Arceblo: 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.
Arceblo
Largest movements
- Receivables within one year +€28,216
up €28,216 (+23.0%), from €122,753 to €150,969
of which Other amounts receivable: +€41,779
- Cash +€22,981
up €22,981 (+49.3%), from €46,656 to €69,637
mainly Net result for the year (+€38,941) and Tax, wage and social debts (+€25,066)
- Tangible fixed assets -€16,067
down €16,067 (-33.7%), from €47,675 to €31,608
of which Leasing and similar rights: -€12,382
- Financial fixed assets -€2,850
no longer reported in 2025 (was €2,850)
- Reserves +€30,000
up €30,000 (+137.2%), from €21,860 to €51,860
- Tax, wage and social debts +€25,066
up €25,066 (+94.9%), from €26,410 to €51,476
of which Taxes: +€18,060
- Trade debts -€17,712
down €17,712 (-63.3%), from €27,991 to €10,280
- Debts after one year -€10,992
down €10,992 (-34.2%), from €32,151 to €21,159
- Profit (loss) carried forward +€8,941
up €8,941 (+11.0%), from €81,349 to €90,291
- Staff costs -€97,345
down €97,345 (-38.4%), from €253,720 to €156,376
- Gross operating margin -€60,109
down €60,109 (-18.1%), from €331,748 to €271,638
- Taxes +€14,623
up €14,623 (+31.3%), from €46,768 to €61,391
- Financial income -€8,850
down €8,850 (-60.3%), from €14,667 to €5,818
of which Non-recurring financial income: -€10,800
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 | €219,934 | €252,637 | +€32,703 | +14.9% |
| Fixed assets | 21/28 | €50,525 | €31,608 | -€18,917 | -37.4% |
| Tangible fixed assets | 22/27 | €47,675 | €31,608 | -€16,067 | -33.7% |
| Plant, machinery and equipment | 23 | €3,445 | €2,135 | -€1,311 | -38.0% |
| Furniture and vehicles | 24 | €3,049 | €675 | -€2,374 | -77.9% |
| Leasing and similar rights | 25 | €41,180 | €28,798 | -€12,382 | -30.1% |
| Financial fixed assets | 28 | €2,850 | - | -€2,850 | |
| Current assets | 29/58 | €169,409 | €221,029 | +€51,620 | +30.5% |
| Amounts receivable within one year | 40/41 | €122,753 | €150,969 | +€28,216 | +23.0% |
| Trade receivables | 40 | €27,667 | €14,104 | -€13,563 | -49.0% |
| Other amounts receivable | 41 | €95,086 | €136,865 | +€41,779 | +43.9% |
| Cash at bank and in hand | 54/58 | €46,656 | €69,637 | +€22,981 | +49.3% |
| Deferred charges and accrued income | 490/1 | - | €423 | +€423 | |
| Total equity and liabilities | 10/49 | €219,934 | €252,637 | +€32,703 | +14.9% |
| Equity | 10/15 | €121,809 | €160,751 | +€38,941 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €51,860 | +€30,000 | +137.2% |
| Distributable reserves | 133 | €21,860 | €51,860 | +€30,000 | +137.2% |
| Profit (loss) carried forward | 14 | €81,349 | €90,291 | +€8,941 | +11.0% |
| Amounts payable | 17/49 | €98,124 | €91,887 | -€6,238 | -6.4% |
| Amounts payable after more than one year | 17 | €32,151 | €21,159 | -€10,992 | -34.2% |
| Financial debts | 170/4 | €32,151 | €21,159 | -€10,992 | -34.2% |
| Amounts payable within one year | 42/48 | €65,973 | €70,727 | +€4,754 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €11,572 | €8,972 | -€2,600 | -22.5% |
| Trade debts | 44 | €27,991 | €10,280 | -€17,712 | -63.3% |
| Suppliers | 440/4 | €27,991 | €10,280 | -€17,712 | -63.3% |
| Taxes, remuneration and social security | 45 | €26,410 | €51,476 | +€25,066 | +94.9% |
| Taxes | 450/3 | €26,410 | €44,470 | +€18,060 | +68.4% |
| Remuneration and social security | 454/9 | - | €7,006 | +€7,006 | |
| Remuneration, social security and pensions | 62 | €253,720 | €156,376 | -€97,345 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,888 | €14,091 | +€2,203 | +18.5% |
| Other operating charges | 640/8 | €2,876 | €2,422 | -€453 | -15.8% |
| Non-recurring operating charges | 66A | €3,964 | €1,877 | -€2,088 | -52.7% |
| Gross operating margin | 9900 | €331,748 | €271,638 | -€60,109 | -18.1% |
| Operating profit (loss) | 9901 | €59,300 | €96,872 | +€37,573 | +63.4% |
| Financial income | 75/76B | €14,667 | €5,818 | -€8,850 | -60.3% |
| Recurring financial income | 75 | €3,867 | €5,818 | +€1,950 | +50.4% |
| Non-recurring financial income | 76B | €10,800 | - | -€10,800 | |
| Financial charges | 65/66B | €3,839 | €2,358 | -€1,481 | -38.6% |
| Recurring financial charges | 65 | €3,839 | €2,358 | -€1,481 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €70,128 | €100,332 | +€30,204 | +43.1% |
| Income taxes | 67/77 | €46,768 | €61,391 | +€14,623 | +31.3% |
| Profit (loss) for the period | 9904 | €23,361 | €38,941 | +€15,581 | +66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,361 | €38,941 | +€15,581 | +66.7% |
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 6 October 2026 via checked.be.