ARTEBA: 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.
ARTEBA
Largest movements
- Receivables within one year -€208,401
down €208,401 (-51.8%), from €401,955 to €193,555
of which Trade receivables: -€171,800
- Stocks and contracts -€156,976
down €156,976 (-5.9%), from €2.7m to €2.5m
- Cash -€103,265
down €103,265 (-78.3%), from €131,895 to €28,630
mainly Other debts (-€299,294) and Current portion of long-term debt (-€226,211)
- Financial fixed assets -€51,400
no longer reported in 2025 (was €51,400)
- Other debts -€299,294
down €299,294 (-59.8%), from €500,358 to €201,065
- Current portion of long-term debt -€226,211
down €226,211 (-14.2%), from €1.6m to €1.4m
- Gross operating margin -€407,545
down €407,545 (-63.4%), from €642,802 to €235,256
- Taxes -€98,399
down €98,399 (-71.3%), from €138,045 to €39,645
- Financial charges -€20,226
down €20,226 (-22.6%), from €89,500 to €69,274
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 | €3,254,864 | €2,734,822 | -€520,042 | -16.0% |
| Fixed assets | 21/28 | €51,400 | - | -€51,400 | |
| Financial fixed assets | 28 | €51,400 | - | -€51,400 | |
| Current assets | 29/58 | €3,203,464 | €2,734,822 | -€468,642 | -14.6% |
| Stocks and contracts in progress | 3 | €2,669,614 | €2,512,638 | -€156,976 | -5.9% |
| Stocks | 30/36 | €2,669,614 | €2,512,638 | -€156,976 | -5.9% |
| Amounts receivable within one year | 40/41 | €401,955 | €193,555 | -€208,401 | -51.8% |
| Trade receivables | 40 | €335,000 | €163,200 | -€171,800 | -51.3% |
| Other amounts receivable | 41 | €66,955 | €30,355 | -€36,601 | -54.7% |
| Cash at bank and in hand | 54/58 | €131,895 | €28,630 | -€103,265 | -78.3% |
| Total equity and liabilities | 10/49 | €3,254,864 | €2,734,822 | -€520,042 | -16.0% |
| Equity | 10/15 | €1,127,460 | €1,146,260 | +€18,799 | +1.7% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €527,460 | €546,260 | +€18,799 | +3.6% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €467,460 | €486,260 | +€18,799 | +4.0% |
| Amounts payable | 17/49 | €2,127,404 | €1,588,562 | -€538,842 | -25.3% |
| Amounts payable within one year | 42/48 | €2,127,404 | €1,588,562 | -€538,842 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €1,590,461 | €1,364,250 | -€226,211 | -14.2% |
| Trade debts | 44 | €36,584 | €23,247 | -€13,337 | -36.5% |
| Suppliers | 440/4 | €36,584 | €23,247 | -€13,337 | -36.5% |
| Other amounts payable | 47/48 | €500,358 | €201,065 | -€299,294 | -59.8% |
| Other operating charges | 640/8 | €1,556 | €7,537 | +€5,981 | +384.3% |
| Gross operating margin | 9900 | €642,802 | €235,256 | -€407,545 | -63.4% |
| Operating profit (loss) | 9901 | €641,245 | €227,719 | -€413,526 | -64.5% |
| Financial income | 75/76B | €250 | - | -€250 | |
| Recurring financial income | 75 | €250 | - | -€250 | |
| Financial charges | 65/66B | €89,500 | €69,274 | -€20,226 | -22.6% |
| Recurring financial charges | 65 | €89,500 | €69,274 | -€20,226 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €551,995 | €158,445 | -€393,550 | -71.3% |
| Income taxes | 67/77 | €138,045 | €39,645 | -€98,399 | -71.3% |
| Profit (loss) for the period | 9904 | €413,950 | €118,799 | -€295,151 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €413,950 | €118,799 | -€295,151 | -71.3% |
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 3 October 2026 via checked.be.