ARKOSE BELGIUM: what changed
ARKOSE BELGIUM
Largest movements
- Tangible fixed assets -€366,907
down €366,907 (-15.7%), from €2.3m to €2.0m
- Receivables within one year -€121,673
down €121,673 (-62.1%), from €195,966 to €74,293
of which Other amounts receivable: -€67,772
- Cash +€52,147
up €52,147 (+48.7%), from €107,026 to €159,173
mainly Debts after one year (+€629,208) and Depreciation (+€302,500)
- Intangible fixed assets -€36,376
down €36,376 (-63.2%), from €57,578 to €21,202
- Stocks and contracts -€29,856
down €29,856 (-25.8%), from €115,633 to €85,777
- Profit (loss) carried forward -€841,244
down €841,244 (-41.1%), from -€2.0m to -€2.9m
- Debts after one year +€629,208
up €629,208 (+15.8%), from €4.0m to €4.6m
- Trade debts -€357,181
down €357,181 (-64.0%), from €558,186 to €201,006
- Tax, wage and social debts +€59,816
up €59,816 (+84.2%), from €71,069 to €130,885
of which Remuneration and social security: +€63,082
- Gross operating margin -€422,597
down €422,597 (-71.7%), from €589,561 to €166,964
- Staff costs -€177,017
down €177,017 (-24.8%), from €714,952 to €537,935
- Financial charges +€16,878
up €16,878 (+18.1%), from €93,098 to €109,977
- Write-downs +€16,689
up €16,689 (+42.7%), from €39,123 to €55,812
- Other operating charges +€13,659
up €13,659 (+243%), from €5,626 to €19,285
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,852,233 | €2,351,162 | -€501,071 | -17.6% |
| Fixed assets | 21/28 | €2,401,333 | €2,001,284 | -€400,049 | -16.7% |
| Intangible fixed assets | 21 | €57,578 | €21,202 | -€36,376 | -63.2% |
| Tangible fixed assets | 22/27 | €2,336,518 | €1,969,611 | -€366,907 | -15.7% |
| Furniture and vehicles | 24 | €395,364 | €304,936 | -€90,428 | -22.9% |
| Other tangible fixed assets | 26 | €1,107,594 | €938,686 | -€168,908 | -15.2% |
| Assets under construction and advance payments | 27 | €833,560 | €725,989 | -€107,571 | -12.9% |
| Financial fixed assets | 28 | €7,237 | €10,471 | +€3,233 | +44.7% |
| Current assets | 29/58 | €450,900 | €349,878 | -€101,022 | -22.4% |
| Stocks and contracts in progress | 3 | €115,633 | €85,777 | -€29,856 | -25.8% |
| Stocks | 30/36 | €115,633 | €85,777 | -€29,856 | -25.8% |
| Amounts receivable within one year | 40/41 | €195,966 | €74,293 | -€121,673 | -62.1% |
| Trade receivables | 40 | €119,992 | €66,091 | -€53,901 | -44.9% |
| Other amounts receivable | 41 | €75,974 | €8,202 | -€67,772 | -89.2% |
| Cash at bank and in hand | 54/58 | €107,026 | €159,173 | +€52,147 | +48.7% |
| Deferred charges and accrued income | 490/1 | €32,276 | €30,635 | -€1,641 | -5.1% |
| Total equity and liabilities | 10/49 | €2,852,233 | €2,351,162 | -€501,071 | -17.6% |
| Equity | 10/15 | -€1,933,636 | -€2,791,857 | -€858,221 | -44.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,047,030 | -€2,888,274 | -€841,244 | -41.1% |
| Investment grants | 15 | €94,845 | €77,867 | -€16,977 | -17.9% |
| Amounts payable | 17/49 | €4,785,869 | €5,143,019 | +€357,150 | +7.5% |
| Amounts payable after more than one year | 17 | €3,980,508 | €4,609,716 | +€629,208 | +15.8% |
| Financial debts | 170/4 | €3,980,508 | €4,609,716 | +€629,208 | +15.8% |
| Amounts payable within one year | 42/48 | €629,256 | €331,891 | -€297,365 | -47.3% |
| Trade debts | 44 | €558,186 | €201,006 | -€357,181 | -64.0% |
| Suppliers | 440/4 | €558,186 | €201,006 | -€357,181 | -64.0% |
| Taxes, remuneration and social security | 45 | €71,069 | €130,885 | +€59,816 | +84.2% |
| Taxes | 450/3 | €4,253 | €987 | -€3,266 | -76.8% |
| Remuneration and social security | 454/9 | €66,816 | €129,898 | +€63,082 | +94.4% |
| Accrued charges and deferred income | 492/3 | €176,105 | €201,412 | +€25,307 | +14.4% |
| Remuneration, social security and pensions | 62 | €714,952 | €537,935 | -€177,017 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300,390 | €302,500 | +€2,110 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,123 | €55,812 | +€16,689 | +42.7% |
| Other operating charges | 640/8 | €5,626 | €19,285 | +€13,659 | +243% |
| Gross operating margin | 9900 | €589,561 | €166,964 | -€422,597 | -71.7% |
| Operating profit (loss) | 9901 | -€470,530 | -€748,568 | -€278,038 | -59.1% |
| Financial income | 75/76B | €17,015 | €17,301 | +€285 | +1.7% |
| Recurring financial income | 75 | €17,015 | €17,301 | +€285 | +1.7% |
| Financial charges | 65/66B | €93,098 | €109,977 | +€16,878 | +18.1% |
| Recurring financial charges | 65 | €93,098 | €109,977 | +€16,878 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€546,613 | -€841,244 | -€294,631 | -53.9% |
| Profit (loss) for the period | 9904 | -€546,613 | -€841,244 | -€294,631 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€546,613 | -€841,244 | -€294,631 | -53.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.