ARCK: 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.
ARCK
Largest movements
- Tangible fixed assets +€43,015
up €43,015 (+253%), from €16,988 to €60,002
of which Leasing and similar rights: +€42,595
- Cash +€7,038
up €7,038 (+10.0%), from €70,460 to €77,498
mainly Debts after one year (+€24,593) and Depreciation (+€15,643)
- Receivables within one year +€2,299
up €2,299 (+16.2%), from €14,163 to €16,462
of which Trade receivables: +€1,419
- Debts after one year +€24,593
new in 2025: €24,593
- Other debts +€12,720
up €12,720 (+463%), from €2,747 to €15,466
- Current portion of long-term debt +€10,366
new in 2025: €10,366
- Profit (loss) carried forward +€2,530
up €2,530 (+4.9%), from €51,497 to €54,027
- Gross operating margin +€20,201
up €20,201 (+128%), from €15,786 to €35,987
- Depreciation +€7,863
up €7,863 (+101%), from €7,779 to €15,643
- Other operating charges +€1,690
up €1,690 (+183%), from €922 to €2,612
- Taxes +€1,226
up €1,226 (+41.3%), from €2,972 to €4,198
- Financial charges +€1,131
up €1,131 (+838%), from €135 to €1,266
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 | €103,385 | €154,915 | +€51,529 | +49.8% |
| Fixed assets | 21/28 | €17,638 | €60,487 | +€42,850 | +243% |
| Intangible fixed assets | 21 | €535 | €370 | -€165 | -30.8% |
| Tangible fixed assets | 22/27 | €16,988 | €60,002 | +€43,015 | +253% |
| Plant, machinery and equipment | 23 | €1,581 | €5,329 | +€3,747 | +237% |
| Furniture and vehicles | 24 | €15,406 | €12,079 | -€3,327 | -21.6% |
| Leasing and similar rights | 25 | - | €42,595 | +€42,595 | |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €85,748 | €94,427 | +€8,679 | +10.1% |
| Amounts receivable within one year | 40/41 | €14,163 | €16,462 | +€2,299 | +16.2% |
| Trade receivables | 40 | €12,065 | €13,484 | +€1,419 | +11.8% |
| Other amounts receivable | 41 | €2,098 | €2,979 | +€881 | +42.0% |
| Cash at bank and in hand | 54/58 | €70,460 | €77,498 | +€7,038 | +10.0% |
| Deferred charges and accrued income | 490/1 | €1,125 | €467 | -€658 | -58.5% |
| Total equity and liabilities | 10/49 | €103,385 | €154,915 | +€51,529 | +49.8% |
| Equity | 10/15 | €93,557 | €96,087 | +€2,530 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,860 | €35,860 | = | 0.0% |
| Distributable reserves | 133 | €35,860 | €35,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,497 | €54,027 | +€2,530 | +4.9% |
| Amounts payable | 17/49 | €9,828 | €58,828 | +€49,000 | +499% |
| Amounts payable after more than one year | 17 | - | €24,593 | +€24,593 | |
| Financial debts | 170/4 | - | €24,593 | +€24,593 | |
| Amounts payable within one year | 42/48 | €9,765 | €34,188 | +€24,423 | +250% |
| Current portion of amounts payable after more than one year | 42 | - | €10,366 | +€10,366 | |
| Trade debts | 44 | €856 | €1,070 | +€215 | +25.1% |
| Suppliers | 440/4 | €856 | €1,070 | +€215 | +25.1% |
| Taxes, remuneration and social security | 45 | €6,162 | €7,285 | +€1,123 | +18.2% |
| Taxes | 450/3 | €6,162 | €7,285 | +€1,123 | +18.2% |
| Other amounts payable | 47/48 | €2,747 | €15,466 | +€12,720 | +463% |
| Accrued charges and deferred income | 492/3 | €63 | €47 | -€17 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,779 | €15,643 | +€7,863 | +101% |
| Other operating charges | 640/8 | €922 | €2,612 | +€1,690 | +183% |
| Gross operating margin | 9900 | €15,786 | €35,987 | +€20,201 | +128% |
| Operating profit (loss) | 9901 | €7,084 | €17,732 | +€10,648 | +150% |
| Financial income | 75/76B | €270 | €262 | -€9 | -3.2% |
| Recurring financial income | 75 | €270 | €262 | -€9 | -3.2% |
| Financial charges | 65/66B | €135 | €1,266 | +€1,131 | +838% |
| Recurring financial charges | 65 | €135 | €1,266 | +€1,131 | +838% |
| Profit (loss) for the period before taxes | 9903 | €7,220 | €16,728 | +€9,508 | +132% |
| Income taxes | 67/77 | €2,972 | €4,198 | +€1,226 | +41.3% |
| Profit (loss) for the period | 9904 | €4,248 | €12,530 | +€8,282 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €4,248 | €12,530 | +€8,282 | +195% |
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 23 October 2026 via checked.be.