ARTEP GROUP: 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.
ARTEP GROUP
Largest movements
- Tangible fixed assets -€9,800
down €9,800 (-38.6%), from €25,405 to €15,605
of which Furniture and vehicles: -€5,896
- Receivables within one year +€5,991
up €5,991 (+20.8%), from €28,836 to €34,827
- Cash -€4,903
down €4,903 (-73.3%), from €6,692 to €1,788
mainly Trade debts (-€10,127) and Current portion of long-term debt (-€8,819)
- Reserves +€11,979
up €11,979 (+76.7%), from €15,615 to €27,595
of which Distributable reserves: +€11,979
- Trade debts -€10,127
down €10,127 (-95.1%), from €10,649 to €522
- Current portion of long-term debt -€8,819
down €8,819 (-86.0%), from €10,256 to €1,437
- Short-term financial debts +€2,108
new in 2025: €2,108
- Tax, wage and social debts -€1,870
down €1,870 (-64.4%), from €2,902 to €1,032
- Purchases and services -€32,342
down €32,342 (-29.0%), from €111,514 to €79,173
- Gross operating margin +€17,202
up €17,202 (+602%), from €2,856 to €20,058
- Turnover -€15,703
down €15,703 (-13.7%), from €114,327 to €98,624
- Financial income +€3,854
up €3,854 (+255%), from €1,513 to €5,367
of which Non-recurring financial income: +€3,719
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 | €60,932 | €52,694 | -€8,239 | -13.5% |
| Fixed assets | 21/28 | €25,405 | €15,605 | -€9,800 | -38.6% |
| Tangible fixed assets | 22/27 | €25,405 | €15,605 | -€9,800 | -38.6% |
| Land and buildings | 22 | €8,160 | €8,160 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,082 | €5,178 | -€3,904 | -43.0% |
| Furniture and vehicles | 24 | €8,163 | €2,267 | -€5,896 | -72.2% |
| Current assets | 29/58 | €35,528 | €37,089 | +€1,562 | +4.4% |
| Amounts receivable within one year | 40/41 | €28,836 | €34,827 | +€5,991 | +20.8% |
| Other amounts receivable | 41 | €28,836 | €34,827 | +€5,991 | +20.8% |
| Cash at bank and in hand | 54/58 | €6,692 | €1,788 | -€4,903 | -73.3% |
| Deferred charges and accrued income | 490/1 | €0 | €474 | +€474 | +677,429% |
| Total equity and liabilities | 10/49 | €60,932 | €52,694 | -€8,239 | -13.5% |
| Equity | 10/15 | €35,615 | €47,595 | +€11,979 | +33.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,615 | €27,595 | +€11,979 | +76.7% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €14,615 | €26,595 | +€11,979 | +82.0% |
| Amounts payable | 17/49 | €25,317 | €5,099 | -€20,218 | -79.9% |
| Amounts payable after more than one year | 17 | €1,437 | - | -€1,437 | |
| Financial debts | 170/4 | €1,437 | - | -€1,437 | |
| Amounts payable within one year | 42/48 | €23,808 | €5,099 | -€18,709 | -78.6% |
| Current portion of amounts payable after more than one year | 42 | €10,256 | €1,437 | -€8,819 | -86.0% |
| Financial debts | 43 | - | €2,108 | +€2,108 | |
| Credit institutions | 430/8 | - | €2,108 | +€2,108 | |
| Trade debts | 44 | €10,649 | €522 | -€10,127 | -95.1% |
| Suppliers | 440/4 | €10,649 | €522 | -€10,127 | -95.1% |
| Taxes, remuneration and social security | 45 | €2,902 | €1,032 | -€1,870 | -64.4% |
| Taxes | 450/3 | €2,902 | €1,032 | -€1,870 | -64.4% |
| Accrued charges and deferred income | 492/3 | €72 | €0 | -€72 | -99.8% |
| Turnover | 70 | €114,327 | €98,624 | -€15,703 | -13.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €111,514 | €79,173 | -€32,342 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,060 | €10,810 | -€250 | -2.3% |
| Other operating charges | 640/8 | €1,426 | €888 | -€538 | -37.7% |
| Non-recurring operating charges | 66A | €1,561 | - | -€1,561 | |
| Gross operating margin | 9900 | €2,856 | €20,058 | +€17,202 | +602% |
| Operating profit (loss) | 9901 | -€11,191 | €8,360 | +€19,551 | |
| Financial income | 75/76B | €1,513 | €5,367 | +€3,854 | +255% |
| Recurring financial income | 75 | €1,513 | €1,648 | +€135 | +8.9% |
| Non-recurring financial income | 76B | - | €3,719 | +€3,719 | |
| Financial charges | 65/66B | €831 | €715 | -€115 | -13.9% |
| Recurring financial charges | 65 | €831 | €715 | -€115 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,509 | €13,011 | +€23,521 | |
| Income taxes | 67/77 | €0 | €1,032 | +€1,032 | +1,031,750% |
| Profit (loss) for the period | 9904 | -€10,509 | €11,979 | +€22,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,509 | €11,979 | +€22,489 |
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.