ARTAM: 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.
ARTAM
Largest movements
- Cash +€33,689
up €33,689 (+22.2%), from €151,459 to €185,148
mainly Net result for the year (+€45,815) and Depreciation (+€8,927)
- Receivables within one year +€13,089
up €13,089 (+62.4%), from €20,960 to €34,050
of which Other amounts receivable: +€11,846
- Tangible fixed assets -€8,927
down €8,927 (-27.8%), from €32,158 to €23,231
of which Furniture and vehicles: -€8,787
- Reserves +€45,815
up €45,815 (+28.9%), from €158,385 to €204,200
- Debts after one year -€8,820
down €8,820 (-34.4%), from €25,659 to €16,839
- Gross operating margin -€16,675
down €16,675 (-18.8%), from €88,472 to €71,797
- Taxes -€1,109
down €1,109 (-6.8%), from €16,331 to €15,223
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 | €205,564 | €243,415 | +€37,851 | +18.4% |
| Fixed assets | 21/28 | €32,158 | €23,231 | -€8,927 | -27.8% |
| Tangible fixed assets | 22/27 | €32,158 | €23,231 | -€8,927 | -27.8% |
| Plant, machinery and equipment | 23 | €1,090 | €950 | -€140 | -12.8% |
| Furniture and vehicles | 24 | €31,068 | €22,281 | -€8,787 | -28.3% |
| Current assets | 29/58 | €173,406 | €220,185 | +€46,778 | +27.0% |
| Amounts receivable within one year | 40/41 | €20,960 | €34,050 | +€13,089 | +62.4% |
| Trade receivables | 40 | €4,829 | €6,072 | +€1,243 | +25.7% |
| Other amounts receivable | 41 | €16,132 | €27,978 | +€11,846 | +73.4% |
| Cash at bank and in hand | 54/58 | €151,459 | €185,148 | +€33,689 | +22.2% |
| Deferred charges and accrued income | 490/1 | €987 | €987 | = | 0.0% |
| Total equity and liabilities | 10/49 | €205,564 | €243,415 | +€37,851 | +18.4% |
| Equity | 10/15 | €163,385 | €209,200 | +€45,815 | +28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €158,385 | €204,200 | +€45,815 | +28.9% |
| Distributable reserves | 133 | €158,385 | €204,200 | +€45,815 | +28.9% |
| Amounts payable | 17/49 | €42,179 | €34,215 | -€7,964 | -18.9% |
| Amounts payable after more than one year | 17 | €25,659 | €16,839 | -€8,820 | -34.4% |
| Financial debts | 170/4 | €25,659 | €16,839 | -€8,820 | -34.4% |
| Amounts payable within one year | 42/48 | €14,880 | €16,070 | +€1,191 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €8,018 | €7,217 | -€802 | -10.0% |
| Trade debts | 44 | €956 | €1,021 | +€66 | +6.9% |
| Suppliers | 440/4 | €956 | €1,021 | +€66 | +6.9% |
| Taxes, remuneration and social security | 45 | €5,906 | €7,833 | +€1,927 | +32.6% |
| Taxes | 450/3 | €5,906 | €7,833 | +€1,927 | +32.6% |
| Accrued charges and deferred income | 492/3 | €1,640 | €1,306 | -€334 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,927 | €8,927 | -€0 | 0.0% |
| Other operating charges | 640/8 | €555 | €244 | -€310 | -56.0% |
| Gross operating margin | 9900 | €88,472 | €71,797 | -€16,675 | -18.8% |
| Operating profit (loss) | 9901 | €78,991 | €62,626 | -€16,365 | -20.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,477 | €1,588 | +€111 | +7.5% |
| Recurring financial charges | 65 | €1,477 | €1,588 | +€111 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €77,513 | €61,038 | -€16,476 | -21.3% |
| Income taxes | 67/77 | €16,331 | €15,223 | -€1,109 | -6.8% |
| Profit (loss) for the period | 9904 | €61,182 | €45,815 | -€15,367 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,182 | €45,815 | -€15,367 | -25.1% |
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 8 October 2026 via checked.be.