ARTHIGAU: 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.
ARTHIGAU
Largest movements
- Deferred charges and accrued income +€1,368
up €1,368 (+16.6%), from €8,226 to €9,593
- Cash -€1,152
down €1,152 (-2.9%), from €40,028 to €38,876
mainly Contributions, distributions and other (-€49,206) and Deferred charges and accrued income (-€1,368)
- Receivables within one year +€830
up €830 (+20.3%), from €4,100 to €4,930
- Tangible fixed assets +€675
up €675 (+445.8%), from €152 to €827
- Other debts +€2,066
up €2,066 (+4.8%), from €42,743 to €44,810
- Taxes +€4,381
up €4,381 (+35.9%), from €12,209 to €16,590
- Gross operating margin +€2,720
up €2,720 (+4.3%), from €63,815 to €66,535
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 | €52,505 | €54,227 | +€1,721 | +3.3% |
| Fixed assets | 21/28 | €152 | €827 | +€675 | +445.8% |
| Tangible fixed assets | 22/27 | €152 | €827 | +€675 | +445.8% |
| Furniture and vehicles | 24 | €152 | €827 | +€675 | +445.8% |
| Current assets | 29/58 | €52,354 | €53,400 | +€1,046 | +2.0% |
| Amounts receivable within one year | 40/41 | €4,100 | €4,930 | +€830 | +20.3% |
| Other amounts receivable | 41 | €4,100 | €4,930 | +€830 | +20.3% |
| Cash at bank and in hand | 54/58 | €40,028 | €38,876 | -€1,152 | -2.9% |
| Deferred charges and accrued income | 490/1 | €8,226 | €9,593 | +€1,368 | +16.6% |
| Total equity and liabilities | 10/49 | €52,505 | €54,227 | +€1,721 | +3.3% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €50,505 | €52,227 | +€1,721 | +3.4% |
| Amounts payable within one year | 42/48 | €50,505 | €52,227 | +€1,721 | +3.4% |
| Trade debts | 44 | €35 | €36 | +€1 | +3.7% |
| Suppliers | 440/4 | €35 | €36 | +€1 | +3.7% |
| Taxes, remuneration and social security | 45 | €7,727 | €7,381 | -€346 | -4.5% |
| Taxes | 450/3 | €7,727 | €7,381 | -€346 | -4.5% |
| Other amounts payable | 47/48 | €42,743 | €44,810 | +€2,066 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €354 | €412 | +€57 | +16.2% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €63,815 | €66,535 | +€2,720 | +4.3% |
| Operating profit (loss) | 9901 | €63,076 | €65,736 | +€2,660 | +4.2% |
| Financial income | 75/76B | €767 | €202 | -€565 | -73.6% |
| Recurring financial income | 75 | €767 | €202 | -€565 | -73.6% |
| Financial charges | 65/66B | €120 | €143 | +€23 | +18.8% |
| Recurring financial charges | 65 | €120 | €143 | +€23 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €63,723 | €65,796 | +€2,073 | +3.3% |
| Income taxes | 67/77 | €12,209 | €16,590 | +€4,381 | +35.9% |
| Profit (loss) for the period | 9904 | €51,514 | €49,206 | -€2,309 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,514 | €49,206 | -€2,309 | -4.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.