ARTIZO: 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.
ARTIZO
Largest movements
- Cash +€14,812
up €14,812 (+59.9%), from €24,708 to €39,520
mainly Depreciation (+€15,220) and Net result for the year (+€14,359)
- Tangible fixed assets -€14,030
down €14,030 (-5.0%), from €279,942 to €265,912
of which Land and buildings: -€13,789
- Debts after one year -€20,370
down €20,370 (-10.0%), from €203,017 to €182,647
- Profit (loss) carried forward +€18,199
up €18,199 (+2,433%), from €748 to €18,947
- Current portion of long-term debt +€7,340
up €7,340 (+97.2%), from €7,554 to €14,894
- Reserves -€3,840
down €3,840 (-5.3%), from €72,961 to €69,121
- Gross operating margin +€22,621
up €22,621 (+126%), from €17,894 to €40,515
- Depreciation -€15,693
down €15,693 (-50.8%), from €30,913 to €15,220
- Financial charges +€3,670
up €3,670 (+121%), from €3,035 to €6,705
- Other operating charges +€1,458
up €1,458 (+111%), from €1,312 to €2,770
- Taxes +€598
new in 2025: €598
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 | €310,676 | €307,494 | -€3,182 | -1.0% |
| Fixed assets | 21/28 | €280,199 | €266,009 | -€14,190 | -5.1% |
| Tangible fixed assets | 22/27 | €279,942 | €265,912 | -€14,030 | -5.0% |
| Land and buildings | 22 | €279,316 | €265,527 | -€13,789 | -4.9% |
| Furniture and vehicles | 24 | €626 | €385 | -€241 | -38.5% |
| Financial fixed assets | 28 | €257 | €97 | -€160 | -62.3% |
| Current assets | 29/58 | €30,477 | €41,485 | +€11,008 | +36.1% |
| Stocks and contracts in progress | 3 | €1,085 | €359 | -€726 | -66.9% |
| Stocks | 30/36 | €1,085 | €359 | -€726 | -66.9% |
| Amounts receivable within one year | 40/41 | €3,831 | €1,016 | -€2,815 | -73.5% |
| Trade receivables | 40 | €2,705 | - | -€2,705 | |
| Other amounts receivable | 41 | €1,126 | €1,016 | -€110 | -9.8% |
| Cash at bank and in hand | 54/58 | €24,708 | €39,520 | +€14,812 | +59.9% |
| Deferred charges and accrued income | 490/1 | €853 | €590 | -€263 | -30.8% |
| Total equity and liabilities | 10/49 | €310,676 | €307,494 | -€3,182 | -1.0% |
| Equity | 10/15 | €92,301 | €106,660 | +€14,359 | +15.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €72,961 | €69,121 | -€3,840 | -5.3% |
| Tax-exempt reserves | 132 | €72,961 | €69,121 | -€3,840 | -5.3% |
| Profit (loss) carried forward | 14 | €748 | €18,947 | +€18,199 | +2,433% |
| Amounts payable | 17/49 | €218,375 | €200,834 | -€17,541 | -8.0% |
| Amounts payable after more than one year | 17 | €203,017 | €182,647 | -€20,370 | -10.0% |
| Financial debts | 170/4 | €203,017 | €182,647 | -€20,370 | -10.0% |
| Amounts payable within one year | 42/48 | €15,358 | €18,187 | +€2,829 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €7,554 | €14,894 | +€7,340 | +97.2% |
| Trade debts | 44 | €2,177 | €106 | -€2,071 | -95.1% |
| Suppliers | 440/4 | €2,177 | €106 | -€2,071 | -95.1% |
| Taxes, remuneration and social security | 45 | €4,757 | €3,187 | -€1,570 | -33.0% |
| Taxes | 450/3 | €4,757 | €3,187 | -€1,570 | -33.0% |
| Other amounts payable | 47/48 | €870 | - | -€870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,913 | €15,220 | -€15,693 | -50.8% |
| Other operating charges | 640/8 | €1,312 | €2,770 | +€1,458 | +111% |
| Non-recurring operating charges | 66A | €2,650 | €865 | -€1,785 | -67.4% |
| Gross operating margin | 9900 | €17,894 | €40,515 | +€22,621 | +126% |
| Operating profit (loss) | 9901 | -€16,981 | €21,660 | +€38,641 | |
| Financial income | 75/76B | €178 | €2 | -€176 | -98.9% |
| Recurring financial income | 75 | €178 | €2 | -€176 | -98.9% |
| Financial charges | 65/66B | €3,035 | €6,705 | +€3,670 | +121% |
| Recurring financial charges | 65 | €3,035 | €6,705 | +€3,670 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€19,838 | €14,957 | +€34,795 | |
| Income taxes | 67/77 | - | €598 | +€598 | |
| Profit (loss) for the period | 9904 | -€19,838 | €14,359 | +€34,197 | |
| Transfer from tax-exempt reserves | 789 | €3,841 | €3,840 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,997 | €18,199 | +€34,196 |
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 19 October 2026 via checked.be.