ARTISTIC: 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.
ARTISTIC
Largest movements
- Cash +€104,148
up €104,148 (+51.0%), from €204,370 to €308,518
mainly Other debts (+€301,000) and Net result for the year (+€192,539)
- Current investments +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Tangible fixed assets -€59,667
down €59,667 (-11.9%), from €499,938 to €440,271
- Receivables within one year -€20,610
down €20,610 (-25.3%), from €81,452 to €60,842
of which Trade receivables: -€18,998
- Other debts +€301,000
up €301,000 (+700.0%), from €43,000 to €344,000
- Reserves -€151,461
down €151,461 (-20.9%), from €725,161 to €573,700
of which Distributable reserves: -€150,354
- Debts after one year -€23,810
down €23,810 (-9.7%), from €245,977 to €222,167
- Tax, wage and social debts +€23,176
up €23,176 (+61.6%), from €37,632 to €60,808
of which Remuneration and social security: +€16,904
- Contributions -€20,000
no longer reported in 2025 (was €20,000)
- Staff costs +€11,180
up €11,180 (+6.4%), from €173,502 to €184,682
- Gross operating margin +€10,393
up €10,393 (+2.0%), from €522,338 to €532,730
- Financial income +€6,054
up €6,054 (+122.9%), from €4,924 to €10,978
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,140,023 | €1,273,605 | +€133,582 | +11.7% |
| Fixed assets | 21/28 | €499,938 | €446,472 | -€53,466 | -10.7% |
| Intangible fixed assets | 21 | - | €6,201 | +€6,201 | |
| Tangible fixed assets | 22/27 | €499,938 | €440,271 | -€59,667 | -11.9% |
| Land and buildings | 22 | €287,483 | €269,183 | -€18,300 | -6.4% |
| Plant, machinery and equipment | 23 | €12,183 | €7,695 | -€4,488 | -36.8% |
| Furniture and vehicles | 24 | €92,091 | €66,048 | -€26,043 | -28.3% |
| Other tangible fixed assets | 26 | €108,180 | €97,344 | -€10,836 | -10.0% |
| Current assets | 29/58 | €640,085 | €827,133 | +€187,048 | +29.2% |
| Stocks and contracts in progress | 3 | €45,321 | €47,980 | +€2,660 | +5.9% |
| Stocks | 30/36 | €45,321 | €47,980 | +€2,660 | +5.9% |
| Amounts receivable within one year | 40/41 | €81,452 | €60,842 | -€20,610 | -25.3% |
| Trade receivables | 40 | €78,071 | €59,073 | -€18,998 | -24.3% |
| Other amounts receivable | 41 | €3,381 | €1,770 | -€1,612 | -47.7% |
| Current investments | 50/53 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €204,370 | €308,518 | +€104,148 | +51.0% |
| Deferred charges and accrued income | 490/1 | €8,942 | €9,792 | +€850 | +9.5% |
| Total equity and liabilities | 10/49 | €1,140,023 | €1,273,605 | +€133,582 | +11.7% |
| Equity | 10/15 | €745,161 | €573,700 | -€171,461 | -23.0% |
| Contributions | 10/11 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €725,161 | €573,700 | -€151,461 | -20.9% |
| Tax-exempt reserves | 132 | €10,300 | €9,194 | -€1,107 | -10.7% |
| Distributable reserves | 133 | €714,861 | €564,507 | -€150,354 | -21.0% |
| Provisions and deferred taxes | 16 | €4,230 | €3,756 | -€474 | -11.2% |
| Deferred taxes | 168 | €4,230 | €3,756 | -€474 | -11.2% |
| Amounts payable | 17/49 | €390,632 | €696,149 | +€305,517 | +78.2% |
| Amounts payable after more than one year | 17 | €245,977 | €222,167 | -€23,810 | -9.7% |
| Financial debts | 170/4 | €245,977 | €222,167 | -€23,810 | -9.7% |
| Amounts payable within one year | 42/48 | €144,654 | €473,982 | +€329,327 | +227.7% |
| Current portion of amounts payable after more than one year | 42 | €33,647 | €23,810 | -€9,837 | -29.2% |
| Trade debts | 44 | €4,729 | €17,060 | +€12,331 | +260.7% |
| Suppliers | 440/4 | €4,729 | €17,060 | +€12,331 | +260.7% |
| Advances received on contracts in progress | 46 | €25,646 | €28,303 | +€2,657 | +10.4% |
| Taxes, remuneration and social security | 45 | €37,632 | €60,808 | +€23,176 | +61.6% |
| Taxes | 450/3 | €32,655 | €38,927 | +€6,272 | +19.2% |
| Remuneration and social security | 454/9 | €4,977 | €21,882 | +€16,904 | +339.6% |
| Other amounts payable | 47/48 | €43,000 | €344,000 | +€301,000 | +700.0% |
| Non-recurring operating income | 76A | €28,277 | - | -€28,277 | |
| Remuneration, social security and pensions | 62 | €173,502 | €184,682 | +€11,180 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,432 | €67,335 | +€2,903 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €426 | +€426 | |
| Other operating charges | 640/8 | €4,556 | €5,362 | +€806 | +17.7% |
| Gross operating margin | 9900 | €522,338 | €532,730 | +€10,393 | +2.0% |
| Operating profit (loss) | 9901 | €279,848 | €274,926 | -€4,922 | -1.8% |
| Financial income | 75/76B | €4,924 | €10,978 | +€6,054 | +122.9% |
| Recurring financial income | 75 | €4,924 | €10,978 | +€6,054 | +122.9% |
| Financial charges | 65/66B | €8,288 | €7,737 | -€551 | -6.7% |
| Recurring financial charges | 65 | €8,288 | €7,737 | -€551 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €276,484 | €278,166 | +€1,682 | +0.6% |
| Transfer from deferred taxes | 780 | €474 | €474 | = | 0.0% |
| Transfer to deferred taxes | 680 | €1,444 | - | -€1,444 | |
| Income taxes | 67/77 | €81,327 | €86,102 | +€4,774 | +5.9% |
| Profit (loss) for the period | 9904 | €194,187 | €192,539 | -€1,648 | -0.8% |
| Transfer from tax-exempt reserves | 789 | €1,107 | €1,107 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €4,333 | - | -€4,333 | |
| Profit (loss) for the period to be appropriated | 9905 | €190,961 | €193,646 | +€2,685 | +1.4% |
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 10 October 2026 via checked.be.