L'ARCHE: 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.
L'ARCHE
Largest movements
- Current investments +€11.4m
up €11.4m (+8.8%), from €130.6m to €142.1m
- Cash +€10.6m
up €10.6m (+918.4%), from €1.2m to €11.8m
mainly Net result for the year (+€12.6m) and Investment in fixed assets (net) (+€9.4m)
- Financial fixed assets -€9.4m
down €9.4m (-15.8%), from €59.4m to €50.0m
- Profit (loss) carried forward +€12.0m
up €12.0m (+17.7%), from €67.7m to €79.7m
- Financial income +€9.6m
up €9.6m (+171.7%), from €5.6m to €15.2m
- Financial charges +€1.4m
up €1.4m, from -€6,619 to €1.4m
- Taxes +€110,431
up €110,431 (+10.5%), from €1.1m to €1.2m
- Purchases and services -€47,566
no longer reported in 2025 (was €47,566)
- Gross operating margin +€33,789
up €33,789 (+71.0%), from -€47,566 to -€13,777
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 | €191,888,869 | €204,593,446 | +€12.7m | +6.6% |
| Fixed assets | 21/28 | €59,990,980 | €50,587,332 | -€9.4m | -15.7% |
| Tangible fixed assets | 22/27 | €627,358 | €596,611 | -€30,747 | -4.9% |
| Land and buildings | 22 | €612,996 | €583,854 | -€29,142 | -4.8% |
| Plant, machinery and equipment | 23 | €14,362 | €12,757 | -€1,605 | -11.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €59,363,622 | €49,990,721 | -€9.4m | -15.8% |
| Current assets | 29/58 | €131,897,889 | €154,006,114 | +€22.1m | +16.8% |
| Amounts receivable within one year | 40/41 | €92,640 | €131,848 | +€39,209 | +42.3% |
| Other amounts receivable | 41 | €92,640 | €131,848 | +€39,209 | +42.3% |
| Current investments | 50/53 | €130,648,034 | €142,089,486 | +€11.4m | +8.8% |
| Cash at bank and in hand | 54/58 | €1,157,215 | €11,784,779 | +€10.6m | +918.4% |
| Total equity and liabilities | 10/49 | €191,888,869 | €204,593,446 | +€12.7m | +6.6% |
| Equity | 10/15 | €191,577,158 | €204,217,251 | +€12.6m | +6.6% |
| Contributions | 10/11 | €120,062,000 | €120,062,000 | = | 0.0% |
| Capital | 10 | €120,062,000 | €120,062,000 | = | 0.0% |
| Issued capital | 100 | €120,062,000 | €120,062,000 | = | 0.0% |
| Reserves | 13 | €3,810,611 | €4,442,615 | +€632,005 | +16.6% |
| Non-distributable reserves | 130/1 | €3,810,611 | €4,442,615 | +€632,005 | +16.6% |
| Legal reserve | 130 | €3,810,611 | €4,442,615 | +€632,005 | +16.6% |
| Profit (loss) carried forward | 14 | €67,704,547 | €79,712,636 | +€12.0m | +17.7% |
| Amounts payable | 17/49 | €311,711 | €376,195 | +€64,483 | +20.7% |
| Amounts payable within one year | 42/48 | €243,975 | €267,630 | +€23,654 | +9.7% |
| Trade debts | 44 | €25,682 | €21,218 | -€4,464 | -17.4% |
| Suppliers | 440/4 | €25,682 | €21,218 | -€4,464 | -17.4% |
| Taxes, remuneration and social security | 45 | €7,076 | - | -€7,076 | |
| Taxes | 450/3 | €7,076 | - | -€7,076 | |
| Other amounts payable | 47/48 | €211,218 | €246,411 | +€35,194 | +16.7% |
| Accrued charges and deferred income | 492/3 | €67,736 | €108,565 | +€40,829 | +60.3% |
| Non-recurring operating income | 76A | - | €26,680 | +€26,680 | |
| Goods, raw materials, services and sundry goods | 60/61 | €47,566 | - | -€47,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,747 | €30,747 | = | 0.0% |
| Other operating charges | 640/8 | €9,583 | €9,883 | +€301 | +3.1% |
| Gross operating margin | 9900 | -€47,566 | -€13,777 | +€33,789 | +71.0% |
| Operating profit (loss) | 9901 | -€87,895 | -€54,407 | +€33,488 | +38.1% |
| Financial income | 75/76B | €5,608,551 | €15,238,145 | +€9.6m | +171.7% |
| Recurring financial income | 75 | €5,608,551 | €15,238,145 | +€9.6m | +171.7% |
| Financial charges | 65/66B | -€6,619 | €1,382,853 | +€1.4m | |
| Recurring financial charges | 65 | -€6,619 | €1,382,853 | +€1.4m | |
| Profit (loss) for the period before taxes | 9903 | €5,527,275 | €13,800,885 | +€8.3m | +149.7% |
| Income taxes | 67/77 | €1,050,360 | €1,160,791 | +€110,431 | +10.5% |
| Profit (loss) for the period | 9904 | €4,476,915 | €12,640,094 | +€8.2m | +182.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,476,915 | €12,640,094 | +€8.2m | +182.3% |
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 10 October 2026 via checked.be.