ARQUET: 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.
ARQUET
Largest movements
- Cash +€228,594
up €228,594 (+363%), from €62,902 to €291,497
mainly Other debts (+€196,587) and Receivables within one year (+€137,110)
- Receivables within one year -€137,110
down €137,110 (-65.2%), from €210,228 to €73,118
of which Other amounts receivable: -€137,110
- Financial fixed assets -€100,000
down €100,000 (-7.1%), from €1.4m to €1.3m
- Reserves -€207,200
down €207,200 (-17.3%), from €1.2m to €993,745
of which Distributable reserves: -€207,200
- Other debts +€196,587
up €196,587, from €0 to €196,587
- Debts after one year -€120,000
down €120,000 (-100%), from €120,000 to €0
- Current portion of long-term debt +€120,000
up €120,000 (+50.0%), from €240,000 to €360,000
- Gross operating margin -€32,420
down €32,420 (-31.9%), from €101,658 to €69,238
- Financial income +€10,046
up €10,046 (+245%), from €4,103 to €14,149
- Taxes -€5,101
down €5,101 (-19.1%), from €26,692 to €21,591
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 | €1,699,216 | €1,702,837 | +€3,622 | +0.2% |
| Fixed assets | 21/28 | €1,401,554 | €1,300,000 | -€101,554 | -7.2% |
| Tangible fixed assets | 22/27 | €1,554 | €0 | -€1,554 | -100% |
| Furniture and vehicles | 24 | €1,554 | €0 | -€1,554 | -100% |
| Financial fixed assets | 28 | €1,400,000 | €1,300,000 | -€100,000 | -7.1% |
| Current assets | 29/58 | €297,662 | €402,837 | +€105,175 | +35.3% |
| Amounts receivable within one year | 40/41 | €210,228 | €73,118 | -€137,110 | -65.2% |
| Trade receivables | 40 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 41 | €160,228 | €23,118 | -€137,110 | -85.6% |
| Cash at bank and in hand | 54/58 | €62,902 | €291,497 | +€228,594 | +363% |
| Deferred charges and accrued income | 490/1 | €24,532 | €38,223 | +€13,691 | +55.8% |
| Total equity and liabilities | 10/49 | €1,699,216 | €1,702,837 | +€3,622 | +0.2% |
| Equity | 10/15 | €1,307,954 | €1,100,830 | -€207,124 | -15.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,200,945 | €993,745 | -€207,200 | -17.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,680 | €33,680 | = | 0.0% |
| Distributable reserves | 133 | €1,161,065 | €953,865 | -€207,200 | -17.8% |
| Profit (loss) carried forward | 14 | €45,009 | €45,085 | +€76 | +0.2% |
| Amounts payable | 17/49 | €391,262 | €602,008 | +€210,745 | +53.9% |
| Amounts payable after more than one year | 17 | €120,000 | €0 | -€120,000 | -100% |
| Other amounts payable | 178/9 | €120,000 | €0 | -€120,000 | -100% |
| Amounts payable within one year | 42/48 | €256,599 | €580,145 | +€323,545 | +126% |
| Current portion of amounts payable after more than one year | 42 | €240,000 | €360,000 | +€120,000 | +50.0% |
| Trade debts | 44 | €1,225 | €879 | -€345 | -28.2% |
| Suppliers | 440/4 | €1,225 | €879 | -€345 | -28.2% |
| Taxes, remuneration and social security | 45 | €15,375 | €22,678 | +€7,304 | +47.5% |
| Taxes | 450/3 | €15,375 | €22,678 | +€7,304 | +47.5% |
| Other amounts payable | 47/48 | €0 | €196,587 | +€196,587 | |
| Accrued charges and deferred income | 492/3 | €14,663 | €21,863 | +€7,200 | +49.1% |
| Non-recurring operating income | 76A | €8,006 | €0 | -€8,006 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,554 | €1,554 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,250 | €1,581 | -€668 | -29.7% |
| Gross operating margin | 9900 | €101,658 | €69,238 | -€32,420 | -31.9% |
| Operating profit (loss) | 9901 | €97,855 | €66,103 | -€31,752 | -32.4% |
| Financial income | 75/76B | €4,103 | €14,149 | +€10,046 | +245% |
| Recurring financial income | 75 | €4,103 | €14,149 | +€10,046 | +245% |
| Financial charges | 65/66B | €7,910 | €7,585 | -€325 | -4.1% |
| Recurring financial charges | 65 | €7,910 | €7,585 | -€325 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €94,048 | €72,667 | -€21,381 | -22.7% |
| Transfer to deferred taxes | 680 | €33,680 | €0 | -€33,680 | -100% |
| Income taxes | 67/77 | €26,692 | €21,591 | -€5,101 | -19.1% |
| Profit (loss) for the period | 9904 | €33,676 | €51,076 | +€17,401 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,676 | €51,076 | +€17,401 | +51.7% |
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 14 October 2026 via checked.be.