ARKENIA: 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.
ARKENIA
Largest movements
- Current investments +€47,108
up €47,108 (+14.4%), from €327,073 to €374,180
- Tangible fixed assets -€12,476
down €12,476 (-17.4%), from €71,637 to €59,161
- Receivables within one year -€5,767
down €5,767 (-23.2%), from €24,895 to €19,129
of which Trade receivables: -€5,767
- Reserves +€54,440
up €54,440 (+18.8%), from €289,330 to €343,770
of which Distributable reserves: +€54,440
- Other debts -€52,709
down €52,709 (-37.4%), from €140,866 to €88,158
- Profit (loss) carried forward +€32,041
up €32,041, from -€32,034 to €7
- Gross operating margin +€80,298
up €80,298, from -€22,898 to €57,400
- Financial income +€66,166
up €66,166 (+1,690%), from €3,914 to €70,080
- Taxes +€16,943
up €16,943 (+725%), from €2,336 to €19,279
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 | €465,883 | €495,842 | +€29,959 | +6.4% |
| Fixed assets | 21/28 | €71,637 | €59,161 | -€12,476 | -17.4% |
| Tangible fixed assets | 22/27 | €71,637 | €59,161 | -€12,476 | -17.4% |
| Land and buildings | 22 | €42,181 | €36,666 | -€5,516 | -13.1% |
| Plant, machinery and equipment | 23 | €4,730 | €2,582 | -€2,148 | -45.4% |
| Furniture and vehicles | 24 | €4,387 | €1,969 | -€2,418 | -55.1% |
| Other tangible fixed assets | 26 | €20,338 | €17,944 | -€2,394 | -11.8% |
| Current assets | 29/58 | €394,246 | €436,681 | +€42,434 | +10.8% |
| Amounts receivable within one year | 40/41 | €24,895 | €19,129 | -€5,767 | -23.2% |
| Trade receivables | 40 | €24,895 | €19,129 | -€5,767 | -23.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €327,073 | €374,180 | +€47,108 | +14.4% |
| Cash at bank and in hand | 54/58 | €42,278 | €43,372 | +€1,093 | +2.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €465,883 | €495,842 | +€29,959 | +6.4% |
| Equity | 10/15 | €269,696 | €356,177 | +€86,481 | +32.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €289,330 | €343,770 | +€54,440 | +18.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €289,330 | €343,770 | +€54,440 | +18.8% |
| Profit (loss) carried forward | 14 | -€32,034 | €7 | +€32,041 | |
| Amounts payable | 17/49 | €196,187 | €139,665 | -€56,523 | -28.8% |
| Amounts payable after more than one year | 17 | €31,854 | €28,981 | -€2,873 | -9.0% |
| Financial debts | 170/4 | €31,854 | €28,981 | -€2,873 | -9.0% |
| Amounts payable within one year | 42/48 | €161,589 | €106,432 | -€55,157 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €2,747 | €2,873 | +€126 | +4.6% |
| Trade debts | 44 | €6,322 | €2,486 | -€3,836 | -60.7% |
| Suppliers | 440/4 | €6,322 | €2,486 | -€3,836 | -60.7% |
| Taxes, remuneration and social security | 45 | €11,654 | €12,915 | +€1,261 | +10.8% |
| Taxes | 450/3 | €11,654 | €12,915 | +€1,261 | +10.8% |
| Other amounts payable | 47/48 | €140,866 | €88,158 | -€52,709 | -37.4% |
| Accrued charges and deferred income | 492/3 | €2,744 | €4,252 | +€1,508 | +55.0% |
| Non-recurring operating income | 76A | €10,000 | €0 | -€10,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,528 | €12,476 | -€53 | -0.4% |
| Other operating charges | 640/8 | €2,320 | €2,210 | -€110 | -4.7% |
| Gross operating margin | 9900 | -€22,898 | €57,400 | +€80,298 | |
| Operating profit (loss) | 9901 | -€37,746 | €42,714 | +€80,461 | |
| Financial income | 75/76B | €3,914 | €70,080 | +€66,166 | +1,690% |
| Recurring financial income | 75 | €3,914 | €70,080 | +€66,166 | +1,690% |
| Financial charges | 65/66B | €7,001 | €7,034 | +€34 | +0.5% |
| Recurring financial charges | 65 | €7,001 | €7,034 | +€34 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,832 | €105,761 | +€146,593 | |
| Income taxes | 67/77 | €2,336 | €19,279 | +€16,943 | +725% |
| Profit (loss) for the period | 9904 | -€43,168 | €86,481 | +€129,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,168 | €86,481 | +€129,650 |
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.