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 +€20,628
up €20,628 (+258%), from €8,001 to €28,629
mainly Depreciation (+€19,407) and Trade debts (+€14,240)
- Tangible fixed assets -€18,444
down €18,444 (-20.5%), from €89,902 to €71,458
of which Furniture and vehicles: -€17,459
- Receivables within one year +€6,074
up €6,074 (+23.8%), from €25,549 to €31,623
of which Other amounts receivable: +€9,781
- Debts after one year -€16,355
down €16,355 (-24.0%), from €68,011 to €51,656
- Trade debts +€14,240
up €14,240 (+901%), from €1,581 to €15,821
- Tax, wage and social debts +€7,762
up €7,762 (+121%), from €6,394 to €14,156
- Profit (loss) carried forward +€2,638
up €2,638 (+9.1%), from €28,927 to €31,565
- Depreciation +€16,019
up €16,019 (+473%), from €3,388 to €19,407
- Gross operating margin -€10,463
down €10,463 (-24.6%), from €42,453 to €31,990
- Taxes -€4,519
down €4,519 (-70.7%), from €6,394 to €1,875
- Financial charges +€3,350
up €3,350 (+125%), from €2,680 to €6,031
- Staff costs +€856
up €856 (+80.5%), from €1,064 to €1,920
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 | €123,987 | €132,054 | +€8,067 | +6.5% |
| Fixed assets | 21/28 | €89,902 | €71,458 | -€18,444 | -20.5% |
| Tangible fixed assets | 22/27 | €89,902 | €71,458 | -€18,444 | -20.5% |
| Plant, machinery and equipment | 23 | €4,109 | €3,124 | -€985 | -24.0% |
| Furniture and vehicles | 24 | €85,792 | €68,334 | -€17,459 | -20.4% |
| Current assets | 29/58 | €34,085 | €60,596 | +€26,511 | +77.8% |
| Amounts receivable within one year | 40/41 | €25,549 | €31,623 | +€6,074 | +23.8% |
| Trade receivables | 40 | €14,883 | €11,175 | -€3,708 | -24.9% |
| Other amounts receivable | 41 | €10,666 | €20,447 | +€9,781 | +91.7% |
| Cash at bank and in hand | 54/58 | €8,001 | €28,629 | +€20,628 | +258% |
| Deferred charges and accrued income | 490/1 | €535 | €345 | -€191 | -35.6% |
| Total equity and liabilities | 10/49 | €123,987 | €132,054 | +€8,067 | +6.5% |
| Equity | 10/15 | €31,427 | €34,065 | +€2,638 | +8.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,927 | €31,565 | +€2,638 | +9.1% |
| Amounts payable | 17/49 | €92,560 | €97,989 | +€5,429 | +5.9% |
| Amounts payable after more than one year | 17 | €68,011 | €51,656 | -€16,355 | -24.0% |
| Financial debts | 170/4 | €68,011 | €51,656 | -€16,355 | -24.0% |
| Amounts payable within one year | 42/48 | €24,549 | €46,333 | +€21,784 | +88.7% |
| Current portion of amounts payable after more than one year | 42 | €15,708 | €16,355 | +€647 | +4.1% |
| Trade debts | 44 | €1,581 | €15,821 | +€14,240 | +901% |
| Suppliers | 440/4 | €1,581 | €15,821 | +€14,240 | +901% |
| Taxes, remuneration and social security | 45 | €6,394 | €14,156 | +€7,762 | +121% |
| Taxes | 450/3 | €6,394 | €14,156 | +€7,762 | +121% |
| Other amounts payable | 47/48 | €865 | - | -€865 | |
| Remuneration, social security and pensions | 62 | €1,064 | €1,920 | +€856 | +80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,388 | €19,407 | +€16,019 | +473% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €42,453 | €31,990 | -€10,463 | -24.6% |
| Operating profit (loss) | 9901 | €38,001 | €10,544 | -€27,458 | -72.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,680 | €6,031 | +€3,350 | +125% |
| Recurring financial charges | 65 | €2,680 | €6,031 | +€3,350 | +125% |
| Profit (loss) for the period before taxes | 9903 | €35,321 | €4,513 | -€30,808 | -87.2% |
| Income taxes | 67/77 | €6,394 | €1,875 | -€4,519 | -70.7% |
| Profit (loss) for the period | 9904 | €28,927 | €2,638 | -€26,289 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,927 | €2,638 | -€26,289 | -90.9% |
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 16 October 2026 via checked.be.