Artiér: 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.
Artiér
Largest movements
- Financial fixed assets -€330,622
down €330,622 (-44.9%), from €736,529 to €405,907
- Tangible fixed assets -€289,996
down €289,996 (-38.5%), from €752,444 to €462,448
- Receivables within one year +€126,428
up €126,428 (+298%), from €42,421 to €168,849
of which Trade receivables: +€156,337
- Stocks and contracts -€82,576
down €82,576 (-3.7%), from €2.3m to €2.2m
- Debts after one year -€360,839
down €360,839 (-29.4%), from €1.2m to €867,089
- Current portion of long-term debt -€175,091
down €175,091 (-14.4%), from €1.2m to €1.0m
- Trade debts +€50,012
up €50,012 (+478%), from €10,452 to €60,465
- Financial charges -€19,213
down €19,213 (-29.3%), from €65,483 to €46,270
- Financial income -€10,455
down €10,455 (-100.0%), from €10,455 to €0
- Other operating charges -€9,295
down €9,295 (-85.0%), from €10,932 to €1,637
- Gross operating margin +€2,748
up €2,748 (+7.2%), from €38,288 to €41,036
- Depreciation -€2,465
down €2,465 (-11.6%), from €21,225 to €18,760
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 | €3,785,822 | €3,238,357 | -€547,465 | -14.5% |
| Fixed assets | 21/28 | €1,488,973 | €868,355 | -€620,618 | -41.7% |
| Tangible fixed assets | 22/27 | €752,444 | €462,448 | -€289,996 | -38.5% |
| Land and buildings | 22 | €752,444 | €462,448 | -€289,996 | -38.5% |
| Financial fixed assets | 28 | €736,529 | €405,907 | -€330,622 | -44.9% |
| Current assets | 29/58 | €2,296,849 | €2,370,002 | +€73,153 | +3.2% |
| Stocks and contracts in progress | 3 | €2,254,068 | €2,171,492 | -€82,576 | -3.7% |
| Stocks | 30/36 | €2,254,068 | €2,171,492 | -€82,576 | -3.7% |
| Amounts receivable within one year | 40/41 | €42,421 | €168,849 | +€126,428 | +298% |
| Trade receivables | 40 | €2,513 | €158,849 | +€156,337 | +6,222% |
| Other amounts receivable | 41 | €39,909 | €10,000 | -€29,909 | -74.9% |
| Cash at bank and in hand | 54/58 | €23 | €29,310 | +€29,287 | +129,416% |
| Deferred charges and accrued income | 490/1 | €337 | €352 | +€14 | +4.3% |
| Total equity and liabilities | 10/49 | €3,785,822 | €3,238,357 | -€547,465 | -14.5% |
| Equity | 10/15 | €968,280 | €930,530 | -€37,750 | -3.9% |
| Contributions | 10/11 | €216,600 | €216,600 | = | 0.0% |
| Reserves | 13 | €817,699 | €817,699 | = | 0.0% |
| Distributable reserves | 133 | €817,699 | €817,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,019 | -€103,769 | -€37,750 | -57.2% |
| Amounts payable | 17/49 | €2,817,542 | €2,307,826 | -€509,715 | -18.1% |
| Amounts payable after more than one year | 17 | €1,227,928 | €867,089 | -€360,839 | -29.4% |
| Financial debts | 170/4 | €1,227,928 | €867,089 | -€360,839 | -29.4% |
| Amounts payable within one year | 42/48 | €1,569,727 | €1,429,508 | -€140,219 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €1,211,897 | €1,036,806 | -€175,091 | -14.4% |
| Financial debts | 43 | €137,036 | €125,992 | -€11,044 | -8.1% |
| Credit institutions | 430/8 | €137,036 | €125,992 | -€11,044 | -8.1% |
| Trade debts | 44 | €10,452 | €60,465 | +€50,012 | +478% |
| Suppliers | 440/4 | €10,452 | €60,465 | +€50,012 | +478% |
| Taxes, remuneration and social security | 45 | €3,632 | €1,405 | -€2,226 | -61.3% |
| Taxes | 450/3 | €3,632 | €1,405 | -€2,226 | -61.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €206,710 | €204,840 | -€1,870 | -0.9% |
| Accrued charges and deferred income | 492/3 | €19,887 | €11,229 | -€8,658 | -43.5% |
| Non-recurring operating income | 76A | €371,187 | €1,332 | -€369,855 | -99.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,225 | €18,760 | -€2,465 | -11.6% |
| Other operating charges | 640/8 | €10,932 | €1,637 | -€9,295 | -85.0% |
| Non-recurring operating charges | 66A | €1,781 | €12,119 | +€10,339 | +581% |
| Gross operating margin | 9900 | €38,288 | €41,036 | +€2,748 | +7.2% |
| Operating profit (loss) | 9901 | €4,351 | €8,520 | +€4,169 | +95.8% |
| Financial income | 75/76B | €10,455 | €0 | -€10,455 | -100.0% |
| Recurring financial income | 75 | €10,455 | €0 | -€10,455 | -100.0% |
| Financial charges | 65/66B | €65,483 | €46,270 | -€19,213 | -29.3% |
| Recurring financial charges | 65 | €65,483 | €46,270 | -€19,213 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€50,677 | -€37,750 | +€12,927 | +25.5% |
| Income taxes | 67/77 | €170 | €0 | -€170 | -100% |
| Profit (loss) for the period | 9904 | -€50,847 | -€37,750 | +€13,097 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,847 | -€37,750 | +€13,097 | +25.8% |
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 15 October 2026 via checked.be.