ARKAFRA: 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.
ARKAFRA
Largest movements
- Receivables within one year -€489,434
down €489,434 (-88.0%), from €556,252 to €66,818
of which Trade receivables: -€489,611
- Stocks and contracts +€285,125
up €285,125 (+73.9%), from €385,886 to €671,012
- Cash -€214,764
down €214,764 (-53.5%), from €401,384 to €186,620
mainly Stocks and contracts (-€285,125) and Advances received (-€265,716)
- Current investments +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Advances received -€265,716
down €265,716 (-100.0%), from €265,716 to €0
- Trade debts -€205,074
down €205,074 (-95.8%), from €214,003 to €8,929
- Profit (loss) carried forward +€68,891
up €68,891, from -€62,513 to €6,378
- Tax, wage and social debts +€41,367
up €41,367 (+2294.0%), from €1,803 to €43,170
- Other debts +€28,276
up €28,276 (+5.4%), from €519,178 to €547,454
- Gross operating margin +€377,655
up €377,655, from -€257,317 to €120,339
- Financial charges +€16,907
up €16,907 (+60.4%), from €27,982 to €44,889
- Taxes +€7,088
new in 2025: €7,088
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 | €1,686,346 | €1,365,390 | -€320,956 | -19.0% |
| Fixed assets | 21/28 | €34,449 | €32,734 | -€1,716 | -5.0% |
| Tangible fixed assets | 22/27 | €34,199 | €32,734 | -€1,466 | -4.3% |
| Land and buildings | 22 | €34,199 | €32,734 | -€1,466 | -4.3% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100.0% |
| Current assets | 29/58 | €1,651,897 | €1,332,656 | -€319,240 | -19.3% |
| Stocks and contracts in progress | 3 | €385,886 | €671,012 | +€285,125 | +73.9% |
| Contracts in progress | 37 | €385,886 | €671,012 | +€285,125 | +73.9% |
| Amounts receivable within one year | 40/41 | €556,252 | €66,818 | -€489,434 | -88.0% |
| Trade receivables | 40 | €547,084 | €57,473 | -€489,611 | -89.5% |
| Other amounts receivable | 41 | €9,168 | €9,345 | +€177 | +1.9% |
| Current investments | 50/53 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €401,384 | €186,620 | -€214,764 | -53.5% |
| Deferred charges and accrued income | 490/1 | €8,374 | €8,207 | -€168 | -2.0% |
| Total equity and liabilities | 10/49 | €1,686,346 | €1,365,390 | -€320,956 | -19.0% |
| Equity | 10/15 | €581,537 | €650,428 | +€68,891 | +11.8% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €269,050 | €269,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,500 | €37,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €192,150 | €192,150 | = | 0.0% |
| Distributable reserves | 133 | €39,400 | €39,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,513 | €6,378 | +€68,891 | |
| Amounts payable | 17/49 | €1,104,809 | €714,962 | -€389,847 | -35.3% |
| Amounts payable within one year | 42/48 | €1,104,226 | €714,309 | -€389,917 | -35.3% |
| Financial debts | 43 | €103,525 | €114,756 | +€11,231 | +10.8% |
| Other loans | 439 | €103,525 | €114,756 | +€11,231 | +10.8% |
| Trade debts | 44 | €214,003 | €8,929 | -€205,074 | -95.8% |
| Suppliers | 440/4 | €214,003 | €8,929 | -€205,074 | -95.8% |
| Advances received on contracts in progress | 46 | €265,716 | €0 | -€265,716 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,803 | €43,170 | +€41,367 | +2294.0% |
| Taxes | 450/3 | €1,803 | €43,170 | +€41,367 | +2294.0% |
| Other amounts payable | 47/48 | €519,178 | €547,454 | +€28,276 | +5.4% |
| Accrued charges and deferred income | 492/3 | €583 | €652 | +€69 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,466 | €1,466 | = | 0.0% |
| Other operating charges | 640/8 | €1,822 | €1,497 | -€325 | -17.9% |
| Gross operating margin | 9900 | -€257,317 | €120,339 | +€377,655 | |
| Operating profit (loss) | 9901 | -€260,605 | €117,376 | +€377,981 | |
| Financial income | 75/76B | €1,861 | €3,492 | +€1,631 | +87.7% |
| Recurring financial income | 75 | €1,861 | €3,492 | +€1,631 | +87.7% |
| Financial charges | 65/66B | €27,982 | €44,889 | +€16,907 | +60.4% |
| Recurring financial charges | 65 | €27,982 | €44,889 | +€16,907 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | -€286,726 | €75,979 | +€362,705 | |
| Income taxes | 67/77 | - | €7,088 | +€7,088 | |
| Profit (loss) for the period | 9904 | -€286,726 | €68,891 | +€355,617 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€286,726 | €68,891 | +€355,617 |
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.