ARTE-J: 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-J
Largest movements
- Receivables within one year +€160,459
up €160,459 (+104%), from €154,230 to €314,689
of which Other amounts receivable: +€139,530
- Tangible fixed assets -€56,641
down €56,641 (-6.8%), from €830,835 to €774,194
of which Furniture and vehicles: -€32,104
- Cash +€33,699
up €33,699 (+13.8%), from €243,709 to €277,408
mainly Net result for the year (+€340,289) and Depreciation (+€61,047)
- Reserves +€179,833
up €179,833 (+19.2%), from €935,557 to €1.1m
- Debts after one year -€43,714
down €43,714 (-8.6%), from €510,847 to €467,134
- Gross operating margin +€30,756
up €30,756 (+5.9%), from €523,857 to €554,612
- Financial income +€18,397
up €18,397 (+404%), from €4,558 to €22,955
- Taxes +€16,222
up €16,222 (+11.2%), from €145,333 to €161,555
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 | €1,603,465 | €1,752,280 | +€148,815 | +9.3% |
| Fixed assets | 21/28 | €830,835 | €774,194 | -€56,641 | -6.8% |
| Tangible fixed assets | 22/27 | €830,835 | €774,194 | -€56,641 | -6.8% |
| Land and buildings | 22 | €700,822 | €679,462 | -€21,360 | -3.0% |
| Plant, machinery and equipment | 23 | €5,547 | €2,370 | -€3,177 | -57.3% |
| Furniture and vehicles | 24 | €124,466 | €92,362 | -€32,104 | -25.8% |
| Current assets | 29/58 | €772,631 | €978,087 | +€205,456 | +26.6% |
| Amounts receivable within one year | 40/41 | €154,230 | €314,689 | +€160,459 | +104% |
| Trade receivables | 40 | €132,230 | €153,159 | +€20,929 | +15.8% |
| Other amounts receivable | 41 | €22,000 | €161,530 | +€139,530 | +634% |
| Current investments | 50/53 | €372,711 | €385,990 | +€13,279 | +3.6% |
| Cash at bank and in hand | 54/58 | €243,709 | €277,408 | +€33,699 | +13.8% |
| Deferred charges and accrued income | 490/1 | €1,981 | €0 | -€1,981 | -100% |
| Total equity and liabilities | 10/49 | €1,603,465 | €1,752,280 | +€148,815 | +9.3% |
| Equity | 10/15 | €947,957 | €1,127,790 | +€179,833 | +19.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €935,557 | €1,115,390 | +€179,833 | +19.2% |
| Distributable reserves | 133 | €935,557 | €1,115,390 | +€179,833 | +19.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €655,509 | €624,490 | -€31,019 | -4.7% |
| Amounts payable after more than one year | 17 | €510,847 | €467,134 | -€43,714 | -8.6% |
| Financial debts | 170/4 | €510,847 | €467,134 | -€43,714 | -8.6% |
| Amounts payable within one year | 42/48 | €144,661 | €157,356 | +€12,695 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €43,054 | €43,714 | +€659 | +1.5% |
| Trade debts | 44 | €3,707 | €6,719 | +€3,012 | +81.3% |
| Suppliers | 440/4 | €3,707 | €6,719 | +€3,012 | +81.3% |
| Taxes, remuneration and social security | 45 | €96,809 | €106,924 | +€10,115 | +10.4% |
| Taxes | 450/3 | €96,809 | €106,924 | +€10,115 | +10.4% |
| Other amounts payable | 47/48 | €1,092 | €0 | -€1,092 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,552 | €61,047 | +€495 | +0.8% |
| Other operating charges | 640/8 | €4,391 | €5,262 | +€871 | +19.8% |
| Gross operating margin | 9900 | €523,857 | €554,612 | +€30,756 | +5.9% |
| Operating profit (loss) | 9901 | €458,913 | €488,304 | +€29,390 | +6.4% |
| Financial income | 75/76B | €4,558 | €22,955 | +€18,397 | +404% |
| Recurring financial income | 75 | €4,558 | €22,955 | +€18,397 | +404% |
| Financial charges | 65/66B | €10,199 | €9,414 | -€785 | -7.7% |
| Recurring financial charges | 65 | €10,199 | €9,414 | -€785 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €453,272 | €501,844 | +€48,572 | +10.7% |
| Income taxes | 67/77 | €145,333 | €161,555 | +€16,222 | +11.2% |
| Profit (loss) for the period | 9904 | €307,938 | €340,289 | +€32,351 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €307,938 | €340,289 | +€32,351 | +10.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.