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
- Tangible fixed assets +€26,641
up €26,641 (+134%), from €19,936 to €46,577
of which Furniture and vehicles: +€31,089
- Cash +€9,383
up €9,383 (+65.6%), from €14,311 to €23,695
mainly Net result for the year (+€54,387) and Depreciation (+€6,531)
- Stocks and contracts +€3,451
up €3,451 (+113%), from €3,049 to €6,500
- Receivables within one year -€3,117
down €3,117 (-4.6%), from €67,555 to €64,438
of which Other amounts receivable: -€7,495
- Profit (loss) carried forward +€54,399
up €54,399 (+94.8%), from -€57,405 to -€3,006
- Other debts -€9,289
down €9,289 (-8.1%), from €115,137 to €105,847
- Trade debts -€4,882
down €4,882 (-20.7%), from €23,614 to €18,732
- Tax, wage and social debts -€3,277
down €3,277 (-21.0%), from €15,621 to €12,344
of which Taxes: -€1,851
- Gross operating margin +€79,004
up €79,004 (+190%), from €41,640 to €120,644
- Taxes +€3,008
up €3,008 (+2,156%), from €140 to €3,147
- Depreciation +€2,659
up €2,659 (+68.7%), from €3,872 to €6,531
- Financial charges +€2,417
up €2,417 (+124%), from €1,952 to €4,369
of which Non-recurring financial charges: +€2,972
- Provisions +€1,924
new in 2025: €1,924
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 | €114,375 | €151,123 | +€36,748 | +32.1% |
| Fixed assets | 21/28 | €27,476 | €54,377 | +€26,901 | +97.9% |
| Tangible fixed assets | 22/27 | €19,936 | €46,577 | +€26,641 | +134% |
| Plant, machinery and equipment | 23 | €12,830 | €10,160 | -€2,670 | -20.8% |
| Furniture and vehicles | 24 | €5,328 | €36,417 | +€31,089 | +583% |
| Other tangible fixed assets | 26 | €1,779 | €0 | -€1,779 | -100% |
| Financial fixed assets | 28 | €7,540 | €7,800 | +€260 | +3.4% |
| Current assets | 29/58 | €86,898 | €96,746 | +€9,848 | +11.3% |
| Stocks and contracts in progress | 3 | €3,049 | €6,500 | +€3,451 | +113% |
| Stocks | 30/36 | €3,049 | €6,500 | +€3,451 | +113% |
| Amounts receivable within one year | 40/41 | €67,555 | €64,438 | -€3,117 | -4.6% |
| Trade receivables | 40 | €59,889 | €64,267 | +€4,378 | +7.3% |
| Other amounts receivable | 41 | €7,666 | €172 | -€7,495 | -97.8% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,311 | €23,695 | +€9,383 | +65.6% |
| Deferred charges and accrued income | 490/1 | €1,983 | €2,113 | +€130 | +6.6% |
| Total equity and liabilities | 10/49 | €114,375 | €151,123 | +€36,748 | +32.1% |
| Equity | 10/15 | -€40,200 | €14,199 | +€54,399 | |
| Contributions | 10/11 | €15,700 | €15,700 | = | 0.0% |
| Reserves | 13 | €1,506 | €1,506 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,506 | €1,506 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,506 | €1,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,405 | -€3,006 | +€54,399 | +94.8% |
| Amounts payable | 17/49 | €154,574 | €136,924 | -€17,651 | -11.4% |
| Amounts payable within one year | 42/48 | €154,384 | €136,924 | -€17,460 | -11.3% |
| Financial debts | 43 | €12 | €0 | -€12 | -100% |
| Credit institutions | 430/8 | €12 | €0 | -€12 | -100% |
| Trade debts | 44 | €23,614 | €18,732 | -€4,882 | -20.7% |
| Suppliers | 440/4 | €23,614 | €18,732 | -€4,882 | -20.7% |
| Taxes, remuneration and social security | 45 | €15,621 | €12,344 | -€3,277 | -21.0% |
| Taxes | 450/3 | €7,785 | €5,934 | -€1,851 | -23.8% |
| Remuneration and social security | 454/9 | €7,836 | €6,410 | -€1,426 | -18.2% |
| Other amounts payable | 47/48 | €115,137 | €105,847 | -€9,289 | -8.1% |
| Accrued charges and deferred income | 492/3 | €190 | €0 | -€190 | -100% |
| Non-recurring operating income | 76A | €0 | €7,361 | +€7,361 | |
| Remuneration, social security and pensions | 62 | €44,217 | €45,180 | +€962 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,872 | €6,531 | +€2,659 | +68.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,924 | +€1,924 | |
| Other operating charges | 640/8 | €1,214 | €2,038 | +€825 | +68.0% |
| Non-recurring operating charges | 66A | - | €3,074 | +€3,074 | |
| Gross operating margin | 9900 | €41,640 | €120,644 | +€79,004 | +190% |
| Operating profit (loss) | 9901 | -€7,663 | €61,897 | +€69,560 | |
| Financial income | 75/76B | €182 | €7 | -€175 | -96.3% |
| Recurring financial income | 75 | €182 | €7 | -€175 | -96.3% |
| Financial charges | 65/66B | €1,952 | €4,369 | +€2,417 | +124% |
| Recurring financial charges | 65 | €1,952 | €1,397 | -€555 | -28.4% |
| Non-recurring financial charges | 66B | - | €2,972 | +€2,972 | |
| Profit (loss) for the period before taxes | 9903 | -€9,433 | €57,535 | +€66,968 | |
| Income taxes | 67/77 | €140 | €3,147 | +€3,008 | +2,156% |
| Profit (loss) for the period | 9904 | -€9,572 | €54,387 | +€63,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,572 | €54,387 | +€63,960 |
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.