ARCO: 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.
ARCO
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€58,945
up €58,945 (+97.7%), from €60,355 to €119,300
mainly Current investments (+€100,000) and Depreciation (+€12,106)
- Tangible fixed assets +€51,774
up €51,774 (+70.9%), from €73,002 to €124,775
of which Land and buildings: +€56,054
- Reserves +€5,917
up €5,917 (+3.4%), from €174,000 to €179,917
of which Distributable reserves: +€5,917
- Tax, wage and social debts +€3,571
up €3,571 (+153.7%), from €2,323 to €5,895
- Depreciation +€3,004
up €3,004 (+33.0%), from €9,102 to €12,106
- Gross operating margin +€1,596
up €1,596 (+6.3%), from €25,539 to €27,135
- Financial income -€1,156
down €1,156 (-39.8%), from €2,903 to €1,747
- Taxes -€955
down €955 (-10.4%), from €9,154 to €8,198
- Other operating charges -€379
down €379 (-13.2%), from €2,866 to €2,487
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 | €245,115 | €255,865 | +€10,750 | +4.4% |
| Fixed assets | 21/28 | €73,002 | €124,775 | +€51,774 | +70.9% |
| Tangible fixed assets | 22/27 | €73,002 | €124,775 | +€51,774 | +70.9% |
| Land and buildings | 22 | €57,984 | €114,038 | +€56,054 | +96.7% |
| Plant, machinery and equipment | 23 | €14,683 | €10,738 | -€3,946 | -26.9% |
| Furniture and vehicles | 24 | €334 | - | -€334 | |
| Current assets | 29/58 | €172,113 | €131,089 | -€41,024 | -23.8% |
| Amounts receivable within one year | 40/41 | €10,696 | €9,658 | -€1,038 | -9.7% |
| Trade receivables | 40 | €10,696 | €7,693 | -€3,004 | -28.1% |
| Other amounts receivable | 41 | - | €1,966 | +€1,966 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €60,355 | €119,300 | +€58,945 | +97.7% |
| Deferred charges and accrued income | 490/1 | €1,062 | €2,131 | +€1,069 | +100.7% |
| Total equity and liabilities | 10/49 | €245,115 | €255,865 | +€10,750 | +4.4% |
| Equity | 10/15 | €242,171 | €248,088 | +€5,917 | +2.4% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Capital | 10 | €68,171 | €68,171 | = | 0.0% |
| Issued capital | 100 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €174,000 | €179,917 | +€5,917 | +3.4% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Legal reserve | 130 | €6,817 | €6,817 | = | 0.0% |
| Distributable reserves | 133 | €167,183 | €173,100 | +€5,917 | +3.5% |
| Amounts payable | 17/49 | €2,944 | €7,777 | +€4,833 | +164.2% |
| Amounts payable within one year | 42/48 | €2,944 | €7,777 | +€4,833 | +164.2% |
| Trade debts | 44 | €620 | €1,882 | +€1,262 | +203.5% |
| Suppliers | 440/4 | €620 | €1,882 | +€1,262 | +203.5% |
| Taxes, remuneration and social security | 45 | €2,323 | €5,895 | +€3,571 | +153.7% |
| Taxes | 450/3 | €2,323 | €5,895 | +€3,571 | +153.7% |
| Non-recurring operating income | 76A | €2,229 | €2,397 | +€168 | +7.5% |
| Remuneration, social security and pensions | 62 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,102 | €12,106 | +€3,004 | +33.0% |
| Other operating charges | 640/8 | €2,866 | €2,487 | -€379 | -13.2% |
| Gross operating margin | 9900 | €25,539 | €27,135 | +€1,596 | +6.3% |
| Operating profit (loss) | 9901 | €13,571 | €12,477 | -€1,095 | -8.1% |
| Financial income | 75/76B | €2,903 | €1,747 | -€1,156 | -39.8% |
| Recurring financial income | 75 | €2,903 | €1,747 | -€1,156 | -39.8% |
| Financial charges | 65/66B | €112 | €108 | -€3 | -2.9% |
| Recurring financial charges | 65 | €112 | €108 | -€3 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €16,363 | €14,115 | -€2,248 | -13.7% |
| Income taxes | 67/77 | €9,154 | €8,198 | -€955 | -10.4% |
| Profit (loss) for the period | 9904 | €7,209 | €5,917 | -€1,292 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,209 | €5,917 | -€1,292 | -17.9% |
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 6 October 2026 via checked.be.