Arcoe: 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.
Arcoe
Largest movements
- Tangible fixed assets +€34,826
up €34,826 (+1658.3%), from €2,100 to €36,926
of which Furniture and vehicles: +€35,111
- Receivables within one year +€3,983
up €3,983 (+16.1%), from €24,735 to €28,719
of which Other amounts receivable: +€3,483
- Cash +€1,989
up €1,989 (+394.4%), from €504 to €2,494
mainly Debts after one year (+€24,350) and Net result for the year (+€6,428)
- Debts after one year +€24,350
new in 2025: €24,350
- Profit (loss) carried forward +€6,428
up €6,428 (+45.5%), from €14,134 to €20,562
- Current portion of long-term debt +€6,400
new in 2025: €6,400
- Trade debts +€3,620
up €3,620 (+512.5%), from €706 to €4,326
- Taxes +€6,277
up €6,277 (+3246.3%), from €193 to €6,470
- Gross operating margin +€6,225
up €6,225 (+37.0%), from €16,805 to €23,030
- Other operating charges +€2,370
up €2,370 (+205.9%), from €1,151 to €3,521
- Depreciation -€1,057
down €1,057 (-16.5%), from €6,413 to €5,356
- Financial charges +€765
up €765 (+749.4%), from €102 to €867
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 | €34,840 | €75,638 | +€40,798 | +117.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,600 | €44,426 | +€34,826 | +362.8% |
| Tangible fixed assets | 22/27 | €2,100 | €36,926 | +€34,826 | +1658.3% |
| Land and buildings | 22 | €1,631 | €1,346 | -€286 | -17.5% |
| Furniture and vehicles | 24 | €469 | €35,580 | +€35,111 | +7489.5% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €25,240 | €31,212 | +€5,973 | +23.7% |
| Amounts receivable within one year | 40/41 | €24,735 | €28,719 | +€3,983 | +16.1% |
| Trade receivables | 40 | €24,437 | €24,937 | +€500 | +2.0% |
| Other amounts receivable | 41 | €299 | €3,782 | +€3,483 | +1166.7% |
| Cash at bank and in hand | 54/58 | €504 | €2,494 | +€1,989 | +394.4% |
| Total equity and liabilities | 10/49 | €34,840 | €75,638 | +€40,798 | +117.1% |
| Equity | 10/15 | €34,134 | €40,562 | +€6,428 | +18.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,134 | €20,562 | +€6,428 | +45.5% |
| Amounts payable | 17/49 | €706 | €35,076 | +€34,370 | +4866.4% |
| Amounts payable after more than one year | 17 | - | €24,350 | +€24,350 | |
| Financial debts | 170/4 | - | €24,350 | +€24,350 | |
| Amounts payable within one year | 42/48 | €706 | €10,726 | +€10,020 | +1418.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,400 | +€6,400 | |
| Trade debts | 44 | €706 | €4,326 | +€3,620 | +512.5% |
| Suppliers | 440/4 | €706 | €4,326 | +€3,620 | +512.5% |
| Remuneration, social security and pensions | 62 | €384 | €387 | +€3 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,413 | €5,356 | -€1,057 | -16.5% |
| Other operating charges | 640/8 | €1,151 | €3,521 | +€2,370 | +205.9% |
| Gross operating margin | 9900 | €16,805 | €23,030 | +€6,225 | +37.0% |
| Operating profit (loss) | 9901 | €8,857 | €13,766 | +€4,908 | +55.4% |
| Financial charges | 65/66B | €102 | €867 | +€765 | +749.4% |
| Recurring financial charges | 65 | €102 | €867 | +€765 | +749.4% |
| Profit (loss) for the period before taxes | 9903 | €8,755 | €12,898 | +€4,143 | +47.3% |
| Income taxes | 67/77 | €193 | €6,470 | +€6,277 | +3246.3% |
| Profit (loss) for the period | 9904 | €8,562 | €6,428 | -€2,134 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,562 | €6,428 | -€2,134 | -24.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.