ARTHOLICE: 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.
ARTHOLICE
Largest movements
- Current investments +€120,000
new in 2025: €120,000
- Tangible fixed assets -€49,340
down €49,340 (-10.5%), from €470,670 to €421,331
of which Land and buildings: -€49,266
- Cash -€45,767
down €45,767 (-67.0%), from €68,333 to €22,565
mainly Current investments (-€120,000) and Debts after one year (-€19,148)
- Reserves +€36,261
up €36,261 (+13.5%), from €267,823 to €304,085
of which Distributable reserves: +€36,261
- Debts after one year -€19,148
down €19,148 (-15.4%), from €124,679 to €105,531
- Tax, wage and social debts +€6,203
up €6,203 (+129%), from €4,809 to €11,012
of which Taxes: +€6,185
- Gross operating margin +€33,080
up €33,080 (+68.8%), from €48,059 to €81,140
- Taxes +€10,936
up €10,936 (+267%), from €4,102 to €15,038
- Depreciation -€4,338
down €4,338 (-19.3%), from €22,466 to €18,128
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.
Derived cash bridge
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 | €540,781 | €564,721 | +€23,940 | +4.4% |
| Fixed assets | 21/28 | €470,670 | €421,331 | -€49,340 | -10.5% |
| Tangible fixed assets | 22/27 | €470,670 | €421,331 | -€49,340 | -10.5% |
| Land and buildings | 22 | €468,186 | €418,921 | -€49,266 | -10.5% |
| Furniture and vehicles | 24 | €2,484 | €2,410 | -€74 | -3.0% |
| Current assets | 29/58 | €70,111 | €143,390 | +€73,279 | +105% |
| Amounts receivable within one year | 40/41 | €817 | €165 | -€652 | -79.8% |
| Trade receivables | 40 | €303 | €0 | -€303 | -100% |
| Other amounts receivable | 41 | €514 | €165 | -€349 | -68.0% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €68,333 | €22,565 | -€45,767 | -67.0% |
| Deferred charges and accrued income | 490/1 | €961 | €660 | -€301 | -31.3% |
| Total equity and liabilities | 10/49 | €540,781 | €564,721 | +€23,940 | +4.4% |
| Equity | 10/15 | €280,223 | €316,485 | +€36,261 | +12.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €267,823 | €304,085 | +€36,261 | +13.5% |
| Tax-exempt reserves | 132 | €10,661 | €10,661 | = | 0.0% |
| Distributable reserves | 133 | €257,162 | €293,424 | +€36,261 | +14.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €100,176 | €100,176 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,176 | €100,176 | = | 0.0% |
| Pensions and similar obligations | 160 | €100,176 | €100,176 | = | 0.0% |
| Amounts payable | 17/49 | €160,382 | €148,060 | -€12,322 | -7.7% |
| Amounts payable after more than one year | 17 | €124,679 | €105,531 | -€19,148 | -15.4% |
| Financial debts | 170/4 | €124,679 | €105,531 | -€19,148 | -15.4% |
| Amounts payable within one year | 42/48 | €32,378 | €39,501 | +€7,123 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €18,581 | €19,148 | +€566 | +3.0% |
| Trade debts | 44 | €1,306 | €856 | -€449 | -34.4% |
| Suppliers | 440/4 | €1,306 | €856 | -€449 | -34.4% |
| Taxes, remuneration and social security | 45 | €4,809 | €11,012 | +€6,203 | +129% |
| Taxes | 450/3 | €2,701 | €8,886 | +€6,185 | +229% |
| Remuneration and social security | 454/9 | €2,108 | €2,126 | +€18 | +0.9% |
| Other amounts payable | 47/48 | €7,682 | €8,485 | +€803 | +10.5% |
| Accrued charges and deferred income | 492/3 | €3,325 | €3,028 | -€297 | -8.9% |
| Non-recurring operating income | 76A | - | €133,789 | +€133,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,466 | €18,128 | -€4,338 | -19.3% |
| Other operating charges | 640/8 | €4,809 | €5,118 | +€310 | +6.4% |
| Non-recurring operating charges | 66A | €997 | €0 | -€997 | -100% |
| Gross operating margin | 9900 | €48,059 | €81,140 | +€33,080 | +68.8% |
| Operating profit (loss) | 9901 | €19,788 | €57,893 | +€38,105 | +193% |
| Financial income | 75/76B | €118 | €1 | -€117 | -99.4% |
| Recurring financial income | 75 | €118 | €1 | -€117 | -99.4% |
| Financial charges | 65/66B | €6,722 | €6,594 | -€128 | -1.9% |
| Recurring financial charges | 65 | €6,722 | €6,594 | -€128 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €13,184 | €51,300 | +€38,116 | +289% |
| Income taxes | 67/77 | €4,102 | €15,038 | +€10,936 | +267% |
| Profit (loss) for the period | 9904 | €9,081 | €36,261 | +€27,180 | +299% |
| Profit (loss) for the period to be appropriated | 9905 | €9,081 | €36,261 | +€27,180 | +299% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.