ARKOVA: 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.
What changed
ARKOVA
NACE 01.461, Pig breeding farms
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €7.1m-€5.1m
Equity
€10.8m
2024 · €8.7m+€2.1m
Cash
€149,520
2024 · €7,064+€142,456
Balance sheet total
€23.9m
2024 · €22.8m+€1.1m
Largest movements
Assets
- Stocks and contracts +€2.6m
up €2.6m (+18.5%), from €14.1m to €16.7m
- Receivables within one year -€1.4m
down €1.4m (-26.2%), from €5.3m to €3.9m
of which Trade receivables: -€1.5m
Equity and liabilities
- Profit (loss) carried forward +€2.1m
up €2.1m (+1969.1%), from €106,517 to €2.2m
- Trade debts -€1.5m
down €1.5m (-13.0%), from €11.8m to €10.3m
- Other debts +€501,198
up €501,198 (+131.6%), from €380,836 to €882,034
Income statement
- Turnover -€25.3m
down €25.3m (-24.5%), from €103.3m to €78.0m
- Goods and materials -€17.3m
down €17.3m (-21.6%), from €80.0m to €62.8m
of which Purchases: -€17.2m
- Services and other goods +€1.5m
up €1.5m (+13.9%), from €11.1m to €12.6m
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
€7.1m
Turnover
-€25.3m
Other operating income
-€111,317
Goods and materials
+€17.3m
Services and other goods
-€1.5m
Staff costs
-€83,484
Depreciation
+€43,096
Write-downs
-€422,946
Other operating charges
+€10,411
Other operating items
+€4.3m
Financial income
-€465
Financial charges
+€10,415
Taxes
+€759,483
Result 2025
€2.1m
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
+€411,073
Investment
-€268,617
Financing
€0
Cash 2024
€7,064
From operations (derived)
+€411,073
Net result for the year
+€2.1m
Depreciation
+€473,155
Stocks and contracts
-€2.6m
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€38,322
Trade debts
-€1.5m
Tax, wage and social debts
-€12,642
Other debts
+€501,198
Accrued charges and deferred income
+€64,929
Investment (derived)
-€268,617
Investment in fixed assets (net)
-€268,617
Cash 2025
€149,520
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,788,358 | €23,903,377 | +€1.1m | +4.9% |
| Fixed assets | 21/28 | €3,238,277 | €3,033,738 | -€204,538 | -6.3% |
| Tangible fixed assets | 22/27 | €3,237,617 | €3,032,879 | -€204,738 | -6.3% |
| Land and buildings | 22 | €713,390 | €648,205 | -€65,186 | -9.1% |
| Plant, machinery and equipment | 23 | €1,239,176 | €1,103,414 | -€135,763 | -11.0% |
| Other tangible fixed assets | 26 | €1,285,050 | €1,281,260 | -€3,790 | -0.3% |
| Financial fixed assets | 28 | €659 | €859 | +€200 | +30.3% |
| Other financial fixed assets | 284/8 | €659 | €859 | +€200 | +30.3% |
| Amounts receivable and cash guarantees | 285/8 | €659 | €859 | +€200 | +30.3% |
| Current assets | 29/58 | €19,550,081 | €20,869,639 | +€1.3m | +6.7% |
| Stocks and contracts in progress | 3 | €14,117,883 | €16,729,680 | +€2.6m | +18.5% |
| Stocks | 30/36 | €14,117,883 | €16,729,680 | +€2.6m | +18.5% |
| Raw materials and consumables | 30/31 | €291,478 | €339,166 | +€47,688 | +16.4% |
| Work in progress | 32 | €13,826,404 | €16,390,514 | +€2.6m | +18.5% |
| Amounts receivable within one year | 40/41 | €5,329,375 | €3,933,003 | -€1.4m | -26.2% |
| Trade receivables | 40 | €5,100,256 | €3,585,507 | -€1.5m | -29.7% |
| Other amounts receivable | 41 | €229,119 | €347,495 | +€118,376 | +51.7% |
| Cash at bank and in hand | 54/58 | €7,064 | €149,520 | +€142,456 | +2016.5% |
| Deferred charges and accrued income | 490/1 | €95,759 | €57,437 | -€38,322 | -40.0% |
| Total equity and liabilities | 10/49 | €22,788,358 | €23,903,377 | +€1.1m | +4.9% |
| Equity | 10/15 | €8,708,134 | €10,805,587 | +€2.1m | +24.1% |
| Contributions | 10/11 | €4,589,245 | €4,589,245 | = | 0.0% |
| Capital | 10 | €4,589,245 | €4,589,245 | = | 0.0% |
| Issued capital | 100 | €4,589,245 | €4,589,245 | = | 0.0% |
| Reserves | 13 | €4,012,371 | €4,012,371 | = | 0.0% |
| Non-distributable reserves | 130/1 | €458,925 | €458,925 | = | 0.0% |
| Legal reserve | 130 | €458,925 | €458,925 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,553,447 | €3,553,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,517 | €2,203,971 | +€2.1m | +1969.1% |
| Amounts payable | 17/49 | €14,080,224 | €13,097,790 | -€982,434 | -7.0% |
| Amounts payable within one year | 42/48 | €12,579,885 | €11,532,522 | -€1.0m | -8.3% |
| Trade debts | 44 | €11,789,879 | €10,253,960 | -€1.5m | -13.0% |
| Suppliers | 440/4 | €11,789,879 | €10,253,960 | -€1.5m | -13.0% |
| Taxes, remuneration and social security | 45 | €409,170 | €396,528 | -€12,642 | -3.1% |
| Taxes | 450/3 | €18,298 | €18,963 | +€665 | +3.6% |
| Remuneration and social security | 454/9 | €390,872 | €377,565 | -€13,306 | -3.4% |
| Other amounts payable | 47/48 | €380,836 | €882,034 | +€501,198 | +131.6% |
| Accrued charges and deferred income | 492/3 | €1,500,339 | €1,565,268 | +€64,929 | +4.3% |
| Operating income | 70/76A | €102,499,941 | €81,383,705 | -€21.1m | -20.6% |
| Turnover | 70 | €103,271,468 | €77,976,454 | -€25.3m | -24.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,098,372 | €3,189,552 | +€4.3m | |
| Other operating income | 74 | €320,074 | €208,756 | -€111,317 | -34.8% |
| Non-recurring operating income | 76A | €6,772 | €8,942 | +€2,170 | +32.0% |
| Operating charges | 60/66A | €94,241,453 | €78,946,923 | -€15.3m | -16.2% |
| Goods for resale, raw materials and consumables | 60 | €80,042,962 | €62,756,139 | -€17.3m | -21.6% |
| Purchases | 600/8 | €80,011,693 | €62,803,826 | -€17.2m | -21.5% |
| Change in stocks: decrease (increase) | 609 | €31,270 | -€47,688 | -€78,957 | |
| Services and other goods | 61 | €11,078,109 | €12,617,481 | +€1.5m | +13.9% |
| Remuneration, social security and pensions | 62 | €2,253,351 | €2,336,835 | +€83,484 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €516,251 | €473,155 | -€43,096 | -8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €205,250 | €628,196 | +€422,946 | +206.1% |
| Other operating charges | 640/8 | €145,529 | €135,118 | -€10,411 | -7.2% |
| Operating profit (loss) | 9901 | €8,258,488 | €2,436,782 | -€5.8m | -70.5% |
| Financial income | 75/76B | €11,545 | €11,080 | -€465 | -4.0% |
| Recurring financial income | 75 | €11,545 | €11,080 | -€465 | -4.0% |
| Income from current assets | 751 | €10,803 | €9,607 | -€1,196 | -11.1% |
| Other financial income | 752/9 | €742 | €1,473 | +€732 | +98.7% |
| Financial charges | 65/66B | €17,925 | €7,509 | -€10,415 | -58.1% |
| Recurring financial charges | 65 | €17,925 | €7,509 | -€10,415 | -58.1% |
| Debt charges | 650 | €15,429 | €5,780 | -€9,649 | -62.5% |
| Other financial charges | 652/9 | €2,495 | €1,729 | -€766 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €8,252,108 | €2,440,352 | -€5.8m | -70.4% |
| Income taxes | 67/77 | €1,102,382 | €342,899 | -€759,483 | -68.9% |
| Taxes | 670/3 | €1,102,382 | €342,899 | -€759,483 | -68.9% |
| Profit (loss) for the period | 9904 | €7,149,727 | €2,097,453 | -€5.1m | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,149,727 | €2,097,453 | -€5.1m | -70.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.