ARTHOBIE: what changed
Two financial 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.
ARTHOBIE
Largest movements
- Receivables within one year +€59,448
up €59,448 (+15.4%), from €385,077 to €444,525
of which Other amounts receivable: +€110,848
- Cash +€32,133
up €32,133 (+115.0%), from €27,932 to €60,065
mainly Net result for the year (+€88,790) and Trade debts (+€6,806)
- Reserves +€88,790
up €88,790 (+31.2%), from €284,667 to €373,457
of which Distributable reserves: +€88,790
- Gross operating margin +€18,557
up €18,557 (+17.6%), from €105,627 to €124,184
- Taxes +€4,393
up €4,393 (+23.4%), from €18,757 to €23,150
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 | €994,756 | €1,093,015 | +€98,259 | +9.9% |
| Fixed assets | 21/28 | €546,398 | €553,065 | +€6,667 | +1.2% |
| Tangible fixed assets | 22/27 | €1,032 | €6,971 | +€5,939 | +575.6% |
| Furniture and vehicles | 24 | €1,032 | €6,971 | +€5,939 | +575.6% |
| Financial fixed assets | 28 | €545,366 | €546,094 | +€728 | +0.1% |
| Current assets | 29/58 | €448,358 | €539,950 | +€91,592 | +20.4% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Trade receivables | 290 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €385,077 | €444,525 | +€59,448 | +15.4% |
| Trade receivables | 40 | €77,101 | €25,700 | -€51,401 | -66.7% |
| Other amounts receivable | 41 | €307,976 | €418,824 | +€110,848 | +36.0% |
| Cash at bank and in hand | 54/58 | €27,932 | €60,065 | +€32,133 | +115.0% |
| Deferred charges and accrued income | 490/1 | €349 | €360 | +€11 | +3.2% |
| Total equity and liabilities | 10/49 | €994,756 | €1,093,015 | +€98,259 | +9.9% |
| Equity | 10/15 | €303,267 | €392,057 | +€88,790 | +29.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,667 | €373,457 | +€88,790 | +31.2% |
| Tax-exempt reserves | 132 | €1,341 | €1,341 | = | 0.0% |
| Distributable reserves | 133 | €283,326 | €372,116 | +€88,790 | +31.3% |
| Amounts payable | 17/49 | €691,489 | €700,958 | +€9,469 | +1.4% |
| Amounts payable after more than one year | 17 | €307,315 | €307,315 | = | 0.0% |
| Financial debts | 170/4 | €307,315 | €307,315 | = | 0.0% |
| Amounts payable within one year | 42/48 | €383,340 | €392,809 | +€9,469 | +2.5% |
| Trade debts | 44 | €13,539 | €20,346 | +€6,806 | +50.3% |
| Suppliers | 440/4 | €13,539 | €20,346 | +€6,806 | +50.3% |
| Taxes, remuneration and social security | 45 | €13,358 | €15,982 | +€2,624 | +19.6% |
| Taxes | 450/3 | €13,358 | €15,982 | +€2,624 | +19.6% |
| Other amounts payable | 47/48 | €356,443 | €356,482 | +€39 | 0.0% |
| Accrued charges and deferred income | 492/3 | €834 | €834 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,290 | €1,315 | +€26 | +2.0% |
| Other operating charges | 640/8 | €1,305 | €1,148 | -€156 | -12.0% |
| Gross operating margin | 9900 | €105,627 | €124,184 | +€18,557 | +17.6% |
| Operating profit (loss) | 9901 | €103,033 | €121,721 | +€18,688 | +18.1% |
| Financial charges | 65/66B | €9,886 | €9,780 | -€105 | -1.1% |
| Recurring financial charges | 65 | €9,886 | €9,780 | -€105 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €93,147 | €111,940 | +€18,793 | +20.2% |
| Income taxes | 67/77 | €18,757 | €23,150 | +€4,393 | +23.4% |
| Profit (loss) for the period | 9904 | €74,390 | €88,790 | +€14,401 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,390 | €88,790 | +€14,401 | +19.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.