ARCASYN: 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.
ARCASYN
Largest movements
- Receivables after one year -€275,000
down €275,000 (-100.0%), from €275,000 to €0
- Receivables within one year +€200,632
up €200,632 (+156.8%), from €127,992 to €328,624
of which Other amounts receivable: +€206,059
- Cash -€33,200
down €33,200 (-100.0%), from €33,200 to €0
mainly Receivables within one year (-€200,632) and Tax, wage and social debts (-€93,391)
- Tax, wage and social debts -€93,391
down €93,391 (-85.7%), from €108,990 to €15,599
- Trade debts -€11,653
down €11,653 (-88.7%), from €13,139 to €1,486
- Short-term financial debts +€5,188
new in 2025: €5,188
- Reserves -€4,736
down €4,736 (-1.6%), from €292,487 to €287,751
- Gross operating margin -€74,220
down €74,220, from €59,431 to -€14,788
- Taxes -€15,599
down €15,599 (-100.0%), from €15,599 to €0
- Staff costs -€10,306
down €10,306 (-100.0%), from €10,306 to €0
- Financial income +€1,618
up €1,618 (+13.1%), from €12,340 to €13,958
- Other operating charges -€1,482
down €1,482 (-49.4%), from €3,001 to €1,519
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 | €437,086 | €328,624 | -€108,461 | -24.8% |
| Fixed assets | 21/28 | €893 | €0 | -€893 | -100.0% |
| Tangible fixed assets | 22/27 | €530 | €0 | -€530 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €530 | €0 | -€530 | -100.0% |
| Financial fixed assets | 28 | €363 | €0 | -€363 | -100.0% |
| Current assets | 29/58 | €436,192 | €328,624 | -€107,568 | -24.7% |
| Amounts receivable after more than one year | 29 | €275,000 | €0 | -€275,000 | -100.0% |
| Other amounts receivable | 291 | €275,000 | €0 | -€275,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €127,992 | €328,624 | +€200,632 | +156.8% |
| Trade receivables | 40 | €5,427 | €0 | -€5,427 | -100.0% |
| Other amounts receivable | 41 | €122,565 | €328,624 | +€206,059 | +168.1% |
| Cash at bank and in hand | 54/58 | €33,200 | €0 | -€33,200 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €437,086 | €328,624 | -€108,461 | -24.8% |
| Equity | 10/15 | €311,087 | €306,351 | -€4,736 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €292,487 | €287,751 | -€4,736 | -1.6% |
| Distributable reserves | 133 | €292,487 | €287,751 | -€4,736 | -1.6% |
| Amounts payable | 17/49 | €125,999 | €22,274 | -€103,725 | -82.3% |
| Amounts payable within one year | 42/48 | €125,999 | €22,274 | -€103,725 | -82.3% |
| Financial debts | 43 | - | €5,188 | +€5,188 | |
| Credit institutions | 430/8 | - | €5,188 | +€5,188 | |
| Trade debts | 44 | €13,139 | €1,486 | -€11,653 | -88.7% |
| Suppliers | 440/4 | €13,139 | €1,486 | -€11,653 | -88.7% |
| Taxes, remuneration and social security | 45 | €108,990 | €15,599 | -€93,391 | -85.7% |
| Taxes | 450/3 | €108,990 | €15,599 | -€93,391 | -85.7% |
| Other amounts payable | 47/48 | €3,870 | €0 | -€3,870 | -100.0% |
| Non-recurring operating income | 76A | €116,073 | €0 | -€116,073 | -100.0% |
| Remuneration, social security and pensions | 62 | €10,306 | €0 | -€10,306 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €961 | €0 | -€961 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,001 | €1,519 | -€1,482 | -49.4% |
| Non-recurring operating charges | 66A | €0 | €530 | +€530 | |
| Gross operating margin | 9900 | €59,431 | -€14,788 | -€74,220 | |
| Operating profit (loss) | 9901 | €45,164 | -€16,838 | -€62,001 | |
| Financial income | 75/76B | €12,340 | €13,958 | +€1,618 | +13.1% |
| Recurring financial income | 75 | €12,340 | €13,958 | +€1,618 | +13.1% |
| Financial charges | 65/66B | €660 | €1,856 | +€1,197 | +181.3% |
| Recurring financial charges | 65 | €660 | €1,856 | +€1,197 | +181.3% |
| Profit (loss) for the period before taxes | 9903 | €56,844 | -€4,736 | -€61,580 | |
| Income taxes | 67/77 | €15,599 | €0 | -€15,599 | -100.0% |
| Profit (loss) for the period | 9904 | €41,245 | -€4,736 | -€45,981 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,245 | -€4,736 | -€45,981 |
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 12 October 2026 via checked.be.