L'ARCHE D'OR: 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 D'OR
Largest movements
- Stocks and contracts -€81,780
down €81,780 (-14.2%), from €575,672 to €493,891
- Cash +€48,320
up €48,320 (+116%), from €41,566 to €89,886
mainly Net result for the year (+€96,372) and Stocks and contracts (+€81,780)
- Receivables within one year +€20,567
up €20,567 (+330%), from €6,227 to €26,794
of which Trade receivables: +€23,903
- Deferred charges and accrued income -€18,465
down €18,465 (-84.9%), from €21,756 to €3,291
- Trade debts -€59,700
down €59,700 (-27.8%), from €214,652 to €154,952
- Accrued charges and deferred income +€18,099
new in 2025: €18,099
- Tax, wage and social debts +€9,617
up €9,617 (+17.2%), from €55,817 to €65,434
of which Taxes: +€7,220
- Gross operating margin -€11,338
down €11,338 (-4.6%), from €248,316 to €236,978
- Staff costs +€10,112
up €10,112 (+11.6%), from €87,465 to €97,577
- Taxes -€5,136
down €5,136 (-12.7%), from €40,540 to €35,404
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.
Derived cash bridge
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 | €784,192 | €751,077 | -€33,115 | -4.2% |
| Fixed assets | 21/28 | €138,972 | €137,215 | -€1,757 | -1.3% |
| Tangible fixed assets | 22/27 | €8,496 | €6,739 | -€1,757 | -20.7% |
| Plant, machinery and equipment | 23 | €7,947 | €6,704 | -€1,243 | -15.6% |
| Furniture and vehicles | 24 | €548 | €34 | -€514 | -93.7% |
| Financial fixed assets | 28 | €130,476 | €130,476 | = | 0.0% |
| Current assets | 29/58 | €645,220 | €613,863 | -€31,358 | -4.9% |
| Stocks and contracts in progress | 3 | €575,672 | €493,891 | -€81,780 | -14.2% |
| Stocks | 30/36 | €575,672 | €493,891 | -€81,780 | -14.2% |
| Amounts receivable within one year | 40/41 | €6,227 | €26,794 | +€20,567 | +330% |
| Trade receivables | 40 | €2,891 | €26,794 | +€23,903 | +827% |
| Other amounts receivable | 41 | €3,337 | - | -€3,337 | |
| Cash at bank and in hand | 54/58 | €41,566 | €89,886 | +€48,320 | +116% |
| Deferred charges and accrued income | 490/1 | €21,756 | €3,291 | -€18,465 | -84.9% |
| Total equity and liabilities | 10/49 | €784,192 | €751,077 | -€33,115 | -4.2% |
| Equity | 10/15 | €503,575 | €502,444 | -€1,131 | -0.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €185,596 | €185,596 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €160,648 | €160,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,006 | €254,875 | -€1,131 | -0.4% |
| Amounts payable | 17/49 | €280,617 | €248,633 | -€31,984 | -11.4% |
| Amounts payable within one year | 42/48 | €280,617 | €230,534 | -€50,083 | -17.8% |
| Trade debts | 44 | €214,652 | €154,952 | -€59,700 | -27.8% |
| Suppliers | 440/4 | €214,652 | €154,952 | -€59,700 | -27.8% |
| Taxes, remuneration and social security | 45 | €55,817 | €65,434 | +€9,617 | +17.2% |
| Taxes | 450/3 | €36,789 | €44,009 | +€7,220 | +19.6% |
| Remuneration and social security | 454/9 | €19,028 | €21,426 | +€2,397 | +12.6% |
| Other amounts payable | 47/48 | €10,148 | €10,148 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €18,099 | +€18,099 | |
| Remuneration, social security and pensions | 62 | €87,465 | €97,577 | +€10,112 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,757 | €1,757 | +€0 | 0.0% |
| Other operating charges | 640/8 | €780 | €868 | +€88 | +11.2% |
| Gross operating margin | 9900 | €248,316 | €236,978 | -€11,338 | -4.6% |
| Operating profit (loss) | 9901 | €158,313 | €136,776 | -€21,538 | -13.6% |
| Financial income | 75/76B | €2,654 | €2,695 | +€41 | +1.5% |
| Recurring financial income | 75 | €2,654 | €2,695 | +€41 | +1.5% |
| Financial charges | 65/66B | €7,314 | €7,695 | +€380 | +5.2% |
| Recurring financial charges | 65 | €7,314 | €7,695 | +€380 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €153,653 | €131,776 | -€21,877 | -14.2% |
| Income taxes | 67/77 | €40,540 | €35,404 | -€5,136 | -12.7% |
| Profit (loss) for the period | 9904 | €113,113 | €96,372 | -€16,741 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,113 | €96,372 | -€16,741 | -14.8% |
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 30 October 2026 via checked.be.