ARTAN: 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.
ARTAN
Largest movements
- Cash +€235,489
up €235,489 (+2898.6%), from €8,124 to €243,613
mainly Depreciation (+€172,216) and Receivables within one year (+€160,849)
- Receivables within one year -€160,849
down €160,849 (-96.9%), from €166,065 to €5,216
- Tangible fixed assets -€87,900
down €87,900 (-59.2%), from €148,405 to €60,505
- Profit (loss) carried forward -€12,476
down €12,476 (-0.5%), from -€2.3m to -€2.4m
- Depreciation +€172,216
new in 2025: €172,216
- Gross operating margin +€146,741
up €146,741 (+877.2%), from €16,728 to €163,470
- Financial charges -€2,371
down €2,371 (-98.1%), from €2,416 to €45
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,594 | €309,333 | -€13,261 | -4.1% |
| Fixed assets | 21/28 | €148,405 | €60,505 | -€87,900 | -59.2% |
| Tangible fixed assets | 22/27 | €148,405 | €60,505 | -€87,900 | -59.2% |
| Other tangible fixed assets | 26 | €148,405 | €60,505 | -€87,900 | -59.2% |
| Current assets | 29/58 | €174,189 | €248,828 | +€74,639 | +42.8% |
| Amounts receivable within one year | 40/41 | €166,065 | €5,216 | -€160,849 | -96.9% |
| Trade receivables | 40 | €166,065 | €5,216 | -€160,849 | -96.9% |
| Cash at bank and in hand | 54/58 | €8,124 | €243,613 | +€235,489 | +2898.6% |
| Total equity and liabilities | 10/49 | €322,594 | €309,333 | -€13,261 | -4.1% |
| Equity | 10/15 | €321,597 | €309,121 | -€12,476 | -3.9% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €668,254 | €668,254 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,873 | €55,873 | = | 0.0% |
| Legal reserve | 130 | €55,873 | €55,873 | = | 0.0% |
| Distributable reserves | 133 | €612,381 | €612,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,346,657 | -€2,359,132 | -€12,476 | -0.5% |
| Amounts payable | 17/49 | €997 | €212 | -€785 | -78.7% |
| Amounts payable within one year | 42/48 | €397 | €212 | -€185 | -46.5% |
| Trade debts | 44 | €397 | €212 | -€185 | -46.5% |
| Suppliers | 440/4 | €397 | €212 | -€185 | -46.5% |
| Accrued charges and deferred income | 492/3 | €601 | €0 | -€601 | -100.0% |
| Non-recurring operating income | 76A | - | €172,826 | +€172,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €172,216 | +€172,216 | |
| Other operating charges | 640/8 | €3,945 | €3,685 | -€261 | -6.6% |
| Gross operating margin | 9900 | €16,728 | €163,470 | +€146,741 | +877.2% |
| Operating profit (loss) | 9901 | €12,783 | -€12,431 | -€25,214 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,416 | €45 | -€2,371 | -98.1% |
| Recurring financial charges | 65 | €2,416 | €45 | -€2,371 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | €10,368 | -€12,476 | -€22,843 | |
| Profit (loss) for the period | 9904 | €10,368 | -€12,476 | -€22,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,368 | -€12,476 | -€22,843 |
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 3 October 2026 via checked.be.