ARTHURO: 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.
ARTHURO
Largest movements
- Cash -€40,652
down €40,652 (-90.1%), from €45,123 to €4,470
mainly Net result for the year (-€21,851) and Tax, wage and social debts (-€19,182)
- Stocks and contracts -€23,561
down €23,561 (-38.7%), from €60,927 to €37,366
- Receivables within one year -€6,335
down €6,335 (-5.9%), from €106,977 to €100,642
of which Other amounts receivable: -€4,495
- Reserves -€21,851
down €21,851 (-11.1%), from €196,693 to €174,842
of which Distributable reserves: -€21,851
- Tax, wage and social debts -€19,182
down €19,182 (-27.4%), from €69,945 to €50,764
of which Taxes: -€16,768
- Trade debts -€13,461
down €13,461 (-21.6%), from €62,280 to €48,819
- Other debts -€11,819
down €11,819 (-12.7%), from €93,357 to €81,538
- Current portion of long-term debt -€5,823
down €5,823 (-63.2%), from €9,213 to €3,390
- Taxes -€35,222
down €35,222 (-99.0%), from €35,579 to €357
- Gross operating margin -€34,855
down €34,855 (-29.4%), from €118,647 to €83,793
- Other operating charges -€23,374
down €23,374 (-91.8%), from €25,474 to €2,100
- Staff costs -€7,413
down €7,413 (-6.9%), from €107,871 to €100,459
- Financial charges -€3,001
down €3,001 (-31.5%), from €9,513 to €6,512
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.
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 | €457,130 | €386,318 | -€70,812 | -15.5% |
| Fixed assets | 21/28 | €12,177 | €10,144 | -€2,033 | -16.7% |
| Tangible fixed assets | 22/27 | €12,177 | €10,144 | -€2,033 | -16.7% |
| Plant, machinery and equipment | 23 | €1,528 | €1,367 | -€161 | -10.5% |
| Furniture and vehicles | 24 | €10,435 | €8,777 | -€1,658 | -15.9% |
| Other tangible fixed assets | 26 | €214 | €0 | -€214 | -100% |
| Current assets | 29/58 | €444,952 | €376,173 | -€68,779 | -15.5% |
| Amounts receivable after more than one year | 29 | €225,000 | €225,000 | = | 0.0% |
| Other amounts receivable | 291 | €225,000 | €225,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €60,927 | €37,366 | -€23,561 | -38.7% |
| Stocks | 30/36 | €60,927 | €37,366 | -€23,561 | -38.7% |
| Amounts receivable within one year | 40/41 | €106,977 | €100,642 | -€6,335 | -5.9% |
| Trade receivables | 40 | €94,081 | €92,241 | -€1,840 | -2.0% |
| Other amounts receivable | 41 | €12,896 | €8,400 | -€4,495 | -34.9% |
| Cash at bank and in hand | 54/58 | €45,123 | €4,470 | -€40,652 | -90.1% |
| Deferred charges and accrued income | 490/1 | €6,926 | €8,695 | +€1,770 | +25.6% |
| Total equity and liabilities | 10/49 | €457,130 | €386,318 | -€70,812 | -15.5% |
| Equity | 10/15 | €215,293 | €193,442 | -€21,851 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €196,693 | €174,842 | -€21,851 | -11.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €196,693 | €174,842 | -€21,851 | -11.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €241,837 | €192,876 | -€48,961 | -20.2% |
| Amounts payable after more than one year | 17 | €3,390 | €0 | -€3,390 | -100% |
| Financial debts | 170/4 | €3,390 | €0 | -€3,390 | -100% |
| Amounts payable within one year | 42/48 | €235,671 | €185,037 | -€50,634 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €9,213 | €3,390 | -€5,823 | -63.2% |
| Financial debts | 43 | €875 | €526 | -€349 | -39.9% |
| Other loans | 439 | €875 | €526 | -€349 | -39.9% |
| Trade debts | 44 | €62,280 | €48,819 | -€13,461 | -21.6% |
| Suppliers | 440/4 | €62,280 | €48,819 | -€13,461 | -21.6% |
| Taxes, remuneration and social security | 45 | €69,945 | €50,764 | -€19,182 | -27.4% |
| Taxes | 450/3 | €52,332 | €35,564 | -€16,768 | -32.0% |
| Remuneration and social security | 454/9 | €17,614 | €15,200 | -€2,414 | -13.7% |
| Other amounts payable | 47/48 | €93,357 | €81,538 | -€11,819 | -12.7% |
| Accrued charges and deferred income | 492/3 | €2,776 | €7,839 | +€5,063 | +182% |
| Non-recurring operating income | 76A | €4,472 | €0 | -€4,472 | -100% |
| Remuneration, social security and pensions | 62 | €107,871 | €100,459 | -€7,413 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,640 | €4,532 | -€2,108 | -31.7% |
| Other operating charges | 640/8 | €25,474 | €2,100 | -€23,374 | -91.8% |
| Non-recurring operating charges | 66A | €5,667 | €0 | -€5,667 | -100% |
| Gross operating margin | 9900 | €118,647 | €83,793 | -€34,855 | -29.4% |
| Operating profit (loss) | 9901 | -€27,005 | -€23,298 | +€3,707 | +13.7% |
| Financial income | 75/76B | €8,291 | €8,316 | +€25 | +0.3% |
| Recurring financial income | 75 | €8,291 | €8,316 | +€25 | +0.3% |
| Financial charges | 65/66B | €9,513 | €6,512 | -€3,001 | -31.5% |
| Recurring financial charges | 65 | €9,513 | €6,512 | -€3,001 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,227 | -€21,493 | +€6,733 | +23.9% |
| Income taxes | 67/77 | €35,579 | €357 | -€35,222 | -99.0% |
| Profit (loss) for the period | 9904 | -€63,806 | -€21,851 | +€41,955 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,806 | -€21,851 | +€41,955 | +65.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.