ARTISLACH: what changed
Two fiscal 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.
What changed
ARTISLACH
NACE 10.120, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6.3m
2024 · €3.9m+€2.5m
Equity
€27.1m
2024 · €22.7m+€4.3m
Cash
€2.1m
2024 · €2.4m-€310,814
Balance sheet total
€47.3m
2024 · €49.5m-€2.3m
Largest movements
Assets
- Tangible fixed assets -€5.7m
down €5.7m (-15.5%), from €36.7m to €31.0m
of which Plant, machinery and equipment: -€4.4m
- Current investments +€2.0m
up €2.0m (+200.0%), from €1.0m to €3.0m
- Stocks and contracts +€1.5m
up €1.5m (+64.6%), from €2.3m to €3.8m
Equity and liabilities
- Profit (loss) carried forward +€4.3m
up €4.3m (+20.9%), from €20.8m to €25.1m
- Debts after one year -€3.7m
down €3.7m (-28.3%), from €13.1m to €9.4m
- Current portion of long-term debt -€3.0m
down €3.0m (-29.6%), from €10.2m to €7.2m
Income statement
- Turnover +€11.2m
up €11.2m (+9.8%), from €114.7m to €125.9m
- Goods and materials +€8.9m
up €8.9m (+10.9%), from €81.7m to €90.6m
of which Purchases: +€8.9m
- Services and other goods +€2.3m
up €2.3m (+14.3%), from €16.3m to €18.6m
- Write-downs +€1.5m
up €1.5m, from -€130,791 to €1.4m
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.
Result 2024
€3.9m
Turnover
+€11.2m
Other operating income
+€11,634
Goods and materials
-€8.9m
Services and other goods
-€2.3m
Staff costs
+€58,860
Depreciation
-€341,546
Write-downs
-€1.5m
Other operating charges
-€3,243
Other operating items
+€4.9m
Financial income
+€70,372
Financial charges
+€156,742
Taxes
-€822,212
Result 2025
€6.3m
Cash bridge derived
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.
From operations
+€12.2m
Investment
-€3.8m
Financing
-€8.7m
Cash 2024
€2.4m
From operations (derived)
+€12.2m
Net result for the year
+€6.3m
Depreciation
+€7.5m
Stocks and contracts
-€1.5m
Receivables within one year
-€261,047
Trade debts
+€239,630
Tax, wage and social debts
-€115,360
Other debts
+€140
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€1.8m
Current investments
-€2.0m
Financing
-€8.7m
Debts after one year
-€3.7m
Current portion of long-term debt
-€3.0m
Contributions, distributions and other
-€2.0m
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,525,737 | €47,256,610 | -€2.3m | -4.6% |
| Fixed assets | 21/28 | €36,710,681 | €31,004,905 | -€5.7m | -15.5% |
| Intangible fixed assets | 21 | €5,676 | €122 | -€5,554 | -97.8% |
| Tangible fixed assets | 22/27 | €36,698,736 | €30,998,515 | -€5.7m | -15.5% |
| Land and buildings | 22 | €17,136,231 | €16,065,358 | -€1.1m | -6.2% |
| Plant, machinery and equipment | 23 | €18,886,486 | €14,444,199 | -€4.4m | -23.5% |
| Furniture and vehicles | 24 | €676,019 | €488,958 | -€187,061 | -27.7% |
| Financial fixed assets | 28 | €6,269 | €6,269 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,269 | €6,269 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,269 | €6,269 | = | 0.0% |
| Current assets | 29/58 | €12,815,056 | €16,251,704 | +€3.4m | +26.8% |
| Stocks and contracts in progress | 3 | €2,299,836 | €3,786,252 | +€1.5m | +64.6% |
| Stocks | 30/36 | €2,299,836 | €3,786,252 | +€1.5m | +64.6% |
| Raw materials and consumables | 30/31 | €255,175 | €285,594 | +€30,419 | +11.9% |
| Finished goods | 33 | €2,044,661 | €3,500,657 | +€1.5m | +71.2% |
| Amounts receivable within one year | 40/41 | €7,082,032 | €7,343,078 | +€261,047 | +3.7% |
| Trade receivables | 40 | €6,595,760 | €6,030,583 | -€565,177 | -8.6% |
| Other amounts receivable | 41 | €486,272 | €1,312,495 | +€826,224 | +169.9% |
| Current investments | 50/53 | €1,000,000 | €3,000,000 | +€2.0m | +200.0% |
| Other investments | 51/53 | €1,000,000 | €3,000,000 | +€2.0m | +200.0% |
| Cash at bank and in hand | 54/58 | €2,433,188 | €2,122,374 | -€310,814 | -12.8% |
| Total equity and liabilities | 10/49 | €49,525,737 | €47,256,610 | -€2.3m | -4.6% |
| Equity | 10/15 | €22,737,230 | €27,081,155 | +€4.3m | +19.1% |
| Contributions | 10/11 | €1,800,000 | €1,800,000 | = | 0.0% |
| Capital | 10 | €1,800,000 | €1,800,000 | = | 0.0% |
| Issued capital | 100 | €1,800,000 | €1,800,000 | = | 0.0% |
| Reserves | 13 | €180,000 | €180,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €180,000 | €180,000 | = | 0.0% |
| Legal reserve | 130 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,757,230 | €25,101,155 | +€4.3m | +20.9% |
| Amounts payable | 17/49 | €26,788,506 | €20,175,454 | -€6.6m | -24.7% |
| Amounts payable after more than one year | 17 | €13,103,933 | €9,392,375 | -€3.7m | -28.3% |
| Financial debts | 170/4 | €13,103,933 | €9,392,375 | -€3.7m | -28.3% |
| Credit institutions | 173 | €13,103,933 | €9,392,375 | -€3.7m | -28.3% |
| Amounts payable within one year | 42/48 | €13,627,374 | €10,725,879 | -€2.9m | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €10,236,893 | €7,210,989 | -€3.0m | -29.6% |
| Trade debts | 44 | €1,078,131 | €1,317,760 | +€239,630 | +22.2% |
| Suppliers | 440/4 | €1,078,131 | €1,317,760 | +€239,630 | +22.2% |
| Taxes, remuneration and social security | 45 | €312,490 | €197,130 | -€115,360 | -36.9% |
| Taxes | 450/3 | €61,312 | €205 | -€61,107 | -99.7% |
| Remuneration and social security | 454/9 | €251,178 | €196,925 | -€54,253 | -21.6% |
| Other amounts payable | 47/48 | €1,999,860 | €2,000,000 | +€140 | 0.0% |
| Accrued charges and deferred income | 492/3 | €57,200 | €57,200 | = | 0.0% |
| Operating income | 70/76A | €113,035,366 | €129,104,183 | +€16.1m | +14.2% |
| Turnover | 70 | €114,708,245 | €125,893,033 | +€11.2m | +9.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,863,468 | €3,008,927 | +€4.9m | |
| Other operating income | 74 | €190,589 | €202,223 | +€11,634 | +6.1% |
| Operating charges | 60/66A | €107,111,290 | €120,115,430 | +€13.0m | +12.1% |
| Goods for resale, raw materials and consumables | 60 | €81,662,051 | €90,552,747 | +€8.9m | +10.9% |
| Purchases | 600/8 | €81,724,123 | €90,583,167 | +€8.9m | +10.8% |
| Change in stocks: decrease (increase) | 609 | -€62,072 | -€30,419 | +€31,653 | +51.0% |
| Services and other goods | 61 | €16,260,449 | €18,591,086 | +€2.3m | +14.3% |
| Remuneration, social security and pensions | 62 | €1,985,522 | €1,926,662 | -€58,860 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,125,549 | €7,467,095 | +€341,546 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€130,791 | €1,366,086 | +€1.5m | |
| Other operating charges | 640/8 | €208,510 | €211,754 | +€3,243 | +1.6% |
| Operating profit (loss) | 9901 | €5,924,076 | €8,988,752 | +€3.1m | +51.7% |
| Financial income | 75/76B | €238,164 | €308,536 | +€70,372 | +29.5% |
| Recurring financial income | 75 | €238,164 | €308,536 | +€70,372 | +29.5% |
| Income from current assets | 751 | €7,792 | €56,837 | +€49,045 | +629.4% |
| Other financial income | 752/9 | €230,372 | €251,699 | +€21,327 | +9.3% |
| Financial charges | 65/66B | €962,462 | €805,720 | -€156,742 | -16.3% |
| Recurring financial charges | 65 | €962,462 | €805,720 | -€156,742 | -16.3% |
| Debt charges | 650 | €960,323 | €803,603 | -€156,719 | -16.3% |
| Other financial charges | 652/9 | €2,139 | €2,117 | -€22 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €5,199,778 | €8,491,568 | +€3.3m | +63.3% |
| Income taxes | 67/77 | €1,325,430 | €2,147,643 | +€822,212 | +62.0% |
| Taxes | 670/3 | €1,325,430 | €2,147,643 | +€822,212 | +62.0% |
| Profit (loss) for the period | 9904 | €3,874,347 | €6,343,925 | +€2.5m | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,874,347 | €6,343,925 | +€2.5m | +63.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.