ARCAVALO: 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.
ARCAVALO
Largest movements
- Receivables within one year -€12,036
down €12,036 (-10.0%), from €120,472 to €108,435
of which Other amounts receivable: -€10,572
- Other debts -€31,438
no longer reported in 2025 (was €31,438)
- Reserves +€24,972
up €24,972 (+41.6%), from €60,000 to €84,972
- Trade debts -€4,203
down €4,203 (-56.6%), from €7,424 to €3,222
- Tax, wage and social debts -€1,402
down €1,402 (-18.8%), from €7,441 to €6,039
- Gross operating margin -€5,247
down €5,247 (-13.5%), from €38,938 to €33,691
- Taxes +€1,225
up €1,225 (+13.1%), from €9,377 to €10,603
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 | €130,029 | €118,110 | -€11,919 | -9.2% |
| Fixed assets | 21/28 | €1,916 | €1,973 | +€57 | +3.0% |
| Tangible fixed assets | 22/27 | €1,891 | €1,948 | +€57 | +3.0% |
| Furniture and vehicles | 24 | €1,891 | €1,948 | +€57 | +3.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €128,113 | €116,137 | -€11,976 | -9.3% |
| Amounts receivable within one year | 40/41 | €120,472 | €108,435 | -€12,036 | -10.0% |
| Trade receivables | 40 | €18,956 | €17,492 | -€1,464 | -7.7% |
| Other amounts receivable | 41 | €101,516 | €90,944 | -€10,572 | -10.4% |
| Cash at bank and in hand | 54/58 | €1,843 | €2,059 | +€215 | +11.7% |
| Deferred charges and accrued income | 490/1 | €5,798 | €5,643 | -€155 | -2.7% |
| Total equity and liabilities | 10/49 | €130,029 | €118,110 | -€11,919 | -9.2% |
| Equity | 10/15 | €82,536 | €107,508 | +€24,972 | +30.3% |
| Contributions | 10/11 | €9,700 | €9,700 | = | 0.0% |
| Reserves | 13 | €60,000 | €84,972 | +€24,972 | +41.6% |
| Distributable reserves | 133 | €60,000 | €84,972 | +€24,972 | +41.6% |
| Profit (loss) carried forward | 14 | €12,836 | €12,836 | = | 0.0% |
| Amounts payable | 17/49 | €47,493 | €10,602 | -€36,891 | -77.7% |
| Amounts payable within one year | 42/48 | €47,493 | €10,602 | -€36,891 | -77.7% |
| Financial debts | 43 | €1,189 | €1,340 | +€152 | +12.8% |
| Credit institutions | 430/8 | €1,189 | €1,340 | +€152 | +12.8% |
| Trade debts | 44 | €7,424 | €3,222 | -€4,203 | -56.6% |
| Suppliers | 440/4 | €7,424 | €3,222 | -€4,203 | -56.6% |
| Taxes, remuneration and social security | 45 | €7,441 | €6,039 | -€1,402 | -18.8% |
| Taxes | 450/3 | €7,441 | €6,039 | -€1,402 | -18.8% |
| Other amounts payable | 47/48 | €31,438 | - | -€31,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €1,174 | +€197 | +20.1% |
| Other operating charges | 640/8 | €497 | €471 | -€25 | -5.1% |
| Gross operating margin | 9900 | €38,938 | €33,691 | -€5,247 | -13.5% |
| Operating profit (loss) | 9901 | €37,464 | €32,046 | -€5,419 | -14.5% |
| Financial income | 75/76B | €5,611 | €5,469 | -€142 | -2.5% |
| Recurring financial income | 75 | €5,611 | €5,469 | -€142 | -2.5% |
| Financial charges | 65/66B | €2,260 | €1,941 | -€319 | -14.1% |
| Recurring financial charges | 65 | €2,260 | €1,941 | -€319 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €40,816 | €35,574 | -€5,241 | -12.8% |
| Income taxes | 67/77 | €9,377 | €10,603 | +€1,225 | +13.1% |
| Profit (loss) for the period | 9904 | €31,438 | €24,972 | -€6,467 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,438 | €24,972 | -€6,467 | -20.6% |
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 18 October 2026 via checked.be.