ARTETEK: 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.
ARTETEK
Largest movements
- Cash +€101,497
up €101,497 (+420%), from €24,157 to €125,654
mainly Net result for the year (+€99,272) and Tax, wage and social debts (+€39,637)
- Tangible fixed assets -€14,536
down €14,536 (-17.9%), from €81,377 to €66,841
- Receivables within one year +€14,044
up €14,044 (+112%), from €12,577 to €26,621
of which Trade receivables: +€26,621
- Deferred charges and accrued income -€2,319
down €2,319 (-44.9%), from €5,163 to €2,845
- Profit (loss) carried forward +€98,439
up €98,439 (+301%), from €32,757 to €131,196
- Tax, wage and social debts +€39,637
up €39,637 (+477%), from €8,306 to €47,943
- Debts after one year -€21,620
down €21,620 (-51.0%), from €42,410 to €20,789
- Other debts -€13,108
down €13,108 (-92.8%), from €14,131 to €1,023
- Trade debts -€8,060
down €8,060 (-99.8%), from €8,079 to €19
- Gross operating margin +€104,215
up €104,215 (+236%), from €44,147 to €148,362
- Taxes +€20,073
up €20,073 (+243%), from €8,266 to €28,339
- Depreciation +€14,574
up €14,574 (+570%), from €2,559 to €17,133
- Financial charges +€2,039
up €2,039 (+1,150%), from €177 to €2,216
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 | €123,275 | €221,961 | +€98,686 | +80.1% |
| Fixed assets | 21/28 | €81,377 | €66,841 | -€14,536 | -17.9% |
| Tangible fixed assets | 22/27 | €81,377 | €66,841 | -€14,536 | -17.9% |
| Furniture and vehicles | 24 | €81,377 | €66,841 | -€14,536 | -17.9% |
| Current assets | 29/58 | €41,898 | €155,120 | +€113,222 | +270% |
| Amounts receivable within one year | 40/41 | €12,577 | €26,621 | +€14,044 | +112% |
| Trade receivables | 40 | - | €26,621 | +€26,621 | |
| Other amounts receivable | 41 | €12,577 | - | -€12,577 | |
| Cash at bank and in hand | 54/58 | €24,157 | €125,654 | +€101,497 | +420% |
| Deferred charges and accrued income | 490/1 | €5,163 | €2,845 | -€2,319 | -44.9% |
| Total equity and liabilities | 10/49 | €123,275 | €221,961 | +€98,686 | +80.1% |
| Equity | 10/15 | €32,757 | €132,196 | +€99,439 | +304% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €32,757 | €131,196 | +€98,439 | +301% |
| Amounts payable | 17/49 | €90,517 | €89,764 | -€753 | -0.8% |
| Amounts payable after more than one year | 17 | €42,410 | €20,789 | -€21,620 | -51.0% |
| Financial debts | 170/4 | €42,410 | €20,789 | -€21,620 | -51.0% |
| Amounts payable within one year | 42/48 | €48,107 | €68,975 | +€20,868 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €17,590 | €19,990 | +€2,400 | +13.6% |
| Trade debts | 44 | €8,079 | €19 | -€8,060 | -99.8% |
| Suppliers | 440/4 | €8,079 | €19 | -€8,060 | -99.8% |
| Taxes, remuneration and social security | 45 | €8,306 | €47,943 | +€39,637 | +477% |
| Taxes | 450/3 | €8,306 | €47,943 | +€39,637 | +477% |
| Other amounts payable | 47/48 | €14,131 | €1,023 | -€13,108 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,559 | €17,133 | +€14,574 | +570% |
| Other operating charges | 640/8 | €387 | €1,402 | +€1,014 | +262% |
| Gross operating margin | 9900 | €44,147 | €148,362 | +€104,215 | +236% |
| Operating profit (loss) | 9901 | €41,201 | €129,827 | +€88,627 | +215% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €177 | €2,216 | +€2,039 | +1,150% |
| Recurring financial charges | 65 | €177 | €2,216 | +€2,039 | +1,150% |
| Profit (loss) for the period before taxes | 9903 | €41,024 | €127,611 | +€86,587 | +211% |
| Income taxes | 67/77 | €8,266 | €28,339 | +€20,073 | +243% |
| Profit (loss) for the period | 9904 | €32,757 | €99,272 | +€66,515 | +203% |
| Profit (loss) for the period to be appropriated | 9905 | €32,757 | €99,272 | +€66,515 | +203% |
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 18 October 2026 via checked.be.