Arcisco: 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.
What changed
Arcisco
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,203
2024 · €1.9m-€1.9m
Equity
€2.3m
2024 · €2.6m-€314,499
Cash
€19,416
2024 · €54,179-€34,763
Balance sheet total
€4.7m
2024 · €4.9m-€224,945
Largest movements
Assets
- Tangible fixed assets -€174,995
down €174,995 (-7.6%), from €2.3m to €2.1m
of which Land and buildings: -€116,537
Equity and liabilities
- Other debts +€518,245
up €518,245, from €0 to €518,245
- Debts after one year -€396,615
down €396,615 (-18.9%), from €2.1m to €1.7m
of which Other amounts payable: -€256,526
- Reserves -€314,499
down €314,499 (-12.3%), from €2.6m to €2.2m
Income statement
- Gross operating margin -€1.8m
down €1.8m (-88.0%), from €2.1m to €247,911
- Depreciation +€63,855
up €63,855 (+50.9%), from €125,542 to €189,397
- Financial income -€49,515
down €49,515 (-58.8%), from €84,188 to €34,673
- Taxes -€34,561
down €34,561 (-79.3%), from €43,597 to €9,036
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.
Result 2024
€1.9m
Gross operating margin
-€1.8m
Depreciation
-€63,855
Other operating charges
-€7,851
Financial income
-€49,515
Financial charges
-€17,645
Taxes
+€34,561
Result 2025
€8,203
raises the resultlowers the result
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.
From operations
+€717,588
Investment
-€17,201
Financing
-€735,150
Cash 2024
€54,179
From operations (derived)
+€717,588
Net result for the year
+€8,203
Depreciation
+€189,397
Receivables within one year
+€10,240
Deferred charges and accrued income
+€7,745
Trade debts
-€13,924
Tax, wage and social debts
-€2,314
Other debts
+€518,245
Accrued charges and deferred income
-€5
Investment (derived)
-€17,201
Investment in fixed assets (net)
-€17,201
Financing
-€735,150
Debts after one year
-€396,615
Current portion of long-term debt
-€15,833
Contributions, distributions and other
-€322,702
Cash 2025
€19,416
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,913,836 | €4,688,891 | -€224,945 | -4.6% |
| Fixed assets | 21/28 | €4,708,999 | €4,536,802 | -€172,196 | -3.7% |
| Intangible fixed assets | 21 | €29,901 | €27,950 | -€1,951 | -6.5% |
| Tangible fixed assets | 22/27 | €2,289,858 | €2,114,862 | -€174,995 | -7.6% |
| Land and buildings | 22 | €2,003,785 | €1,887,247 | -€116,537 | -5.8% |
| Plant, machinery and equipment | 23 | €17,928 | €8,796 | -€9,132 | -50.9% |
| Furniture and vehicles | 24 | €86,406 | €63,847 | -€22,558 | -26.1% |
| Leasing and similar rights | 25 | €181,740 | €154,972 | -€26,768 | -14.7% |
| Financial fixed assets | 28 | €2,389,240 | €2,393,990 | +€4,750 | +0.2% |
| Current assets | 29/58 | €204,837 | €152,089 | -€52,749 | -25.8% |
| Stocks and contracts in progress | 3 | €41,813 | €41,813 | = | 0.0% |
| Stocks | 30/36 | €41,813 | €41,813 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,951 | €66,710 | -€10,240 | -13.3% |
| Trade receivables | 40 | €76,946 | €31,744 | -€45,201 | -58.7% |
| Other amounts receivable | 41 | €5 | €34,966 | +€34,961 | +710,591% |
| Cash at bank and in hand | 54/58 | €54,179 | €19,416 | -€34,763 | -64.2% |
| Deferred charges and accrued income | 490/1 | €31,895 | €24,150 | -€7,745 | -24.3% |
| Total equity and liabilities | 10/49 | €4,913,836 | €4,688,891 | -€224,945 | -4.6% |
| Equity | 10/15 | €2,573,198 | €2,258,699 | -€314,499 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,554,598 | €2,240,099 | -€314,499 | -12.3% |
| Distributable reserves | 133 | €2,554,598 | €2,240,099 | -€314,499 | -12.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,340,638 | €2,430,191 | +€89,554 | +3.8% |
| Amounts payable after more than one year | 17 | €2,095,449 | €1,698,834 | -€396,615 | -18.9% |
| Financial debts | 170/4 | €1,452,398 | €1,312,309 | -€140,090 | -9.6% |
| Other amounts payable | 178/9 | €643,051 | €386,525 | -€256,526 | -39.9% |
| Amounts payable within one year | 42/48 | €245,008 | €731,183 | +€486,174 | +198% |
| Current portion of amounts payable after more than one year | 42 | €155,923 | €140,090 | -€15,833 | -10.2% |
| Trade debts | 44 | €37,009 | €23,085 | -€13,924 | -37.6% |
| Suppliers | 440/4 | €37,009 | €23,085 | -€13,924 | -37.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €52,077 | €49,763 | -€2,314 | -4.4% |
| Taxes | 450/3 | €49,694 | €49,763 | +€69 | +0.1% |
| Remuneration and social security | 454/9 | €2,383 | €0 | -€2,383 | -100% |
| Other amounts payable | 47/48 | €0 | €518,245 | +€518,245 | |
| Accrued charges and deferred income | 492/3 | €180 | €175 | -€5 | -2.9% |
| Non-recurring operating income | 76A | €1,764,315 | €8,500 | -€1.8m | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,542 | €189,397 | +€63,855 | +50.9% |
| Other operating charges | 640/8 | €2,924 | €10,775 | +€7,851 | +268% |
| Gross operating margin | 9900 | €2,058,008 | €247,911 | -€1.8m | -88.0% |
| Operating profit (loss) | 9901 | €1,929,542 | €47,739 | -€1.9m | -97.5% |
| Financial income | 75/76B | €84,188 | €34,673 | -€49,515 | -58.8% |
| Recurring financial income | 75 | €84,188 | €34,673 | -€49,515 | -58.8% |
| Financial charges | 65/66B | €47,528 | €65,173 | +€17,645 | +37.1% |
| Recurring financial charges | 65 | €47,528 | €65,173 | +€17,645 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €1,966,202 | €17,239 | -€1.9m | -99.1% |
| Income taxes | 67/77 | €43,597 | €9,036 | -€34,561 | -79.3% |
| Profit (loss) for the period | 9904 | €1,922,605 | €8,203 | -€1.9m | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,922,605 | €8,203 | -€1.9m | -99.6% |
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 13 October 2026 via checked.be.