ARTIFICON: 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.
ARTIFICON
Largest movements
- Current investments +€60,000
up €60,000 (+66.7%), from €90,000 to €150,000
- Cash +€51,460
up €51,460 (+109%), from €47,026 to €98,487
mainly Net result for the year (+€120,912) and Depreciation (+€5,729)
- Receivables within one year +€4,641
up €4,641 (+20.2%), from €23,019 to €27,660
of which Other amounts receivable: +€3,141
- Reserves +€120,912
up €120,912 (+76.3%), from €158,534 to €279,445
- Tax, wage and social debts -€4,910
down €4,910 (-26.3%), from €18,689 to €13,779
- Taxes -€9,190
down €9,190 (-19.8%), from €46,520 to €37,329
- Financial income +€3,001
up €3,001 (+1,091%), from €275 to €3,276
- Gross operating margin +€1,725
up €1,725 (+1.1%), from €161,144 to €162,868
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 | €180,442 | €296,925 | +€116,482 | +64.6% |
| Fixed assets | 21/28 | €20,397 | €20,778 | +€381 | +1.9% |
| Tangible fixed assets | 22/27 | €20,397 | €20,778 | +€381 | +1.9% |
| Plant, machinery and equipment | 23 | - | €5,834 | +€5,834 | |
| Furniture and vehicles | 24 | €20,397 | €14,944 | -€5,453 | -26.7% |
| Current assets | 29/58 | €160,045 | €276,146 | +€116,101 | +72.5% |
| Amounts receivable within one year | 40/41 | €23,019 | €27,660 | +€4,641 | +20.2% |
| Trade receivables | 40 | €22,506 | €24,006 | +€1,500 | +6.7% |
| Other amounts receivable | 41 | €513 | €3,653 | +€3,141 | +613% |
| Current investments | 50/53 | €90,000 | €150,000 | +€60,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €47,026 | €98,487 | +€51,460 | +109% |
| Total equity and liabilities | 10/49 | €180,442 | €296,925 | +€116,482 | +64.6% |
| Equity | 10/15 | €160,534 | €281,445 | +€120,912 | +75.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €158,534 | €279,445 | +€120,912 | +76.3% |
| Distributable reserves | 133 | €158,534 | €279,445 | +€120,912 | +76.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €19,909 | €15,479 | -€4,429 | -22.2% |
| Amounts payable within one year | 42/48 | €19,909 | €15,479 | -€4,429 | -22.2% |
| Trade debts | 44 | €962 | €1,616 | +€654 | +68.0% |
| Suppliers | 440/4 | €962 | €1,616 | +€654 | +68.0% |
| Taxes, remuneration and social security | 45 | €18,689 | €13,779 | -€4,910 | -26.3% |
| Taxes | 450/3 | €18,689 | €13,779 | -€4,910 | -26.3% |
| Other amounts payable | 47/48 | €258 | €85 | -€173 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,453 | €5,729 | +€276 | +5.1% |
| Other operating charges | 640/8 | €362 | €435 | +€74 | +20.3% |
| Gross operating margin | 9900 | €161,144 | €162,868 | +€1,725 | +1.1% |
| Operating profit (loss) | 9901 | €155,329 | €156,704 | +€1,376 | +0.9% |
| Financial income | 75/76B | €275 | €3,276 | +€3,001 | +1,091% |
| Recurring financial income | 75 | €275 | €3,276 | +€3,001 | +1,091% |
| Financial charges | 65/66B | €1,686 | €1,739 | +€53 | +3.1% |
| Recurring financial charges | 65 | €1,686 | €1,739 | +€53 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €153,917 | €158,241 | +€4,324 | +2.8% |
| Income taxes | 67/77 | €46,520 | €37,329 | -€9,190 | -19.8% |
| Profit (loss) for the period | 9904 | €107,398 | €120,912 | +€13,514 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €107,398 | €120,912 | +€13,514 | +12.6% |
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.