ARTIC PAINT: 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 PAINT
Largest movements
- Receivables within one year -€44,802
down €44,802 (-42.5%), from €105,369 to €60,567
of which Trade receivables: -€37,555
- Cash +€9,621
up €9,621 (+8.7%), from €110,779 to €120,400
mainly Receivables within one year (+€44,802) and Net result for the year (+€4,083)
- Tangible fixed assets -€2,358
down €2,358 (-59.2%), from €3,984 to €1,627
- Reserves -€31,211
down €31,211 (-20.3%), from €153,616 to €122,406
- Other debts -€3,895
down €3,895 (-9.6%), from €40,412 to €36,517
- Gross operating margin -€42,438
down €42,438 (-79.3%), from €53,496 to €11,057
- Depreciation -€2,002
down €2,002 (-45.9%), from €4,360 to €2,358
- Taxes -€1,907
down €1,907 (-44.6%), from €4,279 to €2,373
- Financial charges +€1,828
up €1,828 (+538%), from €340 to €2,168
- Financial income -€1,090
down €1,090 (-56.8%), from €1,919 to €828
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 | €231,099 | €194,968 | -€36,131 | -15.6% |
| Fixed assets | 21/28 | €3,984 | €1,627 | -€2,358 | -59.2% |
| Tangible fixed assets | 22/27 | €3,984 | €1,627 | -€2,358 | -59.2% |
| Land and buildings | 22 | €724 | €0 | -€724 | -100% |
| Plant, machinery and equipment | 23 | €2,111 | €1,030 | -€1,082 | -51.2% |
| Furniture and vehicles | 24 | €1,149 | €597 | -€552 | -48.0% |
| Current assets | 29/58 | €227,115 | €193,342 | -€33,773 | -14.9% |
| Stocks and contracts in progress | 3 | €8,072 | €8,072 | = | 0.0% |
| Stocks | 30/36 | €8,072 | €8,072 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,369 | €60,567 | -€44,802 | -42.5% |
| Trade receivables | 40 | €79,318 | €41,763 | -€37,555 | -47.3% |
| Other amounts receivable | 41 | €26,051 | €18,804 | -€7,247 | -27.8% |
| Cash at bank and in hand | 54/58 | €110,779 | €120,400 | +€9,621 | +8.7% |
| Deferred charges and accrued income | 490/1 | €2,895 | €4,303 | +€1,408 | +48.6% |
| Total equity and liabilities | 10/49 | €231,099 | €194,968 | -€36,131 | -15.6% |
| Equity | 10/15 | €172,216 | €141,006 | -€31,211 | -18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,616 | €122,406 | -€31,211 | -20.3% |
| Distributable reserves | 133 | €153,616 | €122,406 | -€31,211 | -20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,883 | €53,963 | -€4,920 | -8.4% |
| Amounts payable within one year | 42/48 | €58,883 | €52,763 | -€6,120 | -10.4% |
| Trade debts | 44 | €18,471 | €16,246 | -€2,226 | -12.0% |
| Suppliers | 440/4 | €18,471 | €16,246 | -€2,226 | -12.0% |
| Other amounts payable | 47/48 | €40,412 | €36,517 | -€3,895 | -9.6% |
| Accrued charges and deferred income | 492/3 | €0 | €1,200 | +€1,200 | |
| Non-recurring operating income | 76A | €431 | €17,355 | +€16,924 | +3,927% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,360 | €2,358 | -€2,002 | -45.9% |
| Other operating charges | 640/8 | €1,142 | €903 | -€238 | -20.9% |
| Gross operating margin | 9900 | €53,496 | €11,057 | -€42,438 | -79.3% |
| Operating profit (loss) | 9901 | €47,994 | €7,796 | -€40,198 | -83.8% |
| Financial income | 75/76B | €1,919 | €828 | -€1,090 | -56.8% |
| Recurring financial income | 75 | €1,919 | €828 | -€1,090 | -56.8% |
| Financial charges | 65/66B | €340 | €2,168 | +€1,828 | +538% |
| Recurring financial charges | 65 | €340 | €2,168 | +€1,828 | +538% |
| Profit (loss) for the period before taxes | 9903 | €49,573 | €6,456 | -€43,117 | -87.0% |
| Income taxes | 67/77 | €4,279 | €2,373 | -€1,907 | -44.6% |
| Profit (loss) for the period | 9904 | €45,294 | €4,083 | -€41,210 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,294 | €4,083 | -€41,210 | -91.0% |
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.