ARTEBIS: 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.
ARTEBIS
Largest movements
- Receivables within one year -€183,715
down €183,715 (-13.8%), from €1.3m to €1.1m
of which Trade receivables: -€178,020
- Profit (loss) carried forward -€157,529
down €157,529 (-60.5%), from €260,175 to €102,646
- Trade debts -€134,529
down €134,529 (-13.8%), from €972,470 to €837,942
- Tax, wage and social debts +€125,892
up €125,892 (+77.7%), from €161,944 to €287,836
of which Taxes: +€114,436
- Gross operating margin +€878,192
up €878,192 (+120%), from €733,078 to €1.6m
- Staff costs +€851,387
up €851,387 (+94.7%), from €898,945 to €1.8m
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 | €1,409,108 | €1,245,200 | -€163,909 | -11.6% |
| Fixed assets | 21/28 | €35,366 | €38,260 | +€2,894 | +8.2% |
| Tangible fixed assets | 22/27 | €2,116 | €2,510 | +€394 | +18.6% |
| Furniture and vehicles | 24 | €2,116 | €2,510 | +€394 | +18.6% |
| Financial fixed assets | 28 | €33,250 | €35,750 | +€2,500 | +7.5% |
| Current assets | 29/58 | €1,373,742 | €1,206,939 | -€166,803 | -12.1% |
| Amounts receivable within one year | 40/41 | €1,332,153 | €1,148,438 | -€183,715 | -13.8% |
| Trade receivables | 40 | €1,313,013 | €1,134,993 | -€178,020 | -13.6% |
| Other amounts receivable | 41 | €19,139 | €13,445 | -€5,694 | -29.8% |
| Cash at bank and in hand | 54/58 | €41,589 | €50,382 | +€8,793 | +21.1% |
| Deferred charges and accrued income | 490/1 | - | €8,119 | +€8,119 | |
| Total equity and liabilities | 10/49 | €1,409,108 | €1,245,200 | -€163,909 | -11.6% |
| Equity | 10/15 | €268,235 | €110,706 | -€157,529 | -58.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €260,175 | €102,646 | -€157,529 | -60.5% |
| Amounts payable | 17/49 | €1,140,874 | €1,134,494 | -€6,380 | -0.6% |
| Amounts payable within one year | 42/48 | €1,140,868 | €1,134,494 | -€6,374 | -0.6% |
| Trade debts | 44 | €972,470 | €837,942 | -€134,529 | -13.8% |
| Suppliers | 440/4 | €972,470 | €837,942 | -€134,529 | -13.8% |
| Taxes, remuneration and social security | 45 | €161,944 | €287,836 | +€125,892 | +77.7% |
| Taxes | 450/3 | €71,473 | €185,909 | +€114,436 | +160% |
| Remuneration and social security | 454/9 | €90,471 | €101,927 | +€11,456 | +12.7% |
| Other amounts payable | 47/48 | €6,454 | €8,716 | +€2,262 | +35.1% |
| Accrued charges and deferred income | 492/3 | €6 | - | -€6 | |
| Remuneration, social security and pensions | 62 | €898,945 | €1,750,332 | +€851,387 | +94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19 | €1,052 | +€1,033 | +5,349% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,782 | - | -€1,782 | |
| Other operating charges | 640/8 | €10,309 | €10,980 | +€672 | +6.5% |
| Gross operating margin | 9900 | €733,078 | €1,611,270 | +€878,192 | +120% |
| Operating profit (loss) | 9901 | -€177,977 | -€151,095 | +€26,882 | +15.1% |
| Financial income | 75/76B | €0 | €1,531 | +€1,531 | +332,759% |
| Recurring financial income | 75 | €0 | €1,531 | +€1,531 | +332,759% |
| Financial charges | 65/66B | €1,316 | €7,965 | +€6,649 | +505% |
| Recurring financial charges | 65 | €1,316 | €7,965 | +€6,649 | +505% |
| Profit (loss) for the period before taxes | 9903 | -€179,293 | -€157,529 | +€21,764 | +12.1% |
| Profit (loss) for the period | 9904 | -€179,293 | -€157,529 | +€21,764 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€179,293 | -€157,529 | +€21,764 | +12.1% |
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 14 October 2026 via checked.be.