ARK: 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.
ARK
Largest movements
- Tangible fixed assets -€3,557
down €3,557 (-10.4%), from €34,077 to €30,520
- Other debts +€16,000
up €16,000 (+18.8%), from €85,000 to €101,000
- Profit (loss) carried forward -€11,103
down €11,103 (-16.4%), from -€67,600 to -€78,703
- Current portion of long-term debt -€8,778
no longer reported in 2025 (was €8,778)
- Gross operating margin +€5,052
up €5,052 (+44.6%), from -€11,331 to -€6,279
- Other operating charges -€3,442
down €3,442 (-76.9%), from €4,473 to €1,032
- Financial charges -€624
down €624 (-72.7%), from €859 to €235
- Financial income +€143
new in 2025: €143
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.
Cash bridge derived
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 | €38,659 | €34,754 | -€3,905 | -10.1% |
| Fixed assets | 21/28 | €34,077 | €30,520 | -€3,557 | -10.4% |
| Tangible fixed assets | 22/27 | €34,077 | €30,520 | -€3,557 | -10.4% |
| Land and buildings | 22 | €34,077 | €30,520 | -€3,557 | -10.4% |
| Current assets | 29/58 | €4,582 | €4,234 | -€348 | -7.6% |
| Cash at bank and in hand | 54/58 | €4,582 | €4,234 | -€348 | -7.6% |
| Total equity and liabilities | 10/49 | €38,659 | €34,754 | -€3,905 | -10.1% |
| Equity | 10/15 | -€55,144 | -€66,246 | -€11,103 | -20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,256 | €6,256 | = | 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 | €4,396 | €4,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,600 | -€78,703 | -€11,103 | -16.4% |
| Amounts payable | 17/49 | €93,803 | €101,000 | +€7,197 | +7.7% |
| Amounts payable within one year | 42/48 | €93,803 | €101,000 | +€7,197 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €8,778 | - | -€8,778 | |
| Trade debts | 44 | €24 | - | -€24 | |
| Suppliers | 440/4 | €24 | - | -€24 | |
| Other amounts payable | 47/48 | €85,000 | €101,000 | +€16,000 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,663 | €3,700 | +€37 | +1.0% |
| Other operating charges | 640/8 | €4,473 | €1,032 | -€3,442 | -76.9% |
| Gross operating margin | 9900 | -€11,331 | -€6,279 | +€5,052 | +44.6% |
| Operating profit (loss) | 9901 | -€19,468 | -€11,011 | +€8,457 | +43.4% |
| Financial income | 75/76B | - | €143 | +€143 | |
| Recurring financial income | 75 | - | €143 | +€143 | |
| Financial charges | 65/66B | €859 | €235 | -€624 | -72.7% |
| Recurring financial charges | 65 | €859 | €235 | -€624 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,327 | -€11,103 | +€9,224 | +45.4% |
| Profit (loss) for the period | 9904 | -€20,327 | -€11,103 | +€9,224 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,327 | -€11,103 | +€9,224 | +45.4% |
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 9 October 2026 via checked.be.