ARCOBEL EMBEDDED SOLUTIONS: 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.
ARCOBEL EMBEDDED SOLUTIONS
Largest movements
- Receivables within one year +€34,856
up €34,856 (+379%), from €9,195 to €44,051
- Cash +€7,249
up €7,249 (+82.7%), from €8,770 to €16,019
- Financial fixed assets -€2,173
down €2,173 (-27.0%), from €8,053 to €5,880
- Profit (loss) carried forward +€26,574
up €26,574, from -€11,410 to €15,164
- Tax, wage and social debts +€14,890
up €14,890 (+93.6%), from €15,902 to €30,792
of which Taxes: +€10,863
- Trade debts -€1,532
down €1,532 (-52.4%), from €2,926 to €1,394
- Gross operating margin +€74,895
up €74,895 (+50.9%), from €147,137 to €222,032
- Staff costs +€35,383
up €35,383 (+28.2%), from €125,293 to €160,676
- Taxes +€11,319
up €11,319 (+191%), from €5,938 to €17,257
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,018 | €65,950 | +€39,932 | +153% |
| Fixed assets | 21/28 | €8,053 | €5,880 | -€2,173 | -27.0% |
| Financial fixed assets | 28 | €8,053 | €5,880 | -€2,173 | -27.0% |
| Current assets | 29/58 | €17,965 | €60,070 | +€42,105 | +234% |
| Amounts receivable within one year | 40/41 | €9,195 | €44,051 | +€34,856 | +379% |
| Other amounts receivable | 41 | €9,195 | €44,051 | +€34,856 | +379% |
| Cash at bank and in hand | 54/58 | €8,770 | €16,019 | +€7,249 | +82.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €26,018 | €65,950 | +€39,932 | +153% |
| Equity | 10/15 | €7,190 | €33,764 | +€26,574 | +370% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,410 | €15,164 | +€26,574 | |
| Amounts payable | 17/49 | €18,828 | €32,186 | +€13,358 | +71.0% |
| Amounts payable within one year | 42/48 | €18,828 | €32,186 | +€13,358 | +71.0% |
| Trade debts | 44 | €2,926 | €1,394 | -€1,532 | -52.4% |
| Suppliers | 440/4 | €2,926 | €1,394 | -€1,532 | -52.4% |
| Taxes, remuneration and social security | 45 | €15,902 | €30,792 | +€14,890 | +93.6% |
| Taxes | 450/3 | €1,394 | €12,257 | +€10,863 | +779% |
| Remuneration and social security | 454/9 | €14,508 | €18,535 | +€4,027 | +27.8% |
| Non-recurring operating income | 76A | - | €741 | +€741 | |
| Remuneration, social security and pensions | 62 | €125,293 | €160,676 | +€35,383 | +28.2% |
| Other operating charges | 640/8 | €1,656 | €1,030 | -€626 | -37.8% |
| Gross operating margin | 9900 | €147,137 | €222,032 | +€74,895 | +50.9% |
| Operating profit (loss) | 9901 | €20,188 | €60,327 | +€40,138 | +199% |
| Financial income | 75/76B | - | €263 | +€263 | |
| Recurring financial income | 75 | - | €263 | +€263 | |
| Financial charges | 65/66B | €2,299 | €1,974 | -€325 | -14.1% |
| Recurring financial charges | 65 | €2,299 | €1,974 | -€325 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €17,889 | €58,616 | +€40,727 | +228% |
| Income taxes | 67/77 | €5,938 | €17,257 | +€11,319 | +191% |
| Profit (loss) for the period | 9904 | €11,951 | €41,359 | +€29,408 | +246% |
| Profit (loss) for the period to be appropriated | 9905 | €11,951 | €41,359 | +€29,408 | +246% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.