ARCVISE: 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.
ARCVISE
Largest movements
- Current investments +€35,000
up €35,000 (+1694.1%), from €2,066 to €37,066
- Receivables within one year +€19,454
up €19,454 (+24.5%), from €79,541 to €98,995
of which Trade receivables: +€21,795
- Deferred charges and accrued income -€15,017
down €15,017 (-60.1%), from €25,002 to €9,985
- Cash +€9,626
up €9,626 (+106.4%), from €9,046 to €18,672
mainly Net result for the year (+€37,495) and Tax, wage and social debts (+€21,267)
- Tangible fixed assets -€4,301
down €4,301 (-11.2%), from €38,273 to €33,972
of which Furniture and vehicles: -€3,048
- Reserves +€37,495
up €37,495 (+35.9%), from €104,369 to €141,864
- Debts after one year -€22,134
down €22,134 (-60.2%), from €36,748 to €14,614
- Tax, wage and social debts +€21,267
up €21,267 (+836.4%), from €2,543 to €23,810
of which Taxes: +€18,301
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Trade debts -€3,686
down €3,686 (-65.5%), from €5,626 to €1,940
- Gross operating margin +€56,943
up €56,943 (+1163.3%), from €4,895 to €61,838
- Taxes +€14,308
up €14,308 (+2058.2%), from €695 to €15,003
- Depreciation +€2,371
up €2,371 (+29.5%), from €8,048 to €10,418
- Financial income -€950
down €950 (-20.7%), from €4,590 to €3,640
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 | €193,929 | €238,691 | +€44,762 | +23.1% |
| Fixed assets | 21/28 | €38,273 | €33,972 | -€4,301 | -11.2% |
| Tangible fixed assets | 22/27 | €38,273 | €33,972 | -€4,301 | -11.2% |
| Land and buildings | 22 | €3,925 | €3,327 | -€598 | -15.2% |
| Plant, machinery and equipment | 23 | €8,557 | €7,902 | -€655 | -7.7% |
| Furniture and vehicles | 24 | €25,792 | €22,744 | -€3,048 | -11.8% |
| Current assets | 29/58 | €155,655 | €204,718 | +€49,063 | +31.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,541 | €98,995 | +€19,454 | +24.5% |
| Trade receivables | 40 | €10,875 | €32,670 | +€21,795 | +200.4% |
| Other amounts receivable | 41 | €68,666 | €66,325 | -€2,341 | -3.4% |
| Current investments | 50/53 | €2,066 | €37,066 | +€35,000 | +1694.1% |
| Cash at bank and in hand | 54/58 | €9,046 | €18,672 | +€9,626 | +106.4% |
| Deferred charges and accrued income | 490/1 | €25,002 | €9,985 | -€15,017 | -60.1% |
| Total equity and liabilities | 10/49 | €193,929 | €238,691 | +€44,762 | +23.1% |
| Equity | 10/15 | €122,969 | €160,464 | +€37,495 | +30.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,369 | €141,864 | +€37,495 | +35.9% |
| Distributable reserves | 133 | €104,369 | €141,864 | +€37,495 | +35.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €70,960 | €78,227 | +€7,267 | +10.2% |
| Amounts payable after more than one year | 17 | €36,748 | €14,614 | -€22,134 | -60.2% |
| Financial debts | 170/4 | €36,748 | €14,614 | -€22,134 | -60.2% |
| Amounts payable within one year | 42/48 | €34,211 | €48,612 | +€14,401 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €24,307 | €22,134 | -€2,173 | -8.9% |
| Financial debts | 43 | €1,736 | €729 | -€1,007 | -58.0% |
| Credit institutions | 430/8 | €1,736 | €729 | -€1,007 | -58.0% |
| Trade debts | 44 | €5,626 | €1,940 | -€3,686 | -65.5% |
| Suppliers | 440/4 | €5,626 | €1,940 | -€3,686 | -65.5% |
| Taxes, remuneration and social security | 45 | €2,543 | €23,810 | +€21,267 | +836.4% |
| Taxes | 450/3 | €2,543 | €20,844 | +€18,301 | +719.7% |
| Remuneration and social security | 454/9 | - | €2,966 | +€2,966 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,048 | €10,418 | +€2,371 | +29.5% |
| Other operating charges | 640/8 | €637 | €520 | -€117 | -18.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,895 | €61,838 | +€56,943 | +1163.3% |
| Operating profit (loss) | 9901 | -€3,789 | €50,900 | +€54,689 | |
| Financial income | 75/76B | €4,590 | €3,640 | -€950 | -20.7% |
| Recurring financial income | 75 | €4,590 | €3,640 | -€950 | -20.7% |
| Financial charges | 65/66B | €1,691 | €2,042 | +€351 | +20.7% |
| Recurring financial charges | 65 | €1,691 | €2,042 | +€351 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€890 | €52,498 | +€53,388 | |
| Income taxes | 67/77 | €695 | €15,003 | +€14,308 | +2058.2% |
| Profit (loss) for the period | 9904 | -€1,585 | €37,495 | +€39,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,585 | €37,495 | +€39,080 |
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 3 October 2026 via checked.be.