ARTLEX: 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.
ARTLEX
Largest movements
- Cash -€26,405
down €26,405 (-67.5%), from €39,106 to €12,701
mainly Contributions, distributions and other (-€52,333) and Debts after one year (-€39,998)
- Receivables within one year +€26,253
up €26,253 (+1396.0%), from €1,881 to €28,134
of which Other amounts receivable: +€22,529
- Tangible fixed assets -€17,862
down €17,862 (-4.8%), from €368,509 to €350,648
of which Land and buildings: -€10,822
- Other debts +€51,773
up €51,773 (+9245.2%), from €560 to €52,333
- Debts after one year -€39,998
down €39,998 (-48.6%), from €82,270 to €42,272
of which Financial debts: -€33,772
- Reserves -€23,025
down €23,025 (-13.4%), from €171,500 to €148,475
- Advances received -€11,347
down €11,347 (-100.0%), from €11,347 to €0
- Other operating charges +€31,772
up €31,772 (+451.8%), from €7,032 to €38,804
- Gross operating margin +€8,465
up €8,465 (+6.8%), from €123,942 to €132,407
- Taxes +€5,938
up €5,938 (+20.4%), from €29,119 to €35,057
- Depreciation +€2,482
up €2,482 (+9.7%), from €25,605 to €28,087
- Write-downs -€1,600
no longer reported in 2025 (was €1,600)
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 | €410,467 | €393,314 | -€17,153 | -4.2% |
| Fixed assets | 21/28 | €368,509 | €350,648 | -€17,862 | -4.8% |
| Tangible fixed assets | 22/27 | €368,509 | €350,648 | -€17,862 | -4.8% |
| Land and buildings | 22 | €289,536 | €278,713 | -€10,822 | -3.7% |
| Plant, machinery and equipment | 23 | €50,934 | €45,227 | -€5,707 | -11.2% |
| Furniture and vehicles | 24 | €28,039 | €26,707 | -€1,332 | -4.8% |
| Current assets | 29/58 | €41,958 | €42,666 | +€708 | +1.7% |
| Amounts receivable within one year | 40/41 | €1,881 | €28,134 | +€26,253 | +1396.0% |
| Trade receivables | 40 | €1,881 | €5,604 | +€3,724 | +198.0% |
| Other amounts receivable | 41 | - | €22,529 | +€22,529 | |
| Cash at bank and in hand | 54/58 | €39,106 | €12,701 | -€26,405 | -67.5% |
| Deferred charges and accrued income | 490/1 | €972 | €1,831 | +€860 | +88.5% |
| Total equity and liabilities | 10/49 | €410,467 | €393,314 | -€17,153 | -4.2% |
| Equity | 10/15 | €238,050 | €214,192 | -€23,858 | -10.0% |
| Reserves | 13 | €171,500 | €148,475 | -€23,025 | -13.4% |
| Distributable reserves | 133 | €171,500 | €148,475 | -€23,025 | -13.4% |
| Profit (loss) carried forward | 14 | €66,550 | €65,717 | -€833 | -1.3% |
| Amounts payable | 17/49 | €172,417 | €179,122 | +€6,705 | +3.9% |
| Amounts payable after more than one year | 17 | €82,270 | €42,272 | -€39,998 | -48.6% |
| Financial debts | 170/4 | €72,429 | €38,657 | -€33,772 | -46.6% |
| Other amounts payable | 178/9 | €9,840 | €3,615 | -€6,225 | -63.3% |
| Amounts payable within one year | 42/48 | €90,148 | €134,355 | +€44,208 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €29,670 | €30,258 | +€588 | +2.0% |
| Trade debts | 44 | €6,785 | €6,132 | -€653 | -9.6% |
| Suppliers | 440/4 | €6,785 | €6,132 | -€653 | -9.6% |
| Advances received on contracts in progress | 46 | €11,347 | €0 | -€11,347 | -100.0% |
| Taxes, remuneration and social security | 45 | €41,785 | €45,632 | +€3,847 | +9.2% |
| Taxes | 450/3 | €41,785 | €45,632 | +€3,847 | +9.2% |
| Other amounts payable | 47/48 | €560 | €52,333 | +€51,773 | +9245.2% |
| Accrued charges and deferred income | 492/3 | - | €2,495 | +€2,495 | |
| Non-recurring operating income | 76A | €1,048 | - | -€1,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,605 | €28,087 | +€2,482 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,600 | - | -€1,600 | |
| Other operating charges | 640/8 | €7,032 | €38,804 | +€31,772 | +451.8% |
| Gross operating margin | 9900 | €123,942 | €132,407 | +€8,465 | +6.8% |
| Operating profit (loss) | 9901 | €89,705 | €65,517 | -€24,188 | -27.0% |
| Financial income | 75/76B | €10 | €26 | +€16 | +163.3% |
| Recurring financial income | 75 | €10 | €26 | +€16 | +163.3% |
| Financial charges | 65/66B | €3,030 | €2,010 | -€1,020 | -33.7% |
| Recurring financial charges | 65 | €3,030 | €2,010 | -€1,020 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €86,685 | €63,532 | -€23,153 | -26.7% |
| Income taxes | 67/77 | €29,119 | €35,057 | +€5,938 | +20.4% |
| Profit (loss) for the period | 9904 | €57,566 | €28,475 | -€29,091 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,566 | €28,475 | -€29,091 | -50.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.