ARTELIOR: 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.
ARTELIOR
Largest movements
- Tangible fixed assets +€12,383
new in 2025: €12,383
- Cash +€7,996
up €7,996 (+75.6%), from €10,576 to €18,571
mainly Net result for the year (+€16,945) and Tax, wage and social debts (+€8,226)
- Receivables within one year +€5,998
up €5,998 (+110%), from €5,434 to €11,432
of which Other amounts receivable: +€4,697
- Financial fixed assets +€5,377
new in 2025: €5,377
- Deferred charges and accrued income +€1,413
up €1,413 (+2,845%), from €50 to €1,463
- Profit (loss) carried forward +€16,945
up €16,945 (+450%), from €3,762 to €20,707
- Tax, wage and social debts +€8,226
up €8,226 (+91.2%), from €9,023 to €17,249
- Trade debts +€7,995
up €7,995 (+2,913%), from €274 to €8,269
- Gross operating margin +€17,094
up €17,094 (+253%), from €6,746 to €23,840
- Taxes +€3,269
up €3,269 (+203%), from €1,607 to €4,877
- Depreciation +€494
new in 2025: €494
- Other operating charges +€297
up €297 (+146%), from €203 to €500
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 | €16,060 | €49,226 | +€33,166 | +207% |
| Fixed assets | 21/28 | - | €17,760 | +€17,760 | |
| Tangible fixed assets | 22/27 | - | €12,383 | +€12,383 | |
| Plant, machinery and equipment | 23 | - | €12,383 | +€12,383 | |
| Financial fixed assets | 28 | - | €5,377 | +€5,377 | |
| Current assets | 29/58 | €16,060 | €31,466 | +€15,406 | +95.9% |
| Amounts receivable within one year | 40/41 | €5,434 | €11,432 | +€5,998 | +110% |
| Trade receivables | 40 | €55 | €1,355 | +€1,300 | +2,384% |
| Other amounts receivable | 41 | €5,380 | €10,077 | +€4,697 | +87.3% |
| Cash at bank and in hand | 54/58 | €10,576 | €18,571 | +€7,996 | +75.6% |
| Deferred charges and accrued income | 490/1 | €50 | €1,463 | +€1,413 | +2,845% |
| Total equity and liabilities | 10/49 | €16,060 | €49,226 | +€33,166 | +207% |
| Equity | 10/15 | €6,762 | €23,707 | +€16,945 | +251% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,762 | €20,707 | +€16,945 | +450% |
| Amounts payable | 17/49 | €9,298 | €25,519 | +€16,221 | +174% |
| Amounts payable within one year | 42/48 | €9,298 | €25,519 | +€16,221 | +174% |
| Trade debts | 44 | €274 | €8,269 | +€7,995 | +2,913% |
| Suppliers | 440/4 | €274 | €8,269 | +€7,995 | +2,913% |
| Taxes, remuneration and social security | 45 | €9,023 | €17,249 | +€8,226 | +91.2% |
| Taxes | 450/3 | €9,023 | €17,249 | +€8,226 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €494 | +€494 | |
| Other operating charges | 640/8 | €203 | €500 | +€297 | +146% |
| Gross operating margin | 9900 | €6,746 | €23,840 | +€17,094 | +253% |
| Operating profit (loss) | 9901 | €6,543 | €22,846 | +€16,303 | +249% |
| Financial income | 75/76B | €163 | €312 | +€149 | +91.2% |
| Recurring financial income | 75 | €163 | €312 | +€149 | +91.2% |
| Financial charges | 65/66B | €1,337 | €1,336 | -€1 | -0.1% |
| Recurring financial charges | 65 | €1,337 | €1,336 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €5,369 | €21,822 | +€16,453 | +306% |
| Income taxes | 67/77 | €1,607 | €4,877 | +€3,269 | +203% |
| Profit (loss) for the period | 9904 | €3,762 | €16,945 | +€13,184 | +350% |
| Profit (loss) for the period to be appropriated | 9905 | €3,762 | €16,945 | +€13,184 | +350% |
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 17 October 2026 via checked.be.