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
- Cash -€1,063
down €1,063 (-13.4%), from €7,917 to €6,854
mainly Investment in fixed assets (net) (-€2,252) and Other debts (-€1,797)
- Receivables within one year +€943
up €943 (+38.1%), from €2,476 to €3,419
of which Other amounts receivable: +€1,012
- Stocks and contracts +€369
up €369 (+4.7%), from €7,915 to €8,284
- Tangible fixed assets -€363
down €363 (-3.8%), from €9,587 to €9,224
of which Other tangible fixed assets: -€375
- Other debts -€1,797
down €1,797 (-68.3%), from €2,630 to €833
- Trade debts +€1,504
up €1,504 (+183.3%), from €820 to €2,324
- Staff costs +€4,882
up €4,882 (+10.0%), from €48,679 to €53,561
- Gross operating margin +€2,800
up €2,800 (+5.0%), from €55,999 to €58,799
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 | €28,670 | €28,566 | -€104 | -0.4% |
| Fixed assets | 21/28 | €9,587 | €9,224 | -€363 | -3.8% |
| Tangible fixed assets | 22/27 | €9,587 | €9,224 | -€363 | -3.8% |
| Plant, machinery and equipment | 23 | €4,187 | €4,181 | -€6 | -0.1% |
| Furniture and vehicles | 24 | €2,958 | €2,976 | +€18 | +0.6% |
| Other tangible fixed assets | 26 | €2,442 | €2,067 | -€375 | -15.4% |
| Current assets | 29/58 | €19,083 | €19,342 | +€259 | +1.4% |
| Stocks and contracts in progress | 3 | €7,915 | €8,284 | +€369 | +4.7% |
| Stocks | 30/36 | €7,915 | €8,284 | +€369 | +4.7% |
| Amounts receivable within one year | 40/41 | €2,476 | €3,419 | +€943 | +38.1% |
| Trade receivables | 40 | €2,476 | €2,407 | -€69 | -2.8% |
| Other amounts receivable | 41 | - | €1,012 | +€1,012 | |
| Cash at bank and in hand | 54/58 | €7,917 | €6,854 | -€1,063 | -13.4% |
| Deferred charges and accrued income | 490/1 | €774 | €785 | +€11 | +1.4% |
| Total equity and liabilities | 10/49 | €28,670 | €28,566 | -€104 | -0.4% |
| Equity | 10/15 | €15,040 | €15,281 | +€241 | +1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,840 | €9,081 | +€241 | +2.7% |
| Distributable reserves | 133 | €8,840 | €9,081 | +€241 | +2.7% |
| Amounts payable | 17/49 | €13,630 | €13,285 | -€345 | -2.5% |
| Amounts payable within one year | 42/48 | €13,630 | €13,285 | -€345 | -2.5% |
| Trade debts | 44 | €820 | €2,324 | +€1,504 | +183.3% |
| Suppliers | 440/4 | €820 | €2,324 | +€1,504 | +183.3% |
| Taxes, remuneration and social security | 45 | €10,180 | €10,128 | -€52 | -0.5% |
| Taxes | 450/3 | €6,671 | €6,442 | -€229 | -3.4% |
| Remuneration and social security | 454/9 | €3,509 | €3,686 | +€177 | +5.0% |
| Other amounts payable | 47/48 | €2,630 | €833 | -€1,797 | -68.3% |
| Remuneration, social security and pensions | 62 | €48,679 | €53,561 | +€4,882 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,644 | €2,615 | -€29 | -1.1% |
| Other operating charges | 640/8 | €325 | €336 | +€10 | +3.2% |
| Gross operating margin | 9900 | €55,999 | €58,799 | +€2,800 | +5.0% |
| Operating profit (loss) | 9901 | €4,351 | €2,287 | -€2,064 | -47.4% |
| Financial income | 75/76B | €74 | €70 | -€4 | -5.4% |
| Recurring financial income | 75 | €74 | €70 | -€4 | -5.4% |
| Financial charges | 65/66B | €385 | €470 | +€85 | +22.0% |
| Recurring financial charges | 65 | €385 | €470 | +€85 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €4,039 | €1,887 | -€2,153 | -53.3% |
| Income taxes | 67/77 | €370 | €813 | +€443 | +119.6% |
| Profit (loss) for the period | 9904 | €3,669 | €1,074 | -€2,595 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,669 | €1,074 | -€2,595 | -70.7% |
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 7 October 2026 via checked.be.