Artillerie: 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.
Artillerie
Largest movements
- Receivables within one year -€18,372
down €18,372 (-49.2%), from €37,351 to €18,979
of which Trade receivables: -€21,659
- Current investments +€12,051
up €12,051 (+161%), from €7,480 to €19,531
- Cash +€8,099
up €8,099 (+30.4%), from €26,651 to €34,750
mainly Net result for the year (+€29,712) and Receivables within one year (+€18,372)
- Tangible fixed assets +€1,090
up €1,090 (+5.4%), from €20,101 to €21,191
of which Furniture and vehicles: +€1,909
- Reserves +€29,712
up €29,712 (+69.7%), from €42,617 to €72,330
- Other debts -€29,050
down €29,050 (-78.9%), from €36,835 to €7,785
- Trade debts +€1,087
up €1,087 (+45.8%), from €2,373 to €3,460
- Gross operating margin -€12,683
down €12,683 (-22.2%), from €57,063 to €44,380
- Taxes -€3,733
down €3,733 (-32.5%), from €11,498 to €7,765
- Financial charges +€3,399
up €3,399 (+1,179%), from €288 to €3,688
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 | €92,496 | €94,939 | +€2,442 | +2.6% |
| Fixed assets | 21/28 | €20,101 | €21,191 | +€1,090 | +5.4% |
| Tangible fixed assets | 22/27 | €20,101 | €21,191 | +€1,090 | +5.4% |
| Plant, machinery and equipment | 23 | €870 | €270 | -€600 | -69.0% |
| Furniture and vehicles | 24 | €17,213 | €19,122 | +€1,909 | +11.1% |
| Other tangible fixed assets | 26 | €2,019 | €1,800 | -€219 | -10.8% |
| Current assets | 29/58 | €72,395 | €73,747 | +€1,352 | +1.9% |
| Amounts receivable within one year | 40/41 | €37,351 | €18,979 | -€18,372 | -49.2% |
| Trade receivables | 40 | €36,361 | €14,702 | -€21,659 | -59.6% |
| Other amounts receivable | 41 | €991 | €4,277 | +€3,287 | +332% |
| Current investments | 50/53 | €7,480 | €19,531 | +€12,051 | +161% |
| Cash at bank and in hand | 54/58 | €26,651 | €34,750 | +€8,099 | +30.4% |
| Deferred charges and accrued income | 490/1 | €913 | €488 | -€426 | -46.6% |
| Total equity and liabilities | 10/49 | €92,496 | €94,939 | +€2,442 | +2.6% |
| Equity | 10/15 | €49,617 | €79,330 | +€29,712 | +59.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €42,617 | €72,330 | +€29,712 | +69.7% |
| Distributable reserves | 133 | €42,617 | €72,330 | +€29,712 | +69.7% |
| Amounts payable | 17/49 | €42,879 | €15,609 | -€27,270 | -63.6% |
| Amounts payable within one year | 42/48 | €42,879 | €15,609 | -€27,270 | -63.6% |
| Trade debts | 44 | €2,373 | €3,460 | +€1,087 | +45.8% |
| Suppliers | 440/4 | €2,373 | €3,460 | +€1,087 | +45.8% |
| Taxes, remuneration and social security | 45 | €3,671 | €4,365 | +€694 | +18.9% |
| Taxes | 450/3 | €3,671 | €4,365 | +€694 | +18.9% |
| Other amounts payable | 47/48 | €36,835 | €7,785 | -€29,050 | -78.9% |
| Non-recurring operating income | 76A | - | €19,050 | +€19,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,383 | €2,710 | +€327 | +13.7% |
| Other operating charges | 640/8 | €422 | €575 | +€154 | +36.4% |
| Gross operating margin | 9900 | €57,063 | €44,380 | -€12,683 | -22.2% |
| Operating profit (loss) | 9901 | €54,258 | €41,094 | -€13,164 | -24.3% |
| Financial income | 75/76B | €146 | €70 | -€76 | -51.8% |
| Recurring financial income | 75 | €146 | €70 | -€76 | -51.8% |
| Financial charges | 65/66B | €288 | €3,688 | +€3,399 | +1,179% |
| Recurring financial charges | 65 | €288 | €3,688 | +€3,399 | +1,179% |
| Profit (loss) for the period before taxes | 9903 | €54,116 | €37,477 | -€16,639 | -30.7% |
| Income taxes | 67/77 | €11,498 | €7,765 | -€3,733 | -32.5% |
| Profit (loss) for the period | 9904 | €42,617 | €29,712 | -€12,905 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,617 | €29,712 | -€12,905 | -30.3% |
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 28 October 2026 via checked.be.