ARTE - COSE: what changed
Two financial 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 - COSE
Largest movements
- Receivables within one year +€71,660
up €71,660 (+66.2%), from €108,182 to €179,842
of which Other amounts receivable: +€75,918
- Tangible fixed assets -€23,304
down €23,304 (-27.2%), from €85,733 to €62,429
of which Plant, machinery and equipment: -€14,728
- Cash -€13,738
down €13,738 (-15.8%), from €86,782 to €73,044
mainly Receivables within one year (-€71,660) and Trade debts (-€53,935)
- Stocks and contracts +€8,743
up €8,743 (+21.2%), from €41,272 to €50,015
of which Contracts in progress: +€11,040
- Other debts +€81,845
up €81,845 (+63.6%), from €128,730 to €210,575
- Trade debts -€53,935
down €53,935 (-81.9%), from €65,874 to €11,939
- Tax, wage and social debts +€16,345
up €16,345 (+43.8%), from €37,298 to €53,644
of which Taxes: +€21,181
- Advances received -€14,967
down €14,967 (-52.8%), from €28,325 to €13,358
- Profit (loss) carried forward +€7,258
up €7,258 (+60.0%), from -€12,092 to -€4,834
- Gross operating margin -€26,624
down €26,624 (-26.4%), from €100,860 to €74,237
- Financial income -€21,348
down €21,348 (-89.8%), from €23,767 to €2,419
- Staff costs -€20,091
down €20,091 (-47.5%), from €42,338 to €22,246
- Write-downs -€6,810
down €6,810 (-100%), from €6,810 to €0
- Other operating charges -€4,371
down €4,371 (-42.1%), from €10,372 to €6,001
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.
Derived cash bridge
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 | €323,800 | €367,080 | +€43,281 | +13.4% |
| Fixed assets | 21/28 | €86,223 | €62,919 | -€23,304 | -27.0% |
| Tangible fixed assets | 22/27 | €85,733 | €62,429 | -€23,304 | -27.2% |
| Plant, machinery and equipment | 23 | €62,272 | €47,545 | -€14,728 | -23.7% |
| Furniture and vehicles | 24 | €16,401 | €9,270 | -€7,131 | -43.5% |
| Other tangible fixed assets | 26 | €7,060 | €5,614 | -€1,446 | -20.5% |
| Financial fixed assets | 28 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €237,577 | €304,162 | +€66,585 | +28.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €41,272 | €50,015 | +€8,743 | +21.2% |
| Stocks | 30/36 | €41,272 | €38,976 | -€2,296 | -5.6% |
| Contracts in progress | 37 | - | €11,040 | +€11,040 | |
| Amounts receivable within one year | 40/41 | €108,182 | €179,842 | +€71,660 | +66.2% |
| Trade receivables | 40 | €70,340 | €66,082 | -€4,258 | -6.1% |
| Other amounts receivable | 41 | €37,842 | €113,759 | +€75,918 | +201% |
| Cash at bank and in hand | 54/58 | €86,782 | €73,044 | -€13,738 | -15.8% |
| Deferred charges and accrued income | 490/1 | €1,341 | €1,261 | -€81 | -6.0% |
| Total equity and liabilities | 10/49 | €323,800 | €367,080 | +€43,281 | +13.4% |
| Equity | 10/15 | €9,908 | €17,166 | +€7,258 | +73.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,092 | -€4,834 | +€7,258 | +60.0% |
| Amounts payable | 17/49 | €313,891 | €349,914 | +€36,023 | +11.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €310,227 | €339,516 | +€29,289 | +9.4% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €65,874 | €11,939 | -€53,935 | -81.9% |
| Suppliers | 440/4 | €65,874 | €11,939 | -€53,935 | -81.9% |
| Advances received on contracts in progress | 46 | €28,325 | €13,358 | -€14,967 | -52.8% |
| Taxes, remuneration and social security | 45 | €37,298 | €53,644 | +€16,345 | +43.8% |
| Taxes | 450/3 | €29,040 | €50,221 | +€21,181 | +72.9% |
| Remuneration and social security | 454/9 | €8,258 | €3,422 | -€4,835 | -58.6% |
| Other amounts payable | 47/48 | €128,730 | €210,575 | +€81,845 | +63.6% |
| Accrued charges and deferred income | 492/3 | €3,665 | €10,398 | +€6,734 | +184% |
| Remuneration, social security and pensions | 62 | €42,338 | €22,246 | -€20,091 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,810 | €23,304 | +€494 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,810 | €0 | -€6,810 | -100% |
| Other operating charges | 640/8 | €10,372 | €6,001 | -€4,371 | -42.1% |
| Gross operating margin | 9900 | €100,860 | €74,237 | -€26,624 | -26.4% |
| Operating profit (loss) | 9901 | €18,530 | €22,685 | +€4,155 | +22.4% |
| Financial income | 75/76B | €23,767 | €2,419 | -€21,348 | -89.8% |
| Recurring financial income | 75 | €23,767 | €2,419 | -€21,348 | -89.8% |
| Financial charges | 65/66B | €12,408 | €13,602 | +€1,194 | +9.6% |
| Recurring financial charges | 65 | €12,408 | €13,602 | +€1,194 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €29,890 | €11,502 | -€18,387 | -61.5% |
| Income taxes | 67/77 | €293 | €4,244 | +€3,951 | +1,350% |
| Profit (loss) for the period | 9904 | €29,597 | €7,258 | -€22,339 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,597 | €7,258 | -€22,339 | -75.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.