Arthéhor: 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.
Arthéhor
Largest movements
- Cash +€26,653
up €26,653 (+37.0%), from €72,010 to €98,663
mainly Other debts (+€29,099) and Depreciation (+€27,841)
- Tangible fixed assets -€22,429
down €22,429 (-1.8%), from €1.2m to €1.2m
- Other debts +€29,099
up €29,099 (+2.7%), from €1.1m to €1.1m
- Debts after one year -€25,895
down €25,895 (-11.7%), from €220,863 to €194,968
- Purchases and services -€30,865
down €30,865 (-75.5%), from €40,855 to €9,990
- Gross operating margin +€29,419
up €29,419 (+86.6%), from €33,985 to €63,404
- Other operating charges -€7,933
down €7,933 (-54.1%), from €14,659 to €6,726
- Turnover -€1,444
down €1,444 (-1.9%), from €74,839 to €73,395
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 | €1,328,070 | €1,326,882 | -€1,188 | -0.1% |
| Fixed assets | 21/28 | €1,256,060 | €1,228,219 | -€27,841 | -2.2% |
| Intangible fixed assets | 21 | €27,062 | €21,650 | -€5,412 | -20.0% |
| Tangible fixed assets | 22/27 | €1,228,998 | €1,206,569 | -€22,429 | -1.8% |
| Land and buildings | 22 | €1,228,998 | €1,206,569 | -€22,429 | -1.8% |
| Current assets | 29/58 | €72,010 | €98,663 | +€26,653 | +37.0% |
| Cash at bank and in hand | 54/58 | €72,010 | €98,663 | +€26,653 | +37.0% |
| Total equity and liabilities | 10/49 | €1,328,070 | €1,326,882 | -€1,188 | -0.1% |
| Equity | 10/15 | €684 | -€4,083 | -€4,767 | |
| Contributions | 10/11 | €103,238 | €103,238 | = | 0.0% |
| Capital | 10 | €103,238 | €103,238 | = | 0.0% |
| Issued capital | 100 | €103,238 | €103,238 | = | 0.0% |
| Reserves | 13 | €6,196 | €6,196 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,196 | €6,196 | = | 0.0% |
| Legal reserve | 130 | €6,196 | €6,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,750 | -€113,517 | -€4,767 | -4.4% |
| Amounts payable | 17/49 | €1,327,386 | €1,330,965 | +€3,579 | +0.3% |
| Amounts payable after more than one year | 17 | €220,863 | €194,968 | -€25,895 | -11.7% |
| Financial debts | 170/4 | €220,863 | €194,968 | -€25,895 | -11.7% |
| Amounts payable within one year | 42/48 | €1,106,523 | €1,135,997 | +€29,474 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €25,509 | €25,894 | +€385 | +1.5% |
| Taxes, remuneration and social security | 45 | €10 | - | -€10 | |
| Taxes | 450/3 | €10 | - | -€10 | |
| Other amounts payable | 47/48 | €1,081,004 | €1,110,103 | +€29,099 | +2.7% |
| Turnover | 70 | €74,839 | €73,395 | -€1,444 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €40,855 | €9,990 | -€30,865 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,842 | €27,841 | -€1 | 0.0% |
| Other operating charges | 640/8 | €14,659 | €6,726 | -€7,933 | -54.1% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | €33,985 | €63,404 | +€29,419 | +86.6% |
| Operating profit (loss) | 9901 | -€8,516 | -€1,163 | +€7,353 | +86.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €4,010 | €3,606 | -€404 | -10.1% |
| Recurring financial charges | 65 | €4,010 | €3,606 | -€404 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,526 | -€4,767 | +€7,759 | +61.9% |
| Profit (loss) for the period | 9904 | -€12,526 | -€4,767 | +€7,759 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,526 | -€4,767 | +€7,759 | +61.9% |
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 17 October 2026 via checked.be.