ARTEPUB-ACKA: 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.
ARTEPUB-ACKA
Largest movements
- Tangible fixed assets -€71,660
down €71,660 (-14.2%), from €506,295 to €434,635
of which Other tangible fixed assets: -€39,502
- Receivables within one year +€71,012
up €71,012 (+16.5%), from €430,554 to €501,566
of which Trade receivables: +€89,934
- Deferred charges and accrued income -€20,057
down €20,057 (-76.4%), from €26,253 to €6,197
- Cash +€14,161
up €14,161 (+7.1%), from €199,826 to €213,987
mainly Depreciation (+€128,302) and Trade debts (+€57,706)
- Intangible fixed assets -€14,000
down €14,000 (-23.7%), from €58,984 to €44,984
- Debts after one year -€65,591
down €65,591 (-34.5%), from €189,852 to €124,261
- Trade debts +€57,706
up €57,706 (+31.5%), from €183,085 to €240,791
- Tax, wage and social debts -€27,979
down €27,979 (-37.2%), from €75,272 to €47,293
of which Remuneration and social security: -€24,312
- Profit (loss) carried forward +€21,443
up €21,443 (+87.1%), from €24,610 to €46,053
- Other operating charges -€52,619
down €52,619 (-32.1%), from €163,969 to €111,351
- Gross operating margin -€29,972
down €29,972 (-3.5%), from €866,123 to €836,151
- Depreciation +€29,513
up €29,513 (+29.9%), from €98,789 to €128,302
- Write-downs +€9,630
up €9,630, from -€9,630 to €0
- Staff costs +€9,216
up €9,216 (+1.7%), from €534,976 to €544,193
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 | €1,247,715 | €1,237,171 | -€10,544 | -0.8% |
| Fixed assets | 21/28 | €591,082 | €505,422 | -€85,660 | -14.5% |
| Intangible fixed assets | 21 | €58,984 | €44,984 | -€14,000 | -23.7% |
| Tangible fixed assets | 22/27 | €506,295 | €434,635 | -€71,660 | -14.2% |
| Plant, machinery and equipment | 23 | €13,339 | €9,178 | -€4,160 | -31.2% |
| Furniture and vehicles | 24 | €185,883 | €157,884 | -€27,998 | -15.1% |
| Other tangible fixed assets | 26 | €307,073 | €267,572 | -€39,502 | -12.9% |
| Financial fixed assets | 28 | €25,804 | €25,804 | = | 0.0% |
| Current assets | 29/58 | €656,633 | €731,749 | +€75,116 | +11.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €430,554 | €501,566 | +€71,012 | +16.5% |
| Trade receivables | 40 | €398,146 | €488,080 | +€89,934 | +22.6% |
| Other amounts receivable | 41 | €32,408 | €13,486 | -€18,922 | -58.4% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €199,826 | €213,987 | +€14,161 | +7.1% |
| Deferred charges and accrued income | 490/1 | €26,253 | €6,197 | -€20,057 | -76.4% |
| Total equity and liabilities | 10/49 | €1,247,715 | €1,237,171 | -€10,544 | -0.8% |
| Equity | 10/15 | €657,559 | €679,003 | +€21,443 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €614,349 | €614,349 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €12,489 | €12,489 | = | 0.0% |
| Distributable reserves | 133 | €601,860 | €601,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,610 | €46,053 | +€21,443 | +87.1% |
| Amounts payable | 17/49 | €590,155 | €558,168 | -€31,987 | -5.4% |
| Amounts payable after more than one year | 17 | €189,852 | €124,261 | -€65,591 | -34.5% |
| Financial debts | 170/4 | €189,852 | €124,261 | -€65,591 | -34.5% |
| Amounts payable within one year | 42/48 | €346,936 | €380,539 | +€33,603 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €81,875 | €92,455 | +€10,579 | +12.9% |
| Financial debts | 43 | €6,703 | €0 | -€6,703 | -100% |
| Credit institutions | 430/8 | €6,703 | €0 | -€6,703 | -100% |
| Trade debts | 44 | €183,085 | €240,791 | +€57,706 | +31.5% |
| Suppliers | 440/4 | €183,085 | €240,791 | +€57,706 | +31.5% |
| Taxes, remuneration and social security | 45 | €75,272 | €47,293 | -€27,979 | -37.2% |
| Taxes | 450/3 | €14,834 | €11,167 | -€3,667 | -24.7% |
| Remuneration and social security | 454/9 | €60,438 | €36,126 | -€24,312 | -40.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €53,367 | €53,367 | = | 0.0% |
| Non-recurring operating income | 76A | €3,825 | €3,532 | -€293 | -7.7% |
| Remuneration, social security and pensions | 62 | €534,976 | €544,193 | +€9,216 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,789 | €128,302 | +€29,513 | +29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,630 | €0 | +€9,630 | |
| Other operating charges | 640/8 | €163,969 | €111,351 | -€52,619 | -32.1% |
| Non-recurring operating charges | 66A | €16,332 | €42 | -€16,290 | -99.7% |
| Gross operating margin | 9900 | €866,123 | €836,151 | -€29,972 | -3.5% |
| Operating profit (loss) | 9901 | €61,686 | €52,264 | -€9,422 | -15.3% |
| Financial income | 75/76B | €1,906 | €40 | -€1,865 | -97.9% |
| Recurring financial income | 75 | €1,906 | €40 | -€1,865 | -97.9% |
| Financial charges | 65/66B | €11,465 | €12,424 | +€959 | +8.4% |
| Recurring financial charges | 65 | €11,261 | €12,423 | +€1,162 | +10.3% |
| Non-recurring financial charges | 66B | €204 | €1 | -€203 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €52,127 | €39,880 | -€12,246 | -23.5% |
| Income taxes | 67/77 | €22,201 | €18,437 | -€3,764 | -17.0% |
| Profit (loss) for the period | 9904 | €29,926 | €21,443 | -€8,482 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,926 | €21,443 | -€8,482 | -28.3% |
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 29 October 2026 via checked.be.