ARTECK: 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.
ARTECK
Largest movements
- Cash +€11,775
up €11,775 (+23.6%), from €49,921 to €61,697
mainly Net result for the year (+€80,711) and Depreciation (+€20,377)
- Reserves +€64,324
up €64,324 (+41.0%), from €156,819 to €221,143
- Debts after one year -€43,724
down €43,724 (-13.6%), from €321,249 to €277,526
- Other debts -€15,403
down €15,403 (-16.3%), from €94,722 to €79,319
- Gross operating margin +€28,719
up €28,719 (+23.0%), from €124,973 to €153,693
- Financial income -€17,178
down €17,178 (-99.3%), from €17,304 to €126
- Taxes +€2,814
up €2,814 (+9.4%), from €29,809 to €32,623
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 | €646,230 | €653,635 | +€7,405 | +1.1% |
| Fixed assets | 21/28 | €578,033 | €573,719 | -€4,313 | -0.7% |
| Tangible fixed assets | 22/27 | €578,033 | €573,719 | -€4,313 | -0.7% |
| Land and buildings | 22 | €572,598 | €569,699 | -€2,900 | -0.5% |
| Plant, machinery and equipment | 23 | €4,370 | €3,623 | -€747 | -17.1% |
| Other tangible fixed assets | 26 | €1,064 | €397 | -€667 | -62.7% |
| Current assets | 29/58 | €68,197 | €79,915 | +€11,718 | +17.2% |
| Amounts receivable within one year | 40/41 | €15,786 | €17,744 | +€1,958 | +12.4% |
| Trade receivables | 40 | €14,426 | €15,329 | +€903 | +6.3% |
| Other amounts receivable | 41 | €1,360 | €2,415 | +€1,055 | +77.6% |
| Cash at bank and in hand | 54/58 | €49,921 | €61,697 | +€11,775 | +23.6% |
| Deferred charges and accrued income | 490/1 | €2,490 | €475 | -€2,015 | -80.9% |
| Total equity and liabilities | 10/49 | €646,230 | €653,635 | +€7,405 | +1.1% |
| Equity | 10/15 | €164,879 | €229,203 | +€64,324 | +39.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €156,819 | €221,143 | +€64,324 | +41.0% |
| Distributable reserves | 133 | €156,819 | €221,143 | +€64,324 | +41.0% |
| Amounts payable | 17/49 | €481,350 | €424,431 | -€56,919 | -11.8% |
| Amounts payable after more than one year | 17 | €321,249 | €277,526 | -€43,724 | -13.6% |
| Financial debts | 170/4 | €321,249 | €277,526 | -€43,724 | -13.6% |
| Amounts payable within one year | 42/48 | €160,101 | €146,905 | -€13,195 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €41,866 | €45,549 | +€3,683 | +8.8% |
| Trade debts | 44 | €3,865 | €5,759 | +€1,894 | +49.0% |
| Suppliers | 440/4 | €3,865 | €5,759 | +€1,894 | +49.0% |
| Taxes, remuneration and social security | 45 | €19,647 | €16,278 | -€3,369 | -17.1% |
| Taxes | 450/3 | €19,647 | €16,278 | -€3,369 | -17.1% |
| Other amounts payable | 47/48 | €94,722 | €79,319 | -€15,403 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,206 | €20,377 | +€170 | +0.8% |
| Other operating charges | 640/8 | €2,652 | €3,152 | +€500 | +18.9% |
| Gross operating margin | 9900 | €124,973 | €153,693 | +€28,719 | +23.0% |
| Operating profit (loss) | 9901 | €102,115 | €130,164 | +€28,049 | +27.5% |
| Financial income | 75/76B | €17,304 | €126 | -€17,178 | -99.3% |
| Recurring financial income | 75 | €17,304 | €126 | -€17,178 | -99.3% |
| Financial charges | 65/66B | €16,950 | €16,956 | +€6 | 0.0% |
| Recurring financial charges | 65 | €16,950 | €16,956 | +€6 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €102,468 | €113,334 | +€10,866 | +10.6% |
| Income taxes | 67/77 | €29,809 | €32,623 | +€2,814 | +9.4% |
| Profit (loss) for the period | 9904 | €72,659 | €80,711 | +€8,051 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,659 | €80,711 | +€8,051 | +11.1% |
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 12 October 2026 via checked.be.