ARTHUM: 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.
ARTHUM
Largest movements
- Tangible fixed assets -€6,315
down €6,315 (-14.1%), from €44,778 to €38,463
of which Furniture and vehicles: -€4,815
- Profit (loss) carried forward +€341,545
up €341,545 (+169.8%), from €201,189 to €542,734
- Current portion of long-term debt -€335,588
down €335,588 (-96.4%), from €348,088 to €12,500
- Trade debts -€6,801
down €6,801 (-59.6%), from €11,403 to €4,602
- Financial income +€310,467
up €310,467 (+1261.8%), from €24,604 to €335,071
- Other operating charges -€14,475
down €14,475 (-91.7%), from €15,785 to €1,309
- Gross operating margin +€5,216
up €5,216 (+21.6%), from €24,158 to €29,374
- Depreciation +€5,025
up €5,025 (+122.9%), from €4,089 to €9,114
- Taxes +€4,957
up €4,957 (+1924.0%), from €258 to €5,215
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 | €610,342 | €604,530 | -€5,812 | -1.0% |
| Fixed assets | 21/28 | €550,284 | €543,969 | -€6,315 | -1.1% |
| Tangible fixed assets | 22/27 | €44,778 | €38,463 | -€6,315 | -14.1% |
| Furniture and vehicles | 24 | €34,639 | €29,825 | -€4,815 | -13.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €10,138 | €8,638 | -€1,500 | -14.8% |
| Financial fixed assets | 28 | €505,506 | €505,506 | = | 0.0% |
| Current assets | 29/58 | €60,059 | €60,561 | +€503 | +0.8% |
| Amounts receivable within one year | 40/41 | €51,743 | €49,759 | -€1,985 | -3.8% |
| Trade receivables | 40 | €1,121 | €1,262 | +€142 | +12.6% |
| Other amounts receivable | 41 | €50,622 | €48,496 | -€2,126 | -4.2% |
| Cash at bank and in hand | 54/58 | €1,434 | €2,906 | +€1,472 | +102.6% |
| Deferred charges and accrued income | 490/1 | €6,881 | €7,897 | +€1,016 | +14.8% |
| Total equity and liabilities | 10/49 | €610,342 | €604,530 | -€5,812 | -1.0% |
| Equity | 10/15 | €238,690 | €580,234 | +€341,545 | +143.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,901 | €18,901 | = | 0.0% |
| Distributable reserves | 133 | €18,901 | €18,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,189 | €542,734 | +€341,545 | +169.8% |
| Amounts payable | 17/49 | €371,653 | €24,296 | -€347,357 | -93.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €371,653 | €24,296 | -€347,357 | -93.5% |
| Current portion of amounts payable after more than one year | 42 | €348,088 | €12,500 | -€335,588 | -96.4% |
| Trade debts | 44 | €11,403 | €4,602 | -€6,801 | -59.6% |
| Suppliers | 440/4 | €11,403 | €4,602 | -€6,801 | -59.6% |
| Taxes, remuneration and social security | 45 | €12,162 | €7,194 | -€4,968 | -40.8% |
| Taxes | 450/3 | €12,162 | €7,194 | -€4,968 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,089 | €9,114 | +€5,025 | +122.9% |
| Other operating charges | 640/8 | €15,785 | €1,309 | -€14,475 | -91.7% |
| Gross operating margin | 9900 | €24,158 | €29,374 | +€5,216 | +21.6% |
| Operating profit (loss) | 9901 | €4,285 | €18,952 | +€14,667 | +342.3% |
| Financial income | 75/76B | €24,604 | €335,071 | +€310,467 | +1261.8% |
| Recurring financial income | 75 | €24,604 | €335,071 | +€310,467 | +1261.8% |
| Financial charges | 65/66B | €11,452 | €7,263 | -€4,189 | -36.6% |
| Recurring financial charges | 65 | €11,452 | €7,263 | -€4,189 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €17,437 | €346,760 | +€329,323 | +1888.7% |
| Income taxes | 67/77 | €258 | €5,215 | +€4,957 | +1924.0% |
| Profit (loss) for the period | 9904 | €17,179 | €341,545 | +€324,366 | +1888.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,179 | €341,545 | +€324,366 | +1888.1% |
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 10 October 2026 via checked.be.