ARCOS: 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.
ARCOS
Largest movements
- Receivables within one year -€362,831
down €362,831 (-47.1%), from €770,869 to €408,038
of which Trade receivables: -€406,183
- Cash +€285,160
up €285,160 (+63.6%), from €448,040 to €733,200
mainly Receivables within one year (+€362,831) and Net result for the year (+€173,172)
- Receivables after one year -€145,460
down €145,460 (-19.0%), from €765,455 to €619,995
of which Trade receivables: -€765,455
- Tangible fixed assets +€37,202
up €37,202 (+18.8%), from €197,868 to €235,070
of which Furniture and vehicles: +€38,212
- Trade debts -€203,575
down €203,575 (-22.6%), from €899,375 to €695,799
- Reserves +€68,717
up €68,717 (+7.9%), from €870,196 to €938,913
of which Distributable reserves: +€68,717
- Short-term financial debts -€48,170
down €48,170 (-45.4%), from €106,216 to €58,046
- Staff costs -€18,481
down €18,481 (-4.7%), from €390,447 to €371,966
- Other operating charges +€16,215
up €16,215 (+33.9%), from €47,855 to €64,069
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 | €2,193,337 | €2,009,224 | -€184,113 | -8.4% |
| Fixed assets | 21/28 | €200,837 | €238,039 | +€37,202 | +18.5% |
| Tangible fixed assets | 22/27 | €197,868 | €235,070 | +€37,202 | +18.8% |
| Land and buildings | 22 | €41,019 | €36,845 | -€4,174 | -10.2% |
| Plant, machinery and equipment | 23 | €2,244 | €1,548 | -€696 | -31.0% |
| Furniture and vehicles | 24 | €66,342 | €104,554 | +€38,212 | +57.6% |
| Other tangible fixed assets | 26 | €88,262 | €92,122 | +€3,860 | +4.4% |
| Financial fixed assets | 28 | €2,969 | €2,969 | = | 0.0% |
| Current assets | 29/58 | €1,992,501 | €1,771,185 | -€221,316 | -11.1% |
| Amounts receivable after more than one year | 29 | €765,455 | €619,995 | -€145,460 | -19.0% |
| Trade receivables | 290 | €765,455 | - | -€765,455 | |
| Other amounts receivable | 291 | - | €619,995 | +€619,995 | |
| Amounts receivable within one year | 40/41 | €770,869 | €408,038 | -€362,831 | -47.1% |
| Trade receivables | 40 | €764,787 | €358,604 | -€406,183 | -53.1% |
| Other amounts receivable | 41 | €6,083 | €49,435 | +€43,352 | +712.7% |
| Current investments | 50/53 | €501 | €5,185 | +€4,685 | +935.7% |
| Cash at bank and in hand | 54/58 | €448,040 | €733,200 | +€285,160 | +63.6% |
| Deferred charges and accrued income | 490/1 | €7,635 | €4,766 | -€2,869 | -37.6% |
| Total equity and liabilities | 10/49 | €2,193,337 | €2,009,224 | -€184,113 | -8.4% |
| Equity | 10/15 | €888,788 | €957,505 | +€68,717 | +7.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €870,196 | €938,913 | +€68,717 | +7.9% |
| Non-distributable reserves | 130/1 | €19,859 | €19,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,859 | €19,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,120 | €31,120 | = | 0.0% |
| Distributable reserves | 133 | €819,217 | €887,934 | +€68,717 | +8.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,304,550 | €1,051,719 | -€252,831 | -19.4% |
| Amounts payable after more than one year | 17 | €111,483 | €121,213 | +€9,730 | +8.7% |
| Financial debts | 170/4 | €111,483 | €121,213 | +€9,730 | +8.7% |
| Amounts payable within one year | 42/48 | €1,193,067 | €930,506 | -€262,561 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €48,665 | €65,095 | +€16,430 | +33.8% |
| Financial debts | 43 | €106,216 | €58,046 | -€48,170 | -45.4% |
| Credit institutions | 430/8 | €106,216 | €58,046 | -€48,170 | -45.4% |
| Trade debts | 44 | €899,375 | €695,799 | -€203,575 | -22.6% |
| Suppliers | 440/4 | €899,375 | €695,799 | -€203,575 | -22.6% |
| Taxes, remuneration and social security | 45 | €128,616 | €111,566 | -€17,050 | -13.3% |
| Taxes | 450/3 | €79,285 | €63,962 | -€15,323 | -19.3% |
| Remuneration and social security | 454/9 | €49,331 | €47,604 | -€1,727 | -3.5% |
| Other amounts payable | 47/48 | €10,195 | €0 | -€10,195 | -100.0% |
| Non-recurring operating income | 76A | €15,000 | €23,013 | +€8,013 | +53.4% |
| Remuneration, social security and pensions | 62 | €390,447 | €371,966 | -€18,481 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,281 | €35,248 | +€1,967 | +5.9% |
| Other operating charges | 640/8 | €47,855 | €64,069 | +€16,215 | +33.9% |
| Non-recurring operating charges | 66A | €12,699 | €843 | -€11,856 | -93.4% |
| Gross operating margin | 9900 | €759,987 | €757,685 | -€2,301 | -0.3% |
| Operating profit (loss) | 9901 | €275,704 | €285,559 | +€9,855 | +3.6% |
| Financial income | 75/76B | €2,161 | €3,167 | +€1,006 | +46.6% |
| Recurring financial income | 75 | €2,161 | €3,167 | +€1,006 | +46.6% |
| Financial charges | 65/66B | €17,957 | €20,962 | +€3,006 | +16.7% |
| Recurring financial charges | 65 | €17,957 | €20,962 | +€3,006 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €259,908 | €267,764 | +€7,856 | +3.0% |
| Income taxes | 67/77 | €91,209 | €94,592 | +€3,382 | +3.7% |
| Profit (loss) for the period | 9904 | €168,699 | €173,172 | +€4,474 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €168,699 | €173,172 | +€4,474 | +2.7% |
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 6 October 2026 via checked.be.