ARCULUS: 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.
ARCULUS
Largest movements
- Cash +€20,766
up €20,766 (+109.6%), from €18,940 to €39,706
mainly Net result for the year (+€26,287) and Tax, wage and social debts (+€9,968)
- Receivables within one year +€15,674
up €15,674 (+322.0%), from €4,868 to €20,541
of which Trade receivables: +€11,237
- Tangible fixed assets -€2,073
down €2,073 (-35.7%), from €5,808 to €3,736
- Deferred charges and accrued income +€1,256
up €1,256 (+91.2%), from €1,377 to €2,633
- Reserves +€25,454
up €25,454 (+165.2%), from €15,410 to €40,864
- Tax, wage and social debts +€9,968
up €9,968 (+138.8%), from €7,180 to €17,148
- Gross operating margin +€16,140
up €16,140 (+75.8%), from €21,286 to €37,426
- Taxes +€2,979
up €2,979 (+65.6%), from €4,543 to €7,522
- Financial charges +€1,911
up €1,911 (+2713.9%), from €70 to €1,981
- Depreciation +€1,663
up €1,663 (+406.5%), from €409 to €2,073
- Financial income +€407
up €407 (+1373.7%), from €30 to €437
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 | €31,294 | €66,617 | +€35,323 | +112.9% |
| Fixed assets | 21/28 | €6,108 | €3,736 | -€2,373 | -38.8% |
| Tangible fixed assets | 22/27 | €5,808 | €3,736 | -€2,073 | -35.7% |
| Furniture and vehicles | 24 | €5,808 | €3,736 | -€2,073 | -35.7% |
| Financial fixed assets | 28 | €300 | €0 | -€300 | -100.0% |
| Current assets | 29/58 | €25,186 | €62,881 | +€37,695 | +149.7% |
| Amounts receivable within one year | 40/41 | €4,868 | €20,541 | +€15,674 | +322.0% |
| Trade receivables | 40 | €960 | €12,197 | +€11,237 | +1170.5% |
| Other amounts receivable | 41 | €3,908 | €8,345 | +€4,437 | +113.5% |
| Cash at bank and in hand | 54/58 | €18,940 | €39,706 | +€20,766 | +109.6% |
| Deferred charges and accrued income | 490/1 | €1,377 | €2,633 | +€1,256 | +91.2% |
| Total equity and liabilities | 10/49 | €31,294 | €66,617 | +€35,323 | +112.9% |
| Equity | 10/15 | €20,410 | €45,864 | +€25,454 | +124.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,410 | €40,864 | +€25,454 | +165.2% |
| Distributable reserves | 133 | €15,410 | €40,864 | +€25,454 | +165.2% |
| Amounts payable | 17/49 | €10,884 | €20,753 | +€9,869 | +90.7% |
| Amounts payable within one year | 42/48 | €10,650 | €20,718 | +€10,067 | +94.5% |
| Trade debts | 44 | €2,638 | €2,737 | +€99 | +3.8% |
| Suppliers | 440/4 | €2,638 | €2,737 | +€99 | +3.8% |
| Taxes, remuneration and social security | 45 | €7,180 | €17,148 | +€9,968 | +138.8% |
| Taxes | 450/3 | €7,180 | €17,148 | +€9,968 | +138.8% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €234 | €35 | -€199 | -85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €409 | €2,073 | +€1,663 | +406.5% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €21,286 | €37,426 | +€16,140 | +75.8% |
| Operating profit (loss) | 9901 | €20,827 | €35,353 | +€14,526 | +69.7% |
| Financial income | 75/76B | €30 | €437 | +€407 | +1373.7% |
| Recurring financial income | 75 | €30 | €437 | +€407 | +1373.7% |
| Financial charges | 65/66B | €70 | €1,981 | +€1,911 | +2713.9% |
| Recurring financial charges | 65 | €70 | €1,981 | +€1,911 | +2713.9% |
| Profit (loss) for the period before taxes | 9903 | €20,786 | €33,809 | +€13,023 | +62.7% |
| Income taxes | 67/77 | €4,543 | €7,522 | +€2,979 | +65.6% |
| Profit (loss) for the period | 9904 | €16,243 | €26,287 | +€10,044 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,243 | €26,287 | +€10,044 | +61.8% |
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 10 October 2026 via checked.be.