ARTIFICIAL PINE ARCH MANUFACTURING: 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.
ARTIFICIAL PINE ARCH MANUFACTURING
Largest movements
- Tangible fixed assets +€89,300
up €89,300 (+21.7%), from €412,199 to €501,498
of which Other tangible fixed assets: +€91,701
- Receivables within one year -€11,548
down €11,548 (-7.0%), from €164,339 to €152,791
of which Other amounts receivable: -€8,135
- Cash -€8,152
down €8,152 (-67.2%), from €12,126 to €3,974
mainly Investment in fixed assets (net) (-€122,235) and Advances received (-€21,371)
- Other debts +€83,638
up €83,638 (+51.8%), from €161,460 to €245,098
- Advances received -€21,371
no longer reported in 2025 (was €21,371)
- Profit (loss) carried forward +€16,774
up €16,774 (+23.1%), from €72,705 to €89,478
- Debts after one year -€10,905
down €10,905 (-5.5%), from €197,763 to €186,859
- Depreciation +€13,630
up €13,630 (+58.2%), from €23,437 to €37,067
- Financial income -€5,333
down €5,333 (-98.3%), from €5,423 to €90
- Taxes -€4,625
down €4,625 (-61.6%), from €7,502 to €2,878
- Gross operating margin +€1,783
up €1,783 (+2.9%), from €62,208 to €63,991
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 | €605,634 | €666,954 | +€61,320 | +10.1% |
| Fixed assets | 21/28 | €423,476 | €508,644 | +€85,168 | +20.1% |
| Intangible fixed assets | 21 | €11,277 | €7,146 | -€4,132 | -36.6% |
| Tangible fixed assets | 22/27 | €412,199 | €501,498 | +€89,300 | +21.7% |
| Land and buildings | 22 | €288,177 | €280,301 | -€7,876 | -2.7% |
| Plant, machinery and equipment | 23 | €5,031 | €11,936 | +€6,905 | +137% |
| Furniture and vehicles | 24 | €10,150 | €9,343 | -€807 | -8.0% |
| Leasing and similar rights | 25 | €622 | - | -€622 | |
| Other tangible fixed assets | 26 | €108,218 | €199,919 | +€91,701 | +84.7% |
| Current assets | 29/58 | €182,158 | €158,310 | -€23,848 | -13.1% |
| Amounts receivable within one year | 40/41 | €164,339 | €152,791 | -€11,548 | -7.0% |
| Trade receivables | 40 | €152,461 | €149,048 | -€3,413 | -2.2% |
| Other amounts receivable | 41 | €11,877 | €3,743 | -€8,135 | -68.5% |
| Cash at bank and in hand | 54/58 | €12,126 | €3,974 | -€8,152 | -67.2% |
| Deferred charges and accrued income | 490/1 | €5,693 | €1,545 | -€4,148 | -72.9% |
| Total equity and liabilities | 10/49 | €605,634 | €666,954 | +€61,320 | +10.1% |
| Equity | 10/15 | €92,808 | €109,582 | +€16,774 | +18.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,554 | €1,554 | = | 0.0% |
| Distributable reserves | 133 | €1,554 | €1,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,705 | €89,478 | +€16,774 | +23.1% |
| Amounts payable | 17/49 | €512,826 | €557,372 | +€44,546 | +8.7% |
| Amounts payable after more than one year | 17 | €197,763 | €186,859 | -€10,905 | -5.5% |
| Financial debts | 170/4 | €197,763 | €186,859 | -€10,905 | -5.5% |
| Amounts payable within one year | 42/48 | €278,810 | €335,887 | +€57,076 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €10,669 | €10,905 | +€236 | +2.2% |
| Trade debts | 44 | €75,929 | €69,506 | -€6,422 | -8.5% |
| Suppliers | 440/4 | €75,929 | €69,506 | -€6,422 | -8.5% |
| Advances received on contracts in progress | 46 | €21,371 | - | -€21,371 | |
| Taxes, remuneration and social security | 45 | €9,382 | €10,378 | +€995 | +10.6% |
| Taxes | 450/3 | €9,382 | €10,378 | +€995 | +10.6% |
| Other amounts payable | 47/48 | €161,460 | €245,098 | +€83,638 | +51.8% |
| Accrued charges and deferred income | 492/3 | €36,252 | €34,627 | -€1,625 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,437 | €37,067 | +€13,630 | +58.2% |
| Other operating charges | 640/8 | €904 | €933 | +€29 | +3.2% |
| Gross operating margin | 9900 | €62,208 | €63,991 | +€1,783 | +2.9% |
| Operating profit (loss) | 9901 | €37,868 | €25,991 | -€11,876 | -31.4% |
| Financial income | 75/76B | €5,423 | €90 | -€5,333 | -98.3% |
| Recurring financial income | 75 | €5,423 | €90 | -€5,333 | -98.3% |
| Financial charges | 65/66B | €7,039 | €6,430 | -€609 | -8.6% |
| Recurring financial charges | 65 | €7,039 | €6,430 | -€609 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €36,252 | €19,652 | -€16,601 | -45.8% |
| Income taxes | 67/77 | €7,502 | €2,878 | -€4,625 | -61.6% |
| Profit (loss) for the period | 9904 | €28,750 | €16,774 | -€11,976 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,750 | €16,774 | -€11,976 | -41.7% |
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 24 October 2026 via checked.be.