ARTANIS: 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.
ARTANIS
Largest movements
- Tangible fixed assets -€48,995
down €48,995 (-8.3%), from €591,899 to €542,904
of which Land and buildings: -€27,302
- Cash -€34,571
down €34,571 (-32.6%), from €106,097 to €71,525
mainly Contributions, distributions and other (-€122,120) and Debts after one year (-€19,000)
- Receivables within one year -€24,200
down €24,200 (-50.0%), from €48,400 to €24,200
- Reserves -€67,583
down €67,583 (-14.2%), from €476,503 to €408,920
of which Distributable reserves: -€66,618
- Debts after one year -€19,000
down €19,000 (-11.1%), from €171,000 to €152,000
- Other debts -€13,750
down €13,750 (-37.0%), from €37,143 to €23,393
- Current portion of long-term debt -€12,292
down €12,292 (-39.3%), from €31,292 to €19,000
- Gross operating margin -€4,504
down €4,504 (-3.1%), from €144,574 to €140,070
- Depreciation -€3,308
down €3,308 (-6.3%), from €52,303 to €48,995
- Taxes -€3,176
down €3,176 (-11.5%), from €27,674 to €24,498
- Financial charges -€1,548
down €1,548 (-14.5%), from €10,703 to €9,155
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.
Derived cash bridge
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 | €757,815 | €650,969 | -€106,845 | -14.1% |
| Fixed assets | 21/28 | €591,899 | €542,904 | -€48,995 | -8.3% |
| Tangible fixed assets | 22/27 | €591,899 | €542,904 | -€48,995 | -8.3% |
| Land and buildings | 22 | €339,471 | €312,169 | -€27,302 | -8.0% |
| Furniture and vehicles | 24 | €4,092 | €2,458 | -€1,634 | -39.9% |
| Other tangible fixed assets | 26 | €248,336 | €228,277 | -€20,059 | -8.1% |
| Current assets | 29/58 | €165,916 | €108,065 | -€57,851 | -34.9% |
| Amounts receivable within one year | 40/41 | €48,400 | €24,200 | -€24,200 | -50.0% |
| Trade receivables | 40 | €48,400 | €24,200 | -€24,200 | -50.0% |
| Cash at bank and in hand | 54/58 | €106,097 | €71,525 | -€34,571 | -32.6% |
| Deferred charges and accrued income | 490/1 | €11,419 | €12,340 | +€921 | +8.1% |
| Total equity and liabilities | 10/49 | €757,815 | €650,969 | -€106,845 | -14.1% |
| Equity | 10/15 | €488,903 | €421,320 | -€67,583 | -13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €476,503 | €408,920 | -€67,583 | -14.2% |
| Tax-exempt reserves | 132 | €15,501 | €14,536 | -€965 | -6.2% |
| Distributable reserves | 133 | €461,003 | €394,384 | -€66,618 | -14.5% |
| Provisions and deferred taxes | 16 | €3,875 | €3,634 | -€241 | -6.2% |
| Deferred taxes | 168 | €3,875 | €3,634 | -€241 | -6.2% |
| Amounts payable | 17/49 | €265,036 | €226,015 | -€39,021 | -14.7% |
| Amounts payable after more than one year | 17 | €171,000 | €152,000 | -€19,000 | -11.1% |
| Financial debts | 170/4 | €171,000 | €152,000 | -€19,000 | -11.1% |
| Amounts payable within one year | 42/48 | €82,331 | €62,714 | -€19,618 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €31,292 | €19,000 | -€12,292 | -39.3% |
| Trade debts | 44 | €3,107 | €3,890 | +€783 | +25.2% |
| Suppliers | 440/4 | €3,107 | €3,890 | +€783 | +25.2% |
| Taxes, remuneration and social security | 45 | €10,789 | €16,431 | +€5,642 | +52.3% |
| Taxes | 450/3 | €10,789 | €16,431 | +€5,642 | +52.3% |
| Other amounts payable | 47/48 | €37,143 | €23,393 | -€13,750 | -37.0% |
| Accrued charges and deferred income | 492/3 | €11,705 | €11,301 | -€404 | -3.4% |
| Non-recurring operating income | 76A | €18,833 | - | -€18,833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,303 | €48,995 | -€3,308 | -6.3% |
| Other operating charges | 640/8 | €4,393 | €3,793 | -€600 | -13.7% |
| Gross operating margin | 9900 | €144,574 | €140,070 | -€4,504 | -3.1% |
| Operating profit (loss) | 9901 | €87,877 | €87,282 | -€595 | -0.7% |
| Financial income | 75/76B | - | €667 | +€667 | |
| Recurring financial income | 75 | - | €667 | +€667 | |
| Financial charges | 65/66B | €10,703 | €9,155 | -€1,548 | -14.5% |
| Recurring financial charges | 65 | €10,703 | €9,155 | -€1,548 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €77,174 | €78,794 | +€1,620 | +2.1% |
| Transfer from deferred taxes | 780 | €241 | €241 | = | 0.0% |
| Income taxes | 67/77 | €27,674 | €24,498 | -€3,176 | -11.5% |
| Profit (loss) for the period | 9904 | €49,741 | €54,537 | +€4,795 | +9.6% |
| Transfer from tax-exempt reserves | 789 | €965 | €965 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,706 | €55,501 | +€4,795 | +9.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.