Artlin: 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.
Artlin
Largest movements
- Tangible fixed assets -€32,120
down €32,120 (-4.3%), from €740,981 to €708,861
of which Land and buildings: -€26,126
- Receivables within one year -€19,626
down €19,626 (-87.6%), from €22,417 to €2,790
of which Trade receivables: -€19,627
- Profit (loss) carried forward -€24,563
down €24,563 (-37.6%), from -€65,323 to -€89,887
- Debts after one year -€20,776
down €20,776 (-2.8%), from €752,347 to €731,570
of which Financial debts: -€20,776
- Gross operating margin -€40,477
down €40,477 (-69.6%), from €58,116 to €17,639
- Other operating charges -€1,177
down €1,177 (-21.6%), from €5,453 to €4,275
- Depreciation -€748
down €748 (-2.3%), from €32,868 to €32,120
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 | €781,795 | €727,937 | -€53,858 | -6.9% |
| Fixed assets | 21/28 | €741,481 | €709,361 | -€32,120 | -4.3% |
| Tangible fixed assets | 22/27 | €740,981 | €708,861 | -€32,120 | -4.3% |
| Land and buildings | 22 | €722,786 | €696,660 | -€26,126 | -3.6% |
| Plant, machinery and equipment | 23 | €3,366 | €849 | -€2,517 | -74.8% |
| Furniture and vehicles | 24 | €14,829 | €11,351 | -€3,478 | -23.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €40,314 | €18,576 | -€21,738 | -53.9% |
| Stocks and contracts in progress | 3 | €868 | - | -€868 | |
| Stocks | 30/36 | €868 | - | -€868 | |
| Amounts receivable within one year | 40/41 | €22,417 | €2,790 | -€19,626 | -87.6% |
| Trade receivables | 40 | €22,411 | €2,784 | -€19,627 | -87.6% |
| Other amounts receivable | 41 | €6 | €7 | +€1 | +8.6% |
| Cash at bank and in hand | 54/58 | €15,957 | €14,212 | -€1,745 | -10.9% |
| Deferred charges and accrued income | 490/1 | €1,073 | €1,574 | +€501 | +46.7% |
| Total equity and liabilities | 10/49 | €781,795 | €727,937 | -€53,858 | -6.9% |
| Equity | 10/15 | -€46,723 | -€71,287 | -€24,563 | -52.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,323 | -€89,887 | -€24,563 | -37.6% |
| Amounts payable | 17/49 | €828,519 | €799,224 | -€29,295 | -3.5% |
| Amounts payable after more than one year | 17 | €752,347 | €731,570 | -€20,776 | -2.8% |
| Financial debts | 170/4 | €152,347 | €131,570 | -€20,776 | -13.6% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,172 | €67,653 | -€8,519 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €22,058 | €22,489 | +€432 | +2.0% |
| Trade debts | 44 | €1,054 | €133 | -€921 | -87.4% |
| Suppliers | 440/4 | €1,054 | €133 | -€921 | -87.4% |
| Taxes, remuneration and social security | 45 | €5,578 | €3,226 | -€2,352 | -42.2% |
| Taxes | 450/3 | €5,578 | €3,226 | -€2,352 | -42.2% |
| Other amounts payable | 47/48 | €47,483 | €41,805 | -€5,678 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,868 | €32,120 | -€748 | -2.3% |
| Other operating charges | 640/8 | €5,453 | €4,275 | -€1,177 | -21.6% |
| Gross operating margin | 9900 | €58,116 | €17,639 | -€40,477 | -69.6% |
| Operating profit (loss) | 9901 | €19,796 | -€18,756 | -€38,552 | |
| Financial income | 75/76B | €66 | €2 | -€64 | -96.9% |
| Recurring financial income | 75 | €66 | €2 | -€64 | -96.9% |
| Financial charges | 65/66B | €5,169 | €5,308 | +€139 | +2.7% |
| Recurring financial charges | 65 | €5,169 | €5,308 | +€139 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €14,692 | -€24,062 | -€38,754 | |
| Income taxes | 67/77 | €452 | €501 | +€49 | +10.9% |
| Profit (loss) for the period | 9904 | €14,240 | -€24,563 | -€38,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,240 | -€24,563 | -€38,803 |
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 13 October 2026 via checked.be.