ARTEJO: 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.
ARTEJO
Largest movements
- Tangible fixed assets +€35,863
up €35,863 (+1787.4%), from €2,006 to €37,869
- Cash +€10,478
up €10,478 (+56.9%), from €18,421 to €28,899
mainly Trade debts (+€39,734) and Net result for the year (+€3,909)
- Receivables within one year -€3,690
down €3,690 (-50.3%), from €7,333 to €3,643
of which Trade receivables: -€5,449
- Trade debts +€39,734
up €39,734 (+2447.0%), from €1,624 to €41,358
- Profit (loss) carried forward +€3,909
up €3,909 (+18.7%), from €20,927 to €24,836
- Gross operating margin +€560
up €560 (+6.5%), from €8,619 to €9,179
- Depreciation +€387
up €387 (+17.9%), from €2,167 to €2,554
- Financial charges +€333
up €333 (+291.7%), from €114 to €447
- Other operating charges -€141
down €141 (-17.2%), from €823 to €681
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 | €27,761 | €70,973 | +€43,212 | +155.7% |
| Fixed assets | 21/28 | €2,006 | €37,869 | +€35,863 | +1787.4% |
| Tangible fixed assets | 22/27 | €2,006 | €37,869 | +€35,863 | +1787.4% |
| Furniture and vehicles | 24 | €2,006 | €37,869 | +€35,863 | +1787.4% |
| Current assets | 29/58 | €25,754 | €33,104 | +€7,350 | +28.5% |
| Amounts receivable within one year | 40/41 | €7,333 | €3,643 | -€3,690 | -50.3% |
| Trade receivables | 40 | €5,449 | €0 | -€5,449 | -100.0% |
| Other amounts receivable | 41 | €1,884 | €3,643 | +€1,759 | +93.3% |
| Cash at bank and in hand | 54/58 | €18,421 | €28,899 | +€10,478 | +56.9% |
| Deferred charges and accrued income | 490/1 | - | €562 | +€562 | |
| Total equity and liabilities | 10/49 | €27,761 | €70,973 | +€43,212 | +155.7% |
| Equity | 10/15 | €23,427 | €27,336 | +€3,909 | +16.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,927 | €24,836 | +€3,909 | +18.7% |
| Amounts payable | 17/49 | €4,334 | €43,637 | +€39,303 | +906.9% |
| Amounts payable within one year | 42/48 | €4,334 | €43,637 | +€39,303 | +906.9% |
| Trade debts | 44 | €1,624 | €41,358 | +€39,734 | +2447.0% |
| Suppliers | 440/4 | €1,624 | €41,358 | +€39,734 | +2447.0% |
| Taxes, remuneration and social security | 45 | €2,710 | €2,279 | -€431 | -15.9% |
| Taxes | 450/3 | €1,541 | €124 | -€1,417 | -92.0% |
| Remuneration and social security | 454/9 | €1,169 | €2,155 | +€986 | +84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,167 | €2,554 | +€387 | +17.9% |
| Other operating charges | 640/8 | €823 | €681 | -€141 | -17.2% |
| Gross operating margin | 9900 | €8,619 | €9,179 | +€560 | +6.5% |
| Operating profit (loss) | 9901 | €5,629 | €5,944 | +€314 | +5.6% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €114 | €447 | +€333 | +291.7% |
| Recurring financial charges | 65 | €114 | €447 | +€333 | +291.7% |
| Profit (loss) for the period before taxes | 9903 | €5,515 | €5,533 | +€18 | +0.3% |
| Income taxes | 67/77 | €1,563 | €1,624 | +€61 | +3.9% |
| Profit (loss) for the period | 9904 | €3,952 | €3,909 | -€43 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,952 | €3,909 | -€43 | -1.1% |
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 7 October 2026 via checked.be.