Arquus Capital: 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.
Arquus Capital
Largest movements
- Tangible fixed assets -€17.9m
down €17.9m (-4.5%), from €396.8m to €378.9m
- Current assets +€6.6m
up €6.6m (+55.7%), from €11.9m to €18.5m
of which Receivables within one year: +€5.1m
- Debts -€16.6m
down €16.6m (-3.3%), from €497.2m to €480.7m
of which Debts after one year: -€28.1m
- Provisions +€6.4m
up €6.4m (+28.0%), from €23.0m to €29.5m
- Taxes -€1.6m
down €1.6m (-20.1%), from €7.9m to €6.3m
- Turnover +€1.2m
up €1.2m (+2.2%), from €57.3m to €58.5m
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,777,209 | €447,959,665 | -€8.8m | -1.9% |
| Fixed assets | 21/28 | €444,895,594 | €429,454,325 | -€15.4m | -3.5% |
| Tangible fixed assets | 22/27 | €396,756,855 | €378,875,219 | -€17.9m | -4.5% |
| Financial fixed assets | 28 | €48,138,739 | €50,579,106 | +€2.4m | +5.1% |
| Current assets | 29/58 | €11,881,615 | €18,505,340 | +€6.6m | +55.7% |
| Amounts receivable within one year | 40/41 | €76,932 | €5,182,794 | +€5.1m | +6,637% |
| Current investments | 50/53 | €1,923,693 | €1,923,693 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,516,489 | €10,806,901 | +€1.3m | +13.6% |
| Total equity and liabilities | 10/49 | €456,777,209 | €447,959,665 | -€8.8m | -1.9% |
| Equity | 10/15 | -€63,512,876 | -€62,212,711 | +€1.3m | +2.0% |
| Contributions | 10/11 | €20,062,000 | €20,062,000 | = | 0.0% |
| Reserves | 13 | - | €65,008 | +€65,008 | |
| Profit (loss) carried forward | 14 | -€83,574,876 | -€82,339,719 | +€1.2m | +1.5% |
| Provisions and deferred taxes | 16 | €23,046,514 | €29,496,132 | +€6.4m | +28.0% |
| Amounts payable | 17/49 | €497,243,571 | €480,676,244 | -€16.6m | -3.3% |
| Amounts payable after more than one year | 17 | €426,024,658 | €397,906,333 | -€28.1m | -6.6% |
| Amounts payable within one year | 42/48 | €52,649,125 | €64,141,232 | +€11.5m | +21.8% |
| Trade debts | 44 | €6,309,825 | €656,525 | -€5.7m | -89.6% |
| Turnover | 70 | €57,312,256 | €58,545,387 | +€1.2m | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,881,636 | €17,881,636 | = | 0.0% |
| Operating profit (loss) | 9901 | €34,305,432 | €35,532,885 | +€1.2m | +3.6% |
| Recurring financial income | 75 | €2,322,624 | €2,440,367 | +€117,742 | +5.1% |
| Recurring financial charges | 65 | €31,780,021 | €30,375,426 | -€1.4m | -4.4% |
| Debt charges | 650 | €13,531,567 | €12,901,016 | -€630,551 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €4,848,035 | €7,597,826 | +€2.7m | +56.7% |
| Income taxes | 67/77 | €7,885,484 | €6,297,661 | -€1.6m | -20.1% |
| Profit (loss) for the period | 9904 | -€3,037,449 | €1,300,165 | +€4.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,037,449 | €1,300,165 | +€4.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.