ART-TEC: 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-TEC
Largest movements
- Tangible fixed assets +€22,126
up €22,126 (+63.4%), from €34,891 to €57,017
of which Furniture and vehicles: +€26,560
- Receivables within one year -€5,117
down €5,117 (-11.3%), from €45,215 to €40,098
of which Trade receivables: -€6,365
- Short-term financial debts +€13,522
up €13,522 (+505.0%), from €2,677 to €16,200
- Current portion of long-term debt +€13,229
new in 2025: €13,229
- Trade debts -€12,606
down €12,606 (-73.5%), from €17,145 to €4,539
- Profit (loss) carried forward +€3,679
up €3,679, from -€648 to €3,031
- Tax, wage and social debts -€1,961
down €1,961 (-34.4%), from €5,699 to €3,738
of which Taxes: -€1,459
- Gross operating margin +€51,048
up €51,048 (+220.4%), from €23,164 to €74,212
- Staff costs +€8,161
up €8,161 (+19.5%), from €41,792 to €49,953
- Depreciation +€6,502
up €6,502 (+87.7%), from €7,418 to €13,920
- Other operating charges -€1,667
down €1,667 (-27.8%), from €6,008 to €4,340
- Financial charges +€830
up €830 (+47.6%), from €1,743 to €2,573
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
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 | €99,871 | €115,734 | +€15,863 | +15.9% |
| Fixed assets | 21/28 | €35,016 | €57,142 | +€22,126 | +63.2% |
| Tangible fixed assets | 22/27 | €34,891 | €57,017 | +€22,126 | +63.4% |
| Land and buildings | 22 | €1,053 | €900 | -€153 | -14.5% |
| Plant, machinery and equipment | 23 | €22,208 | €17,927 | -€4,282 | -19.3% |
| Furniture and vehicles | 24 | €11,630 | €38,190 | +€26,560 | +228.4% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €64,856 | €58,592 | -€6,263 | -9.7% |
| Stocks and contracts in progress | 3 | €15,575 | €14,785 | -€790 | -5.1% |
| Stocks | 30/36 | €15,575 | €14,785 | -€790 | -5.1% |
| Amounts receivable within one year | 40/41 | €45,215 | €40,098 | -€5,117 | -11.3% |
| Trade receivables | 40 | €22,104 | €15,739 | -€6,365 | -28.8% |
| Other amounts receivable | 41 | €23,111 | €24,359 | +€1,248 | +5.4% |
| Cash at bank and in hand | 54/58 | €3,694 | €3,709 | +€15 | +0.4% |
| Deferred charges and accrued income | 490/1 | €371 | - | -€371 | |
| Total equity and liabilities | 10/49 | €99,871 | €115,734 | +€15,863 | +15.9% |
| Equity | 10/15 | €74,350 | €78,029 | +€3,679 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,798 | €68,798 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €66,898 | €66,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€648 | €3,031 | +€3,679 | |
| Amounts payable | 17/49 | €25,521 | €37,705 | +€12,184 | +47.7% |
| Amounts payable within one year | 42/48 | €25,521 | €37,705 | +€12,184 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | - | €13,229 | +€13,229 | |
| Financial debts | 43 | €2,677 | €16,200 | +€13,522 | +505.0% |
| Credit institutions | 430/8 | €2,677 | €16,200 | +€13,522 | +505.0% |
| Trade debts | 44 | €17,145 | €4,539 | -€12,606 | -73.5% |
| Suppliers | 440/4 | €17,145 | €4,539 | -€12,606 | -73.5% |
| Taxes, remuneration and social security | 45 | €5,699 | €3,738 | -€1,961 | -34.4% |
| Taxes | 450/3 | €1,593 | €134 | -€1,459 | -91.6% |
| Remuneration and social security | 454/9 | €4,106 | €3,604 | -€502 | -12.2% |
| Remuneration, social security and pensions | 62 | €41,792 | €49,953 | +€8,161 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,418 | €13,920 | +€6,502 | +87.7% |
| Other operating charges | 640/8 | €6,008 | €4,340 | -€1,667 | -27.8% |
| Gross operating margin | 9900 | €23,164 | €74,212 | +€51,048 | +220.4% |
| Operating profit (loss) | 9901 | -€32,053 | €5,999 | +€38,052 | |
| Financial income | 75/76B | €650 | €393 | -€257 | -39.5% |
| Recurring financial income | 75 | €650 | €393 | -€257 | -39.5% |
| Financial charges | 65/66B | €1,743 | €2,573 | +€830 | +47.6% |
| Recurring financial charges | 65 | €1,743 | €2,573 | +€830 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,146 | €3,819 | +€36,965 | |
| Income taxes | 67/77 | €139 | €140 | +€2 | +1.4% |
| Profit (loss) for the period | 9904 | -€33,284 | €3,679 | +€36,963 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,284 | €3,679 | +€36,963 |
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 30 September 2026 via checked.be.