ARTIMET: 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.
ARTIMET
Largest movements
- Cash -€13,074
down €13,074 (-51.0%), from €25,622 to €12,548
mainly Net result for the year (-€18,242) and Other debts (-€8,287)
- Tangible fixed assets -€7,906
down €7,906 (-85.8%), from €9,213 to €1,307
of which Plant, machinery and equipment: -€6,378
- Stocks and contracts -€4,980
down €4,980 (-8.1%), from €61,632 to €56,652
- Intangible fixed assets -€1,892
down €1,892 (-100%), from €1,892 to €0
- Reserves -€12,148
down €12,148 (-100%), from €12,148 to €0
of which Distributable reserves: -€12,148
- Other debts -€8,287
down €8,287 (-12.2%), from €68,049 to €59,762
- Profit (loss) carried forward -€6,093
new in 2025: -€6,093
- Gross operating margin -€17,466
down €17,466, from €10,266 to -€7,200
- Depreciation -€7,536
down €7,536 (-43.5%), from €17,334 to €9,798
- Other operating charges -€451
down €451 (-38.5%), from €1,170 to €720
- Financial charges -€286
down €286 (-35.3%), from €810 to €525
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 | €99,383 | €72,269 | -€27,114 | -27.3% |
| Fixed assets | 21/28 | €11,105 | €1,307 | -€9,798 | -88.2% |
| Intangible fixed assets | 21 | €1,892 | €0 | -€1,892 | -100% |
| Tangible fixed assets | 22/27 | €9,213 | €1,307 | -€7,906 | -85.8% |
| Land and buildings | 22 | €198 | €58 | -€140 | -70.6% |
| Plant, machinery and equipment | 23 | €6,666 | €287 | -€6,378 | -95.7% |
| Furniture and vehicles | 24 | €2,349 | €961 | -€1,387 | -59.1% |
| Current assets | 29/58 | €88,279 | €70,962 | -€17,317 | -19.6% |
| Stocks and contracts in progress | 3 | €61,632 | €56,652 | -€4,980 | -8.1% |
| Stocks | 30/36 | €61,632 | €56,652 | -€4,980 | -8.1% |
| Amounts receivable within one year | 40/41 | €318 | €1,121 | +€803 | +253% |
| Trade receivables | 40 | €0 | €35 | +€35 | |
| Other amounts receivable | 41 | €318 | €1,086 | +€768 | +242% |
| Cash at bank and in hand | 54/58 | €25,622 | €12,548 | -€13,074 | -51.0% |
| Deferred charges and accrued income | 490/1 | €706 | €640 | -€66 | -9.4% |
| Total equity and liabilities | 10/49 | €99,383 | €72,269 | -€27,114 | -27.3% |
| Equity | 10/15 | €30,748 | €12,507 | -€18,242 | -59.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,148 | €0 | -€12,148 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €12,148 | €0 | -€12,148 | -100% |
| Profit (loss) carried forward | 14 | - | -€6,093 | -€6,093 | |
| Amounts payable | 17/49 | €68,635 | €59,762 | -€8,873 | -12.9% |
| Amounts payable within one year | 42/48 | €68,635 | €59,762 | -€8,873 | -12.9% |
| Trade debts | 44 | €496 | €0 | -€496 | -100% |
| Suppliers | 440/4 | €496 | €0 | -€496 | -100% |
| Taxes, remuneration and social security | 45 | €89 | €0 | -€89 | -100% |
| Taxes | 450/3 | €89 | €0 | -€89 | -100% |
| Other amounts payable | 47/48 | €68,049 | €59,762 | -€8,287 | -12.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,334 | €9,798 | -€7,536 | -43.5% |
| Other operating charges | 640/8 | €1,170 | €720 | -€451 | -38.5% |
| Gross operating margin | 9900 | €10,266 | -€7,200 | -€17,466 | |
| Operating profit (loss) | 9901 | -€8,238 | -€17,717 | -€9,479 | -115% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €810 | €525 | -€286 | -35.3% |
| Recurring financial charges | 65 | €810 | €525 | -€286 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,048 | -€18,242 | -€9,194 | -102% |
| Profit (loss) for the period | 9904 | -€9,048 | -€18,242 | -€9,194 | -102% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,048 | -€18,242 | -€9,194 | -102% |
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 13 October 2026 via checked.be.