ARCATERRA: 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.
ARCATERRA
Largest movements
- Stocks and contracts -€3.7m
down €3.7m (-29.9%), from €12.5m to €8.8m
- Financial fixed assets -€1.0m
down €1.0m (-96.8%), from €1.0m to €33,931
- Receivables within one year +€192,075
up €192,075 (+58.4%), from €329,012 to €521,087
of which Trade receivables: +€199,359
- Short-term financial debts -€1.7m
no longer reported in 2025 (was €1.7m)
- Reserves -€1.2m
down €1.2m (-98.1%), from €1.2m to €22,684
of which Distributable reserves: -€1.2m
- Profit (loss) carried forward -€620,174
new in 2025: -€620,174
- Debts after one year -€470,000
down €470,000 (-6.8%), from €6.9m to €6.5m
- Trade debts -€248,475
down €248,475 (-59.2%), from €419,556 to €171,081
- Write-downs +€1.1m
up €1.1m (+1,588%), from €72,259 to €1.2m
- Financial charges +€808,289
up €808,289, from -€1,251 to €807,037
of which Non-recurring financial charges: +€711,594
- Gross operating margin -€212,998
down €212,998 (-44.9%), from €474,550 to €261,552
- Taxes -€83,735
down €83,735 (-89.7%), from €93,351 to €9,617
- Financial income -€20,756
down €20,756 (-74.0%), from €28,039 to €7,283
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 | €13,969,531 | €9,381,149 | -€4.6m | -32.8% |
| Formation expenses | 20 | €3,326 | €2,622 | -€704 | -21.2% |
| Fixed assets | 21/28 | €1,045,372 | €33,931 | -€1.0m | -96.8% |
| Financial fixed assets | 28 | €1,045,372 | €33,931 | -€1.0m | -96.8% |
| Current assets | 29/58 | €12,920,834 | €9,344,596 | -€3.6m | -27.7% |
| Stocks and contracts in progress | 3 | €12,501,447 | €8,760,078 | -€3.7m | -29.9% |
| Stocks | 30/36 | €12,501,447 | €8,760,078 | -€3.7m | -29.9% |
| Amounts receivable within one year | 40/41 | €329,012 | €521,087 | +€192,075 | +58.4% |
| Trade receivables | 40 | €31,707 | €231,066 | +€199,359 | +629% |
| Other amounts receivable | 41 | €297,306 | €290,021 | -€7,284 | -2.5% |
| Cash at bank and in hand | 54/58 | €84,055 | €62,895 | -€21,160 | -25.2% |
| Deferred charges and accrued income | 490/1 | €6,320 | €536 | -€5,784 | -91.5% |
| Total equity and liabilities | 10/49 | €13,969,531 | €9,381,149 | -€4.6m | -32.8% |
| Equity | 10/15 | €3,735,428 | €1,964,010 | -€1.8m | -47.4% |
| Contributions | 10/11 | €2,561,500 | €2,561,500 | = | 0.0% |
| Capital | 10 | €2,561,500 | €2,561,500 | = | 0.0% |
| Issued capital | 100 | €2,561,500 | €2,561,500 | = | 0.0% |
| Reserves | 13 | €1,173,928 | €22,684 | -€1.2m | -98.1% |
| Non-distributable reserves | 130/1 | €22,684 | €22,684 | = | 0.0% |
| Legal reserve | 130 | €22,684 | €22,684 | = | 0.0% |
| Distributable reserves | 133 | €1,151,244 | - | -€1.2m | |
| Profit (loss) carried forward | 14 | - | -€620,174 | -€620,174 | |
| Amounts payable | 17/49 | €10,234,103 | €7,417,139 | -€2.8m | -27.5% |
| Amounts payable after more than one year | 17 | €6,943,144 | €6,473,144 | -€470,000 | -6.8% |
| Financial debts | 170/4 | €6,943,144 | €6,473,144 | -€470,000 | -6.8% |
| Amounts payable within one year | 42/48 | €3,090,339 | €936,081 | -€2.2m | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €917,200 | €765,000 | -€152,200 | -16.6% |
| Financial debts | 43 | €1,660,232 | - | -€1.7m | |
| Credit institutions | 430/8 | €1,660,232 | - | -€1.7m | |
| Trade debts | 44 | €419,556 | €171,081 | -€248,475 | -59.2% |
| Suppliers | 440/4 | €419,556 | €171,081 | -€248,475 | -59.2% |
| Taxes, remuneration and social security | 45 | €93,351 | - | -€93,351 | |
| Taxes | 450/3 | €93,351 | - | -€93,351 | |
| Accrued charges and deferred income | 492/3 | €200,619 | €7,913 | -€192,706 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €704 | +€511 | +266% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €72,259 | €1,219,797 | +€1.1m | +1,588% |
| Other operating charges | 640/8 | €7,353 | €3,099 | -€4,255 | -57.9% |
| Gross operating margin | 9900 | €474,550 | €261,552 | -€212,998 | -44.9% |
| Operating profit (loss) | 9901 | €394,745 | -€962,047 | -€1.4m | |
| Financial income | 75/76B | €28,039 | €7,283 | -€20,756 | -74.0% |
| Recurring financial income | 75 | €28,039 | €7,283 | -€20,756 | -74.0% |
| Financial charges | 65/66B | -€1,251 | €807,037 | +€808,289 | |
| Recurring financial charges | 65 | -€1,251 | €95,444 | +€96,695 | |
| Non-recurring financial charges | 66B | - | €711,594 | +€711,594 | |
| Profit (loss) for the period before taxes | 9903 | €424,036 | -€1,761,801 | -€2.2m | |
| Income taxes | 67/77 | €93,351 | €9,617 | -€83,735 | -89.7% |
| Profit (loss) for the period | 9904 | €330,684 | -€1,771,418 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €330,684 | -€1,771,418 | -€2.1m |
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 13 October 2026 via checked.be.