ARTILAVAL: 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.
ARTILAVAL
Largest movements
- Receivables within one year -€151,142
down €151,142 (-19.5%), from €776,105 to €624,963
of which Other amounts receivable: -€437,366
- Tangible fixed assets -€22,908
down €22,908 (-41.1%), from €55,773 to €32,866
of which Leasing and similar rights: -€53,550
- Other debts -€99,941
down €99,941 (-83.3%), from €120,000 to €20,060
- Trade debts -€36,305
down €36,305 (-13.0%), from €279,254 to €242,948
- Provisions -€20,295
down €20,295 (-8.5%), from €238,075 to €217,780
- Current portion of long-term debt -€20,023
no longer reported in 2025 (was €20,023)
- Gross operating margin -€102,396
down €102,396 (-51.0%), from €200,973 to €98,577
- Other operating charges +€49,828
up €49,828 (+2818.5%), from €1,768 to €51,596
- Provisions -€33,278
down €33,278, from €12,983 to -€20,295
- Depreciation -€19,419
down €19,419 (-30.7%), from €63,326 to €43,908
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €838,981 | €664,969 | -€174,012 | -20.7% |
| Fixed assets | 21/28 | €55,773 | €32,866 | -€22,908 | -41.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €55,773 | €32,866 | -€22,908 | -41.1% |
| Land and buildings | 22 | €2,061 | €199 | -€1,862 | -90.3% |
| Plant, machinery and equipment | 23 | €163 | - | -€163 | |
| Furniture and vehicles | 24 | - | €32,667 | +€32,667 | |
| Leasing and similar rights | 25 | €53,550 | - | -€53,550 | |
| Current assets | 29/58 | €783,208 | €632,104 | -€151,104 | -19.3% |
| Amounts receivable within one year | 40/41 | €776,105 | €624,963 | -€151,142 | -19.5% |
| Trade receivables | 40 | €119,851 | €406,075 | +€286,224 | +238.8% |
| Other amounts receivable | 41 | €656,254 | €218,889 | -€437,366 | -66.6% |
| Deferred charges and accrued income | 490/1 | €7,103 | €7,140 | +€37 | +0.5% |
| Total equity and liabilities | 10/49 | €838,981 | €664,969 | -€174,012 | -20.7% |
| Equity | 10/15 | €181,077 | €183,353 | +€2,276 | +1.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,077 | €73,353 | +€2,276 | +3.2% |
| Provisions and deferred taxes | 16 | €238,075 | €217,780 | -€20,295 | -8.5% |
| Provisions for liabilities and charges | 160/5 | €238,075 | €217,780 | -€20,295 | -8.5% |
| Major repairs and maintenance | 162 | €238,075 | €217,780 | -€20,295 | -8.5% |
| Amounts payable | 17/49 | €419,829 | €263,836 | -€155,993 | -37.2% |
| Amounts payable within one year | 42/48 | €419,829 | €263,836 | -€155,993 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €20,023 | - | -€20,023 | |
| Trade debts | 44 | €279,254 | €242,948 | -€36,305 | -13.0% |
| Suppliers | 440/4 | €279,254 | €242,948 | -€36,305 | -13.0% |
| Taxes, remuneration and social security | 45 | €553 | €828 | +€275 | +49.8% |
| Taxes | 450/3 | €553 | €828 | +€275 | +49.8% |
| Other amounts payable | 47/48 | €120,000 | €20,060 | -€99,941 | -83.3% |
| Non-recurring operating income | 76A | - | €34,972 | +€34,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,326 | €43,908 | -€19,419 | -30.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,983 | -€20,295 | -€33,278 | |
| Other operating charges | 640/8 | €1,768 | €51,596 | +€49,828 | +2818.5% |
| Gross operating margin | 9900 | €200,973 | €98,577 | -€102,396 | -51.0% |
| Operating profit (loss) | 9901 | €122,896 | €23,368 | -€99,528 | -81.0% |
| Financial income | 75/76B | €60 | €152 | +€92 | +153.3% |
| Recurring financial income | 75 | €60 | €92 | +€32 | +53.3% |
| Non-recurring financial income | 76B | €60 | €60 | = | 0.0% |
| Financial charges | 65/66B | €926 | €416 | -€511 | -55.1% |
| Recurring financial charges | 65 | €926 | €416 | -€511 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €122,030 | €23,104 | -€98,925 | -81.1% |
| Income taxes | 67/77 | €553 | €828 | +€275 | +49.8% |
| Profit (loss) for the period | 9904 | €121,477 | €22,276 | -€99,201 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €121,477 | €22,276 | -€99,201 | -81.7% |
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 5 October 2026 via checked.be.