ARCC: 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.
ARCC
Largest movements
- Cash +€8,455
up €8,455 (+8.4%), from €100,496 to €108,951
mainly Other debts (+€108,000) and Net result for the year (+€23,453)
- Receivables within one year -€3,630
down €3,630 (-33.3%), from €10,890 to €7,260
- Other debts +€108,000
new in 2025: €108,000
- Reserves -€100,000
no longer reported in 2025 (was €100,000)
- Tax, wage and social debts -€4,407
down €4,407 (-52.9%), from €8,330 to €3,922
- Taxes +€1,593
up €1,593 (+24.7%), from €6,443 to €8,036
- Gross operating margin -€733
down €733 (-2.2%), from €33,251 to €32,518
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 | €112,176 | €116,506 | +€4,330 | +3.9% |
| Fixed assets | 21/28 | €791 | €296 | -€495 | -62.6% |
| Tangible fixed assets | 22/27 | €791 | €296 | -€495 | -62.6% |
| Furniture and vehicles | 24 | €791 | €296 | -€495 | -62.6% |
| Current assets | 29/58 | €111,386 | €116,211 | +€4,825 | +4.3% |
| Amounts receivable within one year | 40/41 | €10,890 | €7,260 | -€3,630 | -33.3% |
| Trade receivables | 40 | €10,890 | €7,260 | -€3,630 | -33.3% |
| Cash at bank and in hand | 54/58 | €100,496 | €108,951 | +€8,455 | +8.4% |
| Total equity and liabilities | 10/49 | €112,176 | €116,506 | +€4,330 | +3.9% |
| Equity | 10/15 | €102,908 | €3,361 | -€99,547 | -96.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €100,000 | - | -€100,000 | |
| Distributable reserves | 133 | €100,000 | - | -€100,000 | |
| Profit (loss) carried forward | 14 | €908 | €1,361 | +€453 | +49.9% |
| Amounts payable | 17/49 | €9,269 | €113,146 | +€103,877 | +1,121% |
| Amounts payable within one year | 42/48 | €8,830 | €112,525 | +€103,696 | +1,174% |
| Trade debts | 44 | €500 | €603 | +€103 | +20.7% |
| Suppliers | 440/4 | €500 | €603 | +€103 | +20.7% |
| Taxes, remuneration and social security | 45 | €8,330 | €3,922 | -€4,407 | -52.9% |
| Taxes | 450/3 | €8,330 | €3,922 | -€4,407 | -52.9% |
| Other amounts payable | 47/48 | - | €108,000 | +€108,000 | |
| Accrued charges and deferred income | 492/3 | €439 | €620 | +€181 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495 | €495 | = | 0.0% |
| Other operating charges | 640/8 | €392 | €387 | -€5 | -1.3% |
| Gross operating margin | 9900 | €33,251 | €32,518 | -€733 | -2.2% |
| Operating profit (loss) | 9901 | €32,364 | €31,636 | -€728 | -2.3% |
| Financial charges | 65/66B | €197 | €147 | -€50 | -25.3% |
| Recurring financial charges | 65 | €197 | €147 | -€50 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €32,167 | €31,489 | -€678 | -2.1% |
| Income taxes | 67/77 | €6,443 | €8,036 | +€1,593 | +24.7% |
| Profit (loss) for the period | 9904 | €25,724 | €23,453 | -€2,271 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,724 | €23,453 | -€2,271 | -8.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.