ARTAL SERVICES: 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.
What changed
ARTAL SERVICES
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€89,054
2024 · €3.2m-€3.1m
Equity
€36.3m
2024 · €36.2m+€89,054
Cash
€314,813
2024 · €214,042+€100,771
Balance sheet total
€36.4m
2024 · €36.3m+€107,988
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€3.3m
down €3.3m (-99.6%), from €3.3m to €13,339
- Provisions +€1.1m
no longer reported in 2025 (was -€1.1m)
- Financial charges -€1.1m
down €1.1m (-99.8%), from €1.1m to €2,629
of which Non-recurring financial charges: -€1.1m
- Taxes -€185,641
down €185,641 (-99.2%), from €187,098 to €1,457
- Staff costs +€34,337
up €34,337 (+5.2%), from €656,964 to €691,301
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.
Result 2024
€3.2m
Turnover
+€25,000
Other operating income
+€4,058
Services and other goods
+€13,714
Staff costs
-€34,337
Depreciation
+€2,455
Provisions
-€1.1m
Other operating charges
+€4,998
Other operating items
-€13,250
Financial income
-€3.3m
Financial charges
+€1.1m
Taxes
+€185,641
Result 2025
€89,054
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.
From operations
+€119,723
Investment
-€18,952
Financing
€0
Cash 2024
€214,042
From operations (derived)
+€119,723
Net result for the year
+€89,054
Depreciation
+€51,245
Receivables within one year
-€40,421
Deferred charges and accrued income
+€912
Trade debts
-€17,159
Tax, wage and social debts
+€36,058
Accrued charges and deferred income
+€35
Investment (derived)
-€18,952
Investment in fixed assets (net)
-€18,952
Cash 2025
€314,813
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,339,347 | €36,447,334 | +€107,988 | +0.3% |
| Fixed assets | 21/28 | €35,351,747 | €35,319,454 | -€32,293 | -0.1% |
| Intangible fixed assets | 21 | €323 | €153 | -€170 | -52.7% |
| Tangible fixed assets | 22/27 | €397,266 | €365,144 | -€32,122 | -8.1% |
| Furniture and vehicles | 24 | €79,321 | €71,459 | -€7,861 | -9.9% |
| Other tangible fixed assets | 26 | €317,946 | €293,685 | -€24,261 | -7.6% |
| Financial fixed assets | 28 | €34,954,157 | €34,954,157 | = | 0.0% |
| Other financial fixed assets | 284/8 | €34,954,157 | €34,954,157 | = | 0.0% |
| Shares | 284 | €34,954,058 | €34,954,058 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €987,600 | €1,127,880 | +€140,280 | +14.2% |
| Amounts receivable within one year | 40/41 | €766,069 | €806,490 | +€40,421 | +5.3% |
| Trade receivables | 40 | €277,465 | €307,443 | +€29,978 | +10.8% |
| Other amounts receivable | 41 | €488,604 | €499,047 | +€10,444 | +2.1% |
| Cash at bank and in hand | 54/58 | €214,042 | €314,813 | +€100,771 | +47.1% |
| Deferred charges and accrued income | 490/1 | €7,490 | €6,578 | -€912 | -12.2% |
| Total equity and liabilities | 10/49 | €36,339,347 | €36,447,334 | +€107,988 | +0.3% |
| Equity | 10/15 | €36,193,277 | €36,282,331 | +€89,054 | +0.2% |
| Contributions | 10/11 | €29,000,000 | €29,000,000 | = | 0.0% |
| Capital | 10 | €29,000,000 | €29,000,000 | = | 0.0% |
| Issued capital | 100 | €29,000,000 | €29,000,000 | = | 0.0% |
| Reserves | 13 | €2,900,095 | €2,900,095 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,900,095 | €2,900,095 | = | 0.0% |
| Legal reserve | 130 | €2,900,000 | €2,900,000 | = | 0.0% |
| Other | 1319 | €95 | €95 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,293,182 | €4,382,235 | +€89,054 | +2.1% |
| Amounts payable | 17/49 | €146,070 | €165,004 | +€18,934 | +13.0% |
| Amounts payable within one year | 42/48 | €142,193 | €161,092 | +€18,899 | +13.3% |
| Trade debts | 44 | €65,608 | €48,449 | -€17,159 | -26.2% |
| Suppliers | 440/4 | €65,608 | €48,449 | -€17,159 | -26.2% |
| Taxes, remuneration and social security | 45 | €76,585 | €112,643 | +€36,058 | +47.1% |
| Taxes | 450/3 | €12,098 | €44,372 | +€32,274 | +266.8% |
| Remuneration and social security | 454/9 | €64,487 | €68,271 | +€3,784 | +5.9% |
| Accrued charges and deferred income | 492/3 | €3,877 | €3,912 | +€35 | +0.9% |
| Operating income | 70/76A | €997,653 | €1,013,462 | +€15,808 | +1.6% |
| Turnover | 70 | €933,000 | €958,000 | +€25,000 | +2.7% |
| Other operating income | 74 | €51,403 | €55,462 | +€4,058 | +7.9% |
| Non-recurring operating income | 76A | €13,250 | - | -€13,250 | |
| Operating charges | 60/66A | -€206,215 | €933,661 | +€1.1m | |
| Services and other goods | 61 | €202,935 | €189,220 | -€13,714 | -6.8% |
| Remuneration, social security and pensions | 62 | €656,964 | €691,301 | +€34,337 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,699 | €51,245 | -€2,455 | -4.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,126,705 | - | +€1.1m | |
| Other operating charges | 640/8 | €6,892 | €1,895 | -€4,998 | -72.5% |
| Operating profit (loss) | 9901 | €1,203,868 | €79,801 | -€1.1m | -93.4% |
| Financial income | 75/76B | €3,300,926 | €13,339 | -€3.3m | -99.6% |
| Recurring financial income | 75 | €3,300,926 | €13,339 | -€3.3m | -99.6% |
| Income from current assets | 751 | €232,690 | €13,337 | -€219,353 | -94.3% |
| Other financial income | 752/9 | €3,068,236 | €2 | -€3.1m | -100.0% |
| Financial charges | 65/66B | €1,129,277 | €2,629 | -€1.1m | -99.8% |
| Recurring financial charges | 65 | €2,572 | €2,629 | +€57 | +2.2% |
| Debt charges | 650 | - | €18 | +€18 | |
| Other financial charges | 652/9 | €2,572 | €2,611 | +€39 | +1.5% |
| Non-recurring financial charges | 66B | €1,126,705 | - | -€1.1m | |
| Profit (loss) for the period before taxes | 9903 | €3,375,517 | €90,511 | -€3.3m | -97.3% |
| Income taxes | 67/77 | €187,098 | €1,457 | -€185,641 | -99.2% |
| Taxes | 670/3 | €187,098 | €1,457 | -€185,641 | -99.2% |
| Profit (loss) for the period | 9904 | €3,188,419 | €89,054 | -€3.1m | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,188,419 | €89,054 | -€3.1m | -97.2% |
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 9 October 2026 via checked.be.