ARTHUR PROJECTS & PRODUCTS: 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 PROJECTS & PRODUCTS
Largest movements
- Cash +€22,081
up €22,081 (+172%), from €12,820 to €34,901
mainly Net result for the year (+€25,772) and Depreciation (+€20,612)
- Tangible fixed assets -€20,612
down €20,612 (-24.1%), from €85,453 to €64,841
of which Land and buildings: -€15,394
- Receivables within one year -€2,760
down €2,760 (-46.4%), from €5,952 to €3,193
of which Trade receivables: -€3,760
- Reserves +€25,772
up €25,772 (+38.5%), from €66,983 to €92,755
- Other debts -€10,208
down €10,208 (-27.7%), from €36,864 to €26,656
- Current portion of long-term debt -€9,665
down €9,665 (-56.9%), from €16,974 to €7,310
- Debts after one year -€7,310
no longer reported in 2025 (was €7,310)
- Financial income +€4,912
up €4,912 (+19.6%), from €25,088 to €30,000
- Gross operating margin -€3,096
down €3,096 (-12.0%), from €25,878 to €22,781
- Depreciation -€1,091
down €1,091 (-5.0%), from €21,703 to €20,612
- Taxes -€991
down €991 (-37.3%), from €2,659 to €1,668
- Financial charges -€777
down €777 (-40.7%), from €1,907 to €1,130
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 | €149,163 | €147,946 | -€1,217 | -0.8% |
| Fixed assets | 21/28 | €128,664 | €108,052 | -€20,612 | -16.0% |
| Tangible fixed assets | 22/27 | €85,453 | €64,841 | -€20,612 | -24.1% |
| Land and buildings | 22 | €63,788 | €48,393 | -€15,394 | -24.1% |
| Plant, machinery and equipment | 23 | €20,614 | €15,756 | -€4,858 | -23.6% |
| Furniture and vehicles | 24 | €1,051 | €691 | -€360 | -34.2% |
| Financial fixed assets | 28 | €43,212 | €43,212 | = | 0.0% |
| Current assets | 29/58 | €20,499 | €39,894 | +€19,395 | +94.6% |
| Amounts receivable within one year | 40/41 | €5,952 | €3,193 | -€2,760 | -46.4% |
| Trade receivables | 40 | €5,952 | €2,193 | -€3,760 | -63.2% |
| Other amounts receivable | 41 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €12,820 | €34,901 | +€22,081 | +172% |
| Deferred charges and accrued income | 490/1 | €1,727 | €1,801 | +€74 | +4.3% |
| Total equity and liabilities | 10/49 | €149,163 | €147,946 | -€1,217 | -0.8% |
| Equity | 10/15 | €85,583 | €111,355 | +€25,772 | +30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,983 | €92,755 | +€25,772 | +38.5% |
| Distributable reserves | 133 | €66,983 | €92,755 | +€25,772 | +38.5% |
| Amounts payable | 17/49 | €63,580 | €36,591 | -€26,989 | -42.4% |
| Amounts payable after more than one year | 17 | €7,310 | - | -€7,310 | |
| Financial debts | 170/4 | €7,310 | - | -€7,310 | |
| Amounts payable within one year | 42/48 | €56,270 | €36,591 | -€19,680 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €16,974 | €7,310 | -€9,665 | -56.9% |
| Trade debts | 44 | €332 | €50 | -€282 | -85.0% |
| Suppliers | 440/4 | €332 | €50 | -€282 | -85.0% |
| Taxes, remuneration and social security | 45 | €2,100 | €2,575 | +€475 | +22.6% |
| Taxes | 450/3 | €2,100 | €2,575 | +€475 | +22.6% |
| Other amounts payable | 47/48 | €36,864 | €26,656 | -€10,208 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,703 | €20,612 | -€1,091 | -5.0% |
| Other operating charges | 640/8 | €3,286 | €3,600 | +€314 | +9.6% |
| Gross operating margin | 9900 | €25,878 | €22,781 | -€3,096 | -12.0% |
| Operating profit (loss) | 9901 | €889 | -€1,430 | -€2,319 | |
| Financial income | 75/76B | €25,088 | €30,000 | +€4,912 | +19.6% |
| Recurring financial income | 75 | €25,088 | €30,000 | +€4,912 | +19.6% |
| Financial charges | 65/66B | €1,907 | €1,130 | -€777 | -40.7% |
| Recurring financial charges | 65 | €1,907 | €1,130 | -€777 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €24,070 | €27,440 | +€3,369 | +14.0% |
| Income taxes | 67/77 | €2,659 | €1,668 | -€991 | -37.3% |
| Profit (loss) for the period | 9904 | €21,412 | €25,772 | +€4,361 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,412 | €25,772 | +€4,361 | +20.4% |
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 22 October 2026 via checked.be.