ARTESTUC: 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.
ARTESTUC
Largest movements
- Receivables within one year +€14,731
up €14,731 (+19.0%), from €77,356 to €92,086
- Tangible fixed assets -€1,338
down €1,338 (-44.4%), from €3,015 to €1,677
of which Land and buildings: -€748
- Other debts +€12,659
up €12,659 (+91.8%), from €13,791 to €26,450
- Short-term financial debts +€9,888
up €9,888 (+140%), from €7,048 to €16,935
- Trade debts -€5,912
no longer reported in 2025 (was €5,912)
- Reserves -€3,650
down €3,650 (-20.9%), from €17,486 to €13,836
of which Distributable reserves: -€3,650
- Gross operating margin -€16,397
down €16,397 (-82.5%), from €19,876 to €3,479
- Financial income -€13,321
no longer reported in 2025 (was €13,321)
of which Non-recurring financial income: -€13,321
- Taxes -€3,682
no longer reported in 2025 (was €3,682)
- Other operating charges +€1,892
up €1,892 (+139%), from €1,363 to €3,255
- Depreciation -€679
down €679 (-33.7%), from €2,017 to €1,338
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 | €85,369 | €98,160 | +€12,790 | +15.0% |
| Fixed assets | 21/28 | €4,215 | €2,877 | -€1,338 | -31.7% |
| Tangible fixed assets | 22/27 | €3,015 | €1,677 | -€1,338 | -44.4% |
| Land and buildings | 22 | €2,425 | €1,677 | -€748 | -30.9% |
| Furniture and vehicles | 24 | €590 | - | -€590 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €81,154 | €95,283 | +€14,128 | +17.4% |
| Stocks and contracts in progress | 3 | €750 | €750 | = | 0.0% |
| Stocks | 30/36 | €750 | €750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,356 | €92,086 | +€14,731 | +19.0% |
| Trade receivables | 40 | €77,356 | €92,086 | +€14,731 | +19.0% |
| Cash at bank and in hand | 54/58 | €124 | €124 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,925 | €2,323 | -€602 | -20.6% |
| Total equity and liabilities | 10/49 | €85,369 | €98,160 | +€12,790 | +15.0% |
| Equity | 10/15 | €36,486 | €32,836 | -€3,650 | -10.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €17,486 | €13,836 | -€3,650 | -20.9% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €15,586 | €11,936 | -€3,650 | -23.4% |
| Amounts payable | 17/49 | €48,883 | €65,323 | +€16,440 | +33.6% |
| Amounts payable within one year | 42/48 | €48,883 | €65,323 | +€16,440 | +33.6% |
| Financial debts | 43 | €7,048 | €16,935 | +€9,888 | +140% |
| Credit institutions | 430/8 | €7,048 | €16,935 | +€9,888 | +140% |
| Trade debts | 44 | €5,912 | - | -€5,912 | |
| Suppliers | 440/4 | €5,912 | - | -€5,912 | |
| Taxes, remuneration and social security | 45 | €22,131 | €21,938 | -€194 | -0.9% |
| Taxes | 450/3 | €22,131 | €21,938 | -€194 | -0.9% |
| Other amounts payable | 47/48 | €13,791 | €26,450 | +€12,659 | +91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,017 | €1,338 | -€679 | -33.7% |
| Other operating charges | 640/8 | €1,363 | €3,255 | +€1,892 | +139% |
| Gross operating margin | 9900 | €19,876 | €3,479 | -€16,397 | -82.5% |
| Operating profit (loss) | 9901 | €16,496 | -€1,114 | -€17,610 | |
| Financial income | 75/76B | €13,321 | - | -€13,321 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €13,321 | - | -€13,321 | |
| Financial charges | 65/66B | €2,258 | €2,536 | +€278 | +12.3% |
| Recurring financial charges | 65 | €2,258 | €2,536 | +€278 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €27,558 | -€3,650 | -€31,208 | |
| Income taxes | 67/77 | €3,682 | - | -€3,682 | |
| Profit (loss) for the period | 9904 | €23,877 | -€3,650 | -€27,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,877 | -€3,650 | -€27,527 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.