ARTECH: 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.
ARTECH
Largest movements
- Current investments +€99,236
new in 2025: €99,236
- Cash -€80,049
down €80,049 (-69.9%), from €114,535 to €34,486
mainly Current investments (-€99,236) and Smaller working-capital items (-€452)
- Tangible fixed assets -€5,057
down €5,057 (-2.5%), from €204,169 to €199,112
of which Land and buildings: -€4,806
- Profit (loss) carried forward +€10,881
up €10,881 (+3.0%), from -€357,603 to -€346,722
- Gross operating margin +€5,557
up €5,557 (+24.0%), from €23,157 to €28,714
- Depreciation +€1,391
up €1,391 (+37.9%), from €3,667 to €5,057
- Financial income +€727
up €727 (+344.0%), from €211 to €938
- Financial charges -€623
down €623 (-10.7%), from €5,844 to €5,221
- Taxes +€296
up €296 (+103.6%), from €286 to €581
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 | €321,728 | €335,951 | +€14,222 | +4.4% |
| Fixed assets | 21/28 | €204,169 | €199,112 | -€5,057 | -2.5% |
| Tangible fixed assets | 22/27 | €204,169 | €199,112 | -€5,057 | -2.5% |
| Land and buildings | 22 | €203,435 | €198,628 | -€4,806 | -2.4% |
| Plant, machinery and equipment | 23 | €735 | €484 | -€251 | -34.2% |
| Current assets | 29/58 | €117,559 | €136,838 | +€19,280 | +16.4% |
| Current investments | 50/53 | - | €99,236 | +€99,236 | |
| Cash at bank and in hand | 54/58 | €114,535 | €34,486 | -€80,049 | -69.9% |
| Deferred charges and accrued income | 490/1 | €3,024 | €3,116 | +€93 | +3.1% |
| Total equity and liabilities | 10/49 | €321,728 | €335,951 | +€14,222 | +4.4% |
| Equity | 10/15 | €244,728 | €255,609 | +€10,881 | +4.4% |
| Contributions | 10/11 | €594,608 | €594,608 | = | 0.0% |
| Reserves | 13 | €7,723 | €7,723 | = | 0.0% |
| Distributable reserves | 133 | €7,723 | €7,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€357,603 | -€346,722 | +€10,881 | +3.0% |
| Amounts payable | 17/49 | €77,000 | €80,342 | +€3,342 | +4.3% |
| Amounts payable within one year | 42/48 | €76,176 | €77,813 | +€1,637 | +2.1% |
| Trade debts | 44 | €1,394 | €3,390 | +€1,996 | +143.2% |
| Suppliers | 440/4 | €1,394 | €3,390 | +€1,996 | +143.2% |
| Taxes, remuneration and social security | 45 | €1,774 | €1,573 | -€201 | -11.3% |
| Taxes | 450/3 | €1,774 | €1,573 | -€201 | -11.3% |
| Other amounts payable | 47/48 | €73,009 | €72,850 | -€159 | -0.2% |
| Accrued charges and deferred income | 492/3 | €824 | €2,529 | +€1,705 | +206.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,667 | €5,057 | +€1,391 | +37.9% |
| Other operating charges | 640/8 | €7,651 | €7,912 | +€261 | +3.4% |
| Gross operating margin | 9900 | €23,157 | €28,714 | +€5,557 | +24.0% |
| Operating profit (loss) | 9901 | €11,839 | €15,745 | +€3,906 | +33.0% |
| Financial income | 75/76B | €211 | €938 | +€727 | +344.0% |
| Recurring financial income | 75 | €211 | €938 | +€727 | +344.0% |
| Financial charges | 65/66B | €5,844 | €5,221 | -€623 | -10.7% |
| Recurring financial charges | 65 | €5,844 | €5,221 | -€623 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €6,207 | €11,462 | +€5,255 | +84.7% |
| Income taxes | 67/77 | €286 | €581 | +€296 | +103.6% |
| Profit (loss) for the period | 9904 | €5,921 | €10,881 | +€4,960 | +83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,921 | €10,881 | +€4,960 | +83.8% |
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 1 October 2026 via checked.be.