ARKIA: 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.
ARKIA
Largest movements
- Cash -€3.3m
down €3.3m (-99.6%), from €3.3m to €12,815
mainly Other debts (-€2.3m) and Current portion of long-term debt (-€1.0m)
- Tangible fixed assets -€448,204
down €448,204 (-5.2%), from €8.6m to €8.1m
of which Land and buildings: -€435,176
- Receivables within one year -€282,931
down €282,931 (-5.1%), from €5.5m to €5.2m
of which Other amounts receivable: -€248,692
- Other debts -€2.3m
down €2.3m (-36.5%), from €6.4m to €4.0m
- Current portion of long-term debt -€1.0m
down €1.0m (-58.9%), from €1.7m to €709,437
- Debts after one year -€709,437
down €709,437 (-12.2%), from €5.8m to €5.1m
of which Financial debts: -€709,437
- Gross operating margin -€1.5m
down €1.5m (-71.5%), from €2.1m to €592,037
- Taxes -€145,380
down €145,380 (-95.9%), from €151,607 to €6,227
- Financial charges -€58,538
down €58,538 (-39.7%), from €147,350 to €88,812
- Depreciation +€41,248
up €41,248 (+9.5%), from €434,995 to €476,244
- Financial income -€29,495
down €29,495 (-90.6%), from €32,539 to €3,044
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 | €17,542,448 | €13,497,343 | -€4.0m | -23.1% |
| Fixed assets | 21/28 | €8,682,406 | €8,234,202 | -€448,204 | -5.2% |
| Tangible fixed assets | 22/27 | €8,581,877 | €8,133,673 | -€448,204 | -5.2% |
| Land and buildings | 22 | €8,568,849 | €8,133,673 | -€435,176 | -5.1% |
| Furniture and vehicles | 24 | €13,028 | - | -€13,028 | |
| Financial fixed assets | 28 | €100,529 | €100,529 | = | 0.0% |
| Current assets | 29/58 | €8,860,041 | €5,263,141 | -€3.6m | -40.6% |
| Amounts receivable within one year | 40/41 | €5,522,213 | €5,239,282 | -€282,931 | -5.1% |
| Trade receivables | 40 | €37,164 | €2,925 | -€34,239 | -92.1% |
| Other amounts receivable | 41 | €5,485,050 | €5,236,358 | -€248,692 | -4.5% |
| Cash at bank and in hand | 54/58 | €3,299,081 | €12,815 | -€3.3m | -99.6% |
| Deferred charges and accrued income | 490/1 | €38,747 | €11,044 | -€27,703 | -71.5% |
| Total equity and liabilities | 10/49 | €17,542,448 | €13,497,343 | -€4.0m | -23.1% |
| Equity | 10/15 | €2,896,804 | €2,848,097 | -€48,707 | -1.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,798,753 | €2,733,969 | -€64,785 | -2.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,330,072 | €1,265,288 | -€64,785 | -4.9% |
| Distributable reserves | 133 | €1,462,484 | €1,462,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,078 | €52,155 | +€16,077 | +44.6% |
| Provisions and deferred taxes | 16 | €557,644 | €529,879 | -€27,765 | -5.0% |
| Deferred taxes | 168 | €557,644 | €529,879 | -€27,765 | -5.0% |
| Amounts payable | 17/49 | €14,088,000 | €10,119,367 | -€4.0m | -28.2% |
| Amounts payable after more than one year | 17 | €5,824,114 | €5,114,677 | -€709,437 | -12.2% |
| Financial debts | 170/4 | €5,019,114 | €4,309,677 | -€709,437 | -14.1% |
| Other amounts payable | 178/9 | €805,000 | €805,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,250,285 | €4,948,202 | -€3.3m | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €1,725,143 | €709,437 | -€1.0m | -58.9% |
| Trade debts | 44 | €932 | €32,375 | +€31,443 | +3372.4% |
| Suppliers | 440/4 | €932 | €32,375 | +€31,443 | +3372.4% |
| Taxes, remuneration and social security | 45 | €157,707 | €164,026 | +€6,319 | +4.0% |
| Taxes | 450/3 | €151,695 | €157,926 | +€6,231 | +4.1% |
| Remuneration and social security | 454/9 | €6,012 | €6,100 | +€88 | +1.5% |
| Other amounts payable | 47/48 | €6,366,503 | €4,042,364 | -€2.3m | -36.5% |
| Accrued charges and deferred income | 492/3 | €13,601 | €56,488 | +€42,887 | +315.3% |
| Non-recurring operating income | 76A | €1,456,305 | €75,616 | -€1.4m | -94.8% |
| Remuneration, social security and pensions | 62 | €43,186 | €43,872 | +€685 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434,995 | €476,244 | +€41,248 | +9.5% |
| Other operating charges | 640/8 | €46,767 | €56,399 | +€9,632 | +20.6% |
| Gross operating margin | 9900 | €2,077,600 | €592,037 | -€1.5m | -71.5% |
| Operating profit (loss) | 9901 | €1,552,652 | €15,523 | -€1.5m | -99.0% |
| Financial income | 75/76B | €32,539 | €3,044 | -€29,495 | -90.6% |
| Recurring financial income | 75 | €32,539 | €3,044 | -€29,495 | -90.6% |
| Financial charges | 65/66B | €147,350 | €88,812 | -€58,538 | -39.7% |
| Recurring financial charges | 65 | €147,350 | €88,812 | -€58,538 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €1,437,841 | -€70,245 | -€1.5m | |
| Transfer from deferred taxes | 780 | €26,141 | €27,765 | +€1,623 | +6.2% |
| Income taxes | 67/77 | €151,607 | €6,227 | -€145,380 | -95.9% |
| Profit (loss) for the period | 9904 | €1,312,375 | -€48,707 | -€1.4m | |
| Transfer from tax-exempt reserves | 789 | €60,997 | €64,785 | +€3,788 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,373,372 | €16,077 | -€1.4m | -98.8% |
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 8 October 2026 via checked.be.