ARKO: 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.
What changed
ARKO
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€311,724
2024 · €92,009+€219,715
Equity
€1.3m
2024 · €1.0m+€311,724
Cash
€67,109
2024 · €90,574-€23,465
Balance sheet total
€4.0m
2024 · €3.5m+€564,853
Largest movements
Assets
- Tangible fixed assets +€416,218
up €416,218 (+24.5%), from €1.7m to €2.1m
of which Leasing and similar rights: +€549,340
- Financial fixed assets +€404,810
up €404,810 (+40.1%), from €1.0m to €1.4m
- Receivables within one year -€227,324
down €227,324 (-35.6%), from €638,587 to €411,263
of which Trade receivables: -€250,000
Equity and liabilities
- Debts after one year +€274,105
up €274,105 (+29.6%), from €925,890 to €1.2m
- Profit (loss) carried forward +€233,211
up €233,211 (+75.1%), from €310,697 to €543,908
- Trade debts -€222,458
down €222,458 (-26.1%), from €850,778 to €628,320
- Current portion of long-term debt +€92,305
up €92,305 (+28.4%), from €324,912 to €417,217
- Reserves +€78,513
up €78,513 (+72.3%), from €108,640 to €187,154
of which Tax-exempt reserves: +€66,239
Income statement
- Gross operating margin +€437,449
up €437,449 (+32.4%), from €1.4m to €1.8m
- Staff costs +€160,121
up €160,121 (+21.3%), from €750,524 to €910,646
- Taxes +€52,243
up €52,243 (+137.1%), from €38,104 to €90,348
- Depreciation -€32,082
down €32,082 (-9.3%), from €346,459 to €314,377
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.
Result 2024
€92,009
Gross operating margin
+€437,449
Staff costs
-€160,121
Depreciation
+€32,082
Write-downs
+€144
Other operating charges
-€6,734
Other operating items
+€1,292
Financial income
+€389
Financial charges
-€16,402
Taxes
-€52,243
Deferred taxes and other
-€16,139
Result 2025
€311,724
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.
From operations
+€684,919
Investment
-€1.1m
Financing
+€427,021
Cash 2024
€90,574
From operations (derived)
+€684,919
Net result for the year
+€311,724
Depreciation
+€314,377
Smaller working-capital items
+€4,874
Receivables within one year
+€227,324
Provisions
+€22,080
Trade debts
-€222,458
Tax, wage and social debts
-€26,673
Accrued charges and deferred income
+€53,671
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€427,021
Debts after one year
+€274,105
Current portion of long-term debt
+€92,305
Short-term financial debts
+€60,610
Cash 2025
€67,109
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,472,440 | €4,037,293 | +€564,853 | +16.3% |
| Fixed assets | 21/28 | €2,710,316 | €3,531,344 | +€821,028 | +30.3% |
| Tangible fixed assets | 22/27 | €1,701,276 | €2,117,494 | +€416,218 | +24.5% |
| Land and buildings | 22 | €734,699 | €703,601 | -€31,098 | -4.2% |
| Plant, machinery and equipment | 23 | €411,938 | €435,633 | +€23,695 | +5.8% |
| Furniture and vehicles | 24 | €235,920 | €110,201 | -€125,719 | -53.3% |
| Leasing and similar rights | 25 | €318,719 | €868,059 | +€549,340 | +172.4% |
| Financial fixed assets | 28 | €1,009,040 | €1,413,850 | +€404,810 | +40.1% |
| Current assets | 29/58 | €762,124 | €505,949 | -€256,175 | -33.6% |
| Stocks and contracts in progress | 3 | €3,734 | €970 | -€2,764 | -74.0% |
| Stocks | 30/36 | €3,734 | €970 | -€2,764 | -74.0% |
| Amounts receivable within one year | 40/41 | €638,587 | €411,263 | -€227,324 | -35.6% |
| Trade receivables | 40 | €638,266 | €388,266 | -€250,000 | -39.2% |
| Other amounts receivable | 41 | €321 | €22,997 | +€22,676 | +7063.7% |
| Cash at bank and in hand | 54/58 | €90,574 | €67,109 | -€23,465 | -25.9% |
| Deferred charges and accrued income | 490/1 | €29,229 | €26,607 | -€2,623 | -9.0% |
| Total equity and liabilities | 10/49 | €3,472,440 | €4,037,293 | +€564,853 | +16.3% |
| Equity | 10/15 | €1,030,952 | €1,342,676 | +€311,724 | +30.2% |
| Contributions | 10/11 | €611,614 | €611,614 | = | 0.0% |
| Capital | 10 | €611,614 | €611,614 | = | 0.0% |
| Issued capital | 100 | €611,614 | €611,614 | = | 0.0% |
| Reserves | 13 | €108,640 | €187,154 | +€78,513 | +72.3% |
| Non-distributable reserves | 130/1 | €16,352 | €28,627 | +€12,274 | +75.1% |
| Legal reserve | 130 | €16,352 | €28,627 | +€12,274 | +75.1% |
| Tax-exempt reserves | 132 | €17,823 | €84,062 | +€66,239 | +371.7% |
| Distributable reserves | 133 | €74,465 | €74,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | €310,697 | €543,908 | +€233,211 | +75.1% |
| Provisions and deferred taxes | 16 | €5,941 | €28,021 | +€22,080 | +371.7% |
| Deferred taxes | 168 | €5,941 | €28,021 | +€22,080 | +371.7% |
| Amounts payable | 17/49 | €2,435,548 | €2,666,597 | +€231,049 | +9.5% |
| Amounts payable after more than one year | 17 | €925,890 | €1,199,996 | +€274,105 | +29.6% |
| Financial debts | 170/4 | €925,890 | €1,199,996 | +€274,105 | +29.6% |
| Amounts payable within one year | 42/48 | €1,501,064 | €1,404,336 | -€96,728 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €324,912 | €417,217 | +€92,305 | +28.4% |
| Financial debts | 43 | €0 | €60,610 | +€60,610 | |
| Credit institutions | 430/8 | €0 | €60,610 | +€60,610 | |
| Trade debts | 44 | €850,778 | €628,320 | -€222,458 | -26.1% |
| Suppliers | 440/4 | €850,778 | €628,320 | -€222,458 | -26.1% |
| Taxes, remuneration and social security | 45 | €108,701 | €82,028 | -€26,673 | -24.5% |
| Taxes | 450/3 | €25,039 | €730 | -€24,309 | -97.1% |
| Remuneration and social security | 454/9 | €83,662 | €81,298 | -€2,363 | -2.8% |
| Other amounts payable | 47/48 | €216,672 | €216,160 | -€512 | -0.2% |
| Accrued charges and deferred income | 492/3 | €8,594 | €62,265 | +€53,671 | +624.6% |
| Non-recurring operating income | 76A | €56,193 | €107,500 | +€51,307 | +91.3% |
| Remuneration, social security and pensions | 62 | €750,524 | €910,646 | +€160,121 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346,459 | €314,377 | -€32,082 | -9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€144 | -€144 | |
| Other operating charges | 640/8 | €61,063 | €67,797 | +€6,734 | +11.0% |
| Non-recurring operating charges | 66A | €1,292 | €0 | -€1,292 | -100.0% |
| Gross operating margin | 9900 | €1,351,322 | €1,788,770 | +€437,449 | +32.4% |
| Operating profit (loss) | 9901 | €191,983 | €496,094 | +€304,111 | +158.4% |
| Financial income | 75/76B | €291 | €679 | +€389 | +133.7% |
| Recurring financial income | 75 | €291 | €679 | +€389 | +133.7% |
| Financial charges | 65/66B | €56,220 | €72,622 | +€16,402 | +29.2% |
| Recurring financial charges | 65 | €56,220 | €72,622 | +€16,402 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €136,054 | €424,151 | +€288,097 | +211.8% |
| Transfer from deferred taxes | 780 | €309 | €420 | +€111 | +36.0% |
| Transfer to deferred taxes | 680 | €6,250 | €22,500 | +€16,250 | +260.0% |
| Income taxes | 67/77 | €38,104 | €90,348 | +€52,243 | +137.1% |
| Profit (loss) for the period | 9904 | €92,009 | €311,724 | +€219,715 | +238.8% |
| Transfer from tax-exempt reserves | 789 | €927 | €1,261 | +€334 | +36.0% |
| Transfer to tax-exempt reserves | 689 | €18,750 | €67,500 | +€48,750 | +260.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,186 | €245,485 | +€171,299 | +230.9% |
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 4 October 2026 via checked.be.