ARTHA: 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.
ARTHA
Largest movements
- Tangible fixed assets +€57,279
up €57,279 (+5.7%), from €998,410 to €1.1m
of which Land and buildings: +€60,571
- Cash -€22,272
down €22,272 (-91.3%), from €24,394 to €2,122
mainly Investment in fixed assets (net) (-€141,550) and Tax, wage and social debts (-€101,606)
- Other debts +€124,557
up €124,557 (+26.0%), from €479,737 to €604,294
- Tax, wage and social debts -€101,606
no longer reported in 2024 (was €101,606)
- Profit (loss) carried forward +€12,435
up €12,435 (+3.3%), from €381,466 to €393,901
- Gross operating margin +€51,994
up €51,994 (+108%), from €48,183 to €100,177
- Depreciation +€1,066
up €1,066 (+1.3%), from €83,206 to €84,271
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,044,823 | €1,079,928 | +€35,105 | +3.4% |
| Fixed assets | 21/28 | €998,410 | €1,055,689 | +€57,279 | +5.7% |
| Tangible fixed assets | 22/27 | €998,410 | €1,055,689 | +€57,279 | +5.7% |
| Land and buildings | 22 | €943,470 | €1,004,041 | +€60,571 | +6.4% |
| Plant, machinery and equipment | 23 | €41,722 | €34,347 | -€7,375 | -17.7% |
| Furniture and vehicles | 24 | €13,219 | €17,301 | +€4,082 | +30.9% |
| Current assets | 29/58 | €46,412 | €24,239 | -€22,174 | -47.8% |
| Amounts receivable within one year | 40/41 | €21,778 | €21,829 | +€51 | +0.2% |
| Trade receivables | 40 | €21,778 | €20,515 | -€1,263 | -5.8% |
| Other amounts receivable | 41 | - | €1,314 | +€1,314 | |
| Cash at bank and in hand | 54/58 | €24,394 | €2,122 | -€22,272 | -91.3% |
| Deferred charges and accrued income | 490/1 | €240 | €288 | +€47 | +19.6% |
| Total equity and liabilities | 10/49 | €1,044,823 | €1,079,928 | +€35,105 | +3.4% |
| Equity | 10/15 | €461,923 | €474,359 | +€12,435 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,858 | €61,858 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,839 | €58,839 | = | 0.0% |
| Distributable reserves | 133 | €1,158 | €1,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €381,466 | €393,901 | +€12,435 | +3.3% |
| Amounts payable | 17/49 | €582,899 | €605,569 | +€22,669 | +3.9% |
| Amounts payable within one year | 42/48 | €582,768 | €605,569 | +€22,801 | +3.9% |
| Trade debts | 44 | €1,425 | €1,274 | -€151 | -10.6% |
| Suppliers | 440/4 | €1,425 | €1,274 | -€151 | -10.6% |
| Taxes, remuneration and social security | 45 | €101,606 | - | -€101,606 | |
| Taxes | 450/3 | €101,606 | - | -€101,606 | |
| Other amounts payable | 47/48 | €479,737 | €604,294 | +€124,557 | +26.0% |
| Accrued charges and deferred income | 492/3 | €131 | - | -€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,206 | €84,271 | +€1,066 | +1.3% |
| Other operating charges | 640/8 | €3,558 | €3,501 | -€57 | -1.6% |
| Gross operating margin | 9900 | €48,183 | €100,177 | +€51,994 | +108% |
| Operating profit (loss) | 9901 | -€38,581 | €12,404 | +€50,985 | |
| Financial income | 75/76B | €33 | €66 | +€33 | +100% |
| Recurring financial income | 75 | €33 | €66 | +€33 | +100% |
| Financial charges | 65/66B | €851 | €431 | -€420 | -49.3% |
| Recurring financial charges | 65 | €851 | €431 | -€420 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | -€39,399 | €12,040 | +€51,439 | |
| Income taxes | 67/77 | - | -€396 | -€396 | |
| Profit (loss) for the period | 9904 | -€39,399 | €12,435 | +€51,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,399 | €12,435 | +€51,835 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.