ARKTEIA: 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.
ARKTEIA
Largest movements
- Tangible fixed assets -€282,285
down €282,285 (-66.6%), from €423,841 to €141,556
of which Land and buildings: -€262,558
- Cash -€32,731
down €32,731 (-80.9%), from €40,476 to €7,745
mainly Contributions, distributions and other (-€450,000) and Net result for the year (-€5,596)
- Receivables within one year -€15,034
down €15,034 (-100.0%), from €15,034 to €0
- Contributions -€409,500
down €409,500 (-91.0%), from €450,000 to €40,500
- Other debts +€125,598
new in 2025: €125,598
- Reserves -€40,500
down €40,500 (-90.0%), from €45,000 to €4,500
- Profit (loss) carried forward -€5,596
down €5,596 (-38.6%), from -€14,503 to -€20,099
- Depreciation -€12,397
down €12,397 (-81.3%), from €15,252 to €2,856
- Gross operating margin +€5,065
up €5,065 (+98.3%), from -€5,153 to -€88
- Taxes +€2,250
up €2,250, from -€2,250 to €0
- Other operating charges +€328
up €328 (+14.3%), from €2,283 to €2,611
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 | €480,497 | €150,509 | -€329,989 | -68.7% |
| Fixed assets | 21/28 | €423,841 | €141,556 | -€282,285 | -66.6% |
| Tangible fixed assets | 22/27 | €423,841 | €141,556 | -€282,285 | -66.6% |
| Land and buildings | 22 | €404,114 | €141,556 | -€262,558 | -65.0% |
| Plant, machinery and equipment | 23 | €19,727 | €0 | -€19,727 | -100.0% |
| Current assets | 29/58 | €56,656 | €8,952 | -€47,704 | -84.2% |
| Amounts receivable within one year | 40/41 | €15,034 | €0 | -€15,034 | -100.0% |
| Other amounts receivable | 41 | €15,034 | €0 | -€15,034 | -100.0% |
| Cash at bank and in hand | 54/58 | €40,476 | €7,745 | -€32,731 | -80.9% |
| Deferred charges and accrued income | 490/1 | €1,146 | €1,207 | +€61 | +5.3% |
| Total equity and liabilities | 10/49 | €480,497 | €150,509 | -€329,989 | -68.7% |
| Equity | 10/15 | €480,497 | €24,901 | -€455,596 | -94.8% |
| Contributions | 10/11 | €450,000 | €40,500 | -€409,500 | -91.0% |
| Capital | 10 | €450,000 | - | -€450,000 | |
| Issued capital | 100 | €450,000 | - | -€450,000 | |
| Reserves | 13 | €45,000 | €4,500 | -€40,500 | -90.0% |
| Non-distributable reserves | 130/1 | €45,000 | €4,500 | -€40,500 | -90.0% |
| Legal reserve | 130 | €45,000 | - | -€45,000 | |
| Reserves not available under the articles | 1311 | - | €4,500 | +€4,500 | |
| Profit (loss) carried forward | 14 | -€14,503 | -€20,099 | -€5,596 | -38.6% |
| Amounts payable | 17/49 | - | €125,608 | +€125,608 | |
| Amounts payable within one year | 42/48 | - | €125,608 | +€125,608 | |
| Trade debts | 44 | - | €10 | +€10 | |
| Suppliers | 440/4 | - | €10 | +€10 | |
| Other amounts payable | 47/48 | - | €125,598 | +€125,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,252 | €2,856 | -€12,397 | -81.3% |
| Other operating charges | 640/8 | €2,283 | €2,611 | +€328 | +14.3% |
| Gross operating margin | 9900 | -€5,153 | -€88 | +€5,065 | +98.3% |
| Operating profit (loss) | 9901 | -€22,688 | -€5,554 | +€17,134 | +75.5% |
| Financial income | 75/76B | €0 | €12 | +€12 | +14850.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +3650.0% |
| Non-recurring financial income | 76B | - | €9 | +€9 | |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,742 | -€5,596 | +€17,146 | +75.4% |
| Income taxes | 67/77 | -€2,250 | €0 | +€2,250 | |
| Profit (loss) for the period | 9904 | -€20,492 | -€5,596 | +€14,896 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,492 | -€5,596 | +€14,896 | +72.7% |
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 2 October 2026 via checked.be.