Arthman: what changed
What changed
Arthman
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€303,960
2024 · €118,629+€185,331
Equity
€490,969
2024 · €187,009+€303,960
Cash
€6,729
2024 · -+€6,729
Balance sheet total
€1.1m
2024 · €1.1m+€18,527
Largest movements
Assets
- Receivables within one year +€16,075
up €16,075 (+176%), from €9,148 to €25,223
of which Trade receivables: +€13,164
Equity and liabilities
- Reserves +€303,960
up €303,960 (+260%), from €117,009 to €420,969
- Other debts -€210,142
down €210,142 (-62.4%), from €336,919 to €126,777
- Debts after one year -€106,013
down €106,013 (-22.3%), from €476,105 to €370,092
- Current portion of long-term debt +€106,013
new in 2025: €106,013
- Short-term financial debts -€102,525
no longer reported in 2025 (was €102,525)
Income statement
- Financial income +€200,000
new in 2025: €200,000
- Gross operating margin -€34,569
down €34,569 (-17.7%), from €195,278 to €160,709
- Financial charges -€15,787
down €15,787 (-45.1%), from €35,009 to €19,222
- Taxes -€3,881
down €3,881 (-9.4%), from €41,223 to €37,342
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€118,629
Gross operating margin
-€34,569
Other operating charges
+€231
Financial income
+€200,000
Financial charges
+€15,787
Taxes
+€3,881
Result 2025
€303,960
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€104,977
Investment
+€4,277
Financing
-€102,525
Cash 2024
€0
From operations (derived)
+€104,977
Net result for the year
+€303,960
Receivables within one year
-€16,075
Deferred charges and accrued income
+€0
Trade debts
+€804
Tax, wage and social debts
+€39,847
Other debts
-€210,142
Accrued charges and deferred income
-€13,417
Investment (derived)
+€4,277
Current investments
+€4,277
Financing
-€102,525
Debts after one year
-€106,013
Current portion of long-term debt
+€106,013
Short-term financial debts
-€102,525
Cash 2025
€6,729
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,126,054 | €1,144,581 | +€18,527 | +1.6% |
| Fixed assets | 21/28 | €1,112,500 | €1,112,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,112,500 | €1,112,500 | = | 0.0% |
| Current assets | 29/58 | €13,554 | €32,081 | +€18,527 | +137% |
| Amounts receivable within one year | 40/41 | €9,148 | €25,223 | +€16,075 | +176% |
| Trade receivables | 40 | €9,146 | €22,310 | +€13,164 | +144% |
| Other amounts receivable | 41 | €3 | €2,913 | +€2,911 | +104,324% |
| Current investments | 50/53 | €4,277 | - | -€4,277 | |
| Cash at bank and in hand | 54/58 | - | €6,729 | +€6,729 | |
| Deferred charges and accrued income | 490/1 | €128 | €128 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €1,126,054 | €1,144,581 | +€18,527 | +1.6% |
| Equity | 10/15 | €187,009 | €490,969 | +€303,960 | +163% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €117,009 | €420,969 | +€303,960 | +260% |
| Distributable reserves | 133 | €117,009 | €420,969 | +€303,960 | +260% |
| Amounts payable | 17/49 | €939,046 | €653,612 | -€285,434 | -30.4% |
| Amounts payable after more than one year | 17 | €476,105 | €370,092 | -€106,013 | -22.3% |
| Financial debts | 170/4 | €476,105 | €370,092 | -€106,013 | -22.3% |
| Amounts payable within one year | 42/48 | €449,523 | €283,520 | -€166,003 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | - | €106,013 | +€106,013 | |
| Financial debts | 43 | €102,525 | - | -€102,525 | |
| Credit institutions | 430/8 | €102,525 | - | -€102,525 | |
| Trade debts | 44 | €285 | €1,089 | +€804 | +282% |
| Suppliers | 440/4 | €285 | €1,089 | +€804 | +282% |
| Taxes, remuneration and social security | 45 | €9,794 | €49,641 | +€39,847 | +407% |
| Taxes | 450/3 | €9,794 | €49,641 | +€39,847 | +407% |
| Other amounts payable | 47/48 | €336,919 | €126,777 | -€210,142 | -62.4% |
| Accrued charges and deferred income | 492/3 | €13,417 | - | -€13,417 | |
| Non-recurring operating income | 76A | - | €3,653 | +€3,653 | |
| Other operating charges | 640/8 | €417 | €185 | -€231 | -55.5% |
| Gross operating margin | 9900 | €195,278 | €160,709 | -€34,569 | -17.7% |
| Operating profit (loss) | 9901 | €194,861 | €160,524 | -€34,337 | -17.6% |
| Financial income | 75/76B | - | €200,000 | +€200,000 | |
| Recurring financial income | 75 | - | €200,000 | +€200,000 | |
| Financial charges | 65/66B | €35,009 | €19,222 | -€15,787 | -45.1% |
| Recurring financial charges | 65 | €35,009 | €19,222 | -€15,787 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €159,852 | €341,302 | +€181,450 | +114% |
| Income taxes | 67/77 | €41,223 | €37,342 | -€3,881 | -9.4% |
| Profit (loss) for the period | 9904 | €118,629 | €303,960 | +€185,331 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €118,629 | €303,960 | +€185,331 | +156% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.