ART TECHNIBAT: 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 TECHNIBAT
Largest movements
- Stocks and contracts +€627,968
up €627,968 (+62.1%), from €1.0m to €1.6m
- Receivables within one year -€22,414
down €22,414 (-45.8%), from €48,989 to €26,575
of which Trade receivables: -€12,247
- Deferred charges and accrued income +€20,041
up €20,041 (+311%), from €6,436 to €26,477
- Debts after one year +€711,741
up €711,741 (+92.5%), from €769,341 to €1.5m
- Profit (loss) carried forward -€62,824
down €62,824, from €5,591 to -€57,233
- Trade debts -€39,338
down €39,338 (-20.1%), from €195,737 to €156,399
- Gross operating margin +€81,202
up €81,202, from -€68,461 to €12,741
- Financial charges +€51,025
up €51,025 (+715%), from €7,133 to €58,158
- Depreciation +€5,408
up €5,408 (+55.1%), from €9,823 to €15,231
- Taxes -€1,485
no longer reported in 2025 (was €1,485)
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 | €1,130,653 | €1,741,267 | +€610,615 | +54.0% |
| Fixed assets | 21/28 | €54,792 | €39,562 | -€15,231 | -27.8% |
| Tangible fixed assets | 22/27 | €54,672 | €39,442 | -€15,231 | -27.9% |
| Leasing and similar rights | 25 | €54,672 | €39,442 | -€15,231 | -27.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €1,075,860 | €1,701,706 | +€625,845 | +58.2% |
| Stocks and contracts in progress | 3 | €1,011,449 | €1,639,417 | +€627,968 | +62.1% |
| Stocks | 30/36 | €1,011,449 | €1,639,417 | +€627,968 | +62.1% |
| Amounts receivable within one year | 40/41 | €48,989 | €26,575 | -€22,414 | -45.8% |
| Trade receivables | 40 | €37,109 | €24,862 | -€12,247 | -33.0% |
| Other amounts receivable | 41 | €11,880 | €1,713 | -€10,167 | -85.6% |
| Cash at bank and in hand | 54/58 | €8,987 | €9,237 | +€250 | +2.8% |
| Deferred charges and accrued income | 490/1 | €6,436 | €26,477 | +€20,041 | +311% |
| Total equity and liabilities | 10/49 | €1,130,653 | €1,741,267 | +€610,615 | +54.0% |
| Equity | 10/15 | €35,917 | -€26,907 | -€62,824 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,726 | €11,726 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,866 | €9,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,591 | -€57,233 | -€62,824 | |
| Amounts payable | 17/49 | €1,094,736 | €1,768,175 | +€673,439 | +61.5% |
| Amounts payable after more than one year | 17 | €769,341 | €1,481,082 | +€711,741 | +92.5% |
| Financial debts | 170/4 | €769,341 | €1,481,082 | +€711,741 | +92.5% |
| Amounts payable within one year | 42/48 | €325,395 | €287,093 | -€38,302 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €12,641 | €13,210 | +€568 | +4.5% |
| Trade debts | 44 | €195,737 | €156,399 | -€39,338 | -20.1% |
| Suppliers | 440/4 | €195,737 | €156,399 | -€39,338 | -20.1% |
| Other amounts payable | 47/48 | €117,016 | €117,485 | +€468 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,823 | €15,231 | +€5,408 | +55.1% |
| Other operating charges | 640/8 | €1,621 | €2,177 | +€556 | +34.3% |
| Gross operating margin | 9900 | -€68,461 | €12,741 | +€81,202 | |
| Operating profit (loss) | 9901 | -€79,905 | -€4,666 | +€75,238 | +94.2% |
| Financial charges | 65/66B | €7,133 | €58,158 | +€51,025 | +715% |
| Recurring financial charges | 65 | €7,133 | €58,158 | +€51,025 | +715% |
| Profit (loss) for the period before taxes | 9903 | -€87,037 | -€62,824 | +€24,213 | +27.8% |
| Income taxes | 67/77 | €1,485 | - | -€1,485 | |
| Profit (loss) for the period | 9904 | -€88,522 | -€62,824 | +€25,698 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,522 | -€62,824 | +€25,698 | +29.0% |
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 16 October 2026 via checked.be.