ARKAD: 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.
ARKAD
Largest movements
- Cash -€100,286
down €100,286 (-87.2%), from €114,948 to €14,661
mainly Net result for the year (-€172,803) and Accrued charges and deferred income (-€70,000)
- Receivables within one year -€49,516
down €49,516 (-77.0%), from €64,291 to €14,775
of which Trade receivables: -€28,146
- Deferred charges and accrued income -€16,604
down €16,604 (-99.3%), from €16,724 to €120
- Stocks and contracts +€3,130
up €3,130 (+35.3%), from €8,870 to €12,000
- Profit (loss) carried forward -€172,803
down €172,803 (-1584.7%), from -€10,905 to -€183,708
- Accrued charges and deferred income -€70,000
no longer reported in 2025 (was €70,000)
- Other debts +€54,469
up €54,469 (+173.8%), from €31,345 to €85,813
- Trade debts +€42,823
up €42,823 (+131.0%), from €32,697 to €75,520
- Tax, wage and social debts -€16,324
down €16,324 (-21.0%), from €77,710 to €61,387
of which Taxes: -€13,085
- Gross operating margin -€163,142
down €163,142 (-91.1%), from €179,152 to €16,010
- Staff costs +€40,648
up €40,648 (+28.2%), from €144,182 to €184,831
- Other operating charges -€17,255
down €17,255 (-90.1%), from €19,147 to €1,893
- Taxes -€11,902
no longer reported in 2025 (was €11,902)
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 | €207,293 | €43,513 | -€163,779 | -79.0% |
| Fixed assets | 21/28 | €2,460 | €1,957 | -€504 | -20.5% |
| Tangible fixed assets | 22/27 | €2,097 | €1,594 | -€504 | -24.0% |
| Plant, machinery and equipment | 23 | €1,319 | €1,146 | -€173 | -13.1% |
| Furniture and vehicles | 24 | €779 | €448 | -€331 | -42.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €204,832 | €41,557 | -€163,276 | -79.7% |
| Stocks and contracts in progress | 3 | €8,870 | €12,000 | +€3,130 | +35.3% |
| Stocks | 30/36 | €8,870 | €12,000 | +€3,130 | +35.3% |
| Amounts receivable within one year | 40/41 | €64,291 | €14,775 | -€49,516 | -77.0% |
| Trade receivables | 40 | €36,853 | €8,707 | -€28,146 | -76.4% |
| Other amounts receivable | 41 | €27,438 | €6,068 | -€21,370 | -77.9% |
| Cash at bank and in hand | 54/58 | €114,948 | €14,661 | -€100,286 | -87.2% |
| Deferred charges and accrued income | 490/1 | €16,724 | €120 | -€16,604 | -99.3% |
| Total equity and liabilities | 10/49 | €207,293 | €43,513 | -€163,779 | -79.0% |
| Equity | 10/15 | -€6,405 | -€179,208 | -€172,803 | -2698.1% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,905 | -€183,708 | -€172,803 | -1584.7% |
| Amounts payable | 17/49 | €213,697 | €222,721 | +€9,023 | +4.2% |
| Amounts payable within one year | 42/48 | €143,697 | €222,721 | +€79,023 | +55.0% |
| Trade debts | 44 | €32,697 | €75,520 | +€42,823 | +131.0% |
| Suppliers | 440/4 | €32,697 | €75,520 | +€42,823 | +131.0% |
| Advances received on contracts in progress | 46 | €1,945 | - | -€1,945 | |
| Taxes, remuneration and social security | 45 | €77,710 | €61,387 | -€16,324 | -21.0% |
| Taxes | 450/3 | €28,072 | €14,987 | -€13,085 | -46.6% |
| Remuneration and social security | 454/9 | €49,638 | €46,399 | -€3,239 | -6.5% |
| Other amounts payable | 47/48 | €31,345 | €85,813 | +€54,469 | +173.8% |
| Accrued charges and deferred income | 492/3 | €70,000 | - | -€70,000 | |
| Remuneration, social security and pensions | 62 | €144,182 | €184,831 | +€40,648 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €504 | +€117 | +30.4% |
| Other operating charges | 640/8 | €19,147 | €1,893 | -€17,255 | -90.1% |
| Gross operating margin | 9900 | €179,152 | €16,010 | -€163,142 | -91.1% |
| Operating profit (loss) | 9901 | €15,436 | -€171,217 | -€186,653 | |
| Financial income | 75/76B | - | €600 | +€600 | |
| Recurring financial income | 75 | - | €600 | +€600 | |
| Financial charges | 65/66B | €1,185 | €2,186 | +€1,000 | +84.4% |
| Recurring financial charges | 65 | €1,185 | €2,186 | +€1,000 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | €14,251 | -€172,803 | -€187,054 | |
| Income taxes | 67/77 | €11,902 | - | -€11,902 | |
| Profit (loss) for the period | 9904 | €2,349 | -€172,803 | -€175,152 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,349 | -€172,803 | -€175,152 |
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 10 October 2026 via checked.be.