ARTERY MANAGEMENT: 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.
ARTERY MANAGEMENT
Largest movements
- Cash +€58
up €58 (+232%), from €25 to €83
mainly Other debts (+€6,555)
- Other debts +€6,555
up €6,555 (+74.0%), from €8,853 to €15,408
- Profit (loss) carried forward -€4,262
down €4,262 (-17.1%), from -€24,858 to -€29,119
- Trade debts -€2,235
down €2,235 (-94.9%), from €2,356 to €121
- Other operating charges +€1,119
new in 2025: €1,119
- Financial charges +€413
up €413 (+248%), from €166 to €579
- Gross operating margin +€319
up €319 (+11.1%), from -€2,882 to -€2,563
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 | €25 | €83 | +€58 | +232% |
| Current assets | 29/58 | €25 | €83 | +€58 | +232% |
| Cash at bank and in hand | 54/58 | €25 | €83 | +€58 | +232% |
| Total equity and liabilities | 10/49 | €25 | €83 | +€58 | +232% |
| Equity | 10/15 | -€11,184 | -€15,446 | -€4,262 | -38.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,273 | €1,273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,273 | €1,273 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,273 | €1,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,858 | -€29,119 | -€4,262 | -17.1% |
| Amounts payable | 17/49 | €11,209 | €15,529 | +€4,320 | +38.5% |
| Amounts payable within one year | 42/48 | €11,209 | €15,529 | +€4,320 | +38.5% |
| Trade debts | 44 | €2,356 | €121 | -€2,235 | -94.9% |
| Suppliers | 440/4 | €2,356 | €121 | -€2,235 | -94.9% |
| Other amounts payable | 47/48 | €8,853 | €15,408 | +€6,555 | +74.0% |
| Other operating charges | 640/8 | - | €1,119 | +€1,119 | |
| Gross operating margin | 9900 | -€2,882 | -€2,563 | +€319 | +11.1% |
| Operating profit (loss) | 9901 | -€2,882 | -€3,682 | -€800 | -27.8% |
| Financial charges | 65/66B | €166 | €579 | +€413 | +248% |
| Recurring financial charges | 65 | €166 | €579 | +€413 | +248% |
| Profit (loss) for the period before taxes | 9903 | -€3,048 | -€4,262 | -€1,213 | -39.8% |
| Profit (loss) for the period | 9904 | -€3,048 | -€4,262 | -€1,213 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,048 | -€4,262 | -€1,213 | -39.8% |
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.