ARTILEK: 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.
ARTILEK
Largest movements
- Receivables within one year -€349,003
down €349,003 (-66.9%), from €521,901 to €172,898
of which Trade receivables: -€347,194
- Cash -€262,825
down €262,825 (-37.3%), from €703,901 to €441,076
mainly Contributions, distributions and other (-€350,000) and Trade debts (-€323,624)
- Stocks and contracts +€60,761
up €60,761 (+1350.4%), from €4,499 to €65,261
of which Contracts in progress: +€61,318
- Trade debts -€323,624
down €323,624 (-67.2%), from €481,636 to €158,012
- Other debts -€229,150
down €229,150 (-31.7%), from €721,853 to €492,702
- Write-downs +€125,737
new in 2025: €125,737
- Gross operating margin -€110,363
down €110,363 (-14.8%), from €747,183 to €636,819
- Taxes -€59,865
down €59,865 (-32.4%), from €184,770 to €124,905
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 | €1,242,834 | €690,250 | -€552,585 | -44.5% |
| Fixed assets | 21/28 | €12,532 | €7,935 | -€4,597 | -36.7% |
| Tangible fixed assets | 22/27 | €12,532 | €7,935 | -€4,597 | -36.7% |
| Furniture and vehicles | 24 | €12,532 | €7,935 | -€4,597 | -36.7% |
| Current assets | 29/58 | €1,230,302 | €682,315 | -€547,987 | -44.5% |
| Stocks and contracts in progress | 3 | €4,499 | €65,261 | +€60,761 | +1350.4% |
| Stocks | 30/36 | €4,499 | €3,942 | -€557 | -12.4% |
| Contracts in progress | 37 | - | €61,318 | +€61,318 | |
| Amounts receivable within one year | 40/41 | €521,901 | €172,898 | -€349,003 | -66.9% |
| Trade receivables | 40 | €497,810 | €150,615 | -€347,194 | -69.7% |
| Other amounts receivable | 41 | €24,092 | €22,283 | -€1,809 | -7.5% |
| Cash at bank and in hand | 54/58 | €703,901 | €441,076 | -€262,825 | -37.3% |
| Deferred charges and accrued income | 490/1 | - | €3,080 | +€3,080 | |
| Total equity and liabilities | 10/49 | €1,242,834 | €690,250 | -€552,585 | -44.5% |
| Equity | 10/15 | €36,052 | €36,058 | +€5 | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11,050 | €11,050 | = | 0.0% |
| Distributable reserves | 133 | €11,050 | €11,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2 | €8 | +€5 | +214.0% |
| Amounts payable | 17/49 | €1,206,782 | €654,192 | -€552,590 | -45.8% |
| Amounts payable within one year | 42/48 | €1,206,782 | €654,192 | -€552,590 | -45.8% |
| Trade debts | 44 | €481,636 | €158,012 | -€323,624 | -67.2% |
| Suppliers | 440/4 | €481,636 | €158,012 | -€323,624 | -67.2% |
| Taxes, remuneration and social security | 45 | €3,293 | €3,478 | +€185 | +5.6% |
| Remuneration and social security | 454/9 | €3,293 | €3,478 | +€185 | +5.6% |
| Other amounts payable | 47/48 | €721,853 | €492,702 | -€229,150 | -31.7% |
| Remuneration, social security and pensions | 62 | €28,959 | €33,498 | +€4,539 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,597 | €4,597 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €125,737 | +€125,737 | |
| Other operating charges | 640/8 | €2,227 | €2,070 | -€157 | -7.1% |
| Gross operating margin | 9900 | €747,183 | €636,819 | -€110,363 | -14.8% |
| Operating profit (loss) | 9901 | €711,399 | €470,917 | -€240,482 | -33.8% |
| Financial income | 75/76B | €1,756 | €4,055 | +€2,300 | +131.0% |
| Recurring financial income | 75 | €1,756 | €4,055 | +€2,300 | +131.0% |
| Financial charges | 65/66B | €349 | €63 | -€286 | -82.0% |
| Recurring financial charges | 65 | €349 | €63 | -€286 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €712,806 | €474,910 | -€237,896 | -33.4% |
| Income taxes | 67/77 | €184,770 | €124,905 | -€59,865 | -32.4% |
| Profit (loss) for the period | 9904 | €528,036 | €350,005 | -€178,031 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €528,036 | €350,005 | -€178,031 | -33.7% |
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 11 October 2026 via checked.be.