ARTENG: what changed
ARTENG
Largest movements
- Receivables within one year -€16,404
down €16,404 (-70.2%), from €23,364 to €6,960
of which Trade receivables: -€16,404
- Cash +€8,022
up €8,022 (+21.8%), from €36,843 to €44,864
mainly Depreciation (+€23,724) and Receivables within one year (+€16,404)
- Tangible fixed assets +€7,958
up €7,958 (+8.6%), from €92,881 to €100,839
of which Furniture and vehicles: +€21,140
- Current portion of long-term debt +€10,637
up €10,637 (+61.1%), from €17,400 to €28,037
- Tax, wage and social debts -€10,532
down €10,532 (-49.6%), from €21,243 to €10,710
- Debts after one year -€3,937
down €3,937 (-7.3%), from €54,242 to €50,305
- Profit (loss) carried forward +€1,911
up €1,911 (+4.1%), from €46,937 to €48,848
- Other debts +€1,606
up €1,606 (+49.5%), from €3,248 to €4,854
- Gross operating margin -€16,570
down €16,570 (-35.6%), from €46,600 to €30,030
- Depreciation +€8,789
up €8,789 (+58.9%), from €14,934 to €23,724
- Taxes -€5,290
down €5,290 (-93.9%), from €5,632 to €341
- Financial charges +€1,534
up €1,534 (+62.4%), from €2,457 to €3,992
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,179 | €152,754 | -€425 | -0.3% |
| Fixed assets | 21/28 | €92,972 | €100,930 | +€7,958 | +8.6% |
| Tangible fixed assets | 22/27 | €92,881 | €100,839 | +€7,958 | +8.6% |
| Plant, machinery and equipment | 23 | €79,319 | €66,137 | -€13,182 | -16.6% |
| Furniture and vehicles | 24 | €13,563 | €34,702 | +€21,140 | +156% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €60,207 | €51,824 | -€8,383 | -13.9% |
| Amounts receivable within one year | 40/41 | €23,364 | €6,960 | -€16,404 | -70.2% |
| Trade receivables | 40 | €23,364 | €6,960 | -€16,404 | -70.2% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €36,843 | €44,864 | +€8,022 | +21.8% |
| Total equity and liabilities | 10/49 | €153,179 | €152,754 | -€425 | -0.3% |
| Equity | 10/15 | €56,937 | €58,848 | +€1,911 | +3.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,937 | €48,848 | +€1,911 | +4.1% |
| Amounts payable | 17/49 | €96,242 | €93,906 | -€2,336 | -2.4% |
| Amounts payable after more than one year | 17 | €54,242 | €50,305 | -€3,937 | -7.3% |
| Financial debts | 170/4 | €54,242 | €50,305 | -€3,937 | -7.3% |
| Amounts payable within one year | 42/48 | €42,000 | €43,601 | +€1,601 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €17,400 | €28,037 | +€10,637 | +61.1% |
| Trade debts | 44 | €109 | €0 | -€109 | -100% |
| Suppliers | 440/4 | €109 | €0 | -€109 | -100% |
| Taxes, remuneration and social security | 45 | €21,243 | €10,710 | -€10,532 | -49.6% |
| Taxes | 450/3 | €21,243 | €10,710 | -€10,532 | -49.6% |
| Other amounts payable | 47/48 | €3,248 | €4,854 | +€1,606 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,934 | €23,724 | +€8,789 | +58.9% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €46,600 | €30,030 | -€16,570 | -35.6% |
| Operating profit (loss) | 9901 | €31,604 | €6,244 | -€25,360 | -80.2% |
| Financial charges | 65/66B | €2,457 | €3,992 | +€1,534 | +62.4% |
| Recurring financial charges | 65 | €2,457 | €3,992 | +€1,534 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €29,146 | €2,252 | -€26,894 | -92.3% |
| Income taxes | 67/77 | €5,632 | €341 | -€5,290 | -93.9% |
| Profit (loss) for the period | 9904 | €23,515 | €1,911 | -€21,603 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,515 | €1,911 | -€21,603 | -91.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.