ARTHABILIS: 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.
ARTHABILIS
Largest movements
- Stocks and contracts +€7,617
up €7,617 (+45.3%), from €16,805 to €24,422
- Cash +€6,793
up €6,793 (+42.3%), from €16,047 to €22,840
mainly Net result for the year (+€8,457) and Depreciation (+€7,127)
- Tangible fixed assets -€5,047
down €5,047 (-41.5%), from €12,154 to €7,107
of which Furniture and vehicles: -€5,877
- Receivables within one year -€1,437
down €1,437 (-28.6%), from €5,034 to €3,596
of which Other amounts receivable: -€1,887
- Profit (loss) carried forward +€8,457
up €8,457, from -€7,704 to €754
- Tax, wage and social debts +€4,760
new in 2025: €4,760
- Debts after one year -€2,225
no longer reported in 2025 (was €2,225)
- Current portion of long-term debt -€2,161
down €2,161 (-49.3%), from €4,386 to €2,225
- Other debts -€810
no longer reported in 2025 (was €810)
- Gross operating margin +€18,620
up €18,620 (+2,608%), from €714 to €19,334
- Taxes +€2,501
up €2,501 (+1,784%), from €140 to €2,641
- Depreciation -€228
down €228 (-3.1%), from €7,355 to €7,127
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 | €50,609 | €59,030 | +€8,421 | +16.6% |
| Fixed assets | 21/28 | €12,174 | €7,127 | -€5,047 | -41.5% |
| Tangible fixed assets | 22/27 | €12,154 | €7,107 | -€5,047 | -41.5% |
| Plant, machinery and equipment | 23 | €1,232 | €2,061 | +€829 | +67.3% |
| Furniture and vehicles | 24 | €10,922 | €5,046 | -€5,877 | -53.8% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €38,434 | €51,903 | +€13,469 | +35.0% |
| Stocks and contracts in progress | 3 | €16,805 | €24,422 | +€7,617 | +45.3% |
| Stocks | 30/36 | €16,805 | €24,422 | +€7,617 | +45.3% |
| Amounts receivable within one year | 40/41 | €5,034 | €3,596 | -€1,437 | -28.6% |
| Trade receivables | 40 | €961 | €1,412 | +€450 | +46.8% |
| Other amounts receivable | 41 | €4,072 | €2,185 | -€1,887 | -46.3% |
| Cash at bank and in hand | 54/58 | €16,047 | €22,840 | +€6,793 | +42.3% |
| Deferred charges and accrued income | 490/1 | €548 | €1,044 | +€496 | +90.4% |
| Total equity and liabilities | 10/49 | €50,609 | €59,030 | +€8,421 | +16.6% |
| Equity | 10/15 | €40,819 | €49,276 | +€8,457 | +20.7% |
| Contributions | 10/11 | €43,000 | €43,000 | = | 0.0% |
| Reserves | 13 | €5,523 | €5,523 | = | 0.0% |
| Distributable reserves | 133 | €5,523 | €5,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,704 | €754 | +€8,457 | |
| Amounts payable | 17/49 | €9,789 | €9,753 | -€36 | -0.4% |
| Amounts payable after more than one year | 17 | €2,225 | - | -€2,225 | |
| Financial debts | 170/4 | €2,225 | - | -€2,225 | |
| Amounts payable within one year | 42/48 | €7,565 | €9,753 | +€2,189 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €4,386 | €2,225 | -€2,161 | -49.3% |
| Trade debts | 44 | €2,369 | €2,768 | +€400 | +16.9% |
| Suppliers | 440/4 | €2,369 | €2,768 | +€400 | +16.9% |
| Taxes, remuneration and social security | 45 | - | €4,760 | +€4,760 | |
| Taxes | 450/3 | - | €4,760 | +€4,760 | |
| Other amounts payable | 47/48 | €810 | - | -€810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,355 | €7,127 | -€228 | -3.1% |
| Other operating charges | 640/8 | €244 | €419 | +€175 | +71.5% |
| Gross operating margin | 9900 | €714 | €19,334 | +€18,620 | +2,608% |
| Operating profit (loss) | 9901 | -€6,886 | €11,788 | +€18,674 | |
| Financial income | 75/76B | €198 | €90 | -€107 | -54.3% |
| Recurring financial income | 75 | €198 | €90 | -€107 | -54.3% |
| Financial charges | 65/66B | €876 | €780 | -€95 | -10.9% |
| Recurring financial charges | 65 | €876 | €780 | -€95 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,563 | €11,098 | +€18,661 | |
| Income taxes | 67/77 | €140 | €2,641 | +€2,501 | +1,784% |
| Profit (loss) for the period | 9904 | -€7,704 | €8,457 | +€16,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,704 | €8,457 | +€16,161 |
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 14 October 2026 via checked.be.