T C ARSENAL: 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.
T C ARSENAL
Largest movements
- Receivables within one year +€216,457
up €216,457 (+10,120%), from €2,139 to €218,596
of which Other amounts receivable: +€200,000
- Cash -€144,108
down €144,108 (-68.2%), from €211,388 to €67,280
mainly Receivables within one year (-€216,457) and Debts after one year (-€25,583)
- Tangible fixed assets -€64,579
down €64,579 (-11.6%), from €555,524 to €490,945
of which Land and buildings: -€36,696
- Profit (loss) carried forward +€57,491
up €57,491 (+9.2%), from €627,380 to €684,871
- Debts after one year -€25,583
down €25,583 (-80.0%), from €31,979 to €6,396
- Tax, wage and social debts -€21,362
no longer reported in 2025 (was €21,362)
- Gross operating margin -€4,494
down €4,494 (-2.6%), from €170,351 to €165,857
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 | €769,051 | €776,821 | +€7,770 | +1.0% |
| Fixed assets | 21/28 | €555,524 | €490,945 | -€64,579 | -11.6% |
| Tangible fixed assets | 22/27 | €555,524 | €490,945 | -€64,579 | -11.6% |
| Land and buildings | 22 | €526,234 | €489,538 | -€36,696 | -7.0% |
| Plant, machinery and equipment | 23 | €29,290 | €1,407 | -€27,883 | -95.2% |
| Current assets | 29/58 | €213,527 | €285,876 | +€72,349 | +33.9% |
| Amounts receivable within one year | 40/41 | €2,139 | €218,596 | +€216,457 | +10,120% |
| Trade receivables | 40 | €2,139 | €18,596 | +€16,457 | +769% |
| Other amounts receivable | 41 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €211,388 | €67,280 | -€144,108 | -68.2% |
| Total equity and liabilities | 10/49 | €769,051 | €776,821 | +€7,770 | +1.0% |
| Equity | 10/15 | €649,380 | €706,871 | +€57,491 | +8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €627,380 | €684,871 | +€57,491 | +9.2% |
| Amounts payable | 17/49 | €119,671 | €69,949 | -€49,722 | -41.5% |
| Amounts payable after more than one year | 17 | €31,979 | €6,396 | -€25,583 | -80.0% |
| Financial debts | 170/4 | €31,979 | €6,396 | -€25,583 | -80.0% |
| Amounts payable within one year | 42/48 | €87,692 | €63,553 | -€24,138 | -27.5% |
| Financial debts | 43 | €25,583 | €25,583 | -€0 | 0.0% |
| Credit institutions | 430/8 | €25,583 | €25,583 | -€0 | 0.0% |
| Trade debts | 44 | €40,746 | €37,595 | -€3,151 | -7.7% |
| Suppliers | 440/4 | €40,746 | €37,595 | -€3,151 | -7.7% |
| Taxes, remuneration and social security | 45 | €21,362 | - | -€21,362 | |
| Taxes | 450/3 | €21,362 | - | -€21,362 | |
| Other amounts payable | 47/48 | - | €375 | +€375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,236 | €64,579 | -€657 | -1.0% |
| Other operating charges | 640/8 | €21,579 | €21,054 | -€525 | -2.4% |
| Gross operating margin | 9900 | €170,351 | €165,857 | -€4,494 | -2.6% |
| Operating profit (loss) | 9901 | €83,537 | €80,225 | -€3,312 | -4.0% |
| Financial charges | 65/66B | €3,534 | €2,283 | -€1,251 | -35.4% |
| Recurring financial charges | 65 | €3,534 | €2,283 | -€1,251 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €80,003 | €77,942 | -€2,061 | -2.6% |
| Income taxes | 67/77 | €21,362 | €20,450 | -€912 | -4.3% |
| Profit (loss) for the period | 9904 | €58,641 | €57,491 | -€1,150 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,641 | €57,491 | -€1,150 | -2.0% |
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 28 October 2026 via checked.be.