LES ARCADES: 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.
LES ARCADES
Largest movements
- Cash +€8,664
up €8,664 (+116%), from €7,474 to €16,138
mainly Receivables within one year (+€6,539) and Depreciation (+€3,000)
- Receivables within one year -€6,539
down €6,539 (-6.6%), from €99,155 to €92,616
of which Trade receivables: -€10,000
- Intangible fixed assets -€3,000
down €3,000 (-25.0%), from €12,000 to €9,000
- Profit (loss) carried forward -€1,214
down €1,214 (-2.0%), from €61,159 to €59,945
- Financial charges -€16,456
down €16,456 (-99.6%), from €16,530 to €74
of which Non-recurring financial charges: -€16,152
- Other operating charges +€10,400
new in 2025: €10,400
- Gross operating margin +€4,355
up €4,355 (+92.4%), from €4,714 to €9,069
- Taxes -€3,407
no longer reported in 2025 (was €3,407)
- Financial income -€137
down €137 (-4.1%), from €3,327 to €3,190
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 | €120,559 | €119,685 | -€874 | -0.7% |
| Fixed assets | 21/28 | €13,930 | €10,930 | -€3,000 | -21.5% |
| Intangible fixed assets | 21 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Financial fixed assets | 28 | €1,930 | €1,930 | = | 0.0% |
| Current assets | 29/58 | €106,629 | €108,755 | +€2,126 | +2.0% |
| Amounts receivable within one year | 40/41 | €99,155 | €92,616 | -€6,539 | -6.6% |
| Trade receivables | 40 | €38,967 | €28,967 | -€10,000 | -25.7% |
| Other amounts receivable | 41 | €60,188 | €63,649 | +€3,461 | +5.8% |
| Cash at bank and in hand | 54/58 | €7,474 | €16,138 | +€8,664 | +116% |
| Total equity and liabilities | 10/49 | €120,559 | €119,685 | -€874 | -0.7% |
| Equity | 10/15 | €120,559 | €119,345 | -€1,214 | -1.0% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Capital | 10 | €37,500 | €37,500 | = | 0.0% |
| Issued capital | 100 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €21,900 | €21,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,750 | €3,750 | = | 0.0% |
| Legal reserve | 130 | €3,750 | €3,750 | = | 0.0% |
| Distributable reserves | 133 | €18,150 | €18,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,159 | €59,945 | -€1,214 | -2.0% |
| Amounts payable | 17/49 | - | €340 | +€340 | |
| Amounts payable within one year | 42/48 | - | €340 | +€340 | |
| Trade debts | 44 | - | €340 | +€340 | |
| Suppliers | 440/4 | - | €340 | +€340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €3,000 | = | 0.0% |
| Other operating charges | 640/8 | - | €10,400 | +€10,400 | |
| Gross operating margin | 9900 | €4,714 | €9,069 | +€4,355 | +92.4% |
| Operating profit (loss) | 9901 | €1,714 | -€4,331 | -€6,045 | |
| Financial income | 75/76B | €3,327 | €3,190 | -€137 | -4.1% |
| Recurring financial income | 75 | €3,327 | €3,190 | -€137 | -4.1% |
| Financial charges | 65/66B | €16,530 | €74 | -€16,456 | -99.6% |
| Recurring financial charges | 65 | €378 | €74 | -€305 | -80.6% |
| Non-recurring financial charges | 66B | €16,152 | - | -€16,152 | |
| Profit (loss) for the period before taxes | 9903 | -€11,488 | -€1,214 | +€10,274 | +89.4% |
| Income taxes | 67/77 | €3,407 | - | -€3,407 | |
| Profit (loss) for the period | 9904 | -€14,896 | -€1,214 | +€13,681 | +91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,896 | -€1,214 | +€13,681 | +91.8% |
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 20 October 2026 via checked.be.