FERME D'ARTHIMA: 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.
FERME D'ARTHIMA
Largest movements
- Intangible fixed assets +€251,090
up €251,090 (+278%), from €90,313 to €341,403
- Stocks and contracts -€210,320
down €210,320 (-65.0%), from €323,549 to €113,229
- Tangible fixed assets +€193,690
up €193,690 (+27.0%), from €716,579 to €910,269
of which Furniture and vehicles: +€197,625
- Cash +€53,746
up €53,746 (+281%), from €19,153 to €72,899
mainly Debts after one year (+€552,335) and Stocks and contracts (+€210,320)
- Receivables within one year +€35,139
up €35,139 (+8.7%), from €402,080 to €437,219
of which Trade receivables: +€45,494
- Debts after one year +€552,335
up €552,335 (+339%), from €162,857 to €715,192
- Other debts -€256,306
down €256,306 (-21.4%), from €1.2m to €940,706
- Profit (loss) carried forward -€189,670
down €189,670 (-240%), from -€79,190 to -€268,860
- Trade debts +€138,574
up €138,574 (+421%), from €32,927 to €171,501
- Current portion of long-term debt +€52,005
up €52,005 (+82.5%), from €63,055 to €115,060
- Gross operating margin -€134,320
down €134,320, from €119,148 to -€15,173
- Depreciation +€54,912
up €54,912 (+42.4%), from €129,548 to €184,461
- Other operating charges -€13,570
down €13,570 (-68.4%), from €19,850 to €6,280
- Financial charges +€9,761
up €9,761 (+201%), from €4,855 to €14,616
of which Financial charges: +€11,221
- Financial income -€5,790
down €5,790 (-57.3%), from €10,099 to €4,309
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,556,039 | €1,891,775 | +€335,736 | +21.6% |
| Fixed assets | 21/28 | €807,163 | €1,251,672 | +€444,510 | +55.1% |
| Intangible fixed assets | 21 | €90,313 | €341,403 | +€251,090 | +278% |
| Tangible fixed assets | 22/27 | €716,579 | €910,269 | +€193,690 | +27.0% |
| Land and buildings | 22 | €238,675 | €216,401 | -€22,273 | -9.3% |
| Plant, machinery and equipment | 23 | €346,735 | €365,072 | +€18,337 | +5.3% |
| Furniture and vehicles | 24 | €131,170 | €328,795 | +€197,625 | +151% |
| Financial fixed assets | 28 | €270 | - | -€270 | |
| Current assets | 29/58 | €748,876 | €640,103 | -€108,773 | -14.5% |
| Stocks and contracts in progress | 3 | €323,549 | €113,229 | -€210,320 | -65.0% |
| Stocks | 30/36 | €323,549 | €113,229 | -€210,320 | -65.0% |
| Amounts receivable within one year | 40/41 | €402,080 | €437,219 | +€35,139 | +8.7% |
| Trade receivables | 40 | €381,300 | €426,794 | +€45,494 | +11.9% |
| Other amounts receivable | 41 | €20,780 | €10,426 | -€10,354 | -49.8% |
| Cash at bank and in hand | 54/58 | €19,153 | €72,899 | +€53,746 | +281% |
| Deferred charges and accrued income | 490/1 | €4,094 | €16,756 | +€12,662 | +309% |
| Total equity and liabilities | 10/49 | €1,556,039 | €1,891,775 | +€335,736 | +21.6% |
| Equity | 10/15 | €99,362 | -€94,095 | -€193,457 | |
| Contributions | 10/11 | €85,600 | €85,600 | = | 0.0% |
| Capital | 10 | €85,600 | €85,600 | = | 0.0% |
| Issued capital | 100 | €85,600 | €85,600 | = | 0.0% |
| Reserves | 13 | €76,310 | €76,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,560 | €8,560 | = | 0.0% |
| Legal reserve | 130 | €8,560 | €8,560 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,750 | €67,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,190 | -€268,860 | -€189,670 | -240% |
| Investment grants | 15 | €16,642 | €12,855 | -€3,787 | -22.8% |
| Amounts payable | 17/49 | €1,456,677 | €1,985,870 | +€529,193 | +36.3% |
| Amounts payable after more than one year | 17 | €162,857 | €715,192 | +€552,335 | +339% |
| Financial debts | 170/4 | €162,857 | €715,192 | +€552,335 | +339% |
| Amounts payable within one year | 42/48 | €1,293,821 | €1,232,190 | -€61,631 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €63,055 | €115,060 | +€52,005 | +82.5% |
| Trade debts | 44 | €32,927 | €171,501 | +€138,574 | +421% |
| Suppliers | 440/4 | €32,927 | €171,501 | +€138,574 | +421% |
| Taxes, remuneration and social security | 45 | €827 | €4,923 | +€4,096 | +495% |
| Taxes | 450/3 | €827 | €4,923 | +€4,096 | +495% |
| Other amounts payable | 47/48 | €1,197,012 | €940,706 | -€256,306 | -21.4% |
| Accrued charges and deferred income | 492/3 | - | €38,489 | +€38,489 | |
| Remuneration, social security and pensions | 62 | - | €47 | +€47 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,548 | €184,461 | +€54,912 | +42.4% |
| Other operating charges | 640/8 | €19,850 | €6,280 | -€13,570 | -68.4% |
| Gross operating margin | 9900 | €119,148 | -€15,173 | -€134,320 | |
| Operating profit (loss) | 9901 | -€30,251 | -€205,961 | -€175,710 | -581% |
| Financial income | 75/76B | €10,099 | €4,309 | -€5,790 | -57.3% |
| Recurring financial income | 75 | €10,099 | €4,309 | -€5,790 | -57.3% |
| Financial charges | 65/66B | €4,855 | €14,616 | +€9,761 | +201% |
| Recurring financial charges | 65 | €3,396 | €14,616 | +€11,221 | +330% |
| Non-recurring financial charges | 66B | €1,459 | - | -€1,459 | |
| Profit (loss) for the period before taxes | 9903 | -€25,007 | -€216,268 | -€191,261 | -765% |
| Income taxes | 67/77 | €643 | €626 | -€16 | -2.5% |
| Profit (loss) for the period | 9904 | -€25,650 | -€216,895 | -€191,245 | -746% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,650 | -€216,895 | -€191,245 | -746% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.