ARTECH: 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.
ARTECH
Largest movements
- Cash +€11,296
up €11,296 (+44.5%), from €25,382 to €36,678
mainly Receivables within one year (+€10,955) and Depreciation (+€6,522)
- Receivables within one year -€10,955
down €10,955 (-68.9%), from €15,910 to €4,956
of which Other amounts receivable: -€12,231
- Tangible fixed assets -€6,522
down €6,522 (-4.8%), from €136,529 to €130,007
- Profit (loss) carried forward -€5,001
down €5,001 (-18.3%), from €27,343 to €22,342
- Advances received -€2,713
no longer reported in 2025 (was €2,713)
- Gross operating margin -€2,793
down €2,793 (-32.2%), from €8,678 to €5,886
- Other operating charges -€367
down €367 (-19.6%), from €1,870 to €1,503
- Financial income +€93
up €93 (+427.3%), from €22 to €114
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 | €178,913 | €172,447 | -€6,467 | -3.6% |
| Fixed assets | 21/28 | €136,715 | €130,193 | -€6,522 | -4.8% |
| Tangible fixed assets | 22/27 | €136,529 | €130,007 | -€6,522 | -4.8% |
| Land and buildings | 22 | €136,529 | €130,007 | -€6,522 | -4.8% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €42,199 | €42,254 | +€56 | +0.1% |
| Amounts receivable within one year | 40/41 | €15,910 | €4,956 | -€10,955 | -68.9% |
| Trade receivables | 40 | €300 | €1,577 | +€1,277 | +425.5% |
| Other amounts receivable | 41 | €15,610 | €3,379 | -€12,231 | -78.4% |
| Cash at bank and in hand | 54/58 | €25,382 | €36,678 | +€11,296 | +44.5% |
| Deferred charges and accrued income | 490/1 | €906 | €620 | -€286 | -31.6% |
| Total equity and liabilities | 10/49 | €178,913 | €172,447 | -€6,467 | -3.6% |
| Equity | 10/15 | €94,315 | €89,314 | -€5,001 | -5.3% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €58,296 | €58,296 | = | 0.0% |
| Distributable reserves | 133 | €58,296 | €58,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,343 | €22,342 | -€5,001 | -18.3% |
| Amounts payable | 17/49 | €84,599 | €83,133 | -€1,466 | -1.7% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Financial debts | 170/4 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,599 | €3,133 | -€1,466 | -31.9% |
| Trade debts | 44 | €1,081 | €1,453 | +€372 | +34.4% |
| Suppliers | 440/4 | €1,081 | €1,453 | +€372 | +34.4% |
| Advances received on contracts in progress | 46 | €2,713 | - | -€2,713 | |
| Taxes, remuneration and social security | 45 | €805 | €1,680 | +€875 | +108.7% |
| Taxes | 450/3 | €805 | €1,680 | +€875 | +108.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,557 | €6,522 | -€35 | -0.5% |
| Other operating charges | 640/8 | €1,870 | €1,503 | -€367 | -19.6% |
| Gross operating margin | 9900 | €8,678 | €5,886 | -€2,793 | -32.2% |
| Operating profit (loss) | 9901 | €251 | -€2,140 | -€2,391 | |
| Financial income | 75/76B | €22 | €114 | +€93 | +427.3% |
| Recurring financial income | 75 | €22 | €114 | +€93 | +427.3% |
| Financial charges | 65/66B | €2,668 | €2,751 | +€84 | +3.1% |
| Recurring financial charges | 65 | €2,668 | €2,751 | +€84 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,395 | -€4,777 | -€2,382 | -99.4% |
| Income taxes | 67/77 | €170 | €224 | +€53 | +31.4% |
| Profit (loss) for the period | 9904 | -€2,566 | -€5,001 | -€2,435 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,566 | -€5,001 | -€2,435 | -94.9% |
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 11 October 2026 via checked.be.