Arteria: 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.
Arteria
Largest movements
- Cash -€28,583
down €28,583 (-22.0%), from €129,648 to €101,065
mainly Net result for the year (-€34,344) and Other debts (-€1,492)
- Tangible fixed assets -€5,082
down €5,082 (-71.9%), from €7,073 to €1,991
of which Furniture and vehicles: -€3,295
- Deferred charges and accrued income -€2,184
down €2,184 (-58.9%), from €3,707 to €1,523
- Profit (loss) carried forward -€34,344
down €34,344 (-72.7%), from -€47,248 to -€81,592
- Other debts -€1,492
down €1,492 (-64.4%), from €2,317 to €825
- Gross operating margin -€16,264
down €16,264 (-145.9%), from -€11,148 to -€27,413
- Depreciation -€2,494
down €2,494 (-65.4%), from €3,813 to €1,319
- Financial income +€613
up €613 (+363.5%), from €169 to €781
- Taxes -€560
down €560 (-52.7%), from €1,062 to €503
- Other operating charges +€382
up €382 (+24.0%), from €1,592 to €1,974
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 | €146,406 | €110,681 | -€35,725 | -24.4% |
| Fixed assets | 21/28 | €7,073 | €1,991 | -€5,082 | -71.9% |
| Tangible fixed assets | 22/27 | €7,073 | €1,991 | -€5,082 | -71.9% |
| Land and buildings | 22 | €1,787 | €0 | -€1,787 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,286 | €1,991 | -€3,295 | -62.3% |
| Current assets | 29/58 | €139,333 | €108,690 | -€30,643 | -22.0% |
| Amounts receivable within one year | 40/41 | €5,978 | €6,102 | +€124 | +2.1% |
| Trade receivables | 40 | €1,454 | €247 | -€1,208 | -83.0% |
| Other amounts receivable | 41 | €4,524 | €5,855 | +€1,331 | +29.4% |
| Cash at bank and in hand | 54/58 | €129,648 | €101,065 | -€28,583 | -22.0% |
| Deferred charges and accrued income | 490/1 | €3,707 | €1,523 | -€2,184 | -58.9% |
| Total equity and liabilities | 10/49 | €146,406 | €110,681 | -€35,725 | -24.4% |
| Equity | 10/15 | €143,002 | €108,658 | -€34,344 | -24.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €177,850 | €177,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,580 | €5,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,580 | €5,580 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €153,520 | €153,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,248 | -€81,592 | -€34,344 | -72.7% |
| Amounts payable | 17/49 | €3,404 | €2,023 | -€1,381 | -40.6% |
| Amounts payable within one year | 42/48 | €3,404 | €2,023 | -€1,381 | -40.6% |
| Trade debts | 44 | €386 | €930 | +€544 | +141.0% |
| Suppliers | 440/4 | €386 | €930 | +€544 | +141.0% |
| Taxes, remuneration and social security | 45 | €702 | €268 | -€433 | -61.8% |
| Taxes | 450/3 | €702 | €268 | -€433 | -61.8% |
| Other amounts payable | 47/48 | €2,317 | €825 | -€1,492 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,813 | €1,319 | -€2,494 | -65.4% |
| Other operating charges | 640/8 | €1,592 | €1,974 | +€382 | +24.0% |
| Non-recurring operating charges | 66A | - | €3,763 | +€3,763 | |
| Gross operating margin | 9900 | -€11,148 | -€27,413 | -€16,264 | -145.9% |
| Operating profit (loss) | 9901 | -€16,554 | -€34,469 | -€17,915 | -108.2% |
| Financial income | 75/76B | €169 | €781 | +€613 | +363.5% |
| Recurring financial income | 75 | €169 | €781 | +€613 | +363.5% |
| Financial charges | 65/66B | €312 | €154 | -€158 | -50.8% |
| Recurring financial charges | 65 | €312 | €154 | -€158 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,697 | -€33,841 | -€17,144 | -102.7% |
| Income taxes | 67/77 | €1,062 | €503 | -€560 | -52.7% |
| Profit (loss) for the period | 9904 | -€17,760 | -€34,344 | -€16,584 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,760 | -€34,344 | -€16,584 | -93.4% |
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 6 October 2026 via checked.be.