ARTILAB: what changed
Two fiscal 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.
ARTILAB
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€68,429
down €68,429 (-39.6%), from €172,762 to €104,332
mainly Contributions, distributions and other (-€240,000) and Current investments (-€200,000)
- Tangible fixed assets +€59,962
up €59,962 (+1994.0%), from €3,007 to €62,969
of which Furniture and vehicles: +€55,120
- Receivables within one year +€7,360
up €7,360 (+20.4%), from €36,034 to €43,394
of which Trade receivables: +€13,268
- Other debts +€238,013
up €238,013 (+764.7%), from €31,125 to €269,138
- Reserves -€134,000
down €134,000 (-64.1%), from €209,000 to €75,000
- Debts after one year +€42,999
new in 2025: €42,999
- Provisions +€36,303
new in 2025: €36,303
- Current portion of long-term debt +€13,103
new in 2025: €13,103
- Gross operating margin +€76,303
up €76,303 (+59.3%), from €128,601 to €204,904
- Provisions +€36,303
new in 2025: €36,303
- Taxes +€15,386
up €15,386 (+56.0%), from €27,479 to €42,866
- Depreciation +€11,556
up €11,556 (+214.8%), from €5,379 to €16,935
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 | €262,019 | €459,000 | +€196,981 | +75.2% |
| Fixed assets | 21/28 | €6,212 | €62,969 | +€56,757 | +913.7% |
| Intangible fixed assets | 21 | €3,205 | €0 | -€3,205 | -100.0% |
| Tangible fixed assets | 22/27 | €3,007 | €62,969 | +€59,962 | +1994.0% |
| Plant, machinery and equipment | 23 | - | €1,395 | +€1,395 | |
| Furniture and vehicles | 24 | €3,007 | €58,127 | +€55,120 | +1833.0% |
| Other tangible fixed assets | 26 | - | €3,447 | +€3,447 | |
| Current assets | 29/58 | €255,808 | €396,031 | +€140,224 | +54.8% |
| Stocks and contracts in progress | 3 | €45,376 | €47,848 | +€2,472 | +5.4% |
| Stocks | 30/36 | €45,376 | €47,848 | +€2,472 | +5.4% |
| Amounts receivable within one year | 40/41 | €36,034 | €43,394 | +€7,360 | +20.4% |
| Trade receivables | 40 | €26,735 | €40,003 | +€13,268 | +49.6% |
| Other amounts receivable | 41 | €9,299 | €3,391 | -€5,908 | -63.5% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €172,762 | €104,332 | -€68,429 | -39.6% |
| Deferred charges and accrued income | 490/1 | €1,636 | €456 | -€1,179 | -72.1% |
| Total equity and liabilities | 10/49 | €262,019 | €459,000 | +€196,981 | +75.2% |
| Equity | 10/15 | €211,325 | €77,129 | -€134,196 | -63.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €209,000 | €75,000 | -€134,000 | -64.1% |
| Distributable reserves | 133 | €209,000 | €75,000 | -€134,000 | -64.1% |
| Profit (loss) carried forward | 14 | €325 | €129 | -€196 | -60.3% |
| Provisions and deferred taxes | 16 | - | €36,303 | +€36,303 | |
| Provisions for liabilities and charges | 160/5 | - | €36,303 | +€36,303 | |
| Other liabilities and charges | 164/5 | - | €36,303 | +€36,303 | |
| Amounts payable | 17/49 | €50,695 | €345,568 | +€294,873 | +581.7% |
| Amounts payable after more than one year | 17 | - | €42,999 | +€42,999 | |
| Financial debts | 170/4 | - | €42,999 | +€42,999 | |
| Amounts payable within one year | 42/48 | €50,695 | €302,460 | +€251,766 | +496.6% |
| Current portion of amounts payable after more than one year | 42 | - | €13,103 | +€13,103 | |
| Trade debts | 44 | €18,790 | €16,219 | -€2,570 | -13.7% |
| Suppliers | 440/4 | €18,790 | €16,219 | -€2,570 | -13.7% |
| Advances received on contracts in progress | 46 | €0 | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €780 | €0 | -€780 | -100.0% |
| Taxes | 450/3 | €780 | €0 | -€780 | -100.0% |
| Other amounts payable | 47/48 | €31,125 | €269,138 | +€238,013 | +764.7% |
| Accrued charges and deferred income | 492/3 | €0 | €109 | +€109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,379 | €16,935 | +€11,556 | +214.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €191 | €0 | -€191 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €36,303 | +€36,303 | |
| Other operating charges | 640/8 | €720 | €694 | -€26 | -3.6% |
| Non-recurring operating charges | 66A | - | €407 | +€407 | |
| Gross operating margin | 9900 | €128,601 | €204,904 | +€76,303 | +59.3% |
| Operating profit (loss) | 9901 | €122,311 | €150,565 | +€28,254 | +23.1% |
| Financial income | 75/76B | €18 | €845 | +€827 | +4556.8% |
| Recurring financial income | 75 | €18 | €845 | +€827 | +4556.8% |
| Financial charges | 65/66B | €888 | €2,740 | +€1,853 | +208.8% |
| Recurring financial charges | 65 | €888 | €2,740 | +€1,853 | +208.8% |
| Profit (loss) for the period before taxes | 9903 | €121,442 | €148,670 | +€27,228 | +22.4% |
| Income taxes | 67/77 | €27,479 | €42,866 | +€15,386 | +56.0% |
| Profit (loss) for the period | 9904 | €93,963 | €105,804 | +€11,841 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,963 | €105,804 | +€11,841 | +12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.