ARQIPEL: 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.
ARQIPEL
Largest movements
- Tangible fixed assets -€290,453
down €290,453 (-34.1%), from €851,955 to €561,502
- Cash +€221,723
up €221,723 (+16978.1%), from €1,306 to €223,029
mainly Investment in fixed assets (net) (+€282,197) and Receivables within one year (+€62,229)
- Receivables within one year -€62,229
down €62,229 (-99.3%), from €62,664 to €436
of which Trade receivables: -€61,613
- Profit (loss) carried forward -€117,879
down €117,879 (-19.6%), from -€600,554 to -€718,433
- Trade debts -€62,627
down €62,627 (-94.9%), from €66,012 to €3,385
- Debts after one year +€46,164
up €46,164 (+5.7%), from €811,668 to €857,833
- Write-downs +€52,864
new in 2025: €52,864
- Depreciation -€41,777
down €41,777 (-83.5%), from €50,033 to €8,256
- Gross operating margin -€21,967
down €21,967, from €8,034 to -€13,933
- Financial charges +€2,473
up €2,473 (+6.3%), from €39,505 to €41,978
- Other operating charges -€542
down €542 (-39.0%), from €1,390 to €848
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 | €915,925 | €784,967 | -€130,958 | -14.3% |
| Fixed assets | 21/28 | €851,955 | €561,502 | -€290,453 | -34.1% |
| Tangible fixed assets | 22/27 | €851,955 | €561,502 | -€290,453 | -34.1% |
| Land and buildings | 22 | €851,955 | €561,502 | -€290,453 | -34.1% |
| Current assets | 29/58 | €63,970 | €223,465 | +€159,495 | +249.3% |
| Amounts receivable within one year | 40/41 | €62,664 | €436 | -€62,229 | -99.3% |
| Trade receivables | 40 | €62,049 | €436 | -€61,613 | -99.3% |
| Other amounts receivable | 41 | €615 | - | -€615 | |
| Cash at bank and in hand | 54/58 | €1,306 | €223,029 | +€221,723 | +16978.1% |
| Total equity and liabilities | 10/49 | €915,925 | €784,967 | -€130,958 | -14.3% |
| Equity | 10/15 | -€456,754 | -€574,633 | -€117,879 | -25.8% |
| Contributions | 10/11 | €143,800 | €143,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€600,554 | -€718,433 | -€117,879 | -19.6% |
| Amounts payable | 17/49 | €1,372,679 | €1,359,600 | -€13,080 | -1.0% |
| Amounts payable after more than one year | 17 | €811,668 | €857,833 | +€46,164 | +5.7% |
| Financial debts | 170/4 | €811,668 | €857,833 | +€46,164 | +5.7% |
| Amounts payable within one year | 42/48 | €521,637 | €459,705 | -€61,932 | -11.9% |
| Trade debts | 44 | €66,012 | €3,385 | -€62,627 | -94.9% |
| Suppliers | 440/4 | €66,012 | €3,385 | -€62,627 | -94.9% |
| Taxes, remuneration and social security | 45 | - | €695 | +€695 | |
| Taxes | 450/3 | - | €695 | +€695 | |
| Other amounts payable | 47/48 | €455,625 | €455,625 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €39,374 | €42,062 | +€2,688 | +6.8% |
| Non-recurring operating income | 76A | €19,189 | - | -€19,189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,033 | €8,256 | -€41,777 | -83.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €52,864 | +€52,864 | |
| Other operating charges | 640/8 | €1,390 | €848 | -€542 | -39.0% |
| Gross operating margin | 9900 | €8,034 | -€13,933 | -€21,967 | |
| Operating profit (loss) | 9901 | -€43,389 | -€75,901 | -€32,512 | -74.9% |
| Financial charges | 65/66B | €39,505 | €41,978 | +€2,473 | +6.3% |
| Recurring financial charges | 65 | €39,505 | €41,978 | +€2,473 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€82,894 | -€117,879 | -€34,985 | -42.2% |
| Profit (loss) for the period | 9904 | -€82,894 | -€117,879 | -€34,985 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,894 | -€117,879 | -€34,985 | -42.2% |
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 30 September 2026 via checked.be.