Artchoc: 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.
Artchoc
Largest movements
- Receivables within one year +€13,692
up €13,692 (+13.0%), from €104,964 to €118,657
of which Other amounts receivable: +€12,259
- Cash -€2,647
down €2,647 (-33.9%), from €7,812 to €5,165
mainly Receivables within one year (-€13,692) and Debts after one year (-€5,317)
- Reserves +€17,708
up €17,708 (+30.2%), from €58,603 to €76,310
- Trade debts +€6,369
up €6,369 (+71.6%), from €8,899 to €15,268
- Debts after one year -€5,317
no longer reported in 2025 (was €5,317)
- Short-term financial debts -€2,871
down €2,871 (-24.4%), from €11,783 to €8,911
- Tax, wage and social debts -€1,458
down €1,458 (-11.1%), from €13,169 to €11,711
of which Taxes: -€2,422
- Gross operating margin -€12,414
down €12,414 (-18.2%), from €68,350 to €55,936
- Staff costs +€5,633
up €5,633 (+25.1%), from €22,439 to €28,073
- Taxes -€3,495
down €3,495 (-40.2%), from €8,697 to €5,202
- Depreciation -€2,396
down €2,396 (-43.4%), from €5,521 to €3,126
- Financial charges +€2,070
up €2,070 (+54.5%), from €3,798 to €5,868
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 | €128,445 | €141,169 | +€12,724 | +9.9% |
| Fixed assets | 21/28 | €14,209 | €15,068 | +€859 | +6.0% |
| Tangible fixed assets | 22/27 | €8,874 | €9,733 | +€859 | +9.7% |
| Plant, machinery and equipment | 23 | €1,981 | €4,108 | +€2,127 | +107.4% |
| Furniture and vehicles | 24 | €2,000 | €1,175 | -€824 | -41.2% |
| Other tangible fixed assets | 26 | €4,894 | €4,449 | -€444 | -9.1% |
| Financial fixed assets | 28 | €5,335 | €5,335 | = | 0.0% |
| Current assets | 29/58 | €114,236 | €126,101 | +€11,865 | +10.4% |
| Stocks and contracts in progress | 3 | €600 | €600 | = | 0.0% |
| Stocks | 30/36 | €600 | €600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €104,964 | €118,657 | +€13,692 | +13.0% |
| Trade receivables | 40 | - | €1,433 | +€1,433 | |
| Other amounts receivable | 41 | €104,964 | €117,223 | +€12,259 | +11.7% |
| Cash at bank and in hand | 54/58 | €7,812 | €5,165 | -€2,647 | -33.9% |
| Deferred charges and accrued income | 490/1 | €859 | €1,680 | +€821 | +95.5% |
| Total equity and liabilities | 10/49 | €128,445 | €141,169 | +€12,724 | +9.9% |
| Equity | 10/15 | €78,603 | €96,310 | +€17,708 | +22.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €58,603 | €76,310 | +€17,708 | +30.2% |
| Distributable reserves | 133 | €58,603 | €76,310 | +€17,708 | +30.2% |
| Amounts payable | 17/49 | €49,842 | €44,859 | -€4,984 | -10.0% |
| Amounts payable after more than one year | 17 | €5,317 | - | -€5,317 | |
| Financial debts | 170/4 | €5,317 | - | -€5,317 | |
| Amounts payable within one year | 42/48 | €44,525 | €44,234 | -€291 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €6,753 | €5,317 | -€1,436 | -21.3% |
| Financial debts | 43 | €11,783 | €8,911 | -€2,871 | -24.4% |
| Credit institutions | 430/8 | €11,783 | €8,911 | -€2,871 | -24.4% |
| Trade debts | 44 | €8,899 | €15,268 | +€6,369 | +71.6% |
| Suppliers | 440/4 | €8,899 | €15,268 | +€6,369 | +71.6% |
| Advances received on contracts in progress | 46 | €3,088 | €2,193 | -€895 | -29.0% |
| Taxes, remuneration and social security | 45 | €13,169 | €11,711 | -€1,458 | -11.1% |
| Taxes | 450/3 | €12,145 | €9,722 | -€2,422 | -19.9% |
| Remuneration and social security | 454/9 | €1,024 | €1,988 | +€964 | +94.1% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Non-recurring operating income | 76A | - | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | €22,439 | €28,073 | +€5,633 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,521 | €3,126 | -€2,396 | -43.4% |
| Other operating charges | 640/8 | €3,287 | €1,876 | -€1,411 | -42.9% |
| Non-recurring operating charges | 66A | €440 | - | -€440 | |
| Gross operating margin | 9900 | €68,350 | €55,936 | -€12,414 | -18.2% |
| Operating profit (loss) | 9901 | €36,663 | €22,862 | -€13,801 | -37.6% |
| Financial income | 75/76B | €6,326 | €6,748 | +€422 | +6.7% |
| Recurring financial income | 75 | €6,326 | €6,748 | +€422 | +6.7% |
| Financial charges | 65/66B | €3,798 | €5,868 | +€2,070 | +54.5% |
| Recurring financial charges | 65 | €3,798 | €5,868 | +€2,070 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €39,191 | €23,742 | -€15,449 | -39.4% |
| Income taxes | 67/77 | €8,697 | €5,202 | -€3,495 | -40.2% |
| Profit (loss) for the period | 9904 | €30,495 | €18,541 | -€11,954 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,495 | €18,541 | -€11,954 | -39.2% |
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 5 October 2026 via checked.be.