ARCOBALENO: 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.
ARCOBALENO
Largest movements
- Cash -€17,795
down €17,795 (-79.7%), from €22,317 to €4,522
mainly Net result for the year (-€20,506) and Tax, wage and social debts (-€5,122)
- Receivables within one year -€5,852
down €5,852 (-13.3%), from €43,876 to €38,024
of which Trade receivables: -€12,938
- Tangible fixed assets -€2,183
no longer reported in 2025 (was €2,183)
- Profit (loss) carried forward -€20,506
down €20,506 (-35.6%), from €57,625 to €37,119
- Tax, wage and social debts -€5,122
down €5,122 (-75.3%), from €6,803 to €1,681
- Trade debts -€1,519
no longer reported in 2025 (was €1,519)
- Gross operating margin -€53,849
down €53,849, from €42,626 to -€11,223
- Staff costs -€10,350
down €10,350 (-64.4%), from €16,082 to €5,732
- Taxes -€4,681
no longer reported in 2025 (was €4,681)
- Financial charges +€1,126
up €1,126 (+111.1%), from €1,013 to €2,139
- Depreciation -€943
no longer reported in 2025 (was €943)
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 | €116,326 | €88,817 | -€27,510 | -23.6% |
| Fixed assets | 21/28 | €2,183 | - | -€2,183 | |
| Tangible fixed assets | 22/27 | €2,183 | - | -€2,183 | |
| Plant, machinery and equipment | 23 | €2,183 | - | -€2,183 | |
| Current assets | 29/58 | €114,143 | €88,817 | -€25,326 | -22.2% |
| Stocks and contracts in progress | 3 | €1,001 | - | -€1,001 | |
| Stocks | 30/36 | €1,001 | - | -€1,001 | |
| Amounts receivable within one year | 40/41 | €43,876 | €38,024 | -€5,852 | -13.3% |
| Trade receivables | 40 | €12,938 | - | -€12,938 | |
| Other amounts receivable | 41 | €30,938 | €38,024 | +€7,086 | +22.9% |
| Current investments | 50/53 | €45,603 | €45,001 | -€603 | -1.3% |
| Cash at bank and in hand | 54/58 | €22,317 | €4,522 | -€17,795 | -79.7% |
| Deferred charges and accrued income | 490/1 | €1,346 | €1,270 | -€76 | -5.6% |
| Total equity and liabilities | 10/49 | €116,326 | €88,817 | -€27,510 | -23.6% |
| Equity | 10/15 | €107,642 | €87,136 | -€20,506 | -19.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €25,228 | €25,228 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €22,749 | €22,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,625 | €37,119 | -€20,506 | -35.6% |
| Amounts payable | 17/49 | €8,684 | €1,681 | -€7,003 | -80.6% |
| Amounts payable within one year | 42/48 | €8,322 | €1,681 | -€6,641 | -79.8% |
| Trade debts | 44 | €1,519 | - | -€1,519 | |
| Suppliers | 440/4 | €1,519 | - | -€1,519 | |
| Taxes, remuneration and social security | 45 | €6,803 | €1,681 | -€5,122 | -75.3% |
| Taxes | 450/3 | €6,803 | €1,681 | -€5,122 | -75.3% |
| Accrued charges and deferred income | 492/3 | €362 | - | -€362 | |
| Non-recurring operating income | 76A | - | €5,077 | +€5,077 | |
| Remuneration, social security and pensions | 62 | €16,082 | €5,732 | -€10,350 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €943 | - | -€943 | |
| Other operating charges | 640/8 | €2,246 | €2,048 | -€198 | -8.8% |
| Gross operating margin | 9900 | €42,626 | -€11,223 | -€53,849 | |
| Operating profit (loss) | 9901 | €23,355 | -€19,003 | -€42,358 | |
| Financial income | 75/76B | €863 | €635 | -€227 | -26.4% |
| Recurring financial income | 75 | €863 | €635 | -€227 | -26.4% |
| Financial charges | 65/66B | €1,013 | €2,139 | +€1,126 | +111.1% |
| Recurring financial charges | 65 | €1,013 | €2,139 | +€1,126 | +111.1% |
| Profit (loss) for the period before taxes | 9903 | €23,205 | -€20,506 | -€43,711 | |
| Income taxes | 67/77 | €4,681 | - | -€4,681 | |
| Profit (loss) for the period | 9904 | €18,524 | -€20,506 | -€39,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,524 | -€20,506 | -€39,030 |
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 10 October 2026 via checked.be.