ARKAB: 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.
ARKAB
Largest movements
- Tangible fixed assets +€320,377
up €320,377 (+29.8%), from €1.1m to €1.4m
of which Land and buildings: +€322,177
- Receivables within one year +€274,675
up €274,675 (+113%), from €243,631 to €518,305
of which Trade receivables: +€161,471
- Cash -€28,608
down €28,608 (-83.6%), from €34,221 to €5,614
mainly Investment in fixed assets (net) (-€428,857) and Receivables within one year (-€274,675)
- Debts after one year +€356,171
up €356,171 (+63.8%), from €558,480 to €914,652
- Other debts +€173,719
up €173,719 (+35.6%), from €487,477 to €661,196
- Profit (loss) carried forward -€105,232
no longer reported in 2025 (was €105,232)
- Trade debts +€97,407
up €97,407 (+92.0%), from €105,861 to €203,269
- Current portion of long-term debt +€41,540
up €41,540 (+99.4%), from €41,805 to €83,345
- Depreciation +€71,684
up €71,684 (+195%), from €36,796 to €108,480
- Financial charges +€37,472
up €37,472 (+908%), from €4,128 to €41,600
- Taxes -€20,481
down €20,481 (-64.4%), from €31,784 to €11,303
- Gross operating margin +€18,644
up €18,644 (+9.5%), from €196,855 to €215,498
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 | €1,357,710 | €1,924,897 | +€567,188 | +41.8% |
| Fixed assets | 21/28 | €1,076,690 | €1,397,068 | +€320,377 | +29.8% |
| Tangible fixed assets | 22/27 | €1,076,606 | €1,396,984 | +€320,377 | +29.8% |
| Land and buildings | 22 | €1,071,412 | €1,393,589 | +€322,177 | +30.1% |
| Furniture and vehicles | 24 | €1,673 | €387 | -€1,286 | -76.9% |
| Other tangible fixed assets | 26 | €3,522 | €3,008 | -€514 | -14.6% |
| Financial fixed assets | 28 | €84 | €84 | = | 0.0% |
| Current assets | 29/58 | €281,019 | €527,829 | +€246,810 | +87.8% |
| Amounts receivable within one year | 40/41 | €243,631 | €518,305 | +€274,675 | +113% |
| Trade receivables | 40 | €225,809 | €387,281 | +€161,471 | +71.5% |
| Other amounts receivable | 41 | €17,821 | €131,025 | +€113,203 | +635% |
| Cash at bank and in hand | 54/58 | €34,221 | €5,614 | -€28,608 | -83.6% |
| Deferred charges and accrued income | 490/1 | €3,167 | €3,910 | +€743 | +23.5% |
| Total equity and liabilities | 10/49 | €1,357,710 | €1,924,897 | +€567,188 | +41.8% |
| Equity | 10/15 | €145,255 | €40,023 | -€105,232 | -72.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,423 | €21,423 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,563 | €19,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,232 | - | -€105,232 | |
| Amounts payable | 17/49 | €1,212,455 | €1,884,874 | +€672,420 | +55.5% |
| Amounts payable after more than one year | 17 | €558,480 | €914,652 | +€356,171 | +63.8% |
| Financial debts | 170/4 | €558,480 | €914,652 | +€356,171 | +63.8% |
| Amounts payable within one year | 42/48 | €651,222 | €969,843 | +€318,621 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €41,805 | €83,345 | +€41,540 | +99.4% |
| Trade debts | 44 | €105,861 | €203,269 | +€97,407 | +92.0% |
| Suppliers | 440/4 | €105,861 | €203,269 | +€97,407 | +92.0% |
| Taxes, remuneration and social security | 45 | €16,078 | €22,033 | +€5,955 | +37.0% |
| Taxes | 450/3 | €16,078 | €22,033 | +€5,955 | +37.0% |
| Other amounts payable | 47/48 | €487,477 | €661,196 | +€173,719 | +35.6% |
| Accrued charges and deferred income | 492/3 | €2,752 | €380 | -€2,372 | -86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,796 | €108,480 | +€71,684 | +195% |
| Other operating charges | 640/8 | €17,315 | €16,319 | -€996 | -5.8% |
| Gross operating margin | 9900 | €196,855 | €215,498 | +€18,644 | +9.5% |
| Operating profit (loss) | 9901 | €142,744 | €90,699 | -€52,044 | -36.5% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €4,128 | €41,600 | +€37,472 | +908% |
| Recurring financial charges | 65 | €4,128 | €41,600 | +€37,472 | +908% |
| Profit (loss) for the period before taxes | 9903 | €138,616 | €49,114 | -€89,503 | -64.6% |
| Income taxes | 67/77 | €31,784 | €11,303 | -€20,481 | -64.4% |
| Profit (loss) for the period | 9904 | €106,832 | €37,810 | -€69,022 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,832 | €37,810 | -€69,022 | -64.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.