Arco Doro: 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 Doro
Largest movements
- Tangible fixed assets +€65,950
up €65,950 (+580%), from €11,368 to €77,318
of which Land and buildings: +€71,189
- Receivables within one year -€11,545
down €11,545 (-40.7%), from €28,343 to €16,798
of which Trade receivables: -€14,963
- Cash +€11,138
up €11,138 (+50.2%), from €22,170 to €33,308
mainly Debts after one year (+€48,216) and Net result for the year (+€21,701)
- Deferred charges and accrued income +€9,947
up €9,947 (+1,026%), from €969 to €10,916
- Intangible fixed assets -€7,076
down €7,076 (-18.7%), from €37,741 to €30,665
- Debts after one year +€48,216
new in 2025: €48,216
- Reserves +€21,701
up €21,701 (+30.2%), from €71,845 to €93,546
- Trade debts -€13,646
down €13,646 (-76.9%), from €17,737 to €4,091
- Other debts +€7,673
up €7,673 (+310%), from €2,472 to €10,145
- Current portion of long-term debt +€6,396
new in 2025: €6,396
- Depreciation +€4,304
up €4,304 (+40.6%), from €10,594 to €14,898
- Gross operating margin +€1,932
up €1,932 (+3.9%), from €49,144 to €51,076
- Financial charges +€1,291
up €1,291 (+250%), from €517 to €1,808
- Taxes +€1,284
up €1,284 (+12.4%), from €10,324 to €11,608
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 | €100,591 | €169,005 | +€68,414 | +68.0% |
| Fixed assets | 21/28 | €49,109 | €107,983 | +€58,874 | +120% |
| Intangible fixed assets | 21 | €37,741 | €30,665 | -€7,076 | -18.7% |
| Tangible fixed assets | 22/27 | €11,368 | €77,318 | +€65,950 | +580% |
| Land and buildings | 22 | - | €71,189 | +€71,189 | |
| Plant, machinery and equipment | 23 | €3,201 | €3,544 | +€343 | +10.7% |
| Furniture and vehicles | 24 | €8,167 | €2,585 | -€5,582 | -68.3% |
| Current assets | 29/58 | €51,482 | €61,022 | +€9,541 | +18.5% |
| Amounts receivable within one year | 40/41 | €28,343 | €16,798 | -€11,545 | -40.7% |
| Trade receivables | 40 | €28,285 | €13,321 | -€14,963 | -52.9% |
| Other amounts receivable | 41 | €58 | €3,477 | +€3,419 | +5,898% |
| Cash at bank and in hand | 54/58 | €22,170 | €33,308 | +€11,138 | +50.2% |
| Deferred charges and accrued income | 490/1 | €969 | €10,916 | +€9,947 | +1,026% |
| Total equity and liabilities | 10/49 | €100,591 | €169,005 | +€68,414 | +68.0% |
| Equity | 10/15 | €73,845 | €95,546 | +€21,701 | +29.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71,845 | €93,546 | +€21,701 | +30.2% |
| Distributable reserves | 133 | €71,845 | €93,546 | +€21,701 | +30.2% |
| Amounts payable | 17/49 | €26,746 | €73,459 | +€46,713 | +175% |
| Amounts payable after more than one year | 17 | - | €48,216 | +€48,216 | |
| Financial debts | 170/4 | - | €48,216 | +€48,216 | |
| Amounts payable within one year | 42/48 | €26,652 | €25,243 | -€1,409 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,396 | +€6,396 | |
| Trade debts | 44 | €17,737 | €4,091 | -€13,646 | -76.9% |
| Suppliers | 440/4 | €17,737 | €4,091 | -€13,646 | -76.9% |
| Taxes, remuneration and social security | 45 | €6,443 | €4,611 | -€1,832 | -28.4% |
| Taxes | 450/3 | €6,443 | €4,611 | -€1,832 | -28.4% |
| Other amounts payable | 47/48 | €2,472 | €10,145 | +€7,673 | +310% |
| Accrued charges and deferred income | 492/3 | €94 | €0 | -€94 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,594 | €14,898 | +€4,304 | +40.6% |
| Other operating charges | 640/8 | €1,379 | €1,208 | -€171 | -12.4% |
| Gross operating margin | 9900 | €49,144 | €51,076 | +€1,932 | +3.9% |
| Operating profit (loss) | 9901 | €37,171 | €34,969 | -€2,201 | -5.9% |
| Financial income | 75/76B | €48 | €148 | +€99 | +205% |
| Recurring financial income | 75 | €48 | €148 | +€99 | +205% |
| Financial charges | 65/66B | €517 | €1,808 | +€1,291 | +250% |
| Recurring financial charges | 65 | €517 | €1,808 | +€1,291 | +250% |
| Profit (loss) for the period before taxes | 9903 | €36,702 | €33,309 | -€3,393 | -9.2% |
| Income taxes | 67/77 | €10,324 | €11,608 | +€1,284 | +12.4% |
| Profit (loss) for the period | 9904 | €26,379 | €21,701 | -€4,677 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,379 | €21,701 | -€4,677 | -17.7% |
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 20 October 2026 via checked.be.