ARSCO: 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.
ARSCO
Largest movements
- Cash +€119,694
up €119,694 (+4990.8%), from €2,398 to €122,092
mainly Net result for the year (+€87,878) and Tax, wage and social debts (+€27,482)
- Receivables within one year -€13,403
down €13,403 (-100.0%), from €13,403 to €0
of which Trade receivables: -€12,000
- Tangible fixed assets -€1,818
down €1,818 (-43.3%), from €4,202 to €2,384
- Reserves +€87,878
up €87,878 (+10917.8%), from €805 to €88,682
- Tax, wage and social debts +€27,482
up €27,482 (+12040.8%), from €228 to €27,710
- Other debts -€11,261
down €11,261 (-66.9%), from €16,841 to €5,580
- Gross operating margin +€110,644
up €110,644 (+4520.9%), from €2,447 to €113,091
- Taxes +€22,674
up €22,674 (+9934.2%), from €228 to €22,902
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 | €20,653 | €124,477 | +€103,824 | +502.7% |
| Fixed assets | 21/28 | €4,202 | €2,384 | -€1,818 | -43.3% |
| Tangible fixed assets | 22/27 | €4,202 | €2,384 | -€1,818 | -43.3% |
| Furniture and vehicles | 24 | €4,202 | €2,384 | -€1,818 | -43.3% |
| Current assets | 29/58 | €16,451 | €122,092 | +€105,641 | +642.2% |
| Amounts receivable within one year | 40/41 | €13,403 | €0 | -€13,403 | -100.0% |
| Trade receivables | 40 | €12,000 | €0 | -€12,000 | -100.0% |
| Other amounts receivable | 41 | €1,403 | €0 | -€1,403 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,398 | €122,092 | +€119,694 | +4990.8% |
| Deferred charges and accrued income | 490/1 | €650 | €0 | -€650 | -100.0% |
| Total equity and liabilities | 10/49 | €20,653 | €124,477 | +€103,824 | +502.7% |
| Equity | 10/15 | €3,305 | €91,182 | +€87,878 | +2659.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €805 | €88,682 | +€87,878 | +10917.8% |
| Distributable reserves | 133 | €805 | €88,682 | +€87,878 | +10917.8% |
| Amounts payable | 17/49 | €17,348 | €33,294 | +€15,946 | +91.9% |
| Amounts payable within one year | 42/48 | €17,348 | €33,294 | +€15,946 | +91.9% |
| Trade debts | 44 | €278 | €4 | -€275 | -98.7% |
| Suppliers | 440/4 | €278 | €4 | -€275 | -98.7% |
| Taxes, remuneration and social security | 45 | €228 | €27,710 | +€27,482 | +12040.8% |
| Taxes | 450/3 | €228 | €27,710 | +€27,482 | +12040.8% |
| Other amounts payable | 47/48 | €16,841 | €5,580 | -€11,261 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,251 | €1,818 | +€567 | +45.3% |
| Other operating charges | 640/8 | €62 | €216 | +€154 | +250.6% |
| Gross operating margin | 9900 | €2,447 | €113,091 | +€110,644 | +4520.9% |
| Operating profit (loss) | 9901 | €1,135 | €111,058 | +€109,923 | +9686.6% |
| Financial income | 75/76B | €73 | €0 | -€73 | -100.0% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -100.0% |
| Financial charges | 65/66B | €175 | €278 | +€103 | +58.8% |
| Recurring financial charges | 65 | €175 | €278 | +€103 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €1,033 | €110,780 | +€109,747 | +10622.6% |
| Income taxes | 67/77 | €228 | €22,902 | +€22,674 | +9934.2% |
| Profit (loss) for the period | 9904 | €805 | €87,878 | +€87,073 | +10817.8% |
| Profit (loss) for the period to be appropriated | 9905 | €805 | €87,878 | +€87,073 | +10817.8% |
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 6 October 2026 via checked.be.