ARTHOPA: what changed
ARTHOPA
Largest movements
- Cash -€47,806
down €47,806 (-54.3%), from €88,111 to €40,305
mainly Net result for the year (-€37,797) and Tax, wage and social debts (-€27,722)
- Deferred charges and accrued income -€12,425
down €12,425 (-94.4%), from €13,156 to €731
- Receivables within one year +€9,843
up €9,843 (+5.9%), from €166,949 to €176,793
of which Trade receivables: +€9,774
- Stocks and contracts +€7,500
up €7,500 (+150%), from €5,000 to €12,500
- Trade debts +€47,583
up €47,583 (+95.0%), from €50,074 to €97,657
- Profit (loss) carried forward -€37,797
down €37,797 (-15.6%), from €242,681 to €204,884
- Tax, wage and social debts -€27,722
down €27,722 (-36.0%), from €77,041 to €49,319
of which Taxes: -€26,103
- Debts after one year -€14,000
down €14,000 (-30.9%), from €45,334 to €31,334
of which Financial debts: -€14,000
- Other debts -€13,777
down €13,777 (-52.0%), from €26,508 to €12,730
- Turnover +€112,988
up €112,988 (+15.9%), from €712,539 to €825,527
- Staff costs +€69,832
up €69,832 (+35.2%), from €198,497 to €268,328
- Gross operating margin -€61,888
down €61,888 (-18.9%), from €326,623 to €264,735
- Purchases and services +€24,314
up €24,314 (+4.2%), from €582,748 to €607,062
- Taxes -€19,834
down €19,834 (-97.7%), from €20,297 to €463
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €479,494 | €435,465 | -€44,029 | -9.2% |
| Fixed assets | 21/28 | €206,278 | €205,136 | -€1,141 | -0.6% |
| Tangible fixed assets | 22/27 | €198,928 | €201,386 | +€2,459 | +1.2% |
| Land and buildings | 22 | €180,714 | €181,380 | +€665 | +0.4% |
| Plant, machinery and equipment | 23 | €3,402 | €2,794 | -€609 | -17.9% |
| Furniture and vehicles | 24 | €8,606 | €6,287 | -€2,319 | -26.9% |
| Other tangible fixed assets | 26 | €6,205 | €10,925 | +€4,721 | +76.1% |
| Financial fixed assets | 28 | €7,350 | €3,750 | -€3,600 | -49.0% |
| Current assets | 29/58 | €273,217 | €230,329 | -€42,888 | -15.7% |
| Stocks and contracts in progress | 3 | €5,000 | €12,500 | +€7,500 | +150% |
| Stocks | 30/36 | €5,000 | €12,500 | +€7,500 | +150% |
| Amounts receivable within one year | 40/41 | €166,949 | €176,793 | +€9,843 | +5.9% |
| Trade receivables | 40 | €166,844 | €176,617 | +€9,774 | +5.9% |
| Other amounts receivable | 41 | €106 | €176 | +€70 | +65.8% |
| Cash at bank and in hand | 54/58 | €88,111 | €40,305 | -€47,806 | -54.3% |
| Deferred charges and accrued income | 490/1 | €13,156 | €731 | -€12,425 | -94.4% |
| Total equity and liabilities | 10/49 | €479,494 | €435,465 | -€44,029 | -9.2% |
| Equity | 10/15 | €264,681 | €226,884 | -€37,797 | -14.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,681 | €204,884 | -€37,797 | -15.6% |
| Amounts payable | 17/49 | €214,814 | €208,581 | -€6,233 | -2.9% |
| Amounts payable after more than one year | 17 | €45,334 | €31,334 | -€14,000 | -30.9% |
| Financial debts | 170/4 | €44,104 | €30,104 | -€14,000 | -31.7% |
| Other amounts payable | 178/9 | €1,230 | €1,230 | = | 0.0% |
| Amounts payable within one year | 42/48 | €169,479 | €175,052 | +€5,573 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €15,856 | €15,345 | -€511 | -3.2% |
| Trade debts | 44 | €50,074 | €97,657 | +€47,583 | +95.0% |
| Suppliers | 440/4 | €50,074 | €97,657 | +€47,583 | +95.0% |
| Taxes, remuneration and social security | 45 | €77,041 | €49,319 | -€27,722 | -36.0% |
| Taxes | 450/3 | €43,857 | €17,754 | -€26,103 | -59.5% |
| Remuneration and social security | 454/9 | €33,184 | €31,565 | -€1,619 | -4.9% |
| Other amounts payable | 47/48 | €26,508 | €12,730 | -€13,777 | -52.0% |
| Accrued charges and deferred income | 492/3 | - | €2,195 | +€2,195 | |
| Turnover | 70 | €712,539 | €825,527 | +€112,988 | +15.9% |
| Non-recurring operating income | 76A | €154,593 | €4,378 | -€150,215 | -97.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €582,748 | €607,062 | +€24,314 | +4.2% |
| Remuneration, social security and pensions | 62 | €198,497 | €268,328 | +€69,832 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,499 | €14,731 | -€2,768 | -15.8% |
| Other operating charges | 640/8 | €10,438 | €4,613 | -€5,825 | -55.8% |
| Gross operating margin | 9900 | €326,623 | €264,735 | -€61,888 | -18.9% |
| Operating profit (loss) | 9901 | €100,190 | -€22,937 | -€123,126 | |
| Financial income | 75/76B | €2,744 | €2,321 | -€423 | -15.4% |
| Recurring financial income | 75 | €1,482 | €962 | -€519 | -35.0% |
| Non-recurring financial income | 76B | €1,262 | €1,358 | +€96 | +7.6% |
| Financial charges | 65/66B | €22,403 | €16,718 | -€5,685 | -25.4% |
| Recurring financial charges | 65 | €20,133 | €9,629 | -€10,503 | -52.2% |
| Non-recurring financial charges | 66B | €2,271 | €7,089 | +€4,818 | +212% |
| Profit (loss) for the period before taxes | 9903 | €80,531 | -€37,334 | -€117,864 | |
| Income taxes | 67/77 | €20,297 | €463 | -€19,834 | -97.7% |
| Profit (loss) for the period | 9904 | €60,233 | -€37,797 | -€98,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,233 | -€37,797 | -€98,030 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.