ARTHEMIL: 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.
ARTHEMIL
Largest movements
- Stocks and contracts +€91,789
new in 2025: €91,789
- Tangible fixed assets +€49,863
up €49,863 (+292.8%), from €17,029 to €66,892
of which Plant, machinery and equipment: +€26,249
- Cash -€38,809
down €38,809 (-64.5%), from €60,160 to €21,351
mainly Stocks and contracts (-€91,789) and Investment in fixed assets (net) (-€62,914)
- Receivables within one year -€3,411
down €3,411 (-36.1%), from €9,436 to €6,025
of which Trade receivables: -€4,377
- Other debts +€76,491
up €76,491 (+43993.3%), from €174 to €76,665
- Trade debts +€27,275
up €27,275 (+57.7%), from €47,303 to €74,578
- Tax, wage and social debts -€6,779
down €6,779 (-34.2%), from €19,812 to €13,034
of which Taxes: -€5,308
- Profit (loss) carried forward +€2,202
up €2,202 (+15.4%), from €14,303 to €16,505
- Staff costs -€10,644
down €10,644 (-8.4%), from €126,593 to €115,949
- Depreciation +€5,861
up €5,861 (+78.8%), from €7,433 to €13,294
- Gross operating margin -€2,996
down €2,996 (-2.2%), from €136,762 to €133,766
- Financial income +€1,586
new in 2025: €1,586
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 | €87,792 | €186,981 | +€99,189 | +113.0% |
| Formation expenses | 20 | €667 | €424 | -€242 | -36.4% |
| Fixed assets | 21/28 | €17,530 | €67,392 | +€49,863 | +284.4% |
| Tangible fixed assets | 22/27 | €17,029 | €66,892 | +€49,863 | +292.8% |
| Plant, machinery and equipment | 23 | €3,817 | €30,066 | +€26,249 | +687.6% |
| Furniture and vehicles | 24 | €13,212 | €36,826 | +€23,614 | +178.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €69,596 | €119,165 | +€49,569 | +71.2% |
| Stocks and contracts in progress | 3 | - | €91,789 | +€91,789 | |
| Stocks | 30/36 | - | €91,789 | +€91,789 | |
| Amounts receivable within one year | 40/41 | €9,436 | €6,025 | -€3,411 | -36.1% |
| Trade receivables | 40 | €9,436 | €5,059 | -€4,377 | -46.4% |
| Other amounts receivable | 41 | - | €967 | +€967 | |
| Cash at bank and in hand | 54/58 | €60,160 | €21,351 | -€38,809 | -64.5% |
| Total equity and liabilities | 10/49 | €87,792 | €186,981 | +€99,189 | +113.0% |
| Equity | 10/15 | €20,503 | €22,705 | +€2,202 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,303 | €16,505 | +€2,202 | +15.4% |
| Amounts payable | 17/49 | €67,289 | €164,277 | +€96,987 | +144.1% |
| Amounts payable within one year | 42/48 | €67,289 | €164,277 | +€96,987 | +144.1% |
| Trade debts | 44 | €47,303 | €74,578 | +€27,275 | +57.7% |
| Suppliers | 440/4 | €47,303 | €74,578 | +€27,275 | +57.7% |
| Taxes, remuneration and social security | 45 | €19,812 | €13,034 | -€6,779 | -34.2% |
| Taxes | 450/3 | €5,490 | €182 | -€5,308 | -96.7% |
| Remuneration and social security | 454/9 | €14,322 | €12,851 | -€1,471 | -10.3% |
| Other amounts payable | 47/48 | €174 | €76,665 | +€76,491 | +43993.3% |
| Remuneration, social security and pensions | 62 | €126,593 | €115,949 | -€10,644 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,433 | €13,294 | +€5,861 | +78.8% |
| Other operating charges | 640/8 | - | €1,080 | +€1,080 | |
| Gross operating margin | 9900 | €136,762 | €133,766 | -€2,996 | -2.2% |
| Operating profit (loss) | 9901 | €2,736 | €3,443 | +€707 | +25.8% |
| Financial income | 75/76B | - | €1,586 | +€1,586 | |
| Recurring financial income | 75 | - | €1,586 | +€1,586 | |
| Financial charges | 65/66B | €2,859 | €2,644 | -€215 | -7.5% |
| Recurring financial charges | 65 | €2,859 | €2,644 | -€215 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€123 | €2,385 | +€2,507 | |
| Income taxes | 67/77 | €176 | €182 | +€7 | +3.7% |
| Profit (loss) for the period | 9904 | -€299 | €2,202 | +€2,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€299 | €2,202 | +€2,501 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.