ARCOR: 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.
What changed
ARCOR
NACE 88.993, Social work activities without accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€44,477
2024 · €25,386+€19,091
Equity
€3.6m
2024 · €3.7m-€69,778
Cash
€2.0m
2024 · €2.3m-€295,803
Balance sheet total
€4.4m
2024 · €4.7m-€288,814
Largest movements
Assets
- Cash -€295,803
down €295,803 (-13.0%), from €2.3m to €2.0m
mainly Investment in fixed assets (net) (-€303,479) and Tax, wage and social debts (-€120,231)
- Intangible fixed assets +€82,907
up €82,907 (+697.9%), from €11,880 to €94,787
- Receivables within one year -€50,964
down €50,964 (-15.9%), from €319,625 to €268,661
of which Other amounts receivable: -€90,666
Equity and liabilities
- Tax, wage and social debts -€120,231
down €120,231 (-25.1%), from €479,546 to €359,315
of which Taxes: -€73,487
- Investment grants -€114,255
down €114,255 (-52.2%), from €219,028 to €104,773
- Debts after one year -€108,719
down €108,719 (-33.5%), from €324,240 to €215,520
Income statement
- Gross operating margin +€244,701
up €244,701 (+6.4%), from €3.8m to €4.1m
- Staff costs +€151,632
up €151,632 (+4.2%), from €3.6m to €3.7m
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.
Result 2024
€25,386
Gross operating margin
+€244,701
Staff costs
-€151,632
Depreciation
-€34,339
Other operating charges
-€9,551
Other operating items
-€2,092
Financial income
-€19,805
Financial charges
-€8,076
Taxes
-€113
Result 2025
€44,477
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.
From operations
+€234,949
Investment
-€312,584
Financing
-€218,167
Cash 2024
€2.3m
From operations (derived)
+€234,949
Net result for the year
+€44,477
Depreciation
+€253,106
Stocks and contracts
+€1,525
Receivables within one year
+€50,964
Trade debts
+€1,639
Tax, wage and social debts
-€120,231
Accrued charges and deferred income
+€3,468
Investment (derived)
-€312,584
Investment in fixed assets (net)
-€303,479
Current investments
-€9,106
Financing
-€218,167
Debts after one year
-€108,719
Current portion of long-term debt
+€4,807
Contributions, distributions and other
-€114,255
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,656,995 | €4,368,181 | -€288,814 | -6.2% |
| Fixed assets | 21/28 | €1,461,328 | €1,511,701 | +€50,372 | +3.4% |
| Intangible fixed assets | 21 | €11,880 | €94,787 | +€82,907 | +697.9% |
| Tangible fixed assets | 22/27 | €1,447,008 | €1,414,474 | -€32,534 | -2.2% |
| Land and buildings | 22 | €797,053 | €878,489 | +€81,436 | +10.2% |
| Plant, machinery and equipment | 23 | €91,547 | €102,012 | +€10,466 | +11.4% |
| Furniture and vehicles | 24 | €165,259 | €129,735 | -€35,524 | -21.5% |
| Leasing and similar rights | 25 | €393,150 | €304,238 | -€88,912 | -22.6% |
| Financial fixed assets | 28 | €2,440 | €2,440 | = | 0.0% |
| Current assets | 29/58 | €3,195,667 | €2,856,480 | -€339,187 | -10.6% |
| Stocks and contracts in progress | 3 | €3,150 | €1,625 | -€1,525 | -48.4% |
| Stocks | 30/36 | €3,150 | €1,625 | -€1,525 | -48.4% |
| Amounts receivable within one year | 40/41 | €319,625 | €268,661 | -€50,964 | -15.9% |
| Trade receivables | 40 | €211,137 | €250,838 | +€39,702 | +18.8% |
| Other amounts receivable | 41 | €108,489 | €17,823 | -€90,666 | -83.6% |
| Current investments | 50/53 | €597,504 | €606,609 | +€9,106 | +1.5% |
| Cash at bank and in hand | 54/58 | €2,275,387 | €1,979,585 | -€295,803 | -13.0% |
| Total equity and liabilities | 10/49 | €4,656,995 | €4,368,181 | -€288,814 | -6.2% |
| Equity | 10/15 | €3,703,624 | €3,633,846 | -€69,778 | -1.9% |
| Contributions | 10/11 | €13,262 | €13,262 | = | 0.0% |
| Capital | 10 | €13,262 | €13,262 | = | 0.0% |
| Reserves | 13 | €148,573 | €148,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,322,760 | €3,367,237 | +€44,477 | +1.3% |
| Investment grants | 15 | €219,028 | €104,773 | -€114,255 | -52.2% |
| Amounts payable | 17/49 | €953,371 | €734,335 | -€219,036 | -23.0% |
| Amounts payable after more than one year | 17 | €324,240 | €215,520 | -€108,719 | -33.5% |
| Financial debts | 170/4 | €324,240 | €215,520 | -€108,719 | -33.5% |
| Amounts payable within one year | 42/48 | €615,777 | €501,992 | -€113,785 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €103,912 | €108,719 | +€4,807 | +4.6% |
| Trade debts | 44 | €32,318 | €33,958 | +€1,639 | +5.1% |
| Suppliers | 440/4 | €32,318 | €33,958 | +€1,639 | +5.1% |
| Taxes, remuneration and social security | 45 | €479,546 | €359,315 | -€120,231 | -25.1% |
| Taxes | 450/3 | €80,309 | €6,821 | -€73,487 | -91.5% |
| Remuneration and social security | 454/9 | €399,237 | €352,494 | -€46,744 | -11.7% |
| Accrued charges and deferred income | 492/3 | €13,355 | €16,823 | +€3,468 | +26.0% |
| Non-recurring operating income | 76A | €74,559 | €32,147 | -€42,412 | -56.9% |
| Remuneration, social security and pensions | 62 | €3,583,554 | €3,735,186 | +€151,632 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,767 | €253,106 | +€34,339 | +15.7% |
| Other operating charges | 640/8 | €11,731 | €21,282 | +€9,551 | +81.4% |
| Non-recurring operating charges | 66A | €4,757 | €6,849 | +€2,092 | +44.0% |
| Gross operating margin | 9900 | €3,811,915 | €4,056,616 | +€244,701 | +6.4% |
| Operating profit (loss) | 9901 | -€6,894 | €40,193 | +€47,086 | |
| Financial income | 75/76B | €40,000 | €20,195 | -€19,805 | -49.5% |
| Recurring financial income | 75 | €40,000 | €20,195 | -€19,805 | -49.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €7,092 | €15,168 | +€8,076 | +113.9% |
| Recurring financial charges | 65 | €7,092 | €15,168 | +€8,076 | +113.9% |
| Profit (loss) for the period before taxes | 9903 | €26,015 | €45,220 | +€19,205 | +73.8% |
| Income taxes | 67/77 | €629 | €742 | +€113 | +18.0% |
| Profit (loss) for the period | 9904 | €25,386 | €44,477 | +€19,091 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,386 | €44,477 | +€19,091 | +75.2% |
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 5 October 2026 via checked.be.