ARTIS: 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.
ARTIS
Largest movements
- Cash +€58,563
up €58,563 (+152%), from €38,455 to €97,019
mainly Receivables within one year (+€57,129) and Advances received (+€31,327)
- Receivables within one year -€57,129
down €57,129 (-13.8%), from €414,148 to €357,019
of which Trade receivables: -€63,093
- Tangible fixed assets +€33,535
up €33,535 (+122%), from €27,598 to €61,133
of which Furniture and vehicles: +€32,552
- Deferred charges and accrued income +€9,018
up €9,018 (+3,941%), from €229 to €9,247
- Advances received +€31,327
up €31,327 (+21.7%), from €144,053 to €175,380
- Trade debts -€30,739
down €30,739 (-14.7%), from €209,721 to €178,983
- Profit (loss) carried forward +€20,942
up €20,942 (+36.9%), from €56,823 to €77,765
- Tax, wage and social debts +€17,951
up €17,951 (+249%), from €7,215 to €25,166
of which Remuneration and social security: +€11,569
- Debts after one year +€16,390
up €16,390 (+94.1%), from €17,420 to €33,811
- Gross operating margin +€60,029
up €60,029 (+174%), from €34,406 to €94,436
- Staff costs +€35,530
up €35,530 (+274%), from €12,976 to €48,506
- Depreciation -€8,113
down €8,113 (-61.5%), from €13,192 to €5,078
- Other operating charges +€6,200
up €6,200 (+153%), from €4,042 to €10,242
- Taxes +€2,360
up €2,360 (+50.3%), from €4,691 to €7,051
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 | €483,614 | €528,073 | +€44,458 | +9.2% |
| Fixed assets | 21/28 | €27,961 | €61,496 | +€33,535 | +120% |
| Tangible fixed assets | 22/27 | €27,598 | €61,133 | +€33,535 | +122% |
| Plant, machinery and equipment | 23 | €538 | €1,521 | +€983 | +183% |
| Furniture and vehicles | 24 | €27,060 | €59,612 | +€32,552 | +120% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €455,653 | €466,576 | +€10,923 | +2.4% |
| Stocks and contracts in progress | 3 | €2,821 | €3,292 | +€471 | +16.7% |
| Stocks | 30/36 | €2,821 | €3,292 | +€471 | +16.7% |
| Amounts receivable within one year | 40/41 | €414,148 | €357,019 | -€57,129 | -13.8% |
| Trade receivables | 40 | €409,340 | €346,246 | -€63,093 | -15.4% |
| Other amounts receivable | 41 | €4,808 | €10,773 | +€5,965 | +124% |
| Cash at bank and in hand | 54/58 | €38,455 | €97,019 | +€58,563 | +152% |
| Deferred charges and accrued income | 490/1 | €229 | €9,247 | +€9,018 | +3,941% |
| Total equity and liabilities | 10/49 | €483,614 | €528,073 | +€44,458 | +9.2% |
| Equity | 10/15 | €76,823 | €97,765 | +€20,942 | +27.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,823 | €77,765 | +€20,942 | +36.9% |
| Amounts payable | 17/49 | €406,792 | €430,308 | +€23,516 | +5.8% |
| Amounts payable after more than one year | 17 | €17,420 | €33,811 | +€16,390 | +94.1% |
| Financial debts | 170/4 | €17,420 | €33,811 | +€16,390 | +94.1% |
| Amounts payable within one year | 42/48 | €389,081 | €396,497 | +€7,417 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €6,842 | €9,595 | +€2,753 | +40.2% |
| Trade debts | 44 | €209,721 | €178,983 | -€30,739 | -14.7% |
| Suppliers | 440/4 | €209,721 | €178,983 | -€30,739 | -14.7% |
| Advances received on contracts in progress | 46 | €144,053 | €175,380 | +€31,327 | +21.7% |
| Taxes, remuneration and social security | 45 | €7,215 | €25,166 | +€17,951 | +249% |
| Taxes | 450/3 | €7,215 | €13,596 | +€6,382 | +88.5% |
| Remuneration and social security | 454/9 | €0 | €11,569 | +€11,569 | |
| Other amounts payable | 47/48 | €21,250 | €7,374 | -€13,876 | -65.3% |
| Accrued charges and deferred income | 492/3 | €291 | - | -€291 | |
| Remuneration, social security and pensions | 62 | €12,976 | €48,506 | +€35,530 | +274% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,192 | €5,078 | -€8,113 | -61.5% |
| Other operating charges | 640/8 | €4,042 | €10,242 | +€6,200 | +153% |
| Gross operating margin | 9900 | €34,406 | €94,436 | +€60,029 | +174% |
| Operating profit (loss) | 9901 | €4,196 | €30,610 | +€26,413 | +629% |
| Financial income | 75/76B | €501 | €108 | -€393 | -78.4% |
| Recurring financial income | 75 | €501 | €108 | -€393 | -78.4% |
| Financial charges | 65/66B | €2,440 | €2,725 | +€285 | +11.7% |
| Recurring financial charges | 65 | €2,440 | €2,725 | +€285 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €2,257 | €27,992 | +€25,735 | +1,140% |
| Income taxes | 67/77 | €4,691 | €7,051 | +€2,360 | +50.3% |
| Profit (loss) for the period | 9904 | -€2,434 | €20,942 | +€23,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,434 | €20,942 | +€23,375 |
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 16 October 2026 via checked.be.