ARKOS: 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.
ARKOS
Largest movements
- Deferred charges and accrued income -€48,873
down €48,873 (-29.1%), from €167,962 to €119,089
- Cash +€18,255
up €18,255 (+63.2%), from €28,900 to €47,155
mainly Deferred charges and accrued income (+€48,873) and Depreciation (+€29,673)
- Tangible fixed assets -€14,544
down €14,544 (-13.8%), from €105,693 to €91,149
of which Plant, machinery and equipment: -€10,693
- Trade debts -€27,976
down €27,976 (-63.1%), from €44,369 to €16,393
- Debts after one year -€11,807
down €11,807 (-79.7%), from €14,821 to €3,014
of which Financial debts: -€11,310
- Reserves -€4,182
down €4,182 (-1.7%), from €253,306 to €249,124
of which Distributable reserves: -€4,182
- Staff costs -€52,629
down €52,629 (-99.8%), from €52,710 to €81
- Gross operating margin -€42,137
down €42,137 (-57.7%), from €73,075 to €30,939
- Depreciation +€3,579
up €3,579 (+13.7%), from €26,095 to €29,673
- Taxes +€2,691
up €2,691 (+1412.6%), from €191 to €2,882
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 | €348,612 | €301,895 | -€46,717 | -13.4% |
| Fixed assets | 21/28 | €108,403 | €94,231 | -€14,172 | -13.1% |
| Tangible fixed assets | 22/27 | €105,693 | €91,149 | -€14,544 | -13.8% |
| Plant, machinery and equipment | 23 | €50,524 | €39,831 | -€10,693 | -21.2% |
| Furniture and vehicles | 24 | €55,169 | €51,318 | -€3,851 | -7.0% |
| Financial fixed assets | 28 | €2,711 | €3,083 | +€372 | +13.7% |
| Current assets | 29/58 | €240,209 | €207,663 | -€32,545 | -13.5% |
| Amounts receivable after more than one year | 29 | €29,413 | €29,295 | -€119 | -0.4% |
| Other amounts receivable | 291 | €29,413 | €29,295 | -€119 | -0.4% |
| Amounts receivable within one year | 40/41 | €13,933 | €12,125 | -€1,808 | -13.0% |
| Trade receivables | 40 | €3,208 | €2,773 | -€435 | -13.6% |
| Other amounts receivable | 41 | €10,725 | €9,352 | -€1,373 | -12.8% |
| Cash at bank and in hand | 54/58 | €28,900 | €47,155 | +€18,255 | +63.2% |
| Deferred charges and accrued income | 490/1 | €167,962 | €119,089 | -€48,873 | -29.1% |
| Total equity and liabilities | 10/49 | €348,612 | €301,895 | -€46,717 | -13.4% |
| Equity | 10/15 | €272,306 | €268,124 | -€4,182 | -1.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €253,306 | €249,124 | -€4,182 | -1.7% |
| Tax-exempt reserves | 132 | €432 | €432 | = | 0.0% |
| Distributable reserves | 133 | €252,875 | €248,693 | -€4,182 | -1.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €76,306 | €33,770 | -€42,535 | -55.7% |
| Amounts payable after more than one year | 17 | €14,821 | €3,014 | -€11,807 | -79.7% |
| Financial debts | 170/4 | €14,205 | €2,894 | -€11,310 | -79.6% |
| Other amounts payable | 178/9 | €616 | €120 | -€497 | -80.6% |
| Amounts payable within one year | 42/48 | €61,485 | €30,756 | -€30,728 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €12,373 | €11,310 | -€1,063 | -8.6% |
| Trade debts | 44 | €44,369 | €16,393 | -€27,976 | -63.1% |
| Suppliers | 440/4 | €44,369 | €16,393 | -€27,976 | -63.1% |
| Taxes, remuneration and social security | 45 | €4,743 | €3,053 | -€1,689 | -35.6% |
| Taxes | 450/3 | €3,690 | €3,053 | -€636 | -17.2% |
| Remuneration and social security | 454/9 | €1,053 | €0 | -€1,053 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €52,710 | €81 | -€52,629 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,095 | €29,673 | +€3,579 | +13.7% |
| Other operating charges | 640/8 | €1,940 | €1,560 | -€380 | -19.6% |
| Gross operating margin | 9900 | €73,075 | €30,939 | -€42,137 | -57.7% |
| Operating profit (loss) | 9901 | -€7,669 | -€376 | +€7,294 | +95.1% |
| Financial income | 75/76B | €119 | €106 | -€12 | -10.3% |
| Recurring financial income | 75 | €119 | €106 | -€12 | -10.3% |
| Financial charges | 65/66B | €1,622 | €1,031 | -€591 | -36.4% |
| Recurring financial charges | 65 | €1,622 | €1,031 | -€591 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,172 | -€1,300 | +€7,872 | +85.8% |
| Income taxes | 67/77 | €191 | €2,882 | +€2,691 | +1412.6% |
| Profit (loss) for the period | 9904 | -€9,363 | -€4,182 | +€5,181 | +55.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,363 | -€4,182 | +€5,181 | +55.3% |
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 28 September 2026 via checked.be.