Artlead: 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.
Artlead
Largest movements
- Stocks and contracts +€15,699
up €15,699 (+33.5%), from €46,899 to €62,598
- Cash -€13,572
down €13,572 (-22.3%), from €60,771 to €47,198
mainly Stocks and contracts (-€15,699) and Receivables within one year (-€1,932)
- Receivables within one year +€1,932
up €1,932 (+20.1%), from €9,634 to €11,567
of which Trade receivables: +€2,027
- Other debts +€4,983
up €4,983 (+68.3%), from €7,294 to €12,278
- Trade debts -€1,896
down €1,896 (-36.6%), from €5,176 to €3,280
- Gross operating margin -€35,590
down €35,590 (-93.6%), from €38,040 to €2,450
- Taxes -€1,097
down €1,097 (-78.3%), from €1,402 to €305
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 | €120,082 | €123,297 | +€3,215 | +2.7% |
| Fixed assets | 21/28 | €2,778 | €1,934 | -€844 | -30.4% |
| Tangible fixed assets | 22/27 | €2,778 | €1,934 | -€844 | -30.4% |
| Furniture and vehicles | 24 | €2,778 | €1,934 | -€844 | -30.4% |
| Current assets | 29/58 | €117,304 | €121,363 | +€4,059 | +3.5% |
| Stocks and contracts in progress | 3 | €46,899 | €62,598 | +€15,699 | +33.5% |
| Stocks | 30/36 | €46,899 | €62,598 | +€15,699 | +33.5% |
| Amounts receivable within one year | 40/41 | €9,634 | €11,567 | +€1,932 | +20.1% |
| Trade receivables | 40 | €6,656 | €8,683 | +€2,027 | +30.5% |
| Other amounts receivable | 41 | €2,978 | €2,884 | -€95 | -3.2% |
| Cash at bank and in hand | 54/58 | €60,771 | €47,198 | -€13,572 | -22.3% |
| Total equity and liabilities | 10/49 | €120,082 | €123,297 | +€3,215 | +2.7% |
| Equity | 10/15 | €105,310 | €105,000 | -€310 | -0.3% |
| Contributions | 10/11 | €43,550 | €43,550 | = | 0.0% |
| Outside capital | 11 | €43,550 | €43,550 | = | 0.0% |
| Other | 1109/19 | €43,550 | €43,550 | = | 0.0% |
| Reserves | 13 | €61,760 | €61,450 | -€310 | -0.5% |
| Non-distributable reserves | 130/1 | €226 | €226 | = | 0.0% |
| Reserves not available under the articles | 1311 | €226 | €226 | = | 0.0% |
| Distributable reserves | 133 | €61,534 | €61,224 | -€310 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €14,772 | €18,297 | +€3,525 | +23.9% |
| Amounts payable within one year | 42/48 | €14,772 | €17,859 | +€3,087 | +20.9% |
| Trade debts | 44 | €5,176 | €3,280 | -€1,896 | -36.6% |
| Suppliers | 440/4 | €5,176 | €3,280 | -€1,896 | -36.6% |
| Taxes, remuneration and social security | 45 | €2,302 | €2,302 | = | 0.0% |
| Taxes | 450/3 | €2,302 | €2,302 | = | 0.0% |
| Other amounts payable | 47/48 | €7,294 | €12,278 | +€4,983 | +68.3% |
| Accrued charges and deferred income | 492/3 | - | €438 | +€438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €844 | €844 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €38,040 | €2,450 | -€35,590 | -93.6% |
| Operating profit (loss) | 9901 | €36,809 | €1,207 | -€35,602 | -96.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,213 | €1,212 | -€1 | -0.1% |
| Recurring financial charges | 65 | €1,213 | €1,212 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €35,596 | -€5 | -€35,601 | |
| Income taxes | 67/77 | €1,402 | €305 | -€1,097 | -78.3% |
| Profit (loss) for the period | 9904 | €34,194 | -€310 | -€34,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,194 | -€310 | -€34,504 |
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 6 October 2026 via checked.be.