ARCUS: what changed
What changed
ARCUS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€171,625
2024 · -€89,271-€82,354
Equity
€3.1m
2024 · €3.2m-€171,625
Cash
€532,497
2024 · €163,106+€369,391
Balance sheet total
€4.5m
2024 · €4.8m-€244,276
Largest movements
Assets
- Receivables within one year -€444,368
down €444,368 (-73.1%), from €607,804 to €163,436
of which Other amounts receivable: -€467,103
- Cash +€369,391
up €369,391 (+226%), from €163,106 to €532,497
mainly Receivables within one year (+€444,368) and Depreciation (+€196,666)
- Tangible fixed assets -€179,238
down €179,238 (-7.9%), from €2.3m to €2.1m
of which Land and buildings: -€170,684
Equity and liabilities
- Profit (loss) carried forward -€171,625
down €171,625 (-67.7%), from -€253,410 to -€425,035
- Debts after one year -€56,707
down €56,707 (-11.2%), from €506,705 to €449,998
of which Financial debts: -€58,052
Income statement
- Gross operating margin -€81,605
down €81,605 (-29.7%), from €274,455 to €192,850
- Depreciation -€23,922
down €23,922 (-10.8%), from €220,588 to €196,666
- Staff costs +€21,569
up €21,569 (+31.8%), from €67,906 to €89,475
- Other operating charges +€9,992
up €9,992 (+23.5%), from €42,502 to €52,494
- Financial charges -€5,177
down €5,177 (-17.0%), from €30,386 to €25,208
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€89,271
Gross operating margin
-€81,605
Staff costs
-€21,569
Depreciation
+€23,922
Other operating charges
-€9,992
Financial income
-€0
Financial charges
+€5,177
Taxes
+€1,713
Result 2025
-€171,625
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€470,959
Investment
-€17,428
Financing
-€84,140
Cash 2024
€163,106
From operations (derived)
+€470,959
Net result for the year
-€171,625
Depreciation
+€196,666
Receivables within one year
+€444,368
Deferred charges and accrued income
-€9,938
Trade debts
+€11,520
Tax, wage and social debts
-€1,171
Other debts
-€5,611
Accrued charges and deferred income
+€6,750
Investment (derived)
-€17,428
Investment in fixed assets (net)
-€17,428
Financing
-€84,140
Debts after one year
-€56,707
Current portion of long-term debt
-€27,433
Cash 2025
€532,497
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,791,894 | €4,547,618 | -€244,276 | -5.1% |
| Fixed assets | 21/28 | €4,017,229 | €3,837,991 | -€179,238 | -4.5% |
| Tangible fixed assets | 22/27 | €2,256,229 | €2,076,991 | -€179,238 | -7.9% |
| Land and buildings | 22 | €2,233,241 | €2,062,557 | -€170,684 | -7.6% |
| Furniture and vehicles | 24 | €21,296 | €13,015 | -€8,281 | -38.9% |
| Other tangible fixed assets | 26 | €1,692 | €1,420 | -€273 | -16.1% |
| Financial fixed assets | 28 | €1,761,000 | €1,761,000 | = | 0.0% |
| Current assets | 29/58 | €774,666 | €709,627 | -€65,039 | -8.4% |
| Amounts receivable within one year | 40/41 | €607,804 | €163,436 | -€444,368 | -73.1% |
| Trade receivables | 40 | €34,767 | €57,502 | +€22,735 | +65.4% |
| Other amounts receivable | 41 | €573,038 | €105,934 | -€467,103 | -81.5% |
| Cash at bank and in hand | 54/58 | €163,106 | €532,497 | +€369,391 | +226% |
| Deferred charges and accrued income | 490/1 | €3,755 | €13,694 | +€9,938 | +265% |
| Total equity and liabilities | 10/49 | €4,791,894 | €4,547,618 | -€244,276 | -5.1% |
| Equity | 10/15 | €3,246,446 | €3,074,821 | -€171,625 | -5.3% |
| Contributions | 10/11 | €1,822,973 | €1,822,973 | = | 0.0% |
| Capital | 10 | €1,822,973 | €1,822,973 | = | 0.0% |
| Issued capital | 100 | €1,822,973 | €1,822,973 | = | 0.0% |
| Reserves | 13 | €1,676,883 | €1,676,883 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70,077 | €70,077 | = | 0.0% |
| Legal reserve | 130 | €70,077 | €70,077 | = | 0.0% |
| Distributable reserves | 133 | €1,606,806 | €1,606,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,410 | -€425,035 | -€171,625 | -67.7% |
| Amounts payable | 17/49 | €1,545,449 | €1,472,797 | -€72,652 | -4.7% |
| Amounts payable after more than one year | 17 | €506,705 | €449,998 | -€56,707 | -11.2% |
| Financial debts | 170/4 | €504,705 | €446,653 | -€58,052 | -11.5% |
| Other amounts payable | 178/9 | €2,000 | €3,345 | +€1,345 | +67.3% |
| Amounts payable within one year | 42/48 | €1,038,744 | €1,016,048 | -€22,695 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €85,485 | €58,052 | -€27,433 | -32.1% |
| Trade debts | 44 | €63,514 | €75,034 | +€11,520 | +18.1% |
| Suppliers | 440/4 | €63,514 | €75,034 | +€11,520 | +18.1% |
| Taxes, remuneration and social security | 45 | €38,349 | €37,179 | -€1,171 | -3.1% |
| Taxes | 450/3 | €31,903 | €30,319 | -€1,583 | -5.0% |
| Remuneration and social security | 454/9 | €6,447 | €6,859 | +€412 | +6.4% |
| Other amounts payable | 47/48 | €851,395 | €845,784 | -€5,611 | -0.7% |
| Accrued charges and deferred income | 492/3 | - | €6,750 | +€6,750 | |
| Non-recurring operating income | 76A | - | €5,908 | +€5,908 | |
| Remuneration, social security and pensions | 62 | €67,906 | €89,475 | +€21,569 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,588 | €196,666 | -€23,922 | -10.8% |
| Other operating charges | 640/8 | €42,502 | €52,494 | +€9,992 | +23.5% |
| Gross operating margin | 9900 | €274,455 | €192,850 | -€81,605 | -29.7% |
| Operating profit (loss) | 9901 | -€56,542 | -€145,786 | -€89,243 | -158% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €30,386 | €25,208 | -€5,177 | -17.0% |
| Recurring financial charges | 65 | €30,386 | €25,208 | -€5,177 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€86,927 | -€170,994 | -€84,067 | -96.7% |
| Income taxes | 67/77 | €2,343 | €631 | -€1,713 | -73.1% |
| Profit (loss) for the period | 9904 | -€89,271 | -€171,625 | -€82,354 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,271 | -€171,625 | -€82,354 | -92.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.