ARQUEST: 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.
ARQUEST
Largest movements
- Tangible fixed assets -€35,593
down €35,593 (-20.4%), from €174,256 to €138,663
- Cash -€5,967
down €5,967 (-16.4%), from €36,368 to €30,401
mainly Net result for the year (-€35,132) and Accrued charges and deferred income (-€7,410)
- Current investments -€4,183
down €4,183 (-6.4%), from €65,000 to €60,817
- Reserves -€35,132
down €35,132 (-14.4%), from €243,507 to €208,375
- Accrued charges and deferred income -€7,410
down €7,410 (-46.8%), from €15,835 to €8,425
- Financial charges +€9,183
up €9,183 (+10146.7%), from €91 to €9,273
- Gross operating margin +€2,879
up €2,879 (+37.1%), from €7,755 to €10,634
- Financial income +€2,343
up €2,343 (+296.6%), from €790 to €3,133
- Depreciation -€2,146
down €2,146 (-5.6%), from €38,518 to €36,372
- Other operating charges -€1,310
down €1,310 (-29.8%), from €4,396 to €3,086
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 | €278,744 | €236,226 | -€42,518 | -15.3% |
| Fixed assets | 21/28 | €174,256 | €138,663 | -€35,593 | -20.4% |
| Tangible fixed assets | 22/27 | €174,256 | €138,663 | -€35,593 | -20.4% |
| Land and buildings | 22 | €100,100 | €84,500 | -€15,600 | -15.6% |
| Plant, machinery and equipment | 23 | €12,611 | €10,760 | -€1,851 | -14.7% |
| Furniture and vehicles | 24 | €11,865 | €2,867 | -€8,998 | -75.8% |
| Other tangible fixed assets | 26 | €49,679 | €40,535 | -€9,144 | -18.4% |
| Current assets | 29/58 | €104,488 | €97,563 | -€6,925 | -6.6% |
| Amounts receivable within one year | 40/41 | €1,993 | €4,465 | +€2,472 | +124.0% |
| Trade receivables | 40 | €127 | €1,379 | +€1,252 | +985.7% |
| Other amounts receivable | 41 | €1,866 | €3,086 | +€1,220 | +65.4% |
| Current investments | 50/53 | €65,000 | €60,817 | -€4,183 | -6.4% |
| Cash at bank and in hand | 54/58 | €36,368 | €30,401 | -€5,967 | -16.4% |
| Deferred charges and accrued income | 490/1 | €1,127 | €1,880 | +€753 | +66.8% |
| Total equity and liabilities | 10/49 | €278,744 | €236,226 | -€42,518 | -15.3% |
| Equity | 10/15 | €262,057 | €226,925 | -€35,132 | -13.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €243,507 | €208,375 | -€35,132 | -14.4% |
| Distributable reserves | 133 | €243,507 | €208,375 | -€35,132 | -14.4% |
| Amounts payable | 17/49 | €16,687 | €9,301 | -€7,386 | -44.3% |
| Amounts payable within one year | 42/48 | €853 | €877 | +€24 | +2.8% |
| Trade debts | 44 | €587 | €695 | +€108 | +18.3% |
| Suppliers | 440/4 | €587 | €695 | +€108 | +18.3% |
| Taxes, remuneration and social security | 45 | €171 | €87 | -€83 | -48.8% |
| Taxes | 450/3 | €171 | €87 | -€83 | -48.8% |
| Other amounts payable | 47/48 | €95 | €95 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,835 | €8,425 | -€7,410 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,518 | €36,372 | -€2,146 | -5.6% |
| Other operating charges | 640/8 | €4,396 | €3,086 | -€1,310 | -29.8% |
| Gross operating margin | 9900 | €7,755 | €10,634 | +€2,879 | +37.1% |
| Operating profit (loss) | 9901 | -€35,159 | -€28,823 | +€6,336 | +18.0% |
| Financial income | 75/76B | €790 | €3,133 | +€2,343 | +296.6% |
| Recurring financial income | 75 | €790 | €3,133 | +€2,343 | +296.6% |
| Financial charges | 65/66B | €91 | €9,273 | +€9,183 | +10146.7% |
| Recurring financial charges | 65 | €91 | €9,273 | +€9,183 | +10146.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,459 | -€34,963 | -€504 | -1.5% |
| Income taxes | 67/77 | €134 | €169 | +€35 | +25.8% |
| Profit (loss) for the period | 9904 | -€34,593 | -€35,132 | -€538 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,593 | -€35,132 | -€538 | -1.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.