ARTABEL Engineering: 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.
ARTABEL Engineering
Largest movements
- Receivables within one year -€141,254
down €141,254 (-60.5%), from €233,649 to €92,395
of which Trade receivables: -€166,928
- Other debts +€255,078
up €255,078 (+52,593%), from €485 to €255,563
- Trade debts -€205,208
down €205,208 (-82.3%), from €249,489 to €44,281
- Tax, wage and social debts -€80,634
down €80,634 (-56.4%), from €142,981 to €62,347
of which Remuneration and social security: -€61,512
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Current portion of long-term debt -€47,146
down €47,146 (-25.5%), from €184,661 to €137,515
- Gross operating margin -€377,147
down €377,147 (-46.8%), from €805,248 to €428,101
- Staff costs -€311,350
down €311,350 (-60.3%), from €516,384 to €205,034
- Financial charges -€15,736
down €15,736 (-25.2%), from €62,359 to €46,623
- Taxes -€10,519
down €10,519 (-83.1%), from €12,655 to €2,136
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 | €4,655,031 | €4,502,743 | -€152,287 | -3.3% |
| Fixed assets | 21/28 | €4,385,368 | €4,385,624 | +€257 | 0.0% |
| Tangible fixed assets | 22/27 | €3,699,143 | €3,699,399 | +€257 | 0.0% |
| Land and buildings | 22 | €3,639,508 | €3,521,055 | -€118,453 | -3.3% |
| Plant, machinery and equipment | 23 | €20,384 | €145,299 | +€124,915 | +613% |
| Furniture and vehicles | 24 | €39,251 | €33,045 | -€6,205 | -15.8% |
| Financial fixed assets | 28 | €686,225 | €686,225 | = | 0.0% |
| Current assets | 29/58 | €269,663 | €117,119 | -€152,544 | -56.6% |
| Stocks and contracts in progress | 3 | €2,376 | €2,376 | = | 0.0% |
| Stocks | 30/36 | €2,376 | €2,376 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €233,649 | €92,395 | -€141,254 | -60.5% |
| Trade receivables | 40 | €192,484 | €25,556 | -€166,928 | -86.7% |
| Other amounts receivable | 41 | €41,164 | €66,839 | +€25,675 | +62.4% |
| Cash at bank and in hand | 54/58 | €10,479 | €3,358 | -€7,120 | -68.0% |
| Deferred charges and accrued income | 490/1 | €23,160 | €18,989 | -€4,170 | -18.0% |
| Total equity and liabilities | 10/49 | €4,655,031 | €4,502,743 | -€152,287 | -3.3% |
| Equity | 10/15 | €2,549,879 | €2,549,591 | -€288 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,527,879 | €2,527,591 | -€288 | 0.0% |
| Amounts payable | 17/49 | €2,105,152 | €1,953,152 | -€151,999 | -7.2% |
| Amounts payable after more than one year | 17 | €1,477,535 | €1,453,446 | -€24,089 | -1.6% |
| Financial debts | 170/4 | €1,477,535 | €1,453,446 | -€24,089 | -1.6% |
| Amounts payable within one year | 42/48 | €627,616 | €499,706 | -€127,910 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €184,661 | €137,515 | -€47,146 | -25.5% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €249,489 | €44,281 | -€205,208 | -82.3% |
| Suppliers | 440/4 | €249,489 | €44,281 | -€205,208 | -82.3% |
| Taxes, remuneration and social security | 45 | €142,981 | €62,347 | -€80,634 | -56.4% |
| Taxes | 450/3 | €57,312 | €38,189 | -€19,122 | -33.4% |
| Remuneration and social security | 454/9 | €85,669 | €24,158 | -€61,512 | -71.8% |
| Other amounts payable | 47/48 | €485 | €255,563 | +€255,078 | +52,593% |
| Remuneration, social security and pensions | 62 | €516,384 | €205,034 | -€311,350 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,398 | €163,090 | -€5,308 | -3.2% |
| Other operating charges | 640/8 | €11,272 | €11,507 | +€235 | +2.1% |
| Gross operating margin | 9900 | €805,248 | €428,101 | -€377,147 | -46.8% |
| Operating profit (loss) | 9901 | €109,194 | €48,470 | -€60,724 | -55.6% |
| Financial income | 75/76B | €80 | €0 | -€80 | -100.0% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -100.0% |
| Financial charges | 65/66B | €62,359 | €46,623 | -€15,736 | -25.2% |
| Recurring financial charges | 65 | €62,359 | €46,623 | -€15,736 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €46,915 | €1,847 | -€45,068 | -96.1% |
| Income taxes | 67/77 | €12,655 | €2,136 | -€10,519 | -83.1% |
| Profit (loss) for the period | 9904 | €34,261 | -€288 | -€34,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,261 | -€288 | -€34,549 |
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 18 October 2026 via checked.be.