ARTIVI: 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.
ARTIVI
Largest movements
- Cash -€53,823
down €53,823 (-63.6%), from €84,647 to €30,824
mainly Net result for the year (-€47,952) and Tax, wage and social debts (-€6,125)
- Tangible fixed assets -€3,042
down €3,042 (-37.1%), from €8,193 to €5,150
- Receivables within one year +€2,937
up €2,937 (+31.0%), from €9,475 to €12,412
of which Trade receivables: +€2,927
- Profit (loss) carried forward -€47,952
down €47,952 (-302.6%), from -€15,848 to -€63,800
- Tax, wage and social debts -€6,125
down €6,125 (-55.7%), from €10,992 to €4,867
of which Taxes: -€6,095
- Gross operating margin -€68,141
down €68,141, from €58,342 to -€9,799
- Staff costs +€34,470
new in 2025: €34,470
- Depreciation -€1,685
down €1,685 (-35.6%), from €4,727 to €3,042
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.
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 | €104,247 | €50,180 | -€54,068 | -51.9% |
| Fixed assets | 21/28 | €8,193 | €5,150 | -€3,042 | -37.1% |
| Tangible fixed assets | 22/27 | €8,193 | €5,150 | -€3,042 | -37.1% |
| Plant, machinery and equipment | 23 | €3,358 | €2,130 | -€1,228 | -36.6% |
| Furniture and vehicles | 24 | €3,205 | €1,745 | -€1,461 | -45.6% |
| Other tangible fixed assets | 26 | €1,629 | €1,276 | -€353 | -21.7% |
| Current assets | 29/58 | €96,055 | €45,029 | -€51,025 | -53.1% |
| Amounts receivable within one year | 40/41 | €9,475 | €12,412 | +€2,937 | +31.0% |
| Trade receivables | 40 | €9,449 | €12,376 | +€2,927 | +31.0% |
| Other amounts receivable | 41 | €26 | €37 | +€11 | +40.0% |
| Cash at bank and in hand | 54/58 | €84,647 | €30,824 | -€53,823 | -63.6% |
| Deferred charges and accrued income | 490/1 | €1,933 | €1,793 | -€140 | -7.2% |
| Total equity and liabilities | 10/49 | €104,247 | €50,180 | -€54,068 | -51.9% |
| Equity | 10/15 | €90,552 | €42,600 | -€47,952 | -53.0% |
| Contributions | 10/11 | €106,400 | €106,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,848 | -€63,800 | -€47,952 | -302.6% |
| Amounts payable | 17/49 | €13,695 | €7,580 | -€6,115 | -44.7% |
| Amounts payable within one year | 42/48 | €13,593 | €7,580 | -€6,012 | -44.2% |
| Trade debts | 44 | €2,601 | €2,713 | +€112 | +4.3% |
| Suppliers | 440/4 | €2,601 | €2,713 | +€112 | +4.3% |
| Taxes, remuneration and social security | 45 | €10,992 | €4,867 | -€6,125 | -55.7% |
| Taxes | 450/3 | €9,462 | €3,367 | -€6,095 | -64.4% |
| Remuneration and social security | 454/9 | €1,530 | €1,500 | -€30 | -2.0% |
| Accrued charges and deferred income | 492/3 | €103 | - | -€103 | |
| Remuneration, social security and pensions | 62 | - | €34,470 | +€34,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,727 | €3,042 | -€1,685 | -35.6% |
| Other operating charges | 640/8 | €618 | €647 | +€29 | +4.7% |
| Gross operating margin | 9900 | €58,342 | -€9,799 | -€68,141 | |
| Operating profit (loss) | 9901 | €52,997 | -€47,957 | -€100,954 | |
| Financial income | 75/76B | €0 | €153 | +€152 | +33855.6% |
| Recurring financial income | 75 | €0 | €153 | +€152 | +33855.6% |
| Financial charges | 65/66B | €138 | €148 | +€10 | +7.4% |
| Recurring financial charges | 65 | €138 | €148 | +€10 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €52,860 | -€47,952 | -€100,812 | |
| Profit (loss) for the period | 9904 | €52,860 | -€47,952 | -€100,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,860 | -€47,952 | -€100,812 |
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.