ARTMANA: 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.
ARTMANA
Largest movements
- Receivables within one year +€93,163
up €93,163 (+10.8%), from €860,126 to €953,289
- Tangible fixed assets +€23,074
up €23,074 (+80.4%), from €28,700 to €51,773
of which Furniture and vehicles: +€25,071
- Profit (loss) carried forward +€81,398
up €81,398 (+13.2%), from €616,035 to €697,434
- Trade debts +€28,472
up €28,472 (+85.3%), from €33,377 to €61,849
- Current portion of long-term debt +€21,996
up €21,996 (+508.7%), from €4,324 to €26,320
- Staff costs +€24,116
up €24,116 (+151.8%), from €15,882 to €39,998
- Gross operating margin +€12,354
up €12,354 (+11.2%), from €110,416 to €122,770
- Taxes -€8,295
down €8,295 (-26.4%), from €31,400 to €23,105
- Depreciation +€7,414
up €7,414 (+59.5%), from €12,470 to €19,884
- Other operating charges +€2,564
up €2,564 (+94.0%), from €2,727 to €5,291
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 | €894,236 | €1,010,668 | +€116,433 | +13.0% |
| Fixed assets | 21/28 | €28,885 | €51,958 | +€23,074 | +79.9% |
| Tangible fixed assets | 22/27 | €28,700 | €51,773 | +€23,074 | +80.4% |
| Furniture and vehicles | 24 | €26,702 | €51,773 | +€25,071 | +93.9% |
| Other tangible fixed assets | 26 | €1,998 | - | -€1,998 | |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €865,351 | €958,710 | +€93,359 | +10.8% |
| Amounts receivable within one year | 40/41 | €860,126 | €953,289 | +€93,163 | +10.8% |
| Other amounts receivable | 41 | €860,126 | €953,289 | +€93,163 | +10.8% |
| Cash at bank and in hand | 54/58 | €5,225 | €5,421 | +€196 | +3.8% |
| Total equity and liabilities | 10/49 | €894,236 | €1,010,668 | +€116,433 | +13.0% |
| Equity | 10/15 | €742,880 | €824,279 | +€81,398 | +11.0% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €2,898 | €2,898 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,898 | €2,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €616,035 | €697,434 | +€81,398 | +13.2% |
| Amounts payable | 17/49 | €151,355 | €186,390 | +€35,034 | +23.1% |
| Amounts payable after more than one year | 17 | €7,293 | - | -€7,293 | |
| Financial debts | 170/4 | €7,293 | - | -€7,293 | |
| Amounts payable within one year | 42/48 | €144,063 | €186,390 | +€42,327 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €4,324 | €26,320 | +€21,996 | +508.7% |
| Trade debts | 44 | €33,377 | €61,849 | +€28,472 | +85.3% |
| Suppliers | 440/4 | €33,377 | €61,849 | +€28,472 | +85.3% |
| Taxes, remuneration and social security | 45 | €76,822 | €68,681 | -€8,141 | -10.6% |
| Taxes | 450/3 | €75,852 | €62,247 | -€13,605 | -17.9% |
| Remuneration and social security | 454/9 | €970 | €6,434 | +€5,464 | +563.5% |
| Other amounts payable | 47/48 | €29,540 | €29,540 | = | 0.0% |
| Non-recurring operating income | 76A | - | €15,045 | +€15,045 | |
| Remuneration, social security and pensions | 62 | €15,882 | €39,998 | +€24,116 | +151.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,470 | €19,884 | +€7,414 | +59.5% |
| Other operating charges | 640/8 | €2,727 | €5,291 | +€2,564 | +94.0% |
| Gross operating margin | 9900 | €110,416 | €122,770 | +€12,354 | +11.2% |
| Operating profit (loss) | 9901 | €79,337 | €57,597 | -€21,740 | -27.4% |
| Financial income | 75/76B | €49,329 | €50,250 | +€921 | +1.9% |
| Recurring financial income | 75 | €49,329 | €50,250 | +€921 | +1.9% |
| Financial charges | 65/66B | €2,331 | €3,344 | +€1,014 | +43.5% |
| Recurring financial charges | 65 | €2,331 | €3,344 | +€1,014 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €126,335 | €104,503 | -€21,832 | -17.3% |
| Income taxes | 67/77 | €31,400 | €23,105 | -€8,295 | -26.4% |
| Profit (loss) for the period | 9904 | €94,936 | €81,398 | -€13,537 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,936 | €81,398 | -€13,537 | -14.3% |
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 9 October 2026 via checked.be.