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
- Receivables within one year -€66,450
down €66,450 (-81.5%), from €81,557 to €15,108
of which Other amounts receivable: -€67,037
- Cash +€5,980
up €5,980 (+5.4%), from €111,138 to €117,118
mainly Receivables within one year (+€66,450) and Net result for the year (+€4,987)
- Tangible fixed assets -€3,255
down €3,255 (-27.6%), from €11,803 to €8,548
- Contributions -€247,844
down €247,844 (-68.2%), from €363,600 to €115,756
- Profit (loss) carried forward +€177,035
up €177,035, from -€170,858 to €6,177
- Reserves +€4,987
up €4,987 (+3502.1%), from €142 to €5,129
of which Distributable reserves: +€4,987
- Other debts +€3,862
new in 2025: €3,862
- Gross operating margin +€1,314
up €1,314 (+15.0%), from €8,776 to €10,090
- Financial income -€1,033
down €1,033 (-99.5%), from €1,039 to €6
- Taxes +€907
new in 2025: €907
- Depreciation +€580
up €580 (+21.7%), from €2,675 to €3,255
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 | €204,847 | €141,138 | -€63,708 | -31.1% |
| Fixed assets | 21/28 | €11,803 | €8,548 | -€3,255 | -27.6% |
| Tangible fixed assets | 22/27 | €11,803 | €8,548 | -€3,255 | -27.6% |
| Plant, machinery and equipment | 23 | €11,803 | €8,548 | -€3,255 | -27.6% |
| Current assets | 29/58 | €193,044 | €132,590 | -€60,453 | -31.3% |
| Amounts receivable within one year | 40/41 | €81,557 | €15,108 | -€66,450 | -81.5% |
| Trade receivables | 40 | €14,427 | €15,014 | +€587 | +4.1% |
| Other amounts receivable | 41 | €67,130 | €93 | -€67,037 | -99.9% |
| Cash at bank and in hand | 54/58 | €111,138 | €117,118 | +€5,980 | +5.4% |
| Deferred charges and accrued income | 490/1 | €348 | €364 | +€16 | +4.7% |
| Total equity and liabilities | 10/49 | €204,847 | €141,138 | -€63,708 | -31.1% |
| Equity | 10/15 | €192,884 | €127,062 | -€65,822 | -34.1% |
| Contributions | 10/11 | €363,600 | €115,756 | -€247,844 | -68.2% |
| Reserves | 13 | €142 | €5,129 | +€4,987 | +3502.1% |
| Non-distributable reserves | 130/1 | €142 | €142 | = | 0.0% |
| Reserves not available under the articles | 1311 | €142 | €142 | = | 0.0% |
| Distributable reserves | 133 | - | €4,987 | +€4,987 | |
| Profit (loss) carried forward | 14 | -€170,858 | €6,177 | +€177,035 | |
| Amounts payable | 17/49 | €11,962 | €14,076 | +€2,114 | +17.7% |
| Amounts payable within one year | 42/48 | €11,962 | €14,076 | +€2,114 | +17.7% |
| Financial debts | 43 | €95 | €23 | -€72 | -75.4% |
| Credit institutions | 430/8 | €95 | €23 | -€72 | -75.4% |
| Trade debts | 44 | €2,598 | €2,863 | +€265 | +10.2% |
| Suppliers | 440/4 | €2,598 | €2,863 | +€265 | +10.2% |
| Taxes, remuneration and social security | 45 | €9,269 | €7,328 | -€1,941 | -20.9% |
| Taxes | 450/3 | €9,269 | €7,328 | -€1,941 | -20.9% |
| Other amounts payable | 47/48 | - | €3,862 | +€3,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,675 | €3,255 | +€580 | +21.7% |
| Other operating charges | 640/8 | €787 | €794 | +€7 | +0.9% |
| Gross operating margin | 9900 | €8,776 | €10,090 | +€1,314 | +15.0% |
| Operating profit (loss) | 9901 | €5,314 | €6,041 | +€727 | +13.7% |
| Financial income | 75/76B | €1,039 | €6 | -€1,033 | -99.5% |
| Recurring financial income | 75 | €1,039 | €6 | -€1,033 | -99.5% |
| Financial charges | 65/66B | €175 | €153 | -€22 | -12.6% |
| Recurring financial charges | 65 | €175 | €153 | -€22 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €6,177 | €5,893 | -€284 | -4.6% |
| Income taxes | 67/77 | - | €907 | +€907 | |
| Profit (loss) for the period | 9904 | €6,177 | €4,987 | -€1,191 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,177 | €4,987 | -€1,191 | -19.3% |
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 8 October 2026 via checked.be.