Artifacts Belgium: 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 Belgium
Largest movements
- Receivables within one year +€41,225
up €41,225 (+208,206%), from €20 to €41,245
of which Other amounts receivable: +€28,505
- Cash +€7,490
up €7,490 (+36.0%), from €20,784 to €28,274
mainly Net result for the year (+€47,490) and Trade debts (+€14,023)
- Reserves +€47,490
up €47,490 (+2,481%), from €1,914 to €49,404
- Other debts -€16,660
no longer reported in 2025 (was €16,660)
- Trade debts +€14,023
up €14,023 (+3,443%), from €407 to €14,430
- Tax, wage and social debts +€3,690
up €3,690 (+27.3%), from €13,491 to €17,181
- Gross operating margin +€24,174
up €24,174 (+50.7%), from €47,696 to €71,870
- Taxes +€10,614
up €10,614 (+84.3%), from €12,595 to €23,209
- Other operating charges -€1,404
down €1,404 (-73.5%), from €1,911 to €507
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 | €37,472 | €86,135 | +€48,663 | +130% |
| Fixed assets | 21/28 | €16,277 | €15,450 | -€827 | -5.1% |
| Intangible fixed assets | 21 | €12,395 | €12,395 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,883 | €3,056 | -€827 | -21.3% |
| Plant, machinery and equipment | 23 | €551 | €74 | -€477 | -86.6% |
| Furniture and vehicles | 24 | €3,332 | €2,982 | -€350 | -10.5% |
| Current assets | 29/58 | €21,195 | €70,684 | +€49,490 | +233% |
| Amounts receivable within one year | 40/41 | €20 | €41,245 | +€41,225 | +208,206% |
| Trade receivables | 40 | - | €12,719 | +€12,719 | |
| Other amounts receivable | 41 | €20 | €28,525 | +€28,505 | +143,966% |
| Cash at bank and in hand | 54/58 | €20,784 | €28,274 | +€7,490 | +36.0% |
| Deferred charges and accrued income | 490/1 | €391 | €1,166 | +€774 | +198% |
| Total equity and liabilities | 10/49 | €37,472 | €86,135 | +€48,663 | +130% |
| Equity | 10/15 | €6,914 | €54,404 | +€47,490 | +687% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Share premium | 1100/10 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €1,914 | €49,404 | +€47,490 | +2,481% |
| Distributable reserves | 133 | €1,914 | €49,404 | +€47,490 | +2,481% |
| Amounts payable | 17/49 | €30,558 | €31,731 | +€1,173 | +3.8% |
| Amounts payable within one year | 42/48 | €30,558 | €31,611 | +€1,053 | +3.4% |
| Trade debts | 44 | €407 | €14,430 | +€14,023 | +3,443% |
| Suppliers | 440/4 | €407 | €14,430 | +€14,023 | +3,443% |
| Taxes, remuneration and social security | 45 | €13,491 | €17,181 | +€3,690 | +27.3% |
| Taxes | 450/3 | €13,491 | €17,181 | +€3,690 | +27.3% |
| Other amounts payable | 47/48 | €16,660 | - | -€16,660 | |
| Accrued charges and deferred income | 492/3 | - | €120 | +€120 | |
| Non-recurring operating income | 76A | - | €12,670 | +€12,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €827 | -€574 | -41.0% |
| Other operating charges | 640/8 | €1,911 | €507 | -€1,404 | -73.5% |
| Gross operating margin | 9900 | €47,696 | €71,870 | +€24,174 | +50.7% |
| Operating profit (loss) | 9901 | €44,384 | €70,536 | +€26,152 | +58.9% |
| Financial income | 75/76B | €275 | €394 | +€119 | +43.2% |
| Recurring financial income | 75 | €275 | €394 | +€119 | +43.2% |
| Financial charges | 65/66B | €386 | €231 | -€155 | -40.2% |
| Recurring financial charges | 65 | €386 | €231 | -€155 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €44,272 | €70,699 | +€26,426 | +59.7% |
| Income taxes | 67/77 | €12,595 | €23,209 | +€10,614 | +84.3% |
| Profit (loss) for the period | 9904 | €31,677 | €47,490 | +€15,812 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,677 | €47,490 | +€15,812 | +49.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.