ARTO PRODUCTION: 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.
ARTO PRODUCTION
Largest movements
- Stocks and contracts -€10,240
down €10,240 (-15.1%), from €67,865 to €57,626
- Cash +€10,111
up €10,111 (+80.8%), from €12,511 to €22,622
mainly Depreciation (+€14,059) and Stocks and contracts (+€10,240)
- Tangible fixed assets +€9,174
up €9,174 (+16.0%), from €57,194 to €66,369
of which Land and buildings: +€4,934
- Other debts -€10,254
down €10,254 (-32.0%), from €32,036 to €21,783
- Reserves +€8,932
up €8,932 (+20.5%), from €43,497 to €52,430
of which Distributable reserves: +€8,932
- Trade debts +€7,019
up €7,019 (+85.9%), from €8,174 to €15,194
- Debts after one year +€3,587
up €3,587 (+11.6%), from €30,818 to €34,405
- Gross operating margin +€8,503
up €8,503 (+41.3%), from €20,601 to €29,104
- Depreciation +€5,003
up €5,003 (+55.2%), from €9,056 to €14,059
- Taxes +€1,685
up €1,685 (+416%), from €405 to €2,090
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 | €149,453 | €159,712 | +€10,259 | +6.9% |
| Fixed assets | 21/28 | €57,194 | €66,369 | +€9,174 | +16.0% |
| Tangible fixed assets | 22/27 | €57,194 | €66,369 | +€9,174 | +16.0% |
| Land and buildings | 22 | €12,328 | €17,263 | +€4,934 | +40.0% |
| Plant, machinery and equipment | 23 | €44,866 | €46,029 | +€1,163 | +2.6% |
| Furniture and vehicles | 24 | - | €3,077 | +€3,077 | |
| Current assets | 29/58 | €92,259 | €93,343 | +€1,084 | +1.2% |
| Stocks and contracts in progress | 3 | €67,865 | €57,626 | -€10,240 | -15.1% |
| Stocks | 30/36 | €67,865 | €57,626 | -€10,240 | -15.1% |
| Amounts receivable within one year | 40/41 | €10,802 | €11,705 | +€902 | +8.4% |
| Trade receivables | 40 | €10,802 | €10,276 | -€526 | -4.9% |
| Other amounts receivable | 41 | - | €1,428 | +€1,428 | |
| Cash at bank and in hand | 54/58 | €12,511 | €22,622 | +€10,111 | +80.8% |
| Deferred charges and accrued income | 490/1 | €1,081 | €1,391 | +€310 | +28.7% |
| Total equity and liabilities | 10/49 | €149,453 | €159,712 | +€10,259 | +6.9% |
| Equity | 10/15 | €62,097 | €71,030 | +€8,932 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,497 | €52,430 | +€8,932 | +20.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €40,637 | €49,570 | +€8,932 | +22.0% |
| Amounts payable | 17/49 | €87,356 | €88,682 | +€1,326 | +1.5% |
| Amounts payable after more than one year | 17 | €30,818 | €34,405 | +€3,587 | +11.6% |
| Financial debts | 170/4 | €30,818 | €34,405 | +€3,587 | +11.6% |
| Amounts payable within one year | 42/48 | €56,538 | €54,277 | -€2,261 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €14,164 | €14,806 | +€642 | +4.5% |
| Trade debts | 44 | €8,174 | €15,194 | +€7,019 | +85.9% |
| Suppliers | 440/4 | €8,174 | €15,194 | +€7,019 | +85.9% |
| Taxes, remuneration and social security | 45 | €2,163 | €2,495 | +€332 | +15.3% |
| Taxes | 450/3 | €2,163 | €2,495 | +€332 | +15.3% |
| Other amounts payable | 47/48 | €32,036 | €21,783 | -€10,254 | -32.0% |
| Non-recurring operating income | 76A | €1,230 | - | -€1,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,056 | €14,059 | +€5,003 | +55.2% |
| Other operating charges | 640/8 | €305 | €313 | +€8 | +2.7% |
| Gross operating margin | 9900 | €20,601 | €29,104 | +€8,503 | +41.3% |
| Operating profit (loss) | 9901 | €11,240 | €14,732 | +€3,492 | +31.1% |
| Financial income | 75/76B | €14 | €74 | +€60 | +430% |
| Recurring financial income | 75 | €14 | €74 | +€60 | +430% |
| Financial charges | 65/66B | €3,635 | €3,784 | +€149 | +4.1% |
| Recurring financial charges | 65 | €3,635 | €3,784 | +€149 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €7,619 | €11,022 | +€3,403 | +44.7% |
| Income taxes | 67/77 | €405 | €2,090 | +€1,685 | +416% |
| Profit (loss) for the period | 9904 | €7,214 | €8,932 | +€1,718 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,214 | €8,932 | +€1,718 | +23.8% |
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 26 October 2026 via checked.be.