ARKEON: 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.
ARKEON
Largest movements
- Cash +€16,318
up €16,318 (+8.9%), from €182,526 to €198,844
mainly Net result for the year (+€215,618) and Other debts (+€66,193)
- Tangible fixed assets -€14,622
down €14,622 (-17.6%), from €83,092 to €68,470
of which Furniture and vehicles: -€9,147
- Deferred charges and accrued income -€13,564
down €13,564 (-72.7%), from €18,663 to €5,098
- Current investments +€12,000
up €12,000 (+17.2%), from €69,567 to €81,567
- Receivables within one year -€4,792
down €4,792 (-7.0%), from €68,287 to €63,495
of which Trade receivables: -€5,211
- Reserves -€100,928
down €100,928 (-97.0%), from €104,015 to €3,087
of which Distributable reserves: -€101,031
- Other debts +€66,193
up €66,193 (+33.1%), from €200,000 to €266,193
- Profit (loss) carried forward +€65,514
up €65,514 (+1,906%), from €3,438 to €68,952
- Trade debts -€36,142
down €36,142 (-58.3%), from €62,033 to €25,892
- Gross operating margin +€40,870
up €40,870 (+14.4%), from €283,670 to €324,540
- Taxes +€7,700
up €7,700 (+12.6%), from €61,225 to €68,925
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 | €422,134 | €417,474 | -€4,660 | -1.1% |
| Fixed assets | 21/28 | €83,092 | €68,470 | -€14,622 | -17.6% |
| Tangible fixed assets | 22/27 | €83,092 | €68,470 | -€14,622 | -17.6% |
| Land and buildings | 22 | €9,142 | €7,875 | -€1,267 | -13.9% |
| Plant, machinery and equipment | 23 | €54,162 | €49,954 | -€4,208 | -7.8% |
| Furniture and vehicles | 24 | €19,788 | €10,641 | -€9,147 | -46.2% |
| Current assets | 29/58 | €339,043 | €349,004 | +€9,962 | +2.9% |
| Amounts receivable within one year | 40/41 | €68,287 | €63,495 | -€4,792 | -7.0% |
| Trade receivables | 40 | €55,450 | €50,239 | -€5,211 | -9.4% |
| Other amounts receivable | 41 | €12,837 | €13,256 | +€419 | +3.3% |
| Current investments | 50/53 | €69,567 | €81,567 | +€12,000 | +17.2% |
| Cash at bank and in hand | 54/58 | €182,526 | €198,844 | +€16,318 | +8.9% |
| Deferred charges and accrued income | 490/1 | €18,663 | €5,098 | -€13,564 | -72.7% |
| Total equity and liabilities | 10/49 | €422,134 | €417,474 | -€4,660 | -1.1% |
| Equity | 10/15 | €126,053 | €90,639 | -€35,414 | -28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,015 | €3,087 | -€100,928 | -97.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,124 | €1,227 | +€103 | +9.2% |
| Distributable reserves | 133 | €101,031 | - | -€101,031 | |
| Profit (loss) carried forward | 14 | €3,438 | €68,952 | +€65,514 | +1,906% |
| Amounts payable | 17/49 | €296,081 | €326,835 | +€30,754 | +10.4% |
| Amounts payable within one year | 42/48 | €296,081 | €326,835 | +€30,754 | +10.4% |
| Trade debts | 44 | €62,033 | €25,892 | -€36,142 | -58.3% |
| Suppliers | 440/4 | €62,033 | €25,892 | -€36,142 | -58.3% |
| Taxes, remuneration and social security | 45 | €34,048 | €34,751 | +€703 | +2.1% |
| Taxes | 450/3 | €34,048 | €34,751 | +€703 | +2.1% |
| Other amounts payable | 47/48 | €200,000 | €266,193 | +€66,193 | +33.1% |
| Non-recurring operating income | 76A | €1,970 | - | -€1,970 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,457 | €20,673 | +€1,216 | +6.2% |
| Non-recurring operating charges | 66A | €1,688 | €15,425 | +€13,737 | +814% |
| Gross operating margin | 9900 | €283,670 | €324,540 | +€40,870 | +14.4% |
| Operating profit (loss) | 9901 | €262,525 | €288,442 | +€25,917 | +9.9% |
| Financial income | 75/76B | €495 | - | -€495 | |
| Recurring financial income | 75 | €495 | - | -€495 | |
| Financial charges | 65/66B | €898 | €3,900 | +€3,002 | +334% |
| Recurring financial charges | 65 | €898 | €3,900 | +€3,002 | +334% |
| Profit (loss) for the period before taxes | 9903 | €262,122 | €284,542 | +€22,420 | +8.6% |
| Income taxes | 67/77 | €61,225 | €68,925 | +€7,700 | +12.6% |
| Profit (loss) for the period | 9904 | €200,897 | €215,618 | +€14,721 | +7.3% |
| Transfer to tax-exempt reserves | 689 | €310 | €103 | -€207 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €200,586 | €215,514 | +€14,928 | +7.4% |
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 16 October 2026 via checked.be.