ARTERIX: 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.
ARTERIX
Largest movements
- Receivables within one year -€4,289
down €4,289 (-66.6%), from €6,442 to €2,153
- Tangible fixed assets -€2,740
no longer reported in 2026 (was €2,740)
- Cash -€423
down €423 (-12.7%), from €3,340 to €2,917
mainly Trade debts (-€4,457) and Net result for the year (-€4,047)
- Stocks and contracts +€287
up €287 (+7.5%), from €3,849 to €4,136
- Trade debts -€4,457
down €4,457 (-78.1%), from €5,710 to €1,253
- Profit (loss) carried forward -€4,047
down €4,047 (-17.6%), from -€23,044 to -€27,091
- Other debts +€1,672
up €1,672 (+270%), from €619 to €2,292
- Tax, wage and social debts -€332
down €332 (-51.7%), from €643 to €311
- Depreciation -€8,219
down €8,219 (-75.0%), from €10,959 to €2,740
- Gross operating margin +€1,206
up €1,206 (+83.7%), from -€1,441 to -€235
- Other operating charges +€22
up €22 (+2.6%), from €868 to €891
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,370 | €9,206 | -€7,164 | -43.8% |
| Fixed assets | 21/28 | €2,740 | - | -€2,740 | |
| Tangible fixed assets | 22/27 | €2,740 | - | -€2,740 | |
| Furniture and vehicles | 24 | €2,740 | - | -€2,740 | |
| Current assets | 29/58 | €13,631 | €9,206 | -€4,425 | -32.5% |
| Stocks and contracts in progress | 3 | €3,849 | €4,136 | +€287 | +7.5% |
| Stocks | 30/36 | €3,849 | €4,136 | +€287 | +7.5% |
| Amounts receivable within one year | 40/41 | €6,442 | €2,153 | -€4,289 | -66.6% |
| Trade receivables | 40 | €6,442 | €2,153 | -€4,289 | -66.6% |
| Cash at bank and in hand | 54/58 | €3,340 | €2,917 | -€423 | -12.7% |
| Total equity and liabilities | 10/49 | €16,370 | €9,206 | -€7,164 | -43.8% |
| Equity | 10/15 | €9,398 | €5,351 | -€4,047 | -43.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,850 | €13,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,480 | €3,480 | = | 0.0% |
| Distributable reserves | 133 | €10,370 | €10,370 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,044 | -€27,091 | -€4,047 | -17.6% |
| Amounts payable | 17/49 | €6,972 | €3,855 | -€3,117 | -44.7% |
| Amounts payable within one year | 42/48 | €6,972 | €3,855 | -€3,117 | -44.7% |
| Trade debts | 44 | €5,710 | €1,253 | -€4,457 | -78.1% |
| Suppliers | 440/4 | €5,710 | €1,253 | -€4,457 | -78.1% |
| Taxes, remuneration and social security | 45 | €643 | €311 | -€332 | -51.7% |
| Taxes | 450/3 | €643 | €311 | -€332 | -51.7% |
| Other amounts payable | 47/48 | €619 | €2,292 | +€1,672 | +270% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,959 | €2,740 | -€8,219 | -75.0% |
| Other operating charges | 640/8 | €868 | €891 | +€22 | +2.6% |
| Gross operating margin | 9900 | -€1,441 | -€235 | +€1,206 | +83.7% |
| Operating profit (loss) | 9901 | -€13,268 | -€3,865 | +€9,403 | +70.9% |
| Financial charges | 65/66B | €35 | €44 | +€9 | +25.7% |
| Recurring financial charges | 65 | €35 | €44 | +€9 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,303 | -€3,909 | +€9,394 | +70.6% |
| Income taxes | 67/77 | €146 | €138 | -€8 | -5.3% |
| Profit (loss) for the period | 9904 | -€13,449 | -€4,047 | +€9,402 | +69.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,449 | -€4,047 | +€9,402 | +69.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.