ARCOTRADE: 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.
ARCOTRADE
Largest movements
- Cash +€277,598
up €277,598 (+107%), from €259,028 to €536,626
mainly Advances received (+€678,584) and Depreciation (+€12,077)
- Receivables after one year +€145,000
new in 2025: €145,000
- Stocks and contracts +€58,626
up €58,626 (+3.6%), from €1.6m to €1.7m
- Receivables within one year +€44,604
up €44,604 (+41.6%), from €107,143 to €151,747
of which Other amounts receivable: +€44,604
- Advances received +€678,584
up €678,584 (+23.2%), from €2.9m to €3.6m
- Profit (loss) carried forward -€127,151
down €127,151 (-13.0%), from -€976,953 to -€1.1m
- Other operating charges -€53,504
down €53,504 (-73.5%), from €72,824 to €19,320
- Financial charges -€50,056
down €50,056 (-97.8%), from €51,180 to €1,125
of which Non-recurring financial charges: -€50,000
- Gross operating margin +€11,781
up €11,781 (+10.5%), from -€112,400 to -€100,619
- Financial income +€4,247
up €4,247 (+221%), from €1,918 to €6,165
of which Financial income: +€3,649
- Depreciation +€1,659
up €1,659 (+15.9%), from €10,418 to €12,077
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 | €2,048,103 | €2,596,585 | +€548,481 | +26.8% |
| Fixed assets | 21/28 | €32,377 | €51,288 | +€18,912 | +58.4% |
| Tangible fixed assets | 22/27 | €32,377 | €51,288 | +€18,912 | +58.4% |
| Plant, machinery and equipment | 23 | €193 | €166 | -€27 | -14.1% |
| Furniture and vehicles | 24 | €8,395 | €1,978 | -€6,417 | -76.4% |
| Other tangible fixed assets | 26 | €23,789 | €49,145 | +€25,356 | +107% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,015,727 | €2,545,297 | +€529,570 | +26.3% |
| Amounts receivable after more than one year | 29 | - | €145,000 | +€145,000 | |
| Other amounts receivable | 291 | - | €145,000 | +€145,000 | |
| Stocks and contracts in progress | 3 | €1,646,388 | €1,705,015 | +€58,626 | +3.6% |
| Stocks | 30/36 | €1,646,388 | €1,705,015 | +€58,626 | +3.6% |
| Amounts receivable within one year | 40/41 | €107,143 | €151,747 | +€44,604 | +41.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €107,143 | €151,747 | +€44,604 | +41.6% |
| Cash at bank and in hand | 54/58 | €259,028 | €536,626 | +€277,598 | +107% |
| Deferred charges and accrued income | 490/1 | €3,168 | €6,909 | +€3,741 | +118% |
| Total equity and liabilities | 10/49 | €2,048,103 | €2,596,585 | +€548,481 | +26.8% |
| Equity | 10/15 | -€892,368 | -€1,019,519 | -€127,151 | -14.2% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €10,217 | €10,217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,781 | €2,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€976,953 | -€1,104,104 | -€127,151 | -13.0% |
| Amounts payable | 17/49 | €2,940,471 | €3,616,103 | +€675,632 | +23.0% |
| Amounts payable within one year | 42/48 | €2,939,699 | €3,610,172 | +€670,474 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,702 | €2,132 | -€570 | -21.1% |
| Suppliers | 440/4 | €2,702 | €2,132 | -€570 | -21.1% |
| Advances received on contracts in progress | 46 | €2,923,674 | €3,602,258 | +€678,584 | +23.2% |
| Taxes, remuneration and social security | 45 | €655 | €360 | -€295 | -45.1% |
| Taxes | 450/3 | €655 | €360 | -€295 | -45.1% |
| Other amounts payable | 47/48 | €12,669 | €5,423 | -€7,245 | -57.2% |
| Accrued charges and deferred income | 492/3 | €772 | €5,931 | +€5,159 | +668% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,418 | €12,077 | +€1,659 | +15.9% |
| Other operating charges | 640/8 | €72,824 | €19,320 | -€53,504 | -73.5% |
| Gross operating margin | 9900 | -€112,400 | -€100,619 | +€11,781 | +10.5% |
| Operating profit (loss) | 9901 | -€195,642 | -€132,015 | +€63,626 | +32.5% |
| Financial income | 75/76B | €1,918 | €6,165 | +€4,247 | +221% |
| Recurring financial income | 75 | €1,918 | €5,567 | +€3,649 | +190% |
| Non-recurring financial income | 76B | - | €598 | +€598 | |
| Financial charges | 65/66B | €51,180 | €1,125 | -€50,056 | -97.8% |
| Recurring financial charges | 65 | €1,180 | €1,125 | -€56 | -4.7% |
| Non-recurring financial charges | 66B | €50,000 | €0 | -€50,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€244,904 | -€126,975 | +€117,929 | +48.2% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€245,078 | -€127,151 | +€117,927 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€245,078 | -€127,151 | +€117,927 | +48.1% |
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 23 October 2026 via checked.be.