ARTIC: 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.
ARTIC
Largest movements
- Current investments -€350,000
down €350,000 (-100%), from €350,000 to €0
- Deferred charges and accrued income +€55,140
up €55,140 (+1,032%), from €5,341 to €60,482
- Tangible fixed assets -€22,739
down €22,739 (-78.8%), from €28,852 to €6,113
of which Furniture and vehicles: -€22,228
- Receivables within one year -€13,583
down €13,583 (-18.2%), from €74,759 to €61,175
- Other debts -€247,140
down €247,140 (-49.4%), from €500,000 to €252,860
- Tax, wage and social debts -€71,654
down €71,654 (-100%), from €71,654 to €0
- Gross operating margin +€403,471
up €403,471 (+487%), from €82,922 to €486,392
- Financial income -€395,674
down €395,674 (-87.5%), from €451,997 to €56,323
of which Non-recurring financial income: -€440,579
- Taxes +€110,415
up €110,415 (+519%), from €21,281 to €131,695
- Depreciation -€7,593
down €7,593 (-78.2%), from €9,709 to €2,116
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 | €1,098,714 | €771,198 | -€327,517 | -29.8% |
| Fixed assets | 21/28 | €604,296 | €581,556 | -€22,740 | -3.8% |
| Tangible fixed assets | 22/27 | €28,852 | €6,113 | -€22,739 | -78.8% |
| Furniture and vehicles | 24 | €24,516 | €2,288 | -€22,228 | -90.7% |
| Other tangible fixed assets | 26 | €4,336 | €3,825 | -€511 | -11.8% |
| Financial fixed assets | 28 | €575,443 | €575,442 | -€1 | 0.0% |
| Current assets | 29/58 | €494,419 | €189,642 | -€304,777 | -61.6% |
| Amounts receivable within one year | 40/41 | €74,759 | €61,175 | -€13,583 | -18.2% |
| Other amounts receivable | 41 | €74,759 | €61,175 | -€13,583 | -18.2% |
| Current investments | 50/53 | €350,000 | €0 | -€350,000 | -100% |
| Cash at bank and in hand | 54/58 | €64,319 | €67,985 | +€3,666 | +5.7% |
| Deferred charges and accrued income | 490/1 | €5,341 | €60,482 | +€55,140 | +1,032% |
| Total equity and liabilities | 10/49 | €1,098,714 | €771,198 | -€327,517 | -29.8% |
| Equity | 10/15 | €456,783 | €456,783 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €453,783 | €453,783 | = | 0.0% |
| Amounts payable | 17/49 | €641,931 | €314,414 | -€327,517 | -51.0% |
| Amounts payable after more than one year | 17 | €57,434 | €46,597 | -€10,837 | -18.9% |
| Financial debts | 170/4 | €57,434 | €46,597 | -€10,837 | -18.9% |
| Amounts payable within one year | 42/48 | €584,497 | €267,817 | -€316,680 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €10,707 | €10,837 | +€131 | +1.2% |
| Trade debts | 44 | €2,136 | €4,120 | +€1,984 | +92.9% |
| Suppliers | 440/4 | €2,136 | €4,120 | +€1,984 | +92.9% |
| Taxes, remuneration and social security | 45 | €71,654 | €0 | -€71,654 | -100% |
| Taxes | 450/3 | €71,654 | €0 | -€71,654 | -100% |
| Other amounts payable | 47/48 | €500,000 | €252,860 | -€247,140 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,709 | €2,116 | -€7,593 | -78.2% |
| Other operating charges | 640/8 | €905 | €4,446 | +€3,541 | +391% |
| Gross operating margin | 9900 | €82,922 | €486,392 | +€403,471 | +487% |
| Operating profit (loss) | 9901 | €72,308 | €479,830 | +€407,522 | +564% |
| Financial income | 75/76B | €451,997 | €56,323 | -€395,674 | -87.5% |
| Recurring financial income | 75 | €11,418 | €56,323 | +€44,905 | +393% |
| Non-recurring financial income | 76B | €440,579 | €0 | -€440,579 | -100% |
| Financial charges | 65/66B | €1,082 | €2,178 | +€1,096 | +101% |
| Recurring financial charges | 65 | €1,082 | €2,178 | +€1,096 | +101% |
| Profit (loss) for the period before taxes | 9903 | €523,224 | €533,976 | +€10,752 | +2.1% |
| Income taxes | 67/77 | €21,281 | €131,695 | +€110,415 | +519% |
| Profit (loss) for the period | 9904 | €501,943 | €402,281 | -€99,662 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €501,943 | €402,281 | -€99,662 | -19.9% |
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 20 October 2026 via checked.be.