ARCOM: 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.
ARCOM
Largest movements
- Cash -€738,399
down €738,399 (-90.5%), from €816,312 to €77,912
mainly Investment in fixed assets (net) (-€721,893) and Stocks and contracts (-€72,930)
- Intangible fixed assets +€594,000
new in 2024: €594,000
- Stocks and contracts +€72,930
up €72,930 (+126.3%), from €57,741 to €130,672
- Receivables within one year +€65,464
up €65,464 (+53.3%), from €122,775 to €188,239
of which Trade receivables: +€42,099
- Tangible fixed assets +€39,761
up €39,761 (+99.9%), from €39,815 to €79,575
of which Furniture and vehicles: +€44,106
- Trade debts +€69,105
up €69,105 (+111.8%), from €61,789 to €130,895
- Profit (loss) carried forward +€36,442
up €36,442 (+20.7%), from €175,911 to €212,354
- Current portion of long-term debt -€22,298
down €22,298 (-21.3%), from €104,798 to €82,500
- Gross operating margin +€193,153
up €193,153 (+61.3%), from €315,276 to €508,429
- Staff costs +€90,815
up €90,815 (+40.6%), from €223,619 to €314,434
- Depreciation +€57,708
up €57,708 (+189.7%), from €30,424 to €88,132
- Other operating charges -€7,725
down €7,725 (-67.7%), from €11,409 to €3,683
- Write-downs -€6,966
down €6,966 (-48.2%), from €14,457 to €7,491
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,045,175 | €1,112,413 | +€67,239 | +6.4% |
| Fixed assets | 21/28 | €45,033 | €678,794 | +€633,761 | +1407.3% |
| Intangible fixed assets | 21 | - | €594,000 | +€594,000 | |
| Tangible fixed assets | 22/27 | €39,815 | €79,575 | +€39,761 | +99.9% |
| Plant, machinery and equipment | 23 | €496 | €169 | -€327 | -66.0% |
| Furniture and vehicles | 24 | €22,834 | €66,940 | +€44,106 | +193.2% |
| Other tangible fixed assets | 26 | €16,485 | €12,467 | -€4,018 | -24.4% |
| Financial fixed assets | 28 | €5,218 | €5,218 | = | 0.0% |
| Current assets | 29/58 | €1,000,142 | €433,620 | -€566,522 | -56.6% |
| Stocks and contracts in progress | 3 | €57,741 | €130,672 | +€72,930 | +126.3% |
| Stocks | 30/36 | €57,741 | €130,672 | +€72,930 | +126.3% |
| Amounts receivable within one year | 40/41 | €122,775 | €188,239 | +€65,464 | +53.3% |
| Trade receivables | 40 | €112,290 | €154,389 | +€42,099 | +37.5% |
| Other amounts receivable | 41 | €10,485 | €33,850 | +€23,364 | +222.8% |
| Cash at bank and in hand | 54/58 | €816,312 | €77,912 | -€738,399 | -90.5% |
| Deferred charges and accrued income | 490/1 | €3,314 | €36,797 | +€33,483 | +1010.4% |
| Total equity and liabilities | 10/49 | €1,045,175 | €1,112,413 | +€67,239 | +6.4% |
| Equity | 10/15 | €200,238 | €236,681 | +€36,442 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,727 | €5,727 | = | 0.0% |
| Distributable reserves | 133 | €5,727 | €5,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,911 | €212,354 | +€36,442 | +20.7% |
| Amounts payable | 17/49 | €844,937 | €875,733 | +€30,796 | +3.6% |
| Amounts payable after more than one year | 17 | €582,524 | €577,500 | -€5,024 | -0.9% |
| Financial debts | 170/4 | €582,524 | €577,500 | -€5,024 | -0.9% |
| Amounts payable within one year | 42/48 | €260,602 | €294,922 | +€34,319 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €104,798 | €82,500 | -€22,298 | -21.3% |
| Trade debts | 44 | €61,789 | €130,895 | +€69,105 | +111.8% |
| Suppliers | 440/4 | €61,789 | €130,895 | +€69,105 | +111.8% |
| Taxes, remuneration and social security | 45 | €71,961 | €69,527 | -€2,433 | -3.4% |
| Taxes | 450/3 | €15,815 | €17,131 | +€1,315 | +8.3% |
| Remuneration and social security | 454/9 | €56,145 | €52,396 | -€3,749 | -6.7% |
| Other amounts payable | 47/48 | €22,055 | €12,000 | -€10,055 | -45.6% |
| Accrued charges and deferred income | 492/3 | €1,810 | €3,311 | +€1,501 | +82.9% |
| Non-recurring operating income | 76A | - | €24,300 | +€24,300 | |
| Remuneration, social security and pensions | 62 | €223,619 | €314,434 | +€90,815 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,424 | €88,132 | +€57,708 | +189.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,457 | €7,491 | -€6,966 | -48.2% |
| Other operating charges | 640/8 | €11,409 | €3,683 | -€7,725 | -67.7% |
| Non-recurring operating charges | 66A | - | €2,269 | +€2,269 | |
| Gross operating margin | 9900 | €315,276 | €508,429 | +€193,153 | +61.3% |
| Operating profit (loss) | 9901 | €35,368 | €92,420 | +€57,053 | +161.3% |
| Financial income | 75/76B | €1,522 | €4,297 | +€2,775 | +182.3% |
| Recurring financial income | 75 | €1,522 | €4,297 | +€2,775 | +182.3% |
| Financial charges | 65/66B | €41,078 | €44,221 | +€3,143 | +7.7% |
| Recurring financial charges | 65 | €41,078 | €44,221 | +€3,143 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,188 | €52,496 | +€56,684 | |
| Income taxes | 67/77 | €12,548 | €16,053 | +€3,505 | +27.9% |
| Profit (loss) for the period | 9904 | -€16,736 | €36,442 | +€53,179 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,736 | €36,442 | +€53,179 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.