ARKONA: 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.
ARKONA
Largest movements
- Cash +€4.6m
up €4.6m (+664.1%), from €697,990 to €5.3m
mainly Net result for the year (+€5.0m) and Other debts (+€37,500)
- Receivables within one year +€275,265
up €275,265 (+3020.5%), from €9,113 to €284,378
of which Other amounts receivable: +€205,275
- Current investments +€165,624
up €165,624 (+61.6%), from €268,815 to €434,439
- Profit (loss) carried forward +€5.0m
up €5.0m (+516.8%), from €975,569 to €6.0m
- Financial income +€5.0m
up €5.0m (+11395.6%), from €43,730 to €5.0m
- Gross operating margin +€63,467
up €63,467, from -€6,916 to €56,551
- Financial charges -€3,702
down €3,702 (-87.2%), from €4,247 to €545
- Depreciation +€2,295
up €2,295 (+36.9%), from €6,220 to €8,515
- Taxes -€1,082
down €1,082 (-14.6%), from €7,402 to €6,320
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 | €6,514,866 | €11,609,206 | +€5.1m | +78.2% |
| Fixed assets | 21/28 | €5,538,948 | €5,557,036 | +€18,088 | +0.3% |
| Tangible fixed assets | 22/27 | €38,948 | €57,036 | +€18,088 | +46.4% |
| Furniture and vehicles | 24 | €38,948 | €57,036 | +€18,088 | +46.4% |
| Financial fixed assets | 28 | €5,500,000 | €5,500,000 | = | 0.0% |
| Current assets | 29/58 | €975,918 | €6,052,170 | +€5.1m | +520.2% |
| Amounts receivable within one year | 40/41 | €9,113 | €284,378 | +€275,265 | +3020.5% |
| Trade receivables | 40 | €900 | €70,890 | +€69,990 | +7776.7% |
| Other amounts receivable | 41 | €8,213 | €213,488 | +€205,275 | +2499.3% |
| Current investments | 50/53 | €268,815 | €434,439 | +€165,624 | +61.6% |
| Cash at bank and in hand | 54/58 | €697,990 | €5,333,352 | +€4.6m | +664.1% |
| Total equity and liabilities | 10/49 | €6,514,866 | €11,609,206 | +€5.1m | +78.2% |
| Equity | 10/15 | €6,514,066 | €11,555,554 | +€5.0m | +77.4% |
| Contributions | 10/11 | €561,973 | €561,973 | = | 0.0% |
| Capital | 10 | €561,973 | €561,973 | = | 0.0% |
| Issued capital | 100 | €561,973 | €561,973 | = | 0.0% |
| Reserves | 13 | €4,976,524 | €4,976,524 | = | 0.0% |
| Non-distributable reserves | 130/1 | €202,979 | €202,979 | = | 0.0% |
| Legal reserve | 130 | €202,979 | €202,979 | = | 0.0% |
| Distributable reserves | 133 | €4,773,545 | €4,773,545 | = | 0.0% |
| Profit (loss) carried forward | 14 | €975,569 | €6,017,056 | +€5.0m | +516.8% |
| Amounts payable | 17/49 | €800 | €53,652 | +€52,852 | +6606.5% |
| Amounts payable within one year | 42/48 | - | €52,107 | +€52,107 | |
| Trade debts | 44 | - | €569 | +€569 | |
| Suppliers | 440/4 | - | €569 | +€569 | |
| Taxes, remuneration and social security | 45 | - | €14,039 | +€14,039 | |
| Taxes | 450/3 | - | €14,039 | +€14,039 | |
| Other amounts payable | 47/48 | - | €37,500 | +€37,500 | |
| Accrued charges and deferred income | 492/3 | €800 | €1,545 | +€745 | +93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,220 | €8,515 | +€2,295 | +36.9% |
| Other operating charges | 640/8 | €1,152 | €1,595 | +€443 | +38.4% |
| Non-recurring operating charges | 66A | - | €25,159 | +€25,159 | |
| Gross operating margin | 9900 | -€6,916 | €56,551 | +€63,467 | |
| Operating profit (loss) | 9901 | -€14,288 | €21,282 | +€35,570 | |
| Financial income | 75/76B | €43,730 | €5,027,070 | +€5.0m | +11395.6% |
| Recurring financial income | 75 | €43,730 | €5,027,070 | +€5.0m | +11395.6% |
| Financial charges | 65/66B | €4,247 | €545 | -€3,702 | -87.2% |
| Recurring financial charges | 65 | €4,247 | €545 | -€3,702 | -87.2% |
| Profit (loss) for the period before taxes | 9903 | €25,195 | €5,047,807 | +€5.0m | +19934.9% |
| Income taxes | 67/77 | €7,402 | €6,320 | -€1,082 | -14.6% |
| Profit (loss) for the period | 9904 | €17,793 | €5,041,487 | +€5.0m | +28234.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,793 | €5,041,487 | +€5.0m | +28234.0% |
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 5 October 2026 via checked.be.