ART - TEC: 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 - TEC
Largest movements
- Receivables within one year +€155,384
up €155,384 (+1,254%), from €12,394 to €167,778
of which Trade receivables: +€156,069
- Cash -€79,777
down €79,777 (-54.2%), from €147,186 to €67,409
mainly Receivables within one year (-€155,384) and Investment in fixed assets (net) (-€38,475)
- Tangible fixed assets +€15,873
up €15,873 (+42.4%), from €37,419 to €53,292
of which Plant, machinery and equipment: +€33,210
- Deferred charges and accrued income -€4,397
down €4,397 (-87.6%), from €5,018 to €621
- Trade debts +€96,325
up €96,325 (+983%), from €9,800 to €106,125
- Tax, wage and social debts -€18,825
down €18,825 (-70.4%), from €26,743 to €7,917
of which Taxes: -€18,823
- Other debts +€17,896
up €17,896 (+283%), from €6,323 to €24,219
- Debts after one year -€10,676
no longer reported in 2024 (was €10,676)
- Turnover +€82,306
up €82,306 (+55.1%), from €149,317 to €231,623
- Purchases and services +€40,724
up €40,724 (+34.0%), from €119,633 to €160,357
- Staff costs -€9,116
down €9,116 (-16.7%), from €54,520 to €45,404
- Gross operating margin -€5,675
down €5,675 (-7.4%), from €76,729 to €71,054
- Financial income -€5,100
no longer reported in 2024 (was €5,100)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,088 | €342,798 | +€84,710 | +32.8% |
| Fixed assets | 21/28 | €63,002 | €78,875 | +€15,873 | +25.2% |
| Tangible fixed assets | 22/27 | €37,419 | €53,292 | +€15,873 | +42.4% |
| Plant, machinery and equipment | 23 | €3,423 | €36,633 | +€33,210 | +970% |
| Furniture and vehicles | 24 | €33,997 | €16,659 | -€17,337 | -51.0% |
| Financial fixed assets | 28 | €25,583 | €25,583 | = | 0.0% |
| Current assets | 29/58 | €195,086 | €263,923 | +€68,837 | +35.3% |
| Stocks and contracts in progress | 3 | €30,487 | €28,115 | -€2,372 | -7.8% |
| Stocks | 30/36 | €2,160 | - | -€2,160 | |
| Contracts in progress | 37 | €28,327 | €28,115 | -€212 | -0.7% |
| Amounts receivable within one year | 40/41 | €12,394 | €167,778 | +€155,384 | +1,254% |
| Trade receivables | 40 | €10,289 | €166,358 | +€156,069 | +1,517% |
| Other amounts receivable | 41 | €2,105 | €1,420 | -€685 | -32.5% |
| Cash at bank and in hand | 54/58 | €147,186 | €67,409 | -€79,777 | -54.2% |
| Deferred charges and accrued income | 490/1 | €5,018 | €621 | -€4,397 | -87.6% |
| Total equity and liabilities | 10/49 | €258,088 | €342,798 | +€84,710 | +32.8% |
| Equity | 10/15 | €192,361 | €191,698 | -€663 | -0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,240 | €1,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,721 | €178,058 | -€663 | -0.4% |
| Amounts payable | 17/49 | €65,727 | €151,101 | +€85,374 | +130% |
| Amounts payable after more than one year | 17 | €10,676 | - | -€10,676 | |
| Financial debts | 170/4 | €10,676 | - | -€10,676 | |
| Amounts payable within one year | 42/48 | €53,370 | €148,938 | +€95,568 | +179% |
| Current portion of amounts payable after more than one year | 42 | €10,504 | €10,676 | +€172 | +1.6% |
| Trade debts | 44 | €9,800 | €106,125 | +€96,325 | +983% |
| Suppliers | 440/4 | €9,800 | €106,125 | +€96,325 | +983% |
| Taxes, remuneration and social security | 45 | €26,743 | €7,917 | -€18,825 | -70.4% |
| Taxes | 450/3 | €18,823 | - | -€18,823 | |
| Remuneration and social security | 454/9 | €7,920 | €7,917 | -€3 | 0.0% |
| Other amounts payable | 47/48 | €6,323 | €24,219 | +€17,896 | +283% |
| Accrued charges and deferred income | 492/3 | €1,682 | €2,163 | +€482 | +28.6% |
| Turnover | 70 | €149,317 | €231,623 | +€82,306 | +55.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €119,633 | €160,357 | +€40,724 | +34.0% |
| Remuneration, social security and pensions | 62 | €54,520 | €45,404 | -€9,116 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,027 | €22,602 | -€1,425 | -5.9% |
| Other operating charges | 640/8 | €3,073 | €2,693 | -€380 | -12.4% |
| Gross operating margin | 9900 | €76,729 | €71,054 | -€5,675 | -7.4% |
| Operating profit (loss) | 9901 | -€4,892 | €355 | +€5,246 | |
| Financial income | 75/76B | €5,100 | - | -€5,100 | |
| Recurring financial income | 75 | €5,100 | - | -€5,100 | |
| Financial charges | 65/66B | €595 | €1,018 | +€423 | +71.1% |
| Recurring financial charges | 65 | €595 | €1,018 | +€423 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | -€386 | -€663 | -€277 | -71.6% |
| Income taxes | 67/77 | €435 | - | -€435 | |
| Profit (loss) for the period | 9904 | -€822 | -€663 | +€158 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€822 | -€663 | +€158 | +19.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.