ARTGLAS: 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.
ARTGLAS
Largest movements
- Receivables within one year +€38,919
up €38,919 (+764%), from €5,094 to €44,013
of which Other amounts receivable: +€42,546
- Receivables after one year -€38,325
down €38,325 (-100%), from €38,325 to €0
- Tangible fixed assets -€18,719
down €18,719 (-9.0%), from €208,204 to €189,485
of which Land and buildings: -€11,613
- Cash +€5,350
up €5,350 (+8.7%), from €61,355 to €66,705
mainly Receivables after one year (+€38,325) and Net result for the year (+€31,744)
- Reserves -€24,575
down €24,575 (-10.0%), from €245,503 to €220,928
- Other debts +€12,121
up €12,121 (+27.4%), from €44,198 to €56,319
- Tax, wage and social debts +€5,289
up €5,289 (+47.0%), from €11,256 to €16,545
- Current portion of long-term debt -€5,229
down €5,229 (-100%), from €5,229 to €0
- Trade debts -€4,022
down €4,022 (-50.6%), from €7,944 to €3,922
- Gross operating margin +€7,234
up €7,234 (+10.3%), from €70,062 to €77,296
- Taxes +€1,556
up €1,556 (+10.8%), from €14,415 to €15,971
- Depreciation +€1,450
up €1,450 (+6.5%), from €22,351 to €23,801
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 | €314,730 | €301,686 | -€13,044 | -4.1% |
| Fixed assets | 21/28 | €208,204 | €189,485 | -€18,719 | -9.0% |
| Tangible fixed assets | 22/27 | €208,204 | €189,485 | -€18,719 | -9.0% |
| Land and buildings | 22 | €191,833 | €180,221 | -€11,613 | -6.1% |
| Plant, machinery and equipment | 23 | €2,927 | €350 | -€2,577 | -88.0% |
| Furniture and vehicles | 24 | €13,444 | €8,914 | -€4,530 | -33.7% |
| Current assets | 29/58 | €106,526 | €112,201 | +€5,675 | +5.3% |
| Amounts receivable after more than one year | 29 | €38,325 | €0 | -€38,325 | -100% |
| Other amounts receivable | 291 | €38,325 | €0 | -€38,325 | -100% |
| Amounts receivable within one year | 40/41 | €5,094 | €44,013 | +€38,919 | +764% |
| Trade receivables | 40 | €4,025 | €398 | -€3,627 | -90.1% |
| Other amounts receivable | 41 | €1,068 | €43,615 | +€42,546 | +3,982% |
| Cash at bank and in hand | 54/58 | €61,355 | €66,705 | +€5,350 | +8.7% |
| Deferred charges and accrued income | 490/1 | €1,753 | €1,484 | -€269 | -15.3% |
| Total equity and liabilities | 10/49 | €314,730 | €301,686 | -€13,044 | -4.1% |
| Equity | 10/15 | €246,103 | €221,528 | -€24,575 | -10.0% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €245,503 | €220,928 | -€24,575 | -10.0% |
| Distributable reserves | 133 | €245,503 | €220,928 | -€24,575 | -10.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,627 | €80,158 | +€11,531 | +16.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €68,627 | €80,158 | +€11,531 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €5,229 | €0 | -€5,229 | -100% |
| Financial debts | 43 | - | €3,372 | +€3,372 | |
| Credit institutions | 430/8 | - | €3,372 | +€3,372 | |
| Trade debts | 44 | €7,944 | €3,922 | -€4,022 | -50.6% |
| Suppliers | 440/4 | €7,944 | €3,922 | -€4,022 | -50.6% |
| Taxes, remuneration and social security | 45 | €11,256 | €16,545 | +€5,289 | +47.0% |
| Taxes | 450/3 | €11,256 | €16,545 | +€5,289 | +47.0% |
| Other amounts payable | 47/48 | €44,198 | €56,319 | +€12,121 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,351 | €23,801 | +€1,450 | +6.5% |
| Other operating charges | 640/8 | €4,504 | €4,498 | -€5 | -0.1% |
| Gross operating margin | 9900 | €70,062 | €77,296 | +€7,234 | +10.3% |
| Operating profit (loss) | 9901 | €43,208 | €48,997 | +€5,790 | +13.4% |
| Financial income | 75/76B | €100 | €369 | +€269 | +269% |
| Recurring financial income | 75 | €100 | €369 | +€269 | +269% |
| Financial charges | 65/66B | €1,148 | €1,652 | +€504 | +43.9% |
| Recurring financial charges | 65 | €1,148 | €1,652 | +€504 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €42,160 | €47,715 | +€5,555 | +13.2% |
| Income taxes | 67/77 | €14,415 | €15,971 | +€1,556 | +10.8% |
| Profit (loss) for the period | 9904 | €27,745 | €31,744 | +€3,999 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,745 | €31,744 | +€3,999 | +14.4% |
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 19 October 2026 via checked.be.