ARTHER: what changed
Two fiscal 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.
ARTHER
Largest movements
- Cash +€25,340
up €25,340 (+279.7%), from €9,059 to €34,399
mainly Net result for the year (+€18,300) and Tax, wage and social debts (+€5,242)
- Receivables within one year -€3,708
down €3,708 (-33.7%), from €11,003 to €7,295
of which Other amounts receivable: -€1,941
- Profit (loss) carried forward +€18,300
up €18,300 (+429.7%), from €4,259 to €22,558
- Tax, wage and social debts +€5,242
up €5,242 (+229.7%), from €2,282 to €7,524
- Trade debts -€4,208
down €4,208 (-60.4%), from €6,969 to €2,761
- Other debts +€2,411
up €2,411 (+1088.2%), from €222 to €2,632
- Gross operating margin +€17,298
up €17,298 (+173.4%), from €9,975 to €27,273
- Taxes +€4,712
up €4,712 (+217.1%), from €2,170 to €6,882
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 | €26,275 | €48,019 | +€21,744 | +82.8% |
| Fixed assets | 21/28 | €6,150 | €6,076 | -€74 | -1.2% |
| Tangible fixed assets | 22/27 | €5,910 | €5,836 | -€74 | -1.3% |
| Plant, machinery and equipment | 23 | €1,973 | €2,667 | +€695 | +35.2% |
| Furniture and vehicles | 24 | €3,937 | €3,169 | -€769 | -19.5% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €20,126 | €41,944 | +€21,818 | +108.4% |
| Amounts receivable within one year | 40/41 | €11,003 | €7,295 | -€3,708 | -33.7% |
| Trade receivables | 40 | €6,404 | €4,637 | -€1,767 | -27.6% |
| Other amounts receivable | 41 | €4,599 | €2,658 | -€1,941 | -42.2% |
| Cash at bank and in hand | 54/58 | €9,059 | €34,399 | +€25,340 | +279.7% |
| Deferred charges and accrued income | 490/1 | €64 | €250 | +€186 | +290.9% |
| Total equity and liabilities | 10/49 | €26,275 | €48,019 | +€21,744 | +82.8% |
| Equity | 10/15 | €16,802 | €35,102 | +€18,300 | +108.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €144 | €144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €144 | €144 | = | 0.0% |
| Reserves not available under the articles | 1311 | €144 | €144 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,259 | €22,558 | +€18,300 | +429.7% |
| Amounts payable | 17/49 | €9,473 | €12,917 | +€3,444 | +36.4% |
| Amounts payable within one year | 42/48 | €9,473 | €12,917 | +€3,444 | +36.4% |
| Trade debts | 44 | €6,969 | €2,761 | -€4,208 | -60.4% |
| Suppliers | 440/4 | €6,969 | €2,761 | -€4,208 | -60.4% |
| Taxes, remuneration and social security | 45 | €2,282 | €7,524 | +€5,242 | +229.7% |
| Taxes | 450/3 | €2,282 | €7,524 | +€5,242 | +229.7% |
| Other amounts payable | 47/48 | €222 | €2,632 | +€2,411 | +1088.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,194 | €2,005 | -€189 | -8.6% |
| Other operating charges | 640/8 | €9 | - | -€9 | |
| Gross operating margin | 9900 | €9,975 | €27,273 | +€17,298 | +173.4% |
| Operating profit (loss) | 9901 | €7,772 | €25,268 | +€17,496 | +225.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €174 | €86 | -€88 | -50.5% |
| Recurring financial charges | 65 | €174 | €86 | -€88 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €7,598 | €25,182 | +€17,584 | +231.4% |
| Income taxes | 67/77 | €2,170 | €6,882 | +€4,712 | +217.1% |
| Profit (loss) for the period | 9904 | €5,427 | €18,300 | +€12,873 | +237.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,427 | €18,300 | +€12,873 | +237.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.