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
- Receivables after one year +€154,284
new in 2025: €154,284
- Cash -€140,157
down €140,157 (-95.5%), from €146,726 to €6,569
mainly Receivables after one year (-€154,284) and Debts after one year (-€49,404)
- Tangible fixed assets -€7,343
down €7,343 (-25.6%), from €28,644 to €21,301
of which Leasing and similar rights: -€9,255
- Reserves +€78,885
up €78,885 (+32.1%), from €245,432 to €324,316
- Debts after one year -€49,404
down €49,404 (-41.7%), from €118,424 to €69,020
- Other debts -€13,101
down €13,101 (-85.9%), from €15,257 to €2,157
- Current portion of long-term debt -€9,491
down €9,491 (-13.3%), from €71,288 to €61,797
- Trade debts -€6,653
down €6,653 (-57.5%), from €11,566 to €4,913
- Gross operating margin +€9,540
up €9,540 (+8.3%), from €114,376 to €123,916
- Financial income +€4,284
new in 2025: €4,284
- Taxes +€4,240
up €4,240 (+15.4%), from €27,481 to €31,721
- Financial charges -€3,302
down €3,302 (-53.7%), from €6,143 to €2,842
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 | €468,032 | €473,186 | +€5,153 | +1.1% |
| Fixed assets | 21/28 | €288,644 | €281,301 | -€7,343 | -2.5% |
| Tangible fixed assets | 22/27 | €28,644 | €21,301 | -€7,343 | -25.6% |
| Furniture and vehicles | 24 | €10,160 | €12,072 | +€1,912 | +18.8% |
| Leasing and similar rights | 25 | €18,484 | €9,229 | -€9,255 | -50.1% |
| Financial fixed assets | 28 | €260,000 | €260,000 | = | 0.0% |
| Current assets | 29/58 | €179,388 | €191,885 | +€12,496 | +7.0% |
| Amounts receivable after more than one year | 29 | - | €154,284 | +€154,284 | |
| Other amounts receivable | 291 | - | €154,284 | +€154,284 | |
| Amounts receivable within one year | 40/41 | €30,352 | €30,940 | +€588 | +1.9% |
| Trade receivables | 40 | €19,833 | €20,421 | +€588 | +3.0% |
| Other amounts receivable | 41 | €10,519 | €10,519 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €146,726 | €6,569 | -€140,157 | -95.5% |
| Deferred charges and accrued income | 490/1 | €2,310 | €91 | -€2,219 | -96.1% |
| Total equity and liabilities | 10/49 | €468,032 | €473,186 | +€5,153 | +1.1% |
| Equity | 10/15 | €247,932 | €326,816 | +€78,885 | +31.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €245,432 | €324,316 | +€78,885 | +32.1% |
| Distributable reserves | 133 | €245,432 | €324,316 | +€78,885 | +32.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €220,101 | €146,370 | -€73,731 | -33.5% |
| Amounts payable after more than one year | 17 | €118,424 | €69,020 | -€49,404 | -41.7% |
| Financial debts | 170/4 | €118,424 | €69,020 | -€49,404 | -41.7% |
| Amounts payable within one year | 42/48 | €101,677 | €77,349 | -€24,328 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €71,288 | €61,797 | -€9,491 | -13.3% |
| Trade debts | 44 | €11,566 | €4,913 | -€6,653 | -57.5% |
| Suppliers | 440/4 | €11,566 | €4,913 | -€6,653 | -57.5% |
| Taxes, remuneration and social security | 45 | €3,566 | €8,483 | +€4,917 | +138% |
| Taxes | 450/3 | €3,566 | €8,483 | +€4,917 | +138% |
| Other amounts payable | 47/48 | €15,257 | €2,157 | -€13,101 | -85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,373 | €11,784 | +€411 | +3.6% |
| Other operating charges | 640/8 | €2,454 | €2,136 | -€318 | -13.0% |
| Gross operating margin | 9900 | €114,376 | €123,916 | +€9,540 | +8.3% |
| Operating profit (loss) | 9901 | €100,548 | €109,996 | +€9,448 | +9.4% |
| Financial income | 75/76B | - | €4,284 | +€4,284 | |
| Recurring financial income | 75 | - | €4,284 | +€4,284 | |
| Financial charges | 65/66B | €6,143 | €2,842 | -€3,302 | -53.7% |
| Recurring financial charges | 65 | €6,143 | €2,842 | -€3,302 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €94,405 | €111,439 | +€17,034 | +18.0% |
| Income taxes | 67/77 | €27,481 | €31,721 | +€4,240 | +15.4% |
| Profit (loss) for the period | 9904 | €66,924 | €79,718 | +€12,794 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,924 | €79,718 | +€12,794 | +19.1% |
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 23 October 2026 via checked.be.