DE ARK: 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.
DE ARK
Largest movements
- Cash -€48,160
down €48,160 (-21.0%), from €229,556 to €181,396
mainly Net result for the year (-€74,085) and Other debts (-€11,955)
- Tangible fixed assets -€28,946
down €28,946 (-5.2%), from €561,373 to €532,428
of which Land and buildings: -€28,798
- Receivables within one year -€11,054
down €11,054 (-17.3%), from €63,768 to €52,714
of which Trade receivables: -€12,428
- Profit (loss) carried forward -€74,085
down €74,085 (-41.1%), from -€180,056 to -€254,141
- Other debts -€11,955
down €11,955 (-27.5%), from €43,476 to €31,521
- Advances received +€9,700
up €9,700 (+12.0%), from €81,000 to €90,700
- Gross operating margin -€45,796
down €45,796 (-41.4%), from €110,749 to €64,953
- Staff costs +€5,058
up €5,058 (+5.1%), from €100,074 to €105,132
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.
Derived cash bridge
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 | €868,651 | €780,605 | -€88,046 | -10.1% |
| Fixed assets | 21/28 | €566,113 | €537,168 | -€28,946 | -5.1% |
| Tangible fixed assets | 22/27 | €561,373 | €532,428 | -€28,946 | -5.2% |
| Land and buildings | 22 | €560,677 | €531,879 | -€28,798 | -5.1% |
| Furniture and vehicles | 24 | €696 | €548 | -€148 | -21.2% |
| Financial fixed assets | 28 | €4,740 | €4,740 | = | 0.0% |
| Current assets | 29/58 | €302,538 | €243,438 | -€59,100 | -19.5% |
| Amounts receivable within one year | 40/41 | €63,768 | €52,714 | -€11,054 | -17.3% |
| Trade receivables | 40 | €48,498 | €36,071 | -€12,428 | -25.6% |
| Other amounts receivable | 41 | €15,270 | €16,644 | +€1,374 | +9.0% |
| Cash at bank and in hand | 54/58 | €229,556 | €181,396 | -€48,160 | -21.0% |
| Deferred charges and accrued income | 490/1 | €9,214 | €9,327 | +€114 | +1.2% |
| Total equity and liabilities | 10/49 | €868,651 | €780,605 | -€88,046 | -10.1% |
| Equity | 10/15 | -€97,556 | -€171,641 | -€74,085 | -75.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,056 | -€254,141 | -€74,085 | -41.1% |
| Amounts payable | 17/49 | €966,208 | €952,246 | -€13,961 | -1.4% |
| Amounts payable after more than one year | 17 | €800,000 | €800,000 | = | 0.0% |
| Financial debts | 170/4 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €166,014 | €152,246 | -€13,768 | -8.3% |
| Trade debts | 44 | €13,459 | €7,969 | -€5,490 | -40.8% |
| Suppliers | 440/4 | €13,459 | €7,969 | -€5,490 | -40.8% |
| Advances received on contracts in progress | 46 | €81,000 | €90,700 | +€9,700 | +12.0% |
| Taxes, remuneration and social security | 45 | €28,079 | €22,057 | -€6,022 | -21.4% |
| Taxes | 450/3 | €8,710 | €9,770 | +€1,060 | +12.2% |
| Remuneration and social security | 454/9 | €19,369 | €12,286 | -€7,082 | -36.6% |
| Other amounts payable | 47/48 | €43,476 | €31,521 | -€11,955 | -27.5% |
| Accrued charges and deferred income | 492/3 | €193 | €0 | -€193 | -100.0% |
| Remuneration, social security and pensions | 62 | €100,074 | €105,132 | +€5,058 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,841 | €28,946 | +€105 | +0.4% |
| Other operating charges | 640/8 | €4,768 | €4,343 | -€424 | -8.9% |
| Gross operating margin | 9900 | €110,749 | €64,953 | -€45,796 | -41.4% |
| Operating profit (loss) | 9901 | -€22,933 | -€73,468 | -€50,535 | -220% |
| Financial income | 75/76B | €1 | €0 | -€0 | -45.3% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -45.3% |
| Financial charges | 65/66B | €75 | €76 | +€1 | +1.5% |
| Recurring financial charges | 65 | €75 | €76 | +€1 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,007 | -€73,544 | -€50,536 | -220% |
| Income taxes | 67/77 | €522 | €541 | +€19 | +3.7% |
| Profit (loss) for the period | 9904 | -€23,529 | -€74,085 | -€50,556 | -215% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,529 | -€74,085 | -€50,556 | -215% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.