Artekobel: 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.
Artekobel
Largest movements
- Cash +€529,915
up €529,915 (+204.4%), from €259,242 to €789,157
mainly Net result for the year (+€341,497) and Trade debts (+€178,506)
- Stocks and contracts +€37,010
up €37,010 (+5.8%), from €641,630 to €678,640
- Reserves +€342,489
up €342,489 (+16.6%), from €2.1m to €2.4m
of which Distributable reserves: +€342,489
- Trade debts +€178,506
up €178,506 (+94.4%), from €188,998 to €367,503
- Tax, wage and social debts +€99,146
up €99,146 (+363.8%), from €27,254 to €126,400
of which Taxes: +€91,565
- Gross operating margin +€16,049
up €16,049 (+2.5%), from €641,564 to €657,613
- Financial charges -€12,998
down €12,998 (-56.6%), from €22,961 to €9,962
- Staff costs +€9,492
up €9,492 (+4.8%), from €197,738 to €207,230
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 | €2,367,602 | €2,986,679 | +€619,076 | +26.1% |
| Fixed assets | 21/28 | €6,071 | €34,021 | +€27,950 | +460.4% |
| Tangible fixed assets | 22/27 | €6,071 | €34,021 | +€27,950 | +460.4% |
| Furniture and vehicles | 24 | - | €29,467 | +€29,467 | |
| Other tangible fixed assets | 26 | €6,071 | €4,553 | -€1,518 | -25.0% |
| Current assets | 29/58 | €2,361,531 | €2,952,658 | +€591,126 | +25.0% |
| Amounts receivable after more than one year | 29 | €14,564 | €14,564 | = | 0.0% |
| Other amounts receivable | 291 | €14,564 | €14,564 | = | 0.0% |
| Stocks and contracts in progress | 3 | €641,630 | €678,640 | +€37,010 | +5.8% |
| Stocks | 30/36 | €641,630 | €678,640 | +€37,010 | +5.8% |
| Amounts receivable within one year | 40/41 | €1,446,096 | €1,470,297 | +€24,201 | +1.7% |
| Trade receivables | 40 | €919,416 | €942,253 | +€22,836 | +2.5% |
| Other amounts receivable | 41 | €526,679 | €528,044 | +€1,365 | +0.3% |
| Cash at bank and in hand | 54/58 | €259,242 | €789,157 | +€529,915 | +204.4% |
| Total equity and liabilities | 10/49 | €2,367,602 | €2,986,679 | +€619,076 | +26.1% |
| Equity | 10/15 | €2,104,873 | €2,446,370 | +€341,497 | +16.2% |
| Contributions | 10/11 | €43,381 | €43,381 | = | 0.0% |
| Reserves | 13 | €2,060,500 | €2,402,989 | +€342,489 | +16.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €2,023,000 | €2,365,489 | +€342,489 | +16.9% |
| Profit (loss) carried forward | 14 | €992 | €0 | -€992 | -100.0% |
| Amounts payable | 17/49 | €262,729 | €540,308 | +€277,579 | +105.7% |
| Amounts payable within one year | 42/48 | €262,729 | €540,308 | +€277,579 | +105.7% |
| Financial debts | 43 | €46,477 | €46,405 | -€73 | -0.2% |
| Credit institutions | 430/8 | €46,477 | €46,405 | -€73 | -0.2% |
| Trade debts | 44 | €188,998 | €367,503 | +€178,506 | +94.4% |
| Suppliers | 440/4 | €188,998 | €367,503 | +€178,506 | +94.4% |
| Taxes, remuneration and social security | 45 | €27,254 | €126,400 | +€99,146 | +363.8% |
| Taxes | 450/3 | €4,557 | €96,122 | +€91,565 | +2009.3% |
| Remuneration and social security | 454/9 | €22,697 | €30,278 | +€7,581 | +33.4% |
| Remuneration, social security and pensions | 62 | €197,738 | €207,230 | +€9,492 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,518 | €3,740 | +€2,223 | +146.4% |
| Other operating charges | 640/8 | €1,732 | €1,702 | -€31 | -1.8% |
| Gross operating margin | 9900 | €641,564 | €657,613 | +€16,049 | +2.5% |
| Operating profit (loss) | 9901 | €440,576 | €444,941 | +€4,365 | +1.0% |
| Financial income | 75/76B | €21,622 | €23,910 | +€2,288 | +10.6% |
| Recurring financial income | 75 | €21,622 | €23,910 | +€2,288 | +10.6% |
| Financial charges | 65/66B | €22,961 | €9,962 | -€12,998 | -56.6% |
| Recurring financial charges | 65 | €22,961 | €9,962 | -€12,998 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €439,237 | €458,888 | +€19,651 | +4.5% |
| Income taxes | 67/77 | €111,605 | €117,391 | +€5,786 | +5.2% |
| Profit (loss) for the period | 9904 | €327,632 | €341,497 | +€13,865 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €327,632 | €341,497 | +€13,865 | +4.2% |
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 10 October 2026 via checked.be.