Arthnet: 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.
Arthnet
Largest movements
- Receivables within one year +€8,453
up €8,453 (+33.3%), from €25,410 to €33,863
- Tangible fixed assets +€7,389
up €7,389 (+206.0%), from €3,587 to €10,977
- Cash -€3,819
down €3,819 (-8.1%), from €46,931 to €43,113
mainly Contributions, distributions and other (-€67,073) and Investment in fixed assets (net) (-€11,389)
- Other debts +€29,626
up €29,626 (+306.2%), from €9,676 to €39,303
- Profit (loss) carried forward -€17,793
down €17,793 (-37.8%), from €47,073 to €29,280
- Gross operating margin +€13,854
up €13,854 (+25.6%), from €54,094 to €67,948
- Depreciation +€1,931
up €1,931 (+93.3%), from €2,069 to €3,999
- Taxes +€1,519
up €1,519 (+12.4%), from €12,264 to €13,783
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 | €75,929 | €88,271 | +€12,342 | +16.3% |
| Fixed assets | 21/28 | €3,587 | €10,977 | +€7,389 | +206.0% |
| Tangible fixed assets | 22/27 | €3,587 | €10,977 | +€7,389 | +206.0% |
| Furniture and vehicles | 24 | €3,587 | €10,977 | +€7,389 | +206.0% |
| Current assets | 29/58 | €72,341 | €77,295 | +€4,953 | +6.8% |
| Amounts receivable within one year | 40/41 | €25,410 | €33,863 | +€8,453 | +33.3% |
| Trade receivables | 40 | €25,410 | €33,863 | +€8,453 | +33.3% |
| Cash at bank and in hand | 54/58 | €46,931 | €43,113 | -€3,819 | -8.1% |
| Deferred charges and accrued income | 490/1 | - | €319 | +€319 | |
| Total equity and liabilities | 10/49 | €75,929 | €88,271 | +€12,342 | +16.3% |
| Equity | 10/15 | €50,073 | €32,280 | -€17,793 | -35.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,073 | €29,280 | -€17,793 | -37.8% |
| Amounts payable | 17/49 | €25,856 | €55,991 | +€30,136 | +116.6% |
| Amounts payable within one year | 42/48 | €25,856 | €55,991 | +€30,136 | +116.6% |
| Trade debts | 44 | €1,471 | €1,669 | +€198 | +13.4% |
| Suppliers | 440/4 | €1,471 | €1,669 | +€198 | +13.4% |
| Taxes, remuneration and social security | 45 | €14,708 | €15,020 | +€312 | +2.1% |
| Taxes | 450/3 | €12,028 | €12,285 | +€258 | +2.1% |
| Remuneration and social security | 454/9 | €2,681 | €2,735 | +€54 | +2.0% |
| Other amounts payable | 47/48 | €9,676 | €39,303 | +€29,626 | +306.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,069 | €3,999 | +€1,931 | +93.3% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | €54,094 | €67,948 | +€13,854 | +25.6% |
| Operating profit (loss) | 9901 | €51,353 | €63,254 | +€11,901 | +23.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €311 | €190 | -€121 | -38.8% |
| Recurring financial charges | 65 | €311 | €190 | -€121 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €51,042 | €63,064 | +€12,022 | +23.6% |
| Income taxes | 67/77 | €12,264 | €13,783 | +€1,519 | +12.4% |
| Profit (loss) for the period | 9904 | €38,778 | €49,280 | +€10,503 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,778 | €49,280 | +€10,503 | +27.1% |
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 1 October 2026 via checked.be.