Arcelar: 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.
Arcelar
Largest movements
- Receivables within one year +€466,545
up €466,545 (+99.1%), from €470,973 to €937,518
of which Other amounts receivable: +€400,598
- Cash -€327,446
down €327,446 (-61.3%), from €533,978 to €206,532
mainly Receivables within one year (-€466,545) and Contributions, distributions and other (-€400,000)
- Tangible fixed assets -€20,241
down €20,241 (-48.6%), from €41,623 to €21,383
of which Furniture and vehicles: -€18,121
- Other debts +€397,600
new in 2025: €397,600
- Profit (loss) carried forward -€297,525
down €297,525 (-93.7%), from €317,676 to €20,151
- Trade debts +€49,716
up €49,716 (+260.3%), from €19,098 to €68,815
- Reserves -€30,000
down €30,000 (-6.4%), from €471,860 to €441,860
- Gross operating margin -€617,898
down €617,898 (-37.7%), from €1.6m to €1.0m
- Staff costs -€574,347
down €574,347 (-39.2%), from €1.5m to €890,065
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 | €1,055,974 | €1,165,909 | +€109,935 | +10.4% |
| Fixed assets | 21/28 | €41,623 | €21,383 | -€20,241 | -48.6% |
| Tangible fixed assets | 22/27 | €41,623 | €21,383 | -€20,241 | -48.6% |
| Land and buildings | 22 | €18,434 | €16,315 | -€2,120 | -11.5% |
| Furniture and vehicles | 24 | €23,189 | €5,068 | -€18,121 | -78.1% |
| Current assets | 29/58 | €1,014,350 | €1,144,526 | +€130,176 | +12.8% |
| Amounts receivable within one year | 40/41 | €470,973 | €937,518 | +€466,545 | +99.1% |
| Trade receivables | 40 | €470,930 | €536,877 | +€65,947 | +14.0% |
| Other amounts receivable | 41 | €43 | €400,641 | +€400,598 | +925809.6% |
| Cash at bank and in hand | 54/58 | €533,978 | €206,532 | -€327,446 | -61.3% |
| Deferred charges and accrued income | 490/1 | €9,399 | €476 | -€8,923 | -94.9% |
| Total equity and liabilities | 10/49 | €1,055,974 | €1,165,909 | +€109,935 | +10.4% |
| Equity | 10/15 | €808,136 | €480,611 | -€327,525 | -40.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €471,860 | €441,860 | -€30,000 | -6.4% |
| Distributable reserves | 133 | €471,860 | €441,860 | -€30,000 | -6.4% |
| Profit (loss) carried forward | 14 | €317,676 | €20,151 | -€297,525 | -93.7% |
| Amounts payable | 17/49 | €247,838 | €685,298 | +€437,460 | +176.5% |
| Amounts payable within one year | 42/48 | €247,838 | €685,298 | +€437,460 | +176.5% |
| Trade debts | 44 | €19,098 | €68,815 | +€49,716 | +260.3% |
| Suppliers | 440/4 | €19,098 | €68,815 | +€49,716 | +260.3% |
| Taxes, remuneration and social security | 45 | €228,740 | €218,884 | -€9,856 | -4.3% |
| Taxes | 450/3 | €91,820 | €112,658 | +€20,838 | +22.7% |
| Remuneration and social security | 454/9 | €136,919 | €106,225 | -€30,694 | -22.4% |
| Other amounts payable | 47/48 | - | €397,600 | +€397,600 | |
| Non-recurring operating income | 76A | €12,145 | €6,153 | -€5,993 | -49.3% |
| Remuneration, social security and pensions | 62 | €1,464,412 | €890,065 | -€574,347 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,601 | €6,341 | -€12,260 | -65.9% |
| Other operating charges | 640/8 | €14,151 | €5,182 | -€8,969 | -63.4% |
| Non-recurring operating charges | 66A | €33,068 | €1,492 | -€31,575 | -95.5% |
| Gross operating margin | 9900 | €1,639,751 | €1,021,853 | -€617,898 | -37.7% |
| Operating profit (loss) | 9901 | €109,520 | €118,773 | +€9,253 | +8.4% |
| Financial income | 75/76B | €0 | €641 | +€641 | +582745.5% |
| Recurring financial income | 75 | €0 | €641 | +€641 | +582745.5% |
| Financial charges | 65/66B | €5,944 | €10,861 | +€4,917 | +82.7% |
| Recurring financial charges | 65 | €5,944 | €10,861 | +€4,917 | +82.7% |
| Profit (loss) for the period before taxes | 9903 | €103,575 | €108,552 | +€4,977 | +4.8% |
| Income taxes | 67/77 | €51,036 | €36,077 | -€14,959 | -29.3% |
| Profit (loss) for the period | 9904 | €52,540 | €72,475 | +€19,936 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,540 | €72,475 | +€19,936 | +37.9% |
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 2 October 2026 via checked.be.