ART'ELEC WIRELESS SYSTEMS: 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.
ART'ELEC WIRELESS SYSTEMS
Largest movements
- Receivables within one year -€41,960
down €41,960 (-39.4%), from €106,489 to €64,529
of which Other amounts receivable: -€37,898
- Cash -€31,489
down €31,489 (-33.3%), from €94,489 to €63,000
mainly Other debts (-€147,010) and Debts after one year (-€18,113)
- Tangible fixed assets -€16,345
down €16,345 (-12.4%), from €131,431 to €115,086
of which Land and buildings: -€15,675
- Other debts -€147,010
down €147,010 (-82.5%), from €178,209 to €31,199
- Reserves +€45,000
up €45,000 (+251%), from €17,906 to €62,906
of which Distributable reserves: +€45,000
- Tax, wage and social debts +€18,641
up €18,641 (+102%), from €18,322 to €36,963
of which Taxes: +€17,110
- Debts after one year -€18,113
down €18,113 (-12.5%), from €144,983 to €126,870
- Profit (loss) carried forward +€11,203
up €11,203 (+8.8%), from €126,663 to €137,866
- Financial income +€99,202
up €99,202 (+2,751%), from €3,607 to €102,809
- Gross operating margin -€80,194
down €80,194 (-54.8%), from €146,237 to €66,043
- Taxes +€14,869
up €14,869 (+51.4%), from €28,947 to €43,816
- Staff costs -€10,609
down €10,609 (-21.1%), from €50,361 to €39,751
- Other operating charges -€7,823
down €7,823 (-75.7%), from €10,329 to €2,506
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 | €559,751 | €469,712 | -€90,040 | -16.1% |
| Fixed assets | 21/28 | €358,744 | €342,182 | -€16,562 | -4.6% |
| Intangible fixed assets | 21 | €275 | €49 | -€225 | -82.0% |
| Tangible fixed assets | 22/27 | €131,431 | €115,086 | -€16,345 | -12.4% |
| Land and buildings | 22 | €125,279 | €109,604 | -€15,675 | -12.5% |
| Other tangible fixed assets | 26 | €6,152 | €5,482 | -€670 | -10.9% |
| Financial fixed assets | 28 | €227,039 | €227,047 | +€8 | 0.0% |
| Current assets | 29/58 | €201,007 | €127,530 | -€73,478 | -36.6% |
| Amounts receivable within one year | 40/41 | €106,489 | €64,529 | -€41,960 | -39.4% |
| Trade receivables | 40 | €40,572 | €36,509 | -€4,062 | -10.0% |
| Other amounts receivable | 41 | €65,918 | €28,020 | -€37,898 | -57.5% |
| Cash at bank and in hand | 54/58 | €94,489 | €63,000 | -€31,489 | -33.3% |
| Deferred charges and accrued income | 490/1 | €28 | - | -€28 | |
| Total equity and liabilities | 10/49 | €559,751 | €469,712 | -€90,040 | -16.1% |
| Equity | 10/15 | €163,119 | €219,322 | +€56,203 | +34.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €17,906 | €62,906 | +€45,000 | +251% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,051 | €6,051 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €55,000 | +€45,000 | +450% |
| Profit (loss) carried forward | 14 | €126,663 | €137,866 | +€11,203 | +8.8% |
| Provisions and deferred taxes | 16 | €10,145 | €5,914 | -€4,231 | -41.7% |
| Provisions for liabilities and charges | 160/5 | €10,145 | €5,914 | -€4,231 | -41.7% |
| Other liabilities and charges | 164/5 | €10,145 | €5,914 | -€4,231 | -41.7% |
| Amounts payable | 17/49 | €386,487 | €244,476 | -€142,011 | -36.7% |
| Amounts payable after more than one year | 17 | €144,983 | €126,870 | -€18,113 | -12.5% |
| Financial debts | 170/4 | €144,983 | €126,870 | -€18,113 | -12.5% |
| Amounts payable within one year | 42/48 | €241,504 | €117,606 | -€123,898 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €17,758 | €18,113 | +€354 | +2.0% |
| Trade debts | 44 | €27,215 | €31,332 | +€4,117 | +15.1% |
| Suppliers | 440/4 | €27,215 | €31,332 | +€4,117 | +15.1% |
| Taxes, remuneration and social security | 45 | €18,322 | €36,963 | +€18,641 | +102% |
| Taxes | 450/3 | €17,637 | €34,747 | +€17,110 | +97.0% |
| Remuneration and social security | 454/9 | €685 | €2,216 | +€1,531 | +223% |
| Other amounts payable | 47/48 | €178,209 | €31,199 | -€147,010 | -82.5% |
| Non-recurring operating income | 76A | - | €138 | +€138 | |
| Remuneration, social security and pensions | 62 | €50,361 | €39,751 | -€10,609 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,081 | €16,570 | -€511 | -3.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €446 | -€4,231 | -€4,678 | |
| Other operating charges | 640/8 | €10,329 | €2,506 | -€7,823 | -75.7% |
| Non-recurring operating charges | 66A | €6 | €5,565 | +€5,559 | +95,355% |
| Gross operating margin | 9900 | €146,237 | €66,043 | -€80,194 | -54.8% |
| Operating profit (loss) | 9901 | €68,015 | €5,882 | -€62,133 | -91.4% |
| Financial income | 75/76B | €3,607 | €102,809 | +€99,202 | +2,751% |
| Recurring financial income | 75 | €3,607 | €102,809 | +€99,202 | +2,751% |
| Financial charges | 65/66B | €9,391 | €8,672 | -€719 | -7.7% |
| Recurring financial charges | 65 | €9,391 | €8,672 | -€719 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €62,231 | €100,018 | +€37,788 | +60.7% |
| Income taxes | 67/77 | €28,947 | €43,816 | +€14,869 | +51.4% |
| Profit (loss) for the period | 9904 | €33,284 | €56,203 | +€22,919 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,284 | €56,203 | +€22,919 | +68.9% |
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 29 October 2026 via checked.be.