ARTHEUS: 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.
ARTHEUS
Largest movements
- Deferred charges and accrued income +€196,264
up €196,264 (+14511.5%), from €1,352 to €197,616
- Receivables within one year +€29,332
up €29,332 (+37.8%), from €77,513 to €106,845
of which Other amounts receivable: +€48,159
- Cash -€14,469
down €14,469 (-50.7%), from €28,566 to €14,097
mainly Deferred charges and accrued income (-€196,264) and Receivables within one year (-€29,332)
- Tangible fixed assets -€7,723
down €7,723 (-9.5%), from €81,107 to €73,385
of which Land and buildings: -€10,737
- Trade debts +€215,005
up €215,005 (+1601.1%), from €13,428 to €228,434
- Tax, wage and social debts -€10,776
down €10,776 (-62.2%), from €17,310 to €6,535
of which Taxes: -€9,198
- Other debts +€10,000
new in 2025: €10,000
- Debts after one year -€9,824
down €9,824 (-17.1%), from €57,395 to €47,570
- Current portion of long-term debt -€8,018
down €8,018 (-29.3%), from €27,394 to €19,377
- Gross operating margin -€43,026
down €43,026 (-34.5%), from €124,761 to €81,735
- Staff costs -€22,819
down €22,819 (-50.1%), from €45,514 to €22,695
- Depreciation -€9,086
down €9,086 (-27.6%), from €32,871 to €23,785
- Taxes -€4,483
down €4,483 (-32.1%), from €13,976 to €9,493
- Other operating charges +€2,062
up €2,062 (+95.7%), from €2,156 to €4,218
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 | €190,739 | €394,143 | +€203,404 | +106.6% |
| Fixed assets | 21/28 | €81,307 | €73,585 | -€7,723 | -9.5% |
| Tangible fixed assets | 22/27 | €81,107 | €73,385 | -€7,723 | -9.5% |
| Land and buildings | 22 | €51,873 | €41,136 | -€10,737 | -20.7% |
| Plant, machinery and equipment | 23 | €22,889 | €19,236 | -€3,652 | -16.0% |
| Furniture and vehicles | 24 | €6,346 | €13,013 | +€6,667 | +105.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €109,432 | €320,558 | +€211,127 | +192.9% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,513 | €106,845 | +€29,332 | +37.8% |
| Trade receivables | 40 | €60,922 | €42,095 | -€18,827 | -30.9% |
| Other amounts receivable | 41 | €16,591 | €64,750 | +€48,159 | +290.3% |
| Cash at bank and in hand | 54/58 | €28,566 | €14,097 | -€14,469 | -50.7% |
| Deferred charges and accrued income | 490/1 | €1,352 | €197,616 | +€196,264 | +14511.5% |
| Total equity and liabilities | 10/49 | €190,739 | €394,143 | +€203,404 | +106.6% |
| Equity | 10/15 | €75,211 | €82,228 | +€7,016 | +9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,744 | €83,244 | +€6,500 | +8.5% |
| Tax-exempt reserves | 132 | €1,744 | €1,744 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €81,500 | +€6,500 | +8.7% |
| Profit (loss) carried forward | 14 | -€7,733 | -€7,217 | +€516 | +6.7% |
| Amounts payable | 17/49 | €115,528 | €311,915 | +€196,388 | +170.0% |
| Amounts payable after more than one year | 17 | €57,395 | €47,570 | -€9,824 | -17.1% |
| Financial debts | 170/4 | €57,395 | €47,570 | -€9,824 | -17.1% |
| Amounts payable within one year | 42/48 | €58,133 | €264,345 | +€206,212 | +354.7% |
| Current portion of amounts payable after more than one year | 42 | €27,394 | €19,377 | -€8,018 | -29.3% |
| Trade debts | 44 | €13,428 | €228,434 | +€215,005 | +1601.1% |
| Suppliers | 440/4 | €13,428 | €228,434 | +€215,005 | +1601.1% |
| Taxes, remuneration and social security | 45 | €17,310 | €6,535 | -€10,776 | -62.2% |
| Taxes | 450/3 | €14,591 | €5,393 | -€9,198 | -63.0% |
| Remuneration and social security | 454/9 | €2,719 | €1,141 | -€1,578 | -58.0% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €45,514 | €22,695 | -€22,819 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,871 | €23,785 | -€9,086 | -27.6% |
| Other operating charges | 640/8 | €2,156 | €4,218 | +€2,062 | +95.7% |
| Gross operating margin | 9900 | €124,761 | €81,735 | -€43,026 | -34.5% |
| Operating profit (loss) | 9901 | €44,220 | €31,037 | -€13,183 | -29.8% |
| Financial income | 75/76B | €453 | €152 | -€300 | -66.3% |
| Recurring financial income | 75 | €453 | €152 | -€300 | -66.3% |
| Financial charges | 65/66B | €4,607 | €4,680 | +€73 | +1.6% |
| Recurring financial charges | 65 | €4,607 | €4,680 | +€73 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €40,066 | €26,509 | -€13,557 | -33.8% |
| Income taxes | 67/77 | €13,976 | €9,493 | -€4,483 | -32.1% |
| Profit (loss) for the period | 9904 | €26,090 | €17,016 | -€9,074 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,090 | €17,016 | -€9,074 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.