ARTURBO: what changed
Two fiscal 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.
ARTURBO
Largest movements
- Cash +€21,769
up €21,769 (+69.9%), from €31,155 to €52,925
mainly Net result for the year (+€33,001) and Depreciation (+€5,384)
- Receivables within one year +€8,049
up €8,049 (+29.4%), from €27,342 to €35,390
of which Other amounts receivable: +€4,753
- Reserves +€33,001
up €33,001 (+46.4%), from €71,047 to €104,048
- Trade debts -€2,511
down €2,511 (-95.5%), from €2,629 to €118
- Gross operating margin -€26,797
down €26,797 (-30.6%), from €87,528 to €60,731
- Other operating charges -€5,316
down €5,316 (-30.7%), from €17,287 to €11,971
- Taxes -€4,805
down €4,805 (-31.9%), from €15,053 to €10,247
- Depreciation +€2,009
up €2,009 (+59.5%), from €3,376 to €5,384
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.
Cash bridge derived
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 | €97,579 | €128,022 | +€30,443 | +31.2% |
| Fixed assets | 21/28 | €35,943 | €36,470 | +€527 | +1.5% |
| Tangible fixed assets | 22/27 | €35,943 | €36,470 | +€527 | +1.5% |
| Plant, machinery and equipment | 23 | €3,887 | €2,921 | -€966 | -24.9% |
| Furniture and vehicles | 24 | - | €5,024 | +€5,024 | |
| Other tangible fixed assets | 26 | €32,056 | €28,525 | -€3,531 | -11.0% |
| Current assets | 29/58 | €61,636 | €91,552 | +€29,916 | +48.5% |
| Amounts receivable within one year | 40/41 | €27,342 | €35,390 | +€8,049 | +29.4% |
| Trade receivables | 40 | €23,280 | €26,576 | +€3,296 | +14.2% |
| Other amounts receivable | 41 | €4,062 | €8,815 | +€4,753 | +117.0% |
| Cash at bank and in hand | 54/58 | €31,155 | €52,925 | +€21,769 | +69.9% |
| Deferred charges and accrued income | 490/1 | €3,139 | €3,237 | +€98 | +3.1% |
| Total equity and liabilities | 10/49 | €97,579 | €128,022 | +€30,443 | +31.2% |
| Equity | 10/15 | €73,547 | €106,548 | +€33,001 | +44.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €71,047 | €104,048 | +€33,001 | +46.4% |
| Distributable reserves | 133 | €71,047 | €104,048 | +€33,001 | +46.4% |
| Amounts payable | 17/49 | €24,032 | €21,474 | -€2,558 | -10.6% |
| Amounts payable within one year | 42/48 | €24,032 | €20,474 | -€3,558 | -14.8% |
| Trade debts | 44 | €2,629 | €118 | -€2,511 | -95.5% |
| Suppliers | 440/4 | €2,629 | €118 | -€2,511 | -95.5% |
| Taxes, remuneration and social security | 45 | €20,864 | €20,346 | -€517 | -2.5% |
| Taxes | 450/3 | €16,264 | €15,746 | -€517 | -3.2% |
| Remuneration and social security | 454/9 | €4,600 | €4,600 | = | 0.0% |
| Other amounts payable | 47/48 | €540 | €10 | -€529 | -98.1% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,376 | €5,384 | +€2,009 | +59.5% |
| Other operating charges | 640/8 | €17,287 | €11,971 | -€5,316 | -30.7% |
| Gross operating margin | 9900 | €87,528 | €60,731 | -€26,797 | -30.6% |
| Operating profit (loss) | 9901 | €66,866 | €43,375 | -€23,491 | -35.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €180 | €128 | -€52 | -29.0% |
| Recurring financial charges | 65 | €180 | €128 | -€52 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €66,686 | €43,248 | -€23,437 | -35.1% |
| Income taxes | 67/77 | €15,053 | €10,247 | -€4,805 | -31.9% |
| Profit (loss) for the period | 9904 | €51,633 | €33,001 | -€18,632 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,633 | €33,001 | -€18,632 | -36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.