ARTENEO: 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.
ARTENEO
Largest movements
- Receivables within one year -€22,523
down €22,523 (-45.8%), from €49,204 to €26,681
of which Trade receivables: -€20,117
- Tangible fixed assets +€21,164
up €21,164 (+122.7%), from €17,254 to €38,418
of which Plant, machinery and equipment: +€16,580
- Stocks and contracts +€20,648
new in 2025: €20,648
- Cash +€4,545
up €4,545 (+1456.4%), from €312 to €4,858
mainly Receivables within one year (+€22,523) and Debts after one year (+€12,902)
- Deferred charges and accrued income +€1,313
up €1,313 (+620.3%), from €212 to €1,525
- Debts after one year +€12,902
new in 2025: €12,902
- Other debts +€10,513
up €10,513 (+93.3%), from €11,274 to €21,787
- Tax, wage and social debts -€4,120
down €4,120 (-33.6%), from €12,243 to €8,123
of which Taxes: -€4,720
- Profit (loss) carried forward +€3,995
up €3,995 (+14.0%), from €28,483 to €32,479
- Current portion of long-term debt +€3,744
up €3,744 (+202.1%), from €1,853 to €5,597
- Gross operating margin +€11,688
up €11,688 (+186.1%), from €6,282 to €17,969
- Depreciation +€4,497
up €4,497 (+55.5%), from €8,099 to €12,596
- Financial charges +€266
up €266 (+92.6%), from €288 to €554
- Financial income +€218
new in 2025: €218
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 | €66,982 | €92,129 | +€25,148 | +37.5% |
| Fixed assets | 21/28 | €17,254 | €38,418 | +€21,164 | +122.7% |
| Tangible fixed assets | 22/27 | €17,254 | €38,418 | +€21,164 | +122.7% |
| Plant, machinery and equipment | 23 | €9,842 | €26,422 | +€16,580 | +168.5% |
| Furniture and vehicles | 24 | €7,412 | €11,995 | +€4,584 | +61.8% |
| Current assets | 29/58 | €49,728 | €53,712 | +€3,984 | +8.0% |
| Stocks and contracts in progress | 3 | - | €20,648 | +€20,648 | |
| Stocks | 30/36 | - | €20,648 | +€20,648 | |
| Amounts receivable within one year | 40/41 | €49,204 | €26,681 | -€22,523 | -45.8% |
| Trade receivables | 40 | €44,109 | €23,993 | -€20,117 | -45.6% |
| Other amounts receivable | 41 | €5,095 | €2,689 | -€2,406 | -47.2% |
| Cash at bank and in hand | 54/58 | €312 | €4,858 | +€4,545 | +1456.4% |
| Deferred charges and accrued income | 490/1 | €212 | €1,525 | +€1,313 | +620.3% |
| Total equity and liabilities | 10/49 | €66,982 | €92,129 | +€25,148 | +37.5% |
| Equity | 10/15 | €30,483 | €34,479 | +€3,995 | +13.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,483 | €32,479 | +€3,995 | +14.0% |
| Amounts payable | 17/49 | €36,498 | €57,651 | +€21,152 | +58.0% |
| Amounts payable after more than one year | 17 | - | €12,902 | +€12,902 | |
| Financial debts | 170/4 | - | €12,902 | +€12,902 | |
| Amounts payable within one year | 42/48 | €36,498 | €44,749 | +€8,250 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €1,853 | €5,597 | +€3,744 | +202.1% |
| Trade debts | 44 | €11,128 | €9,241 | -€1,888 | -17.0% |
| Suppliers | 440/4 | €11,128 | €9,241 | -€1,888 | -17.0% |
| Taxes, remuneration and social security | 45 | €12,243 | €8,123 | -€4,120 | -33.6% |
| Taxes | 450/3 | €6,843 | €2,123 | -€4,720 | -69.0% |
| Remuneration and social security | 454/9 | €5,400 | €6,000 | +€600 | +11.1% |
| Other amounts payable | 47/48 | €11,274 | €21,787 | +€10,513 | +93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,099 | €12,596 | +€4,497 | +55.5% |
| Other operating charges | 640/8 | €955 | €1,043 | +€88 | +9.2% |
| Gross operating margin | 9900 | €6,282 | €17,969 | +€11,688 | +186.1% |
| Operating profit (loss) | 9901 | -€2,772 | €4,331 | +€7,103 | |
| Financial income | 75/76B | - | €218 | +€218 | |
| Recurring financial income | 75 | - | €218 | +€218 | |
| Financial charges | 65/66B | €288 | €554 | +€266 | +92.6% |
| Recurring financial charges | 65 | €288 | €554 | +€266 | +92.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,059 | €3,995 | +€7,055 | |
| Profit (loss) for the period | 9904 | -€3,059 | €3,995 | +€7,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,059 | €3,995 | +€7,055 |
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.