ARTAP: 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.
ARTAP
Largest movements
- Receivables within one year -€11,915
down €11,915 (-72.3%), from €16,470 to €4,555
of which Trade receivables: -€8,478
- Stocks and contracts -€8,360
down €8,360 (-44.6%), from €18,743 to €10,383
- Tangible fixed assets -€534
down €534 (-39.2%), from €1,363 to €829
- Profit (loss) carried forward -€24,112
down €24,112 (-28.6%), from -€84,203 to -€108,315
- Other debts +€20,000
up €20,000 (+653.1%), from €3,063 to €23,063
- Short-term financial debts -€8,344
down €8,344 (-18.4%), from €45,269 to €36,926
- Trade debts -€7,846
down €7,846 (-90.4%), from €8,675 to €829
- Tax, wage and social debts -€564
down €564 (-59.5%), from €949 to €385
- Gross operating margin -€37,596
down €37,596, from €18,722 to -€18,873
- Financial charges -€1,358
down €1,358 (-24.8%), from €5,470 to €4,112
- Financial income -€937
down €937 (-100.0%), from €937 to €0
- Other operating charges -€515
down €515 (-46.5%), from €1,108 to €593
- Taxes -€384
down €384 (-100.0%), from €384 to €0
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 | €36,646 | €15,781 | -€20,866 | -56.9% |
| Fixed assets | 21/28 | €1,363 | €829 | -€534 | -39.2% |
| Tangible fixed assets | 22/27 | €1,363 | €829 | -€534 | -39.2% |
| Plant, machinery and equipment | 23 | €1,363 | €829 | -€534 | -39.2% |
| Current assets | 29/58 | €35,284 | €14,952 | -€20,332 | -57.6% |
| Stocks and contracts in progress | 3 | €18,743 | €10,383 | -€8,360 | -44.6% |
| Stocks | 30/36 | €18,743 | €10,383 | -€8,360 | -44.6% |
| Amounts receivable within one year | 40/41 | €16,470 | €4,555 | -€11,915 | -72.3% |
| Trade receivables | 40 | €11,754 | €3,277 | -€8,478 | -72.1% |
| Other amounts receivable | 41 | €4,716 | €1,278 | -€3,438 | -72.9% |
| Cash at bank and in hand | 54/58 | €13 | €13 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €57 | €0 | -€57 | -100.0% |
| Total equity and liabilities | 10/49 | €36,646 | €15,781 | -€20,866 | -56.9% |
| Equity | 10/15 | -€21,310 | -€45,422 | -€24,112 | -113.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €894 | €894 | = | 0.0% |
| Non-distributable reserves | 130/1 | €894 | €894 | = | 0.0% |
| Reserves not available under the articles | 1311 | €894 | €894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,203 | -€108,315 | -€24,112 | -28.6% |
| Amounts payable | 17/49 | €57,956 | €61,202 | +€3,246 | +5.6% |
| Amounts payable within one year | 42/48 | €57,956 | €61,202 | +€3,246 | +5.6% |
| Financial debts | 43 | €45,269 | €36,926 | -€8,344 | -18.4% |
| Credit institutions | 430/8 | €45,269 | €36,926 | -€8,344 | -18.4% |
| Trade debts | 44 | €8,675 | €829 | -€7,846 | -90.4% |
| Suppliers | 440/4 | €8,675 | €829 | -€7,846 | -90.4% |
| Taxes, remuneration and social security | 45 | €949 | €385 | -€564 | -59.5% |
| Taxes | 450/3 | €949 | €385 | -€564 | -59.5% |
| Other amounts payable | 47/48 | €3,063 | €23,063 | +€20,000 | +653.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,400 | €0 | -€6,400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €534 | +€53 | +10.9% |
| Other operating charges | 640/8 | €1,108 | €593 | -€515 | -46.5% |
| Gross operating margin | 9900 | €18,722 | -€18,873 | -€37,596 | |
| Operating profit (loss) | 9901 | €17,133 | -€20,000 | -€37,133 | |
| Financial income | 75/76B | €937 | €0 | -€937 | -100.0% |
| Recurring financial income | 75 | €937 | €0 | -€937 | -100.0% |
| Financial charges | 65/66B | €5,470 | €4,112 | -€1,358 | -24.8% |
| Recurring financial charges | 65 | €5,470 | €4,112 | -€1,358 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €12,601 | -€24,112 | -€36,712 | |
| Income taxes | 67/77 | €384 | €0 | -€384 | -100.0% |
| Profit (loss) for the period | 9904 | €12,216 | -€24,112 | -€36,328 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,216 | -€24,112 | -€36,328 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.