ARTIFACTS: 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.
ARTIFACTS
Largest movements
- Cash +€30,565
up €30,565 (+36.1%), from €84,598 to €115,163
mainly Stocks and contracts (+€20,240) and Investment in fixed assets (net) (+€5,861)
- Stocks and contracts -€20,240
down €20,240 (-7.4%), from €273,125 to €252,885
- Financial fixed assets -€5,861
down €5,861 (-100%), from €5,861 to €0
- Receivables within one year -€4,778
down €4,778 (-58.8%), from €8,121 to €3,343
of which Other amounts receivable: -€3,121
- Profit (loss) carried forward +€5,734
up €5,734 (+8.6%), from €66,903 to €72,637
- Accrued charges and deferred income -€4,299
down €4,299 (-100%), from €4,299 to €0
- Trade debts -€4,080
down €4,080 (-25.4%), from €16,079 to €11,999
- Gross operating margin -€16,965
down €16,965 (-61.2%), from €27,733 to €10,768
- Financial charges -€14,539
down €14,539 (-97.2%), from €14,960 to €421
- Depreciation -€5,334
down €5,334 (-100%), from €5,334 to €0
- Taxes -€1,331
down €1,331 (-26.6%), from €5,000 to €3,669
- Other operating charges +€613
up €613 (+185%), from €331 to €945
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 | €371,906 | €371,507 | -€399 | -0.1% |
| Fixed assets | 21/28 | €5,861 | €0 | -€5,861 | -100% |
| Financial fixed assets | 28 | €5,861 | €0 | -€5,861 | -100% |
| Current assets | 29/58 | €366,044 | €371,507 | +€5,463 | +1.5% |
| Stocks and contracts in progress | 3 | €273,125 | €252,885 | -€20,240 | -7.4% |
| Stocks | 30/36 | €273,125 | €252,885 | -€20,240 | -7.4% |
| Amounts receivable within one year | 40/41 | €8,121 | €3,343 | -€4,778 | -58.8% |
| Trade receivables | 40 | €5,000 | €3,343 | -€1,657 | -33.1% |
| Other amounts receivable | 41 | €3,121 | €0 | -€3,121 | -100% |
| Cash at bank and in hand | 54/58 | €84,598 | €115,163 | +€30,565 | +36.1% |
| Deferred charges and accrued income | 490/1 | €201 | €116 | -€85 | -42.1% |
| Total equity and liabilities | 10/49 | €371,906 | €371,507 | -€399 | -0.1% |
| Equity | 10/15 | €205,365 | €211,099 | +€5,734 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €132,262 | €132,262 | = | 0.0% |
| Distributable reserves | 133 | €132,262 | €132,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,903 | €72,637 | +€5,734 | +8.6% |
| Amounts payable | 17/49 | €166,541 | €160,408 | -€6,132 | -3.7% |
| Amounts payable within one year | 42/48 | €162,242 | €160,408 | -€1,834 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €770 | €0 | -€770 | -100% |
| Trade debts | 44 | €16,079 | €11,999 | -€4,080 | -25.4% |
| Suppliers | 440/4 | €16,079 | €11,999 | -€4,080 | -25.4% |
| Taxes, remuneration and social security | 45 | €4,313 | €6,367 | +€2,054 | +47.6% |
| Taxes | 450/3 | €4,313 | €6,367 | +€2,054 | +47.6% |
| Other amounts payable | 47/48 | €141,080 | €142,042 | +€962 | +0.7% |
| Accrued charges and deferred income | 492/3 | €4,299 | €0 | -€4,299 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,334 | €0 | -€5,334 | -100% |
| Other operating charges | 640/8 | €331 | €945 | +€613 | +185% |
| Gross operating margin | 9900 | €27,733 | €10,768 | -€16,965 | -61.2% |
| Operating profit (loss) | 9901 | €22,068 | €9,824 | -€12,244 | -55.5% |
| Financial income | 75/76B | €368 | €0 | -€368 | -100% |
| Recurring financial income | 75 | €368 | €0 | -€368 | -100% |
| Financial charges | 65/66B | €14,960 | €421 | -€14,539 | -97.2% |
| Recurring financial charges | 65 | €14,960 | €421 | -€14,539 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €7,475 | €9,403 | +€1,927 | +25.8% |
| Income taxes | 67/77 | €5,000 | €3,669 | -€1,331 | -26.6% |
| Profit (loss) for the period | 9904 | €2,475 | €5,734 | +€3,259 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €2,475 | €5,734 | +€3,259 | +132% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.