ART'IFACT: 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.
ART'IFACT
Largest movements
- Receivables within one year -€6,842
down €6,842 (-31.9%), from €21,440 to €14,598
of which Other amounts receivable: -€7,964
- Tangible fixed assets -€2,481
down €2,481 (-74.4%), from €3,336 to €854
of which Other tangible fixed assets: -€1,430
- Other debts +€24,933
new in 2025: €24,933
- Reserves -€15,532
no longer reported in 2025 (was €15,532)
- Short-term financial debts -€10,730
down €10,730 (-78.7%), from €13,626 to €2,896
- Tax, wage and social debts -€4,138
down €4,138 (-24.9%), from €16,611 to €12,473
- Trade debts -€3,605
down €3,605 (-55.4%), from €6,506 to €2,901
- Gross operating margin +€9,086
up €9,086 (+34.5%), from €26,362 to €35,448
- Taxes +€1,984
up €1,984 (+42.6%), from €4,660 to €6,643
- Depreciation -€1,674
down €1,674 (-40.3%), from €4,156 to €2,481
- Financial charges +€1,215
up €1,215 (+78.8%), from €1,542 to €2,757
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,776 | €45,703 | -€9,073 | -16.6% |
| Fixed assets | 21/28 | €3,336 | €854 | -€2,481 | -74.4% |
| Tangible fixed assets | 22/27 | €3,336 | €854 | -€2,481 | -74.4% |
| Plant, machinery and equipment | 23 | €899 | €543 | -€356 | -39.6% |
| Furniture and vehicles | 24 | €1,007 | €311 | -€695 | -69.1% |
| Other tangible fixed assets | 26 | €1,430 | - | -€1,430 | |
| Current assets | 29/58 | €51,440 | €44,849 | -€6,592 | -12.8% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,440 | €14,598 | -€6,842 | -31.9% |
| Trade receivables | 40 | €12,019 | €13,140 | +€1,122 | +9.3% |
| Other amounts receivable | 41 | €9,422 | €1,458 | -€7,964 | -84.5% |
| Deferred charges and accrued income | 490/1 | - | €251 | +€251 | |
| Total equity and liabilities | 10/49 | €54,776 | €45,703 | -€9,073 | -16.6% |
| Equity | 10/15 | €18,032 | €2,500 | -€15,532 | -86.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €15,532 | - | -€15,532 | |
| Distributable reserves | 133 | €15,532 | - | -€15,532 | |
| Amounts payable | 17/49 | €36,744 | €43,203 | +€6,459 | +17.6% |
| Amounts payable within one year | 42/48 | €36,744 | €43,203 | +€6,459 | +17.6% |
| Financial debts | 43 | €13,626 | €2,896 | -€10,730 | -78.7% |
| Credit institutions | 430/8 | €13,626 | €2,896 | -€10,730 | -78.7% |
| Trade debts | 44 | €6,506 | €2,901 | -€3,605 | -55.4% |
| Suppliers | 440/4 | €6,506 | €2,901 | -€3,605 | -55.4% |
| Taxes, remuneration and social security | 45 | €16,611 | €12,473 | -€4,138 | -24.9% |
| Taxes | 450/3 | €16,611 | €12,473 | -€4,138 | -24.9% |
| Other amounts payable | 47/48 | - | €24,933 | +€24,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,156 | €2,481 | -€1,674 | -40.3% |
| Other operating charges | 640/8 | €513 | €570 | +€57 | +11.1% |
| Gross operating margin | 9900 | €26,362 | €35,448 | +€9,086 | +34.5% |
| Operating profit (loss) | 9901 | €21,693 | €32,397 | +€10,703 | +49.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | +29900.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +29900.0% |
| Financial charges | 65/66B | €1,542 | €2,757 | +€1,215 | +78.8% |
| Recurring financial charges | 65 | €1,542 | €2,757 | +€1,215 | +78.8% |
| Profit (loss) for the period before taxes | 9903 | €20,151 | €29,643 | +€9,492 | +47.1% |
| Income taxes | 67/77 | €4,660 | €6,643 | +€1,984 | +42.6% |
| Profit (loss) for the period | 9904 | €15,492 | €23,000 | +€7,508 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,492 | €23,000 | +€7,508 | +48.5% |
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 7 October 2026 via checked.be.