ARCUS: 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.
ARCUS
Largest movements
- Current investments -€185,278
down €185,278 (-43.0%), from €431,304 to €246,026
- Receivables within one year +€66,682
up €66,682 (+290.2%), from €22,977 to €89,659
of which Other amounts receivable: +€80,191
- Cash -€29,855
down €29,855 (-37.1%), from €80,500 to €50,645
mainly Receivables within one year (-€66,682) and Debts after one year (-€65,000)
- Debts after one year -€65,000
down €65,000 (-92.9%), from €70,000 to €5,000
- Other debts -€64,684
down €64,684 (-100.0%), from €64,684 to €0
- Tax, wage and social debts -€40,677
down €40,677 (-91.7%), from €44,362 to €3,685
- Provisions -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Accrued charges and deferred income +€26,700
up €26,700 (+821.5%), from €3,250 to €29,950
- Gross operating margin -€57,513
down €57,513 (-46.0%), from €125,161 to €67,648
- Taxes -€12,735
down €12,735 (-61.8%), from €20,604 to €7,869
- Financial income -€2,837
down €2,837 (-22.9%), from €12,373 to €9,536
- Other operating charges -€1,768
down €1,768 (-20.1%), from €8,772 to €7,005
- Depreciation +€1,693
up €1,693 (+3.7%), from €45,526 to €47,219
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 | €984,542 | €832,252 | -€152,290 | -15.5% |
| Fixed assets | 21/28 | €449,761 | €445,922 | -€3,839 | -0.9% |
| Tangible fixed assets | 22/27 | €449,148 | €445,309 | -€3,839 | -0.9% |
| Land and buildings | 22 | €395,777 | €364,655 | -€31,122 | -7.9% |
| Plant, machinery and equipment | 23 | €36,475 | €44,723 | +€8,247 | +22.6% |
| Furniture and vehicles | 24 | €16,896 | €35,932 | +€19,035 | +112.7% |
| Financial fixed assets | 28 | €612 | €612 | = | 0.0% |
| Current assets | 29/58 | €534,781 | €386,330 | -€148,451 | -27.8% |
| Amounts receivable within one year | 40/41 | €22,977 | €89,659 | +€66,682 | +290.2% |
| Trade receivables | 40 | €22,977 | €9,469 | -€13,508 | -58.8% |
| Other amounts receivable | 41 | €0 | €80,191 | +€80,191 | |
| Current investments | 50/53 | €431,304 | €246,026 | -€185,278 | -43.0% |
| Cash at bank and in hand | 54/58 | €80,500 | €50,645 | -€29,855 | -37.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €984,542 | €832,252 | -€152,290 | -15.5% |
| Equity | 10/15 | €726,194 | €733,560 | +€7,366 | +1.0% |
| Contributions | 10/11 | €355,454 | €355,454 | = | 0.0% |
| Reserves | 13 | €370,740 | €378,106 | +€7,366 | +2.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,507 | €18,507 | = | 0.0% |
| Distributable reserves | 133 | €352,233 | €359,599 | +€7,366 | +2.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €30,000 | €0 | -€30,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €0 | -€30,000 | -100.0% |
| Major repairs and maintenance | 162 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts payable | 17/49 | €228,347 | €98,691 | -€129,656 | -56.8% |
| Amounts payable after more than one year | 17 | €70,000 | €5,000 | -€65,000 | -92.9% |
| Financial debts | 170/4 | €70,000 | €5,000 | -€65,000 | -92.9% |
| Amounts payable within one year | 42/48 | €155,097 | €63,741 | -€91,356 | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €28,750 | €28,750 | = | 0.0% |
| Trade debts | 44 | €17,301 | €29,206 | +€11,905 | +68.8% |
| Suppliers | 440/4 | €17,301 | €29,206 | +€11,905 | +68.8% |
| Advances received on contracts in progress | 46 | - | €2,100 | +€2,100 | |
| Taxes, remuneration and social security | 45 | €44,362 | €3,685 | -€40,677 | -91.7% |
| Taxes | 450/3 | €44,362 | €3,685 | -€40,677 | -91.7% |
| Other amounts payable | 47/48 | €64,684 | €0 | -€64,684 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,250 | €29,950 | +€26,700 | +821.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,526 | €47,219 | +€1,693 | +3.7% |
| Other operating charges | 640/8 | €8,772 | €7,005 | -€1,768 | -20.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €125,161 | €67,648 | -€57,513 | -46.0% |
| Operating profit (loss) | 9901 | €70,863 | €13,424 | -€57,438 | -81.1% |
| Financial income | 75/76B | €12,373 | €9,536 | -€2,837 | -22.9% |
| Recurring financial income | 75 | €12,373 | €9,536 | -€2,837 | -22.9% |
| Financial charges | 65/66B | €7,679 | €7,725 | +€46 | +0.6% |
| Recurring financial charges | 65 | €7,679 | €7,725 | +€46 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €75,556 | €15,235 | -€60,321 | -79.8% |
| Income taxes | 67/77 | €20,604 | €7,869 | -€12,735 | -61.8% |
| Profit (loss) for the period | 9904 | €54,953 | €7,366 | -€47,587 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,953 | €7,366 | -€47,587 | -86.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.