ARTMONI: 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.
ARTMONI
Largest movements
- Tangible fixed assets -€19,300
down €19,300 (-5.5%), from €352,043 to €332,743
of which Leasing and similar rights: -€10,335
- Deferred charges and accrued income +€13,361
up €13,361 (+790.5%), from €1,690 to €15,052
- Receivables within one year +€6,384
up €6,384 (+491.8%), from €1,298 to €7,682
of which Other amounts receivable: +€6,384
- Cash -€4,033
down €4,033 (-58.0%), from €6,953 to €2,920
mainly Debts after one year (-€13,569) and Deferred charges and accrued income (-€13,361)
- Debts after one year -€13,569
down €13,569 (-30.9%), from €43,866 to €30,298
- Current portion of long-term debt -€11,636
down €11,636 (-46.2%), from €25,205 to €13,569
- Reserves +€9,719
up €9,719 (+150.6%), from €6,454 to €16,174
of which Distributable reserves: +€9,719
- Short-term financial debts +€8,000
new in 2025: €8,000
- Profit (loss) carried forward +€3,781
up €3,781, from -€3,781 to €0
- Depreciation -€16,508
down €16,508 (-33.9%), from €48,737 to €32,229
- Taxes +€4,823
up €4,823 (+137.8%), from €3,499 to €8,321
- Gross operating margin +€2,960
up €2,960 (+5.1%), from €58,518 to €61,478
- Financial income -€693
down €693 (-98.5%), from €704 to €11
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 | €362,157 | €358,568 | -€3,588 | -1.0% |
| Fixed assets | 21/28 | €352,215 | €332,915 | -€19,300 | -5.5% |
| Tangible fixed assets | 22/27 | €352,043 | €332,743 | -€19,300 | -5.5% |
| Land and buildings | 22 | €339,943 | €332,240 | -€7,703 | -2.3% |
| Plant, machinery and equipment | 23 | €400 | €32 | -€367 | -91.9% |
| Furniture and vehicles | 24 | €1,366 | €471 | -€895 | -65.5% |
| Leasing and similar rights | 25 | €10,335 | €0 | -€10,335 | -100.0% |
| Financial fixed assets | 28 | €172 | €172 | = | 0.0% |
| Current assets | 29/58 | €9,941 | €25,653 | +€15,712 | +158.0% |
| Amounts receivable within one year | 40/41 | €1,298 | €7,682 | +€6,384 | +491.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,298 | €7,682 | +€6,384 | +491.8% |
| Cash at bank and in hand | 54/58 | €6,953 | €2,920 | -€4,033 | -58.0% |
| Deferred charges and accrued income | 490/1 | €1,690 | €15,052 | +€13,361 | +790.5% |
| Total equity and liabilities | 10/49 | €362,157 | €358,568 | -€3,588 | -1.0% |
| Equity | 10/15 | €15,070 | €28,571 | +€13,500 | +89.6% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €6,454 | €16,174 | +€9,719 | +150.6% |
| Tax-exempt reserves | 132 | €2,874 | €2,874 | = | 0.0% |
| Distributable reserves | 133 | €3,581 | €13,300 | +€9,719 | +271.4% |
| Profit (loss) carried forward | 14 | -€3,781 | €0 | +€3,781 | |
| Amounts payable | 17/49 | €347,086 | €329,997 | -€17,089 | -4.9% |
| Amounts payable after more than one year | 17 | €43,866 | €30,298 | -€13,569 | -30.9% |
| Financial debts | 170/4 | €43,866 | €30,298 | -€13,569 | -30.9% |
| Amounts payable within one year | 42/48 | €301,145 | €298,509 | -€2,635 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €25,205 | €13,569 | -€11,636 | -46.2% |
| Financial debts | 43 | - | €8,000 | +€8,000 | |
| Credit institutions | 430/8 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €9,492 | €11,051 | +€1,559 | +16.4% |
| Suppliers | 440/4 | €9,492 | €11,051 | +€1,559 | +16.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €266,448 | €265,890 | -€558 | -0.2% |
| Accrued charges and deferred income | 492/3 | €2,075 | €1,190 | -€885 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,737 | €32,229 | -€16,508 | -33.9% |
| Other operating charges | 640/8 | €4,952 | €5,057 | +€105 | +2.1% |
| Non-recurring operating charges | 66A | €277 | €0 | -€277 | -100.0% |
| Gross operating margin | 9900 | €58,518 | €61,478 | +€2,960 | +5.1% |
| Operating profit (loss) | 9901 | €4,552 | €24,191 | +€19,639 | +431.4% |
| Financial income | 75/76B | €704 | €11 | -€693 | -98.5% |
| Recurring financial income | 75 | €704 | €11 | -€693 | -98.5% |
| Financial charges | 65/66B | €2,464 | €2,380 | -€84 | -3.4% |
| Recurring financial charges | 65 | €2,464 | €2,380 | -€84 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €2,792 | €21,822 | +€19,030 | +681.7% |
| Income taxes | 67/77 | €3,499 | €8,321 | +€4,823 | +137.8% |
| Profit (loss) for the period | 9904 | -€707 | €13,500 | +€14,208 | |
| Profit (loss) for the period to be appropriated | 9905 | -€707 | €13,500 | +€14,208 |
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 6 October 2026 via checked.be.