ARTILIEGE: 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.
ARTILIEGE
Largest movements
- Financial fixed assets +€675,007
up €675,007 (+91340.6%), from €739 to €675,746
- Tangible fixed assets -€612,060
down €612,060 (-75.5%), from €810,471 to €198,411
of which Land and buildings: -€624,684
- Cash +€167,491
up €167,491 (+50.9%), from €329,152 to €496,643
mainly Receivables within one year (+€148,726) and Trade debts (+€100,324)
- Receivables within one year -€148,726
down €148,726 (-14.1%), from €1.1m to €904,912
of which Trade receivables: -€120,969
- Deferred charges and accrued income +€33,092
up €33,092 (+807.5%), from €4,098 to €37,190
- Short-term financial debts -€125,000
no longer reported in 2025 (was €125,000)
- Trade debts +€100,324
up €100,324 (+17.5%), from €571,772 to €672,096
- Current portion of long-term debt +€78,785
up €78,785 (+114.9%), from €68,556 to €147,341
- Tax, wage and social debts +€65,469
up €65,469 (+45.0%), from €145,339 to €210,808
of which Taxes: +€55,814
- Gross operating margin +€240,890
up €240,890 (+19.5%), from €1.2m to €1.5m
- Provisions +€183,557
no longer reported in 2025 (was -€183,557)
- Other operating charges -€69,197
down €69,197 (-85.4%), from €81,007 to €11,810
- Staff costs +€53,126
up €53,126 (+4.3%), from €1.2m to €1.3m
- Depreciation +€39,497
up €39,497 (+77.3%), from €51,095 to €90,592
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 | €2,448,130 | €2,573,797 | +€125,667 | +5.1% |
| Fixed assets | 21/28 | €811,210 | €874,157 | +€62,947 | +7.8% |
| Tangible fixed assets | 22/27 | €810,471 | €198,411 | -€612,060 | -75.5% |
| Land and buildings | 22 | €624,684 | - | -€624,684 | |
| Plant, machinery and equipment | 23 | €39,435 | €46,111 | +€6,676 | +16.9% |
| Furniture and vehicles | 24 | €136,839 | €151,291 | +€14,452 | +10.6% |
| Other tangible fixed assets | 26 | €9,513 | €1,009 | -€8,504 | -89.4% |
| Financial fixed assets | 28 | €739 | €675,746 | +€675,007 | +91340.6% |
| Current assets | 29/58 | €1,636,920 | €1,699,640 | +€62,720 | +3.8% |
| Stocks and contracts in progress | 3 | €250,032 | €260,895 | +€10,863 | +4.3% |
| Stocks | 30/36 | €86,144 | €97,007 | +€10,863 | +12.6% |
| Contracts in progress | 37 | €163,888 | €163,888 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,053,638 | €904,912 | -€148,726 | -14.1% |
| Trade receivables | 40 | €1,003,661 | €882,692 | -€120,969 | -12.1% |
| Other amounts receivable | 41 | €49,977 | €22,220 | -€27,757 | -55.5% |
| Cash at bank and in hand | 54/58 | €329,152 | €496,643 | +€167,491 | +50.9% |
| Deferred charges and accrued income | 490/1 | €4,098 | €37,190 | +€33,092 | +807.5% |
| Total equity and liabilities | 10/49 | €2,448,130 | €2,573,797 | +€125,667 | +5.1% |
| Equity | 10/15 | €634,296 | €643,394 | +€9,098 | +1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €737,557 | €737,557 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €731,357 | €731,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,261 | -€156,163 | +€9,098 | +5.5% |
| Amounts payable | 17/49 | €1,813,834 | €1,930,403 | +€116,569 | +6.4% |
| Amounts payable after more than one year | 17 | €903,167 | €889,210 | -€13,957 | -1.5% |
| Financial debts | 170/4 | €228,167 | €214,210 | -€13,957 | -6.1% |
| Other amounts payable | 178/9 | €675,000 | €675,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €910,667 | €1,030,447 | +€119,780 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €68,556 | €147,341 | +€78,785 | +114.9% |
| Financial debts | 43 | €125,000 | - | -€125,000 | |
| Credit institutions | 430/8 | €125,000 | - | -€125,000 | |
| Trade debts | 44 | €571,772 | €672,096 | +€100,324 | +17.5% |
| Suppliers | 440/4 | €571,772 | €672,096 | +€100,324 | +17.5% |
| Taxes, remuneration and social security | 45 | €145,339 | €210,808 | +€65,469 | +45.0% |
| Taxes | 450/3 | €27,533 | €83,347 | +€55,814 | +202.7% |
| Remuneration and social security | 454/9 | €117,806 | €127,461 | +€9,655 | +8.2% |
| Other amounts payable | 47/48 | - | €202 | +€202 | |
| Accrued charges and deferred income | 492/3 | - | €10,746 | +€10,746 | |
| Remuneration, social security and pensions | 62 | €1,245,595 | €1,298,721 | +€53,126 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,095 | €90,592 | +€39,497 | +77.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€183,557 | - | +€183,557 | |
| Other operating charges | 640/8 | €81,007 | €11,810 | -€69,197 | -85.4% |
| Gross operating margin | 9900 | €1,233,095 | €1,473,985 | +€240,890 | +19.5% |
| Operating profit (loss) | 9901 | €38,955 | €72,862 | +€33,907 | +87.0% |
| Financial income | 75/76B | €338 | €7,951 | +€7,613 | +2252.4% |
| Recurring financial income | 75 | €338 | €7,951 | +€7,613 | +2252.4% |
| Financial charges | 65/66B | €4,942 | €20,023 | +€15,081 | +305.2% |
| Recurring financial charges | 65 | €4,942 | €20,023 | +€15,081 | +305.2% |
| Profit (loss) for the period before taxes | 9903 | €34,351 | €60,790 | +€26,439 | +77.0% |
| Income taxes | 67/77 | €33,449 | €51,692 | +€18,243 | +54.5% |
| Profit (loss) for the period | 9904 | €902 | €9,098 | +€8,196 | +908.6% |
| Profit (loss) for the period to be appropriated | 9905 | €902 | €9,098 | +€8,196 | +908.6% |
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 8 October 2026 via checked.be.