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 -€7,970
down €7,970 (-8.1%), from €98,852 to €90,882
mainly Other debts (-€6,721) and Receivables after one year (-€5,628)
- Receivables after one year +€5,628
new in 2025: €5,628
- Intangible fixed assets -€4,533
down €4,533 (-20.0%), from €22,667 to €18,133
- Tangible fixed assets -€3,861
down €3,861 (-12.6%), from €30,669 to €26,809
of which Other tangible fixed assets: -€4,575
- Reserves +€131,987
up €131,987 (+836.0%), from €15,788 to €147,775
of which Distributable reserves: +€131,987
- Profit (loss) carried forward -€130,631
no longer reported in 2025 (was €130,631)
- Other debts -€6,721
no longer reported in 2025 (was €6,721)
- Trade debts -€4,441
down €4,441 (-37.9%), from €11,727 to €7,287
- Gross operating margin -€35,366
down €35,366 (-62.3%), from €56,734 to €21,368
- Staff costs -€18,928
down €18,928 (-77.5%), from €24,408 to €5,480
- Taxes -€3,387
down €3,387 (-74.3%), from €4,556 to €1,169
- Financial charges +€2,469
up €2,469 (+832.6%), from €297 to €2,765
of which Non-recurring financial charges: +€2,473
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 | €178,027 | €167,911 | -€10,116 | -5.7% |
| Fixed assets | 21/28 | €53,336 | €44,942 | -€8,394 | -15.7% |
| Intangible fixed assets | 21 | €22,667 | €18,133 | -€4,533 | -20.0% |
| Tangible fixed assets | 22/27 | €30,669 | €26,809 | -€3,861 | -12.6% |
| Plant, machinery and equipment | 23 | €1,948 | €1,390 | -€557 | -28.6% |
| Furniture and vehicles | 24 | €456 | €1,728 | +€1,272 | +278.8% |
| Other tangible fixed assets | 26 | €28,266 | €23,690 | -€4,575 | -16.2% |
| Current assets | 29/58 | €124,691 | €122,969 | -€1,722 | -1.4% |
| Amounts receivable after more than one year | 29 | - | €5,628 | +€5,628 | |
| Other amounts receivable | 291 | - | €5,628 | +€5,628 | |
| Amounts receivable within one year | 40/41 | €20,102 | €21,384 | +€1,282 | +6.4% |
| Trade receivables | 40 | €17,341 | €17,012 | -€328 | -1.9% |
| Other amounts receivable | 41 | €2,761 | €4,371 | +€1,610 | +58.3% |
| Cash at bank and in hand | 54/58 | €98,852 | €90,882 | -€7,970 | -8.1% |
| Deferred charges and accrued income | 490/1 | €5,737 | €5,076 | -€662 | -11.5% |
| Total equity and liabilities | 10/49 | €178,027 | €167,911 | -€10,116 | -5.7% |
| Equity | 10/15 | €158,819 | €160,175 | +€1,356 | +0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,788 | €147,775 | +€131,987 | +836.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,928 | €13,928 | = | 0.0% |
| Distributable reserves | 133 | - | €131,987 | +€131,987 | |
| Profit (loss) carried forward | 14 | €130,631 | - | -€130,631 | |
| Amounts payable | 17/49 | €19,208 | €7,736 | -€11,472 | -59.7% |
| Amounts payable within one year | 42/48 | €19,208 | €7,736 | -€11,472 | -59.7% |
| Trade debts | 44 | €11,727 | €7,287 | -€4,441 | -37.9% |
| Suppliers | 440/4 | €11,727 | €7,287 | -€4,441 | -37.9% |
| Advances received on contracts in progress | 46 | €300 | - | -€300 | |
| Taxes, remuneration and social security | 45 | €459 | €449 | -€10 | -2.2% |
| Taxes | 450/3 | €459 | €449 | -€10 | -2.2% |
| Other amounts payable | 47/48 | €6,721 | - | -€6,721 | |
| Remuneration, social security and pensions | 62 | €24,408 | €5,480 | -€18,928 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,786 | €10,405 | -€381 | -3.5% |
| Other operating charges | 640/8 | €966 | €649 | -€317 | -32.8% |
| Gross operating margin | 9900 | €56,734 | €21,368 | -€35,366 | -62.3% |
| Operating profit (loss) | 9901 | €20,574 | €4,835 | -€15,739 | -76.5% |
| Financial income | 75/76B | €458 | €455 | -€2 | -0.5% |
| Recurring financial income | 75 | €458 | €155 | -€302 | -66.1% |
| Non-recurring financial income | 76B | - | €300 | +€300 | |
| Financial charges | 65/66B | €297 | €2,765 | +€2,469 | +832.6% |
| Recurring financial charges | 65 | €297 | €292 | -€5 | -1.5% |
| Non-recurring financial charges | 66B | - | €2,473 | +€2,473 | |
| Profit (loss) for the period before taxes | 9903 | €20,735 | €2,525 | -€18,210 | -87.8% |
| Income taxes | 67/77 | €4,556 | €1,169 | -€3,387 | -74.3% |
| Profit (loss) for the period | 9904 | €16,179 | €1,356 | -€14,823 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,179 | €1,356 | -€14,823 | -91.6% |
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 6 October 2026 via checked.be.