ARTAMUS: 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.
ARTAMUS
Largest movements
- Cash +€60,303
up €60,303 (+172%), from €35,130 to €95,432
mainly Net result for the year (+€69,186) and Deferred charges and accrued income (+€12,990)
- Financial fixed assets +€25,000
new in 2026: €25,000
- Deferred charges and accrued income -€12,990
down €12,990 (-64.0%), from €20,294 to €7,304
- Receivables within one year +€9,601
up €9,601 (+20.5%), from €46,907 to €56,508
of which Other amounts receivable: +€9,888
- Tangible fixed assets -€4,625
down €4,625 (-13.4%), from €34,497 to €29,872
of which Furniture and vehicles: -€3,038
- Reserves +€69,186
up €69,186 (+59.1%), from €117,069 to €186,255
- Tax, wage and social debts +€9,403
up €9,403 (+96.4%), from €9,756 to €19,158
- Financial income -€6,847
down €6,847 (-94.3%), from €7,260 to €413
of which Non-recurring financial income: -€7,260
- Gross operating margin -€4,686
down €4,686 (-4.3%), from €109,830 to €105,144
- Depreciation +€3,050
up €3,050 (+71.3%), from €4,276 to €7,325
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,828 | €214,116 | +€77,288 | +56.5% |
| Fixed assets | 21/28 | €34,497 | €54,872 | +€20,375 | +59.1% |
| Tangible fixed assets | 22/27 | €34,497 | €29,872 | -€4,625 | -13.4% |
| Plant, machinery and equipment | 23 | €6,037 | €6,799 | +€762 | +12.6% |
| Furniture and vehicles | 24 | €13,420 | €10,381 | -€3,038 | -22.6% |
| Other tangible fixed assets | 26 | €15,040 | €12,691 | -€2,349 | -15.6% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €102,331 | €159,244 | +€56,914 | +55.6% |
| Amounts receivable within one year | 40/41 | €46,907 | €56,508 | +€9,601 | +20.5% |
| Trade receivables | 40 | €26,907 | €26,620 | -€287 | -1.1% |
| Other amounts receivable | 41 | €20,000 | €29,888 | +€9,888 | +49.4% |
| Cash at bank and in hand | 54/58 | €35,130 | €95,432 | +€60,303 | +172% |
| Deferred charges and accrued income | 490/1 | €20,294 | €7,304 | -€12,990 | -64.0% |
| Total equity and liabilities | 10/49 | €136,828 | €214,116 | +€77,288 | +56.5% |
| Equity | 10/15 | €119,569 | €188,755 | +€69,186 | +57.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €117,069 | €186,255 | +€69,186 | +59.1% |
| Distributable reserves | 133 | €117,069 | €186,255 | +€69,186 | +59.1% |
| Amounts payable | 17/49 | €17,259 | €25,361 | +€8,102 | +46.9% |
| Amounts payable within one year | 42/48 | €17,259 | €25,361 | +€8,102 | +46.9% |
| Trade debts | 44 | €6,403 | €6,203 | -€200 | -3.1% |
| Suppliers | 440/4 | €6,403 | €6,203 | -€200 | -3.1% |
| Taxes, remuneration and social security | 45 | €9,756 | €19,158 | +€9,403 | +96.4% |
| Taxes | 450/3 | €9,756 | €19,158 | +€9,403 | +96.4% |
| Other amounts payable | 47/48 | €1,100 | €0 | -€1,100 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,276 | €7,325 | +€3,050 | +71.3% |
| Other operating charges | 640/8 | €871 | €1,471 | +€600 | +68.9% |
| Gross operating margin | 9900 | €109,830 | €105,144 | -€4,686 | -4.3% |
| Operating profit (loss) | 9901 | €104,684 | €96,348 | -€8,336 | -8.0% |
| Financial income | 75/76B | €7,260 | €413 | -€6,847 | -94.3% |
| Recurring financial income | 75 | €7,260 | €413 | -€6,847 | -94.3% |
| Non-recurring financial income | 76B | €7,260 | €0 | -€7,260 | -100% |
| Financial charges | 65/66B | €1,552 | €675 | -€877 | -56.5% |
| Recurring financial charges | 65 | €1,552 | €675 | -€877 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €110,391 | €96,086 | -€14,306 | -13.0% |
| Income taxes | 67/77 | €26,090 | €26,900 | +€810 | +3.1% |
| Profit (loss) for the period | 9904 | €84,301 | €69,186 | -€15,115 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,301 | €69,186 | -€15,115 | -17.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.