ARTHUP: 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.
ARTHUP
Largest movements
- Receivables within one year +€74,386
up €74,386 (+91.3%), from €81,438 to €155,824
- Cash -€23,087
down €23,087 (-40.3%), from €57,234 to €34,146
mainly Receivables within one year (-€74,386) and Tax, wage and social debts (-€3,525)
- Deferred charges and accrued income -€2,500
down €2,500 (-28.4%), from €8,787 to €6,287
- Profit (loss) carried forward +€54,285
up €54,285 (+52.0%), from €104,354 to €158,639
- Tax, wage and social debts -€3,525
down €3,525 (-9.7%), from €36,172 to €32,647
of which Remuneration and social security: -€4,000
- Other debts -€2,925
down €2,925 (-59.3%), from €4,934 to €2,009
- Gross operating margin +€3,946
up €3,946 (+5.9%), from €66,683 to €70,628
- Taxes +€875
up €875 (+6.4%), from €13,637 to €14,512
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 | €147,957 | €197,685 | +€49,728 | +33.6% |
| Fixed assets | 21/28 | €498 | €1,427 | +€929 | +186.6% |
| Tangible fixed assets | 22/27 | €498 | €1,427 | +€929 | +186.6% |
| Furniture and vehicles | 24 | €498 | €1,427 | +€929 | +186.6% |
| Current assets | 29/58 | €147,459 | €196,257 | +€48,799 | +33.1% |
| Amounts receivable within one year | 40/41 | €81,438 | €155,824 | +€74,386 | +91.3% |
| Trade receivables | 40 | €81,438 | €155,824 | +€74,386 | +91.3% |
| Cash at bank and in hand | 54/58 | €57,234 | €34,146 | -€23,087 | -40.3% |
| Deferred charges and accrued income | 490/1 | €8,787 | €6,287 | -€2,500 | -28.4% |
| Total equity and liabilities | 10/49 | €147,957 | €197,685 | +€49,728 | +33.6% |
| Equity | 10/15 | €106,354 | €160,639 | +€54,285 | +51.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,354 | €158,639 | +€54,285 | +52.0% |
| Amounts payable | 17/49 | €41,603 | €37,046 | -€4,557 | -11.0% |
| Amounts payable within one year | 42/48 | €41,603 | €37,046 | -€4,557 | -11.0% |
| Trade debts | 44 | €497 | €2,390 | +€1,892 | +380.4% |
| Suppliers | 440/4 | €497 | €2,390 | +€1,892 | +380.4% |
| Taxes, remuneration and social security | 45 | €36,172 | €32,647 | -€3,525 | -9.7% |
| Taxes | 450/3 | €32,172 | €32,647 | +€475 | +1.5% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €4,934 | €2,009 | -€2,925 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €770 | +€270 | +54.1% |
| Other operating charges | 640/8 | €1,209 | €888 | -€321 | -26.6% |
| Gross operating margin | 9900 | €66,683 | €70,628 | +€3,946 | +5.9% |
| Operating profit (loss) | 9901 | €64,974 | €68,971 | +€3,997 | +6.2% |
| Financial charges | 65/66B | €67 | €174 | +€107 | +161.1% |
| Recurring financial charges | 65 | €67 | €174 | +€107 | +161.1% |
| Profit (loss) for the period before taxes | 9903 | €64,907 | €68,797 | +€3,890 | +6.0% |
| Income taxes | 67/77 | €13,637 | €14,512 | +€875 | +6.4% |
| Profit (loss) for the period | 9904 | €51,271 | €54,285 | +€3,014 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,271 | €54,285 | +€3,014 | +5.9% |
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 8 October 2026 via checked.be.