ARTELLANDO: 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.
ARTELLANDO
Largest movements
- Cash +€47,663
up €47,663 (+43.2%), from €110,397 to €158,060
mainly Net result for the year (+€54,869) and Receivables within one year (+€4,063)
- Receivables within one year -€4,063
down €4,063 (-27.7%), from €14,665 to €10,603
- Profit (loss) carried forward +€54,869
up €54,869 (+70.5%), from €77,814 to €132,684
- Tax, wage and social debts -€10,152
down €10,152 (-30.4%), from €33,393 to €23,241
of which Taxes: -€12,623
No income-statement line moved by more than 1% of the activity.
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 | €125,430 | €170,122 | +€44,692 | +35.6% |
| Fixed assets | 21/28 | €368 | €1,460 | +€1,092 | +296.7% |
| Tangible fixed assets | 22/27 | €368 | €1,460 | +€1,092 | +296.7% |
| Furniture and vehicles | 24 | €368 | €1,460 | +€1,092 | +296.7% |
| Current assets | 29/58 | €125,062 | €168,662 | +€43,600 | +34.9% |
| Amounts receivable within one year | 40/41 | €14,665 | €10,603 | -€4,063 | -27.7% |
| Trade receivables | 40 | €14,665 | €10,603 | -€4,063 | -27.7% |
| Cash at bank and in hand | 54/58 | €110,397 | €158,060 | +€47,663 | +43.2% |
| Total equity and liabilities | 10/49 | €125,430 | €170,122 | +€44,692 | +35.6% |
| Equity | 10/15 | €82,814 | €137,684 | +€54,869 | +66.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Share premium | 1100/10 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,814 | €132,684 | +€54,869 | +70.5% |
| Amounts payable | 17/49 | €42,616 | €32,439 | -€10,177 | -23.9% |
| Amounts payable within one year | 42/48 | €42,616 | €32,439 | -€10,177 | -23.9% |
| Trade debts | 44 | €671 | €397 | -€274 | -40.8% |
| Suppliers | 440/4 | €671 | €397 | -€274 | -40.8% |
| Taxes, remuneration and social security | 45 | €33,393 | €23,241 | -€10,152 | -30.4% |
| Taxes | 450/3 | €33,306 | €20,683 | -€12,623 | -37.9% |
| Remuneration and social security | 454/9 | €87 | €2,559 | +€2,471 | +2832.2% |
| Other amounts payable | 47/48 | €8,552 | €8,800 | +€248 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90 | €299 | +€209 | +230.8% |
| Other operating charges | 640/8 | €511 | €66 | -€445 | -87.1% |
| Gross operating margin | 9900 | €69,425 | €69,156 | -€269 | -0.4% |
| Operating profit (loss) | 9901 | €68,824 | €68,791 | -€32 | 0.0% |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €125 | €205 | +€80 | +64.3% |
| Recurring financial charges | 65 | €125 | €205 | +€80 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €68,743 | €68,587 | -€157 | -0.2% |
| Income taxes | 67/77 | €13,749 | €13,717 | -€31 | -0.2% |
| Profit (loss) for the period | 9904 | €54,995 | €54,869 | -€125 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,995 | €54,869 | -€125 | -0.2% |
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 5 October 2026 via checked.be.