Arco Construct: 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 Construct
Largest movements
- Receivables within one year -€76,231
down €76,231 (-49.6%), from €153,809 to €77,578
of which Trade receivables: -€89,343
- Cash -€42,588
down €42,588 (-54.1%), from €78,705 to €36,117
mainly Trade debts (-€110,461) and Investment in fixed assets (net) (-€80,557)
- Tangible fixed assets +€18,262
up €18,262 (+2.0%), from €901,818 to €920,080
of which Furniture and vehicles: +€23,798
- Reserves +€217,924
up €217,924 (+314.5%), from €69,300 to €287,224
- Profit (loss) carried forward -€191,995
down €191,995 (-100.0%), from €191,995 to €0
- Trade debts -€110,461
down €110,461 (-82.2%), from €134,300 to €23,839
- Debts after one year -€41,392
down €41,392 (-5.8%), from €709,834 to €668,442
- Other debts +€22,535
up €22,535 (+232.4%), from €9,699 to €32,233
- Depreciation -€80,551
down €80,551 (-56.4%), from €142,846 to €62,295
- Financial charges +€23,221
up €23,221 (+1014.3%), from €2,289 to €25,511
- Gross operating margin +€19,675
up €19,675 (+11.0%), from €178,256 to €197,931
- Staff costs +€14,989
up €14,989 (+27.3%), from €54,993 to €69,982
- Financial income -€6,447
down €6,447 (-87.3%), from €7,384 to €937
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 | €1,181,069 | €1,075,207 | -€105,862 | -9.0% |
| Fixed assets | 21/28 | €901,953 | €920,215 | +€18,262 | +2.0% |
| Tangible fixed assets | 22/27 | €901,818 | €920,080 | +€18,262 | +2.0% |
| Land and buildings | 22 | €834,069 | €835,072 | +€1,003 | +0.1% |
| Plant, machinery and equipment | 23 | €28,928 | €22,420 | -€6,507 | -22.5% |
| Furniture and vehicles | 24 | €38,789 | €62,587 | +€23,798 | +61.4% |
| Other tangible fixed assets | 26 | €32 | €0 | -€32 | -100.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €279,116 | €154,992 | -€124,124 | -44.5% |
| Stocks and contracts in progress | 3 | €41,150 | €32,000 | -€9,150 | -22.2% |
| Stocks | 30/36 | €41,150 | €32,000 | -€9,150 | -22.2% |
| Amounts receivable within one year | 40/41 | €153,809 | €77,578 | -€76,231 | -49.6% |
| Trade receivables | 40 | €153,571 | €64,228 | -€89,343 | -58.2% |
| Other amounts receivable | 41 | €238 | €13,350 | +€13,112 | +5504.1% |
| Current investments | 50/53 | €139 | €2,080 | +€1,942 | +1401.0% |
| Cash at bank and in hand | 54/58 | €78,705 | €36,117 | -€42,588 | -54.1% |
| Deferred charges and accrued income | 490/1 | €5,313 | €7,217 | +€1,903 | +35.8% |
| Total equity and liabilities | 10/49 | €1,181,069 | €1,075,207 | -€105,862 | -9.0% |
| Equity | 10/15 | €263,295 | €289,224 | +€25,929 | +9.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €69,300 | €287,224 | +€217,924 | +314.5% |
| Distributable reserves | 133 | €69,300 | €287,224 | +€217,924 | +314.5% |
| Profit (loss) carried forward | 14 | €191,995 | €0 | -€191,995 | -100.0% |
| Amounts payable | 17/49 | €917,774 | €785,983 | -€131,792 | -14.4% |
| Amounts payable after more than one year | 17 | €709,834 | €668,442 | -€41,392 | -5.8% |
| Financial debts | 170/4 | €709,834 | €668,442 | -€41,392 | -5.8% |
| Amounts payable within one year | 42/48 | €207,656 | €113,990 | -€93,666 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | €44,988 | €41,392 | -€3,595 | -8.0% |
| Trade debts | 44 | €134,300 | €23,839 | -€110,461 | -82.2% |
| Suppliers | 440/4 | €134,300 | €23,839 | -€110,461 | -82.2% |
| Taxes, remuneration and social security | 45 | €18,669 | €16,525 | -€2,144 | -11.5% |
| Taxes | 450/3 | €9,222 | €10,939 | +€1,717 | +18.6% |
| Remuneration and social security | 454/9 | €9,447 | €5,586 | -€3,861 | -40.9% |
| Other amounts payable | 47/48 | €9,699 | €32,233 | +€22,535 | +232.4% |
| Accrued charges and deferred income | 492/3 | €284 | €3,551 | +€3,267 | +1150.2% |
| Non-recurring operating income | 76A | €0 | €3,200 | +€3,200 | |
| Remuneration, social security and pensions | 62 | €54,993 | €69,982 | +€14,989 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,846 | €62,295 | -€80,551 | -56.4% |
| Other operating charges | 640/8 | €2,499 | €6,920 | +€4,422 | +177.0% |
| Non-recurring operating charges | 66A | - | €68 | +€68 | |
| Gross operating margin | 9900 | €178,256 | €197,931 | +€19,675 | +11.0% |
| Operating profit (loss) | 9901 | -€22,081 | €58,666 | +€80,747 | |
| Financial income | 75/76B | €7,384 | €937 | -€6,447 | -87.3% |
| Recurring financial income | 75 | €7,384 | €937 | -€6,447 | -87.3% |
| Financial charges | 65/66B | €2,289 | €25,511 | +€23,221 | +1014.3% |
| Recurring financial charges | 65 | €2,289 | €25,511 | +€23,221 | +1014.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,987 | €34,092 | +€51,079 | |
| Income taxes | 67/77 | €140 | €6,497 | +€6,356 | +4531.9% |
| Profit (loss) for the period | 9904 | -€17,127 | €27,595 | +€44,722 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,127 | €27,595 | +€44,722 |
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 2 October 2026 via checked.be.