ARTIXA: 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.
ARTIXA
Largest movements
- Stocks and contracts +€9,465
up €9,465 (+54.3%), from €17,427 to €26,892
- Cash +€3,908
up €3,908 (+24.9%), from €15,669 to €19,577
mainly Net result for the year (+€16,796) and Tax, wage and social debts (+€2,167)
- Tangible fixed assets +€1,354
up €1,354 (+1,740%), from €78 to €1,432
- Receivables within one year +€1,092
up €1,092 (+2.5%), from €44,462 to €45,554
of which Other amounts receivable: +€3,491
- Reserves +€16,796
up €16,796 (+42.4%), from €39,581 to €56,376
- Current portion of long-term debt -€2,952
down €2,952 (-50.6%), from €5,833 to €2,882
- Tax, wage and social debts +€2,167
new in 2025: €2,167
- Gross operating margin +€15,208
up €15,208 (+141%), from €10,798 to €26,006
- Taxes +€4,606
up €4,606 (+180%), from €2,561 to €7,167
- Other operating charges -€1,214
down €1,214 (-46.2%), from €2,627 to €1,412
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 | €78,146 | €94,370 | +€16,224 | +20.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €589 | €1,943 | +€1,354 | +230% |
| Tangible fixed assets | 22/27 | €78 | €1,432 | +€1,354 | +1,740% |
| Furniture and vehicles | 24 | €78 | €1,432 | +€1,354 | +1,740% |
| Financial fixed assets | 28 | €511 | €511 | = | 0.0% |
| Current assets | 29/58 | €77,557 | €92,427 | +€14,870 | +19.2% |
| Stocks and contracts in progress | 3 | €17,427 | €26,892 | +€9,465 | +54.3% |
| Stocks | 30/36 | €17,427 | €26,892 | +€9,465 | +54.3% |
| Amounts receivable within one year | 40/41 | €44,462 | €45,554 | +€1,092 | +2.5% |
| Trade receivables | 40 | €20,000 | €17,601 | -€2,399 | -12.0% |
| Other amounts receivable | 41 | €24,462 | €27,953 | +€3,491 | +14.3% |
| Cash at bank and in hand | 54/58 | €15,669 | €19,577 | +€3,908 | +24.9% |
| Deferred charges and accrued income | 490/1 | - | €404 | +€404 | |
| Total equity and liabilities | 10/49 | €78,146 | €94,370 | +€16,224 | +20.8% |
| Equity | 10/15 | €70,001 | €86,797 | +€16,796 | +24.0% |
| Contributions | 10/11 | €13,529 | €13,529 | = | 0.0% |
| Reserves | 13 | €39,581 | €56,376 | +€16,796 | +42.4% |
| Distributable reserves | 133 | €39,581 | €56,376 | +€16,796 | +42.4% |
| Profit (loss) carried forward | 14 | €16,892 | €16,892 | = | 0.0% |
| Amounts payable | 17/49 | €8,145 | €7,573 | -€572 | -7.0% |
| Amounts payable within one year | 42/48 | €8,145 | €7,573 | -€572 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €5,833 | €2,882 | -€2,952 | -50.6% |
| Trade debts | 44 | €2,312 | €2,525 | +€213 | +9.2% |
| Suppliers | 440/4 | €2,312 | €2,525 | +€213 | +9.2% |
| Taxes, remuneration and social security | 45 | - | €2,167 | +€2,167 | |
| Taxes | 450/3 | - | €2,167 | +€2,167 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412 | €333 | -€79 | -19.1% |
| Other operating charges | 640/8 | €2,627 | €1,412 | -€1,214 | -46.2% |
| Gross operating margin | 9900 | €10,798 | €26,006 | +€15,208 | +141% |
| Operating profit (loss) | 9901 | €7,760 | €24,261 | +€16,501 | +213% |
| Financial charges | 65/66B | €330 | €299 | -€31 | -9.4% |
| Recurring financial charges | 65 | €330 | €299 | -€31 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €7,431 | €23,962 | +€16,532 | +222% |
| Income taxes | 67/77 | €2,561 | €7,167 | +€4,606 | +180% |
| Profit (loss) for the period | 9904 | €4,870 | €16,796 | +€11,926 | +245% |
| Profit (loss) for the period to be appropriated | 9905 | €4,870 | €16,796 | +€11,926 | +245% |
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 21 October 2026 via checked.be.