Arthéa: 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.
Arthéa
Largest movements
- Tangible fixed assets -€37,933
down €37,933 (-13.0%), from €292,852 to €254,920
- Stocks and contracts -€4,032
down €4,032 (-51.7%), from €7,804 to €3,773
- Cash +€3,308
new in 2025: €3,308
mainly Depreciation (+€41,146) and Other debts (+€35,298)
- Debts after one year -€37,363
down €37,363 (-24.2%), from €154,088 to €116,725
- Other debts +€35,298
up €35,298 (+611.2%), from €5,776 to €41,073
- Profit (loss) carried forward -€20,237
down €20,237, from €11,013 to -€9,224
- Trade debts -€6,159
down €6,159 (-49.0%), from €12,565 to €6,406
- Current portion of long-term debt -€3,388
down €3,388 (-8.3%), from €40,750 to €37,363
- Gross operating margin -€32,870
down €32,870 (-53.3%), from €61,695 to €28,825
- Taxes -€11,271
down €11,271 (-98.0%), from €11,506 to €235
- Other operating charges -€1,335
down €1,335 (-37.1%), from €3,601 to €2,266
- Depreciation -€626
down €626 (-1.5%), from €41,772 to €41,146
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 | €323,052 | €285,677 | -€37,376 | -11.6% |
| Fixed assets | 21/28 | €292,852 | €254,920 | -€37,933 | -13.0% |
| Tangible fixed assets | 22/27 | €292,852 | €254,920 | -€37,933 | -13.0% |
| Land and buildings | 22 | €193,005 | €185,358 | -€7,647 | -4.0% |
| Furniture and vehicles | 24 | €55,584 | €41,937 | -€13,647 | -24.6% |
| Leasing and similar rights | 25 | €44,263 | €27,625 | -€16,639 | -37.6% |
| Current assets | 29/58 | €30,200 | €30,757 | +€557 | +1.8% |
| Stocks and contracts in progress | 3 | €7,804 | €3,773 | -€4,032 | -51.7% |
| Stocks | 30/36 | €7,804 | €3,773 | -€4,032 | -51.7% |
| Amounts receivable within one year | 40/41 | €18,993 | €18,947 | -€46 | -0.2% |
| Trade receivables | 40 | €18,993 | €16,680 | -€2,313 | -12.2% |
| Other amounts receivable | 41 | - | €2,267 | +€2,267 | |
| Cash at bank and in hand | 54/58 | - | €3,308 | +€3,308 | |
| Deferred charges and accrued income | 490/1 | €3,403 | €4,730 | +€1,327 | +39.0% |
| Total equity and liabilities | 10/49 | €323,052 | €285,677 | -€37,376 | -11.6% |
| Equity | 10/15 | €102,073 | €81,836 | -€20,237 | -19.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €83,000 | €83,000 | = | 0.0% |
| Distributable reserves | 133 | €83,000 | €83,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,013 | -€9,224 | -€20,237 | |
| Amounts payable | 17/49 | €220,979 | €203,841 | -€17,138 | -7.8% |
| Amounts payable after more than one year | 17 | €154,088 | €116,725 | -€37,363 | -24.2% |
| Financial debts | 170/4 | €154,088 | €116,725 | -€37,363 | -24.2% |
| Amounts payable within one year | 42/48 | €66,891 | €87,116 | +€20,225 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €40,750 | €37,363 | -€3,388 | -8.3% |
| Financial debts | 43 | €2,656 | - | -€2,656 | |
| Credit institutions | 430/8 | €2,656 | - | -€2,656 | |
| Trade debts | 44 | €12,565 | €6,406 | -€6,159 | -49.0% |
| Suppliers | 440/4 | €12,565 | €6,406 | -€6,159 | -49.0% |
| Taxes, remuneration and social security | 45 | €5,144 | €2,274 | -€2,870 | -55.8% |
| Taxes | 450/3 | €5,144 | €2,274 | -€2,870 | -55.8% |
| Other amounts payable | 47/48 | €5,776 | €41,073 | +€35,298 | +611.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,772 | €41,146 | -€626 | -1.5% |
| Other operating charges | 640/8 | €3,601 | €2,266 | -€1,335 | -37.1% |
| Gross operating margin | 9900 | €61,695 | €28,825 | -€32,870 | -53.3% |
| Operating profit (loss) | 9901 | €16,322 | -€14,587 | -€30,909 | |
| Financial income | 75/76B | €35 | €6 | -€29 | -82.5% |
| Recurring financial income | 75 | €35 | €6 | -€29 | -82.5% |
| Financial charges | 65/66B | €5,706 | €5,422 | -€285 | -5.0% |
| Recurring financial charges | 65 | €5,706 | €5,422 | -€285 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €10,651 | -€20,003 | -€30,654 | |
| Income taxes | 67/77 | €11,506 | €235 | -€11,271 | -98.0% |
| Profit (loss) for the period | 9904 | -€855 | -€20,237 | -€19,383 | -2267.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€855 | -€20,237 | -€19,383 | -2267.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.