ARTIFLOCK: 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.
ARTIFLOCK
Largest movements
- Receivables after one year +€10,889
up €10,889 (+4.9%), from €223,769 to €234,658
- Trade debts -€13,826
down €13,826 (-59.4%), from €23,276 to €9,450
- Other debts +€11,750
up €11,750 (+235.0%), from €5,000 to €16,750
- Reserves +€8,895
up €8,895 (+7.1%), from €125,159 to €134,054
of which Distributable reserves: +€8,895
- Tax, wage and social debts +€6,375
up €6,375 (+35.1%), from €18,164 to €24,539
of which Taxes: +€9,875
- Gross operating margin +€8,331
up €8,331 (+152.9%), from €5,450 to €13,782
- Taxes +€4,227
up €4,227, from -€254 to €3,973
- Other operating charges +€1,193
up €1,193 (+66.6%), from €1,793 to €2,987
- Financial charges -€742
down €742 (-21.3%), from €3,485 to €2,743
- Depreciation -€508
down €508 (-35.7%), from €1,422 to €914
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.
Cash bridge derived
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 | €267,146 | €280,740 | +€13,594 | +5.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €6,101 | €6,544 | +€443 | +7.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,201 | €2,644 | +€443 | +20.1% |
| Plant, machinery and equipment | 23 | €1,592 | €2,270 | +€679 | +42.6% |
| Furniture and vehicles | 24 | €609 | €373 | -€236 | -38.7% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €3,901 | €3,901 | = | 0.0% |
| Current assets | 29/58 | €261,044 | €274,195 | +€13,151 | +5.0% |
| Amounts receivable after more than one year | 29 | €223,769 | €234,658 | +€10,889 | +4.9% |
| Other amounts receivable | 291 | €223,769 | €234,658 | +€10,889 | +4.9% |
| Stocks and contracts in progress | 3 | €8,315 | €9,090 | +€775 | +9.3% |
| Stocks | 30/36 | €8,315 | €9,090 | +€775 | +9.3% |
| Amounts receivable within one year | 40/41 | €5,136 | €6,382 | +€1,247 | +24.3% |
| Trade receivables | 40 | €4,879 | €5,811 | +€932 | +19.1% |
| Other amounts receivable | 41 | €257 | €571 | +€314 | +122.3% |
| Cash at bank and in hand | 54/58 | €22,386 | €22,633 | +€247 | +1.1% |
| Deferred charges and accrued income | 490/1 | €1,438 | €1,433 | -€6 | -0.4% |
| Total equity and liabilities | 10/49 | €267,146 | €280,740 | +€13,594 | +5.1% |
| Equity | 10/15 | €144,533 | €153,428 | +€8,895 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,159 | €134,054 | +€8,895 | +7.1% |
| Tax-exempt reserves | 132 | €9,861 | €9,861 | = | 0.0% |
| Distributable reserves | 133 | €115,298 | €124,193 | +€8,895 | +7.7% |
| Profit (loss) carried forward | 14 | €774 | €774 | = | 0.0% |
| Amounts payable | 17/49 | €122,613 | €127,312 | +€4,699 | +3.8% |
| Amounts payable after more than one year | 17 | €47,500 | €47,500 | = | 0.0% |
| Financial debts | 170/4 | €47,500 | €47,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €75,113 | €79,412 | +€4,299 | +5.7% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €23,276 | €9,450 | -€13,826 | -59.4% |
| Suppliers | 440/4 | €23,276 | €9,450 | -€13,826 | -59.4% |
| Advances received on contracts in progress | 46 | €3,673 | €3,673 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,164 | €24,539 | +€6,375 | +35.1% |
| Taxes | 450/3 | €14,664 | €24,539 | +€9,875 | +67.3% |
| Remuneration and social security | 454/9 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €5,000 | €16,750 | +€11,750 | +235.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,422 | €914 | -€508 | -35.7% |
| Other operating charges | 640/8 | €1,793 | €2,987 | +€1,193 | +66.6% |
| Gross operating margin | 9900 | €5,450 | €13,782 | +€8,331 | +152.9% |
| Operating profit (loss) | 9901 | €2,235 | €9,881 | +€7,646 | +342.1% |
| Financial income | 75/76B | €5,706 | €5,730 | +€24 | +0.4% |
| Recurring financial income | 75 | €5,706 | €5,730 | +€24 | +0.4% |
| Financial charges | 65/66B | €3,485 | €2,743 | -€742 | -21.3% |
| Recurring financial charges | 65 | €3,485 | €2,743 | -€742 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €4,456 | €12,868 | +€8,413 | +188.8% |
| Income taxes | 67/77 | -€254 | €3,973 | +€4,227 | |
| Profit (loss) for the period | 9904 | €4,710 | €8,895 | +€4,186 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,710 | €8,895 | +€4,186 | +88.9% |
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 9 October 2026 via checked.be.