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
- Receivables within one year -€50,335
down €50,335 (-71.3%), from €70,593 to €20,258
of which Trade receivables: -€50,794
- Deferred charges and accrued income +€37,094
up €37,094 (+250.8%), from €14,790 to €51,884
- Tangible fixed assets -€29,778
down €29,778 (-19.0%), from €156,845 to €127,067
- Cash +€13,793
up €13,793 (+115.3%), from €11,962 to €25,755
mainly Depreciation (+€56,544) and Receivables within one year (+€50,335)
- Trade debts +€46,022
up €46,022 (+258.0%), from €17,835 to €63,857
- Other debts -€44,074
down €44,074 (-59.8%), from €73,641 to €29,567
- Accrued charges and deferred income -€42,448
down €42,448 (-100.0%), from €42,448 to €0
- Profit (loss) carried forward +€13,202
up €13,202 (+19.2%), from -€68,646 to -€55,444
- Gross operating margin +€92,647
up €92,647, from -€12,996 to €79,652
- Depreciation +€9,551
up €9,551 (+20.3%), from €46,993 to €56,544
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 | €256,513 | €228,025 | -€28,488 | -11.1% |
| Fixed assets | 21/28 | €156,845 | €127,067 | -€29,778 | -19.0% |
| Tangible fixed assets | 22/27 | €156,845 | €127,067 | -€29,778 | -19.0% |
| Land and buildings | 22 | €156,845 | €127,067 | -€29,778 | -19.0% |
| Current assets | 29/58 | €99,669 | €100,958 | +€1,290 | +1.3% |
| Stocks and contracts in progress | 3 | €2,323 | €3,061 | +€738 | +31.8% |
| Stocks | 30/36 | €2,323 | €3,061 | +€738 | +31.8% |
| Amounts receivable within one year | 40/41 | €70,593 | €20,258 | -€50,335 | -71.3% |
| Trade receivables | 40 | €70,582 | €19,788 | -€50,794 | -72.0% |
| Other amounts receivable | 41 | €11 | €470 | +€459 | +4138.3% |
| Cash at bank and in hand | 54/58 | €11,962 | €25,755 | +€13,793 | +115.3% |
| Deferred charges and accrued income | 490/1 | €14,790 | €51,884 | +€37,094 | +250.8% |
| Total equity and liabilities | 10/49 | €256,513 | €228,025 | -€28,488 | -11.1% |
| Equity | 10/15 | €112,608 | €125,809 | +€13,202 | +11.7% |
| Contributions | 10/11 | €9,950 | €9,950 | = | 0.0% |
| Reserves | 13 | €171,304 | €171,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,507 | €2,507 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,507 | €2,507 | = | 0.0% |
| Distributable reserves | 133 | €168,797 | €168,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,646 | -€55,444 | +€13,202 | +19.2% |
| Amounts payable | 17/49 | €143,905 | €102,216 | -€41,690 | -29.0% |
| Amounts payable within one year | 42/48 | €101,457 | €102,216 | +€759 | +0.7% |
| Trade debts | 44 | €17,835 | €63,857 | +€46,022 | +258.0% |
| Suppliers | 440/4 | €17,835 | €63,857 | +€46,022 | +258.0% |
| Taxes, remuneration and social security | 45 | €9,981 | €8,792 | -€1,189 | -11.9% |
| Taxes | 450/3 | €9,981 | €8,792 | -€1,189 | -11.9% |
| Other amounts payable | 47/48 | €73,641 | €29,567 | -€44,074 | -59.8% |
| Accrued charges and deferred income | 492/3 | €42,448 | €0 | -€42,448 | -100.0% |
| Remuneration, social security and pensions | 62 | €709 | €0 | -€709 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,993 | €56,544 | +€9,551 | +20.3% |
| Other operating charges | 640/8 | €2,755 | €3,172 | +€417 | +15.1% |
| Gross operating margin | 9900 | -€12,996 | €79,652 | +€92,647 | |
| Operating profit (loss) | 9901 | -€63,453 | €19,935 | +€83,388 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €6,992 | €6,256 | -€737 | -10.5% |
| Recurring financial charges | 65 | €6,992 | €6,256 | -€737 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€70,445 | €13,682 | +€84,127 | |
| Income taxes | 67/77 | €463 | €480 | +€18 | +3.8% |
| Profit (loss) for the period | 9904 | -€70,908 | €13,202 | +€84,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,908 | €13,202 | +€84,110 |
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 5 October 2026 via checked.be.