ARTMANO: 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.
ARTMANO
Largest movements
- Cash -€12,673
down €12,673 (-33.1%), from €38,286 to €25,614
mainly Investment in fixed assets (net) (-€36,789) and Net result for the year (-€5,614)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€6,762
down €6,762 (-13.4%), from €50,486 to €43,724
- Depreciation -€3,774
down €3,774 (-9.5%), from €39,856 to €36,082
- Taxes -€1,223
down €1,223 (-19.0%), from €6,448 to €5,225
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 | €704,711 | €693,213 | -€11,497 | -1.6% |
| Fixed assets | 21/28 | €664,541 | €665,249 | +€707 | +0.1% |
| Tangible fixed assets | 22/27 | €664,393 | €665,100 | +€707 | +0.1% |
| Land and buildings | 22 | €640,750 | €613,796 | -€26,955 | -4.2% |
| Plant, machinery and equipment | 23 | €23,642 | €51,304 | +€27,662 | +117% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €40,169 | €27,965 | -€12,204 | -30.4% |
| Amounts receivable within one year | 40/41 | €393 | €775 | +€382 | +97.2% |
| Other amounts receivable | 41 | €393 | €775 | +€382 | +97.2% |
| Cash at bank and in hand | 54/58 | €38,286 | €25,614 | -€12,673 | -33.1% |
| Deferred charges and accrued income | 490/1 | €1,490 | €1,576 | +€86 | +5.8% |
| Total equity and liabilities | 10/49 | €704,711 | €693,213 | -€11,497 | -1.6% |
| Equity | 10/15 | €503,892 | €498,278 | -€5,614 | -1.1% |
| Reserves | 13 | €503,892 | €498,278 | -€5,614 | -1.1% |
| Tax-exempt reserves | 132 | €372,521 | €355,711 | -€16,810 | -4.5% |
| Distributable reserves | 133 | €131,371 | €142,567 | +€11,196 | +8.5% |
| Provisions and deferred taxes | 16 | €117,924 | €112,320 | -€5,603 | -4.8% |
| Deferred taxes | 168 | €117,924 | €112,320 | -€5,603 | -4.8% |
| Amounts payable | 17/49 | €82,895 | €82,615 | -€279 | -0.3% |
| Amounts payable within one year | 42/48 | €82,797 | €82,548 | -€249 | -0.3% |
| Trade debts | 44 | €3,992 | €7,691 | +€3,699 | +92.7% |
| Suppliers | 440/4 | €3,992 | €7,691 | +€3,699 | +92.7% |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €2,196 | €2,288 | +€92 | +4.2% |
| Taxes | 450/3 | €2,196 | €2,288 | +€92 | +4.2% |
| Other amounts payable | 47/48 | €73,610 | €72,570 | -€1,040 | -1.4% |
| Accrued charges and deferred income | 492/3 | €97 | €67 | -€30 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,856 | €36,082 | -€3,774 | -9.5% |
| Other operating charges | 640/8 | €10,253 | €10,585 | +€331 | +3.2% |
| Gross operating margin | 9900 | €50,486 | €43,724 | -€6,762 | -13.4% |
| Operating profit (loss) | 9901 | €377 | -€2,942 | -€3,319 | |
| Financial charges | 65/66B | €2,944 | €3,051 | +€107 | +3.6% |
| Recurring financial charges | 65 | €2,944 | €3,051 | +€107 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,566 | -€5,993 | -€3,427 | -134% |
| Transfer from deferred taxes | 780 | €5,603 | €5,603 | +€1 | 0.0% |
| Income taxes | 67/77 | €6,448 | €5,225 | -€1,223 | -19.0% |
| Profit (loss) for the period | 9904 | -€3,411 | -€5,614 | -€2,203 | -64.6% |
| Transfer from tax-exempt reserves | 789 | €16,809 | €16,810 | +€2 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,398 | €11,196 | -€2,202 | -16.4% |
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 20 October 2026 via checked.be.