ARTIFEX: 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.
ARTIFEX
Largest movements
- Tangible fixed assets +€26,584
up €26,584 (+290%), from €9,158 to €35,741
of which Furniture and vehicles: +€27,475
- Intangible fixed assets -€10,000
down €10,000 (-27.0%), from €37,000 to €27,000
- Cash +€7,954
up €7,954 (+21.0%), from €37,950 to €45,904
mainly Net result for the year (+€16,271) and Depreciation (+€16,228)
- Deferred charges and accrued income -€7,706
down €7,706 (-57.2%), from €13,477 to €5,772
- Stocks and contracts +€5,068
up €5,068 (+69.0%), from €7,346 to €12,414
- Reserves +€16,271
up €16,271 (+24.4%), from €66,561 to €82,833
- Other debts -€10,700
down €10,700 (-45.9%), from €23,287 to €12,587
- Debts after one year +€6,007
up €6,007 (+149%), from €4,031 to €10,038
- Tax, wage and social debts +€4,940
up €4,940 (+94.1%), from €5,248 to €10,188
of which Remuneration and social security: +€6,308
- Current portion of long-term debt +€2,387
up €2,387 (+73.8%), from €3,237 to €5,624
- Gross operating margin +€60,354
up €60,354 (+184%), from €32,860 to €93,215
- Staff costs +€42,283
up €42,283 (+536%), from €7,892 to €50,175
- Taxes +€5,218
up €5,218 (+259%), from €2,014 to €7,233
- Depreciation -€1,523
down €1,523 (-8.6%), from €17,752 to €16,228
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 | €121,662 | €141,761 | +€20,100 | +16.5% |
| Fixed assets | 21/28 | €46,158 | €62,741 | +€16,584 | +35.9% |
| Intangible fixed assets | 21 | €37,000 | €27,000 | -€10,000 | -27.0% |
| Tangible fixed assets | 22/27 | €9,158 | €35,741 | +€26,584 | +290% |
| Plant, machinery and equipment | 23 | €7,856 | €6,966 | -€891 | -11.3% |
| Furniture and vehicles | 24 | €1,301 | €28,776 | +€27,475 | +2,112% |
| Current assets | 29/58 | €75,504 | €79,020 | +€3,516 | +4.7% |
| Stocks and contracts in progress | 3 | €7,346 | €12,414 | +€5,068 | +69.0% |
| Stocks | 30/36 | €7,346 | €12,414 | +€5,068 | +69.0% |
| Amounts receivable within one year | 40/41 | €16,731 | €14,930 | -€1,801 | -10.8% |
| Trade receivables | 40 | €8,910 | €13,589 | +€4,679 | +52.5% |
| Other amounts receivable | 41 | €7,821 | €1,341 | -€6,480 | -82.8% |
| Cash at bank and in hand | 54/58 | €37,950 | €45,904 | +€7,954 | +21.0% |
| Deferred charges and accrued income | 490/1 | €13,477 | €5,772 | -€7,706 | -57.2% |
| Total equity and liabilities | 10/49 | €121,662 | €141,761 | +€20,100 | +16.5% |
| Equity | 10/15 | €85,161 | €101,433 | +€16,271 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,561 | €82,833 | +€16,271 | +24.4% |
| Distributable reserves | 133 | €66,561 | €82,833 | +€16,271 | +24.4% |
| Amounts payable | 17/49 | €36,500 | €40,329 | +€3,828 | +10.5% |
| Amounts payable after more than one year | 17 | €4,031 | €10,038 | +€6,007 | +149% |
| Financial debts | 170/4 | €4,031 | €10,038 | +€6,007 | +149% |
| Amounts payable within one year | 42/48 | €32,469 | €30,291 | -€2,178 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €3,237 | €5,624 | +€2,387 | +73.8% |
| Trade debts | 44 | €697 | €1,891 | +€1,194 | +171% |
| Suppliers | 440/4 | €697 | €1,891 | +€1,194 | +171% |
| Taxes, remuneration and social security | 45 | €5,248 | €10,188 | +€4,940 | +94.1% |
| Taxes | 450/3 | €4,475 | €3,107 | -€1,368 | -30.6% |
| Remuneration and social security | 454/9 | €773 | €7,082 | +€6,308 | +816% |
| Other amounts payable | 47/48 | €23,287 | €12,587 | -€10,700 | -45.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €7,892 | €50,175 | +€42,283 | +536% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,752 | €16,228 | -€1,523 | -8.6% |
| Other operating charges | 640/8 | €881 | €1,014 | +€133 | +15.1% |
| Gross operating margin | 9900 | €32,860 | €93,215 | +€60,354 | +184% |
| Operating profit (loss) | 9901 | €6,336 | €25,798 | +€19,461 | +307% |
| Financial income | 75/76B | €160 | €83 | -€77 | -48.2% |
| Recurring financial income | 75 | €160 | €83 | -€77 | -48.2% |
| Financial charges | 65/66B | €3,016 | €2,376 | -€640 | -21.2% |
| Recurring financial charges | 65 | €3,016 | €2,376 | -€640 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €3,480 | €23,504 | +€20,024 | +575% |
| Income taxes | 67/77 | €2,014 | €7,233 | +€5,218 | +259% |
| Profit (loss) for the period | 9904 | €1,466 | €16,271 | +€14,806 | +1,010% |
| Profit (loss) for the period to be appropriated | 9905 | €1,466 | €16,271 | +€14,806 | +1,010% |
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 23 October 2026 via checked.be.