ARTEFICE: 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.
ARTEFICE
Largest movements
- Receivables within one year +€13,364
up €13,364 (+10.7%), from €124,431 to €137,795
of which Trade receivables: +€10,890
- Cash +€11,807
up €11,807 (+6.2%), from €190,882 to €202,690
mainly Tax, wage and social debts (+€21,332) and Net result for the year (+€10,789)
- Tangible fixed assets +€6,929
up €6,929 (+150.0%), from €4,620 to €11,550
of which Furniture and vehicles: +€7,131
- Tax, wage and social debts +€21,332
up €21,332 (+15.4%), from €138,767 to €160,099
- Profit (loss) carried forward +€10,789
up €10,789 (+10.1%), from €106,619 to €117,408
- Gross operating margin +€7,141
up €7,141 (+75.6%), from €9,448 to €16,589
- Taxes +€1,830
up €1,830 (+64.6%), from €2,833 to €4,663
- Financial charges +€517
up €517 (+159.6%), from €324 to €841
- Financial income +€410
up €410 (+20.9%), from €1,961 to €2,370
- Depreciation -€380
down €380 (-17.4%), from €2,178 to €1,798
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 | €319,934 | €352,035 | +€32,101 | +10.0% |
| Fixed assets | 21/28 | €4,620 | €11,550 | +€6,929 | +150.0% |
| Tangible fixed assets | 22/27 | €4,620 | €11,550 | +€6,929 | +150.0% |
| Plant, machinery and equipment | 23 | €2,480 | €2,278 | -€201 | -8.1% |
| Furniture and vehicles | 24 | €2,141 | €9,272 | +€7,131 | +333.1% |
| Current assets | 29/58 | €315,313 | €340,485 | +€25,171 | +8.0% |
| Amounts receivable within one year | 40/41 | €124,431 | €137,795 | +€13,364 | +10.7% |
| Trade receivables | 40 | €6,379 | €17,269 | +€10,890 | +170.7% |
| Other amounts receivable | 41 | €118,052 | €120,526 | +€2,474 | +2.1% |
| Cash at bank and in hand | 54/58 | €190,882 | €202,690 | +€11,807 | +6.2% |
| Total equity and liabilities | 10/49 | €319,934 | €352,035 | +€32,101 | +10.0% |
| Equity | 10/15 | €181,119 | €191,908 | +€10,789 | +6.0% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Capital | 10 | €74,500 | €74,500 | = | 0.0% |
| Issued capital | 100 | €86,800 | €74,500 | -€12,300 | -14.2% |
| Uncalled capital | 101 | €12,300 | - | -€12,300 | |
| Profit (loss) carried forward | 14 | €106,619 | €117,408 | +€10,789 | +10.1% |
| Amounts payable | 17/49 | €138,814 | €160,127 | +€21,312 | +15.4% |
| Amounts payable within one year | 42/48 | €138,814 | €160,127 | +€21,312 | +15.4% |
| Trade debts | 44 | €47 | €27 | -€20 | -41.6% |
| Suppliers | 440/4 | €47 | €27 | -€20 | -41.6% |
| Taxes, remuneration and social security | 45 | €138,767 | €160,099 | +€21,332 | +15.4% |
| Taxes | 450/3 | €138,767 | €160,099 | +€21,332 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,178 | €1,798 | -€380 | -17.4% |
| Other operating charges | 640/8 | €926 | €868 | -€58 | -6.3% |
| Gross operating margin | 9900 | €9,448 | €16,589 | +€7,141 | +75.6% |
| Operating profit (loss) | 9901 | €6,344 | €13,923 | +€7,579 | +119.5% |
| Financial income | 75/76B | €1,961 | €2,370 | +€410 | +20.9% |
| Recurring financial income | 75 | €1,961 | €2,370 | +€410 | +20.9% |
| Financial charges | 65/66B | €324 | €841 | +€517 | +159.6% |
| Recurring financial charges | 65 | €324 | €841 | +€517 | +159.6% |
| Profit (loss) for the period before taxes | 9903 | €7,980 | €15,452 | +€7,471 | +93.6% |
| Income taxes | 67/77 | €2,833 | €4,663 | +€1,830 | +64.6% |
| Profit (loss) for the period | 9904 | €5,148 | €10,789 | +€5,641 | +109.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,148 | €10,789 | +€5,641 | +109.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.