ARTLIX: 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.
ARTLIX
Largest movements
- Cash -€57,114
down €57,114 (-90.8%), from €62,903 to €5,790
mainly Other debts (-€72,832) and Investment in fixed assets (net) (-€26,270)
- Tangible fixed assets -€18,070
down €18,070 (-4.3%), from €418,527 to €400,457
of which Other tangible fixed assets: -€15,207
- Other debts -€72,832
down €72,832 (-22.3%), from €326,390 to €253,558
- Reserves -€16,182
down €16,182 (-8.6%), from €188,850 to €172,668
of which Distributable reserves: -€16,182
- Accrued charges and deferred income +€14,043
up €14,043 (+666.5%), from €2,107 to €16,150
- Financial charges +€14,021
up €14,021 (+637.3%), from €2,200 to €16,221
- Gross operating margin +€9,290
up €9,290 (+21.3%), from €43,705 to €52,995
- Depreciation +€7,525
up €7,525 (+18.9%), from €39,817 to €47,342
- Other operating charges +€1,163
up €1,163 (+29.4%), from €3,962 to €5,125
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 | €537,642 | €463,930 | -€73,712 | -13.7% |
| Fixed assets | 21/28 | €431,553 | €410,480 | -€21,073 | -4.9% |
| Intangible fixed assets | 21 | €13,026 | €10,023 | -€3,003 | -23.1% |
| Tangible fixed assets | 22/27 | €418,527 | €400,457 | -€18,070 | -4.3% |
| Land and buildings | 22 | €120,721 | €114,489 | -€6,232 | -5.2% |
| Plant, machinery and equipment | 23 | - | €362 | +€362 | |
| Furniture and vehicles | 24 | €77,955 | €80,963 | +€3,008 | +3.9% |
| Other tangible fixed assets | 26 | €219,851 | €204,644 | -€15,207 | -6.9% |
| Current assets | 29/58 | €106,089 | €53,450 | -€52,639 | -49.6% |
| Amounts receivable within one year | 40/41 | €41,569 | €45,209 | +€3,640 | +8.8% |
| Trade receivables | 40 | - | €1,658 | +€1,658 | |
| Other amounts receivable | 41 | €41,569 | €43,552 | +€1,983 | +4.8% |
| Cash at bank and in hand | 54/58 | €62,903 | €5,790 | -€57,114 | -90.8% |
| Deferred charges and accrued income | 490/1 | €1,617 | €2,451 | +€834 | +51.6% |
| Total equity and liabilities | 10/49 | €537,642 | €463,930 | -€73,712 | -13.7% |
| Equity | 10/15 | €207,450 | €191,268 | -€16,182 | -7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €188,850 | €172,668 | -€16,182 | -8.6% |
| Non-distributable reserves | 130/1 | €2,210 | €2,210 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,210 | €2,210 | = | 0.0% |
| Distributable reserves | 133 | €186,640 | €170,458 | -€16,182 | -8.7% |
| Amounts payable | 17/49 | €330,192 | €272,662 | -€57,530 | -17.4% |
| Amounts payable within one year | 42/48 | €328,085 | €256,512 | -€71,573 | -21.8% |
| Trade debts | 44 | €892 | €2,459 | +€1,567 | +175.7% |
| Suppliers | 440/4 | €892 | €2,459 | +€1,567 | +175.7% |
| Taxes, remuneration and social security | 45 | €803 | €495 | -€308 | -38.4% |
| Taxes | 450/3 | €803 | €495 | -€308 | -38.4% |
| Other amounts payable | 47/48 | €326,390 | €253,558 | -€72,832 | -22.3% |
| Accrued charges and deferred income | 492/3 | €2,107 | €16,150 | +€14,043 | +666.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,817 | €47,342 | +€7,525 | +18.9% |
| Other operating charges | 640/8 | €3,962 | €5,125 | +€1,163 | +29.4% |
| Gross operating margin | 9900 | €43,705 | €52,995 | +€9,290 | +21.3% |
| Operating profit (loss) | 9901 | -€74 | €527 | +€601 | |
| Financial charges | 65/66B | €2,200 | €16,221 | +€14,021 | +637.3% |
| Recurring financial charges | 65 | €2,200 | €16,221 | +€14,021 | +637.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,274 | -€15,694 | -€13,420 | -590.1% |
| Income taxes | 67/77 | - | €488 | +€488 | |
| Profit (loss) for the period | 9904 | -€2,274 | -€16,181 | -€13,907 | -611.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,274 | -€16,181 | -€13,907 | -611.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.