ARCAS A.I.G.: 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 A.I.G.
Largest movements
- Tangible fixed assets +€27,924
up €27,924 (+197%), from €14,197 to €42,121
of which Furniture and vehicles: +€28,911
- Reserves +€43,000
up €43,000 (+29.2%), from €147,422 to €190,422
of which Distributable reserves: +€43,000
- Other debts -€37,754
down €37,754 (-42.5%), from €88,741 to €50,988
- Tax, wage and social debts +€22,729
up €22,729 (+58.9%), from €38,619 to €61,348
of which Remuneration and social security: +€20,000
- Trade debts -€6,372
down €6,372 (-94.4%), from €6,747 to €375
- Profit (loss) carried forward +€5,678
up €5,678 (+4.3%), from €133,307 to €138,985
- Gross operating margin +€15,534
up €15,534 (+24.2%), from €64,271 to €79,805
- Taxes +€7,027
up €7,027 (+55.6%), from €12,644 to €19,672
- Depreciation +€6,407
up €6,407 (+148%), from €4,319 to €10,726
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 | €433,429 | €460,710 | +€27,282 | +6.3% |
| Fixed assets | 21/28 | €14,197 | €42,121 | +€27,924 | +197% |
| Tangible fixed assets | 22/27 | €14,197 | €42,121 | +€27,924 | +197% |
| Plant, machinery and equipment | 23 | €3,889 | €2,902 | -€987 | -25.4% |
| Furniture and vehicles | 24 | €10,307 | €39,218 | +€28,911 | +280% |
| Current assets | 29/58 | €419,232 | €418,589 | -€643 | -0.2% |
| Amounts receivable within one year | 40/41 | €10,336 | €9,517 | -€819 | -7.9% |
| Trade receivables | 40 | €7,213 | €7,274 | +€62 | +0.9% |
| Other amounts receivable | 41 | €3,124 | €2,243 | -€881 | -28.2% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €308,896 | €309,072 | +€176 | +0.1% |
| Total equity and liabilities | 10/49 | €433,429 | €460,710 | +€27,282 | +6.3% |
| Equity | 10/15 | €299,321 | €347,999 | +€48,678 | +16.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €147,422 | €190,422 | +€43,000 | +29.2% |
| Non-distributable reserves | 130/1 | €422 | €422 | = | 0.0% |
| Reserves not available under the articles | 1311 | €422 | €422 | = | 0.0% |
| Distributable reserves | 133 | €147,000 | €190,000 | +€43,000 | +29.3% |
| Profit (loss) carried forward | 14 | €133,307 | €138,985 | +€5,678 | +4.3% |
| Amounts payable | 17/49 | €134,108 | €112,711 | -€21,397 | -16.0% |
| Amounts payable within one year | 42/48 | €134,108 | €112,711 | -€21,397 | -16.0% |
| Trade debts | 44 | €6,747 | €375 | -€6,372 | -94.4% |
| Suppliers | 440/4 | €6,747 | €375 | -€6,372 | -94.4% |
| Taxes, remuneration and social security | 45 | €38,619 | €61,348 | +€22,729 | +58.9% |
| Taxes | 450/3 | €571 | €3,300 | +€2,729 | +477% |
| Remuneration and social security | 454/9 | €38,048 | €58,048 | +€20,000 | +52.6% |
| Other amounts payable | 47/48 | €88,741 | €50,988 | -€37,754 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,319 | €10,726 | +€6,407 | +148% |
| Other operating charges | 640/8 | €384 | €445 | +€61 | +15.8% |
| Gross operating margin | 9900 | €64,271 | €79,805 | +€15,534 | +24.2% |
| Operating profit (loss) | 9901 | €59,568 | €68,633 | +€9,066 | +15.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | +31,500% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +31,500% |
| Financial charges | 65/66B | €452 | €287 | -€166 | -36.6% |
| Recurring financial charges | 65 | €452 | €287 | -€166 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €59,115 | €68,350 | +€9,235 | +15.6% |
| Income taxes | 67/77 | €12,644 | €19,672 | +€7,027 | +55.6% |
| Profit (loss) for the period | 9904 | €46,471 | €48,678 | +€2,207 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,471 | €48,678 | +€2,207 | +4.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.