ARTECH SYSTEMS: 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 SYSTEMS
Largest movements
- Tangible fixed assets -€11,915
down €11,915 (-9.1%), from €130,283 to €118,368
of which Land and buildings: -€8,072
- Cash +€7,330
up €7,330 (+12.6%), from €58,246 to €65,576
mainly Depreciation (+€11,915) and Trade debts (+€2,533)
- Reserves -€6,907
down €6,907 (-16.6%), from €41,572 to €34,665
of which Distributable reserves: -€6,907
- Trade debts +€2,533
up €2,533 (+322%), from €786 to €3,320
- Gross operating margin -€2,616
down €2,616 (-20.7%), from €12,632 to €10,016
- Other operating charges -€1,352
down €1,352 (-21.1%), from €6,411 to €5,059
- Financial income +€160
up €160 (+92.1%), from €173 to €333
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 | €235,164 | €230,791 | -€4,373 | -1.9% |
| Fixed assets | 21/28 | €130,457 | €118,542 | -€11,915 | -9.1% |
| Tangible fixed assets | 22/27 | €130,283 | €118,368 | -€11,915 | -9.1% |
| Land and buildings | 22 | €102,942 | €94,870 | -€8,072 | -7.8% |
| Furniture and vehicles | 24 | €1,057 | €893 | -€164 | -15.5% |
| Other tangible fixed assets | 26 | €26,284 | €22,605 | -€3,679 | -14.0% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €104,707 | €112,249 | +€7,542 | +7.2% |
| Amounts receivable within one year | 40/41 | - | €116 | +€116 | |
| Other amounts receivable | 41 | - | €116 | +€116 | |
| Current investments | 50/53 | €46,396 | €46,396 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,246 | €65,576 | +€7,330 | +12.6% |
| Deferred charges and accrued income | 490/1 | €65 | €161 | +€96 | +148% |
| Total equity and liabilities | 10/49 | €235,164 | €230,791 | -€4,373 | -1.9% |
| Equity | 10/15 | €131,564 | €124,657 | -€6,907 | -5.2% |
| Contributions | 10/11 | €89,992 | €89,992 | = | 0.0% |
| Contributions outside capital | 11 | €89,992 | - | -€89,992 | |
| Other | 1109/19 | €89,992 | - | -€89,992 | |
| Reserves | 13 | €41,572 | €34,665 | -€6,907 | -16.6% |
| Non-distributable reserves | 130/1 | €4,944 | €4,944 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,944 | €4,944 | = | 0.0% |
| Distributable reserves | 133 | €36,628 | €29,722 | -€6,907 | -18.9% |
| Amounts payable | 17/49 | €103,600 | €106,133 | +€2,533 | +2.4% |
| Amounts payable within one year | 42/48 | €103,600 | €106,133 | +€2,533 | +2.4% |
| Trade debts | 44 | €786 | €3,320 | +€2,533 | +322% |
| Suppliers | 440/4 | €786 | €3,320 | +€2,533 | +322% |
| Taxes, remuneration and social security | 45 | €1,662 | €1,662 | = | 0.0% |
| Taxes | 450/3 | €1,662 | €1,662 | = | 0.0% |
| Other amounts payable | 47/48 | €101,151 | €101,151 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,026 | €11,915 | -€111 | -0.9% |
| Other operating charges | 640/8 | €6,411 | €5,059 | -€1,352 | -21.1% |
| Gross operating margin | 9900 | €12,632 | €10,016 | -€2,616 | -20.7% |
| Operating profit (loss) | 9901 | -€5,805 | -€6,958 | -€1,153 | -19.9% |
| Financial income | 75/76B | €173 | €333 | +€160 | +92.1% |
| Recurring financial income | 75 | €173 | €333 | +€160 | +92.1% |
| Financial charges | 65/66B | €376 | €281 | -€95 | -25.2% |
| Recurring financial charges | 65 | €376 | €281 | -€95 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,008 | -€6,907 | -€899 | -15.0% |
| Profit (loss) for the period | 9904 | -€6,008 | -€6,907 | -€899 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,008 | -€6,907 | -€899 | -15.0% |
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 15 October 2026 via checked.be.