ARCUS: 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.
ARCUS
Largest movements
- Current investments +€50,000
up €50,000 (+50.0%), from €100,062 to €150,062
- Tangible fixed assets -€42,951
down €42,951 (-6.5%), from €660,980 to €618,029
of which Land and buildings: -€51,842
- Cash +€28,258
up €28,258 (+37.4%), from €75,605 to €103,863
mainly Net result for the year (+€358,170) and Depreciation (+€94,113)
- Deferred charges and accrued income +€22,331
up €22,331 (+31.6%), from €70,773 to €93,104
- Other debts +€92,916
up €92,916 (+35.5%), from €261,533 to €354,448
- Debts after one year -€52,138
down €52,138 (-45.0%), from €115,883 to €63,745
- Gross operating margin +€100,210
up €100,210 (+21.1%), from €474,396 to €574,606
- Staff costs +€13,176
up €13,176 (+13.9%), from €95,053 to €108,229
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 | €907,420 | €965,534 | +€58,114 | +6.4% |
| Fixed assets | 21/28 | €660,980 | €618,029 | -€42,951 | -6.5% |
| Tangible fixed assets | 22/27 | €660,980 | €618,029 | -€42,951 | -6.5% |
| Land and buildings | 22 | €621,903 | €570,061 | -€51,842 | -8.3% |
| Plant, machinery and equipment | 23 | €25,665 | €27,576 | +€1,911 | +7.4% |
| Furniture and vehicles | 24 | €13,412 | €20,392 | +€6,980 | +52.0% |
| Current assets | 29/58 | €246,440 | €347,505 | +€101,065 | +41.0% |
| Amounts receivable within one year | 40/41 | - | €476 | +€476 | |
| Other amounts receivable | 41 | - | €476 | +€476 | |
| Current investments | 50/53 | €100,062 | €150,062 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €75,605 | €103,863 | +€28,258 | +37.4% |
| Deferred charges and accrued income | 490/1 | €70,773 | €93,104 | +€22,331 | +31.6% |
| Total equity and liabilities | 10/49 | €907,420 | €965,534 | +€58,114 | +6.4% |
| Equity | 10/15 | €443,523 | €449,745 | +€6,222 | +1.4% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Reserves | 13 | €124,923 | €131,145 | +€6,222 | +5.0% |
| Tax-exempt reserves | 132 | €66 | €66 | = | 0.0% |
| Distributable reserves | 133 | €124,858 | €131,079 | +€6,222 | +5.0% |
| Amounts payable | 17/49 | €463,897 | €515,789 | +€51,892 | +11.2% |
| Amounts payable after more than one year | 17 | €115,883 | €63,745 | -€52,138 | -45.0% |
| Financial debts | 170/4 | €115,883 | €63,745 | -€52,138 | -45.0% |
| Amounts payable within one year | 42/48 | €345,288 | €450,344 | +€105,056 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €49,933 | €52,138 | +€2,205 | +4.4% |
| Trade debts | 44 | €22,802 | €31,414 | +€8,612 | +37.8% |
| Suppliers | 440/4 | €22,802 | €31,414 | +€8,612 | +37.8% |
| Taxes, remuneration and social security | 45 | €11,021 | €12,344 | +€1,324 | +12.0% |
| Taxes | 450/3 | €675 | - | -€675 | |
| Remuneration and social security | 454/9 | €10,345 | €12,344 | +€1,999 | +19.3% |
| Other amounts payable | 47/48 | €261,533 | €354,448 | +€92,916 | +35.5% |
| Accrued charges and deferred income | 492/3 | €2,726 | €1,700 | -€1,026 | -37.6% |
| Remuneration, social security and pensions | 62 | €95,053 | €108,229 | +€13,176 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,834 | €94,113 | -€721 | -0.8% |
| Other operating charges | 640/8 | €6,428 | €6,638 | +€211 | +3.3% |
| Gross operating margin | 9900 | €474,396 | €574,606 | +€100,210 | +21.1% |
| Operating profit (loss) | 9901 | €278,081 | €365,625 | +€87,545 | +31.5% |
| Financial income | 75/76B | €297 | €1,485 | +€1,187 | +399.2% |
| Recurring financial income | 75 | €297 | €1,485 | +€1,187 | +399.2% |
| Financial charges | 65/66B | €9,106 | €6,846 | -€2,261 | -24.8% |
| Recurring financial charges | 65 | €9,106 | €6,846 | -€2,261 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €269,272 | €360,265 | +€90,993 | +33.8% |
| Income taxes | 67/77 | €3,176 | €2,094 | -€1,081 | -34.1% |
| Profit (loss) for the period | 9904 | €266,096 | €358,170 | +€92,074 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €266,096 | €358,170 | +€92,074 | +34.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.