ARCSOL: 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.
ARCSOL
Largest movements
- Receivables within one year +€148,674
new in 2025: €148,674
of which Other amounts receivable: +€147,366
- Cash -€145,395
down €145,395 (-88.9%), from €163,465 to €18,069
mainly Receivables within one year (-€148,674) and Accrued charges and deferred income (-€70,637)
- Current investments -€50,000
down €50,000 (-14.9%), from €335,000 to €285,000
- Tangible fixed assets +€10,563
new in 2025: €10,563
- Accrued charges and deferred income -€70,637
down €70,637 (-100.0%), from €70,637 to €0
- Other debts +€40,795
up €40,795 (+26.3%), from €155,239 to €196,034
- Tax, wage and social debts -€10,825
down €10,825 (-100.0%), from €10,825 to €0
- Trade debts +€5,817
up €5,817 (+38.6%), from €15,052 to €20,869
- Gross operating margin -€120,473
down €120,473 (-61.0%), from €197,380 to €76,907
- Taxes -€28,691
down €28,691 (-57.3%), from €50,031 to €21,340
- Financial income +€9,981
up €9,981 (+1752.0%), from €570 to €10,550
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 | €499,395 | €464,427 | -€34,968 | -7.0% |
| Fixed assets | 21/28 | - | €10,563 | +€10,563 | |
| Tangible fixed assets | 22/27 | - | €10,563 | +€10,563 | |
| Furniture and vehicles | 24 | - | €10,563 | +€10,563 | |
| Current assets | 29/58 | €499,395 | €453,864 | -€45,531 | -9.1% |
| Amounts receivable within one year | 40/41 | - | €148,674 | +€148,674 | |
| Trade receivables | 40 | - | €1,308 | +€1,308 | |
| Other amounts receivable | 41 | - | €147,366 | +€147,366 | |
| Current investments | 50/53 | €335,000 | €285,000 | -€50,000 | -14.9% |
| Cash at bank and in hand | 54/58 | €163,465 | €18,069 | -€145,395 | -88.9% |
| Deferred charges and accrued income | 490/1 | €930 | €2,121 | +€1,191 | +128.0% |
| Total equity and liabilities | 10/49 | €499,395 | €464,427 | -€34,968 | -7.0% |
| Equity | 10/15 | €247,643 | €247,524 | -€118 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €227,500 | €227,500 | = | 0.0% |
| Distributable reserves | 133 | €227,500 | €227,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143 | €24 | -€118 | -82.9% |
| Amounts payable | 17/49 | €251,752 | €216,902 | -€34,850 | -13.8% |
| Amounts payable within one year | 42/48 | €181,115 | €216,902 | +€35,787 | +19.8% |
| Trade debts | 44 | €15,052 | €20,869 | +€5,817 | +38.6% |
| Suppliers | 440/4 | €15,052 | €20,869 | +€5,817 | +38.6% |
| Taxes, remuneration and social security | 45 | €10,825 | €0 | -€10,825 | -100.0% |
| Taxes | 450/3 | €10,825 | €0 | -€10,825 | -100.0% |
| Other amounts payable | 47/48 | €155,239 | €196,034 | +€40,795 | +26.3% |
| Accrued charges and deferred income | 492/3 | €70,637 | €0 | -€70,637 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,834 | +€1,834 | |
| Other operating charges | 640/8 | €137 | €698 | +€561 | +408.6% |
| Gross operating margin | 9900 | €197,380 | €76,907 | -€120,473 | -61.0% |
| Operating profit (loss) | 9901 | €197,242 | €74,375 | -€122,868 | -62.3% |
| Financial income | 75/76B | €570 | €10,550 | +€9,981 | +1752.0% |
| Recurring financial income | 75 | €570 | €10,550 | +€9,981 | +1752.0% |
| Financial charges | 65/66B | €51 | €203 | +€152 | +295.4% |
| Recurring financial charges | 65 | €51 | €203 | +€152 | +295.4% |
| Profit (loss) for the period before taxes | 9903 | €197,761 | €84,722 | -€113,039 | -57.2% |
| Income taxes | 67/77 | €50,031 | €21,340 | -€28,691 | -57.3% |
| Profit (loss) for the period | 9904 | €147,730 | €63,382 | -€84,348 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €147,730 | €63,382 | -€84,348 | -57.1% |
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 28 September 2026 via checked.be.