ARTHUR & CO: 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 & CO
Largest movements
- Receivables within one year +€79,463
up €79,463 (+97.0%), from €81,923 to €161,386
of which Other amounts receivable: +€79,794
- Deferred charges and accrued income -€5,183
down €5,183 (-65.6%), from €7,897 to €2,714
- Cash -€4,796
down €4,796 (-41.5%), from €11,545 to €6,748
mainly Receivables within one year (-€79,463) and Trade debts (-€11,547)
- Profit (loss) carried forward +€64,286
up €64,286 (+44.3%), from -€145,059 to -€80,774
- Other debts +€28,424
new in 2025: €28,424
- Trade debts -€11,547
down €11,547 (-10.7%), from €108,060 to €96,513
- Tax, wage and social debts -€7,545
down €7,545 (-7.7%), from €98,092 to €90,547
of which Remuneration and social security: -€23,199
- Current portion of long-term debt -€1,893
down €1,893 (-100%), from €1,893 to €0
- Staff costs -€51,126
down €51,126 (-31.2%), from €163,621 to €112,495
- Gross operating margin +€32,008
up €32,008 (+18.5%), from €173,158 to €205,166
- Taxes +€13,261
new in 2025: €13,261
- Financial charges -€6,306
down €6,306 (-43.1%), from €14,630 to €8,324
- Other operating charges -€4,132
down €4,132 (-73.0%), from €5,658 to €1,526
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 | €115,485 | €187,637 | +€72,152 | +62.5% |
| Fixed assets | 21/28 | €1,989 | €3,738 | +€1,749 | +87.9% |
| Tangible fixed assets | 22/27 | €1,127 | €2,877 | +€1,749 | +155% |
| Plant, machinery and equipment | 23 | €1,127 | €1,896 | +€768 | +68.2% |
| Furniture and vehicles | 24 | €0 | €981 | +€981 | |
| Financial fixed assets | 28 | €862 | €862 | = | 0.0% |
| Current assets | 29/58 | €113,496 | €183,899 | +€70,403 | +62.0% |
| Stocks and contracts in progress | 3 | €12,132 | €13,051 | +€920 | +7.6% |
| Stocks | 30/36 | €12,132 | €13,051 | +€920 | +7.6% |
| Amounts receivable within one year | 40/41 | €81,923 | €161,386 | +€79,463 | +97.0% |
| Trade receivables | 40 | €10,335 | €10,004 | -€331 | -3.2% |
| Other amounts receivable | 41 | €71,588 | €151,382 | +€79,794 | +111% |
| Cash at bank and in hand | 54/58 | €11,545 | €6,748 | -€4,796 | -41.5% |
| Deferred charges and accrued income | 490/1 | €7,897 | €2,714 | -€5,183 | -65.6% |
| Total equity and liabilities | 10/49 | €115,485 | €187,637 | +€72,152 | +62.5% |
| Equity | 10/15 | -€95,059 | -€30,774 | +€64,286 | +67.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,059 | -€80,774 | +€64,286 | +44.3% |
| Amounts payable | 17/49 | €210,544 | €218,411 | +€7,867 | +3.7% |
| Amounts payable after more than one year | 17 | €2,500 | €2,500 | = | 0.0% |
| Trade debts | 175 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €208,044 | €215,484 | +€7,440 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €1,893 | €0 | -€1,893 | -100% |
| Trade debts | 44 | €108,060 | €96,513 | -€11,547 | -10.7% |
| Suppliers | 440/4 | €108,060 | €96,513 | -€11,547 | -10.7% |
| Taxes, remuneration and social security | 45 | €98,092 | €90,547 | -€7,545 | -7.7% |
| Taxes | 450/3 | €45,926 | €61,581 | +€15,654 | +34.1% |
| Remuneration and social security | 454/9 | €52,165 | €28,966 | -€23,199 | -44.5% |
| Other amounts payable | 47/48 | - | €28,424 | +€28,424 | |
| Accrued charges and deferred income | 492/3 | €0 | €427 | +€427 | |
| Non-recurring operating income | 76A | €5,470 | €23,345 | +€17,875 | +327% |
| Remuneration, social security and pensions | 62 | €163,621 | €112,495 | -€51,126 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,875 | €885 | -€2,991 | -77.2% |
| Other operating charges | 640/8 | €5,658 | €1,526 | -€4,132 | -73.0% |
| Non-recurring operating charges | 66A | €12,889 | €10,345 | -€2,545 | -19.7% |
| Gross operating margin | 9900 | €173,158 | €205,166 | +€32,008 | +18.5% |
| Operating profit (loss) | 9901 | -€12,886 | €79,916 | +€92,803 | |
| Financial income | 75/76B | €4,707 | €5,955 | +€1,247 | +26.5% |
| Recurring financial income | 75 | €4,707 | €5,955 | +€1,247 | +26.5% |
| Financial charges | 65/66B | €14,630 | €8,324 | -€6,306 | -43.1% |
| Recurring financial charges | 65 | €14,630 | €8,324 | -€6,306 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,809 | €77,547 | +€100,356 | |
| Income taxes | 67/77 | - | €13,261 | +€13,261 | |
| Profit (loss) for the period | 9904 | -€22,809 | €64,286 | +€87,095 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,809 | €64,286 | +€87,095 |
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 19 October 2026 via checked.be.