ARK-construct: 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-construct
Largest movements
- Receivables within one year -€17,409
down €17,409 (-33.0%), from €52,761 to €35,352
of which Trade receivables: -€12,704
- Cash -€15,940
down €15,940 (-96.8%), from €16,464 to €524
mainly Debts after one year (-€23,981) and Trade debts (-€13,918)
- Tangible fixed assets -€9,659
down €9,659 (-6.3%), from €153,352 to €143,692
of which Leasing and similar rights: -€8,950
- Stocks and contracts -€7,025
down €7,025 (-24.1%), from €29,095 to €22,070
- Debts after one year -€23,981
down €23,981 (-13.6%), from €176,137 to €152,156
- Trade debts -€13,918
down €13,918 (-64.8%), from €21,485 to €7,567
- Other debts -€9,559
down €9,559 (-41.6%), from €22,997 to €13,438
- Gross operating margin -€9,763
down €9,763 (-46.0%), from €21,244 to €11,481
- Financial charges -€1,533
down €1,533 (-33.7%), from €4,547 to €3,014
- Depreciation -€1,158
down €1,158 (-10.7%), from €10,817 to €9,659
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 | €252,626 | €202,187 | -€50,439 | -20.0% |
| Fixed assets | 21/28 | €153,352 | €143,692 | -€9,659 | -6.3% |
| Tangible fixed assets | 22/27 | €153,352 | €143,692 | -€9,659 | -6.3% |
| Plant, machinery and equipment | 23 | €1,202 | €492 | -€709 | -59.0% |
| Leasing and similar rights | 25 | €152,150 | €143,200 | -€8,950 | -5.9% |
| Current assets | 29/58 | €99,275 | €58,494 | -€40,780 | -41.1% |
| Stocks and contracts in progress | 3 | €29,095 | €22,070 | -€7,025 | -24.1% |
| Stocks | 30/36 | €29,095 | €22,070 | -€7,025 | -24.1% |
| Amounts receivable within one year | 40/41 | €52,761 | €35,352 | -€17,409 | -33.0% |
| Trade receivables | 40 | €48,056 | €35,352 | -€12,704 | -26.4% |
| Other amounts receivable | 41 | €4,705 | - | -€4,705 | |
| Cash at bank and in hand | 54/58 | €16,464 | €524 | -€15,940 | -96.8% |
| Deferred charges and accrued income | 490/1 | €955 | €549 | -€406 | -42.5% |
| Total equity and liabilities | 10/49 | €252,626 | €202,187 | -€50,439 | -20.0% |
| Equity | 10/15 | €6,076 | €4,363 | -€1,713 | -28.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,924 | -€20,637 | -€1,713 | -9.0% |
| Amounts payable | 17/49 | €246,551 | €197,824 | -€48,727 | -19.8% |
| Amounts payable after more than one year | 17 | €176,137 | €152,156 | -€23,981 | -13.6% |
| Financial debts | 170/4 | €176,137 | €152,156 | -€23,981 | -13.6% |
| Amounts payable within one year | 42/48 | €70,414 | €45,668 | -€24,746 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €25,430 | €23,981 | -€1,450 | -5.7% |
| Trade debts | 44 | €21,485 | €7,567 | -€13,918 | -64.8% |
| Suppliers | 440/4 | €21,485 | €7,567 | -€13,918 | -64.8% |
| Taxes, remuneration and social security | 45 | €501 | €681 | +€180 | +36.0% |
| Taxes | 450/3 | €501 | €681 | +€180 | +36.0% |
| Other amounts payable | 47/48 | €22,997 | €13,438 | -€9,559 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,817 | €9,659 | -€1,158 | -10.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €21,244 | €11,481 | -€9,763 | -46.0% |
| Operating profit (loss) | 9901 | €9,922 | €1,303 | -€8,619 | -86.9% |
| Financial charges | 65/66B | €4,547 | €3,014 | -€1,533 | -33.7% |
| Recurring financial charges | 65 | €4,547 | €3,014 | -€1,533 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €5,375 | -€1,712 | -€7,086 | |
| Income taxes | 67/77 | €10 | €1 | -€9 | -91.0% |
| Profit (loss) for the period | 9904 | €5,364 | -€1,713 | -€7,077 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,364 | -€1,713 | -€7,077 |
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 19 October 2026 via checked.be.