ARTISE: 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.
ARTISE
Largest movements
- Cash -€58,348
down €58,348 (-97.1%), from €60,081 to €1,733
mainly Contributions, distributions and other (-€87,500) and Net result for the year (-€23,244)
- Tangible fixed assets -€47,082
down €47,082 (-7.6%), from €619,665 to €572,583
- Reserves -€110,744
down €110,744 (-30.0%), from €368,789 to €258,045
of which Distributable reserves: -€106,082
- Other debts +€28,025
up €28,025 (+7,119%), from €394 to €28,419
- Debts after one year -€19,455
down €19,455 (-9.2%), from €212,179 to €192,725
- Trade debts -€14,448
down €14,448 (-66.9%), from €21,585 to €7,137
- Gross operating margin -€73,907
down €73,907 (-63.1%), from €117,048 to €43,141
- Taxes -€13,345
down €13,345 (-98.4%), from €13,568 to €223
- Financial income -€3,800
down €3,800 (-87.9%), from €4,322 to €522
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 | €838,429 | €729,520 | -€108,908 | -13.0% |
| Fixed assets | 21/28 | €619,665 | €572,583 | -€47,082 | -7.6% |
| Tangible fixed assets | 22/27 | €619,665 | €572,583 | -€47,082 | -7.6% |
| Land and buildings | 22 | €525,429 | €504,598 | -€20,831 | -4.0% |
| Plant, machinery and equipment | 23 | €4,993 | €10,027 | +€5,034 | +101% |
| Furniture and vehicles | 24 | €54,288 | €37,126 | -€17,161 | -31.6% |
| Other tangible fixed assets | 26 | €34,955 | €20,832 | -€14,123 | -40.4% |
| Current assets | 29/58 | €218,764 | €156,937 | -€61,827 | -28.3% |
| Amounts receivable within one year | 40/41 | €31,440 | €26,864 | -€4,576 | -14.6% |
| Trade receivables | 40 | €25,148 | €21,364 | -€3,784 | -15.0% |
| Other amounts receivable | 41 | €6,292 | €5,499 | -€792 | -12.6% |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,081 | €1,733 | -€58,348 | -97.1% |
| Deferred charges and accrued income | 490/1 | €2,242 | €3,340 | +€1,098 | +48.9% |
| Total equity and liabilities | 10/49 | €838,429 | €729,520 | -€108,908 | -13.0% |
| Equity | 10/15 | €558,051 | €447,307 | -€110,744 | -19.8% |
| Contributions | 10/11 | €189,262 | €189,262 | = | 0.0% |
| Reserves | 13 | €368,789 | €258,045 | -€110,744 | -30.0% |
| Tax-exempt reserves | 132 | €66,256 | €61,594 | -€4,662 | -7.0% |
| Distributable reserves | 133 | €302,533 | €196,451 | -€106,082 | -35.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €15,008 | €13,454 | -€1,554 | -10.4% |
| Deferred taxes | 168 | €15,008 | €13,454 | -€1,554 | -10.4% |
| Amounts payable | 17/49 | €265,370 | €268,760 | +€3,390 | +1.3% |
| Amounts payable after more than one year | 17 | €212,179 | €192,725 | -€19,455 | -9.2% |
| Financial debts | 170/4 | €212,179 | €192,725 | -€19,455 | -9.2% |
| Amounts payable within one year | 42/48 | €43,788 | €63,669 | +€19,881 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €18,977 | €19,455 | +€478 | +2.5% |
| Trade debts | 44 | €21,585 | €7,137 | -€14,448 | -66.9% |
| Suppliers | 440/4 | €21,585 | €7,137 | -€14,448 | -66.9% |
| Taxes, remuneration and social security | 45 | €2,833 | €8,658 | +€5,826 | +206% |
| Taxes | 450/3 | €0 | €5,809 | +€5,809 | |
| Remuneration and social security | 454/9 | €2,833 | €2,850 | +€17 | +0.6% |
| Other amounts payable | 47/48 | €394 | €28,419 | +€28,025 | +7,119% |
| Accrued charges and deferred income | 492/3 | €9,402 | €12,366 | +€2,964 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,213 | €59,380 | -€833 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€744 | €426 | +€1,170 | |
| Other operating charges | 640/8 | €3,917 | €4,159 | +€242 | +6.2% |
| Gross operating margin | 9900 | €117,048 | €43,141 | -€73,907 | -63.1% |
| Operating profit (loss) | 9901 | €53,663 | -€20,823 | -€74,486 | |
| Financial income | 75/76B | €4,322 | €522 | -€3,800 | -87.9% |
| Recurring financial income | 75 | €4,322 | €522 | -€3,800 | -87.9% |
| Financial charges | 65/66B | €5,202 | €4,274 | -€928 | -17.8% |
| Recurring financial charges | 65 | €4,642 | €4,274 | -€368 | -7.9% |
| Non-recurring financial charges | 66B | €560 | €0 | -€560 | -100% |
| Profit (loss) for the period before taxes | 9903 | €52,782 | -€24,575 | -€77,357 | |
| Transfer from deferred taxes | 780 | €1,554 | €1,554 | = | 0.0% |
| Income taxes | 67/77 | €13,568 | €223 | -€13,345 | -98.4% |
| Profit (loss) for the period | 9904 | €40,768 | -€23,244 | -€64,012 | |
| Transfer from tax-exempt reserves | 789 | €4,662 | €4,662 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,430 | -€18,582 | -€64,012 |
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.