ARKEO: 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.
ARKEO
Largest movements
- Cash +€22,127
up €22,127 (+145.7%), from €15,185 to €37,313
mainly Depreciation (+€40,804) and Net result for the year (+€39,637)
- Tangible fixed assets -€12,593
down €12,593 (-3.7%), from €339,929 to €327,336
of which Land and buildings: -€14,887
- Reserves +€30,637
up €30,637 (+38.6%), from €79,427 to €110,064
- Debts after one year -€20,705
down €20,705 (-8.1%), from €255,979 to €235,274
- Tax, wage and social debts -€4,216
down €4,216 (-90.6%), from €4,654 to €438
of which Remuneration and social security: -€3,381
- Gross operating margin +€17,758
up €17,758 (+14.8%), from €119,598 to €137,355
- Depreciation +€4,514
up €4,514 (+12.4%), from €36,290 to €40,804
- Staff costs -€3,933
down €3,933 (-11.4%), from €34,505 to €30,572
- Taxes +€3,666
up €3,666 (+48.7%), from €7,528 to €11,195
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 | €381,191 | €391,759 | +€10,568 | +2.8% |
| Fixed assets | 21/28 | €339,929 | €327,336 | -€12,593 | -3.7% |
| Tangible fixed assets | 22/27 | €339,929 | €327,336 | -€12,593 | -3.7% |
| Land and buildings | 22 | €245,506 | €230,619 | -€14,887 | -6.1% |
| Plant, machinery and equipment | 23 | €55,639 | €61,329 | +€5,691 | +10.2% |
| Furniture and vehicles | 24 | €38,784 | €35,388 | -€3,397 | -8.8% |
| Current assets | 29/58 | €41,262 | €64,423 | +€23,161 | +56.1% |
| Stocks and contracts in progress | 3 | €8,000 | €8,000 | = | 0.0% |
| Stocks | 30/36 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,241 | €15,548 | +€307 | +2.0% |
| Trade receivables | 40 | - | €5,035 | +€5,035 | |
| Other amounts receivable | 41 | €15,241 | €10,513 | -€4,728 | -31.0% |
| Cash at bank and in hand | 54/58 | €15,185 | €37,313 | +€22,127 | +145.7% |
| Deferred charges and accrued income | 490/1 | €2,836 | €3,562 | +€726 | +25.6% |
| Total equity and liabilities | 10/49 | €381,191 | €391,759 | +€10,568 | +2.8% |
| Equity | 10/15 | €86,234 | €116,871 | +€30,637 | +35.5% |
| Contributions | 10/11 | €6,807 | €6,807 | = | 0.0% |
| Reserves | 13 | €79,427 | €110,064 | +€30,637 | +38.6% |
| Distributable reserves | 133 | €79,427 | €110,064 | +€30,637 | +38.6% |
| Amounts payable | 17/49 | €294,957 | €274,888 | -€20,069 | -6.8% |
| Amounts payable after more than one year | 17 | €255,979 | €235,274 | -€20,705 | -8.1% |
| Financial debts | 170/4 | €255,979 | €235,274 | -€20,705 | -8.1% |
| Amounts payable within one year | 42/48 | €38,978 | €37,934 | -€1,044 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €20,020 | €20,705 | +€684 | +3.4% |
| Trade debts | 44 | €4,229 | €3,673 | -€556 | -13.1% |
| Suppliers | 440/4 | €4,229 | €3,673 | -€556 | -13.1% |
| Taxes, remuneration and social security | 45 | €4,654 | €438 | -€4,216 | -90.6% |
| Taxes | 450/3 | €836 | - | -€836 | |
| Remuneration and social security | 454/9 | €3,819 | €438 | -€3,381 | -88.5% |
| Other amounts payable | 47/48 | €10,075 | €13,118 | +€3,043 | +30.2% |
| Accrued charges and deferred income | 492/3 | - | €1,680 | +€1,680 | |
| Remuneration, social security and pensions | 62 | €34,505 | €30,572 | -€3,933 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,290 | €40,804 | +€4,514 | +12.4% |
| Other operating charges | 640/8 | €6,330 | €6,284 | -€46 | -0.7% |
| Gross operating margin | 9900 | €119,598 | €137,355 | +€17,758 | +14.8% |
| Operating profit (loss) | 9901 | €42,472 | €59,695 | +€17,223 | +40.6% |
| Financial charges | 65/66B | €9,303 | €8,862 | -€441 | -4.7% |
| Recurring financial charges | 65 | €9,303 | €8,862 | -€441 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €33,169 | €50,832 | +€17,663 | +53.3% |
| Income taxes | 67/77 | €7,528 | €11,195 | +€3,666 | +48.7% |
| Profit (loss) for the period | 9904 | €25,641 | €39,637 | +€13,997 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,641 | €39,637 | +€13,997 | +54.6% |
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 7 October 2026 via checked.be.