ARTICO DESIGN: 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.
ARTICO DESIGN
Largest movements
- Receivables within one year -€91,557
down €91,557 (-73.6%), from €124,368 to €32,811
of which Other amounts receivable: -€93,563
- Cash -€8,833
down €8,833 (-51.7%), from €17,091 to €8,259
mainly Contributions, distributions and other (-€88,063) and Short-term financial debts (-€8,028)
- Tangible fixed assets -€5,599
down €5,599 (-36.2%), from €15,460 to €9,861
of which Plant, machinery and equipment: -€4,980
- Stocks and contracts +€2,931
up €2,931 (+14.0%), from €20,913 to €23,843
- Reserves -€89,111
down €89,111 (-87.2%), from €102,236 to €13,126
- Short-term financial debts -€8,028
down €8,028 (-100%), from €8,028 to €0
of which Credit institutions: -€8,028
- Debts after one year -€5,773
down €5,773 (-83.0%), from €6,953 to €1,181
- Other debts +€5,462
up €5,462 (+20.2%), from €27,000 to €32,462
- Tax, wage and social debts -€5,266
down €5,266 (-50.8%), from €10,372 to €5,106
of which Taxes: -€10,372
- Staff costs +€46,384
up €46,384 (+326%), from €14,245 to €60,629
- Gross operating margin +€23,854
up €23,854 (+53.7%), from €44,380 to €68,233
- Taxes -€4,994
down €4,994 (-99.5%), from €5,018 to €23
- Other operating charges -€1,654
down €1,654 (-52.5%), from €3,150 to €1,496
- Financial charges -€1,248
down €1,248 (-37.5%), from €3,332 to €2,084
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 | €177,832 | €74,774 | -€103,058 | -58.0% |
| Fixed assets | 21/28 | €15,460 | €9,861 | -€5,599 | -36.2% |
| Tangible fixed assets | 22/27 | €15,460 | €9,861 | -€5,599 | -36.2% |
| Plant, machinery and equipment | 23 | €14,841 | €9,861 | -€4,980 | -33.6% |
| Furniture and vehicles | 24 | €620 | €0 | -€620 | -100% |
| Current assets | 29/58 | €162,372 | €64,913 | -€97,459 | -60.0% |
| Stocks and contracts in progress | 3 | €20,913 | €23,843 | +€2,931 | +14.0% |
| Stocks | 30/36 | €20,913 | €23,843 | +€2,931 | +14.0% |
| Amounts receivable within one year | 40/41 | €124,368 | €32,811 | -€91,557 | -73.6% |
| Trade receivables | 40 | €17,816 | €19,823 | +€2,006 | +11.3% |
| Other amounts receivable | 41 | €106,552 | €12,989 | -€93,563 | -87.8% |
| Cash at bank and in hand | 54/58 | €17,091 | €8,259 | -€8,833 | -51.7% |
| Total equity and liabilities | 10/49 | €177,832 | €74,774 | -€103,058 | -58.0% |
| Equity | 10/15 | €103,236 | €14,126 | -€89,111 | -86.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €102,236 | €13,126 | -€89,111 | -87.2% |
| Distributable reserves | 133 | €102,236 | €13,126 | -€89,111 | -87.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €74,596 | €60,649 | -€13,947 | -18.7% |
| Amounts payable after more than one year | 17 | €6,953 | €1,181 | -€5,773 | -83.0% |
| Financial debts | 170/4 | €6,953 | €1,181 | -€5,773 | -83.0% |
| Amounts payable within one year | 42/48 | €67,643 | €59,468 | -€8,175 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €10,694 | €5,773 | -€4,922 | -46.0% |
| Financial debts | 43 | €8,028 | €0 | -€8,028 | -100% |
| Credit institutions | 430/8 | €8,028 | - | -€8,028 | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €11,549 | €16,128 | +€4,579 | +39.7% |
| Suppliers | 440/4 | €11,549 | €16,128 | +€4,579 | +39.7% |
| Taxes, remuneration and social security | 45 | €10,372 | €5,106 | -€5,266 | -50.8% |
| Taxes | 450/3 | €10,372 | €0 | -€10,372 | -100% |
| Remuneration and social security | 454/9 | - | €5,106 | +€5,106 | |
| Other amounts payable | 47/48 | €27,000 | €32,462 | +€5,462 | +20.2% |
| Remuneration, social security and pensions | 62 | €14,245 | €60,629 | +€46,384 | +326% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,461 | €5,599 | +€1,138 | +25.5% |
| Other operating charges | 640/8 | €3,150 | €1,496 | -€1,654 | -52.5% |
| Gross operating margin | 9900 | €44,380 | €68,233 | +€23,854 | +53.7% |
| Operating profit (loss) | 9901 | €22,523 | €510 | -€22,014 | -97.7% |
| Financial income | 75/76B | - | €550 | +€550 | |
| Recurring financial income | 75 | - | €550 | +€550 | |
| Financial charges | 65/66B | €3,332 | €2,084 | -€1,248 | -37.5% |
| Recurring financial charges | 65 | €3,332 | €2,084 | -€1,248 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €19,191 | -€1,025 | -€20,216 | |
| Income taxes | 67/77 | €5,018 | €23 | -€4,994 | -99.5% |
| Profit (loss) for the period | 9904 | €14,174 | -€1,048 | -€15,222 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,174 | -€1,048 | -€15,222 |
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 26 October 2026 via checked.be.