ARQEA: 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.
ARQEA
Largest movements
- Financial fixed assets +€583,517
up €583,517 (+2,653%), from €21,997 to €605,514
- Receivables within one year -€197,153
down €197,153 (-35.6%), from €553,151 to €355,998
of which Trade receivables: -€209,952
- Deferred charges and accrued income +€20,960
up €20,960 (+116%), from €18,031 to €38,991
- Tangible fixed assets -€17,264
down €17,264 (-29.4%), from €58,710 to €41,446
- Profit (loss) carried forward +€319,351
up €319,351 (+80.4%), from €397,149 to €716,500
- Trade debts -€242,268
down €242,268 (-64.3%), from €376,617 to €134,349
- Other debts +€235,162
up €235,162 (+411,123%), from €57 to €235,219
- Tax, wage and social debts +€100,570
up €100,570 (+112%), from €90,070 to €190,640
of which Taxes: +€103,304
- Gross operating margin +€117,512
up €117,512 (+25.9%), from €453,316 to €570,828
- Staff costs -€41,648
down €41,648 (-27.3%), from €152,321 to €110,674
- Taxes +€37,449
up €37,449 (+45.3%), from €82,691 to €120,140
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.
Derived cash bridge
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 | €917,626 | €1,319,418 | +€401,792 | +43.8% |
| Fixed assets | 21/28 | €80,707 | €650,954 | +€570,247 | +707% |
| Intangible fixed assets | 21 | - | €3,995 | +€3,995 | |
| Tangible fixed assets | 22/27 | €58,710 | €41,446 | -€17,264 | -29.4% |
| Plant, machinery and equipment | 23 | €5,495 | - | -€5,495 | |
| Furniture and vehicles | 24 | €16,015 | €8,885 | -€7,130 | -44.5% |
| Other tangible fixed assets | 26 | €37,200 | €32,560 | -€4,640 | -12.5% |
| Financial fixed assets | 28 | €21,997 | €605,514 | +€583,517 | +2,653% |
| Current assets | 29/58 | €836,919 | €668,464 | -€168,455 | -20.1% |
| Amounts receivable within one year | 40/41 | €553,151 | €355,998 | -€197,153 | -35.6% |
| Trade receivables | 40 | €553,091 | €343,139 | -€209,952 | -38.0% |
| Other amounts receivable | 41 | €60 | €12,859 | +€12,799 | +21,332% |
| Cash at bank and in hand | 54/58 | €265,737 | €273,475 | +€7,738 | +2.9% |
| Deferred charges and accrued income | 490/1 | €18,031 | €38,991 | +€20,960 | +116% |
| Total equity and liabilities | 10/49 | €917,626 | €1,319,418 | +€401,792 | +43.8% |
| Equity | 10/15 | €420,249 | €739,600 | +€319,351 | +76.0% |
| Contributions | 10/11 | €23,100 | €23,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €397,149 | €716,500 | +€319,351 | +80.4% |
| Amounts payable | 17/49 | €497,377 | €579,818 | +€82,441 | +16.6% |
| Amounts payable after more than one year | 17 | €19,609 | €8,369 | -€11,240 | -57.3% |
| Financial debts | 170/4 | €19,609 | €8,369 | -€11,240 | -57.3% |
| Amounts payable within one year | 42/48 | €477,768 | €571,449 | +€93,681 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €11,024 | €11,240 | +€216 | +2.0% |
| Trade debts | 44 | €376,617 | €134,349 | -€242,268 | -64.3% |
| Suppliers | 440/4 | €376,617 | €134,349 | -€242,268 | -64.3% |
| Taxes, remuneration and social security | 45 | €90,070 | €190,640 | +€100,570 | +112% |
| Taxes | 450/3 | €76,644 | €179,947 | +€103,304 | +135% |
| Remuneration and social security | 454/9 | €13,426 | €10,693 | -€2,733 | -20.4% |
| Other amounts payable | 47/48 | €57 | €235,219 | +€235,162 | +411,123% |
| Remuneration, social security and pensions | 62 | €152,321 | €110,674 | -€41,648 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,502 | €14,882 | -€1,619 | -9.8% |
| Other operating charges | 640/8 | €1,319 | €1,585 | +€266 | +20.2% |
| Non-recurring operating charges | 66A | - | €196 | +€196 | |
| Gross operating margin | 9900 | €453,316 | €570,828 | +€117,512 | +25.9% |
| Operating profit (loss) | 9901 | €283,175 | €443,492 | +€160,317 | +56.6% |
| Financial income | 75/76B | €339 | €2 | -€337 | -99.5% |
| Recurring financial income | 75 | €339 | €2 | -€337 | -99.5% |
| Financial charges | 65/66B | €4,545 | €4,002 | -€544 | -12.0% |
| Recurring financial charges | 65 | €4,545 | €4,002 | -€544 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €278,968 | €439,492 | +€160,524 | +57.5% |
| Income taxes | 67/77 | €82,691 | €120,140 | +€37,449 | +45.3% |
| Profit (loss) for the period | 9904 | €196,277 | €319,351 | +€123,075 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €196,277 | €319,351 | +€123,075 | +62.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.