Arthenem: 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.
Arthenem
Largest movements
- Tangible fixed assets -€9,321
down €9,321 (-28.6%), from €32,549 to €23,228
of which Plant, machinery and equipment: -€7,810
- Deferred charges and accrued income -€4,009
down €4,009 (-30.1%), from €13,323 to €9,313
- Reserves -€7,480
down €7,480 (-4.7%), from €158,627 to €151,147
- Tax, wage and social debts -€5,701
down €5,701 (-27.2%), from €20,981 to €15,280
of which Remuneration and social security: -€3,700
- Gross operating margin -€32,480
down €32,480 (-83.6%), from €38,850 to €6,370
- Taxes -€10,775
down €10,775 (-97.7%), from €11,026 to €252
- Financial income -€5,529
down €5,529 (-51.8%), from €10,682 to €5,153
- Other operating charges +€2,856
up €2,856 (+58.1%), from €4,918 to €7,773
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 | €197,151 | €186,007 | -€11,144 | -5.7% |
| Fixed assets | 21/28 | €32,549 | €23,228 | -€9,321 | -28.6% |
| Tangible fixed assets | 22/27 | €32,549 | €23,228 | -€9,321 | -28.6% |
| Plant, machinery and equipment | 23 | €26,791 | €18,981 | -€7,810 | -29.2% |
| Furniture and vehicles | 24 | €1,838 | €838 | -€999 | -54.4% |
| Other tangible fixed assets | 26 | €3,920 | €3,409 | -€511 | -13.0% |
| Current assets | 29/58 | €164,603 | €162,779 | -€1,824 | -1.1% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,884 | €32,737 | +€852 | +2.7% |
| Trade receivables | 40 | €18,755 | €19,929 | +€1,174 | +6.3% |
| Other amounts receivable | 41 | €13,129 | €12,807 | -€322 | -2.5% |
| Cash at bank and in hand | 54/58 | €49,396 | €50,729 | +€1,333 | +2.7% |
| Deferred charges and accrued income | 490/1 | €13,323 | €9,313 | -€4,009 | -30.1% |
| Total equity and liabilities | 10/49 | €197,151 | €186,007 | -€11,144 | -5.7% |
| Equity | 10/15 | €164,827 | €157,347 | -€7,480 | -4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,627 | €151,147 | -€7,480 | -4.7% |
| Distributable reserves | 133 | €158,627 | €151,147 | -€7,480 | -4.7% |
| Amounts payable | 17/49 | €32,324 | €28,660 | -€3,664 | -11.3% |
| Amounts payable within one year | 42/48 | €28,673 | €24,850 | -€3,824 | -13.3% |
| Trade debts | 44 | €6,236 | €7,504 | +€1,268 | +20.3% |
| Suppliers | 440/4 | €6,236 | €7,504 | +€1,268 | +20.3% |
| Taxes, remuneration and social security | 45 | €20,981 | €15,280 | -€5,701 | -27.2% |
| Taxes | 450/3 | €17,281 | €15,280 | -€2,001 | -11.6% |
| Remuneration and social security | 454/9 | €3,700 | - | -€3,700 | |
| Other amounts payable | 47/48 | €1,457 | €2,066 | +€609 | +41.8% |
| Accrued charges and deferred income | 492/3 | €3,651 | €3,810 | +€160 | +4.4% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,407 | €9,321 | -€86 | -0.9% |
| Other operating charges | 640/8 | €4,918 | €7,773 | +€2,856 | +58.1% |
| Gross operating margin | 9900 | €38,850 | €6,370 | -€32,480 | -83.6% |
| Operating profit (loss) | 9901 | €24,526 | -€10,724 | -€35,250 | |
| Financial income | 75/76B | €10,682 | €5,153 | -€5,529 | -51.8% |
| Recurring financial income | 75 | €10,682 | €5,153 | -€5,529 | -51.8% |
| Financial charges | 65/66B | €1,833 | €1,658 | -€175 | -9.6% |
| Recurring financial charges | 65 | €1,833 | €1,658 | -€175 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €33,375 | -€7,228 | -€40,603 | |
| Income taxes | 67/77 | €11,026 | €252 | -€10,775 | -97.7% |
| Profit (loss) for the period | 9904 | €22,349 | -€7,480 | -€29,829 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,349 | -€7,480 | -€29,829 |
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 24 October 2026 via checked.be.