Artec: 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.
Artec
Largest movements
- Cash -€1.3m
down €1.3m (-63.9%), from €2.0m to €708,946
mainly Contributions, distributions and other (-€670,000) and Current investments (-€520,000)
- Current investments +€520,000
up €520,000, from €0 to €520,000
- Stocks and contracts -€203,016
down €203,016 (-8.5%), from €2.4m to €2.2m
- Tangible fixed assets -€129,537
down €129,537 (-4.0%), from €3.2m to €3.1m
of which Land and buildings: -€126,179
- Debts after one year -€304,487
down €304,487 (-21.3%), from €1.4m to €1.1m
- Tax, wage and social debts -€304,406
down €304,406 (-67.6%), from €450,508 to €146,102
of which Taxes: -€228,506
- Other debts -€298,152
down €298,152 (-22.0%), from €1.4m to €1.1m
- Trade debts -€123,068
down €123,068 (-37.7%), from €326,183 to €203,115
- Accrued charges and deferred income +€84,161
up €84,161 (+367.2%), from €22,922 to €107,083
- Gross operating margin -€113,308
down €113,308 (-5.1%), from €2.2m to €2.1m
- Staff costs +€63,052
up €63,052 (+6.4%), from €981,768 to €1.0m
- Taxes -€46,629
down €46,629 (-31.4%), from €148,638 to €102,009
- Financial income -€24,269
down €24,269 (-22.7%), from €106,764 to €82,495
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 | €7,907,748 | €6,858,505 | -€1.0m | -13.3% |
| Fixed assets | 21/28 | €3,232,128 | €3,102,591 | -€129,537 | -4.0% |
| Tangible fixed assets | 22/27 | €3,231,942 | €3,102,406 | -€129,537 | -4.0% |
| Land and buildings | 22 | €3,180,045 | €3,053,866 | -€126,179 | -4.0% |
| Plant, machinery and equipment | 23 | €26,056 | €32,390 | +€6,335 | +24.3% |
| Furniture and vehicles | 24 | €25,842 | €16,150 | -€9,692 | -37.5% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €4,675,620 | €3,755,914 | -€919,707 | -19.7% |
| Stocks and contracts in progress | 3 | €2,385,009 | €2,181,994 | -€203,016 | -8.5% |
| Stocks | 30/36 | €2,385,009 | €2,181,994 | -€203,016 | -8.5% |
| Amounts receivable within one year | 40/41 | €326,375 | €344,754 | +€18,378 | +5.6% |
| Trade receivables | 40 | €267,700 | €246,087 | -€21,613 | -8.1% |
| Other amounts receivable | 41 | €58,675 | €98,667 | +€39,992 | +68.2% |
| Current investments | 50/53 | €0 | €520,000 | +€520,000 | |
| Cash at bank and in hand | 54/58 | €1,964,089 | €708,946 | -€1.3m | -63.9% |
| Deferred charges and accrued income | 490/1 | €147 | €221 | +€74 | +50.2% |
| Total equity and liabilities | 10/49 | €7,907,748 | €6,858,505 | -€1.0m | -13.3% |
| Equity | 10/15 | €3,808,480 | €3,753,568 | -€54,912 | -1.4% |
| Contributions | 10/11 | €158,625 | €158,625 | = | 0.0% |
| Capital | 10 | €158,625 | €158,625 | = | 0.0% |
| Issued capital | 100 | €158,625 | €158,625 | = | 0.0% |
| Reserves | 13 | €3,649,855 | €3,594,943 | -€54,912 | -1.5% |
| Non-distributable reserves | 130/1 | €15,863 | €15,863 | = | 0.0% |
| Legal reserve | 130 | €15,863 | €15,863 | = | 0.0% |
| Tax-exempt reserves | 132 | €544,666 | €490,670 | -€53,996 | -9.9% |
| Distributable reserves | 133 | €3,089,326 | €3,088,410 | -€916 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €180,242 | €162,243 | -€17,999 | -10.0% |
| Deferred taxes | 168 | €180,242 | €162,243 | -€17,999 | -10.0% |
| Amounts payable | 17/49 | €3,919,027 | €2,942,694 | -€976,333 | -24.9% |
| Amounts payable after more than one year | 17 | €1,427,369 | €1,122,882 | -€304,487 | -21.3% |
| Financial debts | 170/4 | €1,427,369 | €1,122,882 | -€304,487 | -21.3% |
| Amounts payable within one year | 42/48 | €2,468,736 | €1,712,729 | -€756,007 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €334,868 | €304,487 | -€30,381 | -9.1% |
| Trade debts | 44 | €326,183 | €203,115 | -€123,068 | -37.7% |
| Suppliers | 440/4 | €326,183 | €203,115 | -€123,068 | -37.7% |
| Taxes, remuneration and social security | 45 | €450,508 | €146,102 | -€304,406 | -67.6% |
| Taxes | 450/3 | €283,466 | €54,961 | -€228,506 | -80.6% |
| Remuneration and social security | 454/9 | €167,041 | €91,141 | -€75,900 | -45.4% |
| Other amounts payable | 47/48 | €1,357,177 | €1,059,025 | -€298,152 | -22.0% |
| Accrued charges and deferred income | 492/3 | €22,922 | €107,083 | +€84,161 | +367.2% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €981,768 | €1,044,820 | +€63,052 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310,550 | €298,207 | -€12,343 | -4.0% |
| Other operating charges | 640/8 | €119,264 | €115,478 | -€3,786 | -3.2% |
| Gross operating margin | 9900 | €2,238,668 | €2,125,360 | -€113,308 | -5.1% |
| Operating profit (loss) | 9901 | €827,086 | €666,856 | -€160,231 | -19.4% |
| Financial income | 75/76B | €106,764 | €82,495 | -€24,269 | -22.7% |
| Recurring financial income | 75 | €106,764 | €82,495 | -€24,269 | -22.7% |
| Financial charges | 65/66B | €59,635 | €50,252 | -€9,383 | -15.7% |
| Recurring financial charges | 65 | €59,635 | €50,252 | -€9,383 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €874,215 | €699,098 | -€175,117 | -20.0% |
| Transfer from deferred taxes | 780 | €19,861 | €17,999 | -€1,863 | -9.4% |
| Income taxes | 67/77 | €148,638 | €102,009 | -€46,629 | -31.4% |
| Profit (loss) for the period | 9904 | €745,439 | €615,088 | -€130,351 | -17.5% |
| Transfer from tax-exempt reserves | 789 | €59,584 | €53,996 | -€5,588 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €805,023 | €669,084 | -€135,939 | -16.9% |
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 6 October 2026 via checked.be.