ARTeam: 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.
ARTeam
Largest movements
- Cash +€29,515
up €29,515 (+222%), from €13,283 to €42,798
mainly Net result for the year (+€17,160) and Depreciation (+€7,028)
- Tangible fixed assets -€7,028
down €7,028 (-87.5%), from €8,032 to €1,003
- Receivables within one year +€4,659
up €4,659 (+26.1%), from €17,827 to €22,486
of which Other amounts receivable: +€4,621
- Profit (loss) carried forward +€17,160
up €17,160 (+90.6%), from €18,935 to €36,095
- Tax, wage and social debts +€6,429
up €6,429 (+113%), from €5,682 to €12,110
- Trade debts +€5,030
up €5,030 (+498%), from €1,009 to €6,040
- Current portion of long-term debt -€1,826
no longer reported in 2025 (was €1,826)
- Gross operating margin -€4,591
down €4,591 (-12.7%), from €36,021 to €31,429
- Taxes +€1,078
up €1,078 (+20.1%), from €5,351 to €6,429
- Financial charges -€984
down €984 (-91.6%), from €1,075 to €91
of which Non-recurring financial charges: -€1,055
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 | €42,511 | €69,305 | +€26,794 | +63.0% |
| Fixed assets | 21/28 | €11,050 | €4,021 | -€7,028 | -63.6% |
| Tangible fixed assets | 22/27 | €8,032 | €1,003 | -€7,028 | -87.5% |
| Furniture and vehicles | 24 | €8,032 | €1,003 | -€7,028 | -87.5% |
| Financial fixed assets | 28 | €3,018 | €3,018 | = | 0.0% |
| Current assets | 29/58 | €31,461 | €65,283 | +€33,822 | +108% |
| Amounts receivable within one year | 40/41 | €17,827 | €22,486 | +€4,659 | +26.1% |
| Trade receivables | 40 | - | €38 | +€38 | |
| Other amounts receivable | 41 | €17,827 | €22,448 | +€4,621 | +25.9% |
| Cash at bank and in hand | 54/58 | €13,283 | €42,798 | +€29,515 | +222% |
| Deferred charges and accrued income | 490/1 | €351 | - | -€351 | |
| Total equity and liabilities | 10/49 | €42,511 | €69,305 | +€26,794 | +63.0% |
| Equity | 10/15 | €33,995 | €51,155 | +€17,160 | +50.5% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,935 | €36,095 | +€17,160 | +90.6% |
| Amounts payable | 17/49 | €8,516 | €18,150 | +€9,633 | +113% |
| Amounts payable within one year | 42/48 | €8,516 | €18,150 | +€9,633 | +113% |
| Current portion of amounts payable after more than one year | 42 | €1,826 | - | -€1,826 | |
| Trade debts | 44 | €1,009 | €6,040 | +€5,030 | +498% |
| Suppliers | 440/4 | €1,009 | €6,040 | +€5,030 | +498% |
| Taxes, remuneration and social security | 45 | €5,682 | €12,110 | +€6,429 | +113% |
| Taxes | 450/3 | €5,682 | €12,110 | +€6,429 | +113% |
| Non-recurring operating income | 76A | - | €968 | +€968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,028 | €7,028 | = | 0.0% |
| Other operating charges | 640/8 | €745 | €721 | -€24 | -3.2% |
| Gross operating margin | 9900 | €36,021 | €31,429 | -€4,591 | -12.7% |
| Operating profit (loss) | 9901 | €28,248 | €23,680 | -€4,568 | -16.2% |
| Financial charges | 65/66B | €1,075 | €91 | -€984 | -91.6% |
| Recurring financial charges | 65 | €20 | €91 | +€71 | +354% |
| Non-recurring financial charges | 66B | €1,055 | - | -€1,055 | |
| Profit (loss) for the period before taxes | 9903 | €27,173 | €23,589 | -€3,584 | -13.2% |
| Income taxes | 67/77 | €5,351 | €6,429 | +€1,078 | +20.1% |
| Profit (loss) for the period | 9904 | €21,822 | €17,160 | -€4,662 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,822 | €17,160 | -€4,662 | -21.4% |
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 20 October 2026 via checked.be.