ARCODE: 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.
ARCODE
Largest movements
- Cash +€83,799
up €83,799 (+24.7%), from €339,156 to €422,955
mainly Other debts (+€126,000) and Net result for the year (+€69,819)
- Tangible fixed assets -€24,942
down €24,942 (-4.3%), from €585,783 to €560,840
- Debts after one year -€146,000
down €146,000 (-100.0%), from €146,000 to €0
- Other debts +€126,000
up €126,000 (+25.3%), from €498,236 to €624,236
- Profit (loss) carried forward +€76,234
up €76,234 (+2053.6%), from €3,712 to €79,946
- Tax, wage and social debts +€17,129
up €17,129 (+119.9%), from €14,291 to €31,420
- Gross operating margin +€20,629
up €20,629 (+17.7%), from €116,222 to €136,851
- Taxes +€4,579
up €4,579 (+20.3%), from €22,557 to €27,136
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 | €962,186 | €1,025,828 | +€63,642 | +6.6% |
| Fixed assets | 21/28 | €586,559 | €561,617 | -€24,942 | -4.3% |
| Tangible fixed assets | 22/27 | €585,783 | €560,840 | -€24,942 | -4.3% |
| Land and buildings | 22 | €585,783 | €560,840 | -€24,942 | -4.3% |
| Financial fixed assets | 28 | €777 | €777 | = | 0.0% |
| Current assets | 29/58 | €375,627 | €464,212 | +€88,584 | +23.6% |
| Amounts receivable within one year | 40/41 | €5,236 | €4,800 | -€436 | -8.3% |
| Trade receivables | 40 | €5,236 | €4,800 | -€436 | -8.3% |
| Cash at bank and in hand | 54/58 | €339,156 | €422,955 | +€83,799 | +24.7% |
| Deferred charges and accrued income | 490/1 | €31,235 | €36,456 | +€5,222 | +16.7% |
| Total equity and liabilities | 10/49 | €962,186 | €1,025,828 | +€63,642 | +6.6% |
| Equity | 10/15 | €254,705 | €324,524 | +€69,819 | +27.4% |
| Contributions | 10/11 | €142,539 | €142,539 | = | 0.0% |
| Reserves | 13 | €108,454 | €102,039 | -€6,415 | -5.9% |
| Tax-exempt reserves | 132 | €104,777 | €98,362 | -€6,415 | -6.1% |
| Distributable reserves | 133 | €3,678 | €3,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,712 | €79,946 | +€76,234 | +2053.6% |
| Provisions and deferred taxes | 16 | €34,925 | €32,787 | -€2,138 | -6.1% |
| Deferred taxes | 168 | €34,925 | €32,787 | -€2,138 | -6.1% |
| Amounts payable | 17/49 | €672,556 | €668,518 | -€4,038 | -0.6% |
| Amounts payable after more than one year | 17 | €146,000 | €0 | -€146,000 | -100.0% |
| Other amounts payable | 178/9 | €146,000 | €0 | -€146,000 | -100.0% |
| Amounts payable within one year | 42/48 | €517,853 | €661,295 | +€143,442 | +27.7% |
| Trade debts | 44 | €5,326 | €5,639 | +€313 | +5.9% |
| Suppliers | 440/4 | €5,326 | €5,639 | +€313 | +5.9% |
| Taxes, remuneration and social security | 45 | €14,291 | €31,420 | +€17,129 | +119.9% |
| Taxes | 450/3 | €14,291 | €31,420 | +€17,129 | +119.9% |
| Other amounts payable | 47/48 | €498,236 | €624,236 | +€126,000 | +25.3% |
| Accrued charges and deferred income | 492/3 | €8,703 | €7,222 | -€1,480 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,942 | €24,942 | +€0 | 0.0% |
| Other operating charges | 640/8 | €11,987 | €12,298 | +€311 | +2.6% |
| Non-recurring operating charges | 66A | - | €3,785 | +€3,785 | |
| Gross operating margin | 9900 | €116,222 | €136,851 | +€20,629 | +17.7% |
| Operating profit (loss) | 9901 | €79,292 | €95,825 | +€16,533 | +20.9% |
| Financial income | 75/76B | €50 | €30 | -€20 | -40.5% |
| Recurring financial income | 75 | €50 | €30 | -€20 | -40.5% |
| Financial charges | 65/66B | €424 | €1,039 | +€615 | +145.2% |
| Recurring financial charges | 65 | €424 | €1,039 | +€615 | +145.2% |
| Profit (loss) for the period before taxes | 9903 | €78,919 | €94,817 | +€15,897 | +20.1% |
| Transfer from deferred taxes | 780 | €2,138 | €2,138 | = | 0.0% |
| Income taxes | 67/77 | €22,557 | €27,136 | +€4,579 | +20.3% |
| Profit (loss) for the period | 9904 | €58,500 | €69,819 | +€11,318 | +19.3% |
| Transfer from tax-exempt reserves | 789 | €6,415 | €6,415 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,915 | €76,234 | +€11,318 | +17.4% |
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 5 October 2026 via checked.be.