ARCAM: what changed
ARCAM
Largest movements
- Cash +€3,680
up €3,680 (+31.7%), from €11,610 to €15,289
mainly Net result for the year (+€10,995) and Depreciation (+€2,400)
- Tangible fixed assets +€2,978
up €2,978 (+60.6%), from €4,917 to €7,895
of which Furniture and vehicles: +€3,200
- Receivables within one year +€2,369
up €2,369 (+13.4%), from €17,707 to €20,076
of which Other amounts receivable: +€3,932
- Profit (loss) carried forward +€10,995
up €10,995 (+43.8%), from €25,094 to €36,090
- Tax, wage and social debts -€2,547
down €2,547 (-35.6%), from €7,163 to €4,616
of which Taxes: -€2,547
- Trade debts +€628
up €628 (+14.0%), from €4,471 to €5,099
- Gross operating margin -€799
down €799 (-4.4%), from €18,017 to €17,219
- Depreciation +€583
up €583 (+32.1%), from €1,817 to €2,400
- Financial charges -€361
down €361 (-73.9%), from €488 to €127
- Taxes -€230
down €230 (-5.9%), from €3,862 to €3,633
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,086 | €48,872 | +€8,786 | +21.9% |
| Fixed assets | 21/28 | €4,917 | €7,895 | +€2,978 | +60.6% |
| Tangible fixed assets | 22/27 | €4,917 | €7,895 | +€2,978 | +60.6% |
| Furniture and vehicles | 24 | €4,250 | €7,450 | +€3,200 | +75.3% |
| Other tangible fixed assets | 26 | €667 | €445 | -€222 | -33.3% |
| Current assets | 29/58 | €35,168 | €40,977 | +€5,809 | +16.5% |
| Amounts receivable within one year | 40/41 | €17,707 | €20,076 | +€2,369 | +13.4% |
| Trade receivables | 40 | €12,316 | €10,752 | -€1,563 | -12.7% |
| Other amounts receivable | 41 | €5,392 | €9,324 | +€3,932 | +72.9% |
| Cash at bank and in hand | 54/58 | €11,610 | €15,289 | +€3,680 | +31.7% |
| Deferred charges and accrued income | 490/1 | €5,851 | €5,611 | -€240 | -4.1% |
| Total equity and liabilities | 10/49 | €40,086 | €48,872 | +€8,786 | +21.9% |
| Equity | 10/15 | €25,594 | €36,590 | +€10,995 | +43.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,094 | €36,090 | +€10,995 | +43.8% |
| Amounts payable | 17/49 | €14,491 | €12,282 | -€2,209 | -15.2% |
| Amounts payable within one year | 42/48 | €14,144 | €12,282 | -€1,862 | -13.2% |
| Trade debts | 44 | €4,471 | €5,099 | +€628 | +14.0% |
| Suppliers | 440/4 | €4,471 | €5,099 | +€628 | +14.0% |
| Taxes, remuneration and social security | 45 | €7,163 | €4,616 | -€2,547 | -35.6% |
| Taxes | 450/3 | €5,412 | €2,866 | -€2,547 | -47.1% |
| Remuneration and social security | 454/9 | €1,751 | €1,751 | = | 0.0% |
| Other amounts payable | 47/48 | €2,510 | €2,567 | +€57 | +2.3% |
| Accrued charges and deferred income | 492/3 | €348 | - | -€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €2,400 | +€583 | +32.1% |
| Other operating charges | 640/8 | €53 | €64 | +€11 | +20.8% |
| Gross operating margin | 9900 | €18,017 | €17,219 | -€799 | -4.4% |
| Operating profit (loss) | 9901 | €16,148 | €14,755 | -€1,393 | -8.6% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €488 | €127 | -€361 | -73.9% |
| Recurring financial charges | 65 | €488 | €127 | -€361 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €15,668 | €14,628 | -€1,040 | -6.6% |
| Income taxes | 67/77 | €3,862 | €3,633 | -€230 | -5.9% |
| Profit (loss) for the period | 9904 | €11,806 | €10,995 | -€810 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,806 | €10,995 | -€810 | -6.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.