ARTICHAUFFE: 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.
ARTICHAUFFE
Largest movements
- Cash -€33,637
down €33,637 (-66.2%), from €50,847 to €17,210
mainly Trade debts (-€40,960) and Stocks and contracts (-€23,122)
- Stocks and contracts +€23,122
new in 2025: €23,122
- Deferred charges and accrued income +€9,044
up €9,044 (+329%), from €2,746 to €11,791
- Tangible fixed assets +€6,319
up €6,319 (+17.2%), from €36,795 to €43,114
of which Other tangible fixed assets: +€13,014
- Reserves +€79,000
up €79,000 (+184%), from €43,000 to €122,000
- Trade debts -€40,960
down €40,960 (-92.8%), from €44,149 to €3,190
- Current portion of long-term debt -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Tax, wage and social debts -€13,056
down €13,056 (-75.6%), from €17,269 to €4,212
of which Taxes: -€13,841
- Gross operating margin +€27,456
up €27,456 (+23.7%), from €115,971 to €143,426
- Taxes +€6,550
up €6,550 (+33.5%), from €19,531 to €26,081
- Staff costs +€3,813
up €3,813 (+18.7%), from €20,377 to €24,190
- Financial charges +€3,596
up €3,596 (+232%), from €1,549 to €5,144
- Depreciation +€1,594
up €1,594 (+18.3%), from €8,727 to €10,321
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 | €169,662 | €174,634 | +€4,972 | +2.9% |
| Fixed assets | 21/28 | €38,168 | €44,021 | +€5,852 | +15.3% |
| Intangible fixed assets | 21 | €1,373 | €907 | -€467 | -34.0% |
| Tangible fixed assets | 22/27 | €36,795 | €43,114 | +€6,319 | +17.2% |
| Plant, machinery and equipment | 23 | €6,903 | €4,125 | -€2,778 | -40.2% |
| Furniture and vehicles | 24 | €9,304 | €5,386 | -€3,918 | -42.1% |
| Other tangible fixed assets | 26 | €20,588 | €33,603 | +€13,014 | +63.2% |
| Current assets | 29/58 | €131,494 | €130,614 | -€880 | -0.7% |
| Stocks and contracts in progress | 3 | - | €23,122 | +€23,122 | |
| Stocks | 30/36 | - | €23,122 | +€23,122 | |
| Amounts receivable within one year | 40/41 | €77,844 | €78,423 | +€579 | +0.7% |
| Trade receivables | 40 | €33,335 | €21,736 | -€11,599 | -34.8% |
| Other amounts receivable | 41 | €44,509 | €56,687 | +€12,178 | +27.4% |
| Current investments | 50/53 | €56 | €68 | +€11 | +20.1% |
| Cash at bank and in hand | 54/58 | €50,847 | €17,210 | -€33,637 | -66.2% |
| Deferred charges and accrued income | 490/1 | €2,746 | €11,791 | +€9,044 | +329% |
| Total equity and liabilities | 10/49 | €169,662 | €174,634 | +€4,972 | +2.9% |
| Equity | 10/15 | €43,982 | €122,953 | +€78,971 | +180% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €43,000 | €122,000 | +€79,000 | +184% |
| Distributable reserves | 133 | €43,000 | €122,000 | +€79,000 | +184% |
| Profit (loss) carried forward | 14 | €882 | €853 | -€29 | -3.3% |
| Amounts payable | 17/49 | €125,680 | €51,681 | -€73,999 | -58.9% |
| Amounts payable within one year | 42/48 | €125,680 | €51,681 | -€73,999 | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Trade debts | 44 | €44,149 | €3,190 | -€40,960 | -92.8% |
| Suppliers | 440/4 | €44,149 | €3,190 | -€40,960 | -92.8% |
| Taxes, remuneration and social security | 45 | €17,269 | €4,212 | -€13,056 | -75.6% |
| Taxes | 450/3 | €13,841 | - | -€13,841 | |
| Remuneration and social security | 454/9 | €3,428 | €4,212 | +€785 | +22.9% |
| Other amounts payable | 47/48 | €4,262 | €4,279 | +€17 | +0.4% |
| Remuneration, social security and pensions | 62 | €20,377 | €24,190 | +€3,813 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,727 | €10,321 | +€1,594 | +18.3% |
| Other operating charges | 640/8 | €1,156 | €715 | -€441 | -38.2% |
| Gross operating margin | 9900 | €115,971 | €143,426 | +€27,456 | +23.7% |
| Operating profit (loss) | 9901 | €85,710 | €108,200 | +€22,489 | +26.2% |
| Financial income | 75/76B | €2,463 | €1,996 | -€467 | -19.0% |
| Recurring financial income | 75 | €2,463 | €1,996 | -€467 | -19.0% |
| Financial charges | 65/66B | €1,549 | €5,144 | +€3,596 | +232% |
| Recurring financial charges | 65 | €1,549 | €5,144 | +€3,596 | +232% |
| Profit (loss) for the period before taxes | 9903 | €86,625 | €105,052 | +€18,427 | +21.3% |
| Income taxes | 67/77 | €19,531 | €26,081 | +€6,550 | +33.5% |
| Profit (loss) for the period | 9904 | €67,094 | €78,971 | +€11,877 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,094 | €78,971 | +€11,877 | +17.7% |
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 28 October 2026 via checked.be.