ARTICA: 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.
ARTICA
Largest movements
- Tangible fixed assets +€140,110
up €140,110 (+58.4%), from €239,741 to €379,852
of which Land and buildings: +€142,719
- Current investments -€139,412
no longer reported in 2024 (was €139,412)
- Cash -€45,825
down €45,825 (-65.1%), from €70,412 to €24,587
mainly Investment in fixed assets (net) (-€176,500) and Net result for the year (-€173,318)
- Financial fixed assets +€13,300
new in 2024: €13,300
- Receivables after one year +€13,300
new in 2024: €13,300
- Reserves -€233,997
down €233,997 (-96.7%), from €241,947 to €7,950
of which Distributable reserves: -€233,997
- Revaluation surpluses +€163,200
new in 2024: €163,200
- Profit (loss) carried forward +€60,678
up €60,678 (+50.2%), from -€120,815 to -€60,137
- Debts after one year +€17,617
up €17,617 (+7.6%), from €232,983 to €250,601
- Other debts -€13,089
no longer reported in 2024 (was €13,089)
- Financial charges +€130,959
up €130,959 (+13030.9%), from €1,005 to €131,964
of which Non-recurring financial charges: +€131,014
- Write-downs -€37,963
down €37,963 (-92.8%), from €40,900 to €2,938
- Gross operating margin +€37,884
up €37,884 (+332.3%), from €11,402 to €49,285
- Staff costs -€6,921
down €6,921 (-10.4%), from €66,646 to €59,724
- Other operating charges +€4,888
new in 2024: €4,888
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €479,839 | €471,334 | -€8,505 | -1.8% |
| Fixed assets | 21/28 | €239,741 | €393,152 | +€153,410 | +64.0% |
| Tangible fixed assets | 22/27 | €239,741 | €379,852 | +€140,110 | +58.4% |
| Land and buildings | 22 | €228,458 | €371,177 | +€142,719 | +62.5% |
| Plant, machinery and equipment | 23 | €4,600 | €4,094 | -€506 | -11.0% |
| Furniture and vehicles | 24 | €6,683 | €4,580 | -€2,103 | -31.5% |
| Financial fixed assets | 28 | - | €13,300 | +€13,300 | |
| Current assets | 29/58 | €240,098 | €78,182 | -€161,916 | -67.4% |
| Amounts receivable after more than one year | 29 | - | €13,300 | +€13,300 | |
| Trade receivables | 290 | - | €13,300 | +€13,300 | |
| Amounts receivable within one year | 40/41 | €29,807 | €38,743 | +€8,936 | +30.0% |
| Trade receivables | 40 | €26,195 | €37,988 | +€11,792 | +45.0% |
| Other amounts receivable | 41 | €3,611 | €755 | -€2,856 | -79.1% |
| Current investments | 50/53 | €139,412 | - | -€139,412 | |
| Cash at bank and in hand | 54/58 | €70,412 | €24,587 | -€45,825 | -65.1% |
| Deferred charges and accrued income | 490/1 | €466 | €1,552 | +€1,086 | +232.8% |
| Total equity and liabilities | 10/49 | €479,839 | €471,334 | -€8,505 | -1.8% |
| Equity | 10/15 | €200,631 | €190,513 | -€10,118 | -5.0% |
| Contributions | 10/11 | €79,500 | €79,500 | = | 0.0% |
| Capital | 10 | €79,500 | €79,500 | = | 0.0% |
| Issued capital | 100 | €79,500 | €79,500 | = | 0.0% |
| Revaluation surpluses | 12 | - | €163,200 | +€163,200 | |
| Reserves | 13 | €241,947 | €7,950 | -€233,997 | -96.7% |
| Non-distributable reserves | 130/1 | €7,950 | €7,950 | = | 0.0% |
| Legal reserve | 130 | €7,950 | €7,950 | = | 0.0% |
| Distributable reserves | 133 | €233,997 | - | -€233,997 | |
| Profit (loss) carried forward | 14 | -€120,815 | -€60,137 | +€60,678 | +50.2% |
| Amounts payable | 17/49 | €279,208 | €280,821 | +€1,613 | +0.6% |
| Amounts payable after more than one year | 17 | €232,983 | €250,601 | +€17,617 | +7.6% |
| Financial debts | 170/4 | €232,983 | €250,601 | +€17,617 | +7.6% |
| Amounts payable within one year | 42/48 | €46,224 | €30,220 | -€16,004 | -34.6% |
| Trade debts | 44 | €21,124 | €18,573 | -€2,552 | -12.1% |
| Suppliers | 440/4 | €21,124 | €18,573 | -€2,552 | -12.1% |
| Taxes, remuneration and social security | 45 | €12,011 | €11,647 | -€363 | -3.0% |
| Taxes | 450/3 | €4,355 | €3,968 | -€387 | -8.9% |
| Remuneration and social security | 454/9 | €7,656 | €7,679 | +€24 | +0.3% |
| Other amounts payable | 47/48 | €13,089 | - | -€13,089 | |
| Non-recurring operating income | 76A | €199 | €1,552 | +€1,353 | +679.7% |
| Remuneration, social security and pensions | 62 | €66,646 | €59,724 | -€6,921 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,878 | €23,090 | -€789 | -3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,900 | €2,938 | -€37,963 | -92.8% |
| Other operating charges | 640/8 | - | €4,888 | +€4,888 | |
| Gross operating margin | 9900 | €11,402 | €49,285 | +€37,884 | +332.3% |
| Operating profit (loss) | 9901 | -€120,022 | -€41,354 | +€78,668 | +65.5% |
| Financial income | 75/76B | €212 | €0 | -€211 | -99.8% |
| Recurring financial income | 75 | €212 | €0 | -€211 | -99.8% |
| Financial charges | 65/66B | €1,005 | €131,964 | +€130,959 | +13030.9% |
| Recurring financial charges | 65 | €1,005 | €950 | -€55 | -5.5% |
| Non-recurring financial charges | 66B | - | €131,014 | +€131,014 | |
| Profit (loss) for the period before taxes | 9903 | -€120,815 | -€173,318 | -€52,503 | -43.5% |
| Profit (loss) for the period | 9904 | -€120,815 | -€173,318 | -€52,503 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,815 | -€173,318 | -€52,503 | -43.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.