ARTHELO: 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.
ARTHELO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€33,485
up €33,485 (+7.2%), from €468,185 to €501,670
- Profit (loss) carried forward -€30,876
down €30,876 (-10.6%), from €291,175 to €260,300
- Gross operating margin -€22,956
down €22,956, from €19,797 to -€3,159
- Financial income -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Taxes -€3,423
down €3,423 (-100%), from €3,423 to €0
- Other operating charges +€581
up €581 (+47.9%), from €1,211 to €1,791
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 | €895,130 | €898,328 | +€3,198 | +0.4% |
| Fixed assets | 21/28 | €894,354 | €894,617 | +€263 | 0.0% |
| Tangible fixed assets | 22/27 | €2,372 | €2,635 | +€263 | +11.1% |
| Plant, machinery and equipment | 23 | - | €1,739 | +€1,739 | |
| Furniture and vehicles | 24 | €2,372 | €896 | -€1,476 | -62.2% |
| Financial fixed assets | 28 | €891,982 | €891,982 | = | 0.0% |
| Current assets | 29/58 | €776 | €3,711 | +€2,935 | +378% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €213 | €112 | -€100 | -47.1% |
| Deferred charges and accrued income | 490/1 | €564 | €598 | +€35 | +6.2% |
| Total equity and liabilities | 10/49 | €895,130 | €898,328 | +€3,198 | +0.4% |
| Equity | 10/15 | €306,160 | €275,284 | -€30,876 | -10.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,584 | €2,584 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €724 | €724 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €291,175 | €260,300 | -€30,876 | -10.6% |
| Provisions and deferred taxes | 16 | €89,839 | €89,839 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €89,839 | €89,839 | = | 0.0% |
| Pensions and similar obligations | 160 | €89,839 | €89,839 | = | 0.0% |
| Amounts payable | 17/49 | €499,131 | €533,205 | +€34,074 | +6.8% |
| Amounts payable within one year | 42/48 | €471,820 | €501,670 | +€29,850 | +6.3% |
| Trade debts | 44 | €212 | €0 | -€212 | -100% |
| Suppliers | 440/4 | €212 | €0 | -€212 | -100% |
| Taxes, remuneration and social security | 45 | €3,423 | €0 | -€3,423 | -100% |
| Taxes | 450/3 | €3,423 | €0 | -€3,423 | -100% |
| Other amounts payable | 47/48 | €468,185 | €501,670 | +€33,485 | +7.2% |
| Accrued charges and deferred income | 492/3 | €27,311 | €31,535 | +€4,224 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,476 | €1,532 | +€56 | +3.8% |
| Other operating charges | 640/8 | €1,211 | €1,791 | +€581 | +47.9% |
| Gross operating margin | 9900 | €19,797 | -€3,159 | -€22,956 | |
| Operating profit (loss) | 9901 | €17,111 | -€6,482 | -€23,593 | |
| Financial income | 75/76B | €100,000 | €80,000 | -€20,000 | -20.0% |
| Recurring financial income | 75 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Financial charges | 65/66B | €4,284 | €4,393 | +€109 | +2.5% |
| Recurring financial charges | 65 | €4,284 | €4,393 | +€109 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €112,826 | €69,124 | -€43,702 | -38.7% |
| Income taxes | 67/77 | €3,423 | €0 | -€3,423 | -100% |
| Profit (loss) for the period | 9904 | €109,403 | €69,124 | -€40,279 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €109,403 | €69,124 | -€40,279 | -36.8% |
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 19 October 2026 via checked.be.