ARTERAS: what changed
ARTERAS
Largest movements
- Receivables within one year +€3,851
up €3,851 (+24.9%), from €15,467 to €19,318
of which Other amounts receivable: +€4,905
- Cash +€1,284
up €1,284 (+28.5%), from €4,509 to €5,793
mainly Net result for the year (+€8,808) and Depreciation (+€4,659)
- Tangible fixed assets -€670
down €670 (-14.6%), from €4,602 to €3,932
of which Furniture and vehicles: -€632
- Profit (loss) carried forward +€8,808
up €8,808, from -€3,464 to €5,344
- Trade debts -€5,664
down €5,664 (-52.8%), from €10,722 to €5,058
- Accrued charges and deferred income +€1,000
new in 2025: €1,000
- Tax, wage and social debts +€568
up €568 (+17.9%), from €3,177 to €3,745
of which Taxes: +€1,394
- Staff costs -€18,316
down €18,316 (-95.5%), from €19,189 to €873
- Gross operating margin -€5,335
down €5,335 (-21.9%), from €24,308 to €18,973
- Taxes +€2,893
up €2,893 (+340%), from €851 to €3,744
- Depreciation -€1,849
down €1,849 (-28.4%), from €6,508 to €4,659
- Other operating charges -€875
down €875 (-57.4%), from €1,523 to €648
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,435 | €30,147 | +€4,712 | +18.5% |
| Fixed assets | 21/28 | €4,602 | €3,932 | -€670 | -14.6% |
| Tangible fixed assets | 22/27 | €4,602 | €3,932 | -€670 | -14.6% |
| Plant, machinery and equipment | 23 | €1,935 | €1,897 | -€38 | -2.0% |
| Furniture and vehicles | 24 | €2,667 | €2,035 | -€632 | -23.7% |
| Current assets | 29/58 | €20,833 | €26,215 | +€5,382 | +25.8% |
| Stocks and contracts in progress | 3 | €707 | €955 | +€248 | +35.0% |
| Stocks | 30/36 | €707 | €955 | +€248 | +35.0% |
| Amounts receivable within one year | 40/41 | €15,467 | €19,318 | +€3,851 | +24.9% |
| Trade receivables | 40 | €1,055 | - | -€1,055 | |
| Other amounts receivable | 41 | €14,413 | €19,318 | +€4,905 | +34.0% |
| Cash at bank and in hand | 54/58 | €4,509 | €5,793 | +€1,284 | +28.5% |
| Deferred charges and accrued income | 490/1 | €149 | €149 | +€0 | +0.2% |
| Total equity and liabilities | 10/49 | €25,435 | €30,147 | +€4,712 | +18.5% |
| Equity | 10/15 | €11,536 | €20,344 | +€8,808 | +76.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,464 | €5,344 | +€8,808 | |
| Amounts payable | 17/49 | €13,899 | €9,803 | -€4,096 | -29.5% |
| Amounts payable within one year | 42/48 | €13,899 | €8,803 | -€5,096 | -36.7% |
| Trade debts | 44 | €10,722 | €5,058 | -€5,664 | -52.8% |
| Suppliers | 440/4 | €10,722 | €5,058 | -€5,664 | -52.8% |
| Taxes, remuneration and social security | 45 | €3,177 | €3,745 | +€568 | +17.9% |
| Taxes | 450/3 | €2,351 | €3,745 | +€1,394 | +59.3% |
| Remuneration and social security | 454/9 | €826 | - | -€826 | |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €19,189 | €873 | -€18,316 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,508 | €4,659 | -€1,849 | -28.4% |
| Other operating charges | 640/8 | €1,523 | €648 | -€875 | -57.4% |
| Gross operating margin | 9900 | €24,308 | €18,973 | -€5,335 | -21.9% |
| Operating profit (loss) | 9901 | -€2,911 | €12,793 | +€15,704 | |
| Financial income | 75/76B | €359 | €4 | -€355 | -98.9% |
| Recurring financial income | 75 | €359 | €4 | -€355 | -98.9% |
| Financial charges | 65/66B | €61 | €245 | +€184 | +300% |
| Recurring financial charges | 65 | €61 | €245 | +€184 | +300% |
| Profit (loss) for the period before taxes | 9903 | -€2,613 | €12,552 | +€15,165 | |
| Income taxes | 67/77 | €851 | €3,744 | +€2,893 | +340% |
| Profit (loss) for the period | 9904 | -€3,464 | €8,808 | +€12,272 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,464 | €8,808 | +€12,272 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.