ARTHURS-H: 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.
ARTHURS-H
Largest movements
- Receivables within one year +€12,392
up €12,392 (+24.2%), from €51,156 to €63,548
of which Trade receivables: +€11,911
- Tangible fixed assets -€3,429
down €3,429 (-86.5%), from €3,963 to €535
- Tax, wage and social debts +€11,658
up €11,658 (+104%), from €11,156 to €22,814
of which Taxes: +€9,917
- Profit (loss) carried forward -€11,653
down €11,653 (-49.0%), from -€23,802 to -€35,455
- Other debts +€8,937
up €8,937 (+55.3%), from €16,173 to €25,110
- Provisions +€7,384
up €7,384 (+102%), from €7,206 to €14,590
- Trade debts -€3,348
down €3,348 (-20.3%), from €16,479 to €13,131
- Gross operating margin -€36,284
down €36,284 (-87.1%), from €41,646 to €5,362
- Financial charges -€14,587
down €14,587 (-72.4%), from €20,145 to €5,559
- Provisions +€14,282
up €14,282, from -€6,898 to €7,384
- Depreciation -€6,059
down €6,059 (-63.9%), from €9,488 to €3,429
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 | €57,306 | €66,042 | +€8,735 | +15.2% |
| Fixed assets | 21/28 | €4,442 | €1,014 | -€3,429 | -77.2% |
| Tangible fixed assets | 22/27 | €3,963 | €535 | -€3,429 | -86.5% |
| Furniture and vehicles | 24 | €3,963 | €535 | -€3,429 | -86.5% |
| Financial fixed assets | 28 | €479 | €479 | = | 0.0% |
| Current assets | 29/58 | €52,864 | €65,028 | +€12,164 | +23.0% |
| Amounts receivable within one year | 40/41 | €51,156 | €63,548 | +€12,392 | +24.2% |
| Trade receivables | 40 | €51,156 | €63,067 | +€11,911 | +23.3% |
| Other amounts receivable | 41 | - | €481 | +€481 | |
| Cash at bank and in hand | 54/58 | €173 | €90 | -€82 | -47.7% |
| Deferred charges and accrued income | 490/1 | €1,536 | €1,390 | -€146 | -9.5% |
| Total equity and liabilities | 10/49 | €57,306 | €66,042 | +€8,735 | +15.2% |
| Equity | 10/15 | -€9,542 | -€21,195 | -€11,653 | -122% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,802 | -€35,455 | -€11,653 | -49.0% |
| Provisions and deferred taxes | 16 | €7,206 | €14,590 | +€7,384 | +102% |
| Provisions for liabilities and charges | 160/5 | €7,206 | €14,590 | +€7,384 | +102% |
| Other liabilities and charges | 164/5 | €7,206 | €14,590 | +€7,384 | +102% |
| Amounts payable | 17/49 | €59,642 | €72,646 | +€13,004 | +21.8% |
| Amounts payable after more than one year | 17 | €6,661 | €3,748 | -€2,913 | -43.7% |
| Financial debts | 170/4 | €6,661 | €3,748 | -€2,913 | -43.7% |
| Amounts payable within one year | 42/48 | €52,981 | €68,899 | +€15,918 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €5,621 | €5,570 | -€51 | -0.9% |
| Financial debts | 43 | €3,552 | €2,274 | -€1,279 | -36.0% |
| Credit institutions | 430/8 | €3,552 | €2,274 | -€1,279 | -36.0% |
| Trade debts | 44 | €16,479 | €13,131 | -€3,348 | -20.3% |
| Suppliers | 440/4 | €16,479 | €13,131 | -€3,348 | -20.3% |
| Taxes, remuneration and social security | 45 | €11,156 | €22,814 | +€11,658 | +104% |
| Taxes | 450/3 | €11,156 | €21,073 | +€9,917 | +88.9% |
| Remuneration and social security | 454/9 | - | €1,741 | +€1,741 | |
| Other amounts payable | 47/48 | €16,173 | €25,110 | +€8,937 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,488 | €3,429 | -€6,059 | -63.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,898 | €7,384 | +€14,282 | |
| Other operating charges | 640/8 | €1,059 | €729 | -€330 | -31.1% |
| Gross operating margin | 9900 | €41,646 | €5,362 | -€36,284 | -87.1% |
| Operating profit (loss) | 9901 | €37,997 | -€6,179 | -€44,176 | |
| Financial income | 75/76B | €78 | €85 | +€7 | +9.3% |
| Recurring financial income | 75 | €78 | €85 | +€7 | +9.3% |
| Financial charges | 65/66B | €20,145 | €5,559 | -€14,587 | -72.4% |
| Recurring financial charges | 65 | €20,145 | €5,559 | -€14,587 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €17,929 | -€11,653 | -€29,582 | |
| Income taxes | 67/77 | €182 | - | -€182 | |
| Profit (loss) for the period | 9904 | €17,747 | -€11,653 | -€29,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,747 | -€11,653 | -€29,400 |
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 14 October 2026 via checked.be.