ARTISAM: 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.
ARTISAM
Largest movements
- Receivables within one year -€41,945
down €41,945 (-86.3%), from €48,609 to €6,664
of which Trade receivables: -€48,400
- Tangible fixed assets -€18,785
down €18,785 (-3.4%), from €550,274 to €531,489
- Cash +€18,505
up €18,505 (+11.6%), from €160,063 to €178,568
mainly Net result for the year (+€44,813) and Receivables within one year (+€41,945)
- Debts after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Reserves +€21,392
up €21,392 (+3.0%), from €717,610 to €739,002
of which Distributable reserves: +€21,392
- Other debts -€16,210
down €16,210 (-94.9%), from €17,083 to €873
- Gross operating margin +€18,311
up €18,311 (+25.1%), from €73,038 to €91,349
- Taxes +€5,772
up €5,772 (+48.8%), from €11,834 to €17,605
- Financial charges -€2,720
down €2,720 (-96.6%), from €2,816 to €97
- Depreciation -€1,100
down €1,100 (-5.5%), from €19,884 to €18,785
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 | €855,076 | €811,927 | -€43,149 | -5.0% |
| Fixed assets | 21/28 | €550,274 | €531,489 | -€18,785 | -3.4% |
| Tangible fixed assets | 22/27 | €550,274 | €531,489 | -€18,785 | -3.4% |
| Land and buildings | 22 | €550,274 | €531,489 | -€18,785 | -3.4% |
| Current assets | 29/58 | €304,802 | €280,438 | -€24,364 | -8.0% |
| Amounts receivable within one year | 40/41 | €48,609 | €6,664 | -€41,945 | -86.3% |
| Trade receivables | 40 | €48,400 | €0 | -€48,400 | -100% |
| Other amounts receivable | 41 | €209 | €6,664 | +€6,455 | +3,094% |
| Current investments | 50/53 | €91,950 | €91,950 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,063 | €178,568 | +€18,505 | +11.6% |
| Deferred charges and accrued income | 490/1 | €4,181 | €3,257 | -€924 | -22.1% |
| Total equity and liabilities | 10/49 | €855,076 | €811,927 | -€43,149 | -5.0% |
| Equity | 10/15 | €779,110 | €800,502 | +€21,392 | +2.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €717,610 | €739,002 | +€21,392 | +3.0% |
| Non-distributable reserves | 130/1 | €27,416 | €27,416 | = | 0.0% |
| Legal reserve | 130 | €27,416 | €27,416 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,283 | €13,283 | = | 0.0% |
| Distributable reserves | 133 | €676,911 | €698,302 | +€21,392 | +3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,965 | €11,425 | -€64,540 | -85.0% |
| Amounts payable after more than one year | 17 | €50,000 | €0 | -€50,000 | -100% |
| Financial debts | 170/4 | €50,000 | €0 | -€50,000 | -100% |
| Amounts payable within one year | 42/48 | €25,484 | €11,425 | -€14,059 | -55.2% |
| Trade debts | 44 | €380 | €736 | +€356 | +93.8% |
| Suppliers | 440/4 | €380 | €736 | +€356 | +93.8% |
| Taxes, remuneration and social security | 45 | €8,022 | €9,817 | +€1,795 | +22.4% |
| Taxes | 450/3 | €8,022 | €9,817 | +€1,795 | +22.4% |
| Other amounts payable | 47/48 | €17,083 | €873 | -€16,210 | -94.9% |
| Accrued charges and deferred income | 492/3 | €481 | €0 | -€481 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,884 | €18,785 | -€1,100 | -5.5% |
| Other operating charges | 640/8 | €10,337 | €10,576 | +€239 | +2.3% |
| Gross operating margin | 9900 | €73,038 | €91,349 | +€18,311 | +25.1% |
| Operating profit (loss) | 9901 | €42,817 | €61,988 | +€19,171 | +44.8% |
| Financial income | 75/76B | €0 | €526 | +€526 | |
| Recurring financial income | 75 | €0 | €526 | +€526 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,816 | €97 | -€2,720 | -96.6% |
| Recurring financial charges | 65 | €2,816 | €97 | -€2,720 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €40,001 | €62,418 | +€22,417 | +56.0% |
| Income taxes | 67/77 | €11,834 | €17,605 | +€5,772 | +48.8% |
| Profit (loss) for the period | 9904 | €28,167 | €44,813 | +€16,645 | +59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,167 | €44,813 | +€16,645 | +59.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.