ARTIOSI: 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.
What changed
ARTIOSI
NACE 46.494, Wholesale of non-electrical household articles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€212,134
2024 · -€193,075-€19,059
Equity
-€545,758
2024 · -€333,624-€212,134
Cash
€40,321
2024 · €53,476-€13,155
Balance sheet total
€1.5m
2024 · €1.5m-€4,730
Largest movements
Assets
- Stocks and contracts +€191,136
up €191,136 (+39.5%), from €483,477 to €674,613
- Receivables within one year -€105,830
down €105,830 (-15.1%), from €702,650 to €596,820
of which Trade receivables: -€101,722
- Tangible fixed assets -€45,431
down €45,431 (-29.6%), from €153,655 to €108,224
- Deferred charges and accrued income -€30,630
down €30,630 (-38.1%), from €80,469 to €49,839
Equity and liabilities
- Short-term financial debts +€284,788
up €284,788 (+97.3%), from €292,606 to €577,394
- Profit (loss) carried forward -€212,134
down €212,134 (-54.6%), from -€388,209 to -€600,343
- Tax, wage and social debts +€196,608
up €196,608 (+83.0%), from €236,758 to €433,366
of which Taxes: +€165,901
- Advances received -€188,378
down €188,378 (-29.1%), from €647,094 to €458,715
- Accrued charges and deferred income -€79,330
down €79,330 (-100.0%), from €79,330 to €0
Income statement
- Staff costs +€119,804
up €119,804 (+13.3%), from €897,427 to €1.0m
- Gross operating margin +€73,110
up €73,110 (+8.9%), from €826,083 to €899,193
- Other operating charges -€44,241
down €44,241 (-70.3%), from €62,955 to €18,714
- Write-downs +€17,471
up €17,471, from -€17,471 to €0
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.
Result 2024
-€193,075
Gross operating margin
+€73,110
Staff costs
-€119,804
Depreciation
+€7,120
Write-downs
-€17,471
Other operating charges
+€44,241
Other operating items
-€4,722
Financial income
+€574
Financial charges
-€1,752
Taxes
-€354
Result 2025
-€212,134
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.
From operations
-€279,206
Investment
-€1,957
Financing
+€268,008
Cash 2024
€53,476
From operations (derived)
-€279,206
Net result for the year
-€212,134
Depreciation
+€48,208
Stocks and contracts
-€191,136
Receivables within one year
+€105,830
Deferred charges and accrued income
+€30,630
Trade debts
-€52,125
Tax, wage and social debts
+€196,608
Advances received
-€188,378
Other debts
+€62,622
Accrued charges and deferred income
-€79,330
Investment (derived)
-€1,957
Investment in fixed assets (net)
-€1,957
Financing
+€268,008
Debts after one year
-€15,815
Current portion of long-term debt
-€965
Short-term financial debts
+€284,788
Cash 2025
€40,321
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,485,854 | €1,481,124 | -€4,730 | -0.3% |
| Fixed assets | 21/28 | €165,782 | €119,531 | -€46,251 | -27.9% |
| Intangible fixed assets | 21 | €3,400 | €2,580 | -€820 | -24.1% |
| Tangible fixed assets | 22/27 | €153,655 | €108,224 | -€45,431 | -29.6% |
| Plant, machinery and equipment | 23 | €54,393 | €36,444 | -€17,949 | -33.0% |
| Furniture and vehicles | 24 | €59,007 | €40,443 | -€18,565 | -31.5% |
| Other tangible fixed assets | 26 | €40,255 | €31,338 | -€8,918 | -22.2% |
| Financial fixed assets | 28 | €8,727 | €8,727 | = | 0.0% |
| Current assets | 29/58 | €1,320,072 | €1,361,593 | +€41,522 | +3.1% |
| Stocks and contracts in progress | 3 | €483,477 | €674,613 | +€191,136 | +39.5% |
| Stocks | 30/36 | €483,477 | €674,613 | +€191,136 | +39.5% |
| Amounts receivable within one year | 40/41 | €702,650 | €596,820 | -€105,830 | -15.1% |
| Trade receivables | 40 | €439,800 | €338,078 | -€101,722 | -23.1% |
| Other amounts receivable | 41 | €262,850 | €258,742 | -€4,108 | -1.6% |
| Cash at bank and in hand | 54/58 | €53,476 | €40,321 | -€13,155 | -24.6% |
| Deferred charges and accrued income | 490/1 | €80,469 | €49,839 | -€30,630 | -38.1% |
| Total equity and liabilities | 10/49 | €1,485,854 | €1,481,124 | -€4,730 | -0.3% |
| Equity | 10/15 | -€333,624 | -€545,758 | -€212,134 | -63.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,385 | €48,385 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €46,526 | €46,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€388,209 | -€600,343 | -€212,134 | -54.6% |
| Amounts payable | 17/49 | €1,819,478 | €2,026,882 | +€207,404 | +11.4% |
| Amounts payable after more than one year | 17 | €51,394 | €35,578 | -€15,815 | -30.8% |
| Financial debts | 170/4 | €51,394 | €35,578 | -€15,815 | -30.8% |
| Amounts payable within one year | 42/48 | €1,688,754 | €1,991,304 | +€302,549 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €18,082 | €17,117 | -€965 | -5.3% |
| Financial debts | 43 | €292,606 | €577,394 | +€284,788 | +97.3% |
| Credit institutions | 430/8 | €292,606 | €577,394 | +€284,788 | +97.3% |
| Trade debts | 44 | €494,215 | €442,090 | -€52,125 | -10.5% |
| Suppliers | 440/4 | €494,215 | €442,090 | -€52,125 | -10.5% |
| Advances received on contracts in progress | 46 | €647,094 | €458,715 | -€188,378 | -29.1% |
| Taxes, remuneration and social security | 45 | €236,758 | €433,366 | +€196,608 | +83.0% |
| Taxes | 450/3 | €86,285 | €252,186 | +€165,901 | +192.3% |
| Remuneration and social security | 454/9 | €150,473 | €181,181 | +€30,708 | +20.4% |
| Other amounts payable | 47/48 | - | €62,622 | +€62,622 | |
| Accrued charges and deferred income | 492/3 | €79,330 | €0 | -€79,330 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €897,427 | €1,017,231 | +€119,804 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,329 | €48,208 | -€7,120 | -12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,471 | €0 | +€17,471 | |
| Other operating charges | 640/8 | €62,955 | €18,714 | -€44,241 | -70.3% |
| Non-recurring operating charges | 66A | - | €4,722 | +€4,722 | |
| Gross operating margin | 9900 | €826,083 | €899,193 | +€73,110 | +8.9% |
| Operating profit (loss) | 9901 | -€172,156 | -€189,683 | -€17,527 | -10.2% |
| Financial income | 75/76B | €4,870 | €5,444 | +€574 | +11.8% |
| Recurring financial income | 75 | €4,870 | €5,444 | +€574 | +11.8% |
| Financial charges | 65/66B | €24,613 | €26,365 | +€1,752 | +7.1% |
| Recurring financial charges | 65 | €24,613 | €26,365 | +€1,752 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€191,899 | -€210,604 | -€18,704 | -9.7% |
| Income taxes | 67/77 | €1,176 | €1,530 | +€354 | +30.1% |
| Profit (loss) for the period | 9904 | -€193,075 | -€212,134 | -€19,059 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,075 | -€212,134 | -€19,059 | -9.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.