ARCOTERIA: 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.
ARCOTERIA
Largest movements
- Receivables within one year +€281,936
up €281,936 (+403%), from €70,007 to €351,942
of which Trade receivables: +€219,356
- Receivables after one year +€43,000
up €43,000 (+45.6%), from €94,200 to €137,200
- Advances received +€181,912
new in 2025: €181,912
- Profit (loss) carried forward +€74,048
up €74,048 (+68.3%), from €108,418 to €182,466
- Trade debts +€27,222
up €27,222 (+886%), from €3,071 to €30,293
- Tax, wage and social debts +€19,763
up €19,763 (+50.6%), from €39,090 to €58,852
- Short-term financial debts +€16,651
new in 2025: €16,651
- Financial income +€19,300
up €19,300 (+336%), from €5,744 to €25,044
- Financial charges +€14,586
up €14,586 (+2,738%), from €533 to €15,118
- Gross operating margin +€4,187
up €4,187 (+4.6%), from €90,513 to €94,701
- Taxes +€2,559
up €2,559 (+9.9%), from €25,875 to €28,434
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.
Derived cash bridge
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 | €171,293 | €490,635 | +€319,342 | +186% |
| Fixed assets | 21/28 | €2,319 | €1,456 | -€863 | -37.2% |
| Tangible fixed assets | 22/27 | €2,319 | €1,456 | -€863 | -37.2% |
| Furniture and vehicles | 24 | €2,319 | €1,456 | -€863 | -37.2% |
| Current assets | 29/58 | €168,974 | €489,179 | +€320,205 | +189% |
| Amounts receivable after more than one year | 29 | €94,200 | €137,200 | +€43,000 | +45.6% |
| Other amounts receivable | 291 | €94,200 | €137,200 | +€43,000 | +45.6% |
| Amounts receivable within one year | 40/41 | €70,007 | €351,942 | +€281,936 | +403% |
| Trade receivables | 40 | €26,205 | €245,561 | +€219,356 | +837% |
| Other amounts receivable | 41 | €43,801 | €106,381 | +€62,580 | +143% |
| Cash at bank and in hand | 54/58 | €4,768 | €21 | -€4,747 | -99.6% |
| Deferred charges and accrued income | 490/1 | - | €16 | +€16 | |
| Total equity and liabilities | 10/49 | €171,293 | €490,635 | +€319,342 | +186% |
| Equity | 10/15 | €128,878 | €202,926 | +€74,048 | +57.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,418 | €182,466 | +€74,048 | +68.3% |
| Amounts payable | 17/49 | €42,415 | €287,709 | +€245,294 | +578% |
| Amounts payable within one year | 42/48 | €42,161 | €287,709 | +€245,548 | +582% |
| Financial debts | 43 | - | €16,651 | +€16,651 | |
| Credit institutions | 430/8 | - | €16,651 | +€16,651 | |
| Trade debts | 44 | €3,071 | €30,293 | +€27,222 | +886% |
| Suppliers | 440/4 | €3,071 | €30,293 | +€27,222 | +886% |
| Advances received on contracts in progress | 46 | - | €181,912 | +€181,912 | |
| Taxes, remuneration and social security | 45 | €39,090 | €58,852 | +€19,763 | +50.6% |
| Taxes | 450/3 | €39,090 | €58,852 | +€19,763 | +50.6% |
| Accrued charges and deferred income | 492/3 | €254 | - | -€254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €863 | +€594 | +221% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €750 | +€750 | |
| Other operating charges | 640/8 | €522 | €531 | +€9 | +1.7% |
| Gross operating margin | 9900 | €90,513 | €94,701 | +€4,187 | +4.6% |
| Operating profit (loss) | 9901 | €89,722 | €92,557 | +€2,835 | +3.2% |
| Financial income | 75/76B | €5,744 | €25,044 | +€19,300 | +336% |
| Recurring financial income | 75 | €5,744 | €25,044 | +€19,300 | +336% |
| Financial charges | 65/66B | €533 | €15,118 | +€14,586 | +2,738% |
| Recurring financial charges | 65 | €533 | €15,118 | +€14,586 | +2,738% |
| Profit (loss) for the period before taxes | 9903 | €94,933 | €102,482 | +€7,549 | +8.0% |
| Income taxes | 67/77 | €25,875 | €28,434 | +€2,559 | +9.9% |
| Profit (loss) for the period | 9904 | €69,058 | €74,048 | +€4,990 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,058 | €74,048 | +€4,990 | +7.2% |
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 23 October 2026 via checked.be.