ARCOON: 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.
ARCOON
Largest movements
- Receivables within one year -€98,314
down €98,314 (-14.9%), from €660,864 to €562,550
of which Trade receivables: -€98,696
- Cash +€68,552
up €68,552 (+115.2%), from €59,499 to €128,051
mainly Net result for the year (+€101,574) and Receivables within one year (+€98,314)
- Deferred charges and accrued income -€26,177
down €26,177 (-49.3%), from €53,044 to €26,868
- Trade debts -€167,313
down €167,313 (-26.9%), from €622,938 to €455,625
- Other debts +€82,500
up €82,500 (+1100.0%), from €7,500 to €90,000
- Debts after one year +€17,946
up €17,946 (+90.6%), from €19,811 to €37,758
- Profit (loss) carried forward +€11,574
up €11,574 (+12451.6%), from €93 to €11,667
- Gross operating margin +€122,473
up €122,473 (+31.3%), from €390,900 to €513,373
- Staff costs +€24,898
up €24,898 (+7.5%), from €329,933 to €354,831
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €912,813 | €854,768 | -€58,045 | -6.4% |
| Fixed assets | 21/28 | €139,406 | €137,300 | -€2,106 | -1.5% |
| Intangible fixed assets | 21 | €6,536 | €6,602 | +€67 | +1.0% |
| Tangible fixed assets | 22/27 | €132,871 | €130,698 | -€2,173 | -1.6% |
| Plant, machinery and equipment | 23 | €2,609 | €19,577 | +€16,968 | +650.4% |
| Furniture and vehicles | 24 | €64,836 | €57,972 | -€6,864 | -10.6% |
| Other tangible fixed assets | 26 | €65,426 | €53,149 | -€12,277 | -18.8% |
| Current assets | 29/58 | €773,407 | €717,468 | -€55,939 | -7.2% |
| Amounts receivable within one year | 40/41 | €660,864 | €562,550 | -€98,314 | -14.9% |
| Trade receivables | 40 | €642,644 | €543,949 | -€98,696 | -15.4% |
| Other amounts receivable | 41 | €18,219 | €18,602 | +€382 | +2.1% |
| Cash at bank and in hand | 54/58 | €59,499 | €128,051 | +€68,552 | +115.2% |
| Deferred charges and accrued income | 490/1 | €53,044 | €26,868 | -€26,177 | -49.3% |
| Total equity and liabilities | 10/49 | €912,813 | €854,768 | -€58,045 | -6.4% |
| Equity | 10/15 | €152,093 | €163,667 | +€11,574 | +7.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €77,000 | €77,000 | = | 0.0% |
| Distributable reserves | 133 | €77,000 | €77,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93 | €11,667 | +€11,574 | +12451.6% |
| Amounts payable | 17/49 | €760,720 | €691,102 | -€69,619 | -9.2% |
| Amounts payable after more than one year | 17 | €19,811 | €37,758 | +€17,946 | +90.6% |
| Financial debts | 170/4 | €19,811 | €37,758 | +€17,946 | +90.6% |
| Amounts payable within one year | 42/48 | €736,489 | €652,931 | -€83,558 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €27,266 | €33,983 | +€6,716 | +24.6% |
| Trade debts | 44 | €622,938 | €455,625 | -€167,313 | -26.9% |
| Suppliers | 440/4 | €622,938 | €455,625 | -€167,313 | -26.9% |
| Taxes, remuneration and social security | 45 | €78,784 | €73,324 | -€5,461 | -6.9% |
| Taxes | 450/3 | €35,963 | €18,820 | -€17,143 | -47.7% |
| Remuneration and social security | 454/9 | €42,821 | €54,503 | +€11,682 | +27.3% |
| Other amounts payable | 47/48 | €7,500 | €90,000 | +€82,500 | +1100.0% |
| Accrued charges and deferred income | 492/3 | €4,420 | €413 | -€4,007 | -90.6% |
| Remuneration, social security and pensions | 62 | €329,933 | €354,831 | +€24,898 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,559 | €41,916 | +€1,357 | +3.3% |
| Other operating charges | 640/8 | €5,781 | €2,397 | -€3,384 | -58.5% |
| Gross operating margin | 9900 | €390,900 | €513,373 | +€122,473 | +31.3% |
| Operating profit (loss) | 9901 | €14,627 | €114,228 | +€99,602 | +681.0% |
| Financial income | 75/76B | €973 | €416 | -€557 | -57.3% |
| Recurring financial income | 75 | €973 | €416 | -€557 | -57.3% |
| Financial charges | 65/66B | €4,800 | €4,036 | -€765 | -15.9% |
| Recurring financial charges | 65 | €4,800 | €4,036 | -€765 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €10,800 | €110,609 | +€99,809 | +924.2% |
| Income taxes | 67/77 | €4,117 | €9,035 | +€4,918 | +119.4% |
| Profit (loss) for the period | 9904 | €6,682 | €101,574 | +€94,892 | +1420.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,682 | €101,574 | +€94,892 | +1420.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.