ARRT: 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.
ARRT
Largest movements
- Cash +€143,294
up €143,294 (+546%), from €26,265 to €169,559
mainly Net result for the year (+€75,725) and Tax, wage and social debts (+€26,036)
- Receivables within one year -€20,167
down €20,167 (-59.8%), from €33,715 to €13,549
- Tangible fixed assets -€9,772
down €9,772 (-16.9%), from €57,925 to €48,153
of which Furniture and vehicles: -€11,905
- Reserves +€75,725
up €75,725 (+162%), from €46,879 to €122,604
- Tax, wage and social debts +€26,036
up €26,036 (+410%), from €6,347 to €32,382
- Other debts +€10,752
up €10,752 (+16.3%), from €65,859 to €76,611
- Gross operating margin +€54,024
up €54,024 (+81.9%), from €65,954 to €119,978
- Taxes +€17,161
up €17,161 (+144%), from €11,885 to €29,047
- Depreciation +€8,810
up €8,810 (+140%), from €6,303 to €15,113
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 | €121,360 | €232,967 | +€111,607 | +92.0% |
| Formation expenses | 20 | €1,804 | €0 | -€1,804 | -100% |
| Fixed assets | 21/28 | €57,925 | €48,153 | -€9,772 | -16.9% |
| Tangible fixed assets | 22/27 | €57,925 | €48,153 | -€9,772 | -16.9% |
| Plant, machinery and equipment | 23 | - | €2,133 | +€2,133 | |
| Furniture and vehicles | 24 | €57,925 | €46,020 | -€11,905 | -20.6% |
| Current assets | 29/58 | €61,630 | €184,814 | +€123,184 | +200% |
| Amounts receivable within one year | 40/41 | €33,715 | €13,549 | -€20,167 | -59.8% |
| Trade receivables | 40 | €33,715 | €13,549 | -€20,167 | -59.8% |
| Cash at bank and in hand | 54/58 | €26,265 | €169,559 | +€143,294 | +546% |
| Deferred charges and accrued income | 490/1 | €1,650 | €1,706 | +€56 | +3.4% |
| Total equity and liabilities | 10/49 | €121,360 | €232,967 | +€111,607 | +92.0% |
| Equity | 10/15 | €47,879 | €123,604 | +€75,725 | +158% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,879 | €122,604 | +€75,725 | +162% |
| Distributable reserves | 133 | €46,879 | €122,604 | +€75,725 | +162% |
| Amounts payable | 17/49 | €73,481 | €109,363 | +€35,882 | +48.8% |
| Amounts payable within one year | 42/48 | €73,481 | €109,363 | +€35,882 | +48.8% |
| Trade debts | 44 | €1,275 | €370 | -€906 | -71.0% |
| Suppliers | 440/4 | €1,275 | €370 | -€906 | -71.0% |
| Taxes, remuneration and social security | 45 | €6,347 | €32,382 | +€26,036 | +410% |
| Taxes | 450/3 | €6,347 | €32,382 | +€26,036 | +410% |
| Other amounts payable | 47/48 | €65,859 | €76,611 | +€10,752 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,303 | €15,113 | +€8,810 | +140% |
| Gross operating margin | 9900 | €65,954 | €119,978 | +€54,024 | +81.9% |
| Operating profit (loss) | 9901 | €59,651 | €104,865 | +€45,214 | +75.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €887 | €93 | -€793 | -89.5% |
| Recurring financial charges | 65 | €887 | €93 | -€793 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €58,764 | €104,772 | +€46,008 | +78.3% |
| Income taxes | 67/77 | €11,885 | €29,047 | +€17,161 | +144% |
| Profit (loss) for the period | 9904 | €46,879 | €75,725 | +€28,846 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,879 | €75,725 | +€28,846 | +61.5% |
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 18 October 2026 via checked.be.