ARTUUR: 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.
ARTUUR
Largest movements
- Tangible fixed assets -€40,574
down €40,574 (-3.8%), from €1.1m to €1.0m
of which Land and buildings: -€32,469
- Cash +€25,345
up €25,345 (+69.4%), from €36,530 to €61,875
mainly Depreciation (+€45,893) and Net result for the year (+€17,008)
- Debts after one year -€42,805
down €42,805 (-18.0%), from €238,095 to €195,289
- Reserves +€15,258
up €15,258 (+17.7%), from €86,221 to €101,479
- Gross operating margin +€5,112
up €5,112 (+5.7%), from €89,526 to €94,638
- Taxes +€4,372
up €4,372 (+232.1%), from €1,884 to €6,255
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 | €1,113,799 | €1,093,452 | -€20,347 | -1.8% |
| Fixed assets | 21/28 | €1,056,759 | €1,016,185 | -€40,574 | -3.8% |
| Tangible fixed assets | 22/27 | €1,056,759 | €1,016,185 | -€40,574 | -3.8% |
| Land and buildings | 22 | €1,034,110 | €1,001,641 | -€32,469 | -3.1% |
| Furniture and vehicles | 24 | €22,650 | €14,545 | -€8,105 | -35.8% |
| Current assets | 29/58 | €57,040 | €77,267 | +€20,227 | +35.5% |
| Amounts receivable within one year | 40/41 | €14,993 | €9,784 | -€5,209 | -34.7% |
| Trade receivables | 40 | €12,377 | €9,784 | -€2,593 | -20.9% |
| Other amounts receivable | 41 | €2,616 | €0 | -€2,616 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,530 | €61,875 | +€25,345 | +69.4% |
| Deferred charges and accrued income | 490/1 | €5,517 | €5,607 | +€91 | +1.6% |
| Total equity and liabilities | 10/49 | €1,113,799 | €1,093,452 | -€20,347 | -1.8% |
| Equity | 10/15 | €216,221 | €231,479 | +€15,258 | +7.1% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €86,221 | €101,479 | +€15,258 | +17.7% |
| Distributable reserves | 133 | €86,221 | €101,479 | +€15,258 | +17.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €897,578 | €861,973 | -€35,605 | -4.0% |
| Amounts payable after more than one year | 17 | €238,095 | €195,289 | -€42,805 | -18.0% |
| Financial debts | 170/4 | €238,095 | €195,289 | -€42,805 | -18.0% |
| Amounts payable within one year | 42/48 | €641,093 | €647,069 | +€5,977 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €41,672 | €42,805 | +€1,134 | +2.7% |
| Trade debts | 44 | €3,220 | €3,524 | +€304 | +9.4% |
| Suppliers | 440/4 | €3,220 | €3,524 | +€304 | +9.4% |
| Taxes, remuneration and social security | 45 | €4,282 | €7,961 | +€3,679 | +85.9% |
| Taxes | 450/3 | €2,782 | €6,461 | +€3,679 | +132.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €591,919 | €592,779 | +€860 | +0.1% |
| Accrued charges and deferred income | 492/3 | €18,391 | €19,615 | +€1,224 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,193 | €45,893 | +€700 | +1.5% |
| Other operating charges | 640/8 | €7,826 | €8,761 | +€934 | +11.9% |
| Gross operating margin | 9900 | €89,526 | €94,638 | +€5,112 | +5.7% |
| Operating profit (loss) | 9901 | €36,507 | €39,985 | +€3,477 | +9.5% |
| Financial income | 75/76B | €67 | €33 | -€34 | -50.1% |
| Recurring financial income | 75 | €67 | €33 | -€34 | -50.1% |
| Financial charges | 65/66B | €17,135 | €16,755 | -€380 | -2.2% |
| Recurring financial charges | 65 | €17,135 | €16,755 | -€380 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €19,440 | €23,263 | +€3,823 | +19.7% |
| Income taxes | 67/77 | €1,884 | €6,255 | +€4,372 | +232.1% |
| Profit (loss) for the period | 9904 | €17,556 | €17,008 | -€548 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,556 | €17,008 | -€548 | -3.1% |
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 3 October 2026 via checked.be.