ARTEFAC 136: 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.
ARTEFAC 136
Largest movements
- Tangible fixed assets -€981
down €981 (-53.9%), from €1,818 to €837
- Receivables within one year +€113
up €113 (+6.2%), from €1,828 to €1,942
of which Other amounts receivable: +€295
- Cash +€61
up €61 (+7.2%), from €855 to €916
mainly Other debts (+€3,000) and Depreciation (+€981)
- Profit (loss) carried forward -€4,080
down €4,080 (-49.9%), from -€8,176 to -€12,257
- Other debts +€3,000
up €3,000 (+32.3%), from €9,290 to €12,290
- Trade debts +€191
up €191 (+49.4%), from €387 to €579
- Accrued charges and deferred income +€83
new in 2025: €83
- Other operating charges +€480
up €480 (+124%), from €387 to €868
- Depreciation -€260
down €260 (-21.0%), from €1,241 to €981
- Financial charges +€57
up €57 (+31.7%), from €180 to €237
- Gross operating margin +€41
up €41 (+2.0%), from -€2,036 to -€1,995
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 | €4,501 | €3,695 | -€806 | -17.9% |
| Fixed assets | 21/28 | €1,818 | €837 | -€981 | -53.9% |
| Tangible fixed assets | 22/27 | €1,818 | €837 | -€981 | -53.9% |
| Furniture and vehicles | 24 | €1,818 | €837 | -€981 | -53.9% |
| Current assets | 29/58 | €2,683 | €2,858 | +€175 | +6.5% |
| Amounts receivable within one year | 40/41 | €1,828 | €1,942 | +€113 | +6.2% |
| Trade receivables | 40 | €182 | - | -€182 | |
| Other amounts receivable | 41 | €1,647 | €1,942 | +€295 | +17.9% |
| Cash at bank and in hand | 54/58 | €855 | €916 | +€61 | +7.2% |
| Total equity and liabilities | 10/49 | €4,501 | €3,695 | -€806 | -17.9% |
| Equity | 10/15 | -€5,176 | -€9,257 | -€4,080 | -78.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,176 | -€12,257 | -€4,080 | -49.9% |
| Amounts payable | 17/49 | €9,677 | €12,952 | +€3,275 | +33.8% |
| Amounts payable within one year | 42/48 | €9,677 | €12,869 | +€3,191 | +33.0% |
| Trade debts | 44 | €387 | €579 | +€191 | +49.4% |
| Suppliers | 440/4 | €387 | €579 | +€191 | +49.4% |
| Other amounts payable | 47/48 | €9,290 | €12,290 | +€3,000 | +32.3% |
| Accrued charges and deferred income | 492/3 | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,241 | €981 | -€260 | -21.0% |
| Other operating charges | 640/8 | €387 | €868 | +€480 | +124% |
| Gross operating margin | 9900 | -€2,036 | -€1,995 | +€41 | +2.0% |
| Operating profit (loss) | 9901 | -€3,664 | -€3,843 | -€179 | -4.9% |
| Financial charges | 65/66B | €180 | €237 | +€57 | +31.7% |
| Recurring financial charges | 65 | €180 | €237 | +€57 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,844 | -€4,080 | -€236 | -6.1% |
| Profit (loss) for the period | 9904 | -€3,844 | -€4,080 | -€236 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,844 | -€4,080 | -€236 | -6.1% |
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 31 October 2026 via checked.be.