Arrto: 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.
Arrto
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€142,737
down €142,737 (-61.9%), from €230,625 to €87,888
mainly Current investments (-€250,000) and Investment in fixed assets (net) (-€8,867)
- Tangible fixed assets -€41,767
down €41,767 (-7.1%), from €592,246 to €550,479
of which Land and buildings: -€43,026
- Reserves +€55,324
up €55,324 (+7.3%), from €755,165 to €810,489
of which Distributable reserves: +€60,000
- Gross operating margin +€13,475
up €13,475 (+11.7%), from €115,386 to €128,861
- Taxes +€5,973
up €5,973 (+35.1%), from €16,998 to €22,971
- Financial income +€3,358
new in 2025: €3,358
- Depreciation +€1,308
up €1,308 (+2.7%), from €49,326 to €50,634
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 | €860,493 | €919,319 | +€58,825 | +6.8% |
| Fixed assets | 21/28 | €592,246 | €550,479 | -€41,767 | -7.1% |
| Tangible fixed assets | 22/27 | €592,246 | €550,479 | -€41,767 | -7.1% |
| Land and buildings | 22 | €590,088 | €547,062 | -€43,026 | -7.3% |
| Plant, machinery and equipment | 23 | €2,158 | €3,416 | +€1,259 | +58.3% |
| Current assets | 29/58 | €268,248 | €368,840 | +€100,592 | +37.5% |
| Amounts receivable within one year | 40/41 | €34,080 | €26,207 | -€7,873 | -23.1% |
| Trade receivables | 40 | €19,859 | €26,207 | +€6,348 | +32.0% |
| Other amounts receivable | 41 | €14,221 | - | -€14,221 | |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €230,625 | €87,888 | -€142,737 | -61.9% |
| Deferred charges and accrued income | 490/1 | €3,543 | €4,745 | +€1,202 | +33.9% |
| Total equity and liabilities | 10/49 | €860,493 | €919,319 | +€58,825 | +6.8% |
| Equity | 10/15 | €829,481 | €884,924 | +€55,443 | +6.7% |
| Contributions | 10/11 | €68,791 | €68,791 | = | 0.0% |
| Capital | 10 | €68,791 | €68,791 | = | 0.0% |
| Issued capital | 100 | €68,791 | €68,791 | = | 0.0% |
| Reserves | 13 | €755,165 | €810,489 | +€55,324 | +7.3% |
| Non-distributable reserves | 130/1 | €6,879 | €6,879 | = | 0.0% |
| Legal reserve | 130 | €6,879 | €6,879 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,286 | €53,610 | -€4,676 | -8.0% |
| Distributable reserves | 133 | €690,000 | €750,000 | +€60,000 | +8.7% |
| Profit (loss) carried forward | 14 | €5,524 | €5,643 | +€119 | +2.1% |
| Provisions and deferred taxes | 16 | €16,837 | €15,278 | -€1,559 | -9.3% |
| Deferred taxes | 168 | €16,837 | €15,278 | -€1,559 | -9.3% |
| Amounts payable | 17/49 | €14,176 | €19,117 | +€4,941 | +34.9% |
| Amounts payable within one year | 42/48 | €14,176 | €19,117 | +€4,941 | +34.9% |
| Trade debts | 44 | €2,105 | €3,983 | +€1,877 | +89.2% |
| Suppliers | 440/4 | €2,105 | €3,983 | +€1,877 | +89.2% |
| Taxes, remuneration and social security | 45 | €11,890 | €14,954 | +€3,064 | +25.8% |
| Taxes | 450/3 | €11,890 | €14,954 | +€3,064 | +25.8% |
| Other amounts payable | 47/48 | €180 | €180 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,326 | €50,634 | +€1,308 | +2.7% |
| Other operating charges | 640/8 | €4,506 | €4,558 | +€53 | +1.2% |
| Gross operating margin | 9900 | €115,386 | €128,861 | +€13,475 | +11.7% |
| Operating profit (loss) | 9901 | €61,555 | €73,668 | +€12,114 | +19.7% |
| Financial income | 75/76B | - | €3,358 | +€3,358 | |
| Recurring financial income | 75 | - | €3,358 | +€3,358 | |
| Financial charges | 65/66B | €112 | €171 | +€59 | +52.6% |
| Recurring financial charges | 65 | €112 | €171 | +€59 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €61,442 | €76,855 | +€15,412 | +25.1% |
| Transfer from deferred taxes | 780 | €1,559 | €1,559 | = | 0.0% |
| Income taxes | 67/77 | €16,998 | €22,971 | +€5,973 | +35.1% |
| Profit (loss) for the period | 9904 | €46,003 | €55,443 | +€9,440 | +20.5% |
| Transfer from tax-exempt reserves | 789 | €4,676 | €4,676 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,679 | €60,119 | +€9,440 | +18.6% |
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 7 October 2026 via checked.be.