ARCON-EXPERTS: 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.
ARCON-EXPERTS
Largest movements
- Receivables within one year +€25,945
up €25,945 (+16.6%), from €156,429 to €182,374
of which Trade receivables: +€46,138
- Cash +€13,501
up €13,501 (+25.6%), from €52,725 to €66,227
mainly Net result for the year (+€134,812) and Other debts (+€67,000)
- Other debts +€67,000
up €67,000 (+42.3%), from €158,305 to €225,305
- Profit (loss) carried forward -€29,188
down €29,188 (-84.8%), from €34,412 to €5,224
- Gross operating margin +€35,508
up €35,508 (+34.9%), from €101,830 to €137,338
- Depreciation -€2,241
down €2,241 (-77.0%), from €2,909 to €668
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 | €210,849 | €249,628 | +€38,778 | +18.4% |
| Fixed assets | 21/28 | €1,695 | €1,027 | -€668 | -39.4% |
| Tangible fixed assets | 22/27 | €1,695 | €1,027 | -€668 | -39.4% |
| Plant, machinery and equipment | 23 | €269 | €198 | -€71 | -26.4% |
| Furniture and vehicles | 24 | €1,425 | €829 | -€597 | -41.9% |
| Current assets | 29/58 | €209,155 | €248,601 | +€39,446 | +18.9% |
| Amounts receivable within one year | 40/41 | €156,429 | €182,374 | +€25,945 | +16.6% |
| Trade receivables | 40 | €9,129 | €55,267 | +€46,138 | +505.4% |
| Other amounts receivable | 41 | €147,301 | €127,108 | -€20,193 | -13.7% |
| Cash at bank and in hand | 54/58 | €52,725 | €66,227 | +€13,501 | +25.6% |
| Total equity and liabilities | 10/49 | €210,849 | €249,628 | +€38,778 | +18.4% |
| Equity | 10/15 | €40,908 | €11,720 | -€29,188 | -71.4% |
| Contributions | 10/11 | €6,496 | €6,496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,412 | €5,224 | -€29,188 | -84.8% |
| Amounts payable | 17/49 | €169,941 | €237,908 | +€67,967 | +40.0% |
| Amounts payable within one year | 42/48 | €169,941 | €237,908 | +€67,967 | +40.0% |
| Trade debts | 44 | €11,552 | €12,344 | +€792 | +6.9% |
| Suppliers | 440/4 | €11,552 | €12,344 | +€792 | +6.9% |
| Taxes, remuneration and social security | 45 | €84 | €259 | +€174 | +206.7% |
| Taxes | 450/3 | €84 | €259 | +€174 | +206.7% |
| Other amounts payable | 47/48 | €158,305 | €225,305 | +€67,000 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,909 | €668 | -€2,241 | -77.0% |
| Gross operating margin | 9900 | €101,830 | €137,338 | +€35,508 | +34.9% |
| Operating profit (loss) | 9901 | €98,921 | €136,670 | +€37,750 | +38.2% |
| Financial income | 75/76B | €50 | €1 | -€50 | -98.6% |
| Recurring financial income | 75 | €50 | €1 | -€50 | -98.6% |
| Financial charges | 65/66B | €283 | €100 | -€182 | -64.5% |
| Recurring financial charges | 65 | €283 | €100 | -€182 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €98,688 | €136,571 | +€37,882 | +38.4% |
| Income taxes | 67/77 | €1,584 | €1,759 | +€174 | +11.0% |
| Profit (loss) for the period | 9904 | €97,104 | €134,812 | +€37,708 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,104 | €134,812 | +€37,708 | +38.8% |
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.