ARCO: 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.
ARCO
Largest movements
- Cash +€30,362
up €30,362 (+102%), from €29,661 to €60,023
mainly Depreciation (+€21,924) and Accrued charges and deferred income (+€9,855)
- Tangible fixed assets -€21,924
down €21,924 (-3.6%), from €603,297 to €581,372
- Accrued charges and deferred income +€9,855
up €9,855 (+21.7%), from €45,380 to €55,235
- Financial charges -€3,066
down €3,066 (-15.8%), from €19,380 to €16,314
- Gross operating margin +€1,368
up €1,368 (+3.7%), from €36,572 to €37,940
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €639,667 | €646,248 | +€6,581 | +1.0% |
| Fixed assets | 21/28 | €603,297 | €581,372 | -€21,924 | -3.6% |
| Tangible fixed assets | 22/27 | €603,297 | €581,372 | -€21,924 | -3.6% |
| Land and buildings | 22 | €603,297 | €581,372 | -€21,924 | -3.6% |
| Current assets | 29/58 | €36,371 | €64,875 | +€28,505 | +78.4% |
| Amounts receivable within one year | 40/41 | €1,028 | €0 | -€1,028 | -100% |
| Other amounts receivable | 41 | €1,028 | €0 | -€1,028 | -100% |
| Cash at bank and in hand | 54/58 | €29,661 | €60,023 | +€30,362 | +102% |
| Deferred charges and accrued income | 490/1 | €5,681 | €4,852 | -€829 | -14.6% |
| Total equity and liabilities | 10/49 | €639,667 | €646,248 | +€6,581 | +1.0% |
| Equity | 10/15 | €323,585 | €317,937 | -€5,648 | -1.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €249,217 | €243,569 | -€5,648 | -2.3% |
| Tax-exempt reserves | 132 | €101,749 | €95,723 | -€6,026 | -5.9% |
| Distributable reserves | 133 | €147,468 | €147,846 | +€378 | +0.3% |
| Amounts payable | 17/49 | €316,082 | €328,311 | +€12,228 | +3.9% |
| Amounts payable after more than one year | 17 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €264,703 | €267,076 | +€2,373 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €160,000 | €160,000 | = | 0.0% |
| Trade debts | 44 | - | €17 | +€17 | |
| Suppliers | 440/4 | - | €17 | +€17 | |
| Taxes, remuneration and social security | 45 | - | €19 | +€19 | |
| Taxes | 450/3 | - | €19 | +€19 | |
| Other amounts payable | 47/48 | €104,703 | €107,040 | +€2,337 | +2.2% |
| Accrued charges and deferred income | 492/3 | €45,380 | €55,235 | +€9,855 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,924 | €21,924 | = | 0.0% |
| Other operating charges | 640/8 | €5,211 | €5,375 | +€164 | +3.1% |
| Gross operating margin | 9900 | €36,572 | €37,940 | +€1,368 | +3.7% |
| Operating profit (loss) | 9901 | €9,437 | €10,641 | +€1,204 | +12.8% |
| Financial income | 75/76B | €94 | €63 | -€31 | -32.9% |
| Recurring financial income | 75 | €94 | €63 | -€31 | -32.9% |
| Financial charges | 65/66B | €19,380 | €16,314 | -€3,066 | -15.8% |
| Recurring financial charges | 65 | €19,380 | €16,314 | -€3,066 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,849 | -€5,610 | +€4,239 | +43.0% |
| Income taxes | 67/77 | - | €38 | +€38 | |
| Profit (loss) for the period | 9904 | -€9,849 | -€5,648 | +€4,201 | +42.7% |
| Transfer from tax-exempt reserves | 789 | €6,026 | €6,026 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,823 | €378 | +€4,201 |
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 14 October 2026 via checked.be.