ARTEÏA: 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.
ARTEÏA
Largest movements
- Cash -€167,064
down €167,064 (-79.7%), from €209,688 to €42,624
mainly Net result for the year (-€545,936) and Investment in fixed assets (net) (-€326,229)
- Intangible fixed assets -€32,907
down €32,907 (-3.7%), from €881,852 to €848,945
- Receivables within one year -€20,908
down €20,908 (-84.1%), from €24,856 to €3,949
of which Trade receivables: -€20,146
- Profit (loss) carried forward -€545,936
down €545,936 (-8.2%), from -€6.7m to -€7.2m
- Other debts +€314,102
up €314,102 (+16.2%), from €1.9m to €2.3m
- Gross operating margin +€53,036
up €53,036 (+22.6%), from -€234,895 to -€181,860
- Depreciation +€26,673
up €26,673 (+8.0%), from €333,677 to €360,350
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 | €1,346,187 | €1,127,640 | -€218,547 | -16.2% |
| Fixed assets | 21/28 | €1,111,643 | €1,077,522 | -€34,121 | -3.1% |
| Intangible fixed assets | 21 | €881,852 | €848,945 | -€32,907 | -3.7% |
| Tangible fixed assets | 22/27 | €7,530 | €6,317 | -€1,213 | -16.1% |
| Furniture and vehicles | 24 | €721 | €1,279 | +€558 | +77.3% |
| Other tangible fixed assets | 26 | €6,809 | €5,037 | -€1,771 | -26.0% |
| Financial fixed assets | 28 | €222,260 | €222,260 | = | 0.0% |
| Current assets | 29/58 | €234,545 | €50,118 | -€184,427 | -78.6% |
| Amounts receivable within one year | 40/41 | €24,856 | €3,949 | -€20,908 | -84.1% |
| Trade receivables | 40 | €22,862 | €2,716 | -€20,146 | -88.1% |
| Other amounts receivable | 41 | €1,995 | €1,233 | -€762 | -38.2% |
| Cash at bank and in hand | 54/58 | €209,688 | €42,624 | -€167,064 | -79.7% |
| Deferred charges and accrued income | 490/1 | - | €3,545 | +€3,545 | |
| Total equity and liabilities | 10/49 | €1,346,187 | €1,127,640 | -€218,547 | -16.2% |
| Equity | 10/15 | -€773,476 | -€1,319,412 | -€545,936 | -70.6% |
| Contributions | 10/11 | €5,911,301 | €5,911,301 | = | 0.0% |
| Capital | 10 | €5,911,301 | €5,911,301 | = | 0.0% |
| Issued capital | 100 | €5,911,301 | €5,911,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,684,777 | -€7,230,713 | -€545,936 | -8.2% |
| Amounts payable | 17/49 | €2,119,664 | €2,447,052 | +€327,388 | +15.4% |
| Amounts payable within one year | 42/48 | €2,119,349 | €2,439,517 | +€320,168 | +15.1% |
| Trade debts | 44 | €180,478 | €185,720 | +€5,242 | +2.9% |
| Suppliers | 440/4 | €180,478 | €185,720 | +€5,242 | +2.9% |
| Advances received on contracts in progress | 46 | - | €632 | +€632 | |
| Taxes, remuneration and social security | 45 | €1,623 | €1,815 | +€192 | +11.9% |
| Taxes | 450/3 | €1,623 | €1,815 | +€192 | +11.9% |
| Other amounts payable | 47/48 | €1,937,249 | €2,251,350 | +€314,102 | +16.2% |
| Accrued charges and deferred income | 492/3 | €314 | €7,535 | +€7,220 | +2,297% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333,677 | €360,350 | +€26,673 | +8.0% |
| Other operating charges | 640/8 | €370 | €1,338 | +€968 | +261% |
| Gross operating margin | 9900 | -€234,895 | -€181,860 | +€53,036 | +22.6% |
| Operating profit (loss) | 9901 | -€568,942 | -€543,547 | +€25,395 | +4.5% |
| Financial income | 75/76B | €158 | €121 | -€37 | -23.3% |
| Recurring financial income | 75 | €158 | €121 | -€37 | -23.3% |
| Financial charges | 65/66B | €2,041 | €1,971 | -€70 | -3.4% |
| Recurring financial charges | 65 | €2,041 | €1,971 | -€70 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€570,826 | -€545,397 | +€25,429 | +4.5% |
| Income taxes | 67/77 | - | €539 | +€539 | |
| Profit (loss) for the period | 9904 | -€570,826 | -€545,936 | +€24,890 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€570,826 | -€545,936 | +€24,890 | +4.4% |
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 23 October 2026 via checked.be.