ARTEFACT: what changed
Two fiscal 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.
ARTEFACT
Largest movements
- Receivables within one year +€35,230
up €35,230 (+209.7%), from €16,798 to €52,028
of which Trade receivables: +€34,375
- Tangible fixed assets +€2,317
up €2,317 (+1.7%), from €134,519 to €136,836
of which Furniture and vehicles: +€2,916
- Reserves +€17,000
up €17,000 (+55.0%), from €30,905 to €47,905
of which Distributable reserves: +€17,000
- Trade debts +€9,822
up €9,822 (+745.0%), from €1,318 to €11,140
- Tax, wage and social debts +€8,069
up €8,069 (+1344.8%), from €600 to €8,669
- Profit (loss) carried forward +€2,657
up €2,657, from -€2,414 to €243
- Gross operating margin +€30,763
up €30,763, from -€2,013 to €28,751
- Taxes +€8,818
up €8,818, from -€150 to €8,669
- Other operating charges -€503
down €503 (-51.0%), from €987 to €484
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 | €155,439 | €192,986 | +€37,547 | +24.2% |
| Fixed assets | 21/28 | €134,519 | €136,836 | +€2,317 | +1.7% |
| Tangible fixed assets | 22/27 | €134,519 | €136,836 | +€2,317 | +1.7% |
| Land and buildings | 22 | €133,835 | €133,835 | = | 0.0% |
| Plant, machinery and equipment | 23 | €684 | €85 | -€599 | -87.5% |
| Furniture and vehicles | 24 | - | €2,916 | +€2,916 | |
| Current assets | 29/58 | €20,920 | €56,150 | +€35,230 | +168.4% |
| Amounts receivable within one year | 40/41 | €16,798 | €52,028 | +€35,230 | +209.7% |
| Trade receivables | 40 | - | €34,375 | +€34,375 | |
| Other amounts receivable | 41 | €16,798 | €17,652 | +€855 | +5.1% |
| Cash at bank and in hand | 54/58 | €4,122 | €4,122 | = | 0.0% |
| Total equity and liabilities | 10/49 | €155,439 | €192,986 | +€37,547 | +24.2% |
| Equity | 10/15 | €152,441 | €172,098 | +€19,657 | +12.9% |
| Contributions | 10/11 | €123,950 | €123,950 | = | 0.0% |
| Reserves | 13 | €30,905 | €47,905 | +€17,000 | +55.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €18,510 | €35,510 | +€17,000 | +91.8% |
| Profit (loss) carried forward | 14 | -€2,414 | €243 | +€2,657 | |
| Amounts payable | 17/49 | €2,997 | €20,888 | +€17,890 | +596.9% |
| Amounts payable within one year | 42/48 | €2,226 | €20,116 | +€17,890 | +803.8% |
| Trade debts | 44 | €1,318 | €11,140 | +€9,822 | +745.0% |
| Suppliers | 440/4 | €1,318 | €11,140 | +€9,822 | +745.0% |
| Taxes, remuneration and social security | 45 | €600 | €8,669 | +€8,069 | +1344.8% |
| Taxes | 450/3 | €600 | €8,669 | +€8,069 | +1344.8% |
| Other amounts payable | 47/48 | €307 | €307 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €772 | €772 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €599 | €683 | +€84 | +14.0% |
| Other operating charges | 640/8 | €987 | €484 | -€503 | -51.0% |
| Gross operating margin | 9900 | -€2,013 | €28,751 | +€30,763 | |
| Operating profit (loss) | 9901 | -€3,599 | €27,584 | +€31,183 | |
| Financial income | 75/76B | €783 | €742 | -€42 | -5.3% |
| Recurring financial income | 75 | €783 | €742 | -€42 | -5.3% |
| Financial charges | 65/66B | €38 | - | -€38 | |
| Recurring financial charges | 65 | €38 | - | -€38 | |
| Profit (loss) for the period before taxes | 9903 | -€2,854 | €28,325 | +€31,179 | |
| Income taxes | 67/77 | -€150 | €8,669 | +€8,818 | |
| Profit (loss) for the period | 9904 | -€2,704 | €19,657 | +€22,361 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,704 | €19,657 | +€22,361 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.