ARCETIS: 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.
ARCETIS
Largest movements
- Current investments +€694,227
up €694,227 (+11.0%), from €6.3m to €7.0m
- Cash -€293,040
down €293,040 (-19.2%), from €1.5m to €1.2m
mainly Current investments (-€694,227) and Accrued charges and deferred income (-€52,724)
- Other debts +€242,583
up €242,583 (+24.9%), from €973,516 to €1.2m
- Financial income -€76,748
down €76,748 (-15.9%), from €482,487 to €405,739
- Financial charges +€46,436
up €46,436 (+88.0%), from €52,793 to €99,230
of which Financial charges: +€46,436
- Gross operating margin +€25,309
up €25,309 (+142.7%), from €17,742 to €43,051
- Staff costs +€10,542
up €10,542 (+13.7%), from €77,213 to €87,755
- Taxes +€8,263
up €8,263 (+11.5%), from €71,955 to €80,219
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 | €20,869,187 | €21,103,871 | +€234,684 | +1.1% |
| Fixed assets | 21/28 | €12,529,104 | €12,417,649 | -€111,455 | -0.9% |
| Tangible fixed assets | 22/27 | €6,373,240 | €6,261,785 | -€111,455 | -1.7% |
| Land and buildings | 22 | €1,655,278 | €1,587,531 | -€67,747 | -4.1% |
| Plant, machinery and equipment | 23 | €2,925 | €1,784 | -€1,141 | -39.0% |
| Furniture and vehicles | 24 | €386,364 | €345,967 | -€40,397 | -10.5% |
| Other tangible fixed assets | 26 | €4,328,674 | €4,326,503 | -€2,170 | -0.1% |
| Financial fixed assets | 28 | €6,155,864 | €6,155,864 | = | 0.0% |
| Current assets | 29/58 | €8,340,083 | €8,686,222 | +€346,139 | +4.2% |
| Amounts receivable within one year | 40/41 | €490,026 | €429,516 | -€60,510 | -12.3% |
| Trade receivables | 40 | €71,317 | €104,124 | +€32,807 | +46.0% |
| Other amounts receivable | 41 | €418,709 | €325,392 | -€93,316 | -22.3% |
| Current investments | 50/53 | €6,326,043 | €7,020,269 | +€694,227 | +11.0% |
| Cash at bank and in hand | 54/58 | €1,523,614 | €1,230,574 | -€293,040 | -19.2% |
| Deferred charges and accrued income | 490/1 | €400 | €5,863 | +€5,462 | +1364.6% |
| Total equity and liabilities | 10/49 | €20,869,187 | €21,103,871 | +€234,684 | +1.1% |
| Equity | 10/15 | €19,698,556 | €19,756,089 | +€57,533 | +0.3% |
| Contributions | 10/11 | €5,268,868 | €5,268,868 | = | 0.0% |
| Reserves | 13 | €14,429,688 | €14,487,221 | +€57,533 | +0.4% |
| Distributable reserves | 133 | €14,429,688 | €14,487,221 | +€57,533 | +0.4% |
| Amounts payable | 17/49 | €1,170,631 | €1,347,782 | +€177,151 | +15.1% |
| Amounts payable within one year | 42/48 | €1,040,956 | €1,270,831 | +€229,875 | +22.1% |
| Trade debts | 44 | €33,014 | €29,306 | -€3,708 | -11.2% |
| Suppliers | 440/4 | €33,014 | €29,306 | -€3,708 | -11.2% |
| Taxes, remuneration and social security | 45 | €34,426 | €25,426 | -€9,000 | -26.1% |
| Taxes | 450/3 | €19,030 | €9,030 | -€10,001 | -52.6% |
| Remuneration and social security | 454/9 | €15,396 | €16,397 | +€1,001 | +6.5% |
| Other amounts payable | 47/48 | €973,516 | €1,216,099 | +€242,583 | +24.9% |
| Accrued charges and deferred income | 492/3 | €129,675 | €76,951 | -€52,724 | -40.7% |
| Non-recurring operating income | 76A | €2,172 | €0 | -€2,172 | -100.0% |
| Remuneration, social security and pensions | 62 | €77,213 | €87,755 | +€10,542 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,201 | €108,739 | +€3,538 | +3.4% |
| Other operating charges | 640/8 | €9,858 | €10,566 | +€707 | +7.2% |
| Non-recurring operating charges | 66A | - | €4,750 | +€4,750 | |
| Gross operating margin | 9900 | €17,742 | €43,051 | +€25,309 | +142.7% |
| Operating profit (loss) | 9901 | -€174,530 | -€168,758 | +€5,773 | +3.3% |
| Financial income | 75/76B | €482,487 | €405,739 | -€76,748 | -15.9% |
| Recurring financial income | 75 | €482,487 | €405,739 | -€76,748 | -15.9% |
| Financial charges | 65/66B | €52,793 | €99,230 | +€46,436 | +88.0% |
| Recurring financial charges | 65 | €52,793 | €99,230 | +€46,436 | +88.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €255,163 | €137,752 | -€117,412 | -46.0% |
| Income taxes | 67/77 | €71,955 | €80,219 | +€8,263 | +11.5% |
| Profit (loss) for the period | 9904 | €183,208 | €57,533 | -€125,675 | -68.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €183,208 | €57,533 | -€125,675 | -68.6% |
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 3 October 2026 via checked.be.