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
- Tangible fixed assets +€35,070
up €35,070 (+84.9%), from €41,310 to €76,380
of which Furniture and vehicles: +€47,228
- Cash +€33,049
up €33,049 (+11.6%), from €285,073 to €318,122
mainly Net result for the year (+€79,974) and Receivables within one year (+€19,989)
- Receivables within one year -€19,989
down €19,989 (-27.9%), from €71,649 to €51,660
of which Trade receivables: -€34,121
- Reserves +€79,974
up €79,974 (+22.3%), from €357,948 to €437,922
of which Distributable reserves: +€79,974
- Other debts -€17,187
no longer reported in 2025 (was €17,187)
- Tax, wage and social debts -€13,685
down €13,685 (-86.4%), from €15,837 to €2,152
- Gross operating margin +€61,362
up €61,362 (+82.1%), from €74,737 to €136,099
- Taxes +€19,714
up €19,714 (+112.1%), from €17,584 to €37,298
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 | €403,208 | €454,715 | +€51,508 | +12.8% |
| Fixed assets | 21/28 | €41,735 | €76,805 | +€35,070 | +84.0% |
| Tangible fixed assets | 22/27 | €41,310 | €76,380 | +€35,070 | +84.9% |
| Plant, machinery and equipment | 23 | €41,310 | €29,152 | -€12,158 | -29.4% |
| Furniture and vehicles | 24 | - | €47,228 | +€47,228 | |
| Financial fixed assets | 28 | €425 | €425 | = | 0.0% |
| Current assets | 29/58 | €361,473 | €377,911 | +€16,438 | +4.5% |
| Amounts receivable within one year | 40/41 | €71,649 | €51,660 | -€19,989 | -27.9% |
| Trade receivables | 40 | €70,311 | €36,190 | -€34,121 | -48.5% |
| Other amounts receivable | 41 | €1,338 | €15,471 | +€14,132 | +1055.9% |
| Cash at bank and in hand | 54/58 | €285,073 | €318,122 | +€33,049 | +11.6% |
| Deferred charges and accrued income | 490/1 | €4,751 | €8,128 | +€3,377 | +71.1% |
| Total equity and liabilities | 10/49 | €403,208 | €454,715 | +€51,508 | +12.8% |
| Equity | 10/15 | €364,149 | €444,122 | +€79,974 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €357,948 | €437,922 | +€79,974 | +22.3% |
| Non-distributable reserves | 130/1 | €7,812 | €7,812 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,812 | €7,812 | = | 0.0% |
| Distributable reserves | 133 | €350,136 | €430,110 | +€79,974 | +22.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €39,059 | €10,593 | -€28,466 | -72.9% |
| Amounts payable within one year | 42/48 | €39,059 | €8,172 | -€30,887 | -79.1% |
| Trade debts | 44 | €6,035 | €6,020 | -€15 | -0.2% |
| Suppliers | 440/4 | €6,035 | €6,020 | -€15 | -0.2% |
| Taxes, remuneration and social security | 45 | €15,837 | €2,152 | -€13,685 | -86.4% |
| Taxes | 450/3 | €15,837 | €2,152 | -€13,685 | -86.4% |
| Other amounts payable | 47/48 | €17,187 | - | -€17,187 | |
| Accrued charges and deferred income | 492/3 | - | €2,421 | +€2,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,482 | €18,055 | -€427 | -2.3% |
| Other operating charges | 640/8 | €1,967 | €1,326 | -€641 | -32.6% |
| Gross operating margin | 9900 | €74,737 | €136,099 | +€61,362 | +82.1% |
| Operating profit (loss) | 9901 | €54,288 | €116,718 | +€62,430 | +115.0% |
| Financial income | 75/76B | €645 | €629 | -€16 | -2.4% |
| Recurring financial income | 75 | €645 | €629 | -€16 | -2.4% |
| Financial charges | 65/66B | €65 | €75 | +€10 | +15.1% |
| Recurring financial charges | 65 | €65 | €75 | +€10 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €54,867 | €117,272 | +€62,404 | +113.7% |
| Income taxes | 67/77 | €17,584 | €37,298 | +€19,714 | +112.1% |
| Profit (loss) for the period | 9904 | €37,283 | €79,974 | +€42,691 | +114.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,283 | €79,974 | +€42,691 | +114.5% |
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.