ARCY: 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.
What changed
ARCY
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€236,398
2024 · €490,949-€254,551
Equity
€8.4m
2024 · €8.2m+€236,398
Cash
€42,302
2024 · €88,981-€46,679
Balance sheet total
€19.2m
2024 · €15.7m+€3.5m
Largest movements
Assets
- Receivables within one year +€3.5m
up €3.5m (+69.6%), from €5.0m to €8.4m
of which Other amounts receivable: +€3.4m
Equity and liabilities
- Other debts +€2.9m
up €2.9m (+78.8%), from €3.6m to €6.5m
- Reserves +€236,398
up €236,398 (+4.0%), from €5.9m to €6.1m
Income statement
- Financial income +€898,783
up €898,783 (+117.8%), from €762,803 to €1.7m
- Gross operating margin -€773,008
down €773,008, from €152,170 to -€620,838
- Financial charges +€297,560
up €297,560 (+126.1%), from €235,892 to €533,452
- Staff costs +€67,298
up €67,298 (+42.5%), from €158,278 to €225,576
- Other operating charges +€9,919
up €9,919 (+311.5%), from €3,184 to €13,103
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.
Result 2024
€490,949
Gross operating margin
-€773,008
Staff costs
-€67,298
Depreciation
-€5,504
Other operating charges
-€9,919
Financial income
+€898,783
Financial charges
-€297,560
Taxes
-€46
Result 2025
€236,398
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.
From operations
-€273,425
Investment
-€96,990
Financing
+€323,736
Cash 2024
€88,981
From operations (derived)
-€273,425
Net result for the year
+€236,398
Depreciation
+€31,517
Receivables within one year
-€3.5m
Deferred charges and accrued income
-€5,693
Trade debts
+€42,583
Tax, wage and social debts
+€9,946
Other debts
+€2.9m
Investment (derived)
-€96,990
Investment in fixed assets (net)
-€18,848
Current investments
-€78,141
Financing
+€323,736
Debts after one year
+€153,374
Current portion of long-term debt
+€170,362
Cash 2025
€42,302
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,737,956 | €19,213,333 | +€3.5m | +22.1% |
| Fixed assets | 21/28 | €10,663,850 | €10,651,182 | -€12,668 | -0.1% |
| Tangible fixed assets | 22/27 | €727,751 | €715,083 | -€12,668 | -1.7% |
| Land and buildings | 22 | €635,662 | €610,903 | -€24,759 | -3.9% |
| Furniture and vehicles | 24 | €2,089 | €14,180 | +€12,091 | +578.8% |
| Other tangible fixed assets | 26 | €90,000 | €90,000 | = | 0.0% |
| Financial fixed assets | 28 | €9,936,099 | €9,936,099 | = | 0.0% |
| Current assets | 29/58 | €5,074,106 | €8,562,151 | +€3.5m | +68.7% |
| Amounts receivable within one year | 40/41 | €4,958,242 | €8,409,132 | +€3.5m | +69.6% |
| Trade receivables | 40 | €25,117 | €37,434 | +€12,317 | +49.0% |
| Other amounts receivable | 41 | €4,933,125 | €8,371,698 | +€3.4m | +69.7% |
| Current investments | 50/53 | €20,186 | €98,327 | +€78,141 | +387.1% |
| Cash at bank and in hand | 54/58 | €88,981 | €42,302 | -€46,679 | -52.5% |
| Deferred charges and accrued income | 490/1 | €6,696 | €12,390 | +€5,693 | +85.0% |
| Total equity and liabilities | 10/49 | €15,737,956 | €19,213,333 | +€3.5m | +22.1% |
| Equity | 10/15 | €8,207,285 | €8,443,683 | +€236,398 | +2.9% |
| Contributions | 10/11 | €2,294,000 | €2,294,000 | = | 0.0% |
| Outside capital | 11 | €2,294,000 | - | -€2.3m | |
| Other | 1109/19 | €2,294,000 | - | -€2.3m | |
| Reserves | 13 | €5,913,285 | €6,149,683 | +€236,398 | +4.0% |
| Distributable reserves | 133 | €5,913,285 | €6,149,683 | +€236,398 | +4.0% |
| Amounts payable | 17/49 | €7,530,671 | €10,769,650 | +€3.2m | +43.0% |
| Amounts payable after more than one year | 17 | €1,422,247 | €1,575,621 | +€153,374 | +10.8% |
| Financial debts | 170/4 | €1,422,247 | €1,575,621 | +€153,374 | +10.8% |
| Amounts payable within one year | 42/48 | €6,108,424 | €9,194,029 | +€3.1m | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €2,309,646 | €2,480,007 | +€170,362 | +7.4% |
| Trade debts | 44 | €114,847 | €157,431 | +€42,583 | +37.1% |
| Suppliers | 440/4 | €114,847 | €157,431 | +€42,583 | +37.1% |
| Taxes, remuneration and social security | 45 | €50,292 | €60,238 | +€9,946 | +19.8% |
| Taxes | 450/3 | €26,180 | €27,116 | +€936 | +3.6% |
| Remuneration and social security | 454/9 | €24,112 | €33,123 | +€9,011 | +37.4% |
| Other amounts payable | 47/48 | €3,633,639 | €6,496,353 | +€2.9m | +78.8% |
| Remuneration, social security and pensions | 62 | €158,278 | €225,576 | +€67,298 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,013 | €31,517 | +€5,504 | +21.2% |
| Other operating charges | 640/8 | €3,184 | €13,103 | +€9,919 | +311.5% |
| Gross operating margin | 9900 | €152,170 | -€620,838 | -€773,008 | |
| Operating profit (loss) | 9901 | -€35,305 | -€891,033 | -€855,728 | -2423.8% |
| Financial income | 75/76B | €762,803 | €1,661,586 | +€898,783 | +117.8% |
| Recurring financial income | 75 | €762,803 | €1,661,586 | +€898,783 | +117.8% |
| Financial charges | 65/66B | €235,892 | €533,452 | +€297,560 | +126.1% |
| Recurring financial charges | 65 | €235,892 | €533,452 | +€297,560 | +126.1% |
| Profit (loss) for the period before taxes | 9903 | €491,607 | €237,101 | -€254,506 | -51.8% |
| Income taxes | 67/77 | €658 | €703 | +€46 | +6.9% |
| Profit (loss) for the period | 9904 | €490,949 | €236,398 | -€254,551 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €490,949 | €236,398 | -€254,551 | -51.8% |
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 5 October 2026 via checked.be.