ARTEXIS: 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.
ARTEXIS
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+37.7%), from €3.0m to €4.1m
- Receivables within one year -€76,318
no longer reported in 2025 (was €76,318)
of which Trade receivables: -€43,187
- Cash +€49,644
new in 2025: €49,644
mainly Other debts (+€1.1m) and Receivables within one year (+€76,318)
- Other debts +€1.1m
up €1.1m (+74.4%), from €1.5m to €2.7m
- Trade debts -€71,504
down €71,504 (-91.0%), from €78,539 to €7,035
- Gross operating margin -€100,397
down €100,397 (-64.2%), from €156,265 to €55,868
- Taxes -€43,452
down €43,452 (-81.8%), from €53,114 to €9,662
- Other operating charges -€5,930
down €5,930 (-86.0%), from €6,897 to €968
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 | €3,202,631 | €4,247,439 | +€1.0m | +32.6% |
| Fixed assets | 21/28 | €3,123,449 | €4,194,733 | +€1.1m | +34.3% |
| Tangible fixed assets | 22/27 | €173,146 | €133,578 | -€39,568 | -22.9% |
| Furniture and vehicles | 24 | €154,974 | €115,600 | -€39,375 | -25.4% |
| Other tangible fixed assets | 26 | €18,171 | €17,978 | -€193 | -1.1% |
| Financial fixed assets | 28 | €2,950,303 | €4,061,155 | +€1.1m | +37.7% |
| Current assets | 29/58 | €79,182 | €52,706 | -€26,476 | -33.4% |
| Amounts receivable within one year | 40/41 | €76,318 | - | -€76,318 | |
| Trade receivables | 40 | €43,187 | - | -€43,187 | |
| Other amounts receivable | 41 | €33,131 | - | -€33,131 | |
| Cash at bank and in hand | 54/58 | - | €49,644 | +€49,644 | |
| Deferred charges and accrued income | 490/1 | €2,863 | €3,061 | +€198 | +6.9% |
| Total equity and liabilities | 10/49 | €3,202,631 | €4,247,439 | +€1.0m | +32.6% |
| Equity | 10/15 | €1,558,529 | €1,559,415 | +€886 | +0.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | - | -€1.0m | |
| Issued capital | 100 | €1,000,000 | - | -€1.0m | |
| Profit (loss) carried forward | 14 | €558,529 | €559,415 | +€886 | +0.2% |
| Amounts payable | 17/49 | €1,644,102 | €2,688,024 | +€1.0m | +63.5% |
| Amounts payable within one year | 42/48 | €1,644,102 | €2,684,034 | +€1.0m | +63.3% |
| Financial debts | 43 | €1,858 | - | -€1,858 | |
| Credit institutions | 430/8 | €1,858 | - | -€1,858 | |
| Trade debts | 44 | €78,539 | €7,035 | -€71,504 | -91.0% |
| Suppliers | 440/4 | €78,539 | €7,035 | -€71,504 | -91.0% |
| Taxes, remuneration and social security | 45 | €38,291 | €16,807 | -€21,484 | -56.1% |
| Taxes | 450/3 | €38,291 | €16,807 | -€21,484 | -56.1% |
| Other amounts payable | 47/48 | €1,525,413 | €2,660,192 | +€1.1m | +74.4% |
| Accrued charges and deferred income | 492/3 | - | €3,990 | +€3,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,661 | €39,568 | +€907 | +2.3% |
| Other operating charges | 640/8 | €6,897 | €968 | -€5,930 | -86.0% |
| Gross operating margin | 9900 | €156,265 | €55,868 | -€100,397 | -64.2% |
| Operating profit (loss) | 9901 | €110,707 | €15,333 | -€95,374 | -86.2% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €4,568 | €4,785 | +€217 | +4.7% |
| Recurring financial charges | 65 | €4,568 | €4,785 | +€217 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €106,141 | €10,548 | -€95,593 | -90.1% |
| Income taxes | 67/77 | €53,114 | €9,662 | -€43,452 | -81.8% |
| Profit (loss) for the period | 9904 | €53,027 | €886 | -€52,140 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,027 | €886 | -€52,140 | -98.3% |
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 17 October 2026 via checked.be.