ARTCASIX: 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.
ARTCASIX
Largest movements
- Tangible fixed assets -€156,189
down €156,189 (-8.8%), from €1.8m to €1.6m
of which Leasing and similar rights: -€155,000
- Receivables within one year -€32,613
down €32,613 (-69.4%), from €46,997 to €14,384
of which Other amounts receivable: -€19,143
- Debts after one year -€239,400
down €239,400 (-24.4%), from €979,939 to €740,540
of which Financial debts: -€311,400
- Profit (loss) carried forward +€143,219
up €143,219 (+194.4%), from €73,656 to €216,875
- Other debts -€80,000
no longer reported in 2025 (was €80,000)
- Financial charges -€10,740
down €10,740 (-20.9%), from €51,384 to €40,644
- Purchases and services +€10,692
new in 2025: €10,692
- Gross operating margin +€4,096
up €4,096 (+1.0%), from €394,900 to €398,996
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 | €1,892,321 | €1,704,861 | -€187,460 | -9.9% |
| Fixed assets | 21/28 | €1,775,097 | €1,618,908 | -€156,189 | -8.8% |
| Tangible fixed assets | 22/27 | €1,775,097 | €1,618,908 | -€156,189 | -8.8% |
| Land and buildings | 22 | €341,347 | €340,158 | -€1,189 | -0.3% |
| Leasing and similar rights | 25 | €1,433,750 | €1,278,750 | -€155,000 | -10.8% |
| Current assets | 29/58 | €117,224 | €85,953 | -€31,271 | -26.7% |
| Amounts receivable within one year | 40/41 | €46,997 | €14,384 | -€32,613 | -69.4% |
| Trade receivables | 40 | €13,470 | - | -€13,470 | |
| Other amounts receivable | 41 | €33,527 | €14,384 | -€19,143 | -57.1% |
| Cash at bank and in hand | 54/58 | €66,270 | €67,611 | +€1,341 | +2.0% |
| Deferred charges and accrued income | 490/1 | €3,957 | €3,958 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €1,892,321 | €1,704,861 | -€187,460 | -9.9% |
| Equity | 10/15 | €498,656 | €641,875 | +€143,219 | +28.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €175,000 | €175,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,656 | €216,875 | +€143,219 | +194.4% |
| Amounts payable | 17/49 | €1,393,665 | €1,062,987 | -€330,678 | -23.7% |
| Amounts payable after more than one year | 17 | €979,939 | €740,540 | -€239,400 | -24.4% |
| Financial debts | 170/4 | €979,939 | €668,540 | -€311,400 | -31.8% |
| Other amounts payable | 178/9 | - | €72,000 | +€72,000 | |
| Amounts payable within one year | 42/48 | €413,695 | €322,417 | -€91,278 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €229,876 | €239,400 | +€9,524 | +4.1% |
| Trade debts | 44 | €87,675 | €83,017 | -€4,658 | -5.3% |
| Suppliers | 440/4 | €87,675 | €83,017 | -€4,658 | -5.3% |
| Taxes, remuneration and social security | 45 | €16,144 | - | -€16,144 | |
| Taxes | 450/3 | €16,144 | - | -€16,144 | |
| Other amounts payable | 47/48 | €80,000 | - | -€80,000 | |
| Accrued charges and deferred income | 492/3 | €31 | €30 | -€1 | -2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €10,692 | +€10,692 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,189 | €156,189 | -€0 | 0.0% |
| Other operating charges | 640/8 | €14,438 | €14,892 | +€454 | +3.1% |
| Gross operating margin | 9900 | €394,900 | €398,996 | +€4,096 | +1.0% |
| Operating profit (loss) | 9901 | €224,273 | €227,916 | +€3,643 | +1.6% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €51,384 | €40,644 | -€10,740 | -20.9% |
| Recurring financial charges | 65 | €51,384 | €40,644 | -€10,740 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €172,889 | €187,320 | +€14,431 | +8.3% |
| Income taxes | 67/77 | €45,144 | €44,101 | -€1,043 | -2.3% |
| Profit (loss) for the period | 9904 | €127,745 | €143,219 | +€15,474 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €127,745 | €143,219 | +€15,474 | +12.1% |
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 8 October 2026 via checked.be.