ARTERIOR SERVICES: 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.
ARTERIOR SERVICES
Largest movements
- Receivables within one year +€141,970
up €141,970 (+158.7%), from €89,440 to €231,410
of which Trade receivables: +€87,464
- Cash -€18,301
down €18,301 (-29.1%), from €62,902 to €44,601
mainly Receivables within one year (-€141,970) and Contributions, distributions and other (-€50,000)
- Profit (loss) carried forward +€134,974
up €134,974 (+121.0%), from €111,569 to €246,543
- Current portion of long-term debt -€13,747
down €13,747 (-54.4%), from €25,268 to €11,521
- Debts after one year -€11,521
down €11,521 (-91.6%), from €12,576 to €1,055
- Tax, wage and social debts +€4,790
up €4,790 (+35.6%), from €13,470 to €18,260
of which Taxes: +€15,000
- Trade debts +€4,699
up €4,699 (+10.9%), from €43,037 to €47,736
- Gross operating margin +€195,582
up €195,582 (+40.1%), from €488,236 to €683,818
- Write-downs +€31,235
new in 2025: €31,235
- Financial charges -€19,126
down €19,126 (-39.7%), from €48,232 to €29,105
- Staff costs +€16,223
up €16,223 (+4.4%), from €366,393 to €382,617
- Taxes +€14,501
up €14,501 (+297.3%), from €4,878 to €19,379
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 | €226,380 | €345,574 | +€119,194 | +52.7% |
| Fixed assets | 21/28 | €63,030 | €60,658 | -€2,371 | -3.8% |
| Tangible fixed assets | 22/27 | €63,030 | €60,658 | -€2,371 | -3.8% |
| Plant, machinery and equipment | 23 | €2,277 | €2,377 | +€101 | +4.4% |
| Furniture and vehicles | 24 | €60,753 | €58,281 | -€2,472 | -4.1% |
| Current assets | 29/58 | €163,350 | €284,916 | +€121,565 | +74.4% |
| Stocks and contracts in progress | 3 | €3,260 | €640 | -€2,620 | -80.4% |
| Stocks | 30/36 | €3,260 | €640 | -€2,620 | -80.4% |
| Amounts receivable within one year | 40/41 | €89,440 | €231,410 | +€141,970 | +158.7% |
| Trade receivables | 40 | €14,961 | €102,424 | +€87,464 | +584.6% |
| Other amounts receivable | 41 | €74,479 | €128,986 | +€54,507 | +73.2% |
| Current investments | 50/53 | €5,400 | €5,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,902 | €44,601 | -€18,301 | -29.1% |
| Deferred charges and accrued income | 490/1 | €2,348 | €2,865 | +€516 | +22.0% |
| Total equity and liabilities | 10/49 | €226,380 | €345,574 | +€119,194 | +52.7% |
| Equity | 10/15 | €132,029 | €267,003 | +€134,974 | +102.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,569 | €246,543 | +€134,974 | +121.0% |
| Amounts payable | 17/49 | €94,351 | €78,571 | -€15,780 | -16.7% |
| Amounts payable after more than one year | 17 | €12,576 | €1,055 | -€11,521 | -91.6% |
| Financial debts | 170/4 | €12,576 | €1,055 | -€11,521 | -91.6% |
| Amounts payable within one year | 42/48 | €81,775 | €77,516 | -€4,259 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €25,268 | €11,521 | -€13,747 | -54.4% |
| Trade debts | 44 | €43,037 | €47,736 | +€4,699 | +10.9% |
| Suppliers | 440/4 | €43,037 | €47,736 | +€4,699 | +10.9% |
| Taxes, remuneration and social security | 45 | €13,470 | €18,260 | +€4,790 | +35.6% |
| Taxes | 450/3 | €3,260 | €18,260 | +€15,000 | +460.1% |
| Remuneration and social security | 454/9 | €10,210 | - | -€10,210 | |
| Remuneration, social security and pensions | 62 | €366,393 | €382,617 | +€16,223 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,299 | €17,945 | +€3,646 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,235 | +€31,235 | |
| Other operating charges | 640/8 | €29,209 | €18,566 | -€10,644 | -36.4% |
| Gross operating margin | 9900 | €488,236 | €683,818 | +€195,582 | +40.1% |
| Operating profit (loss) | 9901 | €78,335 | €233,456 | +€155,121 | +198.0% |
| Financial income | 75/76B | €146 | €2 | -€144 | -98.6% |
| Recurring financial income | 75 | €146 | €2 | -€144 | -98.6% |
| Financial charges | 65/66B | €48,232 | €29,105 | -€19,126 | -39.7% |
| Recurring financial charges | 65 | €48,232 | €29,105 | -€19,126 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €30,249 | €204,352 | +€174,103 | +575.6% |
| Income taxes | 67/77 | €4,878 | €19,379 | +€14,501 | +297.3% |
| Profit (loss) for the period | 9904 | €25,371 | €184,974 | +€159,603 | +629.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,371 | €184,974 | +€159,603 | +629.1% |
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 5 October 2026 via checked.be.