ARCON: 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.
ARCON
Largest movements
- Cash -€66,793
down €66,793 (-99.9%), from €66,854 to €61
mainly Net result for the year (-€43,211) and Debts after one year (-€13,706)
- Tangible fixed assets -€13,844
down €13,844 (-22.3%), from €62,073 to €48,229
of which Furniture and vehicles: -€11,580
- Receivables within one year +€8,773
up €8,773 (+8.9%), from €99,057 to €107,830
of which Other amounts receivable: +€25,464
- Deferred charges and accrued income +€3,136
up €3,136 (+96.3%), from €3,258 to €6,394
- Reserves -€43,211
down €43,211 (-41.2%), from €104,973 to €61,761
of which Distributable reserves: -€43,211
- Debts after one year -€13,706
down €13,706 (-51.2%), from €26,775 to €13,069
- Trade debts -€11,748
down €11,748 (-91.5%), from €12,843 to €1,095
- Tax, wage and social debts -€4,953
down €4,953 (-9.5%), from €52,399 to €47,446
- Short-term financial debts +€2,770
new in 2025: €2,770
- Gross operating margin -€110,431
down €110,431, from €84,708 to -€25,723
- Taxes -€21,679
down €21,679 (-89.2%), from €24,306 to €2,626
- Depreciation +€7,823
up €7,823 (+86.1%), from €9,082 to €16,906
- Financial income +€1,953
up €1,953 (+59.9%), from €3,260 to €5,213
- Other operating charges -€1,749
down €1,749 (-60.7%), from €2,881 to €1,132
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 | €231,493 | €162,764 | -€68,729 | -29.7% |
| Fixed assets | 21/28 | €62,323 | €48,479 | -€13,844 | -22.2% |
| Tangible fixed assets | 22/27 | €62,073 | €48,229 | -€13,844 | -22.3% |
| Plant, machinery and equipment | 23 | €506 | €355 | -€151 | -29.8% |
| Furniture and vehicles | 24 | €50,986 | €39,406 | -€11,580 | -22.7% |
| Other tangible fixed assets | 26 | €10,582 | €8,468 | -€2,113 | -20.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €169,169 | €114,285 | -€54,885 | -32.4% |
| Amounts receivable within one year | 40/41 | €99,057 | €107,830 | +€8,773 | +8.9% |
| Trade receivables | 40 | €21,691 | €4,999 | -€16,692 | -77.0% |
| Other amounts receivable | 41 | €77,367 | €102,831 | +€25,464 | +32.9% |
| Cash at bank and in hand | 54/58 | €66,854 | €61 | -€66,793 | -99.9% |
| Deferred charges and accrued income | 490/1 | €3,258 | €6,394 | +€3,136 | +96.3% |
| Total equity and liabilities | 10/49 | €231,493 | €162,764 | -€68,729 | -29.7% |
| Equity | 10/15 | €123,573 | €80,361 | -€43,211 | -35.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,973 | €61,761 | -€43,211 | -41.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,113 | €59,901 | -€43,211 | -41.9% |
| Amounts payable | 17/49 | €107,920 | €82,402 | -€25,518 | -23.6% |
| Amounts payable after more than one year | 17 | €26,775 | €13,069 | -€13,706 | -51.2% |
| Financial debts | 170/4 | €26,775 | €13,069 | -€13,706 | -51.2% |
| Amounts payable within one year | 42/48 | €78,395 | €66,134 | -€12,262 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €13,154 | €14,823 | +€1,669 | +12.7% |
| Financial debts | 43 | - | €2,770 | +€2,770 | |
| Credit institutions | 430/8 | - | €2,770 | +€2,770 | |
| Trade debts | 44 | €12,843 | €1,095 | -€11,748 | -91.5% |
| Suppliers | 440/4 | €12,843 | €1,095 | -€11,748 | -91.5% |
| Taxes, remuneration and social security | 45 | €52,399 | €47,446 | -€4,953 | -9.5% |
| Taxes | 450/3 | €52,399 | €47,446 | -€4,953 | -9.5% |
| Accrued charges and deferred income | 492/3 | €2,750 | €3,200 | +€450 | +16.4% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,082 | €16,906 | +€7,823 | +86.1% |
| Other operating charges | 640/8 | €2,881 | €1,132 | -€1,749 | -60.7% |
| Gross operating margin | 9900 | €84,708 | -€25,723 | -€110,431 | |
| Operating profit (loss) | 9901 | €72,745 | -€43,761 | -€116,506 | |
| Financial income | 75/76B | €3,260 | €5,213 | +€1,953 | +59.9% |
| Recurring financial income | 75 | €3,260 | €5,213 | +€1,953 | +59.9% |
| Financial charges | 65/66B | €2,549 | €2,037 | -€513 | -20.1% |
| Recurring financial charges | 65 | €2,549 | €2,037 | -€513 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €73,456 | -€40,585 | -€114,041 | |
| Income taxes | 67/77 | €24,306 | €2,626 | -€21,679 | -89.2% |
| Profit (loss) for the period | 9904 | €49,150 | -€43,211 | -€92,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,150 | -€43,211 | -€92,361 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.