ARTINFIN: 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.
ARTINFIN
Largest movements
- Cash +€47,104
up €47,104 (+115%), from €41,035 to €88,139
mainly Net result for the year (+€86,735) and Other debts (+€16,260)
- Current investments +€24,500
up €24,500 (+24.5%), from €100,000 to €124,500
- Tangible fixed assets -€7,216
down €7,216 (-17.9%), from €40,245 to €33,028
of which Furniture and vehicles: -€5,024
- Receivables within one year +€3,602
up €3,602 (+19.6%), from €18,392 to €21,994
of which Other amounts receivable: +€7,837
- Profit (loss) carried forward +€62,063
up €62,063 (+36.9%), from €168,155 to €230,218
- Other debts +€16,260
up €16,260 (+549%), from €2,960 to €19,220
- Accrued charges and deferred income -€6,789
down €6,789 (-100%), from €6,789 to €0
- Tax, wage and social debts -€5,006
down €5,006 (-32.8%), from €15,276 to €10,270
of which Taxes: -€5,006
- Gross operating margin +€33,292
up €33,292 (+30.4%), from €109,353 to €142,645
- Financial charges +€22,276
up €22,276 (+12,189%), from €183 to €22,459
- Taxes +€3,667
up €3,667 (+17.1%), from €21,477 to €25,144
- Financial income +€1,863
up €1,863 (+105%), from €1,772 to €3,635
- Other operating charges +€1,768
up €1,768 (+332%), from €532 to €2,301
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 | €200,073 | €268,102 | +€68,029 | +34.0% |
| Fixed assets | 21/28 | €40,245 | €33,028 | -€7,216 | -17.9% |
| Tangible fixed assets | 22/27 | €40,245 | €33,028 | -€7,216 | -17.9% |
| Furniture and vehicles | 24 | €22,131 | €17,107 | -€5,024 | -22.7% |
| Other tangible fixed assets | 26 | €18,114 | €15,922 | -€2,192 | -12.1% |
| Current assets | 29/58 | €159,828 | €235,073 | +€75,245 | +47.1% |
| Amounts receivable within one year | 40/41 | €18,392 | €21,994 | +€3,602 | +19.6% |
| Trade receivables | 40 | €16,335 | €12,100 | -€4,235 | -25.9% |
| Other amounts receivable | 41 | €2,057 | €9,894 | +€7,837 | +381% |
| Current investments | 50/53 | €100,000 | €124,500 | +€24,500 | +24.5% |
| Cash at bank and in hand | 54/58 | €41,035 | €88,139 | +€47,104 | +115% |
| Deferred charges and accrued income | 490/1 | €402 | €441 | +€39 | +9.8% |
| Total equity and liabilities | 10/49 | €200,073 | €268,102 | +€68,029 | +34.0% |
| Equity | 10/15 | €173,155 | €235,218 | +€62,063 | +35.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,155 | €230,218 | +€62,063 | +36.9% |
| Amounts payable | 17/49 | €26,918 | €32,884 | +€5,965 | +22.2% |
| Amounts payable within one year | 42/48 | €20,130 | €32,884 | +€12,754 | +63.4% |
| Trade debts | 44 | €1,894 | €3,394 | +€1,500 | +79.2% |
| Suppliers | 440/4 | €1,894 | €3,394 | +€1,500 | +79.2% |
| Taxes, remuneration and social security | 45 | €15,276 | €10,270 | -€5,006 | -32.8% |
| Taxes | 450/3 | €13,776 | €8,770 | -€5,006 | -36.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €2,960 | €19,220 | +€16,260 | +549% |
| Accrued charges and deferred income | 492/3 | €6,789 | €0 | -€6,789 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,354 | €9,642 | +€288 | +3.1% |
| Other operating charges | 640/8 | €532 | €2,301 | +€1,768 | +332% |
| Gross operating margin | 9900 | €109,353 | €142,645 | +€33,292 | +30.4% |
| Operating profit (loss) | 9901 | €99,467 | €130,702 | +€31,236 | +31.4% |
| Financial income | 75/76B | €1,772 | €3,635 | +€1,863 | +105% |
| Recurring financial income | 75 | €1,772 | €3,635 | +€1,863 | +105% |
| Financial charges | 65/66B | €183 | €22,459 | +€22,276 | +12,189% |
| Recurring financial charges | 65 | €183 | €22,459 | +€22,276 | +12,189% |
| Profit (loss) for the period before taxes | 9903 | €101,056 | €111,879 | +€10,823 | +10.7% |
| Income taxes | 67/77 | €21,477 | €25,144 | +€3,667 | +17.1% |
| Profit (loss) for the period | 9904 | €79,579 | €86,735 | +€7,156 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,579 | €86,735 | +€7,156 | +9.0% |
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 25 October 2026 via checked.be.