ARTISIUM: 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.
ARTISIUM
Largest movements
- Cash +€13,287
up €13,287 (+15.9%), from €83,607 to €96,895
mainly Depreciation (+€123,783) and Contributions, distributions and other (+€26,184)
- Debts after one year -€36,513
down €36,513 (-24.9%), from €146,614 to €110,101
- Contributions +€26,184
up €26,184 (+19.8%), from €132,386 to €158,570
- Tax, wage and social debts +€24,675
up €24,675 (+77.9%), from €31,681 to €56,356
of which Taxes: +€35,590
- Gross operating margin +€86,025
up €86,025 (+68.4%), from €125,703 to €211,729
- Staff costs +€47,577
up €47,577 (+242%), from €19,629 to €67,206
- Depreciation +€28,141
up €28,141 (+29.4%), from €95,642 to €123,783
- Financial charges +€9,340
up €9,340 (+216%), from €4,317 to €13,657
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 | €877,243 | €901,623 | +€24,380 | +2.8% |
| Fixed assets | 21/28 | €321,352 | €325,769 | +€4,417 | +1.4% |
| Tangible fixed assets | 22/27 | €321,352 | €324,551 | +€3,199 | +1.0% |
| Land and buildings | 22 | €4,133 | €2,215 | -€1,918 | -46.4% |
| Furniture and vehicles | 24 | €316,328 | €321,581 | +€5,252 | +1.7% |
| Other tangible fixed assets | 26 | €891 | €755 | -€135 | -15.2% |
| Financial fixed assets | 28 | - | €1,218 | +€1,218 | |
| Current assets | 29/58 | €555,891 | €575,854 | +€19,963 | +3.6% |
| Amounts receivable within one year | 40/41 | €472,284 | €478,959 | +€6,676 | +1.4% |
| Trade receivables | 40 | €469,450 | €475,230 | +€5,780 | +1.2% |
| Other amounts receivable | 41 | €2,834 | €3,729 | +€895 | +31.6% |
| Cash at bank and in hand | 54/58 | €83,607 | €96,895 | +€13,287 | +15.9% |
| Total equity and liabilities | 10/49 | €877,243 | €901,623 | +€24,380 | +2.8% |
| Equity | 10/15 | €150,626 | €181,615 | +€30,988 | +20.6% |
| Contributions | 10/11 | €132,386 | €158,570 | +€26,184 | +19.8% |
| Capital | 10 | €132,386 | €158,570 | +€26,184 | +19.8% |
| Issued capital | 100 | €132,386 | €158,570 | +€26,184 | +19.8% |
| Profit (loss) carried forward | 14 | €18,241 | €23,045 | +€4,804 | +26.3% |
| Amounts payable | 17/49 | €726,616 | €720,008 | -€6,608 | -0.9% |
| Amounts payable after more than one year | 17 | €146,614 | €110,101 | -€36,513 | -24.9% |
| Financial debts | 170/4 | €146,614 | €110,101 | -€36,513 | -24.9% |
| Amounts payable within one year | 42/48 | €579,502 | €609,907 | +€30,405 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €34,671 | €36,213 | +€1,541 | +4.4% |
| Trade debts | 44 | €420,046 | €418,747 | -€1,299 | -0.3% |
| Suppliers | 440/4 | €420,046 | €418,747 | -€1,299 | -0.3% |
| Taxes, remuneration and social security | 45 | €31,681 | €56,356 | +€24,675 | +77.9% |
| Taxes | 450/3 | €18,840 | €54,430 | +€35,590 | +189% |
| Remuneration and social security | 454/9 | €12,841 | €1,926 | -€10,915 | -85.0% |
| Other amounts payable | 47/48 | €93,103 | €98,591 | +€5,487 | +5.9% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Non-recurring operating income | 76A | - | €450 | +€450 | |
| Remuneration, social security and pensions | 62 | €19,629 | €67,206 | +€47,577 | +242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,642 | €123,783 | +€28,141 | +29.4% |
| Other operating charges | 640/8 | €814 | €2,067 | +€1,253 | +154% |
| Non-recurring operating charges | 66A | €6,002 | - | -€6,002 | |
| Gross operating margin | 9900 | €125,703 | €211,729 | +€86,025 | +68.4% |
| Operating profit (loss) | 9901 | €3,617 | €18,673 | +€15,056 | +416% |
| Financial income | 75/76B | €3,716 | €1,864 | -€1,852 | -49.8% |
| Recurring financial income | 75 | €3,716 | €1,864 | -€1,852 | -49.8% |
| Financial charges | 65/66B | €4,317 | €13,657 | +€9,340 | +216% |
| Recurring financial charges | 65 | €4,317 | €13,657 | +€9,340 | +216% |
| Profit (loss) for the period before taxes | 9903 | €3,016 | €6,881 | +€3,865 | +128% |
| Income taxes | 67/77 | €232 | €2,076 | +€1,844 | +795% |
| Profit (loss) for the period | 9904 | €2,784 | €4,804 | +€2,020 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,784 | €4,804 | +€2,020 | +72.6% |
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 22 October 2026 via checked.be.