ArKa: 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.
ArKa
Largest movements
- Current investments +€29,934
new in 2025: €29,934
- Other debts +€133,263
up €133,263 (+548%), from €24,297 to €157,559
- Reserves -€78,511
down €78,511 (-22.0%), from €356,093 to €277,582
- Debts after one year -€46,003
down €46,003 (-27.4%), from €168,102 to €122,099
- Tax, wage and social debts +€12,333
up €12,333 (+128%), from €9,641 to €21,973
- Gross operating margin -€23,855
down €23,855 (-14.9%), from €159,674 to €135,819
- Taxes -€9,773
down €9,773 (-20.1%), from €48,734 to €38,960
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 | €621,189 | €640,617 | +€19,427 | +3.1% |
| Fixed assets | 21/28 | €489,509 | €483,578 | -€5,931 | -1.2% |
| Tangible fixed assets | 22/27 | €17,060 | €11,128 | -€5,931 | -34.8% |
| Plant, machinery and equipment | 23 | €6,005 | €5,071 | -€934 | -15.6% |
| Furniture and vehicles | 24 | €11,054 | €6,057 | -€4,997 | -45.2% |
| Financial fixed assets | 28 | €472,450 | €472,450 | = | 0.0% |
| Current assets | 29/58 | €131,680 | €157,039 | +€25,358 | +19.3% |
| Current investments | 50/53 | - | €29,934 | +€29,934 | |
| Cash at bank and in hand | 54/58 | €128,453 | €125,224 | -€3,229 | -2.5% |
| Deferred charges and accrued income | 490/1 | €3,227 | €1,881 | -€1,346 | -41.7% |
| Total equity and liabilities | 10/49 | €621,189 | €640,617 | +€19,427 | +3.1% |
| Equity | 10/15 | €356,593 | €278,082 | -€78,511 | -22.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €356,093 | €277,582 | -€78,511 | -22.0% |
| Distributable reserves | 133 | €356,093 | €277,582 | -€78,511 | -22.0% |
| Amounts payable | 17/49 | €264,596 | €362,535 | +€97,938 | +37.0% |
| Amounts payable after more than one year | 17 | €168,102 | €122,099 | -€46,003 | -27.4% |
| Financial debts | 170/4 | €168,102 | €122,099 | -€46,003 | -27.4% |
| Amounts payable within one year | 42/48 | €96,495 | €240,436 | +€143,941 | +149% |
| Current portion of amounts payable after more than one year | 42 | €58,647 | €57,778 | -€869 | -1.5% |
| Trade debts | 44 | €3,911 | €3,125 | -€785 | -20.1% |
| Suppliers | 440/4 | €3,911 | €3,125 | -€785 | -20.1% |
| Taxes, remuneration and social security | 45 | €9,641 | €21,973 | +€12,333 | +128% |
| Taxes | 450/3 | €9,641 | €21,973 | +€12,333 | +128% |
| Other amounts payable | 47/48 | €24,297 | €157,559 | +€133,263 | +548% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,565 | €4,339 | -€1,226 | -22.0% |
| Other operating charges | 640/8 | €818 | €166 | -€652 | -79.7% |
| Gross operating margin | 9900 | €159,674 | €135,819 | -€23,855 | -14.9% |
| Operating profit (loss) | 9901 | €153,292 | €131,314 | -€21,978 | -14.3% |
| Financial income | 75/76B | €1,611 | €1,009 | -€602 | -37.4% |
| Recurring financial income | 75 | €1,611 | €1,009 | -€602 | -37.4% |
| Financial charges | 65/66B | €6,879 | €6,936 | +€57 | +0.8% |
| Recurring financial charges | 65 | €6,879 | €6,936 | +€57 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €148,024 | €125,387 | -€22,637 | -15.3% |
| Income taxes | 67/77 | €48,734 | €38,960 | -€9,773 | -20.1% |
| Profit (loss) for the period | 9904 | €99,291 | €86,427 | -€12,864 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,291 | €86,427 | -€12,864 | -13.0% |
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 15 October 2026 via checked.be.