ARTISHOK: 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.
ARTISHOK
Largest movements
- Cash +€92,080
up €92,080 (+39.4%), from €233,524 to €325,603
mainly Net result for the year (+€85,299) and Depreciation (+€72,467)
- Tangible fixed assets -€72,467
down €72,467 (-14.8%), from €489,603 to €417,136
of which Land and buildings: -€52,438
- Deferred charges and accrued income -€52,999
down €52,999 (-95.2%), from €55,670 to €2,671
- Trade debts -€111,759
down €111,759 (-21.7%), from €515,896 to €404,137
- Reserves +€85,299
new in 2025: €85,299
- Debts after one year -€73,143
down €73,143 (-21.6%), from €339,175 to €266,032
of which Financial debts: -€58,443
- Tax, wage and social debts +€46,528
up €46,528 (+209%), from €22,232 to €68,760
of which Taxes: +€44,665
- Taxes +€40,732
up €40,732 (+565%), from €7,206 to €47,938
- Gross operating margin +€35,821
up €35,821 (+11.5%), from €311,881 to €347,702
- Depreciation +€5,694
up €5,694 (+8.5%), from €66,773 to €72,467
- Staff costs +€4,186
up €4,186 (+3.6%), from €116,856 to €121,042
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 | €1,116,154 | €1,071,153 | -€45,001 | -4.0% |
| Fixed assets | 21/28 | €510,128 | €437,661 | -€72,467 | -14.2% |
| Tangible fixed assets | 22/27 | €489,603 | €417,136 | -€72,467 | -14.8% |
| Land and buildings | 22 | €420,345 | €367,907 | -€52,438 | -12.5% |
| Plant, machinery and equipment | 23 | €26,792 | €17,597 | -€9,195 | -34.3% |
| Furniture and vehicles | 24 | €42,466 | €31,632 | -€10,834 | -25.5% |
| Financial fixed assets | 28 | €20,525 | €20,525 | = | 0.0% |
| Current assets | 29/58 | €606,026 | €633,492 | +€27,466 | +4.5% |
| Stocks and contracts in progress | 3 | €269,345 | €262,397 | -€6,948 | -2.6% |
| Stocks | 30/36 | €269,345 | €262,397 | -€6,948 | -2.6% |
| Amounts receivable within one year | 40/41 | €47,488 | €42,821 | -€4,667 | -9.8% |
| Other amounts receivable | 41 | €47,488 | €42,821 | -€4,667 | -9.8% |
| Cash at bank and in hand | 54/58 | €233,524 | €325,603 | +€92,080 | +39.4% |
| Deferred charges and accrued income | 490/1 | €55,670 | €2,671 | -€52,999 | -95.2% |
| Total equity and liabilities | 10/49 | €1,116,154 | €1,071,153 | -€45,001 | -4.0% |
| Equity | 10/15 | €107,138 | €192,438 | +€85,299 | +79.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €85,299 | +€85,299 | |
| Distributable reserves | 133 | - | €85,299 | +€85,299 | |
| Profit (loss) carried forward | 14 | €7,138 | €7,138 | = | 0.0% |
| Amounts payable | 17/49 | €1,009,016 | €878,715 | -€130,300 | -12.9% |
| Amounts payable after more than one year | 17 | €339,175 | €266,032 | -€73,143 | -21.6% |
| Financial debts | 170/4 | €280,375 | €221,932 | -€58,443 | -20.8% |
| Advances received on contracts in progress | 176 | €58,800 | €44,100 | -€14,700 | -25.0% |
| Amounts payable within one year | 42/48 | €668,729 | €606,192 | -€62,537 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €130,601 | €133,295 | +€2,694 | +2.1% |
| Trade debts | 44 | €515,896 | €404,137 | -€111,759 | -21.7% |
| Suppliers | 440/4 | €515,896 | €404,137 | -€111,759 | -21.7% |
| Taxes, remuneration and social security | 45 | €22,232 | €68,760 | +€46,528 | +209% |
| Taxes | 450/3 | €13,482 | €58,147 | +€44,665 | +331% |
| Remuneration and social security | 454/9 | €8,750 | €10,613 | +€1,863 | +21.3% |
| Accrued charges and deferred income | 492/3 | €1,112 | €6,492 | +€5,380 | +484% |
| Remuneration, social security and pensions | 62 | €116,856 | €121,042 | +€4,186 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,773 | €72,467 | +€5,694 | +8.5% |
| Other operating charges | 640/8 | €3,698 | €3,974 | +€276 | +7.5% |
| Gross operating margin | 9900 | €311,881 | €347,702 | +€35,821 | +11.5% |
| Operating profit (loss) | 9901 | €124,554 | €150,219 | +€25,665 | +20.6% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €16,986 | €16,982 | -€4 | 0.0% |
| Recurring financial charges | 65 | €16,986 | €16,982 | -€4 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €107,573 | €133,237 | +€25,664 | +23.9% |
| Income taxes | 67/77 | €7,206 | €47,938 | +€40,732 | +565% |
| Profit (loss) for the period | 9904 | €100,367 | €85,299 | -€15,068 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,367 | €85,299 | -€15,068 | -15.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.