Arthur.A.S.: 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.
Arthur.A.S.
Largest movements
- Tangible fixed assets -€41,761
down €41,761 (-19.2%), from €217,650 to €175,889
- Stocks and contracts +€30,451
new in 2025: €30,451
- Cash -€30,376
down €30,376 (-22.4%), from €135,569 to €105,193
mainly Other debts (-€75,981) and Stocks and contracts (-€30,451)
- Deferred charges and accrued income -€9,626
down €9,626 (-80.9%), from €11,898 to €2,272
- Intangible fixed assets -€6,000
down €6,000 (-22.0%), from €27,226 to €21,226
- Other debts -€75,981
down €75,981 (-63.8%), from €119,092 to €43,110
- Tax, wage and social debts +€16,540
up €16,540 (+46.9%), from €35,286 to €51,826
of which Taxes: +€12,638
- Profit (loss) carried forward +€12,746
up €12,746 (+7.8%), from €162,749 to €175,495
- Trade debts -€10,616
no longer reported in 2025 (was €10,616)
- Gross operating margin -€63,944
down €63,944 (-27.6%), from €231,312 to €167,368
- Taxes -€57,767
down €57,767 (-92.7%), from €62,288 to €4,520
- Staff costs +€29,491
up €29,491 (+67.9%), from €43,426 to €72,917
- Financial charges -€5,553
down €5,553 (-63.0%), from €8,813 to €3,260
- Depreciation -€3,899
down €3,899 (-6.5%), from €59,965 to €56,065
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 | €417,743 | €360,431 | -€57,312 | -13.7% |
| Fixed assets | 21/28 | €244,876 | €197,115 | -€47,761 | -19.5% |
| Intangible fixed assets | 21 | €27,226 | €21,226 | -€6,000 | -22.0% |
| Tangible fixed assets | 22/27 | €217,650 | €175,889 | -€41,761 | -19.2% |
| Land and buildings | 22 | €46,692 | €38,307 | -€8,385 | -18.0% |
| Plant, machinery and equipment | 23 | €117,549 | €104,264 | -€13,284 | -11.3% |
| Furniture and vehicles | 24 | €53,410 | €33,317 | -€20,092 | -37.6% |
| Current assets | 29/58 | €172,868 | €163,317 | -€9,551 | -5.5% |
| Stocks and contracts in progress | 3 | - | €30,451 | +€30,451 | |
| Stocks | 30/36 | - | €30,451 | +€30,451 | |
| Amounts receivable within one year | 40/41 | €25,400 | €25,400 | = | 0.0% |
| Other amounts receivable | 41 | €25,400 | €25,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,569 | €105,193 | -€30,376 | -22.4% |
| Deferred charges and accrued income | 490/1 | €11,898 | €2,272 | -€9,626 | -80.9% |
| Total equity and liabilities | 10/49 | €417,743 | €360,431 | -€57,312 | -13.7% |
| Equity | 10/15 | €252,749 | €265,495 | +€12,746 | +5.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,749 | €175,495 | +€12,746 | +7.8% |
| Amounts payable | 17/49 | €164,994 | €94,936 | -€70,058 | -42.5% |
| Amounts payable within one year | 42/48 | €164,994 | €94,936 | -€70,058 | -42.5% |
| Trade debts | 44 | €10,616 | - | -€10,616 | |
| Suppliers | 440/4 | €10,616 | - | -€10,616 | |
| Taxes, remuneration and social security | 45 | €35,286 | €51,826 | +€16,540 | +46.9% |
| Taxes | 450/3 | €35,286 | €47,924 | +€12,638 | +35.8% |
| Remuneration and social security | 454/9 | - | €3,902 | +€3,902 | |
| Other amounts payable | 47/48 | €119,092 | €43,110 | -€75,981 | -63.8% |
| Remuneration, social security and pensions | 62 | €43,426 | €72,917 | +€29,491 | +67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,965 | €56,065 | -€3,899 | -6.5% |
| Other operating charges | 640/8 | €19,257 | €17,867 | -€1,389 | -7.2% |
| Gross operating margin | 9900 | €231,312 | €167,368 | -€63,944 | -27.6% |
| Operating profit (loss) | 9901 | €108,665 | €20,519 | -€88,146 | -81.1% |
| Financial income | 75/76B | €1 | €8 | +€6 | +539% |
| Recurring financial income | 75 | €1 | €8 | +€6 | +539% |
| Financial charges | 65/66B | €8,813 | €3,260 | -€5,553 | -63.0% |
| Recurring financial charges | 65 | €8,813 | €3,260 | -€5,553 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €99,853 | €17,267 | -€82,587 | -82.7% |
| Income taxes | 67/77 | €62,288 | €4,520 | -€57,767 | -92.7% |
| Profit (loss) for the period | 9904 | €37,565 | €12,746 | -€24,819 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,565 | €12,746 | -€24,819 | -66.1% |
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 23 October 2026 via checked.be.