ARTAS: 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.
ARTAS
Largest movements
- Tangible fixed assets -€112,839
down €112,839 (-6.1%), from €1.9m to €1.7m
of which Land and buildings: -€111,462
- Reserves -€45,171
down €45,171 (-22.7%), from €199,234 to €154,063
of which Distributable reserves: -€45,171
- Debts after one year -€25,851
down €25,851 (-1.9%), from €1.4m to €1.3m
- Gross operating margin -€706,781
down €706,781 (-90.4%), from €781,870 to €75,089
- Depreciation -€34,083
down €34,083 (-22.6%), from €150,944 to €116,861
- Financial charges -€27,630
down €27,630 (-64.4%), from €42,902 to €15,271
- Financial income +€9,019
up €9,019 (+9,132%), from €99 to €9,117
- Taxes -€8,029
down €8,029 (-97.3%), from €8,256 to €227
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 | €2,295,755 | €2,202,649 | -€93,106 | -4.1% |
| Fixed assets | 21/28 | €1,853,370 | €1,740,531 | -€112,839 | -6.1% |
| Tangible fixed assets | 22/27 | €1,853,370 | €1,740,531 | -€112,839 | -6.1% |
| Land and buildings | 22 | €1,844,456 | €1,732,994 | -€111,462 | -6.0% |
| Plant, machinery and equipment | 23 | €7,281 | €6,203 | -€1,079 | -14.8% |
| Furniture and vehicles | 24 | €1,632 | €1,334 | -€298 | -18.3% |
| Current assets | 29/58 | €442,385 | €462,118 | +€19,733 | +4.5% |
| Amounts receivable after more than one year | 29 | €425,434 | €444,043 | +€18,609 | +4.4% |
| Other amounts receivable | 291 | €425,434 | €444,043 | +€18,609 | +4.4% |
| Amounts receivable within one year | 40/41 | €5,769 | - | -€5,769 | |
| Other amounts receivable | 41 | €5,769 | - | -€5,769 | |
| Cash at bank and in hand | 54/58 | €4,480 | €10,575 | +€6,095 | +136% |
| Deferred charges and accrued income | 490/1 | €6,701 | €7,500 | +€798 | +11.9% |
| Total equity and liabilities | 10/49 | €2,295,755 | €2,202,649 | -€93,106 | -4.1% |
| Equity | 10/15 | €899,234 | €831,904 | -€67,329 | -7.5% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €199,234 | €154,063 | -€45,171 | -22.7% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Legal reserve | 130 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €129,234 | €84,063 | -€45,171 | -35.0% |
| Profit (loss) carried forward | 14 | - | -€22,159 | -€22,159 | |
| Amounts payable | 17/49 | €1,396,521 | €1,370,744 | -€25,777 | -1.8% |
| Amounts payable after more than one year | 17 | €1,356,521 | €1,330,670 | -€25,851 | -1.9% |
| Financial debts | 170/4 | €1,356,521 | €1,330,670 | -€25,851 | -1.9% |
| Amounts payable within one year | 42/48 | €40,000 | €40,074 | +€74 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €74 | +€74 | |
| Taxes | 450/3 | - | €74 | +€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,944 | €116,861 | -€34,083 | -22.6% |
| Other operating charges | 640/8 | €23,273 | €19,177 | -€4,096 | -17.6% |
| Gross operating margin | 9900 | €781,870 | €75,089 | -€706,781 | -90.4% |
| Operating profit (loss) | 9901 | €607,653 | -€60,949 | -€668,602 | |
| Financial income | 75/76B | €99 | €9,117 | +€9,019 | +9,132% |
| Recurring financial income | 75 | €99 | €9,117 | +€9,019 | +9,132% |
| Financial charges | 65/66B | €42,902 | €15,271 | -€27,630 | -64.4% |
| Recurring financial charges | 65 | €42,902 | €15,271 | -€27,630 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €564,850 | -€67,103 | -€631,953 | |
| Income taxes | 67/77 | €8,256 | €227 | -€8,029 | -97.3% |
| Profit (loss) for the period | 9904 | €556,594 | -€67,329 | -€623,924 | |
| Profit (loss) for the period to be appropriated | 9905 | €556,594 | -€67,329 | -€623,924 |
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 14 October 2026 via checked.be.