Ark Brussels: what changed
Two fiscal 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 Brussels
Largest movements
- Cash -€840,840
down €840,840 (-29.8%), from €2.8m to €2.0m
mainly Net result for the year (-€1.0m) and Investment in fixed assets (net) (-€61,476)
- Tangible fixed assets -€134,552
down €134,552 (-1.9%), from €6.9m to €6.8m
of which Land and buildings: -€196,028
- Formation expenses -€108,784
down €108,784 (-24.0%), from €453,792 to €345,008
- Profit (loss) carried forward -€1.0m
down €1.0m (-159.5%), from -€639,558 to -€1.7m
- Gross operating margin -€246,351
down €246,351 (-80.5%), from -€305,898 to -€552,249
- Other operating charges +€107,743
up €107,743 (+174.5%), from €61,738 to €169,481
- Depreciation +€47,052
up €47,052 (+18.3%), from €257,760 to €304,812
- Financial charges -€13,131
down €13,131 (-87.6%), from €14,994 to €1,863
- Financial income +€11,072
up €11,072 (+1332.8%), from €831 to €11,903
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 | €10,231,615 | €9,176,843 | -€1.1m | -10.3% |
| Formation expenses | 20 | €453,792 | €345,008 | -€108,784 | -24.0% |
| Fixed assets | 21/28 | €6,939,573 | €6,805,021 | -€134,552 | -1.9% |
| Tangible fixed assets | 22/27 | €6,939,573 | €6,805,021 | -€134,552 | -1.9% |
| Land and buildings | 22 | €6,939,573 | €6,743,545 | -€196,028 | -2.8% |
| Assets under construction and advance payments | 27 | - | €61,476 | +€61,476 | |
| Current assets | 29/58 | €2,838,250 | €2,026,814 | -€811,436 | -28.6% |
| Amounts receivable within one year | 40/41 | €17,120 | €39,824 | +€22,704 | +132.6% |
| Other amounts receivable | 41 | €17,120 | €39,824 | +€22,704 | +132.6% |
| Cash at bank and in hand | 54/58 | €2,817,262 | €1,976,422 | -€840,840 | -29.8% |
| Deferred charges and accrued income | 490/1 | €3,868 | €10,568 | +€6,700 | +173.2% |
| Total equity and liabilities | 10/49 | €10,231,615 | €9,176,843 | -€1.1m | -10.3% |
| Equity | 10/15 | €10,042,462 | €9,022,389 | -€1.0m | -10.2% |
| Contributions | 10/11 | €10,682,020 | €10,682,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€639,558 | -€1,659,631 | -€1.0m | -159.5% |
| Amounts payable | 17/49 | €189,153 | €154,454 | -€34,699 | -18.3% |
| Amounts payable within one year | 42/48 | €37,678 | €55,589 | +€17,912 | +47.5% |
| Trade debts | 44 | €35,678 | €55,589 | +€19,912 | +55.8% |
| Suppliers | 440/4 | €35,678 | €55,589 | +€19,912 | +55.8% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €151,475 | €98,864 | -€52,611 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,760 | €304,812 | +€47,052 | +18.3% |
| Other operating charges | 640/8 | €61,738 | €169,481 | +€107,743 | +174.5% |
| Gross operating margin | 9900 | -€305,898 | -€552,249 | -€246,351 | -80.5% |
| Operating profit (loss) | 9901 | -€625,395 | -€1,026,542 | -€401,146 | -64.1% |
| Financial income | 75/76B | €831 | €11,903 | +€11,072 | +1332.8% |
| Recurring financial income | 75 | €831 | €11,903 | +€11,072 | +1332.8% |
| Financial charges | 65/66B | €14,994 | €1,863 | -€13,131 | -87.6% |
| Recurring financial charges | 65 | €14,994 | €1,863 | -€13,131 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | -€639,558 | -€1,016,502 | -€376,943 | -58.9% |
| Income taxes | 67/77 | - | €3,571 | +€3,571 | |
| Profit (loss) for the period | 9904 | -€639,558 | -€1,020,072 | -€380,514 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€639,558 | -€1,020,072 | -€380,514 | -59.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.