Artilow: 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.
Artilow
Largest movements
- Receivables within one year -€5,011
down €5,011 (-18.7%), from €26,798 to €21,787
of which Trade receivables: -€6,987
- Cash +€3,734
up €3,734 (+21.4%), from €17,416 to €21,150
mainly Receivables within one year (+€5,011) and Net result for the year (+€320)
- Trade debts -€838
down €838 (-7.2%), from €11,561 to €10,723
- Tax, wage and social debts -€625
down €625 (-11.9%), from €5,251 to €4,626
- Gross operating margin +€8,686
up €8,686, from -€7,244 to €1,443
- Taxes +€579
up €579, from €0 to €579
- Depreciation -€323
down €323 (-59.2%), from €545 to €223
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 | €49,289 | €48,145 | -€1,143 | -2.3% |
| Fixed assets | 21/28 | €223 | €0 | -€223 | -100% |
| Tangible fixed assets | 22/27 | €223 | €0 | -€223 | -100% |
| Furniture and vehicles | 24 | €223 | €0 | -€223 | -100% |
| Current assets | 29/58 | €49,066 | €48,145 | -€921 | -1.9% |
| Amounts receivable within one year | 40/41 | €26,798 | €21,787 | -€5,011 | -18.7% |
| Trade receivables | 40 | €16,515 | €9,529 | -€6,987 | -42.3% |
| Other amounts receivable | 41 | €10,283 | €12,258 | +€1,976 | +19.2% |
| Cash at bank and in hand | 54/58 | €17,416 | €21,150 | +€3,734 | +21.4% |
| Deferred charges and accrued income | 490/1 | €4,852 | €5,208 | +€356 | +7.3% |
| Total equity and liabilities | 10/49 | €49,289 | €48,145 | -€1,143 | -2.3% |
| Equity | 10/15 | €32,477 | €32,796 | +€320 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,277 | €26,596 | +€320 | +1.2% |
| Amounts payable | 17/49 | €16,812 | €15,349 | -€1,463 | -8.7% |
| Amounts payable within one year | 42/48 | €16,812 | €15,349 | -€1,463 | -8.7% |
| Trade debts | 44 | €11,561 | €10,723 | -€838 | -7.2% |
| Suppliers | 440/4 | €11,561 | €10,723 | -€838 | -7.2% |
| Taxes, remuneration and social security | 45 | €5,251 | €4,626 | -€625 | -11.9% |
| Taxes | 450/3 | €5,251 | €4,626 | -€625 | -11.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €223 | -€323 | -59.2% |
| Other operating charges | 640/8 | €535 | €550 | +€14 | +2.7% |
| Gross operating margin | 9900 | -€7,244 | €1,443 | +€8,686 | |
| Operating profit (loss) | 9901 | -€8,324 | €670 | +€8,994 | |
| Financial income | 75/76B | €338 | €299 | -€39 | -11.5% |
| Recurring financial income | 75 | €338 | €299 | -€39 | -11.5% |
| Financial charges | 65/66B | €115 | €71 | -€44 | -38.6% |
| Recurring financial charges | 65 | €115 | €71 | -€44 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,102 | €899 | +€9,000 | |
| Income taxes | 67/77 | €0 | €579 | +€579 | |
| Profit (loss) for the period | 9904 | -€8,102 | €320 | +€8,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,102 | €320 | +€8,421 |
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 24 October 2026 via checked.be.