ARCATIM: 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.
ARCATIM
Largest movements
- Current investments +€136,598
up €136,598 (+68.3%), from €200,000 to €336,598
- Cash -€110,586
down €110,586 (-70.4%), from €157,132 to €46,546
mainly Current investments (-€136,598) and Contributions, distributions and other (-€53,500)
- Other debts +€50,845
up €50,845 (+758.0%), from €6,708 to €57,553
- Reserves -€23,500
down €23,500 (-9.4%), from €250,718 to €227,218
of which Distributable reserves: -€23,500
- Taxes -€4,586
down €4,586 (-20.0%), from €22,976 to €18,390
- Other operating charges +€4,294
up €4,294 (+527.3%), from €814 to €5,109
- Gross operating margin -€4,063
down €4,063 (-7.2%), from €56,226 to €52,163
- Financial charges -€1,014
down €1,014 (-62.9%), from €1,612 to €598
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 | €357,541 | €385,551 | +€28,010 | +7.8% |
| Current assets | 29/58 | €357,541 | €385,551 | +€28,010 | +7.8% |
| Amounts receivable within one year | 40/41 | €409 | €2,407 | +€1,998 | +488.5% |
| Other amounts receivable | 41 | €409 | €2,407 | +€1,998 | +488.5% |
| Current investments | 50/53 | €200,000 | €336,598 | +€136,598 | +68.3% |
| Cash at bank and in hand | 54/58 | €157,132 | €46,546 | -€110,586 | -70.4% |
| Total equity and liabilities | 10/49 | €357,541 | €385,551 | +€28,010 | +7.8% |
| Equity | 10/15 | €327,133 | €304,847 | -€22,286 | -6.8% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Capital | 10 | €37,184 | €37,184 | = | 0.0% |
| Issued capital | 100 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €250,718 | €227,218 | -€23,500 | -9.4% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €247,000 | €223,500 | -€23,500 | -9.5% |
| Profit (loss) carried forward | 14 | €39,231 | €40,445 | +€1,214 | +3.1% |
| Amounts payable | 17/49 | €30,408 | €80,704 | +€50,296 | +165.4% |
| Amounts payable within one year | 42/48 | €30,408 | €80,704 | +€50,296 | +165.4% |
| Trade debts | 44 | €904 | €302 | -€601 | -66.5% |
| Suppliers | 440/4 | €904 | €302 | -€601 | -66.5% |
| Taxes, remuneration and social security | 45 | €22,796 | €22,848 | +€52 | +0.2% |
| Taxes | 450/3 | €22,796 | €22,848 | +€52 | +0.2% |
| Other amounts payable | 47/48 | €6,708 | €57,553 | +€50,845 | +758.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | -€0 | |
| Other operating charges | 640/8 | €814 | €5,109 | +€4,294 | +527.3% |
| Gross operating margin | 9900 | €56,226 | €52,163 | -€4,063 | -7.2% |
| Operating profit (loss) | 9901 | €55,411 | €47,054 | -€8,357 | -15.1% |
| Financial income | 75/76B | €2,631 | €3,148 | +€516 | +19.6% |
| Recurring financial income | 75 | €2,631 | €3,148 | +€516 | +19.6% |
| Financial charges | 65/66B | €1,612 | €598 | -€1,014 | -62.9% |
| Recurring financial charges | 65 | €1,612 | €598 | -€1,014 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | €56,430 | €49,604 | -€6,827 | -12.1% |
| Income taxes | 67/77 | €22,976 | €18,390 | -€4,586 | -20.0% |
| Profit (loss) for the period | 9904 | €33,455 | €31,214 | -€2,240 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,455 | €31,214 | -€2,240 | -6.7% |
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 9 October 2026 via checked.be.