Areca Ventures: 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.
Areca Ventures
Largest movements
- Cash +€8,102
up €8,102 (+333.1%), from €2,432 to €10,534
mainly Debts after one year (+€28,000) and Receivables after one year (+€5,000)
- Financial fixed assets +€7,113
up €7,113 (+3.3%), from €212,600 to €219,712
- Receivables within one year +€6,033
up €6,033 (+56.3%), from €10,714 to €16,748
of which Other amounts receivable: +€15,865
- Receivables after one year -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Debts after one year +€28,000
up €28,000 (+13.2%), from €211,870 to €239,870
- Trade debts -€9,722
down €9,722 (-96.7%), from €10,053 to €331
- Reserves -€2,740
down €2,740 (-17.9%), from €15,293 to €12,553
- Financial income -€5,709
down €5,709 (-73.5%), from €7,762 to €2,054
- Gross operating margin +€1,365
up €1,365 (+23.8%), from -€5,733 to -€4,369
- Taxes -€918
down €918, from €459 to -€459
- Other operating charges -€384
down €384 (-60.2%), from €638 to €254
- Financial charges -€124
down €124 (-45.2%), from €274 to €150
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 | €247,216 | €262,780 | +€15,565 | +6.3% |
| Fixed assets | 21/28 | €213,553 | €220,186 | +€6,633 | +3.1% |
| Tangible fixed assets | 22/27 | €953 | €474 | -€480 | -50.3% |
| Furniture and vehicles | 24 | €953 | €474 | -€480 | -50.3% |
| Financial fixed assets | 28 | €212,600 | €219,712 | +€7,113 | +3.3% |
| Current assets | 29/58 | €33,663 | €42,594 | +€8,931 | +26.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Other amounts receivable | 291 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €10,714 | €16,748 | +€6,033 | +56.3% |
| Trade receivables | 40 | €9,831 | €0 | -€9,831 | -100.0% |
| Other amounts receivable | 41 | €883 | €16,748 | +€15,865 | +1796.7% |
| Cash at bank and in hand | 54/58 | €2,432 | €10,534 | +€8,102 | +333.1% |
| Deferred charges and accrued income | 490/1 | €516 | €313 | -€204 | -39.5% |
| Total equity and liabilities | 10/49 | €247,216 | €262,780 | +€15,565 | +6.3% |
| Equity | 10/15 | €25,293 | €22,553 | -€2,740 | -10.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €15,293 | €12,553 | -€2,740 | -17.9% |
| Distributable reserves | 133 | €15,293 | €12,553 | -€2,740 | -17.9% |
| Amounts payable | 17/49 | €221,923 | €240,227 | +€18,304 | +8.2% |
| Amounts payable after more than one year | 17 | €211,870 | €239,870 | +€28,000 | +13.2% |
| Financial debts | 170/4 | €211,870 | €239,870 | +€28,000 | +13.2% |
| Amounts payable within one year | 42/48 | €10,053 | €357 | -€9,696 | -96.5% |
| Trade debts | 44 | €10,053 | €331 | -€9,722 | -96.7% |
| Suppliers | 440/4 | €10,053 | €331 | -€9,722 | -96.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €26 | +€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480 | €480 | = | 0.0% |
| Other operating charges | 640/8 | €638 | €254 | -€384 | -60.2% |
| Gross operating margin | 9900 | -€5,733 | -€4,369 | +€1,365 | +23.8% |
| Operating profit (loss) | 9901 | -€6,851 | -€5,102 | +€1,749 | +25.5% |
| Financial income | 75/76B | €7,762 | €2,054 | -€5,709 | -73.5% |
| Recurring financial income | 75 | €7,762 | €2,054 | -€5,709 | -73.5% |
| Financial charges | 65/66B | €274 | €150 | -€124 | -45.2% |
| Recurring financial charges | 65 | €274 | €150 | -€124 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €638 | -€3,199 | -€3,836 | |
| Income taxes | 67/77 | €459 | -€459 | -€918 | |
| Profit (loss) for the period | 9904 | €178 | -€2,740 | -€2,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €178 | -€2,740 | -€2,918 |
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 6 October 2026 via checked.be.