ARTLOGIC: 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.
ARTLOGIC
Largest movements
- Receivables within one year +€224,209
up €224,209 (+255.6%), from €87,706 to €311,915
of which Other amounts receivable: +€128,598
- Cash -€93,424
down €93,424 (-71.9%), from €129,938 to €36,514
mainly Receivables within one year (-€224,209) and Investment in fixed assets (net) (-€70,667)
- Tangible fixed assets +€62,582
up €62,582 (+350.1%), from €17,875 to €80,457
of which Other tangible fixed assets: +€64,005
- Deferred charges and accrued income +€8,114
up €8,114 (+118.1%), from €6,868 to €14,982
- Trade debts +€158,286
up €158,286 (+665.4%), from €23,789 to €182,075
- Tax, wage and social debts +€27,661
up €27,661 (+201.5%), from €13,731 to €41,392
of which Taxes: +€20,063
- Reserves +€19,645
up €19,645 (+10.0%), from €196,739 to €216,383
- Gross operating margin -€96,979
down €96,979 (-52.3%), from €185,589 to €88,610
- Staff costs +€57,244
up €57,244, from €0 to €57,244
- Taxes -€45,557
down €45,557 (-83.6%), from €54,509 to €8,951
- Financial income +€4,271
up €4,271 (+4056.4%), from €105 to €4,376
- Depreciation +€2,855
up €2,855 (+54.6%), from €5,231 to €8,086
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 | €260,637 | €462,119 | +€201,481 | +77.3% |
| Fixed assets | 21/28 | €36,126 | €98,708 | +€62,582 | +173.2% |
| Tangible fixed assets | 22/27 | €17,875 | €80,457 | +€62,582 | +350.1% |
| Plant, machinery and equipment | 23 | - | €794 | +€794 | |
| Furniture and vehicles | 24 | €1,081 | €3,064 | +€1,983 | +183.5% |
| Leasing and similar rights | 25 | €7,560 | €3,360 | -€4,200 | -55.6% |
| Other tangible fixed assets | 26 | €9,234 | €73,239 | +€64,005 | +693.1% |
| Financial fixed assets | 28 | €18,251 | €18,251 | = | 0.0% |
| Current assets | 29/58 | €224,511 | €363,411 | +€138,900 | +61.9% |
| Amounts receivable within one year | 40/41 | €87,706 | €311,915 | +€224,209 | +255.6% |
| Trade receivables | 40 | €78,320 | €173,931 | +€95,612 | +122.1% |
| Other amounts receivable | 41 | €9,386 | €137,984 | +€128,598 | +1370.1% |
| Cash at bank and in hand | 54/58 | €129,938 | €36,514 | -€93,424 | -71.9% |
| Deferred charges and accrued income | 490/1 | €6,868 | €14,982 | +€8,114 | +118.1% |
| Total equity and liabilities | 10/49 | €260,637 | €462,119 | +€201,481 | +77.3% |
| Equity | 10/15 | €215,339 | €234,983 | +€19,645 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €196,739 | €216,383 | +€19,645 | +10.0% |
| Distributable reserves | 133 | €196,739 | €216,383 | +€19,645 | +10.0% |
| Amounts payable | 17/49 | €45,299 | €227,135 | +€181,837 | +401.4% |
| Amounts payable after more than one year | 17 | €3,263 | €0 | -€3,263 | -100.0% |
| Financial debts | 170/4 | €3,263 | €0 | -€3,263 | -100.0% |
| Amounts payable within one year | 42/48 | €42,036 | €227,135 | +€185,100 | +440.3% |
| Current portion of amounts payable after more than one year | 42 | €4,287 | €3,263 | -€1,025 | -23.9% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €23,789 | €182,075 | +€158,286 | +665.4% |
| Suppliers | 440/4 | €23,789 | €182,075 | +€158,286 | +665.4% |
| Taxes, remuneration and social security | 45 | €13,731 | €41,392 | +€27,661 | +201.5% |
| Taxes | 450/3 | €13,731 | €33,794 | +€20,063 | +146.1% |
| Remuneration and social security | 454/9 | - | €7,598 | +€7,598 | |
| Other amounts payable | 47/48 | €229 | €403 | +€174 | +76.1% |
| Remuneration, social security and pensions | 62 | €0 | €57,244 | +€57,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,231 | €8,086 | +€2,855 | +54.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,149 | -€10,751 | -€602 | -5.9% |
| Other operating charges | 640/8 | €10,902 | €8,761 | -€2,141 | -19.6% |
| Gross operating margin | 9900 | €185,589 | €88,610 | -€96,979 | -52.3% |
| Operating profit (loss) | 9901 | €179,605 | €25,270 | -€154,335 | -85.9% |
| Financial income | 75/76B | €105 | €4,376 | +€4,271 | +4056.4% |
| Recurring financial income | 75 | €105 | €4,376 | +€4,271 | +4056.4% |
| Financial charges | 65/66B | €1,403 | €1,050 | -€353 | -25.1% |
| Recurring financial charges | 65 | €1,403 | €1,050 | -€353 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €178,307 | €28,596 | -€149,711 | -84.0% |
| Income taxes | 67/77 | €54,509 | €8,951 | -€45,557 | -83.6% |
| Profit (loss) for the period | 9904 | €123,799 | €19,645 | -€104,154 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €123,799 | €19,645 | -€104,154 | -84.1% |
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.