ARCOMAN: 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.
ARCOMAN
Largest movements
- Receivables within one year +€84,096
up €84,096 (+37.1%), from €226,380 to €310,475
of which Other amounts receivable: +€279,565
- Cash -€72,016
down €72,016 (-33.4%), from €215,560 to €143,544
mainly Other debts (-€137,373) and Receivables within one year (-€84,096)
- Short-term financial debts +€224,811
new in 2025: €224,811
- Other debts -€137,373
down €137,373 (-84.5%), from €162,641 to €25,268
- Accrued charges and deferred income -€53,160
no longer reported in 2025 (was €53,160)
- Tax, wage and social debts -€17,971
no longer reported in 2025 (was €17,971)
- Profit (loss) carried forward -€13,459
new in 2025: -€13,459
- Gross operating margin -€58,917
down €58,917 (-87.2%), from €67,545 to €8,628
- Financial charges +€19,993
up €19,993 (+18,415%), from €109 to €20,101
of which Non-recurring financial charges: +€20,000
- Taxes -€17,971
no longer reported in 2025 (was €17,971)
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 | €446,112 | €456,801 | +€10,689 | +2.4% |
| Fixed assets | 21/28 | €4,010 | €2,614 | -€1,396 | -34.8% |
| Tangible fixed assets | 22/27 | €4,010 | €2,614 | -€1,396 | -34.8% |
| Furniture and vehicles | 24 | €4,010 | €2,614 | -€1,396 | -34.8% |
| Current assets | 29/58 | €442,103 | €454,187 | +€12,085 | +2.7% |
| Amounts receivable within one year | 40/41 | €226,380 | €310,475 | +€84,096 | +37.1% |
| Trade receivables | 40 | €195,470 | - | -€195,470 | |
| Other amounts receivable | 41 | €30,910 | €310,475 | +€279,565 | +904% |
| Cash at bank and in hand | 54/58 | €215,560 | €143,544 | -€72,016 | -33.4% |
| Deferred charges and accrued income | 490/1 | €163 | €168 | +€5 | +2.9% |
| Total equity and liabilities | 10/49 | €446,112 | €456,801 | +€10,689 | +2.4% |
| Equity | 10/15 | €192,030 | €178,571 | -€13,459 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €173,430 | €173,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €171,570 | €171,570 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€13,459 | -€13,459 | |
| Amounts payable | 17/49 | €254,083 | €278,230 | +€24,148 | +9.5% |
| Amounts payable within one year | 42/48 | €200,923 | €278,230 | +€77,308 | +38.5% |
| Financial debts | 43 | - | €224,811 | +€224,811 | |
| Other loans | 439 | - | €224,811 | +€224,811 | |
| Trade debts | 44 | €20,310 | €28,152 | +€7,842 | +38.6% |
| Suppliers | 440/4 | €20,310 | €28,152 | +€7,842 | +38.6% |
| Taxes, remuneration and social security | 45 | €17,971 | - | -€17,971 | |
| Taxes | 450/3 | €17,971 | - | -€17,971 | |
| Other amounts payable | 47/48 | €162,641 | €25,268 | -€137,373 | -84.5% |
| Accrued charges and deferred income | 492/3 | €53,160 | - | -€53,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €833 | €1,396 | +€563 | +67.7% |
| Other operating charges | 640/8 | €654 | €590 | -€65 | -9.9% |
| Gross operating margin | 9900 | €67,545 | €8,628 | -€58,917 | -87.2% |
| Operating profit (loss) | 9901 | €66,059 | €6,642 | -€59,416 | -89.9% |
| Financial charges | 65/66B | €109 | €20,101 | +€19,993 | +18,415% |
| Recurring financial charges | 65 | €109 | €101 | -€7 | -6.6% |
| Non-recurring financial charges | 66B | - | €20,000 | +€20,000 | |
| Profit (loss) for the period before taxes | 9903 | €65,950 | -€13,459 | -€79,409 | |
| Income taxes | 67/77 | €17,971 | - | -€17,971 | |
| Profit (loss) for the period | 9904 | €47,979 | -€13,459 | -€61,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,979 | -€13,459 | -€61,438 |
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 15 October 2026 via checked.be.