ARTECH INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Receivables within one year +€128,843
up €128,843 (+36.5%), from €352,802 to €481,645
of which Other amounts receivable: +€155,725
- Tangible fixed assets +€32,422
up €32,422 (+43.6%), from €74,287 to €106,710
of which Furniture and vehicles: +€32,741
- Cash -€29,841
down €29,841 (-19.2%), from €155,519 to €125,679
mainly Receivables within one year (-€128,843) and Net result for the year (-€89,289)
- Profit (loss) carried forward -€89,289
down €89,289 (-20.8%), from €429,624 to €340,336
- Debts after one year +€88,967
up €88,967 (+224%), from €39,673 to €128,639
- Trade debts +€68,069
up €68,069 (+276%), from €24,661 to €92,730
- Current portion of long-term debt +€35,711
up €35,711 (+182%), from €19,590 to €55,300
- Tax, wage and social debts +€27,966
up €27,966 (+109%), from €25,763 to €53,729
of which Remuneration and social security: +€27,579
- Gross operating margin -€264,920
down €264,920 (-47.7%), from €555,614 to €290,694
- Staff costs +€193,792
up €193,792 (+113%), from €172,161 to €365,952
- Financial income +€18,013
up €18,013 (+312,183%), from €6 to €18,019
- Taxes -€7,005
down €7,005 (-94.8%), from €7,392 to €387
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 | €587,408 | €718,833 | +€131,424 | +22.4% |
| Fixed assets | 21/28 | €77,522 | €109,945 | +€32,422 | +41.8% |
| Tangible fixed assets | 22/27 | €74,287 | €106,710 | +€32,422 | +43.6% |
| Plant, machinery and equipment | 23 | €319 | - | -€319 | |
| Furniture and vehicles | 24 | €73,969 | €106,710 | +€32,741 | +44.3% |
| Financial fixed assets | 28 | €3,235 | €3,235 | = | 0.0% |
| Current assets | 29/58 | €509,886 | €608,888 | +€99,002 | +19.4% |
| Amounts receivable within one year | 40/41 | €352,802 | €481,645 | +€128,843 | +36.5% |
| Trade receivables | 40 | €160,017 | €133,135 | -€26,882 | -16.8% |
| Other amounts receivable | 41 | €192,785 | €348,510 | +€155,725 | +80.8% |
| Cash at bank and in hand | 54/58 | €155,519 | €125,679 | -€29,841 | -19.2% |
| Deferred charges and accrued income | 490/1 | €1,564 | €1,564 | = | 0.0% |
| Total equity and liabilities | 10/49 | €587,408 | €718,833 | +€131,424 | +22.4% |
| Equity | 10/15 | €477,722 | €388,434 | -€89,289 | -18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,898 | €41,898 | = | 0.0% |
| Distributable reserves | 133 | €41,898 | €41,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €429,624 | €340,336 | -€89,289 | -20.8% |
| Amounts payable | 17/49 | €109,686 | €330,399 | +€220,713 | +201% |
| Amounts payable after more than one year | 17 | €39,673 | €128,639 | +€88,967 | +224% |
| Financial debts | 170/4 | €39,673 | €128,639 | +€88,967 | +224% |
| Amounts payable within one year | 42/48 | €70,013 | €201,759 | +€131,746 | +188% |
| Current portion of amounts payable after more than one year | 42 | €19,590 | €55,300 | +€35,711 | +182% |
| Trade debts | 44 | €24,661 | €92,730 | +€68,069 | +276% |
| Suppliers | 440/4 | €24,661 | €92,730 | +€68,069 | +276% |
| Taxes, remuneration and social security | 45 | €25,763 | €53,729 | +€27,966 | +109% |
| Taxes | 450/3 | €7,392 | €7,779 | +€387 | +5.2% |
| Remuneration and social security | 454/9 | €18,371 | €45,950 | +€27,579 | +150% |
| Remuneration, social security and pensions | 62 | €172,161 | €365,952 | +€193,792 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,027 | €26,311 | -€1,715 | -6.1% |
| Other operating charges | 640/8 | €1,413 | €290 | -€1,123 | -79.5% |
| Gross operating margin | 9900 | €555,614 | €290,694 | -€264,920 | -47.7% |
| Operating profit (loss) | 9901 | €354,014 | -€101,859 | -€455,873 | |
| Financial income | 75/76B | €6 | €18,019 | +€18,013 | +312,183% |
| Recurring financial income | 75 | €6 | €18,019 | +€18,013 | +312,183% |
| Financial charges | 65/66B | €3,915 | €5,061 | +€1,146 | +29.3% |
| Recurring financial charges | 65 | €3,915 | €5,061 | +€1,146 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €350,105 | -€88,902 | -€439,007 | |
| Income taxes | 67/77 | €7,392 | €387 | -€7,005 | -94.8% |
| Profit (loss) for the period | 9904 | €342,713 | -€89,289 | -€432,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €342,713 | -€89,289 | -€432,002 |
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 20 October 2026 via checked.be.