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
- Receivables within one year -€49,889
down €49,889 (-67.0%), from €74,462 to €24,574
of which Trade receivables: -€58,017
- Tangible fixed assets -€10,522
down €10,522 (-6.3%), from €166,651 to €156,129
of which Land and buildings: -€11,172
- Cash -€8,328
down €8,328 (-69.4%), from €11,996 to €3,668
mainly Short-term financial debts (-€27,942) and Trade debts (-€21,147)
- Short-term financial debts -€27,942
no longer reported in 2025 (was €27,942)
- Trade debts -€21,147
down €21,147 (-90.6%), from €23,349 to €2,202
- Tax, wage and social debts -€18,580
down €18,580 (-77.7%), from €23,917 to €5,337
- Reserves -€9,796
down €9,796 (-6.9%), from €142,837 to €133,041
of which Distributable reserves: -€9,796
- Provisions +€4,293
up €4,293 (+6.6%), from €64,613 to €68,906
- Gross operating margin -€28,801
down €28,801 (-63.6%), from €45,268 to €16,467
- Taxes -€7,552
down €7,552 (-95.3%), from €7,923 to €371
- Financial charges +€2,189
up €2,189 (+25.3%), from €8,658 to €10,847
- Other operating charges -€1,798
down €1,798 (-27.0%), from €6,658 to €4,860
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 | €312,628 | €243,520 | -€69,108 | -22.1% |
| Fixed assets | 21/28 | €166,651 | €156,129 | -€10,522 | -6.3% |
| Tangible fixed assets | 22/27 | €166,651 | €156,129 | -€10,522 | -6.3% |
| Land and buildings | 22 | €166,193 | €155,021 | -€11,172 | -6.7% |
| Plant, machinery and equipment | 23 | €458 | - | -€458 | |
| Furniture and vehicles | 24 | - | €1,108 | +€1,108 | |
| Current assets | 29/58 | €145,977 | €87,392 | -€58,586 | -40.1% |
| Amounts receivable after more than one year | 29 | €58,500 | €58,500 | = | 0.0% |
| Other amounts receivable | 291 | €58,500 | €58,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,462 | €24,574 | -€49,889 | -67.0% |
| Trade receivables | 40 | €72,158 | €14,140 | -€58,017 | -80.4% |
| Other amounts receivable | 41 | €2,304 | €10,433 | +€8,129 | +352.8% |
| Cash at bank and in hand | 54/58 | €11,996 | €3,668 | -€8,328 | -69.4% |
| Deferred charges and accrued income | 490/1 | €1,019 | €650 | -€369 | -36.2% |
| Total equity and liabilities | 10/49 | €312,628 | €243,520 | -€69,108 | -22.1% |
| Equity | 10/15 | €162,837 | €153,041 | -€9,796 | -6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €142,837 | €133,041 | -€9,796 | -6.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €140,837 | €131,041 | -€9,796 | -7.0% |
| Provisions and deferred taxes | 16 | €64,613 | €68,906 | +€4,293 | +6.6% |
| Provisions for liabilities and charges | 160/5 | €64,613 | €68,906 | +€4,293 | +6.6% |
| Environmental obligations | 163 | €64,613 | €68,906 | +€4,293 | +6.6% |
| Amounts payable | 17/49 | €85,178 | €21,573 | -€63,604 | -74.7% |
| Amounts payable within one year | 42/48 | €85,178 | €21,573 | -€63,604 | -74.7% |
| Current portion of amounts payable after more than one year | 42 | €5,015 | €5,333 | +€319 | +6.4% |
| Financial debts | 43 | €27,942 | - | -€27,942 | |
| Credit institutions | 430/8 | €27,942 | - | -€27,942 | |
| Trade debts | 44 | €23,349 | €2,202 | -€21,147 | -90.6% |
| Suppliers | 440/4 | €23,349 | €2,202 | -€21,147 | -90.6% |
| Taxes, remuneration and social security | 45 | €23,917 | €5,337 | -€18,580 | -77.7% |
| Taxes | 450/3 | €23,917 | €5,337 | -€18,580 | -77.7% |
| Other amounts payable | 47/48 | €4,955 | €8,701 | +€3,746 | +75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,947 | €11,851 | -€96 | -0.8% |
| Other operating charges | 640/8 | €6,658 | €4,860 | -€1,798 | -27.0% |
| Gross operating margin | 9900 | €45,268 | €16,467 | -€28,801 | -63.6% |
| Operating profit (loss) | 9901 | €26,664 | -€244 | -€26,908 | |
| Financial income | 75/76B | €1,657 | €1,666 | +€9 | +0.5% |
| Recurring financial income | 75 | €1,657 | €1,666 | +€9 | +0.5% |
| Financial charges | 65/66B | €8,658 | €10,847 | +€2,189 | +25.3% |
| Recurring financial charges | 65 | €8,658 | €10,847 | +€2,189 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €19,663 | -€9,425 | -€29,088 | |
| Income taxes | 67/77 | €7,923 | €371 | -€7,552 | -95.3% |
| Profit (loss) for the period | 9904 | €11,740 | -€9,796 | -€21,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,740 | -€9,796 | -€21,536 |
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 4 October 2026 via checked.be.