Artlo: 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.
Artlo
Largest movements
- Cash +€1,150
new in 2025: €1,150
mainly Other debts (+€5,931) and Depreciation (+€1,167)
- Intangible fixed assets -€1,129
down €1,129 (-60.0%), from €1,882 to €753
- Tangible fixed assets +€1,110
new in 2025: €1,110
- Receivables within one year -€829
down €829 (-44.3%), from €1,871 to €1,042
of which Trade receivables: -€698
- Stocks and contracts -€612
down €612 (-7.6%), from €8,077 to €7,465
- Other debts +€5,931
up €5,931 (+8.4%), from €71,002 to €76,933
- Profit (loss) carried forward -€5,872
down €5,872 (-5.7%), from -€103,779 to -€109,651
- Tax, wage and social debts -€768
no longer reported in 2025 (was €768)
- Trade debts +€418
up €418 (+1.8%), from €23,820 to €24,238
- Gross operating margin +€22,842
up €22,842 (+86.0%), from -€26,567 to -€3,725
- Other operating charges -€11,055
down €11,055 (-92.8%), from €11,912 to €857
- Financial charges -€1,450
down €1,450 (-92.2%), from €1,573 to €123
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 | €11,830 | €11,520 | -€310 | -2.6% |
| Fixed assets | 21/28 | €1,882 | €1,863 | -€19 | -1.0% |
| Intangible fixed assets | 21 | €1,882 | €753 | -€1,129 | -60.0% |
| Tangible fixed assets | 22/27 | - | €1,110 | +€1,110 | |
| Furniture and vehicles | 24 | - | €1,110 | +€1,110 | |
| Current assets | 29/58 | €9,948 | €9,657 | -€291 | -2.9% |
| Stocks and contracts in progress | 3 | €8,077 | €7,465 | -€612 | -7.6% |
| Stocks | 30/36 | €8,077 | €7,465 | -€612 | -7.6% |
| Amounts receivable within one year | 40/41 | €1,871 | €1,042 | -€829 | -44.3% |
| Trade receivables | 40 | €1,582 | €884 | -€698 | -44.1% |
| Other amounts receivable | 41 | €289 | €158 | -€131 | -45.3% |
| Cash at bank and in hand | 54/58 | - | €1,150 | +€1,150 | |
| Total equity and liabilities | 10/49 | €11,830 | €11,520 | -€310 | -2.6% |
| Equity | 10/15 | -€83,779 | -€89,651 | -€5,872 | -7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | -€103,779 | -€109,651 | -€5,872 | -5.7% |
| Amounts payable | 17/49 | €95,609 | €101,171 | +€5,562 | +5.8% |
| Amounts payable within one year | 42/48 | €95,609 | €101,171 | +€5,562 | +5.8% |
| Financial debts | 43 | €19 | - | -€19 | |
| Credit institutions | 430/8 | €19 | - | -€19 | |
| Trade debts | 44 | €23,820 | €24,238 | +€418 | +1.8% |
| Suppliers | 440/4 | €23,820 | €24,238 | +€418 | +1.8% |
| Taxes, remuneration and social security | 45 | €768 | - | -€768 | |
| Taxes | 450/3 | €768 | - | -€768 | |
| Other amounts payable | 47/48 | €71,002 | €76,933 | +€5,931 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,129 | €1,167 | +€38 | +3.4% |
| Other operating charges | 640/8 | €11,912 | €857 | -€11,055 | -92.8% |
| Gross operating margin | 9900 | -€26,567 | -€3,725 | +€22,842 | +86.0% |
| Operating profit (loss) | 9901 | -€39,608 | -€5,749 | +€33,859 | +85.5% |
| Financial income | 75/76B | €252 | - | -€252 | |
| Recurring financial income | 75 | €252 | - | -€252 | |
| Financial charges | 65/66B | €1,573 | €123 | -€1,450 | -92.2% |
| Recurring financial charges | 65 | €1,573 | €123 | -€1,450 | -92.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,929 | -€5,872 | +€35,057 | +85.7% |
| Profit (loss) for the period | 9904 | -€40,929 | -€5,872 | +€35,057 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,929 | -€5,872 | +€35,057 | +85.7% |
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 5 October 2026 via checked.be.