ARTE: 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.
ARTE
Largest movements
- Current investments -€39,995
no longer reported in 2025 (was €39,995)
- Cash +€33,374
up €33,374 (+238.8%), from €13,973 to €47,347
mainly Current investments (+€39,995) and Other debts (+€9,571)
- Stocks and contracts +€8,120
up €8,120 (+14.4%), from €56,448 to €64,568
- Receivables within one year +€4,372
up €4,372 (+85.8%), from €5,094 to €9,466
of which Other amounts receivable: +€3,134
- Tangible fixed assets -€2,501
down €2,501 (-65.5%), from €3,815 to €1,315
- Other debts +€9,571
up €9,571 (+103.0%), from €9,292 to €18,863
- Profit (loss) carried forward -€2,445
down €2,445 (-11.3%), from €21,617 to €19,172
- Accrued charges and deferred income -€1,385
down €1,385 (-24.6%), from €5,641 to €4,256
- Gross operating margin -€26,407
down €26,407 (-97.6%), from €27,044 to €638
- Taxes -€6,627
no longer reported in 2025 (was €6,627)
- Depreciation -€3,947
down €3,947 (-61.2%), from €6,448 to €2,501
- Financial income -€370
down €370 (-45.1%), from €821 to €451
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 | €120,754 | €123,341 | +€2,586 | +2.1% |
| Fixed assets | 21/28 | €3,815 | €1,315 | -€2,501 | -65.5% |
| Tangible fixed assets | 22/27 | €3,815 | €1,315 | -€2,501 | -65.5% |
| Furniture and vehicles | 24 | €3,815 | €1,315 | -€2,501 | -65.5% |
| Current assets | 29/58 | €116,939 | €122,026 | +€5,087 | +4.4% |
| Stocks and contracts in progress | 3 | €56,448 | €64,568 | +€8,120 | +14.4% |
| Stocks | 30/36 | €56,448 | €64,568 | +€8,120 | +14.4% |
| Amounts receivable within one year | 40/41 | €5,094 | €9,466 | +€4,372 | +85.8% |
| Trade receivables | 40 | €5,094 | €6,332 | +€1,239 | +24.3% |
| Other amounts receivable | 41 | - | €3,134 | +€3,134 | |
| Current investments | 50/53 | €39,995 | - | -€39,995 | |
| Cash at bank and in hand | 54/58 | €13,973 | €47,347 | +€33,374 | +238.8% |
| Deferred charges and accrued income | 490/1 | €1,429 | €646 | -€783 | -54.8% |
| Total equity and liabilities | 10/49 | €120,754 | €123,341 | +€2,586 | +2.1% |
| Equity | 10/15 | €91,319 | €88,874 | -€2,445 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,502 | €63,502 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €61,643 | €61,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,617 | €19,172 | -€2,445 | -11.3% |
| Amounts payable | 17/49 | €29,436 | €34,467 | +€5,031 | +17.1% |
| Amounts payable within one year | 42/48 | €23,794 | €30,211 | +€6,416 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €847 | - | -€847 | |
| Trade debts | 44 | €7,980 | €6,803 | -€1,177 | -14.7% |
| Suppliers | 440/4 | €7,980 | €6,803 | -€1,177 | -14.7% |
| Taxes, remuneration and social security | 45 | €5,675 | €4,544 | -€1,130 | -19.9% |
| Taxes | 450/3 | €5,675 | €4,544 | -€1,130 | -19.9% |
| Other amounts payable | 47/48 | €9,292 | €18,863 | +€9,571 | +103.0% |
| Accrued charges and deferred income | 492/3 | €5,641 | €4,256 | -€1,385 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,448 | €2,501 | -€3,947 | -61.2% |
| Other operating charges | 640/8 | €855 | €892 | +€37 | +4.3% |
| Gross operating margin | 9900 | €27,044 | €638 | -€26,407 | -97.6% |
| Operating profit (loss) | 9901 | €19,741 | -€2,756 | -€22,497 | |
| Financial income | 75/76B | €821 | €451 | -€370 | -45.1% |
| Recurring financial income | 75 | €821 | €451 | -€370 | -45.1% |
| Financial charges | 65/66B | €99 | €140 | +€41 | +41.5% |
| Recurring financial charges | 65 | €99 | €140 | +€41 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €20,464 | -€2,445 | -€22,909 | |
| Income taxes | 67/77 | €6,627 | - | -€6,627 | |
| Profit (loss) for the period | 9904 | €13,837 | -€2,445 | -€16,282 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,837 | -€2,445 | -€16,282 |
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 29 September 2026 via checked.be.