ARCO - H: 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 - H
Largest movements
- Cash -€49,529
down €49,529 (-28.1%), from €176,527 to €126,997
mainly Contributions, distributions and other (-€36,172) and Deferred charges and accrued income (-€19,351)
- Deferred charges and accrued income +€19,351
up €19,351 (+1,006%), from €1,923 to €21,274
- Receivables within one year +€13,807
up €13,807 (+146%), from €9,459 to €23,266
of which Other amounts receivable: +€12,000
- Tangible fixed assets -€7,477
down €7,477 (-40.6%), from €18,420 to €10,943
of which Furniture and vehicles: -€5,973
- Tax, wage and social debts -€15,753
down €15,753 (-41.1%), from €38,327 to €22,574
of which Taxes: -€13,864
- Reserves -€9,634
down €9,634 (-17.9%), from €53,963 to €44,329
- Gross operating margin -€47,303
down €47,303 (-53.0%), from €89,304 to €42,001
- Turnover -€45,898
down €45,898 (-23.2%), from €197,763 to €151,865
- Taxes -€12,439
down €12,439 (-62.4%), from €19,931 to €7,492
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 | €217,807 | €193,959 | -€23,848 | -10.9% |
| Fixed assets | 21/28 | €24,293 | €16,816 | -€7,477 | -30.8% |
| Tangible fixed assets | 22/27 | €18,420 | €10,943 | -€7,477 | -40.6% |
| Furniture and vehicles | 24 | €11,946 | €5,973 | -€5,973 | -50.0% |
| Leasing and similar rights | 25 | €6,474 | €4,970 | -€1,504 | -23.2% |
| Financial fixed assets | 28 | €5,873 | €5,873 | = | 0.0% |
| Current assets | 29/58 | €193,514 | €177,143 | -€16,371 | -8.5% |
| Stocks and contracts in progress | 3 | €5,605 | €5,605 | = | 0.0% |
| Stocks | 30/36 | €5,605 | €5,605 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,459 | €23,266 | +€13,807 | +146% |
| Trade receivables | 40 | €9,459 | €11,266 | +€1,807 | +19.1% |
| Other amounts receivable | 41 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €176,527 | €126,997 | -€49,529 | -28.1% |
| Deferred charges and accrued income | 490/1 | €1,923 | €21,274 | +€19,351 | +1,006% |
| Total equity and liabilities | 10/49 | €217,807 | €193,959 | -€23,848 | -10.9% |
| Equity | 10/15 | €138,279 | €128,645 | -€9,634 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,963 | €44,329 | -€9,634 | -17.9% |
| Non-distributable reserves | 130/1 | €53,963 | €44,329 | -€9,634 | -17.9% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €52,103 | €42,469 | -€9,634 | -18.5% |
| Profit (loss) carried forward | 14 | €65,716 | €65,716 | -€0 | 0.0% |
| Amounts payable | 17/49 | €79,528 | €65,315 | -€14,214 | -17.9% |
| Amounts payable after more than one year | 17 | €6,907 | €6,907 | = | 0.0% |
| Other amounts payable | 178/9 | €6,907 | €6,907 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,554 | €55,340 | -€14,214 | -20.4% |
| Trade debts | 44 | €1,127 | €1,202 | +€74 | +6.6% |
| Suppliers | 440/4 | €1,127 | €1,202 | +€74 | +6.6% |
| Taxes, remuneration and social security | 45 | €38,327 | €22,574 | -€15,753 | -41.1% |
| Taxes | 450/3 | €34,659 | €20,795 | -€13,864 | -40.0% |
| Remuneration and social security | 454/9 | €3,667 | €1,778 | -€1,889 | -51.5% |
| Other amounts payable | 47/48 | €30,100 | €31,565 | +€1,465 | +4.9% |
| Accrued charges and deferred income | 492/3 | €3,067 | €3,067 | = | 0.0% |
| Turnover | 70 | €197,763 | €151,865 | -€45,898 | -23.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €108,459 | €109,864 | +€1,405 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,374 | €7,477 | +€103 | +1.4% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €89,304 | €42,001 | -€47,303 | -53.0% |
| Operating profit (loss) | 9901 | €81,546 | €34,137 | -€47,409 | -58.1% |
| Financial income | 75/76B | €201 | €179 | -€22 | -10.9% |
| Recurring financial income | 75 | €201 | €179 | -€22 | -10.9% |
| Financial charges | 65/66B | €472 | €286 | -€186 | -39.4% |
| Recurring financial charges | 65 | €472 | €286 | -€186 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €81,274 | €34,030 | -€47,245 | -58.1% |
| Income taxes | 67/77 | €19,931 | €7,492 | -€12,439 | -62.4% |
| Profit (loss) for the period | 9904 | €61,344 | €26,538 | -€34,806 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,344 | €26,538 | -€34,806 | -56.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.