ARTIS: 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.
ARTIS
Largest movements
- Receivables within one year +€8,521
up €8,521 (+12.8%), from €66,349 to €74,870
of which Trade receivables: +€7,122
- Tangible fixed assets +€7,175
up €7,175 (+15.3%), from €46,779 to €53,954
of which Other tangible fixed assets: +€13,657
- Cash +€3,103
up €3,103 (+25.0%), from €12,424 to €15,526
mainly Other debts (+€82,662) and Depreciation (+€13,786)
- Other debts +€82,662
up €82,662 (+3185.0%), from €2,595 to €85,258
- Profit (loss) carried forward -€78,418
no longer reported in 2025 (was €78,418)
- Trade debts +€10,893
up €10,893 (+1050.3%), from €1,037 to €11,931
- Tax, wage and social debts +€3,282
up €3,282 (+116.2%), from €2,825 to €6,107
- Gross operating margin -€16,858
down €16,858 (-65.8%), from €25,637 to €8,779
- Taxes -€2,631
down €2,631 (-90.2%), from €2,917 to €287
- Other operating charges -€482
down €482 (-35.8%), from €1,346 to €864
- Financial charges +€344
up €344 (+163.0%), from €211 to €555
- Depreciation -€269
down €269 (-1.9%), from €14,056 to €13,786
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,730 | €147,315 | +€18,585 | +14.4% |
| Fixed assets | 21/28 | €46,779 | €53,954 | +€7,175 | +15.3% |
| Tangible fixed assets | 22/27 | €46,779 | €53,954 | +€7,175 | +15.3% |
| Land and buildings | 22 | €4,750 | €4,750 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €2,880 | +€2,880 | |
| Furniture and vehicles | 24 | €40,652 | €31,290 | -€9,362 | -23.0% |
| Other tangible fixed assets | 26 | €1,378 | €15,035 | +€13,657 | +991.3% |
| Current assets | 29/58 | €81,950 | €93,361 | +€11,410 | +13.9% |
| Amounts receivable within one year | 40/41 | €66,349 | €74,870 | +€8,521 | +12.8% |
| Trade receivables | 40 | €35,453 | €42,575 | +€7,122 | +20.1% |
| Other amounts receivable | 41 | €30,896 | €32,296 | +€1,399 | +4.5% |
| Cash at bank and in hand | 54/58 | €12,424 | €15,526 | +€3,103 | +25.0% |
| Deferred charges and accrued income | 490/1 | €3,178 | €2,964 | -€213 | -6.7% |
| Total equity and liabilities | 10/49 | €128,730 | €147,315 | +€18,585 | +14.4% |
| Equity | 10/15 | €98,823 | €20,405 | -€78,418 | -79.4% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,418 | - | -€78,418 | |
| Amounts payable | 17/49 | €29,907 | €126,910 | +€97,003 | +324.4% |
| Amounts payable after more than one year | 17 | €21,250 | €21,250 | = | 0.0% |
| Financial debts | 170/4 | €21,250 | €21,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,657 | €105,660 | +€97,003 | +1120.6% |
| Current portion of amounts payable after more than one year | 42 | €2,199 | €2,365 | +€166 | +7.5% |
| Trade debts | 44 | €1,037 | €11,931 | +€10,893 | +1050.3% |
| Suppliers | 440/4 | €1,037 | €11,931 | +€10,893 | +1050.3% |
| Taxes, remuneration and social security | 45 | €2,825 | €6,107 | +€3,282 | +116.2% |
| Taxes | 450/3 | €2,825 | €6,107 | +€3,282 | +116.2% |
| Other amounts payable | 47/48 | €2,595 | €85,258 | +€82,662 | +3185.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,056 | €13,786 | -€269 | -1.9% |
| Other operating charges | 640/8 | €1,346 | €864 | -€482 | -35.8% |
| Gross operating margin | 9900 | €25,637 | €8,779 | -€16,858 | -65.8% |
| Operating profit (loss) | 9901 | €10,235 | -€5,871 | -€16,107 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €211 | €555 | +€344 | +163.0% |
| Recurring financial charges | 65 | €211 | €555 | +€344 | +163.0% |
| Profit (loss) for the period before taxes | 9903 | €10,028 | -€6,426 | -€16,454 | |
| Income taxes | 67/77 | €2,917 | €287 | -€2,631 | -90.2% |
| Profit (loss) for the period | 9904 | €7,111 | -€6,713 | -€13,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,111 | -€6,713 | -€13,824 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.