ARTDAK: 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.
ARTDAK
Largest movements
- Receivables within one year +€34,949
up €34,949 (+55.6%), from €62,891 to €97,840
of which Trade receivables: +€37,968
- Tangible fixed assets -€15,273
down €15,273 (-23.7%), from €64,485 to €49,213
of which Plant, machinery and equipment: -€14,717
- Cash +€3,280
new in 2025: €3,280
mainly Trade debts (+€28,032) and Depreciation (+€15,273)
- Trade debts +€28,032
up €28,032 (+358.1%), from €7,828 to €35,860
- Debts after one year -€12,909
down €12,909 (-57.8%), from €22,343 to €9,434
- Tax, wage and social debts -€9,324
down €9,324 (-43.8%), from €21,273 to €11,949
- Reserves +€8,964
up €8,964 (+18.5%), from €48,395 to €57,358
- Advances received +€4,690
up €4,690 (+23.4%), from €20,020 to €24,710
- Gross operating margin -€21,384
down €21,384 (-39.3%), from €54,430 to €33,047
- Depreciation -€6,168
down €6,168 (-28.8%), from €21,441 to €15,273
- Taxes -€3,852
down €3,852 (-61.7%), from €6,246 to €2,393
- Financial charges +€2,646
up €2,646 (+106.0%), from €2,496 to €5,142
- Other operating charges -€1,058
down €1,058 (-59.2%), from €1,787 to €729
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 | €147,396 | €170,352 | +€22,956 | +15.6% |
| Fixed assets | 21/28 | €64,485 | €49,213 | -€15,273 | -23.7% |
| Tangible fixed assets | 22/27 | €64,485 | €49,213 | -€15,273 | -23.7% |
| Plant, machinery and equipment | 23 | €63,549 | €48,832 | -€14,717 | -23.2% |
| Furniture and vehicles | 24 | €937 | €381 | -€556 | -59.3% |
| Current assets | 29/58 | €82,911 | €121,140 | +€38,229 | +46.1% |
| Stocks and contracts in progress | 3 | €20,020 | €20,020 | = | 0.0% |
| Contracts in progress | 37 | €20,020 | €20,020 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,891 | €97,840 | +€34,949 | +55.6% |
| Trade receivables | 40 | €47,731 | €85,699 | +€37,968 | +79.5% |
| Other amounts receivable | 41 | €15,160 | €12,140 | -€3,020 | -19.9% |
| Cash at bank and in hand | 54/58 | - | €3,280 | +€3,280 | |
| Total equity and liabilities | 10/49 | €147,396 | €170,352 | +€22,956 | +15.6% |
| Equity | 10/15 | €60,395 | €69,358 | +€8,964 | +14.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €48,395 | €57,358 | +€8,964 | +18.5% |
| Distributable reserves | 133 | €48,395 | €57,358 | +€8,964 | +18.5% |
| Amounts payable | 17/49 | €87,001 | €100,994 | +€13,993 | +16.1% |
| Amounts payable after more than one year | 17 | €22,343 | €9,434 | -€12,909 | -57.8% |
| Financial debts | 170/4 | €22,343 | €9,434 | -€12,909 | -57.8% |
| Amounts payable within one year | 42/48 | €64,658 | €91,560 | +€26,902 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €11,699 | €12,909 | +€1,210 | +10.3% |
| Financial debts | 43 | €337 | - | -€337 | |
| Credit institutions | 430/8 | €337 | - | -€337 | |
| Trade debts | 44 | €7,828 | €35,860 | +€28,032 | +358.1% |
| Suppliers | 440/4 | €7,828 | €35,860 | +€28,032 | +358.1% |
| Advances received on contracts in progress | 46 | €20,020 | €24,710 | +€4,690 | +23.4% |
| Taxes, remuneration and social security | 45 | €21,273 | €11,949 | -€9,324 | -43.8% |
| Taxes | 450/3 | €21,273 | €11,949 | -€9,324 | -43.8% |
| Other amounts payable | 47/48 | €3,501 | €6,131 | +€2,630 | +75.1% |
| Remuneration, social security and pensions | 62 | €146 | €560 | +€415 | +284.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,441 | €15,273 | -€6,168 | -28.8% |
| Other operating charges | 640/8 | €1,787 | €729 | -€1,058 | -59.2% |
| Gross operating margin | 9900 | €54,430 | €33,047 | -€21,384 | -39.3% |
| Operating profit (loss) | 9901 | €31,056 | €16,485 | -€14,572 | -46.9% |
| Financial income | 75/76B | €19 | €14 | -€5 | -27.5% |
| Recurring financial income | 75 | €19 | €14 | -€5 | -27.5% |
| Financial charges | 65/66B | €2,496 | €5,142 | +€2,646 | +106.0% |
| Recurring financial charges | 65 | €2,496 | €5,142 | +€2,646 | +106.0% |
| Profit (loss) for the period before taxes | 9903 | €28,580 | €11,357 | -€17,223 | -60.3% |
| Income taxes | 67/77 | €6,246 | €2,393 | -€3,852 | -61.7% |
| Profit (loss) for the period | 9904 | €22,334 | €8,964 | -€13,370 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,334 | €8,964 | -€13,370 | -59.9% |
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 3 October 2026 via checked.be.