ARTH EN VRAC: what changed
ARTH EN VRAC
Largest movements
- Tangible fixed assets -€4,436
down €4,436 (-47.3%), from €9,387 to €4,951
of which Other tangible fixed assets: -€3,629
- Cash +€2,814
up €2,814 (+173%), from €1,624 to €4,438
mainly Depreciation (+€6,740) and Debts after one year (+€4,935)
- Stocks and contracts +€1,483
up €1,483 (+5.6%), from €26,692 to €28,175
- Receivables within one year +€714
up €714 (+19.9%), from €3,592 to €4,307
of which Other amounts receivable: +€362
- Debts after one year +€4,935
up €4,935 (+43.3%), from €11,402 to €16,337
of which Other amounts payable: +€7,200
- Other debts -€2,617
down €2,617 (-64.2%), from €4,074 to €1,457
- Trade debts -€1,576
down €1,576 (-12.7%), from €12,432 to €10,856
- Current portion of long-term debt -€1,518
down €1,518 (-40.1%), from €3,783 to €2,265
- Accrued charges and deferred income +€827
new in 2025: €827
- Other operating charges +€715
up €715 (+22.4%), from €3,193 to €3,908
- Depreciation -€694
down €694 (-9.3%), from €7,435 to €6,740
- Gross operating margin +€287
up €287 (+1.5%), from €18,922 to €19,209
- Taxes +€271
new in 2025: €271
- Financial charges +€200
up €200 (+9.7%), from €2,065 to €2,265
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 | €46,847 | €47,414 | +€567 | +1.2% |
| Fixed assets | 21/28 | €12,737 | €7,951 | -€4,786 | -37.6% |
| Tangible fixed assets | 22/27 | €9,387 | €4,951 | -€4,436 | -47.3% |
| Plant, machinery and equipment | 23 | €246 | €429 | +€182 | +74.0% |
| Furniture and vehicles | 24 | €2,488 | €1,499 | -€989 | -39.8% |
| Other tangible fixed assets | 26 | €6,653 | €3,024 | -€3,629 | -54.6% |
| Financial fixed assets | 28 | €3,350 | €3,000 | -€350 | -10.4% |
| Current assets | 29/58 | €34,110 | €39,463 | +€5,353 | +15.7% |
| Stocks and contracts in progress | 3 | €26,692 | €28,175 | +€1,483 | +5.6% |
| Stocks | 30/36 | €26,692 | €28,175 | +€1,483 | +5.6% |
| Amounts receivable within one year | 40/41 | €3,592 | €4,307 | +€714 | +19.9% |
| Trade receivables | 40 | €2,979 | €3,331 | +€352 | +11.8% |
| Other amounts receivable | 41 | €613 | €976 | +€362 | +59.1% |
| Cash at bank and in hand | 54/58 | €1,624 | €4,438 | +€2,814 | +173% |
| Deferred charges and accrued income | 490/1 | €2,203 | €2,543 | +€341 | +15.5% |
| Total equity and liabilities | 10/49 | €46,847 | €47,414 | +€567 | +1.2% |
| Equity | 10/15 | €14,455 | €14,658 | +€203 | +1.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,455 | €4,658 | +€203 | +4.5% |
| Amounts payable | 17/49 | €32,392 | €32,756 | +€364 | +1.1% |
| Amounts payable after more than one year | 17 | €11,402 | €16,337 | +€4,935 | +43.3% |
| Financial debts | 170/4 | €11,402 | €9,137 | -€2,265 | -19.9% |
| Other amounts payable | 178/9 | - | €7,200 | +€7,200 | |
| Amounts payable within one year | 42/48 | €20,990 | €15,591 | -€5,399 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €3,783 | €2,265 | -€1,518 | -40.1% |
| Trade debts | 44 | €12,432 | €10,856 | -€1,576 | -12.7% |
| Suppliers | 440/4 | €12,432 | €10,856 | -€1,576 | -12.7% |
| Taxes, remuneration and social security | 45 | €701 | €1,013 | +€312 | +44.6% |
| Taxes | 450/3 | €123 | - | -€123 | |
| Remuneration and social security | 454/9 | €578 | €1,013 | +€436 | +75.4% |
| Other amounts payable | 47/48 | €4,074 | €1,457 | -€2,617 | -64.2% |
| Accrued charges and deferred income | 492/3 | - | €827 | +€827 | |
| Remuneration, social security and pensions | 62 | €6,079 | €5,881 | -€198 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,435 | €6,740 | -€694 | -9.3% |
| Other operating charges | 640/8 | €3,193 | €3,908 | +€715 | +22.4% |
| Gross operating margin | 9900 | €18,922 | €19,209 | +€287 | +1.5% |
| Operating profit (loss) | 9901 | €2,215 | €2,679 | +€464 | +21.0% |
| Financial income | 75/76B | €55 | €60 | +€5 | +8.6% |
| Recurring financial income | 75 | €55 | €60 | +€5 | +8.6% |
| Financial charges | 65/66B | €2,065 | €2,265 | +€200 | +9.7% |
| Recurring financial charges | 65 | €2,065 | €2,265 | +€200 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €205 | €474 | +€269 | +131% |
| Income taxes | 67/77 | - | €271 | +€271 | |
| Profit (loss) for the period | 9904 | €205 | €203 | -€2 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €205 | €203 | -€2 | -1.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.