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
- Receivables within one year +€7,502
up €7,502 (+44.3%), from €16,917 to €24,419
of which Trade receivables: +€5,605
- Tangible fixed assets -€2,666
down €2,666 (-67.0%), from €3,981 to €1,315
- Cash -€396
down €396 (-6.4%), from €6,183 to €5,786
mainly Receivables within one year (-€7,502) and Other debts (-€1,446)
- Reserves +€19,422
new in 2025: €19,422
- Profit (loss) carried forward -€13,630
no longer reported in 2025 (was €13,630)
- Other debts -€1,446
no longer reported in 2025 (was €1,446)
- Short-term financial debts -€1,353
no longer reported in 2025 (was €1,353)
- Tax, wage and social debts +€690
up €690 (+35.6%), from €1,936 to €2,626
of which Taxes: +€701
- Other operating charges +€7,358
up €7,358 (+1954.8%), from €376 to €7,734
- Gross operating margin +€1,653
up €1,653 (+9.8%), from €16,834 to €18,486
- Taxes -€1,043
down €1,043 (-33.2%), from €3,145 to €2,102
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 | €27,308 | €31,666 | +€4,359 | +16.0% |
| Fixed assets | 21/28 | €3,981 | €1,315 | -€2,666 | -67.0% |
| Tangible fixed assets | 22/27 | €3,981 | €1,315 | -€2,666 | -67.0% |
| Furniture and vehicles | 24 | €3,981 | €1,315 | -€2,666 | -67.0% |
| Current assets | 29/58 | €23,326 | €30,351 | +€7,025 | +30.1% |
| Amounts receivable within one year | 40/41 | €16,917 | €24,419 | +€7,502 | +44.3% |
| Trade receivables | 40 | €16,050 | €21,655 | +€5,605 | +34.9% |
| Other amounts receivable | 41 | €867 | €2,764 | +€1,897 | +218.7% |
| Cash at bank and in hand | 54/58 | €6,183 | €5,786 | -€396 | -6.4% |
| Deferred charges and accrued income | 490/1 | €226 | €146 | -€80 | -35.4% |
| Total equity and liabilities | 10/49 | €27,308 | €31,666 | +€4,359 | +16.0% |
| Equity | 10/15 | €21,830 | €27,622 | +€5,793 | +26.5% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | - | €19,422 | +€19,422 | |
| Distributable reserves | 133 | - | €19,422 | +€19,422 | |
| Profit (loss) carried forward | 14 | €13,630 | - | -€13,630 | |
| Amounts payable | 17/49 | €5,478 | €4,044 | -€1,434 | -26.2% |
| Amounts payable within one year | 42/48 | €5,478 | €4,044 | -€1,434 | -26.2% |
| Financial debts | 43 | €1,353 | - | -€1,353 | |
| Credit institutions | 430/8 | €1,353 | - | -€1,353 | |
| Trade debts | 44 | €742 | €1,418 | +€675 | +91.0% |
| Suppliers | 440/4 | €742 | €1,418 | +€675 | +91.0% |
| Taxes, remuneration and social security | 45 | €1,936 | €2,626 | +€690 | +35.6% |
| Taxes | 450/3 | €141 | €843 | +€701 | +496.4% |
| Remuneration and social security | 454/9 | €1,795 | €1,783 | -€12 | -0.7% |
| Other amounts payable | 47/48 | €1,446 | - | -€1,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,666 | €2,666 | -€0 | 0.0% |
| Other operating charges | 640/8 | €376 | €7,734 | +€7,358 | +1954.8% |
| Gross operating margin | 9900 | €16,834 | €18,486 | +€1,653 | +9.8% |
| Operating profit (loss) | 9901 | €13,791 | €8,086 | -€5,705 | -41.4% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €249 | €193 | -€56 | -22.5% |
| Recurring financial charges | 65 | €249 | €193 | -€56 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €13,542 | €7,894 | -€5,647 | -41.7% |
| Income taxes | 67/77 | €3,145 | €2,102 | -€1,043 | -33.2% |
| Profit (loss) for the period | 9904 | €10,397 | €5,793 | -€4,605 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,397 | €5,793 | -€4,605 | -44.3% |
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 11 October 2026 via checked.be.