ARTHOPA: 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.
ARTHOPA
Largest movements
- Cash -€47,806
down €47,806 (-54.3%), from €88,111 to €40,305
mainly Net result for the year (-€37,797) and Tax, wage and social debts (-€27,722)
- Deferred charges and accrued income -€12,425
down €12,425 (-94.4%), from €13,156 to €731
- Receivables within one year +€9,843
up €9,843 (+5.9%), from €166,949 to €176,793
of which Trade receivables: +€9,774
- Stocks and contracts +€7,500
up €7,500 (+150.0%), from €5,000 to €12,500
- Trade debts +€47,583
up €47,583 (+95.0%), from €50,074 to €97,657
- Profit (loss) carried forward -€37,797
down €37,797 (-15.6%), from €242,681 to €204,884
- Tax, wage and social debts -€27,722
down €27,722 (-36.0%), from €77,041 to €49,319
of which Taxes: -€26,103
- Debts after one year -€14,000
down €14,000 (-30.9%), from €45,334 to €31,334
of which Financial debts: -€14,000
- Other debts -€13,777
down €13,777 (-52.0%), from €26,508 to €12,730
- Turnover +€112,988
up €112,988 (+15.9%), from €712,539 to €825,527
- Staff costs +€69,832
up €69,832 (+35.2%), from €198,497 to €268,328
- Gross operating margin -€61,888
down €61,888 (-18.9%), from €326,623 to €264,735
- Purchases and services +€24,314
up €24,314 (+4.2%), from €582,748 to €607,062
- Taxes -€19,834
down €19,834 (-97.7%), from €20,297 to €463
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 | €479,494 | €435,465 | -€44,029 | -9.2% |
| Fixed assets | 21/28 | €206,278 | €205,136 | -€1,141 | -0.6% |
| Tangible fixed assets | 22/27 | €198,928 | €201,386 | +€2,459 | +1.2% |
| Land and buildings | 22 | €180,714 | €181,380 | +€665 | +0.4% |
| Plant, machinery and equipment | 23 | €3,402 | €2,794 | -€609 | -17.9% |
| Furniture and vehicles | 24 | €8,606 | €6,287 | -€2,319 | -26.9% |
| Other tangible fixed assets | 26 | €6,205 | €10,925 | +€4,721 | +76.1% |
| Financial fixed assets | 28 | €7,350 | €3,750 | -€3,600 | -49.0% |
| Current assets | 29/58 | €273,217 | €230,329 | -€42,888 | -15.7% |
| Stocks and contracts in progress | 3 | €5,000 | €12,500 | +€7,500 | +150.0% |
| Stocks | 30/36 | €5,000 | €12,500 | +€7,500 | +150.0% |
| Amounts receivable within one year | 40/41 | €166,949 | €176,793 | +€9,843 | +5.9% |
| Trade receivables | 40 | €166,844 | €176,617 | +€9,774 | +5.9% |
| Other amounts receivable | 41 | €106 | €176 | +€70 | +65.8% |
| Cash at bank and in hand | 54/58 | €88,111 | €40,305 | -€47,806 | -54.3% |
| Deferred charges and accrued income | 490/1 | €13,156 | €731 | -€12,425 | -94.4% |
| Total equity and liabilities | 10/49 | €479,494 | €435,465 | -€44,029 | -9.2% |
| Equity | 10/15 | €264,681 | €226,884 | -€37,797 | -14.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,681 | €204,884 | -€37,797 | -15.6% |
| Amounts payable | 17/49 | €214,814 | €208,581 | -€6,233 | -2.9% |
| Amounts payable after more than one year | 17 | €45,334 | €31,334 | -€14,000 | -30.9% |
| Financial debts | 170/4 | €44,104 | €30,104 | -€14,000 | -31.7% |
| Other amounts payable | 178/9 | €1,230 | €1,230 | = | 0.0% |
| Amounts payable within one year | 42/48 | €169,479 | €175,052 | +€5,573 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €15,856 | €15,345 | -€511 | -3.2% |
| Trade debts | 44 | €50,074 | €97,657 | +€47,583 | +95.0% |
| Suppliers | 440/4 | €50,074 | €97,657 | +€47,583 | +95.0% |
| Taxes, remuneration and social security | 45 | €77,041 | €49,319 | -€27,722 | -36.0% |
| Taxes | 450/3 | €43,857 | €17,754 | -€26,103 | -59.5% |
| Remuneration and social security | 454/9 | €33,184 | €31,565 | -€1,619 | -4.9% |
| Other amounts payable | 47/48 | €26,508 | €12,730 | -€13,777 | -52.0% |
| Accrued charges and deferred income | 492/3 | - | €2,195 | +€2,195 | |
| Turnover | 70 | €712,539 | €825,527 | +€112,988 | +15.9% |
| Non-recurring operating income | 76A | €154,593 | €4,378 | -€150,215 | -97.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €582,748 | €607,062 | +€24,314 | +4.2% |
| Remuneration, social security and pensions | 62 | €198,497 | €268,328 | +€69,832 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,499 | €14,731 | -€2,768 | -15.8% |
| Other operating charges | 640/8 | €10,438 | €4,613 | -€5,825 | -55.8% |
| Gross operating margin | 9900 | €326,623 | €264,735 | -€61,888 | -18.9% |
| Operating profit (loss) | 9901 | €100,190 | -€22,937 | -€123,126 | |
| Financial income | 75/76B | €2,744 | €2,321 | -€423 | -15.4% |
| Recurring financial income | 75 | €1,482 | €962 | -€519 | -35.0% |
| Non-recurring financial income | 76B | €1,262 | €1,358 | +€96 | +7.6% |
| Financial charges | 65/66B | €22,403 | €16,718 | -€5,685 | -25.4% |
| Recurring financial charges | 65 | €20,133 | €9,629 | -€10,503 | -52.2% |
| Non-recurring financial charges | 66B | €2,271 | €7,089 | +€4,818 | +212.2% |
| Profit (loss) for the period before taxes | 9903 | €80,531 | -€37,334 | -€117,864 | |
| Income taxes | 67/77 | €20,297 | €463 | -€19,834 | -97.7% |
| Profit (loss) for the period | 9904 | €60,233 | -€37,797 | -€98,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,233 | -€37,797 | -€98,030 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.