ARTEK HOUT: 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.
ARTEK HOUT
Largest movements
- Cash +€37,918
new in 2025: €37,918
mainly Net result for the year (+€45,001) and Trade debts (+€27,145)
- Receivables within one year +€32,687
up €32,687 (+111%), from €29,431 to €62,118
of which Trade receivables: +€29,263
- Tangible fixed assets -€5,883
down €5,883 (-11.8%), from €50,033 to €44,150
of which Plant, machinery and equipment: -€5,296
- Stocks and contracts +€3,001
up €3,001 (+35.8%), from €8,374 to €11,375
- Reserves +€45,001
up €45,001 (+2,979%), from €1,511 to €46,511
- Trade debts +€27,145
up €27,145 (+126%), from €21,572 to €48,717
- Tax, wage and social debts +€19,709
up €19,709 (+95.5%), from €20,641 to €40,350
of which Taxes: +€12,709
- Other debts -€16,754
down €16,754 (-51.6%), from €32,447 to €15,693
- Short-term financial debts -€4,362
no longer reported in 2025 (was €4,362)
- Gross operating margin +€52,248
up €52,248 (+188%), from €27,807 to €80,055
- Taxes +€14,709
up €14,709 (+2,294%), from €641 to €15,350
- Depreciation -€6,637
down €6,637 (-28.2%), from €23,501 to €16,864
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 | €87,838 | €156,603 | +€68,765 | +78.3% |
| Fixed assets | 21/28 | €50,033 | €44,150 | -€5,883 | -11.8% |
| Tangible fixed assets | 22/27 | €50,033 | €44,150 | -€5,883 | -11.8% |
| Plant, machinery and equipment | 23 | €49,131 | €43,835 | -€5,296 | -10.8% |
| Furniture and vehicles | 24 | €902 | €315 | -€587 | -65.0% |
| Current assets | 29/58 | €37,805 | €112,452 | +€74,647 | +197% |
| Stocks and contracts in progress | 3 | €8,374 | €11,375 | +€3,001 | +35.8% |
| Stocks | 30/36 | €8,374 | €11,375 | +€3,001 | +35.8% |
| Amounts receivable within one year | 40/41 | €29,431 | €62,118 | +€32,687 | +111% |
| Trade receivables | 40 | €22,385 | €51,648 | +€29,263 | +131% |
| Other amounts receivable | 41 | €7,046 | €10,470 | +€3,424 | +48.6% |
| Cash at bank and in hand | 54/58 | - | €37,918 | +€37,918 | |
| Deferred charges and accrued income | 490/1 | - | €1,042 | +€1,042 | |
| Total equity and liabilities | 10/49 | €87,838 | €156,603 | +€68,765 | +78.3% |
| Equity | 10/15 | €6,511 | €51,511 | +€45,001 | +691% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,511 | €46,511 | +€45,001 | +2,979% |
| Distributable reserves | 133 | €1,511 | €46,511 | +€45,001 | +2,979% |
| Amounts payable | 17/49 | €81,327 | €105,091 | +€23,764 | +29.2% |
| Amounts payable after more than one year | 17 | €332 | - | -€332 | |
| Financial debts | 170/4 | €332 | - | -€332 | |
| Amounts payable within one year | 42/48 | €80,996 | €105,091 | +€24,096 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €1,974 | €332 | -€1,642 | -83.2% |
| Financial debts | 43 | €4,362 | - | -€4,362 | |
| Credit institutions | 430/8 | €4,362 | - | -€4,362 | |
| Trade debts | 44 | €21,572 | €48,717 | +€27,145 | +126% |
| Suppliers | 440/4 | €21,572 | €48,717 | +€27,145 | +126% |
| Taxes, remuneration and social security | 45 | €20,641 | €40,350 | +€19,709 | +95.5% |
| Taxes | 450/3 | €3,641 | €16,350 | +€12,709 | +349% |
| Remuneration and social security | 454/9 | €17,000 | €24,000 | +€7,000 | +41.2% |
| Other amounts payable | 47/48 | €32,447 | €15,693 | -€16,754 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,501 | €16,864 | -€6,637 | -28.2% |
| Other operating charges | 640/8 | €1,906 | €2,417 | +€511 | +26.8% |
| Gross operating margin | 9900 | €27,807 | €80,055 | +€52,248 | +188% |
| Operating profit (loss) | 9901 | €2,400 | €60,774 | +€58,373 | +2,432% |
| Financial income | 75/76B | €554 | €171 | -€383 | -69.1% |
| Recurring financial income | 75 | €554 | €171 | -€383 | -69.1% |
| Financial charges | 65/66B | €802 | €594 | -€208 | -26.0% |
| Recurring financial charges | 65 | €802 | €594 | -€208 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €2,152 | €60,351 | +€58,199 | +2,705% |
| Income taxes | 67/77 | €641 | €15,350 | +€14,709 | +2,294% |
| Profit (loss) for the period | 9904 | €1,511 | €45,001 | +€43,490 | +2,879% |
| Profit (loss) for the period to be appropriated | 9905 | €1,511 | €45,001 | +€43,490 | +2,879% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.