ARTHECO: 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.
ARTHECO
Largest movements
- Tangible fixed assets -€10,922
down €10,922 (-29.7%), from €36,837 to €25,914
of which Leasing and similar rights: -€12,404
- Receivables within one year +€8,432
up €8,432 (+77.2%), from €10,928 to €19,360
of which Trade receivables: +€8,470
- Debts after one year -€60,731
down €60,731 (-11.7%), from €519,337 to €458,607
- Other debts +€38,904
up €38,904 (+110%), from €35,215 to €74,119
- Reserves +€21,514
up €21,514 (+73.0%), from €29,453 to €50,967
- Gross operating margin -€15,179
down €15,179 (-22.6%), from €67,208 to €52,029
- Taxes -€3,517
down €3,517 (-20.7%), from €16,995 to €13,478
- Other operating charges -€1,666
down €1,666 (-41.4%), from €4,021 to €2,355
- Depreciation -€1,249
down €1,249 (-9.1%), from €13,785 to €12,536
- Financial charges -€808
down €808 (-27.3%), from €2,955 to €2,147
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 | €629,001 | €631,643 | +€2,642 | +0.4% |
| Fixed assets | 21/28 | €612,837 | €601,914 | -€10,922 | -1.8% |
| Tangible fixed assets | 22/27 | €36,837 | €25,914 | -€10,922 | -29.7% |
| Furniture and vehicles | 24 | - | €1,481 | +€1,481 | |
| Leasing and similar rights | 25 | €36,837 | €24,433 | -€12,404 | -33.7% |
| Financial fixed assets | 28 | €576,000 | €576,000 | = | 0.0% |
| Current assets | 29/58 | €16,164 | €29,728 | +€13,565 | +83.9% |
| Amounts receivable within one year | 40/41 | €10,928 | €19,360 | +€8,432 | +77.2% |
| Trade receivables | 40 | €10,890 | €19,360 | +€8,470 | +77.8% |
| Other amounts receivable | 41 | €38 | €0 | -€38 | -100% |
| Cash at bank and in hand | 54/58 | €3,654 | €9,004 | +€5,351 | +146% |
| Deferred charges and accrued income | 490/1 | €1,582 | €1,364 | -€218 | -13.8% |
| Total equity and liabilities | 10/49 | €629,001 | €631,643 | +€2,642 | +0.4% |
| Equity | 10/15 | €34,453 | €55,967 | +€21,514 | +62.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,453 | €50,967 | +€21,514 | +73.0% |
| Distributable reserves | 133 | €29,453 | €50,967 | +€21,514 | +73.0% |
| Amounts payable | 17/49 | €594,547 | €575,675 | -€18,872 | -3.2% |
| Amounts payable after more than one year | 17 | €519,337 | €458,607 | -€60,731 | -11.7% |
| Financial debts | 170/4 | €519,337 | €458,607 | -€60,731 | -11.7% |
| Amounts payable within one year | 42/48 | €75,210 | €117,069 | +€41,859 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | €12,146 | €12,731 | +€584 | +4.8% |
| Trade debts | 44 | €1,876 | €2,947 | +€1,071 | +57.1% |
| Suppliers | 440/4 | €1,876 | €2,947 | +€1,071 | +57.1% |
| Taxes, remuneration and social security | 45 | €25,972 | €27,272 | +€1,300 | +5.0% |
| Taxes | 450/3 | €23,365 | €27,272 | +€3,908 | +16.7% |
| Remuneration and social security | 454/9 | €2,608 | €0 | -€2,608 | -100% |
| Other amounts payable | 47/48 | €35,215 | €74,119 | +€38,904 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,785 | €12,536 | -€1,249 | -9.1% |
| Other operating charges | 640/8 | €4,021 | €2,355 | -€1,666 | -41.4% |
| Gross operating margin | 9900 | €67,208 | €52,029 | -€15,179 | -22.6% |
| Operating profit (loss) | 9901 | €49,403 | €37,138 | -€12,264 | -24.8% |
| Financial charges | 65/66B | €2,955 | €2,147 | -€808 | -27.3% |
| Recurring financial charges | 65 | €2,955 | €2,147 | -€808 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €46,448 | €34,992 | -€11,456 | -24.7% |
| Income taxes | 67/77 | €16,995 | €13,478 | -€3,517 | -20.7% |
| Profit (loss) for the period | 9904 | €29,453 | €21,514 | -€7,939 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,453 | €21,514 | -€7,939 | -27.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.