ARQUS: 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.
ARQUS
Largest movements
- Intangible fixed assets -€92,500
down €92,500 (-12.5%), from €740,000 to €647,500
- Receivables within one year +€55,246
up €55,246 (+24.4%), from €226,750 to €281,996
- Cash -€35,350
down €35,350 (-65.4%), from €54,082 to €18,731
mainly Trade debts (-€163,115) and Debts after one year (-€81,998)
- Tangible fixed assets -€14,675
down €14,675 (-26.4%), from €55,545 to €40,870
of which Plant, machinery and equipment: -€7,461
- Stocks and contracts -€13,613
down €13,613 (-21.5%), from €63,446 to €49,833
- Trade debts -€163,115
down €163,115 (-76.5%), from €213,282 to €50,167
- Debts after one year -€81,998
down €81,998 (-9.5%), from €858,957 to €776,959
- Tax, wage and social debts +€65,069
up €65,069 (+144.2%), from €45,129 to €110,199
of which Taxes: +€32,619
- Profit (loss) carried forward +€55,300
up €55,300, from -€55,300 to €0
- Accrued charges and deferred income +€21,990
up €21,990 (+2241.5%), from €981 to €22,971
- Gross operating margin +€76,609
up €76,609 (+16.4%), from €466,926 to €543,535
- Taxes +€20,649
up €20,649 (+6944.5%), from €297 to €20,946
- Financial income -€18,340
down €18,340 (-95.7%), from €19,155 to €815
- Staff costs -€12,453
down €12,453 (-3.5%), from €355,290 to €342,837
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 | €1,161,791 | €1,067,803 | -€93,988 | -8.1% |
| Fixed assets | 21/28 | €802,545 | €695,370 | -€107,175 | -13.4% |
| Intangible fixed assets | 21 | €740,000 | €647,500 | -€92,500 | -12.5% |
| Tangible fixed assets | 22/27 | €55,545 | €40,870 | -€14,675 | -26.4% |
| Plant, machinery and equipment | 23 | €28,057 | €20,595 | -€7,461 | -26.6% |
| Furniture and vehicles | 24 | €27,488 | €20,275 | -€7,214 | -26.2% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €359,246 | €372,433 | +€13,187 | +3.7% |
| Stocks and contracts in progress | 3 | €63,446 | €49,833 | -€13,613 | -21.5% |
| Contracts in progress | 37 | €63,446 | €49,833 | -€13,613 | -21.5% |
| Amounts receivable within one year | 40/41 | €226,750 | €281,996 | +€55,246 | +24.4% |
| Trade receivables | 40 | €226,750 | €281,996 | +€55,246 | +24.4% |
| Cash at bank and in hand | 54/58 | €54,082 | €18,731 | -€35,350 | -65.4% |
| Deferred charges and accrued income | 490/1 | €14,969 | €21,873 | +€6,904 | +46.1% |
| Total equity and liabilities | 10/49 | €1,161,791 | €1,067,803 | -€93,988 | -8.1% |
| Equity | 10/15 | -€35,300 | €25,444 | +€60,744 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €5,444 | +€5,444 | |
| Distributable reserves | 133 | - | €5,444 | +€5,444 | |
| Profit (loss) carried forward | 14 | -€55,300 | €0 | +€55,300 | |
| Amounts payable | 17/49 | €1,197,092 | €1,042,359 | -€154,732 | -12.9% |
| Amounts payable after more than one year | 17 | €858,957 | €776,959 | -€81,998 | -9.5% |
| Financial debts | 170/4 | €858,957 | €776,959 | -€81,998 | -9.5% |
| Amounts payable within one year | 42/48 | €337,154 | €242,429 | -€94,724 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €78,742 | €81,998 | +€3,256 | +4.1% |
| Trade debts | 44 | €213,282 | €50,167 | -€163,115 | -76.5% |
| Suppliers | 440/4 | €213,282 | €50,167 | -€163,115 | -76.5% |
| Taxes, remuneration and social security | 45 | €45,129 | €110,199 | +€65,069 | +144.2% |
| Taxes | 450/3 | €39,016 | €71,636 | +€32,619 | +83.6% |
| Remuneration and social security | 454/9 | €6,113 | €38,563 | +€32,450 | +530.8% |
| Other amounts payable | 47/48 | - | €65 | +€65 | |
| Accrued charges and deferred income | 492/3 | €981 | €22,971 | +€21,990 | +2241.5% |
| Remuneration, social security and pensions | 62 | €355,290 | €342,837 | -€12,453 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,553 | €107,175 | +€622 | +0.6% |
| Other operating charges | 640/8 | €883 | €1,909 | +€1,027 | +116.3% |
| Gross operating margin | 9900 | €466,926 | €543,535 | +€76,609 | +16.4% |
| Operating profit (loss) | 9901 | €4,200 | €91,614 | +€87,414 | +2081.2% |
| Financial income | 75/76B | €19,155 | €815 | -€18,340 | -95.7% |
| Recurring financial income | 75 | €19,155 | €815 | -€18,340 | -95.7% |
| Financial charges | 65/66B | €13,782 | €10,738 | -€3,044 | -22.1% |
| Recurring financial charges | 65 | €13,782 | €10,738 | -€3,044 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €9,573 | €81,690 | +€72,117 | +753.4% |
| Income taxes | 67/77 | €297 | €20,946 | +€20,649 | +6944.5% |
| Profit (loss) for the period | 9904 | €9,276 | €60,744 | +€51,469 | +554.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,276 | €60,744 | +€51,469 | +554.9% |
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 8 October 2026 via checked.be.