Ark Holding: 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 Holding
Largest movements
- Financial fixed assets +€103,640
up €103,640 (+125%), from €83,160 to €186,800
- Tangible fixed assets +€72,389
up €72,389 (+24.5%), from €295,032 to €367,421
of which Land and buildings: +€77,080
- Profit (loss) carried forward +€144,778
up €144,778, from -€144,703 to €75
- Reserves +€123,500
up €123,500 (+41.1%), from €300,569 to €424,069
of which Distributable reserves: +€123,500
- Debts after one year -€54,352
down €54,352 (-14.2%), from €381,683 to €327,331
of which Financial debts: -€27,332
- Trade debts -€10,624
down €10,624 (-12.8%), from €82,857 to €72,234
- Financial income +€103,664
up €103,664 (+1,193%), from €8,689 to €112,353
of which Non-recurring financial income: +€103,640
- Financial charges -€86,245
down €86,245, from €28,459 to -€57,786
- Gross operating margin -€43,209
down €43,209 (-26.2%), from €165,121 to €121,912
- Depreciation +€6,101
up €6,101 (+43.6%), from €13,988 to €20,089
- Other operating charges -€2,782
down €2,782 (-43.0%), from €6,467 to €3,685
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 | €735,921 | €923,119 | +€187,198 | +25.4% |
| Fixed assets | 21/28 | €378,192 | €554,221 | +€176,029 | +46.5% |
| Tangible fixed assets | 22/27 | €295,032 | €367,421 | +€72,389 | +24.5% |
| Land and buildings | 22 | €266,980 | €344,059 | +€77,080 | +28.9% |
| Plant, machinery and equipment | 23 | €28,052 | €17,923 | -€10,129 | -36.1% |
| Other tangible fixed assets | 26 | - | €5,439 | +€5,439 | |
| Financial fixed assets | 28 | €83,160 | €186,800 | +€103,640 | +125% |
| Current assets | 29/58 | €357,729 | €368,897 | +€11,168 | +3.1% |
| Amounts receivable after more than one year | 29 | €202,877 | €206,628 | +€3,750 | +1.8% |
| Other amounts receivable | 291 | €202,877 | €206,628 | +€3,750 | +1.8% |
| Amounts receivable within one year | 40/41 | €154,852 | €154,207 | -€645 | -0.4% |
| Trade receivables | 40 | €77,461 | €33,469 | -€43,992 | -56.8% |
| Other amounts receivable | 41 | €77,391 | €120,738 | +€43,347 | +56.0% |
| Cash at bank and in hand | 54/58 | - | €7,208 | +€7,208 | |
| Deferred charges and accrued income | 490/1 | - | €855 | +€855 | |
| Total equity and liabilities | 10/49 | €735,921 | €923,119 | +€187,198 | +25.4% |
| Equity | 10/15 | €175,866 | €444,144 | +€268,278 | +153% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €300,569 | €424,069 | +€123,500 | +41.1% |
| Tax-exempt reserves | 132 | €298,569 | €298,569 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €125,500 | +€123,500 | +6,175% |
| Profit (loss) carried forward | 14 | -€144,703 | €75 | +€144,778 | |
| Amounts payable | 17/49 | €560,055 | €478,975 | -€81,080 | -14.5% |
| Amounts payable after more than one year | 17 | €381,683 | €327,331 | -€54,352 | -14.2% |
| Financial debts | 170/4 | €307,660 | €280,328 | -€27,332 | -8.9% |
| Trade debts | 175 | €34,801 | €22,146 | -€12,655 | -36.4% |
| Other amounts payable | 178/9 | €39,221 | €24,857 | -€14,364 | -36.6% |
| Amounts payable within one year | 42/48 | €178,372 | €151,643 | -€26,729 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €14,997 | €15,445 | +€448 | +3.0% |
| Financial debts | 43 | €7,408 | €5,748 | -€1,660 | -22.4% |
| Credit institutions | 430/8 | €7,408 | €5,748 | -€1,660 | -22.4% |
| Trade debts | 44 | €82,857 | €72,234 | -€10,624 | -12.8% |
| Suppliers | 440/4 | €82,857 | €72,234 | -€10,624 | -12.8% |
| Advances received on contracts in progress | 46 | €12,304 | €6,451 | -€5,853 | -47.6% |
| Taxes, remuneration and social security | 45 | €11,975 | €8,935 | -€3,041 | -25.4% |
| Taxes | 450/3 | €11,975 | €8,935 | -€3,041 | -25.4% |
| Other amounts payable | 47/48 | €48,831 | €42,831 | -€6,000 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,988 | €20,089 | +€6,101 | +43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,164 | - | -€1,164 | |
| Other operating charges | 640/8 | €6,467 | €3,685 | -€2,782 | -43.0% |
| Non-recurring operating charges | 66A | €2,345 | - | -€2,345 | |
| Gross operating margin | 9900 | €165,121 | €121,912 | -€43,209 | -26.2% |
| Operating profit (loss) | 9901 | €141,158 | €98,139 | -€43,019 | -30.5% |
| Financial income | 75/76B | €8,689 | €112,353 | +€103,664 | +1,193% |
| Recurring financial income | 75 | €8,689 | €8,713 | +€24 | +0.3% |
| Non-recurring financial income | 76B | - | €103,640 | +€103,640 | |
| Financial charges | 65/66B | €28,459 | -€57,786 | -€86,245 | |
| Recurring financial charges | 65 | €28,459 | -€57,786 | -€86,245 | |
| Profit (loss) for the period before taxes | 9903 | €121,388 | €268,278 | +€146,891 | +121% |
| Profit (loss) for the period | 9904 | €121,388 | €268,278 | +€146,891 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €121,388 | €268,278 | +€146,891 | +121% |
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 24 October 2026 via checked.be.