A.R.K.E.: 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.
A.R.K.E.
Largest movements
- Tangible fixed assets -€32,871
down €32,871 (-8.1%), from €403,703 to €370,832
of which Furniture and vehicles: -€20,646
- Receivables within one year +€13,268
up €13,268 (+1,012%), from €1,311 to €14,578
of which Trade receivables: +€11,041
- Cash -€9,462
down €9,462 (-12.5%), from €75,576 to €66,114
mainly Debts after one year (-€40,002) and Receivables within one year (-€13,268)
- Debts after one year -€40,002
down €40,002 (-17.1%), from €233,838 to €193,836
- Reserves +€14,468
up €14,468 (+31.4%), from €46,149 to €60,617
of which Distributable reserves: +€14,468
- Gross operating margin -€36,786
down €36,786 (-35.3%), from €104,162 to €67,377
- Taxes +€7,527
new in 2025: €7,527
- Financial income -€2,307
down €2,307 (-52.8%), from €4,369 to €2,063
- Financial charges -€1,459
down €1,459 (-13.0%), from €11,226 to €9,767
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 | €627,285 | €599,831 | -€27,455 | -4.4% |
| Fixed assets | 21/28 | €403,703 | €370,832 | -€32,871 | -8.1% |
| Tangible fixed assets | 22/27 | €403,703 | €370,832 | -€32,871 | -8.1% |
| Land and buildings | 22 | €343,935 | €330,908 | -€13,027 | -3.8% |
| Plant, machinery and equipment | 23 | €35 | €837 | +€802 | +2,272% |
| Furniture and vehicles | 24 | €59,733 | €39,087 | -€20,646 | -34.6% |
| Current assets | 29/58 | €223,582 | €228,999 | +€5,416 | +2.4% |
| Amounts receivable within one year | 40/41 | €1,311 | €14,578 | +€13,268 | +1,012% |
| Trade receivables | 40 | - | €11,041 | +€11,041 | |
| Other amounts receivable | 41 | €1,311 | €3,537 | +€2,226 | +170% |
| Current investments | 50/53 | €143,770 | €145,214 | +€1,444 | +1.0% |
| Cash at bank and in hand | 54/58 | €75,576 | €66,114 | -€9,462 | -12.5% |
| Deferred charges and accrued income | 490/1 | €2,926 | €3,092 | +€167 | +5.7% |
| Total equity and liabilities | 10/49 | €627,285 | €599,831 | -€27,455 | -4.4% |
| Equity | 10/15 | €328,534 | €343,002 | +€14,468 | +4.4% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Contributions outside capital | 11 | €450,000 | €450,000 | = | 0.0% |
| Other | 1109/19 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €46,149 | €60,617 | +€14,468 | +31.4% |
| Non-distributable reserves | 130/1 | €43,630 | €43,630 | = | 0.0% |
| Reserves not available under the articles | 1311 | €43,630 | €43,630 | = | 0.0% |
| Distributable reserves | 133 | €2,519 | €16,987 | +€14,468 | +574% |
| Profit (loss) carried forward | 14 | -€167,615 | -€167,615 | = | 0.0% |
| Amounts payable | 17/49 | €298,752 | €256,829 | -€41,923 | -14.0% |
| Amounts payable after more than one year | 17 | €233,838 | €193,836 | -€40,002 | -17.1% |
| Financial debts | 170/4 | €233,838 | €193,836 | -€40,002 | -17.1% |
| Amounts payable within one year | 42/48 | €64,914 | €62,993 | -€1,921 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €39,432 | €40,002 | +€570 | +1.4% |
| Trade debts | 44 | €2,383 | €2,278 | -€105 | -4.4% |
| Suppliers | 440/4 | €2,383 | €2,278 | -€105 | -4.4% |
| Taxes, remuneration and social security | 45 | €1,101 | €521 | -€580 | -52.7% |
| Taxes | 450/3 | €1,101 | €521 | -€580 | -52.7% |
| Other amounts payable | 47/48 | €21,998 | €20,193 | -€1,805 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,900 | €34,079 | +€179 | +0.5% |
| Other operating charges | 640/8 | €3,528 | €3,598 | +€70 | +2.0% |
| Gross operating margin | 9900 | €104,162 | €67,377 | -€36,786 | -35.3% |
| Operating profit (loss) | 9901 | €66,734 | €29,699 | -€37,035 | -55.5% |
| Financial income | 75/76B | €4,369 | €2,063 | -€2,307 | -52.8% |
| Recurring financial income | 75 | €4,369 | €2,063 | -€2,307 | -52.8% |
| Financial charges | 65/66B | €11,226 | €9,767 | -€1,459 | -13.0% |
| Recurring financial charges | 65 | €11,226 | €9,767 | -€1,459 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €59,877 | €21,995 | -€37,883 | -63.3% |
| Income taxes | 67/77 | - | €7,527 | +€7,527 | |
| Profit (loss) for the period | 9904 | €59,877 | €14,468 | -€45,409 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,877 | €14,468 | -€45,409 | -75.8% |
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 13 October 2026 via checked.be.