ARCOLAS: 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.
ARCOLAS
Largest movements
- Tangible fixed assets -€17,303
down €17,303 (-30.2%), from €57,372 to €40,069
of which Furniture and vehicles: -€15,878
- Cash +€11,168
up €11,168 (+18.7%), from €59,779 to €70,947
mainly Net result for the year (+€134,259) and Other debts (+€57,403)
- Receivables within one year -€10,072
down €10,072 (-16.7%), from €60,361 to €50,289
of which Other amounts receivable: -€12,299
- Reserves -€73,741
down €73,741 (-68.0%), from €108,426 to €34,685
- Other debts +€57,403
up €57,403 (+2104.3%), from €2,728 to €60,131
- Debts after one year -€11,815
down €11,815 (-92.2%), from €12,818 to €1,003
- Tax, wage and social debts +€11,470
up €11,470 (+55.0%), from €20,856 to €32,326
- Gross operating margin +€36,498
up €36,498 (+22.6%), from €161,681 to €198,178
- Taxes +€9,495
up €9,495 (+32.0%), from €29,688 to €39,183
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 | €178,157 | €161,996 | -€16,161 | -9.1% |
| Fixed assets | 21/28 | €57,372 | €40,069 | -€17,303 | -30.2% |
| Tangible fixed assets | 22/27 | €57,372 | €40,069 | -€17,303 | -30.2% |
| Plant, machinery and equipment | 23 | €3,962 | €2,537 | -€1,425 | -36.0% |
| Furniture and vehicles | 24 | €53,410 | €37,532 | -€15,878 | -29.7% |
| Current assets | 29/58 | €120,786 | €121,927 | +€1,142 | +0.9% |
| Amounts receivable within one year | 40/41 | €60,361 | €50,289 | -€10,072 | -16.7% |
| Trade receivables | 40 | €47,245 | €49,472 | +€2,227 | +4.7% |
| Other amounts receivable | 41 | €13,116 | €817 | -€12,299 | -93.8% |
| Cash at bank and in hand | 54/58 | €59,779 | €70,947 | +€11,168 | +18.7% |
| Deferred charges and accrued income | 490/1 | €646 | €692 | +€46 | +7.1% |
| Total equity and liabilities | 10/49 | €178,157 | €161,996 | -€16,161 | -9.1% |
| Equity | 10/15 | €128,426 | €54,685 | -€73,741 | -57.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €108,426 | €34,685 | -€73,741 | -68.0% |
| Distributable reserves | 133 | €108,426 | €34,685 | -€73,741 | -68.0% |
| Amounts payable | 17/49 | €49,731 | €107,311 | +€57,580 | +115.8% |
| Amounts payable after more than one year | 17 | €12,818 | €1,003 | -€11,815 | -92.2% |
| Financial debts | 170/4 | €12,818 | €1,003 | -€11,815 | -92.2% |
| Amounts payable within one year | 42/48 | €35,434 | €104,385 | +€68,951 | +194.6% |
| Current portion of amounts payable after more than one year | 42 | €11,407 | €11,815 | +€408 | +3.6% |
| Trade debts | 44 | €443 | €113 | -€330 | -74.5% |
| Suppliers | 440/4 | €443 | €113 | -€330 | -74.5% |
| Taxes, remuneration and social security | 45 | €20,856 | €32,326 | +€11,470 | +55.0% |
| Taxes | 450/3 | €20,856 | €32,326 | +€11,470 | +55.0% |
| Other amounts payable | 47/48 | €2,728 | €60,131 | +€57,403 | +2104.3% |
| Accrued charges and deferred income | 492/3 | €1,478 | €1,922 | +€444 | +30.0% |
| Non-recurring operating income | 76A | €10,250 | - | -€10,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,109 | €19,654 | +€546 | +2.9% |
| Other operating charges | 640/8 | €843 | €709 | -€135 | -16.0% |
| Gross operating margin | 9900 | €161,681 | €198,178 | +€36,498 | +22.6% |
| Operating profit (loss) | 9901 | €141,729 | €177,815 | +€36,087 | +25.5% |
| Financial income | 75/76B | €369 | €587 | +€218 | +59.0% |
| Recurring financial income | 75 | €369 | €587 | +€218 | +59.0% |
| Financial charges | 65/66B | €4,169 | €4,959 | +€790 | +18.9% |
| Recurring financial charges | 65 | €4,169 | €4,959 | +€790 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €137,928 | €173,443 | +€35,515 | +25.7% |
| Income taxes | 67/77 | €29,688 | €39,183 | +€9,495 | +32.0% |
| Profit (loss) for the period | 9904 | €108,240 | €134,259 | +€26,019 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,240 | €134,259 | +€26,019 | +24.0% |
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.