ARCO GROUP: 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 GROUP
Largest movements
- Receivables within one year -€751,372
down €751,372 (-34.3%), from €2.2m to €1.4m
of which Trade receivables: -€573,286
- Stocks and contracts +€93,699
up €93,699 (+35.4%), from €264,346 to €358,045
- Tangible fixed assets -€61,096
down €61,096 (-32.3%), from €188,993 to €127,897
of which Furniture and vehicles: -€31,019
- Cash +€51,130
up €51,130 (+39.7%), from €128,812 to €179,942
mainly Receivables within one year (+€751,372) and Depreciation (+€61,096)
- Trade debts -€397,687
down €397,687 (-25.0%), from €1.6m to €1.2m
- Profit (loss) carried forward -€132,642
down €132,642 (-46.6%), from €284,362 to €151,720
- Debts after one year -€54,593
down €54,593 (-48.7%), from €112,140 to €57,547
- Tax, wage and social debts -€32,698
down €32,698 (-49.9%), from €65,561 to €32,863
of which Remuneration and social security: -€16,895
- Current portion of long-term debt -€32,177
down €32,177 (-37.3%), from €86,200 to €54,023
- Gross operating margin -€441,994
down €441,994 (-51.2%), from €863,728 to €421,734
- Staff costs -€216,452
down €216,452 (-33.8%), from €639,572 to €423,120
- Other operating charges -€30,999
down €30,999 (-54.9%), from €56,505 to €25,507
- Financial income +€27,261
up €27,261 (+1,502%), from €1,815 to €29,076
- Taxes -€15,537
down €15,537 (-74.7%), from €20,803 to €5,266
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 | €2,801,291 | €2,159,716 | -€641,574 | -22.9% |
| Fixed assets | 21/28 | €217,507 | €183,399 | -€34,108 | -15.7% |
| Tangible fixed assets | 22/27 | €188,993 | €127,897 | -€61,096 | -32.3% |
| Plant, machinery and equipment | 23 | €7,456 | €4,979 | -€2,477 | -33.2% |
| Furniture and vehicles | 24 | €107,282 | €76,262 | -€31,019 | -28.9% |
| Leasing and similar rights | 25 | €74,255 | €46,655 | -€27,600 | -37.2% |
| Financial fixed assets | 28 | €28,514 | €55,502 | +€26,988 | +94.6% |
| Current assets | 29/58 | €2,583,784 | €1,976,318 | -€607,466 | -23.5% |
| Stocks and contracts in progress | 3 | €264,346 | €358,045 | +€93,699 | +35.4% |
| Stocks | 30/36 | €264,346 | €358,045 | +€93,699 | +35.4% |
| Amounts receivable within one year | 40/41 | €2,189,703 | €1,438,331 | -€751,372 | -34.3% |
| Trade receivables | 40 | €1,851,428 | €1,278,142 | -€573,286 | -31.0% |
| Other amounts receivable | 41 | €338,275 | €160,189 | -€178,087 | -52.6% |
| Cash at bank and in hand | 54/58 | €128,812 | €179,942 | +€51,130 | +39.7% |
| Deferred charges and accrued income | 490/1 | €922 | - | -€922 | |
| Total equity and liabilities | 10/49 | €2,801,291 | €2,159,716 | -€641,574 | -22.9% |
| Equity | 10/15 | €343,362 | €210,720 | -€132,642 | -38.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €284,362 | €151,720 | -€132,642 | -46.6% |
| Amounts payable | 17/49 | €2,457,929 | €1,948,997 | -€508,932 | -20.7% |
| Amounts payable after more than one year | 17 | €112,140 | €57,547 | -€54,593 | -48.7% |
| Financial debts | 170/4 | €112,140 | €57,547 | -€54,593 | -48.7% |
| Amounts payable within one year | 42/48 | €2,345,576 | €1,891,221 | -€454,355 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €86,200 | €54,023 | -€32,177 | -37.3% |
| Financial debts | 43 | €600,000 | €600,000 | = | 0.0% |
| Credit institutions | 430/8 | €600,000 | €600,000 | = | 0.0% |
| Trade debts | 44 | €1,592,217 | €1,194,530 | -€397,687 | -25.0% |
| Suppliers | 440/4 | €1,592,217 | €1,194,530 | -€397,687 | -25.0% |
| Taxes, remuneration and social security | 45 | €65,561 | €32,863 | -€32,698 | -49.9% |
| Taxes | 450/3 | €15,803 | - | -€15,803 | |
| Remuneration and social security | 454/9 | €49,758 | €32,863 | -€16,895 | -34.0% |
| Other amounts payable | 47/48 | €1,597 | €9,804 | +€8,207 | +514% |
| Accrued charges and deferred income | 492/3 | €214 | €229 | +€15 | +7.2% |
| Remuneration, social security and pensions | 62 | €639,572 | €423,120 | -€216,452 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,217 | €61,096 | -€12,121 | -16.6% |
| Other operating charges | 640/8 | €56,505 | €25,507 | -€30,999 | -54.9% |
| Gross operating margin | 9900 | €863,728 | €421,734 | -€441,994 | -51.2% |
| Operating profit (loss) | 9901 | €94,434 | -€87,988 | -€182,422 | |
| Financial income | 75/76B | €1,815 | €29,076 | +€27,261 | +1,502% |
| Recurring financial income | 75 | €1,815 | €29,076 | +€27,261 | +1,502% |
| Financial charges | 65/66B | €67,413 | €68,464 | +€1,051 | +1.6% |
| Recurring financial charges | 65 | €67,413 | €68,464 | +€1,051 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €28,836 | -€127,376 | -€156,212 | |
| Income taxes | 67/77 | €20,803 | €5,266 | -€15,537 | -74.7% |
| Profit (loss) for the period | 9904 | €8,033 | -€132,642 | -€140,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,033 | -€132,642 | -€140,675 |
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.