ARTHUS: 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.
ARTHUS
Largest movements
- Stocks and contracts +€48,274
up €48,274 (+4.2%), from €1.2m to €1.2m
- Receivables within one year -€15,275
down €15,275 (-93.0%), from €16,419 to €1,144
- Other debts +€24,942
up €24,942 (+2.6%), from €956,957 to €981,898
- Gross operating margin -€6,326
down €6,326 (-16.0%), from €39,489 to €33,163
- Taxes +€2,465
new in 2026: €2,465
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,174,369 | €1,215,188 | +€40,819 | +3.5% |
| Current assets | 29/58 | €1,174,369 | €1,215,188 | +€40,819 | +3.5% |
| Stocks and contracts in progress | 3 | €1,153,933 | €1,202,207 | +€48,274 | +4.2% |
| Stocks | 30/36 | €1,153,933 | €1,202,207 | +€48,274 | +4.2% |
| Amounts receivable within one year | 40/41 | €16,419 | €1,144 | -€15,275 | -93.0% |
| Other amounts receivable | 41 | €16,419 | €1,144 | -€15,275 | -93.0% |
| Cash at bank and in hand | 54/58 | €4,016 | €11,836 | +€7,821 | +194.7% |
| Total equity and liabilities | 10/49 | €1,174,369 | €1,215,188 | +€40,819 | +3.5% |
| Equity | 10/15 | €111,202 | €122,557 | +€11,355 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €103,142 | €114,497 | +€11,355 | +11.0% |
| Amounts payable | 17/49 | €1,063,167 | €1,092,631 | +€29,464 | +2.8% |
| Amounts payable within one year | 42/48 | €1,063,167 | €1,092,631 | +€29,464 | +2.8% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €6,210 | €4,483 | -€1,727 | -27.8% |
| Suppliers | 440/4 | €6,210 | €4,483 | -€1,727 | -27.8% |
| Taxes, remuneration and social security | 45 | - | €6,249 | +€6,249 | |
| Taxes | 450/3 | - | €6,249 | +€6,249 | |
| Other amounts payable | 47/48 | €956,957 | €981,898 | +€24,942 | +2.6% |
| Other operating charges | 640/8 | €1,349 | €1,384 | +€35 | +2.6% |
| Gross operating margin | 9900 | €39,489 | €33,163 | -€6,326 | -16.0% |
| Operating profit (loss) | 9901 | €38,139 | €31,779 | -€6,360 | -16.7% |
| Financial charges | 65/66B | €17,576 | €17,959 | +€383 | +2.2% |
| Recurring financial charges | 65 | €17,576 | €17,959 | +€383 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €20,563 | €13,820 | -€6,743 | -32.8% |
| Income taxes | 67/77 | - | €2,465 | +€2,465 | |
| Profit (loss) for the period | 9904 | €20,563 | €11,355 | -€9,208 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,563 | €11,355 | -€9,208 | -44.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.