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
- Cash -€3,484
down €3,484 (-88.8%), from €3,922 to €438
mainly Debts within one year (-€15,001) and Investment in fixed assets (net) (-€12,733)
- Receivables within one year -€2,616
no longer reported in 2020 (was €2,616)
- Tangible fixed assets +€2,143
up €2,143 (+25.1%), from €8,545 to €10,688
of which Furniture and vehicles: +€9,585
- Stocks and contracts +€1,637
new in 2020: €1,637
- Formation expenses -€1,378
no longer reported in 2020 (was €1,378)
- Debts within one year -€15,001
down €15,001 (-48.5%), from €30,921 to €15,920
- Profit (loss) carried forward +€11,303
up €11,303 (+58.1%), from -€19,460 to -€8,157
- Turnover +€128,001
new in 2020: €128,001
- Purchases and services +€98,923
new in 2020: €98,923
- Gross operating margin +€49,652
up €49,652, from -€2,236 to €47,416
- Staff costs +€20,686
new in 2020: €20,686
- Depreciation +€10,129
up €10,129 (+550.9%), from €1,839 to €11,968
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,661 | €13,963 | -€3,698 | -20.9% |
| Formation expenses | 20 | €1,378 | - | -€1,378 | |
| Fixed assets | 21/28 | €9,745 | €11,888 | +€2,143 | +22.0% |
| Tangible fixed assets | 22/27 | €8,545 | €10,688 | +€2,143 | +25.1% |
| Plant, machinery and equipment | 23 | - | €1,104 | +€1,104 | |
| Furniture and vehicles | 24 | - | €9,585 | +€9,585 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €6,538 | €2,075 | -€4,463 | -68.3% |
| Stocks and contracts in progress | 3 | - | €1,637 | +€1,637 | |
| Stocks | 30/36 | - | €1,637 | +€1,637 | |
| Amounts receivable within one year | 40/41 | €2,616 | - | -€2,616 | |
| Cash at bank and in hand | 54/58 | €3,922 | €438 | -€3,484 | -88.8% |
| Total equity and liabilities | 10/49 | €17,661 | €13,963 | -€3,698 | -20.9% |
| Equity | 10/15 | -€13,260 | -€1,957 | +€11,303 | +85.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,460 | -€8,157 | +€11,303 | +58.1% |
| Amounts payable | 17/49 | €30,921 | €15,920 | -€15,001 | -48.5% |
| Amounts payable within one year | 42/48 | €30,921 | €15,920 | -€15,001 | -48.5% |
| Financial debts | 43 | - | €2,488 | +€2,488 | |
| Credit institutions | 430/8 | - | €2,488 | +€2,488 | |
| Trade debts | 44 | €4,098 | €6,023 | +€1,926 | +47.0% |
| Suppliers | 440/4 | - | €6,023 | +€6,023 | |
| Taxes, remuneration and social security | 45 | - | €2,187 | +€2,187 | |
| Taxes | 450/3 | - | €2,187 | +€2,187 | |
| Other amounts payable | 47/48 | - | €5,221 | +€5,221 | |
| Turnover | 70 | - | €128,001 | +€128,001 | |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €98,923 | +€98,923 | |
| Remuneration, social security and pensions | 62 | - | €20,686 | +€20,686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,839 | €11,968 | +€10,129 | +550.9% |
| Other operating charges | 640/8 | - | €3,110 | +€3,110 | |
| Gross operating margin | 9900 | -€2,236 | €47,416 | +€49,652 | |
| Operating profit (loss) | 9901 | -€19,436 | €11,653 | +€31,088 | |
| Financial charges | 65/66B | - | €350 | +€350 | |
| Recurring financial charges | 65 | €24 | €350 | +€326 | +1346.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,460 | €11,303 | +€30,763 | |
| Profit (loss) for the period | 9904 | -€19,460 | €11,303 | +€30,763 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,460 | €11,303 | +€30,763 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.