ARTEVA PARTNERS: 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.
ARTEVA PARTNERS
Largest movements
- Cash -€96,439
down €96,439 (-97.9%), from €98,515 to €2,076
mainly Trade debts (-€119,493) and Investment in fixed assets (net) (-€12,250)
- Financial fixed assets +€12,250
up €12,250 (+8.2%), from €148,750 to €161,000
- Trade debts -€119,493
down €119,493 (-99.6%), from €120,000 to €507
- Contributions +€30,000
up €30,000 (+100%), from €30,000 to €60,000
- Reserves +€5,138
up €5,138 (+5.7%), from €90,862 to €96,000
- Gross operating margin -€47,240
down €47,240 (-80.2%), from €58,878 to €11,638
- Taxes -€12,096
down €12,096 (-71.6%), from €16,892 to €4,795
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 | €248,243 | €163,623 | -€84,621 | -34.1% |
| Fixed assets | 21/28 | €149,636 | €161,338 | +€11,702 | +7.8% |
| Tangible fixed assets | 22/27 | €886 | €338 | -€548 | -61.9% |
| Furniture and vehicles | 24 | €886 | €338 | -€548 | -61.9% |
| Financial fixed assets | 28 | €148,750 | €161,000 | +€12,250 | +8.2% |
| Current assets | 29/58 | €98,608 | €2,285 | -€96,323 | -97.7% |
| Amounts receivable within one year | 40/41 | €93 | €209 | +€116 | +126% |
| Other amounts receivable | 41 | €93 | €209 | +€116 | +126% |
| Cash at bank and in hand | 54/58 | €98,515 | €2,076 | -€96,439 | -97.9% |
| Total equity and liabilities | 10/49 | €248,243 | €163,623 | -€84,621 | -34.1% |
| Equity | 10/15 | €120,862 | €156,000 | +€35,138 | +29.1% |
| Contributions | 10/11 | €30,000 | €60,000 | +€30,000 | +100% |
| Reserves | 13 | €90,862 | €96,000 | +€5,138 | +5.7% |
| Distributable reserves | 133 | €90,862 | €96,000 | +€5,138 | +5.7% |
| Amounts payable | 17/49 | €127,381 | €7,622 | -€119,759 | -94.0% |
| Amounts payable within one year | 42/48 | €126,981 | €7,222 | -€119,759 | -94.3% |
| Trade debts | 44 | €120,000 | €507 | -€119,493 | -99.6% |
| Suppliers | 440/4 | €120,000 | €507 | -€119,493 | -99.6% |
| Taxes, remuneration and social security | 45 | €6,953 | €6,687 | -€266 | -3.8% |
| Taxes | 450/3 | €6,953 | €6,687 | -€266 | -3.8% |
| Other amounts payable | 47/48 | €29 | €29 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €399 | €400 | +€0 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548 | €548 | = | 0.0% |
| Other operating charges | 640/8 | €399 | €400 | +€0 | +0.1% |
| Gross operating margin | 9900 | €58,878 | €11,638 | -€47,240 | -80.2% |
| Operating profit (loss) | 9901 | €57,931 | €10,690 | -€47,240 | -81.5% |
| Financial charges | 65/66B | €597 | €757 | +€160 | +26.7% |
| Recurring financial charges | 65 | €597 | €757 | +€160 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €57,333 | €9,933 | -€47,400 | -82.7% |
| Income taxes | 67/77 | €16,892 | €4,795 | -€12,096 | -71.6% |
| Profit (loss) for the period | 9904 | €40,442 | €5,138 | -€35,304 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,442 | €5,138 | -€35,304 | -87.3% |
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 17 October 2026 via checked.be.