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
- Cash -€55,635
down €55,635 (-58.4%), from €95,304 to €39,668
mainly Other debts (-€100,222) and Contributions, distributions and other (-€50,833)
- Receivables within one year -€22,472
down €22,472 (-48.7%), from €46,143 to €23,672
of which Other amounts receivable: -€22,809
- Other debts -€100,222
no longer reported in 2025 (was €100,222)
- Profit (loss) carried forward +€48,880
no longer reported in 2025 (was -€48,880)
- Reserves -€33,460
down €33,460 (-11.1%), from €302,185 to €268,726
- Tax, wage and social debts +€9,503
up €9,503 (+74.5%), from €12,748 to €22,251
- Gross operating margin +€39,513
up €39,513 (+79.8%), from €49,501 to €89,014
- Depreciation -€12,317
down €12,317 (-70.3%), from €17,529 to €5,212
- Taxes +€10,355
up €10,355 (+2090.1%), from €495 to €10,850
- Other operating charges -€2,788
down €2,788 (-49.7%), from €5,608 to €2,820
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 | €384,532 | €306,554 | -€77,978 | -20.3% |
| Fixed assets | 21/28 | €238,259 | €239,807 | +€1,548 | +0.6% |
| Tangible fixed assets | 22/27 | €238,233 | €239,780 | +€1,548 | +0.6% |
| Land and buildings | 22 | €227,524 | €227,104 | -€419 | -0.2% |
| Plant, machinery and equipment | 23 | €7,426 | €4,713 | -€2,713 | -36.5% |
| Furniture and vehicles | 24 | €2,017 | €1,345 | -€672 | -33.3% |
| Other tangible fixed assets | 26 | €1,265 | €6,617 | +€5,352 | +422.9% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €146,273 | €66,747 | -€79,526 | -54.4% |
| Amounts receivable within one year | 40/41 | €46,143 | €23,672 | -€22,472 | -48.7% |
| Trade receivables | 40 | €21,860 | €22,198 | +€338 | +1.5% |
| Other amounts receivable | 41 | €24,284 | €1,474 | -€22,809 | -93.9% |
| Cash at bank and in hand | 54/58 | €95,304 | €39,668 | -€55,635 | -58.4% |
| Deferred charges and accrued income | 490/1 | €4,827 | €3,407 | -€1,419 | -29.4% |
| Total equity and liabilities | 10/49 | €384,532 | €306,554 | -€77,978 | -20.3% |
| Equity | 10/15 | €265,705 | €281,126 | +€15,420 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €302,185 | €268,726 | -€33,460 | -11.1% |
| Distributable reserves | 133 | €302,185 | €268,726 | -€33,460 | -11.1% |
| Profit (loss) carried forward | 14 | -€48,880 | - | +€48,880 | |
| Amounts payable | 17/49 | €118,827 | €25,428 | -€93,399 | -78.6% |
| Amounts payable within one year | 42/48 | €115,761 | €22,339 | -€93,422 | -80.7% |
| Trade debts | 44 | €2,791 | €88 | -€2,703 | -96.9% |
| Suppliers | 440/4 | €2,791 | €88 | -€2,703 | -96.9% |
| Taxes, remuneration and social security | 45 | €12,748 | €22,251 | +€9,503 | +74.5% |
| Taxes | 450/3 | €12,748 | €22,251 | +€9,503 | +74.5% |
| Other amounts payable | 47/48 | €100,222 | - | -€100,222 | |
| Accrued charges and deferred income | 492/3 | €3,066 | €3,089 | +€24 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,529 | €5,212 | -€12,317 | -70.3% |
| Other operating charges | 640/8 | €5,608 | €2,820 | -€2,788 | -49.7% |
| Gross operating margin | 9900 | €49,501 | €89,014 | +€39,513 | +79.8% |
| Operating profit (loss) | 9901 | €26,364 | €80,983 | +€54,618 | +207.2% |
| Financial income | 75/76B | €283 | - | -€283 | |
| Recurring financial income | 75 | €283 | - | -€283 | |
| Financial charges | 65/66B | €3,672 | €3,880 | +€208 | +5.7% |
| Recurring financial charges | 65 | €3,672 | €3,880 | +€208 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €22,975 | €77,103 | +€54,128 | +235.6% |
| Income taxes | 67/77 | €495 | €10,850 | +€10,355 | +2090.1% |
| Profit (loss) for the period | 9904 | €22,480 | €66,253 | +€43,773 | +194.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,480 | €66,253 | +€43,773 | +194.7% |
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 8 October 2026 via checked.be.