ARCLO: 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.
ARCLO
Largest movements
- Tangible fixed assets +€163,661
up €163,661 (+114.3%), from €143,245 to €306,906
of which Plant, machinery and equipment: +€179,987
- Receivables within one year -€37,856
down €37,856 (-19.6%), from €192,950 to €155,094
of which Trade receivables: -€24,096
- Stocks and contracts -€32,027
down €32,027 (-34.2%), from €93,726 to €61,699
of which Contracts in progress: -€21,419
- Deferred charges and accrued income +€7,395
up €7,395 (+256.8%), from €2,879 to €10,274
- Debts after one year +€115,838
up €115,838 (+234.3%), from €49,440 to €165,278
- Current portion of long-term debt -€42,173
down €42,173 (-37.6%), from €112,041 to €69,867
- Profit (loss) carried forward +€39,260
up €39,260 (+104.8%), from €37,459 to €76,720
- Trade debts -€20,428
down €20,428 (-23.7%), from €86,059 to €65,632
- Tax, wage and social debts +€9,863
up €9,863 (+161.2%), from €6,119 to €15,982
of which Remuneration and social security: +€5,756
- Staff costs -€41,633
down €41,633 (-24.9%), from €166,947 to €125,314
- Gross operating margin -€37,516
down €37,516 (-13.8%), from €271,691 to €234,174
- Depreciation -€11,754
down €11,754 (-21.1%), from €55,806 to €44,052
- Financial charges +€9,451
up €9,451 (+118.0%), from €8,010 to €17,461
- Taxes +€4,600
new in 2025: €4,600
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 | €491,986 | €594,550 | +€102,564 | +20.8% |
| Fixed assets | 21/28 | €146,395 | €310,056 | +€163,661 | +111.8% |
| Tangible fixed assets | 22/27 | €143,245 | €306,906 | +€163,661 | +114.3% |
| Land and buildings | 22 | €26,381 | €24,288 | -€2,094 | -7.9% |
| Plant, machinery and equipment | 23 | €86,521 | €266,508 | +€179,987 | +208.0% |
| Furniture and vehicles | 24 | €22,179 | €11,666 | -€10,513 | -47.4% |
| Leasing and similar rights | 25 | €8,164 | €4,444 | -€3,720 | -45.6% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €345,591 | €284,494 | -€61,097 | -17.7% |
| Stocks and contracts in progress | 3 | €93,726 | €61,699 | -€32,027 | -34.2% |
| Stocks | 30/36 | €51,107 | €40,499 | -€10,608 | -20.8% |
| Contracts in progress | 37 | €42,619 | €21,200 | -€21,419 | -50.3% |
| Amounts receivable within one year | 40/41 | €192,950 | €155,094 | -€37,856 | -19.6% |
| Trade receivables | 40 | €168,819 | €144,723 | -€24,096 | -14.3% |
| Other amounts receivable | 41 | €24,131 | €10,371 | -€13,760 | -57.0% |
| Cash at bank and in hand | 54/58 | €56,036 | €57,427 | +€1,392 | +2.5% |
| Deferred charges and accrued income | 490/1 | €2,879 | €10,274 | +€7,395 | +256.8% |
| Total equity and liabilities | 10/49 | €491,986 | €594,550 | +€102,564 | +20.8% |
| Equity | 10/15 | €104,143 | €143,404 | +€39,260 | +37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,484 | €60,484 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €41,734 | €41,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,459 | €76,720 | +€39,260 | +104.8% |
| Amounts payable | 17/49 | €387,842 | €451,146 | +€63,304 | +16.3% |
| Amounts payable after more than one year | 17 | €49,440 | €165,278 | +€115,838 | +234.3% |
| Financial debts | 170/4 | €49,440 | €165,278 | +€115,838 | +234.3% |
| Amounts payable within one year | 42/48 | €338,403 | €285,868 | -€52,535 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €112,041 | €69,867 | -€42,173 | -37.6% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €86,059 | €65,632 | -€20,428 | -23.7% |
| Suppliers | 440/4 | €86,059 | €65,632 | -€20,428 | -23.7% |
| Taxes, remuneration and social security | 45 | €6,119 | €15,982 | +€9,863 | +161.2% |
| Taxes | 450/3 | €1,472 | €5,579 | +€4,107 | +279.1% |
| Remuneration and social security | 454/9 | €4,647 | €10,403 | +€5,756 | +123.9% |
| Other amounts payable | 47/48 | €9,184 | €9,387 | +€203 | +2.2% |
| Remuneration, social security and pensions | 62 | €166,947 | €125,314 | -€41,633 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,806 | €44,052 | -€11,754 | -21.1% |
| Other operating charges | 640/8 | €4,157 | €3,721 | -€436 | -10.5% |
| Gross operating margin | 9900 | €271,691 | €234,174 | -€37,516 | -13.8% |
| Operating profit (loss) | 9901 | €44,781 | €61,088 | +€16,307 | +36.4% |
| Financial income | 75/76B | €688 | €233 | -€455 | -66.2% |
| Recurring financial income | 75 | €688 | €233 | -€455 | -66.2% |
| Financial charges | 65/66B | €8,010 | €17,461 | +€9,451 | +118.0% |
| Recurring financial charges | 65 | €8,010 | €17,461 | +€9,451 | +118.0% |
| Profit (loss) for the period before taxes | 9903 | €37,459 | €43,860 | +€6,400 | +17.1% |
| Income taxes | 67/77 | - | €4,600 | +€4,600 | |
| Profit (loss) for the period | 9904 | €37,459 | €39,260 | +€1,801 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,459 | €39,260 | +€1,801 | +4.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.