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 -€33,091
down €33,091 (-32.1%), from €102,953 to €69,862
mainly Debts after one year (-€107,815) and Current portion of long-term debt (-€12,795)
- Tangible fixed assets -€30,884
down €30,884 (-2.8%), from €1.1m to €1.1m
of which Land and buildings: -€22,280
- Debts after one year -€107,815
down €107,815 (-22.6%), from €477,621 to €369,806
of which Other amounts payable: -€64,500
- Reserves +€62,634
up €62,634 (+8.9%), from €700,063 to €762,696
of which Distributable reserves: +€62,634
- Gross operating margin +€57,939
up €57,939 (+51.3%), from €113,038 to €170,978
- Taxes +€9,968
up €9,968 (+109.6%), from €9,092 to €19,060
- Financial income -€7,171
down €7,171 (-59.9%), from €11,971 to €4,800
- Other operating charges -€4,501
down €4,501 (-43.6%), from €10,315 to €5,814
- Financial charges +€2,253
up €2,253 (+8.3%), from €26,985 to €29,238
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 | €1,424,517 | €1,364,136 | -€60,381 | -4.2% |
| Fixed assets | 21/28 | €1,119,397 | €1,088,513 | -€30,884 | -2.8% |
| Tangible fixed assets | 22/27 | €1,119,397 | €1,088,513 | -€30,884 | -2.8% |
| Land and buildings | 22 | €972,107 | €949,827 | -€22,280 | -2.3% |
| Plant, machinery and equipment | 23 | €65 | €4,329 | +€4,264 | +6569.6% |
| Furniture and vehicles | 24 | €147,225 | €134,358 | -€12,867 | -8.7% |
| Current assets | 29/58 | €305,120 | €275,623 | -€29,497 | -9.7% |
| Amounts receivable after more than one year | 29 | €160,000 | €160,000 | = | 0.0% |
| Other amounts receivable | 291 | €160,000 | €160,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,150 | €43,384 | +€7,233 | +20.0% |
| Trade receivables | 40 | €24,010 | €25,071 | +€1,061 | +4.4% |
| Other amounts receivable | 41 | €12,141 | €18,313 | +€6,172 | +50.8% |
| Cash at bank and in hand | 54/58 | €102,953 | €69,862 | -€33,091 | -32.1% |
| Deferred charges and accrued income | 490/1 | €6,016 | €2,378 | -€3,639 | -60.5% |
| Total equity and liabilities | 10/49 | €1,424,517 | €1,364,136 | -€60,381 | -4.2% |
| Equity | 10/15 | €787,063 | €849,696 | +€62,634 | +8.0% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €700,063 | €762,696 | +€62,634 | +8.9% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Distributable reserves | 133 | €691,363 | €753,996 | +€62,634 | +9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €637,454 | €514,440 | -€123,014 | -19.3% |
| Amounts payable after more than one year | 17 | €477,621 | €369,806 | -€107,815 | -22.6% |
| Financial debts | 170/4 | €132,621 | €89,306 | -€43,315 | -32.7% |
| Other amounts payable | 178/9 | €345,000 | €280,500 | -€64,500 | -18.7% |
| Amounts payable within one year | 42/48 | €136,526 | €117,975 | -€18,551 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €56,110 | €43,315 | -€12,795 | -22.8% |
| Trade debts | 44 | €13,447 | €3,096 | -€10,351 | -77.0% |
| Suppliers | 440/4 | €13,447 | €3,096 | -€10,351 | -77.0% |
| Taxes, remuneration and social security | 45 | €26,230 | €28,218 | +€1,988 | +7.6% |
| Taxes | 450/3 | €19,332 | €27,110 | +€7,779 | +40.2% |
| Remuneration and social security | 454/9 | €6,899 | €1,108 | -€5,791 | -83.9% |
| Other amounts payable | 47/48 | €40,738 | €43,345 | +€2,606 | +6.4% |
| Accrued charges and deferred income | 492/3 | €23,307 | €26,659 | +€3,352 | +14.4% |
| Non-recurring operating income | 76A | €0 | €20,489 | +€20,489 | |
| Remuneration, social security and pensions | 62 | €25,030 | €22,872 | -€2,158 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,903 | €36,161 | +€1,258 | +3.6% |
| Other operating charges | 640/8 | €10,315 | €5,814 | -€4,501 | -43.6% |
| Gross operating margin | 9900 | €113,038 | €170,978 | +€57,939 | +51.3% |
| Operating profit (loss) | 9901 | €42,791 | €106,132 | +€63,341 | +148.0% |
| Financial income | 75/76B | €11,971 | €4,800 | -€7,171 | -59.9% |
| Recurring financial income | 75 | €11,971 | €4,800 | -€7,171 | -59.9% |
| Financial charges | 65/66B | €26,985 | €29,238 | +€2,253 | +8.3% |
| Recurring financial charges | 65 | €26,985 | €29,238 | +€2,253 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €27,777 | €81,694 | +€53,917 | +194.1% |
| Income taxes | 67/77 | €9,092 | €19,060 | +€9,968 | +109.6% |
| Profit (loss) for the period | 9904 | €18,685 | €62,634 | +€43,949 | +235.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,685 | €62,634 | +€43,949 | +235.2% |
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 7 October 2026 via checked.be.