ARTHEVA: 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.
ARTHEVA
Largest movements
- Cash +€34,245
up €34,245 (+146.7%), from €23,347 to €57,592
mainly Net result for the year (+€58,550) and Other debts (+€6,046)
- Receivables within one year +€23,197
up €23,197 (+42.9%), from €54,087 to €77,284
- Current investments +€4,500
new in 2025: €4,500
- Profit (loss) carried forward +€58,550
up €58,550 (+123.9%), from €47,242 to €105,792
- Trade debts -€9,249
down €9,249 (-67.2%), from €13,772 to €4,524
- Other debts +€6,046
new in 2025: €6,046
- Tax, wage and social debts +€5,622
up €5,622 (+32.0%), from €17,588 to €23,210
- Gross operating margin +€35,739
up €35,739 (+85.5%), from €41,799 to €77,539
- Taxes +€8,257
up €8,257 (+95.2%), from €8,677 to €16,934
- Other operating charges -€5,520
down €5,520 (-84.4%), from €6,541 to €1,021
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 | €80,602 | €141,571 | +€60,969 | +75.6% |
| Fixed assets | 21/28 | €3,168 | €2,195 | -€973 | -30.7% |
| Tangible fixed assets | 22/27 | €3,168 | €2,195 | -€973 | -30.7% |
| Furniture and vehicles | 24 | €3,168 | €2,195 | -€973 | -30.7% |
| Current assets | 29/58 | €77,434 | €139,376 | +€61,942 | +80.0% |
| Amounts receivable within one year | 40/41 | €54,087 | €77,284 | +€23,197 | +42.9% |
| Trade receivables | 40 | €54,087 | €77,284 | +€23,197 | +42.9% |
| Current investments | 50/53 | - | €4,500 | +€4,500 | |
| Cash at bank and in hand | 54/58 | €23,347 | €57,592 | +€34,245 | +146.7% |
| Total equity and liabilities | 10/49 | €80,602 | €141,571 | +€60,969 | +75.6% |
| Equity | 10/15 | €49,242 | €107,792 | +€58,550 | +118.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,242 | €105,792 | +€58,550 | +123.9% |
| Amounts payable | 17/49 | €31,360 | €33,779 | +€2,419 | +7.7% |
| Amounts payable within one year | 42/48 | €31,360 | €33,779 | +€2,419 | +7.7% |
| Trade debts | 44 | €13,772 | €4,524 | -€9,249 | -67.2% |
| Suppliers | 440/4 | €13,772 | €4,524 | -€9,249 | -67.2% |
| Taxes, remuneration and social security | 45 | €17,588 | €23,210 | +€5,622 | +32.0% |
| Taxes | 450/3 | €17,588 | €23,210 | +€5,622 | +32.0% |
| Other amounts payable | 47/48 | - | €6,046 | +€6,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €636 | €973 | +€337 | +52.9% |
| Other operating charges | 640/8 | €6,541 | €1,021 | -€5,520 | -84.4% |
| Gross operating margin | 9900 | €41,799 | €77,539 | +€35,739 | +85.5% |
| Operating profit (loss) | 9901 | €34,623 | €75,545 | +€40,923 | +118.2% |
| Financial income | 75/76B | €117 | €133 | +€16 | +13.7% |
| Recurring financial income | 75 | €117 | €133 | +€16 | +13.7% |
| Financial charges | 65/66B | €47 | €195 | +€148 | +315.2% |
| Recurring financial charges | 65 | €47 | €195 | +€148 | +315.2% |
| Profit (loss) for the period before taxes | 9903 | €34,693 | €75,483 | +€40,791 | +117.6% |
| Income taxes | 67/77 | €8,677 | €16,934 | +€8,257 | +95.2% |
| Profit (loss) for the period | 9904 | €26,016 | €58,550 | +€32,534 | +125.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,016 | €58,550 | +€32,534 | +125.1% |
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 30 September 2026 via checked.be.