ARTIKID: 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.
ARTIKID
Largest movements
- Receivables within one year -€14,279
down €14,279 (-82.4%), from €17,333 to €3,054
of which Other amounts receivable: -€14,471
- Deferred charges and accrued income -€10,568
down €10,568 (-20.1%), from €52,665 to €42,097
- Financial fixed assets -€9,376
down €9,376 (-8.2%), from €114,976 to €105,600
- Current investments -€8,087
down €8,087 (-5.8%), from €140,523 to €132,436
- Reserves -€105,962
down €105,962 (-35.5%), from €298,354 to €192,393
- Other debts +€61,275
up €61,275 (+188%), from €32,599 to €93,874
- Tax, wage and social debts -€4,285
down €4,285 (-47.0%), from €9,125 to €4,840
- Gross operating margin -€26,013
down €26,013 (-27.0%), from €96,185 to €70,172
- Taxes -€2,578
down €2,578 (-9.3%), from €27,618 to €25,041
- Depreciation -€2,106
down €2,106 (-47.7%), from €4,420 to €2,314
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 | €358,803 | €312,891 | -€45,911 | -12.8% |
| Fixed assets | 21/28 | €119,976 | €109,865 | -€10,111 | -8.4% |
| Tangible fixed assets | 22/27 | €5,000 | €4,265 | -€735 | -14.7% |
| Furniture and vehicles | 24 | €5,000 | €4,265 | -€735 | -14.7% |
| Financial fixed assets | 28 | €114,976 | €105,600 | -€9,376 | -8.2% |
| Current assets | 29/58 | €238,827 | €203,026 | -€35,801 | -15.0% |
| Amounts receivable within one year | 40/41 | €17,333 | €3,054 | -€14,279 | -82.4% |
| Trade receivables | 40 | - | €193 | +€193 | |
| Other amounts receivable | 41 | €17,333 | €2,861 | -€14,471 | -83.5% |
| Current investments | 50/53 | €140,523 | €132,436 | -€8,087 | -5.8% |
| Cash at bank and in hand | 54/58 | €28,306 | €25,438 | -€2,868 | -10.1% |
| Deferred charges and accrued income | 490/1 | €52,665 | €42,097 | -€10,568 | -20.1% |
| Total equity and liabilities | 10/49 | €358,803 | €312,891 | -€45,911 | -12.8% |
| Equity | 10/15 | €316,954 | €210,993 | -€105,962 | -33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €298,354 | €192,393 | -€105,962 | -35.5% |
| Distributable reserves | 133 | €298,354 | €192,393 | -€105,962 | -35.5% |
| Amounts payable | 17/49 | €41,849 | €101,899 | +€60,050 | +143% |
| Amounts payable within one year | 42/48 | €41,849 | €101,899 | +€60,050 | +143% |
| Trade debts | 44 | €125 | €3,185 | +€3,060 | +2,448% |
| Suppliers | 440/4 | €125 | €3,185 | +€3,060 | +2,448% |
| Taxes, remuneration and social security | 45 | €9,125 | €4,840 | -€4,285 | -47.0% |
| Taxes | 450/3 | €9,125 | €4,840 | -€4,285 | -47.0% |
| Other amounts payable | 47/48 | €32,599 | €93,874 | +€61,275 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,420 | €2,314 | -€2,106 | -47.7% |
| Other operating charges | 640/8 | €2,008 | €2,019 | +€10 | +0.5% |
| Gross operating margin | 9900 | €96,185 | €70,172 | -€26,013 | -27.0% |
| Operating profit (loss) | 9901 | €89,757 | €65,840 | -€23,917 | -26.6% |
| Financial income | 75/76B | €3,376 | €3,580 | +€204 | +6.0% |
| Recurring financial income | 75 | €3,376 | €3,580 | +€204 | +6.0% |
| Financial charges | 65/66B | €269 | €591 | +€322 | +120% |
| Recurring financial charges | 65 | €269 | €591 | +€322 | +120% |
| Profit (loss) for the period before taxes | 9903 | €92,864 | €68,829 | -€24,035 | -25.9% |
| Income taxes | 67/77 | €27,618 | €25,041 | -€2,578 | -9.3% |
| Profit (loss) for the period | 9904 | €65,246 | €43,788 | -€21,457 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,246 | €43,788 | -€21,457 | -32.9% |
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 19 October 2026 via checked.be.