arteVelum: what changed
What changed
arteVelum
NACE 46.412, Wholesale of household textiles and bedding
filed annual accounts (NBB)
Net result for the year
-€166,443
2024 · -€66,143-€100,300
Equity
€68,649
2024 · €235,092-€166,443
Cash
€46,333
2024 · €25,796+€20,537
Balance sheet total
€1.7m
2024 · €924,047+€807,379
Largest movements
Assets
- Tangible fixed assets +€886,654
up €886,654 (+1,380%), from €64,244 to €950,898
of which Land and buildings: +€890,775
- Receivables within one year -€76,419
down €76,419 (-50.2%), from €152,220 to €75,800
of which Trade receivables: -€76,570
- Cash +€20,537
up €20,537 (+79.6%), from €25,796 to €46,333
mainly Debts after one year (+€575,025) and Other debts (+€350,512)
Equity and liabilities
- Debts after one year +€575,025
new in 2025: €575,025
- Other debts +€350,512
up €350,512 (+72.3%), from €485,013 to €835,525
- Profit (loss) carried forward -€166,443
down €166,443 (-52.5%), from -€316,812 to -€483,255
- Current portion of long-term debt +€38,892
up €38,892 (+51.9%), from €75,000 to €113,892
Income statement
- Gross operating margin -€99,659
down €99,659 (-20.3%), from €491,361 to €391,703
- Staff costs -€37,262
down €37,262 (-7.3%), from €508,519 to €471,257
- Depreciation +€25,100
up €25,100 (+77.7%), from €32,286 to €57,386
- Financial charges +€12,286
up €12,286 (+143%), from €8,572 to €20,857
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€66,143
Gross operating margin
-€99,659
Staff costs
+€37,262
Depreciation
-€25,100
Other operating charges
-€575
Financial income
-€193
Financial charges
-€12,286
Taxes
+€251
Result 2025
-€166,443
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€331,446
Investment
-€924,826
Financing
+€613,917
Cash 2024
€25,796
From operations (derived)
+€331,446
Net result for the year
-€166,443
Depreciation
+€57,386
Stocks and contracts
+€4,995
Receivables within one year
+€76,419
Deferred charges and accrued income
-€816
Trade debts
+€15,316
Tax, wage and social debts
-€5,923
Other debts
+€350,512
Investment (derived)
-€924,826
Investment in fixed assets (net)
-€924,826
Financing
+€613,917
Debts after one year
+€575,025
Current portion of long-term debt
+€38,892
Cash 2025
€46,333
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €924,047 | €1,731,426 | +€807,379 | +87.4% |
| Fixed assets | 21/28 | €491,676 | €1,359,116 | +€867,440 | +176% |
| Intangible fixed assets | 21 | €10,750 | €8,217 | -€2,533 | -23.6% |
| Tangible fixed assets | 22/27 | €64,244 | €950,898 | +€886,654 | +1,380% |
| Land and buildings | 22 | €47,190 | €937,965 | +€890,775 | +1,888% |
| Plant, machinery and equipment | 23 | €4,457 | €6,023 | +€1,566 | +35.1% |
| Furniture and vehicles | 24 | €8,661 | €1,163 | -€7,498 | -86.6% |
| Other tangible fixed assets | 26 | €3,936 | €5,747 | +€1,812 | +46.0% |
| Financial fixed assets | 28 | €416,681 | €400,000 | -€16,681 | -4.0% |
| Current assets | 29/58 | €432,371 | €372,310 | -€60,061 | -13.9% |
| Stocks and contracts in progress | 3 | €247,483 | €242,488 | -€4,995 | -2.0% |
| Stocks | 30/36 | €92,483 | €89,488 | -€2,995 | -3.2% |
| Contracts in progress | 37 | €155,000 | €153,000 | -€2,000 | -1.3% |
| Amounts receivable within one year | 40/41 | €152,220 | €75,800 | -€76,419 | -50.2% |
| Trade receivables | 40 | €152,220 | €75,650 | -€76,570 | -50.3% |
| Other amounts receivable | 41 | - | €151 | +€151 | |
| Cash at bank and in hand | 54/58 | €25,796 | €46,333 | +€20,537 | +79.6% |
| Deferred charges and accrued income | 490/1 | €6,872 | €7,688 | +€816 | +11.9% |
| Total equity and liabilities | 10/49 | €924,047 | €1,731,426 | +€807,379 | +87.4% |
| Equity | 10/15 | €235,092 | €68,649 | -€166,443 | -70.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €531,904 | €531,904 | = | 0.0% |
| Distributable reserves | 133 | €531,904 | €531,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,812 | -€483,255 | -€166,443 | -52.5% |
| Amounts payable | 17/49 | €688,955 | €1,662,777 | +€973,822 | +141% |
| Amounts payable after more than one year | 17 | - | €575,025 | +€575,025 | |
| Financial debts | 170/4 | - | €575,025 | +€575,025 | |
| Amounts payable within one year | 42/48 | €688,955 | €1,087,752 | +€398,797 | +57.9% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €113,892 | +€38,892 | +51.9% |
| Trade debts | 44 | €82,165 | €97,481 | +€15,316 | +18.6% |
| Suppliers | 440/4 | €82,165 | €97,481 | +€15,316 | +18.6% |
| Taxes, remuneration and social security | 45 | €46,777 | €40,854 | -€5,923 | -12.7% |
| Taxes | 450/3 | €17,088 | €11,951 | -€5,136 | -30.1% |
| Remuneration and social security | 454/9 | €29,689 | €28,903 | -€786 | -2.6% |
| Other amounts payable | 47/48 | €485,013 | €835,525 | +€350,512 | +72.3% |
| Remuneration, social security and pensions | 62 | €508,519 | €471,257 | -€37,262 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,286 | €57,386 | +€25,100 | +77.7% |
| Other operating charges | 640/8 | €7,775 | €8,349 | +€575 | +7.4% |
| Gross operating margin | 9900 | €491,361 | €391,703 | -€99,659 | -20.3% |
| Operating profit (loss) | 9901 | -€57,218 | -€145,289 | -€88,071 | -154% |
| Financial income | 75/76B | €315 | €122 | -€193 | -61.3% |
| Recurring financial income | 75 | €315 | €122 | -€193 | -61.3% |
| Financial charges | 65/66B | €8,572 | €20,857 | +€12,286 | +143% |
| Recurring financial charges | 65 | €8,572 | €20,857 | +€12,286 | +143% |
| Profit (loss) for the period before taxes | 9903 | -€65,474 | -€166,024 | -€100,550 | -154% |
| Income taxes | 67/77 | €669 | €419 | -€251 | -37.4% |
| Profit (loss) for the period | 9904 | -€66,143 | -€166,443 | -€100,300 | -152% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,143 | -€166,443 | -€100,300 | -152% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.