ARTER: 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.
ARTER
Largest movements
- Receivables within one year -€17,340
down €17,340 (-99.7%), from €17,391 to €51
of which Trade receivables: -€16,571
- Cash -€9,119
down €9,119 (-22.7%), from €40,144 to €31,025
mainly Trade debts (-€16,986) and Net result for the year (-€9,473)
- Trade debts -€16,986
down €16,986 (-62.7%), from €27,100 to €10,114
- Profit (loss) carried forward -€9,473
down €9,473, from €8,436 to -€1,038
- Gross operating margin -€11,448
down €11,448, from €5,678 to -€5,770
- Other operating charges -€284
down €284 (-73.4%), from €387 to €103
- Financial income -€227
down €227 (-100%), from €227 to €0
- Financial charges -€111
down €111 (-3.0%), from €3,712 to €3,601
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 | €57,535 | €31,076 | -€26,459 | -46.0% |
| Current assets | 29/58 | €57,535 | €31,076 | -€26,459 | -46.0% |
| Amounts receivable within one year | 40/41 | €17,391 | €51 | -€17,340 | -99.7% |
| Trade receivables | 40 | €16,571 | €0 | -€16,571 | -100% |
| Other amounts receivable | 41 | €820 | €51 | -€769 | -93.8% |
| Cash at bank and in hand | 54/58 | €40,144 | €31,025 | -€9,119 | -22.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €57,535 | €31,076 | -€26,459 | -46.0% |
| Equity | 10/15 | €30,436 | €20,962 | -€9,473 | -31.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,436 | -€1,038 | -€9,473 | |
| Amounts payable | 17/49 | €27,100 | €10,114 | -€16,986 | -62.7% |
| Amounts payable within one year | 42/48 | €27,100 | €10,114 | -€16,986 | -62.7% |
| Trade debts | 44 | €27,100 | €10,114 | -€16,986 | -62.7% |
| Suppliers | 440/4 | €27,100 | €10,114 | -€16,986 | -62.7% |
| Other operating charges | 640/8 | €387 | €103 | -€284 | -73.4% |
| Gross operating margin | 9900 | €5,678 | -€5,770 | -€11,448 | |
| Operating profit (loss) | 9901 | €5,290 | -€5,873 | -€11,163 | |
| Financial income | 75/76B | €227 | €0 | -€227 | -100% |
| Recurring financial income | 75 | €227 | €0 | -€227 | -100% |
| Financial charges | 65/66B | €3,712 | €3,601 | -€111 | -3.0% |
| Recurring financial charges | 65 | €3,712 | €3,601 | -€111 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €1,805 | -€9,473 | -€11,278 | |
| Profit (loss) for the period | 9904 | €1,805 | -€9,473 | -€11,278 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,805 | -€9,473 | -€11,278 |
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 17 October 2026 via checked.be.