ARKAEL: what changed
Two fiscal 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.
ARKAEL
Largest movements
- Receivables within one year -€235,225
down €235,225 (-100.0%), from €235,225 to €0
of which Trade receivables: -€235,225
- Cash +€80,743
up €80,743 (+2442.3%), from €3,306 to €84,049
mainly Receivables within one year (+€235,225) and Net result for the year (+€165,247)
- Current portion of long-term debt -€420,000
down €420,000 (-33.6%), from €1.3m to €830,000
- Reserves +€165,247
up €165,247 (+86.2%), from €191,747 to €356,994
of which Distributable reserves: +€165,247
- Accrued charges and deferred income +€100,793
up €100,793 (+2110.6%), from €4,776 to €105,568
- Financial charges +€127,774
up €127,774 (+2635.0%), from €4,849 to €132,623
- Gross operating margin +€122,395
up €122,395 (+41.5%), from €294,766 to €417,161
- Taxes +€19,015
up €19,015 (+22.0%), from €86,308 to €105,323
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 | €5,107,609 | €4,945,200 | -€162,409 | -3.2% |
| Fixed assets | 21/28 | €4,869,078 | €4,861,151 | -€7,926 | -0.2% |
| Tangible fixed assets | 22/27 | €48,078 | €40,151 | -€7,926 | -16.5% |
| Furniture and vehicles | 24 | €48,078 | €40,151 | -€7,926 | -16.5% |
| Financial fixed assets | 28 | €4,821,000 | €4,821,000 | = | 0.0% |
| Current assets | 29/58 | €238,531 | €84,049 | -€154,482 | -64.8% |
| Amounts receivable within one year | 40/41 | €235,225 | €0 | -€235,225 | -100.0% |
| Trade receivables | 40 | €235,225 | €0 | -€235,225 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,306 | €84,049 | +€80,743 | +2442.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,107,609 | €4,945,200 | -€162,409 | -3.2% |
| Equity | 10/15 | €235,794 | €401,041 | +€165,247 | +70.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,747 | €356,994 | +€165,247 | +86.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €191,747 | €356,994 | +€165,247 | +86.2% |
| Profit (loss) carried forward | 14 | €25,447 | €25,447 | = | 0.0% |
| Amounts payable | 17/49 | €4,871,815 | €4,544,160 | -€327,656 | -6.7% |
| Amounts payable after more than one year | 17 | €3,471,000 | €3,471,000 | = | 0.0% |
| Financial debts | 170/4 | €3,471,000 | €3,471,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,396,039 | €967,591 | -€428,448 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €1,250,000 | €830,000 | -€420,000 | -33.6% |
| Trade debts | 44 | €1,578 | €20,030 | +€18,452 | +1169.5% |
| Suppliers | 440/4 | €1,578 | €20,030 | +€18,452 | +1169.5% |
| Taxes, remuneration and social security | 45 | €104,670 | €80,341 | -€24,329 | -23.2% |
| Taxes | 450/3 | €104,670 | €80,341 | -€24,329 | -23.2% |
| Other amounts payable | 47/48 | €39,792 | €37,220 | -€2,571 | -6.5% |
| Accrued charges and deferred income | 492/3 | €4,776 | €105,568 | +€100,793 | +2110.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,519 | €13,052 | -€467 | -3.5% |
| Other operating charges | 640/8 | €1,356 | €916 | -€441 | -32.5% |
| Gross operating margin | 9900 | €294,766 | €417,161 | +€122,395 | +41.5% |
| Operating profit (loss) | 9901 | €279,890 | €403,193 | +€123,303 | +44.1% |
| Financial income | 75/76B | €1,155 | €0 | -€1,155 | -100.0% |
| Recurring financial income | 75 | €1,155 | €0 | -€1,155 | -100.0% |
| Financial charges | 65/66B | €4,849 | €132,623 | +€127,774 | +2635.0% |
| Recurring financial charges | 65 | €4,849 | €132,623 | +€127,774 | +2635.0% |
| Profit (loss) for the period before taxes | 9903 | €276,196 | €270,570 | -€5,626 | -2.0% |
| Income taxes | 67/77 | €86,308 | €105,323 | +€19,015 | +22.0% |
| Profit (loss) for the period | 9904 | €189,887 | €165,247 | -€24,641 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €189,887 | €165,247 | -€24,641 | -13.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.