ARTISAN: 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.
ARTISAN
Largest movements
- Cash +€126,810
up €126,810 (+100%), from €126,494 to €253,304
mainly Net result for the year (+€75,298) and Trade debts (+€68,792)
- Tangible fixed assets -€35,505
down €35,505 (-9.3%), from €379,896 to €344,391
of which Land and buildings: -€18,246
- Receivables within one year +€17,616
up €17,616 (+20.6%), from €85,480 to €103,096
of which Trade receivables: +€65,830
- Reserves +€75,298
up €75,298 (+66.6%), from €113,067 to €188,365
- Trade debts +€68,792
up €68,792 (+194%), from €35,465 to €104,257
- Debts after one year -€21,798
down €21,798 (-27.1%), from €80,460 to €58,662
- Other debts -€17,127
down €17,127 (-27.7%), from €61,868 to €44,741
- Gross operating margin +€112,992
up €112,992 (+41.7%), from €270,944 to €383,936
- Taxes +€24,605
up €24,605 (+471%), from €5,226 to €29,831
- Staff costs +€20,676
up €20,676 (+10.6%), from €195,256 to €215,932
- Depreciation +€9,109
up €9,109 (+18.8%), from €48,362 to €57,470
- Other operating charges -€6,045
down €6,045 (-70.9%), from €8,526 to €2,482
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 | €592,398 | €701,128 | +€108,730 | +18.4% |
| Fixed assets | 21/28 | €379,896 | €344,391 | -€35,505 | -9.3% |
| Tangible fixed assets | 22/27 | €379,896 | €344,391 | -€35,505 | -9.3% |
| Land and buildings | 22 | €246,682 | €228,436 | -€18,246 | -7.4% |
| Plant, machinery and equipment | 23 | €69,834 | €68,845 | -€989 | -1.4% |
| Furniture and vehicles | 24 | €63,380 | €47,110 | -€16,270 | -25.7% |
| Current assets | 29/58 | €212,502 | €356,737 | +€144,236 | +67.9% |
| Amounts receivable within one year | 40/41 | €85,480 | €103,096 | +€17,616 | +20.6% |
| Trade receivables | 40 | €29,877 | €95,707 | +€65,830 | +220% |
| Other amounts receivable | 41 | €55,603 | €7,389 | -€48,214 | -86.7% |
| Cash at bank and in hand | 54/58 | €126,494 | €253,304 | +€126,810 | +100% |
| Deferred charges and accrued income | 490/1 | €528 | €338 | -€190 | -36.0% |
| Total equity and liabilities | 10/49 | €592,398 | €701,128 | +€108,730 | +18.4% |
| Equity | 10/15 | €391,010 | €466,308 | +€75,298 | +19.3% |
| Contributions | 10/11 | €99,550 | €99,550 | = | 0.0% |
| Reserves | 13 | €113,067 | €188,365 | +€75,298 | +66.6% |
| Distributable reserves | 133 | €113,067 | €188,365 | +€75,298 | +66.6% |
| Profit (loss) carried forward | 14 | €178,393 | €178,393 | = | 0.0% |
| Amounts payable | 17/49 | €201,388 | €234,820 | +€33,432 | +16.6% |
| Amounts payable after more than one year | 17 | €80,460 | €58,662 | -€21,798 | -27.1% |
| Financial debts | 170/4 | €80,460 | €58,662 | -€21,798 | -27.1% |
| Amounts payable within one year | 42/48 | €120,928 | €174,056 | +€53,128 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €21,310 | €21,798 | +€489 | +2.3% |
| Trade debts | 44 | €35,465 | €104,257 | +€68,792 | +194% |
| Suppliers | 440/4 | €35,465 | €104,257 | +€68,792 | +194% |
| Taxes, remuneration and social security | 45 | €2,285 | €3,260 | +€975 | +42.6% |
| Taxes | 450/3 | €2,285 | €3,260 | +€975 | +42.6% |
| Other amounts payable | 47/48 | €61,868 | €44,741 | -€17,127 | -27.7% |
| Accrued charges and deferred income | 492/3 | - | €2,102 | +€2,102 | |
| Remuneration, social security and pensions | 62 | €195,256 | €215,932 | +€20,676 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,362 | €57,470 | +€9,109 | +18.8% |
| Other operating charges | 640/8 | €8,526 | €2,482 | -€6,045 | -70.9% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €270,944 | €383,936 | +€112,992 | +41.7% |
| Operating profit (loss) | 9901 | €18,300 | €108,052 | +€89,752 | +490% |
| Financial income | 75/76B | €305 | €1,028 | +€722 | +237% |
| Recurring financial income | 75 | €305 | €1,028 | +€722 | +237% |
| Financial charges | 65/66B | €3,777 | €3,950 | +€173 | +4.6% |
| Recurring financial charges | 65 | €3,777 | €3,950 | +€173 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €14,828 | €105,129 | +€90,301 | +609% |
| Income taxes | 67/77 | €5,226 | €29,831 | +€24,605 | +471% |
| Profit (loss) for the period | 9904 | €9,602 | €75,298 | +€65,696 | +684% |
| Profit (loss) for the period to be appropriated | 9905 | €9,602 | €75,298 | +€65,696 | +684% |
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 14 October 2026 via checked.be.