ARTHESYS: 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.
ARTHESYS
Largest movements
- Tangible fixed assets -€15,808
down €15,808 (-50.1%), from €31,553 to €15,745
of which Furniture and vehicles: -€15,110
- Receivables within one year +€13,818
up €13,818 (+129%), from €10,682 to €24,500
of which Trade receivables: +€13,550
- Cash -€8,291
down €8,291 (-12.9%), from €64,194 to €55,903
mainly Receivables within one year (-€13,818) and Debts after one year (-€11,319)
- Debts after one year -€11,319
down €11,319 (-74.4%), from €15,203 to €3,885
- Other debts +€4,422
up €4,422 (+3,680%), from €120 to €4,542
- Profit (loss) carried forward -€2,413
down €2,413 (-15.2%), from €15,883 to €13,470
- Tax, wage and social debts -€1,655
down €1,655 (-30.0%), from €5,521 to €3,866
- Gross operating margin +€11,921
up €11,921 (+143%), from €8,309 to €20,230
- Depreciation +€10,733
up €10,733 (+212%), from €5,075 to €15,808
- Taxes +€3,298
up €3,298 (+510%), from €646 to €3,944
- Other operating charges -€1,895
down €1,895 (-50.6%), from €3,748 to €1,853
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 | €106,429 | €96,148 | -€10,281 | -9.7% |
| Fixed assets | 21/28 | €31,553 | €15,745 | -€15,808 | -50.1% |
| Tangible fixed assets | 22/27 | €31,553 | €15,745 | -€15,808 | -50.1% |
| Furniture and vehicles | 24 | €29,459 | €14,349 | -€15,110 | -51.3% |
| Other tangible fixed assets | 26 | €2,094 | €1,396 | -€698 | -33.3% |
| Current assets | 29/58 | €74,876 | €80,403 | +€5,527 | +7.4% |
| Amounts receivable within one year | 40/41 | €10,682 | €24,500 | +€13,818 | +129% |
| Trade receivables | 40 | €10,146 | €23,696 | +€13,550 | +134% |
| Other amounts receivable | 41 | €536 | €804 | +€268 | +50.0% |
| Cash at bank and in hand | 54/58 | €64,194 | €55,903 | -€8,291 | -12.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €106,429 | €96,148 | -€10,281 | -9.7% |
| Equity | 10/15 | €72,134 | €69,720 | -€2,413 | -3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,051 | €50,051 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €8,546 | +€6,686 | +359% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | - | €6,686 | +€6,686 | |
| Distributable reserves | 133 | €48,191 | €41,505 | -€6,686 | -13.9% |
| Profit (loss) carried forward | 14 | €15,883 | €13,470 | -€2,413 | -15.2% |
| Amounts payable | 17/49 | €34,295 | €26,428 | -€7,868 | -22.9% |
| Amounts payable after more than one year | 17 | €15,203 | €3,885 | -€11,319 | -74.4% |
| Financial debts | 170/4 | €15,203 | €3,885 | -€11,319 | -74.4% |
| Amounts payable within one year | 42/48 | €19,092 | €22,543 | +€3,451 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €10,834 | €11,319 | +€485 | +4.5% |
| Trade debts | 44 | €2,617 | €2,817 | +€200 | +7.6% |
| Suppliers | 440/4 | €2,617 | €2,817 | +€200 | +7.6% |
| Taxes, remuneration and social security | 45 | €5,521 | €3,866 | -€1,655 | -30.0% |
| Taxes | 450/3 | €5,521 | €3,866 | -€1,655 | -30.0% |
| Other amounts payable | 47/48 | €120 | €4,542 | +€4,422 | +3,680% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,075 | €15,808 | +€10,733 | +212% |
| Other operating charges | 640/8 | €3,748 | €1,853 | -€1,895 | -50.6% |
| Gross operating margin | 9900 | €8,309 | €20,230 | +€11,921 | +143% |
| Operating profit (loss) | 9901 | -€513 | €2,569 | +€3,083 | |
| Financial income | 75/76B | €237 | €217 | -€20 | -8.4% |
| Recurring financial income | 75 | €237 | €217 | -€20 | -8.4% |
| Financial charges | 65/66B | €1,304 | €1,256 | -€49 | -3.7% |
| Recurring financial charges | 65 | €1,304 | €1,256 | -€49 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,580 | €1,531 | +€3,111 | |
| Income taxes | 67/77 | €646 | €3,944 | +€3,298 | +510% |
| Profit (loss) for the period | 9904 | -€2,226 | -€2,413 | -€187 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,226 | -€2,413 | -€187 | -8.4% |
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 22 October 2026 via checked.be.