ARTHUR & ZOE: 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 & ZOE
Largest movements
- Tangible fixed assets -€12,146
down €12,146 (-27.1%), from €44,822 to €32,676
of which Furniture and vehicles: -€9,898
- Receivables within one year +€6,647
up €6,647 (+282%), from €2,357 to €9,004
of which Trade receivables: +€6,644
- Cash -€6,235
down €6,235 (-55.2%), from €11,303 to €5,068
mainly Debts after one year (-€19,359) and Net result for the year (-€9,629)
- Debts after one year -€19,359
down €19,359 (-15.0%), from €128,689 to €109,331
- Other debts +€16,800
up €16,800 (+131%), from €12,819 to €29,620
- Profit (loss) carried forward -€9,629
down €9,629 (-21.5%), from €44,834 to €35,205
- Trade debts +€2,901
up €2,901 (+19.6%), from €14,823 to €17,724
- Staff costs +€1,708
up €1,708 (+4.0%), from €43,022 to €44,729
- Depreciation -€891
down €891 (-6.6%), from €13,539 to €12,647
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 | €277,463 | €267,064 | -€10,399 | -3.7% |
| Fixed assets | 21/28 | €47,809 | €37,177 | -€10,632 | -22.2% |
| Intangible fixed assets | 21 | €487 | €2,001 | +€1,514 | +311% |
| Tangible fixed assets | 22/27 | €44,822 | €32,676 | -€12,146 | -27.1% |
| Land and buildings | 22 | €326 | €81 | -€244 | -75.0% |
| Furniture and vehicles | 24 | €35,625 | €25,727 | -€9,898 | -27.8% |
| Other tangible fixed assets | 26 | €8,871 | €6,868 | -€2,003 | -22.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €229,654 | €229,887 | +€233 | +0.1% |
| Stocks and contracts in progress | 3 | €214,441 | €214,236 | -€205 | -0.1% |
| Stocks | 30/36 | €214,441 | €214,236 | -€205 | -0.1% |
| Amounts receivable within one year | 40/41 | €2,357 | €9,004 | +€6,647 | +282% |
| Trade receivables | 40 | €2,349 | €8,993 | +€6,644 | +283% |
| Other amounts receivable | 41 | €8 | €11 | +€3 | +31.9% |
| Cash at bank and in hand | 54/58 | €11,303 | €5,068 | -€6,235 | -55.2% |
| Deferred charges and accrued income | 490/1 | €1,553 | €1,578 | +€25 | +1.6% |
| Total equity and liabilities | 10/49 | €277,463 | €267,064 | -€10,399 | -3.7% |
| Equity | 10/15 | €91,034 | €81,405 | -€9,629 | -10.6% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €4,200 | €4,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,200 | €4,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,200 | €4,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,834 | €35,205 | -€9,629 | -21.5% |
| Amounts payable | 17/49 | €186,429 | €185,659 | -€770 | -0.4% |
| Amounts payable after more than one year | 17 | €128,689 | €109,331 | -€19,359 | -15.0% |
| Financial debts | 170/4 | €128,689 | €109,331 | -€19,359 | -15.0% |
| Amounts payable within one year | 42/48 | €57,740 | €76,329 | +€18,588 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €18,960 | €19,359 | +€399 | +2.1% |
| Trade debts | 44 | €14,823 | €17,724 | +€2,901 | +19.6% |
| Suppliers | 440/4 | €14,823 | €17,724 | +€2,901 | +19.6% |
| Taxes, remuneration and social security | 45 | €11,138 | €9,626 | -€1,512 | -13.6% |
| Taxes | 450/3 | €3,619 | €1,918 | -€1,701 | -47.0% |
| Remuneration and social security | 454/9 | €7,519 | €7,708 | +€189 | +2.5% |
| Other amounts payable | 47/48 | €12,819 | €29,620 | +€16,800 | +131% |
| Remuneration, social security and pensions | 62 | €43,022 | €44,729 | +€1,708 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,539 | €12,647 | -€891 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€47 | -€13 | +€34 | +72.4% |
| Other operating charges | 640/8 | €950 | €967 | +€17 | +1.8% |
| Gross operating margin | 9900 | €60,119 | €59,874 | -€245 | -0.4% |
| Operating profit (loss) | 9901 | €2,657 | €1,544 | -€1,113 | -41.9% |
| Financial income | 75/76B | €149 | €42 | -€108 | -72.0% |
| Recurring financial income | 75 | €149 | €42 | -€108 | -72.0% |
| Financial charges | 65/66B | €11,372 | €11,031 | -€341 | -3.0% |
| Recurring financial charges | 65 | €11,372 | €11,031 | -€341 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,566 | -€9,446 | -€880 | -10.3% |
| Income taxes | 67/77 | €135 | €184 | +€49 | +36.1% |
| Profit (loss) for the period | 9904 | -€8,701 | -€9,629 | -€928 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,701 | -€9,629 | -€928 | -10.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.