ARK MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€28,521
down €28,521 (-3.0%), from €950,752 to €922,231
of which Land and buildings: -€27,197
- Cash -€24,830
down €24,830 (-83.4%), from €29,776 to €4,946
mainly Debts after one year (-€67,623) and Investment in fixed assets (net) (-€24,424)
- Financial fixed assets +€16,200
up €16,200, from €0 to €16,200
- Debts after one year -€67,623
down €67,623 (-15.4%), from €439,889 to €372,266
- Short-term financial debts +€28,606
up €28,606 (+68.1%), from €42,000 to €70,606
- Trade debts -€18,740
down €18,740 (-40.0%), from €46,881 to €28,141
- Other debts -€16,169
down €16,169 (-3.5%), from €460,984 to €444,815
- Gross operating margin +€80,209
up €80,209, from -€17,057 to €63,153
- Other operating charges -€2,075
down €2,075 (-34.0%), from €6,098 to €4,023
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 | €1,066,369 | €1,011,876 | -€54,492 | -5.1% |
| Fixed assets | 21/28 | €950,752 | €938,431 | -€12,321 | -1.3% |
| Tangible fixed assets | 22/27 | €950,752 | €922,231 | -€28,521 | -3.0% |
| Land and buildings | 22 | €942,784 | €915,587 | -€27,197 | -2.9% |
| Plant, machinery and equipment | 23 | €3,521 | €2,932 | -€589 | -16.7% |
| Furniture and vehicles | 24 | €1,364 | €629 | -€734 | -53.8% |
| Other tangible fixed assets | 26 | €3,083 | €3,083 | = | 0.0% |
| Financial fixed assets | 28 | €0 | €16,200 | +€16,200 | |
| Current assets | 29/58 | €115,616 | €73,445 | -€42,171 | -36.5% |
| Stocks and contracts in progress | 3 | €10,000 | €0 | -€10,000 | -100.0% |
| Contracts in progress | 37 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €47,214 | €44,904 | -€2,311 | -4.9% |
| Trade receivables | 40 | €42,017 | €44,604 | +€2,587 | +6.2% |
| Other amounts receivable | 41 | €5,198 | €300 | -€4,898 | -94.2% |
| Cash at bank and in hand | 54/58 | €29,776 | €4,946 | -€24,830 | -83.4% |
| Deferred charges and accrued income | 490/1 | €28,626 | €23,596 | -€5,030 | -17.6% |
| Total equity and liabilities | 10/49 | €1,066,369 | €1,011,876 | -€54,492 | -5.1% |
| Equity | 10/15 | €8,266 | €18,084 | +€9,818 | +118.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,300 | €45,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €7,800 | €7,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,634 | -€45,816 | +€9,818 | +17.6% |
| Amounts payable | 17/49 | €1,058,103 | €993,792 | -€64,311 | -6.1% |
| Amounts payable after more than one year | 17 | €439,889 | €372,266 | -€67,623 | -15.4% |
| Financial debts | 170/4 | €439,889 | €372,266 | -€67,623 | -15.4% |
| Amounts payable within one year | 42/48 | €617,203 | €621,526 | +€4,323 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €66,610 | €67,623 | +€1,013 | +1.5% |
| Financial debts | 43 | €42,000 | €70,606 | +€28,606 | +68.1% |
| Credit institutions | 430/8 | €42,000 | €70,606 | +€28,606 | +68.1% |
| Trade debts | 44 | €46,881 | €28,141 | -€18,740 | -40.0% |
| Suppliers | 440/4 | €46,881 | €28,141 | -€18,740 | -40.0% |
| Taxes, remuneration and social security | 45 | €728 | €10,341 | +€9,613 | +1320.5% |
| Taxes | 450/3 | €728 | €10,341 | +€9,613 | +1320.5% |
| Other amounts payable | 47/48 | €460,984 | €444,815 | -€16,169 | -3.5% |
| Accrued charges and deferred income | 492/3 | €1,011 | €0 | -€1,011 | -100.0% |
| Non-recurring operating income | 76A | €6,480 | €0 | -€6,480 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,211 | €36,745 | +€534 | +1.5% |
| Other operating charges | 640/8 | €6,098 | €4,023 | -€2,075 | -34.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€17,057 | €63,153 | +€80,209 | |
| Operating profit (loss) | 9901 | -€59,366 | €22,385 | +€81,750 | |
| Financial income | 75/76B | €16 | €0 | -€16 | -100.0% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -100.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €11,726 | €11,788 | +€63 | +0.5% |
| Recurring financial charges | 65 | €9,277 | €11,788 | +€2,512 | +27.1% |
| Non-recurring financial charges | 66B | €2,449 | €0 | -€2,449 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€71,075 | €10,596 | +€81,672 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €689 | €778 | +€89 | +13.0% |
| Profit (loss) for the period | 9904 | -€71,764 | €9,818 | +€81,582 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,764 | €9,818 | +€81,582 |
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 9 October 2026 via checked.be.