ARTIVIN: 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.
ARTIVIN
Largest movements
- Deferred charges and accrued income -€13,598
down €13,598 (-89.0%), from €15,275 to €1,677
- Cash -€9,207
down €9,207 (-23.0%), from €39,944 to €30,737
mainly Trade debts (-€20,555) and Other debts (-€8,057)
- Receivables within one year -€6,540
down €6,540 (-21.8%), from €29,946 to €23,405
of which Trade receivables: -€4,151
- Stocks and contracts +€6,187
up €6,187 (+4.2%), from €148,613 to €154,800
- Trade debts -€20,555
down €20,555 (-85.6%), from €24,005 to €3,451
- Other debts -€8,057
down €8,057 (-5.0%), from €161,034 to €152,978
- Reserves +€6,301
up €6,301 (+38.4%), from €16,424 to €22,725
- Gross operating margin +€7,506
up €7,506 (+14.4%), from €51,948 to €59,454
- Taxes +€2,552
up €2,552 (+75.9%), from €3,361 to €5,913
- Financial charges +€1,157
up €1,157 (+20.8%), from €5,561 to €6,718
- Depreciation -€666
down €666 (-18.8%), from €3,538 to €2,872
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 | €243,911 | €219,751 | -€24,161 | -9.9% |
| Fixed assets | 21/28 | €10,134 | €9,131 | -€1,003 | -9.9% |
| Tangible fixed assets | 22/27 | €10,134 | €9,131 | -€1,003 | -9.9% |
| Land and buildings | 22 | €4,111 | €3,564 | -€547 | -13.3% |
| Plant, machinery and equipment | 23 | €5,481 | €3,512 | -€1,969 | -35.9% |
| Furniture and vehicles | 24 | €541 | €2,054 | +€1,513 | +280% |
| Current assets | 29/58 | €233,777 | €210,620 | -€23,158 | -9.9% |
| Stocks and contracts in progress | 3 | €148,613 | €154,800 | +€6,187 | +4.2% |
| Stocks | 30/36 | €148,613 | €154,800 | +€6,187 | +4.2% |
| Amounts receivable within one year | 40/41 | €29,946 | €23,405 | -€6,540 | -21.8% |
| Trade receivables | 40 | €27,446 | €23,295 | -€4,151 | -15.1% |
| Other amounts receivable | 41 | €2,500 | €110 | -€2,390 | -95.6% |
| Cash at bank and in hand | 54/58 | €39,944 | €30,737 | -€9,207 | -23.0% |
| Deferred charges and accrued income | 490/1 | €15,275 | €1,677 | -€13,598 | -89.0% |
| Total equity and liabilities | 10/49 | €243,911 | €219,751 | -€24,161 | -9.9% |
| Equity | 10/15 | €32,624 | €38,925 | +€6,301 | +19.3% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €16,424 | €22,725 | +€6,301 | +38.4% |
| Distributable reserves | 133 | €16,424 | €22,725 | +€6,301 | +38.4% |
| Amounts payable | 17/49 | €211,287 | €180,826 | -€30,461 | -14.4% |
| Amounts payable within one year | 42/48 | €203,360 | €173,420 | -€29,940 | -14.7% |
| Trade debts | 44 | €24,005 | €3,451 | -€20,555 | -85.6% |
| Suppliers | 440/4 | €24,005 | €3,451 | -€20,555 | -85.6% |
| Taxes, remuneration and social security | 45 | €18,321 | €16,992 | -€1,329 | -7.3% |
| Taxes | 450/3 | €18,321 | €16,992 | -€1,329 | -7.3% |
| Other amounts payable | 47/48 | €161,034 | €152,978 | -€8,057 | -5.0% |
| Accrued charges and deferred income | 492/3 | €7,927 | €7,406 | -€521 | -6.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,538 | €2,872 | -€666 | -18.8% |
| Other operating charges | 640/8 | €37,554 | €37,737 | +€183 | +0.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €51,948 | €59,454 | +€7,506 | +14.4% |
| Operating profit (loss) | 9901 | €10,856 | €18,845 | +€7,989 | +73.6% |
| Financial income | 75/76B | €8 | €87 | +€79 | +978% |
| Recurring financial income | 75 | €8 | €87 | +€79 | +978% |
| Financial charges | 65/66B | €5,561 | €6,718 | +€1,157 | +20.8% |
| Recurring financial charges | 65 | €5,561 | €6,718 | +€1,157 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €5,303 | €12,213 | +€6,910 | +130% |
| Income taxes | 67/77 | €3,361 | €5,913 | +€2,552 | +75.9% |
| Profit (loss) for the period | 9904 | €1,942 | €6,301 | +€4,358 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €1,942 | €6,301 | +€4,358 | +224% |
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 26 October 2026 via checked.be.