ARTECMO: 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.
ARTECMO
Largest movements
- Current investments +€450,000
new in 2025: €450,000
- Cash -€23,496
down €23,496 (-18.9%), from €124,451 to €100,955
mainly Current investments (-€450,000) and Receivables within one year (-€10,882)
- Tangible fixed assets -€20,668
down €20,668 (-72.3%), from €28,573 to €7,905
of which Land and buildings: -€16,560
- Receivables within one year +€10,882
up €10,882 (+376.4%), from €2,891 to €13,773
of which Trade receivables: +€8,169
- Reserves +€317,902
up €317,902 (+374.0%), from €85,010 to €402,912
of which Tax-exempt reserves: +€283,902
- Provisions +€94,634
new in 2025: €94,634
- Gross operating margin +€324,900
up €324,900 (+272.0%), from €119,435 to €444,334
- Taxes -€8,539
down €8,539 (-28.8%), from €29,658 to €21,119
- Financial charges -€6,554
down €6,554 (-77.7%), from €8,437 to €1,883
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 | €156,521 | €573,314 | +€416,793 | +266.3% |
| Fixed assets | 21/28 | €28,630 | €7,942 | -€20,687 | -72.3% |
| Tangible fixed assets | 22/27 | €28,573 | €7,905 | -€20,668 | -72.3% |
| Land and buildings | 22 | €23,153 | €6,593 | -€16,560 | -71.5% |
| Plant, machinery and equipment | 23 | €5,106 | €47 | -€5,059 | -99.1% |
| Furniture and vehicles | 24 | €314 | €1,265 | +€951 | +303.4% |
| Financial fixed assets | 28 | €57 | €37 | -€20 | -34.8% |
| Current assets | 29/58 | €127,891 | €565,371 | +€437,480 | +342.1% |
| Amounts receivable within one year | 40/41 | €2,891 | €13,773 | +€10,882 | +376.4% |
| Trade receivables | 40 | €1,380 | €9,549 | +€8,169 | +592.0% |
| Other amounts receivable | 41 | €1,511 | €4,223 | +€2,712 | +179.5% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €124,451 | €100,955 | -€23,496 | -18.9% |
| Deferred charges and accrued income | 490/1 | €549 | €644 | +€95 | +17.2% |
| Total equity and liabilities | 10/49 | €156,521 | €573,314 | +€416,793 | +266.3% |
| Equity | 10/15 | €144,385 | €463,153 | +€318,768 | +220.8% |
| Contributions | 10/11 | €22,655 | €22,655 | = | 0.0% |
| Reserves | 13 | €85,010 | €402,912 | +€317,902 | +374.0% |
| Non-distributable reserves | 130/1 | €1,010 | €1,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,010 | €1,010 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €283,902 | +€283,902 | |
| Distributable reserves | 133 | €84,000 | €118,000 | +€34,000 | +40.5% |
| Profit (loss) carried forward | 14 | €36,721 | €37,587 | +€866 | +2.4% |
| Provisions and deferred taxes | 16 | - | €94,634 | +€94,634 | |
| Deferred taxes | 168 | - | €94,634 | +€94,634 | |
| Amounts payable | 17/49 | €12,135 | €15,527 | +€3,391 | +27.9% |
| Amounts payable within one year | 42/48 | €3,241 | €4,054 | +€813 | +25.1% |
| Trade debts | 44 | €1,795 | - | -€1,795 | |
| Suppliers | 440/4 | €1,795 | - | -€1,795 | |
| Taxes, remuneration and social security | 45 | €1,446 | €4,054 | +€2,608 | +180.4% |
| Taxes | 450/3 | - | €4,054 | +€4,054 | |
| Remuneration and social security | 454/9 | €1,446 | - | -€1,446 | |
| Accrued charges and deferred income | 492/3 | €8,895 | €11,473 | +€2,578 | +29.0% |
| Non-recurring operating income | 76A | - | €378,536 | +€378,536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,434 | €455 | -€3,979 | -89.7% |
| Other operating charges | 640/8 | €2,187 | €2,174 | -€13 | -0.6% |
| Non-recurring operating charges | 66A | - | €314 | +€314 | |
| Gross operating margin | 9900 | €119,435 | €444,334 | +€324,900 | +272.0% |
| Operating profit (loss) | 9901 | €112,813 | €441,392 | +€328,578 | +291.3% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €8,437 | €1,883 | -€6,554 | -77.7% |
| Recurring financial charges | 65 | €8,437 | €1,883 | -€6,554 | -77.7% |
| Profit (loss) for the period before taxes | 9903 | €104,376 | €439,520 | +€335,144 | +321.1% |
| Transfer to deferred taxes | 680 | - | €94,634 | +€94,634 | |
| Income taxes | 67/77 | €29,658 | €21,119 | -€8,539 | -28.8% |
| Profit (loss) for the period | 9904 | €74,718 | €323,768 | +€249,050 | +333.3% |
| Transfer to tax-exempt reserves | 689 | - | €283,902 | +€283,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,718 | €39,866 | -€34,852 | -46.6% |
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 11 October 2026 via checked.be.