ARCASIS: what changed
Two fiscal 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.
ARCASIS
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-89.5%), from €1.7m to €180,816
of which Land and buildings: -€1.5m
- Cash +€455,596
up €455,596 (+46.1%), from €988,800 to €1.4m
mainly Investment in fixed assets (net) (+€1.5m) and Net result for the year (+€744,893)
- Current investments +€320,139
up €320,139 (+46.5%), from €687,810 to €1.0m
- Receivables after one year +€130,090
up €130,090 (+36.2%), from €359,104 to €489,194
of which Trade receivables: +€126,500
- Debts after one year -€899,718
down €899,718 (-64.4%), from €1.4m to €497,075
of which Financial debts: -€1.2m
- Reserves +€361,128
up €361,128 (+17.5%), from €2.1m to €2.4m
of which Tax-exempt reserves: +€406,633
- Tax, wage and social debts -€174,238
down €174,238 (-87.9%), from €198,214 to €23,976
- Provisions +€135,544
new in 2025: €135,544
- Current portion of long-term debt -€98,212
down €98,212 (-58.8%), from €166,926 to €68,714
- Depreciation -€55,764
down €55,764 (-62.7%), from €88,914 to €33,151
- Financial income +€21,412
up €21,412 (+56.4%), from €37,938 to €59,350
- Gross operating margin +€18,124
up €18,124 (+1.7%), from €1.1m to €1.1m
- Financial charges +€12,225
up €12,225 (+37.0%), from €33,033 to €45,259
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 | €3,997,743 | €3,345,403 | -€652,340 | -16.3% |
| Fixed assets | 21/28 | €1,920,402 | €382,766 | -€1.5m | -80.1% |
| Tangible fixed assets | 22/27 | €1,718,452 | €180,816 | -€1.5m | -89.5% |
| Land and buildings | 22 | €1,651,980 | €113,501 | -€1.5m | -93.1% |
| Plant, machinery and equipment | 23 | - | €803 | +€803 | |
| Furniture and vehicles | 24 | €55,545 | €44,020 | -€11,525 | -20.7% |
| Other tangible fixed assets | 26 | €10,928 | €22,491 | +€11,564 | +105.8% |
| Financial fixed assets | 28 | €201,950 | €201,950 | = | 0.0% |
| Current assets | 29/58 | €2,077,341 | €2,962,637 | +€885,296 | +42.6% |
| Amounts receivable after more than one year | 29 | €359,104 | €489,194 | +€130,090 | +36.2% |
| Trade receivables | 290 | €331,170 | €457,670 | +€126,500 | +38.2% |
| Other amounts receivable | 291 | €27,934 | €31,525 | +€3,590 | +12.9% |
| Amounts receivable within one year | 40/41 | €41,626 | €19,262 | -€22,364 | -53.7% |
| Trade receivables | 40 | €29,605 | €11,851 | -€17,754 | -60.0% |
| Other amounts receivable | 41 | €12,021 | €7,411 | -€4,610 | -38.4% |
| Current investments | 50/53 | €687,810 | €1,007,949 | +€320,139 | +46.5% |
| Cash at bank and in hand | 54/58 | €988,800 | €1,444,396 | +€455,596 | +46.1% |
| Deferred charges and accrued income | 490/1 | - | €1,835 | +€1,835 | |
| Total equity and liabilities | 10/49 | €3,997,743 | €3,345,403 | -€652,340 | -16.3% |
| Equity | 10/15 | €2,077,591 | €2,438,719 | +€361,128 | +17.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,059,041 | €2,420,169 | +€361,128 | +17.5% |
| Tax-exempt reserves | 132 | - | €406,633 | +€406,633 | |
| Distributable reserves | 133 | €2,059,041 | €2,013,536 | -€45,505 | -2.2% |
| Provisions and deferred taxes | 16 | - | €135,544 | +€135,544 | |
| Deferred taxes | 168 | - | €135,544 | +€135,544 | |
| Amounts payable | 17/49 | €1,920,152 | €771,140 | -€1.1m | -59.8% |
| Amounts payable after more than one year | 17 | €1,396,793 | €497,075 | -€899,718 | -64.4% |
| Financial debts | 170/4 | €1,292,571 | €62,746 | -€1.2m | -95.1% |
| Other amounts payable | 178/9 | €104,222 | €434,329 | +€330,107 | +316.7% |
| Amounts payable within one year | 42/48 | €505,028 | €250,379 | -€254,650 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €166,926 | €68,714 | -€98,212 | -58.8% |
| Trade debts | 44 | €438 | €43,238 | +€42,800 | +9770.6% |
| Suppliers | 440/4 | €438 | €43,238 | +€42,800 | +9770.6% |
| Taxes, remuneration and social security | 45 | €198,214 | €23,976 | -€174,238 | -87.9% |
| Taxes | 450/3 | €198,214 | €23,976 | -€174,238 | -87.9% |
| Other amounts payable | 47/48 | €139,450 | €114,450 | -€25,000 | -17.9% |
| Accrued charges and deferred income | 492/3 | €18,331 | €23,686 | +€5,355 | +29.2% |
| Non-recurring operating income | 76A | - | €550,307 | +€550,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,914 | €33,151 | -€55,764 | -62.7% |
| Other operating charges | 640/8 | €22,381 | €19,029 | -€3,352 | -15.0% |
| Gross operating margin | 9900 | €1,051,243 | €1,069,366 | +€18,124 | +1.7% |
| Operating profit (loss) | 9901 | €939,947 | €1,017,186 | +€77,239 | +8.2% |
| Financial income | 75/76B | €37,938 | €59,350 | +€21,412 | +56.4% |
| Recurring financial income | 75 | €37,938 | €59,350 | +€21,412 | +56.4% |
| Financial charges | 65/66B | €33,033 | €45,259 | +€12,225 | +37.0% |
| Recurring financial charges | 65 | €33,033 | €45,259 | +€12,225 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €944,852 | €1,031,278 | +€86,426 | +9.1% |
| Transfer to deferred taxes | 680 | - | €135,544 | +€135,544 | |
| Income taxes | 67/77 | €160,215 | €150,840 | -€9,374 | -5.9% |
| Profit (loss) for the period | 9904 | €784,637 | €744,893 | -€39,744 | -5.1% |
| Transfer to tax-exempt reserves | 689 | - | €406,633 | +€406,633 | |
| Profit (loss) for the period to be appropriated | 9905 | €784,637 | €338,260 | -€446,377 | -56.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.