ARKON: 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.
ARKON
Largest movements
- Stocks and contracts +€162,418
new in 2025: €162,418
- Cash +€16,076
up €16,076 (+147354.1%), from €11 to €16,087
mainly Debts after one year (+€197,725) and Trade debts (+€12,604)
- Receivables within one year +€14,223
up €14,223 (+68.8%), from €20,668 to €34,891
of which Other amounts receivable: +€11,865
- Debts after one year +€197,725
up €197,725 (+697.6%), from €28,344 to €226,069
- Trade debts +€12,604
up €12,604 (+178.8%), from €7,047 to €19,651
of which Suppliers: +€13,669
- Other debts -€10,394
no longer reported in 2025 (was €10,394)
- Profit (loss) carried forward -€10,011
down €10,011 (-35.6%), from -€28,107 to -€38,118
- Accrued charges and deferred income +€2,795
new in 2025: €2,795
- Financial charges +€2,590
up €2,590 (+874.5%), from €296 to €2,886
- Gross operating margin -€2,501
down €2,501 (-61.1%), from -€4,095 to -€6,596
- Other operating charges -€572
down €572 (-52.0%), from €1,101 to €529
- Financial income -€89
no longer reported in 2025 (was €89)
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 | €20,679 | €213,396 | +€192,718 | +932.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €20,679 | €213,396 | +€192,718 | +932.0% |
| Stocks and contracts in progress | 3 | - | €162,418 | +€162,418 | |
| Stocks | 30/36 | - | €162,418 | +€162,418 | |
| Amounts receivable within one year | 40/41 | €20,668 | €34,891 | +€14,223 | +68.8% |
| Trade receivables | 40 | €19,238 | €21,597 | +€2,358 | +12.3% |
| Other amounts receivable | 41 | €1,429 | €13,294 | +€11,865 | +830.0% |
| Cash at bank and in hand | 54/58 | €11 | €16,087 | +€16,076 | +147354.1% |
| Total equity and liabilities | 10/49 | €20,679 | €213,396 | +€192,718 | +932.0% |
| Equity | 10/15 | -€25,107 | -€35,118 | -€10,011 | -39.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,107 | -€38,118 | -€10,011 | -35.6% |
| Amounts payable | 17/49 | €45,785 | €248,514 | +€202,729 | +442.8% |
| Amounts payable after more than one year | 17 | €28,344 | €226,069 | +€197,725 | +697.6% |
| Financial debts | 170/4 | €28,344 | €226,069 | +€197,725 | +697.6% |
| Amounts payable within one year | 42/48 | €17,441 | €19,651 | +€2,209 | +12.7% |
| Trade debts | 44 | €7,047 | €19,651 | +€12,604 | +178.8% |
| Suppliers | 440/4 | €5,981 | €19,651 | +€13,669 | +228.5% |
| Bills of exchange payable | 441 | €1,066 | - | -€1,066 | |
| Other amounts payable | 47/48 | €10,394 | - | -€10,394 | |
| Accrued charges and deferred income | 492/3 | - | €2,795 | +€2,795 | |
| Other operating charges | 640/8 | €1,101 | €529 | -€572 | -52.0% |
| Non-recurring operating charges | 66A | €5,223 | - | -€5,223 | |
| Gross operating margin | 9900 | -€4,095 | -€6,596 | -€2,501 | -61.1% |
| Operating profit (loss) | 9901 | -€10,419 | -€7,125 | +€3,294 | +31.6% |
| Financial income | 75/76B | €89 | - | -€89 | |
| Recurring financial income | 75 | €89 | - | -€89 | |
| Financial charges | 65/66B | €296 | €2,886 | +€2,590 | +874.5% |
| Recurring financial charges | 65 | €296 | €2,886 | +€2,590 | +874.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,626 | -€10,011 | +€615 | +5.8% |
| Profit (loss) for the period | 9904 | -€10,626 | -€10,011 | +€615 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,626 | -€10,011 | +€615 | +5.8% |
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 9 October 2026 via checked.be.