ARCOBALENO: 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.
ARCOBALENO
Largest movements
- Cash -€24,495
down €24,495 (-50.8%), from €48,194 to €23,699
mainly Other debts (-€18,647) and Net result for the year (-€17,089)
- Tangible fixed assets -€14,119
down €14,119 (-9.0%), from €156,444 to €142,325
of which Furniture and vehicles: -€9,784
- Other debts -€18,647
down €18,647 (-29.8%), from €62,556 to €43,909
- Profit (loss) carried forward -€17,089
down €17,089 (-11.6%), from -€147,406 to -€164,495
- Accrued charges and deferred income -€3,210
down €3,210 (-46.3%), from €6,932 to €3,722
- Gross operating margin -€106,949
down €106,949 (-91.7%), from €116,661 to €9,711
- Depreciation +€3,680
up €3,680 (+24.3%), from €15,115 to €18,796
- Financial charges -€3,205
down €3,205 (-46.0%), from €6,968 to €3,763
- Other operating charges -€2,690
down €2,690 (-38.5%), from €6,985 to €4,295
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 | €208,386 | €170,928 | -€37,458 | -18.0% |
| Fixed assets | 21/28 | €156,444 | €142,325 | -€14,119 | -9.0% |
| Tangible fixed assets | 22/27 | €156,444 | €142,325 | -€14,119 | -9.0% |
| Land and buildings | 22 | €110,635 | €106,725 | -€3,910 | -3.5% |
| Plant, machinery and equipment | 23 | €1,824 | €1,400 | -€425 | -23.3% |
| Furniture and vehicles | 24 | €43,984 | €34,200 | -€9,784 | -22.2% |
| Current assets | 29/58 | €51,942 | €28,603 | -€23,339 | -44.9% |
| Amounts receivable within one year | 40/41 | €2,388 | €3,120 | +€732 | +30.7% |
| Trade receivables | 40 | €1,998 | €3,120 | +€1,122 | +56.1% |
| Other amounts receivable | 41 | €390 | €0 | -€390 | -100.0% |
| Cash at bank and in hand | 54/58 | €48,194 | €23,699 | -€24,495 | -50.8% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,784 | +€423 | +31.1% |
| Total equity and liabilities | 10/49 | €208,386 | €170,928 | -€37,458 | -18.0% |
| Equity | 10/15 | €137,676 | €120,587 | -€17,089 | -12.4% |
| Contributions | 10/11 | €285,082 | €285,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,406 | -€164,495 | -€17,089 | -11.6% |
| Amounts payable | 17/49 | €70,710 | €50,341 | -€20,369 | -28.8% |
| Amounts payable within one year | 42/48 | €63,778 | €46,618 | -€17,159 | -26.9% |
| Trade debts | 44 | €1,222 | €2,112 | +€891 | +72.9% |
| Suppliers | 440/4 | €1,222 | €2,112 | +€891 | +72.9% |
| Taxes, remuneration and social security | 45 | €0 | €597 | +€597 | |
| Taxes | 450/3 | €0 | €597 | +€597 | |
| Other amounts payable | 47/48 | €62,556 | €43,909 | -€18,647 | -29.8% |
| Accrued charges and deferred income | 492/3 | €6,932 | €3,722 | -€3,210 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,115 | €18,796 | +€3,680 | +24.3% |
| Other operating charges | 640/8 | €6,985 | €4,295 | -€2,690 | -38.5% |
| Gross operating margin | 9900 | €116,661 | €9,711 | -€106,949 | -91.7% |
| Operating profit (loss) | 9901 | €94,560 | -€13,379 | -€107,939 | |
| Financial income | 75/76B | - | €52 | +€52 | |
| Recurring financial income | 75 | - | €52 | +€52 | |
| Financial charges | 65/66B | €6,968 | €3,763 | -€3,205 | -46.0% |
| Recurring financial charges | 65 | €6,968 | €3,763 | -€3,205 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €87,592 | -€17,089 | -€104,682 | |
| Profit (loss) for the period | 9904 | €87,592 | -€17,089 | -€104,682 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,592 | -€17,089 | -€104,682 |
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 7 October 2026 via checked.be.