ARCEA: what changed
Two fiscal 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.
ARCEA
Largest movements
- Receivables within one year -€88,198
down €88,198 (-11.9%), from €741,117 to €652,919
of which Trade receivables: -€89,726
- Cash -€85,466
down €85,466 (-35.3%), from €242,121 to €156,655
mainly Trade debts (-€87,980) and Debts after one year (-€74,030)
- Tangible fixed assets -€24,593
down €24,593 (-15.4%), from €159,384 to €134,790
of which Furniture and vehicles: -€13,328
- Trade debts -€87,980
down €87,980 (-33.7%), from €261,032 to €173,052
- Debts after one year -€74,030
down €74,030 (-30.1%), from €246,328 to €172,297
- Tax, wage and social debts -€68,574
down €68,574 (-43.2%), from €158,623 to €90,049
of which Taxes: -€72,620
- Staff costs +€87,664
up €87,664 (+37.2%), from €235,400 to €323,065
- Taxes -€21,893
down €21,893 (-72.1%), from €30,364 to €8,471
- Gross operating margin -€15,649
down €15,649 (-3.5%), from €442,660 to €427,012
- Financial charges -€6,823
down €6,823 (-37.2%), from €18,325 to €11,502
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 | €1,264,325 | €1,053,646 | -€210,679 | -16.7% |
| Fixed assets | 21/28 | €275,444 | €234,381 | -€41,063 | -14.9% |
| Intangible fixed assets | 21 | €30,411 | €18,191 | -€12,220 | -40.2% |
| Tangible fixed assets | 22/27 | €159,384 | €134,790 | -€24,593 | -15.4% |
| Plant, machinery and equipment | 23 | €113,966 | €102,701 | -€11,265 | -9.9% |
| Furniture and vehicles | 24 | €45,418 | €32,089 | -€13,328 | -29.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €85,649 | €81,399 | -€4,250 | -5.0% |
| Current assets | 29/58 | €988,881 | €819,266 | -€169,616 | -17.2% |
| Amounts receivable within one year | 40/41 | €741,117 | €652,919 | -€88,198 | -11.9% |
| Trade receivables | 40 | €741,117 | €651,390 | -€89,726 | -12.1% |
| Other amounts receivable | 41 | - | €1,529 | +€1,529 | |
| Cash at bank and in hand | 54/58 | €242,121 | €156,655 | -€85,466 | -35.3% |
| Deferred charges and accrued income | 490/1 | €5,643 | €9,692 | +€4,048 | +71.7% |
| Total equity and liabilities | 10/49 | €1,264,325 | €1,053,646 | -€210,679 | -16.7% |
| Equity | 10/15 | €519,199 | €530,988 | +€11,788 | +2.3% |
| Contributions | 10/11 | €80,200 | €80,200 | = | 0.0% |
| Reserves | 13 | €1,880 | €1,880 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,880 | €1,880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,880 | €1,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €437,119 | €448,908 | +€11,788 | +2.7% |
| Amounts payable | 17/49 | €745,126 | €522,659 | -€222,467 | -29.9% |
| Amounts payable after more than one year | 17 | €246,328 | €172,297 | -€74,030 | -30.1% |
| Financial debts | 170/4 | €246,328 | €172,297 | -€74,030 | -30.1% |
| Amounts payable within one year | 42/48 | €498,798 | €350,361 | -€148,437 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €75,757 | €74,030 | -€1,726 | -2.3% |
| Financial debts | 43 | €3,386 | €3,370 | -€16 | -0.5% |
| Credit institutions | 430/8 | €3,386 | €3,370 | -€16 | -0.5% |
| Trade debts | 44 | €261,032 | €173,052 | -€87,980 | -33.7% |
| Suppliers | 440/4 | €261,032 | €173,052 | -€87,980 | -33.7% |
| Taxes, remuneration and social security | 45 | €158,623 | €90,049 | -€68,574 | -43.2% |
| Taxes | 450/3 | €107,343 | €34,723 | -€72,620 | -67.7% |
| Remuneration and social security | 454/9 | €51,280 | €55,326 | +€4,046 | +7.9% |
| Other amounts payable | 47/48 | €0 | €9,860 | +€9,860 | |
| Non-recurring operating income | 76A | €0 | €175 | +€175 | |
| Remuneration, social security and pensions | 62 | €235,400 | €323,065 | +€87,664 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,977 | €57,548 | -€1,430 | -2.4% |
| Other operating charges | 640/8 | €6,303 | €4,612 | -€1,691 | -26.8% |
| Non-recurring operating charges | 66A | €1,919 | €165 | -€1,754 | -91.4% |
| Gross operating margin | 9900 | €442,660 | €427,012 | -€15,649 | -3.5% |
| Operating profit (loss) | 9901 | €140,061 | €41,622 | -€98,439 | -70.3% |
| Financial income | 75/76B | €30 | €0 | -€30 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100.0% |
| Financial charges | 65/66B | €18,325 | €11,502 | -€6,823 | -37.2% |
| Recurring financial charges | 65 | €18,325 | €11,502 | -€6,823 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €121,766 | €30,120 | -€91,646 | -75.3% |
| Income taxes | 67/77 | €30,364 | €8,471 | -€21,893 | -72.1% |
| Profit (loss) for the period | 9904 | €91,402 | €21,648 | -€69,754 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,402 | €21,648 | -€69,754 | -76.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.