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
- Receivables after one year +€13,964
up €13,964 (+5.4%), from €259,181 to €273,146
- Tangible fixed assets -€9,309
down €9,309 (-6.8%), from €136,307 to €126,998
No liability line moved by more than 1% of the balance sheet total.
- Taxes +€1,038
up €1,038 (+577.0%), from €180 to €1,218
- Gross operating margin -€680
down €680 (-13.9%), from €4,900 to €4,220
- Financial income +€625
up €625 (+5.6%), from €11,096 to €11,721
- Other operating charges +€57
up €57 (+3.1%), from €1,870 to €1,927
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 | €395,699 | €400,263 | +€4,564 | +1.2% |
| Fixed assets | 21/28 | €136,407 | €127,098 | -€9,309 | -6.8% |
| Tangible fixed assets | 22/27 | €136,307 | €126,998 | -€9,309 | -6.8% |
| Land and buildings | 22 | €136,307 | €126,998 | -€9,309 | -6.8% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €259,293 | €273,165 | +€13,873 | +5.4% |
| Amounts receivable after more than one year | 29 | €259,181 | €273,146 | +€13,964 | +5.4% |
| Other amounts receivable | 291 | €259,181 | €273,146 | +€13,964 | +5.4% |
| Cash at bank and in hand | 54/58 | €111 | €20 | -€92 | -82.4% |
| Total equity and liabilities | 10/49 | €395,699 | €400,263 | +€4,564 | +1.2% |
| Equity | 10/15 | €395,519 | €398,865 | +€3,346 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,534 | €13,534 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €13,534 | €13,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | €375,785 | €379,131 | +€3,346 | +0.9% |
| Amounts payable | 17/49 | €180 | €1,398 | +€1,218 | +677.0% |
| Amounts payable within one year | 42/48 | €180 | €1,398 | +€1,218 | +677.0% |
| Taxes, remuneration and social security | 45 | €180 | €1,398 | +€1,218 | +677.0% |
| Taxes | 450/3 | €180 | €1,398 | +€1,218 | +677.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,309 | €9,309 | = | 0.0% |
| Other operating charges | 640/8 | €1,870 | €1,927 | +€57 | +3.1% |
| Gross operating margin | 9900 | €4,900 | €4,220 | -€680 | -13.9% |
| Operating profit (loss) | 9901 | -€6,278 | -€7,016 | -€738 | -11.7% |
| Financial income | 75/76B | €11,096 | €11,721 | +€625 | +5.6% |
| Recurring financial income | 75 | €11,096 | €11,721 | +€625 | +5.6% |
| Financial charges | 65/66B | €161 | €141 | -€20 | -12.5% |
| Recurring financial charges | 65 | €161 | €141 | -€20 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €4,657 | €4,564 | -€93 | -2.0% |
| Income taxes | 67/77 | €180 | €1,218 | +€1,038 | +577.0% |
| Profit (loss) for the period | 9904 | €4,477 | €3,346 | -€1,131 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,477 | €3,346 | -€1,131 | -25.3% |
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 4 October 2026 via checked.be.