SIR_ARTO: 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.
SIR_ARTO
Largest movements
- Cash +€176,892
up €176,892 (+204%), from €86,736 to €263,628
mainly Current investments (+€125,358) and Net result for the year (+€80,741)
- Current investments -€125,358
down €125,358 (-62.7%), from €199,914 to €74,557
- Receivables within one year +€9,532
up €9,532 (+2,264%), from €421 to €9,953
- Reserves +€80,000
up €80,000 (+34.6%), from €231,272 to €311,272
of which Distributable reserves: +€80,000
- Other debts -€9,416
down €9,416 (-38.8%), from €24,254 to €14,838
- Profit (loss) carried forward -€9,059
down €9,059 (-99.8%), from €9,073 to €15
- Financial income +€2,221
up €2,221 (+133%), from €1,673 to €3,894
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 | €287,743 | €348,918 | +€61,175 | +21.3% |
| Fixed assets | 21/28 | €672 | €491 | -€181 | -27.0% |
| Tangible fixed assets | 22/27 | €672 | €491 | -€181 | -27.0% |
| Furniture and vehicles | 24 | €672 | €491 | -€181 | -27.0% |
| Current assets | 29/58 | €287,071 | €348,427 | +€61,356 | +21.4% |
| Amounts receivable within one year | 40/41 | €421 | €9,953 | +€9,532 | +2,264% |
| Other amounts receivable | 41 | €421 | €9,953 | +€9,532 | +2,264% |
| Current investments | 50/53 | €199,914 | €74,557 | -€125,358 | -62.7% |
| Cash at bank and in hand | 54/58 | €86,736 | €263,628 | +€176,892 | +204% |
| Deferred charges and accrued income | 490/1 | - | €290 | +€290 | |
| Total equity and liabilities | 10/49 | €287,743 | €348,918 | +€61,175 | +21.3% |
| Equity | 10/15 | €258,945 | €329,887 | +€70,941 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,272 | €311,272 | +€80,000 | +34.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €229,412 | €309,412 | +€80,000 | +34.9% |
| Profit (loss) carried forward | 14 | €9,073 | €15 | -€9,059 | -99.8% |
| Amounts payable | 17/49 | €28,798 | €19,031 | -€9,766 | -33.9% |
| Amounts payable within one year | 42/48 | €28,798 | €19,031 | -€9,766 | -33.9% |
| Trade debts | 44 | - | €515 | +€515 | |
| Suppliers | 440/4 | - | €515 | +€515 | |
| Taxes, remuneration and social security | 45 | €4,543 | €3,678 | -€866 | -19.1% |
| Taxes | 450/3 | €4,543 | €3,678 | -€866 | -19.1% |
| Other amounts payable | 47/48 | €24,254 | €14,838 | -€9,416 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €181 | -€5 | -2.9% |
| Other operating charges | 640/8 | €720 | €400 | -€320 | -44.5% |
| Gross operating margin | 9900 | €116,687 | €117,397 | +€710 | +0.6% |
| Operating profit (loss) | 9901 | €115,781 | €116,816 | +€1,035 | +0.9% |
| Financial income | 75/76B | €1,673 | €3,894 | +€2,221 | +133% |
| Recurring financial income | 75 | €1,673 | €3,894 | +€2,221 | +133% |
| Financial charges | 65/66B | €120 | €333 | +€212 | +177% |
| Recurring financial charges | 65 | €120 | €333 | +€212 | +177% |
| Profit (loss) for the period before taxes | 9903 | €117,334 | €120,377 | +€3,044 | +2.6% |
| Income taxes | 67/77 | €38,579 | €39,636 | +€1,057 | +2.7% |
| Profit (loss) for the period | 9904 | €78,755 | €80,741 | +€1,986 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,755 | €80,741 | +€1,986 | +2.5% |
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 30 October 2026 via checked.be.