taxes, remuneration and social security | 45 | €9,198 | €12,509 | +€3,311 | +36.0% |
| Taxes | 450/3 | €9,198 | €12,509 | +€3,311 | +36.0% |
| Other amounts payable | 47/48 | €1,836 | €6,003 | +€4,167 | +226.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,275 | €2,613 | +€338 | +14.9% |
| Other operating charges | 640/8 | €1,562 | €974 | -€588 | -37.7% |
| Gross operating margin | 9900 | €36,999 | €44,692 | +€7,694 | +20.8% |
| Operating profit (loss) | 9901 | €33,162 | €41,105 | +€7,943 | +24.0% |
| Financial charges | 65/66B | €313 | €381 | +€68 | +21.8% |
| Recurring financial charges | 65 | €313 | €381 | +€68 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €32,849 | €40,724 | +€7,875 | +24.0% |
| Income taxes | 67/77 | €9,414 | €12,545 | +€3,131 | +33.3% |
| Profit (loss) for the period | 9904 | €23,435 | €28,180 | +€4,745 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,435 | €28,180 | +€4,745 | +20.2% |
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 11 October 2026 via checked.be.