B.D. Arcadia: 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.
B.D. Arcadia
Largest movements
- Tangible fixed assets +€4.2m
new in 2025: €4.2m
of which Land and buildings: +€4.1m
- Stocks and contracts +€411,295
new in 2025: €411,295
- Debts after one year +€4.0m
new in 2025: €4.0m
- Other debts +€294,382
new in 2025: €294,382
- Trade debts +€283,004
up €283,004 (+455.8%), from €62,089 to €345,093
- Short-term financial debts +€200,000
new in 2025: €200,000
- Advances received -€90,490
down €90,490 (-100.0%), from €90,490 to €0
- Gross operating margin -€66,507
down €66,507, from €6,170 to -€60,337
- Depreciation +€8,389
new in 2025: €8,389
- Financial charges +€7,138
up €7,138 (+6273.9%), from €114 to €7,252
- Financial income +€4,518
up €4,518 (+180.8%), from €2,498 to €7,016
- Other operating charges +€3,449
up €3,449 (+387.6%), from €890 to €4,338
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 | €275,949 | €4,889,624 | +€4.6m | +1671.9% |
| Fixed assets | 21/28 | - | €4,166,929 | +€4.2m | |
| Tangible fixed assets | 22/27 | - | €4,166,929 | +€4.2m | |
| Land and buildings | 22 | - | €4,067,962 | +€4.1m | |
| Plant, machinery and equipment | 23 | - | €53,970 | +€53,970 | |
| Furniture and vehicles | 24 | - | €44,998 | +€44,998 | |
| Current assets | 29/58 | €275,949 | €722,694 | +€446,745 | +161.9% |
| Stocks and contracts in progress | 3 | - | €411,295 | +€411,295 | |
| Stocks | 30/36 | - | €411,295 | +€411,295 | |
| Amounts receivable within one year | 40/41 | €275,895 | €294,011 | +€18,116 | +6.6% |
| Trade receivables | 40 | €100,481 | €61,113 | -€39,368 | -39.2% |
| Other amounts receivable | 41 | €175,414 | €232,898 | +€57,484 | +32.8% |
| Cash at bank and in hand | 54/58 | €54 | €17,388 | +€17,334 | +32105.5% |
| Total equity and liabilities | 10/49 | €275,949 | €4,889,624 | +€4.6m | +1671.9% |
| Equity | 10/15 | €105,749 | €32,449 | -€73,299 | -69.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €5,749 | €0 | -€5,749 | -100.0% |
| Distributable reserves | 133 | €5,749 | €0 | -€5,749 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€67,551 | -€67,551 | |
| Amounts payable | 17/49 | €170,200 | €4,857,174 | +€4.7m | +2753.8% |
| Amounts payable after more than one year | 17 | - | €4,009,401 | +€4.0m | |
| Financial debts | 170/4 | - | €4,009,401 | +€4.0m | |
| Amounts payable within one year | 42/48 | €170,200 | €847,773 | +€677,573 | +398.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,299 | +€8,299 | |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Other loans | 439 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €62,089 | €345,093 | +€283,004 | +455.8% |
| Suppliers | 440/4 | €62,089 | €345,093 | +€283,004 | +455.8% |
| Advances received on contracts in progress | 46 | €90,490 | €0 | -€90,490 | -100.0% |
| Taxes, remuneration and social security | 45 | €17,621 | €0 | -€17,621 | -100.0% |
| Taxes | 450/3 | €17,621 | €0 | -€17,621 | -100.0% |
| Other amounts payable | 47/48 | - | €294,382 | +€294,382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,389 | +€8,389 | |
| Other operating charges | 640/8 | €890 | €4,338 | +€3,449 | +387.6% |
| Gross operating margin | 9900 | €6,170 | -€60,337 | -€66,507 | |
| Operating profit (loss) | 9901 | €5,281 | -€73,064 | -€78,344 | |
| Financial income | 75/76B | €2,498 | €7,016 | +€4,518 | +180.8% |
| Recurring financial income | 75 | €2,498 | €7,016 | +€4,518 | +180.8% |
| Financial charges | 65/66B | €114 | €7,252 | +€7,138 | +6273.9% |
| Recurring financial charges | 65 | €114 | €7,252 | +€7,138 | +6273.9% |
| Profit (loss) for the period before taxes | 9903 | €7,665 | -€73,299 | -€80,965 | |
| Income taxes | 67/77 | €1,916 | €0 | -€1,916 | -100.0% |
| Profit (loss) for the period | 9904 | €5,749 | -€73,299 | -€79,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,749 | -€73,299 | -€79,048 |
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 12 October 2026 via checked.be.