ARCATI NICO: 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.
ARCATI NICO
Largest movements
- Tangible fixed assets -€30,457
down €30,457 (-11.3%), from €269,026 to €238,570
- Receivables within one year -€15,422
down €15,422 (-25.2%), from €61,078 to €45,656
of which Trade receivables: -€10,726
- Debts after one year -€27,690
down €27,690 (-17.2%), from €160,957 to €133,266
- Trade debts -€26,419
down €26,419 (-33.6%), from €78,609 to €52,190
- Reserves +€7,014
up €7,014 (+14.4%), from €48,564 to €55,578
of which Distributable reserves: +€7,014
- Short-term financial debts +€6,926
up €6,926 (+50.5%), from €13,703 to €20,630
- Current portion of long-term debt -€5,447
down €5,447 (-16.4%), from €33,137 to €27,690
- Gross operating margin +€10,234
up €10,234 (+9.1%), from €112,056 to €122,291
- Staff costs -€5,770
down €5,770 (-8.8%), from €65,836 to €60,066
- Financial charges +€5,615
up €5,615 (+63.5%), from €8,849 to €14,464
- Depreciation +€4,642
up €4,642 (+18.0%), from €25,815 to €30,457
- Taxes +€3,390
up €3,390 (+74.3%), from €4,564 to €7,954
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €365,482 | €317,941 | -€47,541 | -13.0% |
| Fixed assets | 21/28 | €269,476 | €239,020 | -€30,457 | -11.3% |
| Tangible fixed assets | 22/27 | €269,026 | €238,570 | -€30,457 | -11.3% |
| Land and buildings | 22 | €175,279 | €169,420 | -€5,859 | -3.3% |
| Plant, machinery and equipment | 23 | €60,872 | €47,545 | -€13,327 | -21.9% |
| Furniture and vehicles | 24 | €3,005 | €2,200 | -€805 | -26.8% |
| Leasing and similar rights | 25 | €29,870 | €19,405 | -€10,465 | -35.0% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €96,006 | €78,921 | -€17,084 | -17.8% |
| Stocks and contracts in progress | 3 | €31,058 | €28,903 | -€2,155 | -6.9% |
| Stocks | 30/36 | €13,608 | €15,703 | +€2,095 | +15.4% |
| Contracts in progress | 37 | €17,450 | €13,200 | -€4,250 | -24.4% |
| Amounts receivable within one year | 40/41 | €61,078 | €45,656 | -€15,422 | -25.2% |
| Trade receivables | 40 | €27,121 | €16,395 | -€10,726 | -39.5% |
| Other amounts receivable | 41 | €33,957 | €29,261 | -€4,696 | -13.8% |
| Deferred charges and accrued income | 490/1 | €3,870 | €4,362 | +€493 | +12.7% |
| Total equity and liabilities | 10/49 | €365,482 | €317,941 | -€47,541 | -13.0% |
| Equity | 10/15 | €67,164 | €74,178 | +€7,014 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,564 | €55,578 | +€7,014 | +14.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,704 | €53,718 | +€7,014 | +15.0% |
| Amounts payable | 17/49 | €298,318 | €243,763 | -€54,555 | -18.3% |
| Amounts payable after more than one year | 17 | €160,957 | €133,266 | -€27,690 | -17.2% |
| Financial debts | 170/4 | €160,957 | €133,266 | -€27,690 | -17.2% |
| Amounts payable within one year | 42/48 | €137,361 | €110,497 | -€26,865 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €33,137 | €27,690 | -€5,447 | -16.4% |
| Financial debts | 43 | €13,703 | €20,630 | +€6,926 | +50.5% |
| Credit institutions | 430/8 | €13,703 | €20,630 | +€6,926 | +50.5% |
| Trade debts | 44 | €78,609 | €52,190 | -€26,419 | -33.6% |
| Suppliers | 440/4 | €78,609 | €52,190 | -€26,419 | -33.6% |
| Taxes, remuneration and social security | 45 | €11,911 | €9,987 | -€1,925 | -16.2% |
| Taxes | 450/3 | €11,911 | €7,954 | -€3,957 | -33.2% |
| Remuneration and social security | 454/9 | - | €2,033 | +€2,033 | |
| Remuneration, social security and pensions | 62 | €65,836 | €60,066 | -€5,770 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,815 | €30,457 | +€4,642 | +18.0% |
| Other operating charges | 640/8 | €4,599 | €3,191 | -€1,407 | -30.6% |
| Gross operating margin | 9900 | €112,056 | €122,291 | +€10,234 | +9.1% |
| Operating profit (loss) | 9901 | €15,807 | €28,576 | +€12,770 | +80.8% |
| Financial income | 75/76B | €534 | €856 | +€322 | +60.3% |
| Recurring financial income | 75 | €534 | €856 | +€322 | +60.3% |
| Financial charges | 65/66B | €8,849 | €14,464 | +€5,615 | +63.5% |
| Recurring financial charges | 65 | €8,849 | €14,464 | +€5,615 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | €7,492 | €14,968 | +€7,476 | +99.8% |
| Income taxes | 67/77 | €4,564 | €7,954 | +€3,390 | +74.3% |
| Profit (loss) for the period | 9904 | €2,928 | €7,014 | +€4,087 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €2,928 | €7,014 | +€4,087 | +140% |
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 16 October 2026 via checked.be.