ARTEC: 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.
ARTEC
Largest movements
- Cash +€29,302
up €29,302 (+9.6%), from €303,651 to €332,953
mainly Investment in fixed assets (net) (+€24,141) and Net result for the year (+€7,367)
- Tangible fixed assets -€25,174
down €25,174 (-91.3%), from €27,559 to €2,386
of which Land and buildings: -€24,141
- Receivables within one year +€6,832
up €6,832 (+38.2%), from €17,874 to €24,706
of which Trade receivables: +€11,163
- Reserves +€7,000
up €7,000 (+2.6%), from €271,859 to €278,859
of which Distributable reserves: +€7,000
- Gross operating margin -€47,275
down €47,275 (-80.5%), from €58,698 to €11,423
- Taxes -€14,788
down €14,788 (-81.9%), from €18,059 to €3,271
- Depreciation -€1,418
down €1,418 (-57.8%), from €2,451 to €1,033
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 | €352,416 | €361,264 | +€8,848 | +2.5% |
| Fixed assets | 21/28 | €27,559 | €2,386 | -€25,174 | -91.3% |
| Tangible fixed assets | 22/27 | €27,559 | €2,386 | -€25,174 | -91.3% |
| Land and buildings | 22 | €24,141 | - | -€24,141 | |
| Plant, machinery and equipment | 23 | €3,419 | €2,386 | -€1,033 | -30.2% |
| Current assets | 29/58 | €324,857 | €358,879 | +€34,022 | +10.5% |
| Amounts receivable within one year | 40/41 | €17,874 | €24,706 | +€6,832 | +38.2% |
| Trade receivables | 40 | €2,741 | €13,905 | +€11,163 | +407% |
| Other amounts receivable | 41 | €15,133 | €10,802 | -€4,331 | -28.6% |
| Cash at bank and in hand | 54/58 | €303,651 | €332,953 | +€29,302 | +9.6% |
| Deferred charges and accrued income | 490/1 | €3,332 | €1,220 | -€2,112 | -63.4% |
| Total equity and liabilities | 10/49 | €352,416 | €361,264 | +€8,848 | +2.5% |
| Equity | 10/15 | €345,166 | €352,533 | +€7,367 | +2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €271,859 | €278,859 | +€7,000 | +2.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €270,000 | €277,000 | +€7,000 | +2.6% |
| Profit (loss) carried forward | 14 | €54,715 | €55,082 | +€367 | +0.7% |
| Amounts payable | 17/49 | €7,250 | €8,731 | +€1,481 | +20.4% |
| Amounts payable within one year | 42/48 | €7,205 | €8,731 | +€1,526 | +21.2% |
| Trade debts | 44 | €789 | €25 | -€764 | -96.8% |
| Suppliers | 440/4 | €789 | €25 | -€764 | -96.8% |
| Taxes, remuneration and social security | 45 | €13 | €55 | +€42 | +333% |
| Taxes | 450/3 | €13 | €55 | +€42 | +333% |
| Other amounts payable | 47/48 | €6,403 | €8,651 | +€2,248 | +35.1% |
| Accrued charges and deferred income | 492/3 | €46 | - | -€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,451 | €1,033 | -€1,418 | -57.8% |
| Other operating charges | 640/8 | €240 | €212 | -€28 | -11.8% |
| Gross operating margin | 9900 | €58,698 | €11,423 | -€47,275 | -80.5% |
| Operating profit (loss) | 9901 | €56,007 | €10,178 | -€45,829 | -81.8% |
| Financial income | 75/76B | €395 | €735 | +€340 | +86.0% |
| Recurring financial income | 75 | €395 | €735 | +€340 | +86.0% |
| Financial charges | 65/66B | €216 | €275 | +€59 | +27.3% |
| Recurring financial charges | 65 | €216 | €275 | +€59 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €56,186 | €10,638 | -€45,548 | -81.1% |
| Income taxes | 67/77 | €18,059 | €3,271 | -€14,788 | -81.9% |
| Profit (loss) for the period | 9904 | €38,127 | €7,367 | -€30,760 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,127 | €7,367 | -€30,760 | -80.7% |
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 18 October 2026 via checked.be.