DE ARK: what changed
What changed
DE ARK
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€494,437
2024 · €3.0m-€2.5m
Equity
€7.5m
2024 · €7.0m+€494,437
Cash
€95,401
2024 · €628,982-€533,581
Balance sheet total
€9.9m
2024 · €10.8m-€989,321
Largest movements
Assets
- Cash -€533,581
down €533,581 (-84.8%), from €628,982 to €95,401
mainly Debts after one year (-€862,597) and Short-term financial debts (-€600,000)
- Receivables within one year -€435,201
down €435,201 (-95.2%), from €457,297 to €22,096
of which Other amounts receivable: -€435,091
Equity and liabilities
- Debts after one year -€862,597
down €862,597 (-36.1%), from €2.4m to €1.5m
- Short-term financial debts -€600,000
no longer reported in 2025 (was €600,000)
- Reserves +€494,437
up €494,437 (+7.1%), from €7.0m to €7.5m
Income statement
- Financial income -€2.5m
down €2.5m (-80.7%), from €3.1m to €600,000
- Financial charges -€65,172
down €65,172 (-42.8%), from €152,100 to €86,928
- Gross operating margin -€16,367
down €16,367 (-32.6%), from €50,234 to €33,867
- Depreciation +€3,171
up €3,171 (+7.6%), from €41,975 to €45,146
- Staff costs +€776
up €776 (+20.3%), from €3,829 to €4,605
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.
Result 2024
€3.0m
Gross operating margin
-€16,367
Staff costs
-€776
Depreciation
-€3,171
Other operating charges
+€209
Financial income
-€2.5m
Financial charges
+€65,172
Taxes
+€51
Result 2025
€494,437
raises the resultlowers the result
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.
From operations
+€953,320
Investment
-€24,607
Financing
-€1.5m
Cash 2024
€628,982
From operations (derived)
+€953,320
Net result for the year
+€494,437
Depreciation
+€45,146
Receivables within one year
+€435,201
Smaller working-capital items
+€1,475
Other debts
-€3,046
Accrued charges and deferred income
-€19,893
Investment (derived)
-€24,607
Investment in fixed assets (net)
-€24,607
Financing
-€1.5m
Debts after one year
-€862,597
Current portion of long-term debt
+€303
Short-term financial debts
-€600,000
Cash 2025
€95,401
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,846,042 | €9,856,722 | -€989,321 | -9.1% |
| Fixed assets | 21/28 | €9,759,763 | €9,739,225 | -€20,539 | -0.2% |
| Tangible fixed assets | 22/27 | €394,882 | €374,344 | -€20,539 | -5.2% |
| Land and buildings | 22 | €305,833 | €288,042 | -€17,790 | -5.8% |
| Plant, machinery and equipment | 23 | €8,545 | €5,647 | -€2,898 | -33.9% |
| Furniture and vehicles | 24 | €80,504 | €80,655 | +€150 | +0.2% |
| Financial fixed assets | 28 | €9,364,881 | €9,364,881 | = | 0.0% |
| Current assets | 29/58 | €1,086,279 | €117,497 | -€968,782 | -89.2% |
| Amounts receivable within one year | 40/41 | €457,297 | €22,096 | -€435,201 | -95.2% |
| Trade receivables | 40 | €110 | - | -€110 | |
| Other amounts receivable | 41 | €457,187 | €22,096 | -€435,091 | -95.2% |
| Cash at bank and in hand | 54/58 | €628,982 | €95,401 | -€533,581 | -84.8% |
| Total equity and liabilities | 10/49 | €10,846,042 | €9,856,722 | -€989,321 | -9.1% |
| Equity | 10/15 | €7,016,784 | €7,511,221 | +€494,437 | +7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €6,996,784 | €7,491,221 | +€494,437 | +7.1% |
| Distributable reserves | 133 | €6,996,784 | €7,491,221 | +€494,437 | +7.1% |
| Amounts payable | 17/49 | €3,829,258 | €2,345,501 | -€1.5m | -38.7% |
| Amounts payable after more than one year | 17 | €2,387,089 | €1,524,492 | -€862,597 | -36.1% |
| Financial debts | 170/4 | €2,387,089 | €1,524,492 | -€862,597 | -36.1% |
| Amounts payable within one year | 42/48 | €1,422,276 | €821,008 | -€601,268 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €812,294 | €812,597 | +€303 | 0.0% |
| Financial debts | 43 | €600,000 | - | -€600,000 | |
| Other loans | 439 | €600,000 | - | -€600,000 | |
| Trade debts | 44 | €671 | €2,186 | +€1,515 | +226% |
| Suppliers | 440/4 | €671 | €2,186 | +€1,515 | +226% |
| Taxes, remuneration and social security | 45 | €6,265 | €6,226 | -€40 | -0.6% |
| Remuneration and social security | 454/9 | €6,265 | €6,226 | -€40 | -0.6% |
| Other amounts payable | 47/48 | €3,046 | - | -€3,046 | |
| Accrued charges and deferred income | 492/3 | €19,893 | - | -€19,893 | |
| Remuneration, social security and pensions | 62 | €3,829 | €4,605 | +€776 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,975 | €45,146 | +€3,171 | +7.6% |
| Other operating charges | 640/8 | €2,810 | €2,601 | -€209 | -7.4% |
| Gross operating margin | 9900 | €50,234 | €33,867 | -€16,367 | -32.6% |
| Operating profit (loss) | 9901 | €1,620 | -€18,485 | -€20,105 | |
| Financial income | 75/76B | €3,105,350 | €600,000 | -€2.5m | -80.7% |
| Recurring financial income | 75 | €3,105,350 | €600,000 | -€2.5m | -80.7% |
| Financial charges | 65/66B | €152,100 | €86,928 | -€65,172 | -42.8% |
| Recurring financial charges | 65 | €152,100 | €86,928 | -€65,172 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €2,954,870 | €494,587 | -€2.5m | -83.3% |
| Income taxes | 67/77 | €201 | €151 | -€51 | -25.2% |
| Profit (loss) for the period | 9904 | €2,954,669 | €494,437 | -€2.5m | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,954,669 | €494,437 | -€2.5m | -83.3% |
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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.