ARTOLA: 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.
ARTOLA
Largest movements
- Cash +€8,250
up €8,250 (+126%), from €6,574 to €14,824
mainly Other debts (+€20,096) and Tax, wage and social debts (+€3,187)
- Receivables within one year +€7,005
up €7,005 (+132%), from €5,290 to €12,295
- Stocks and contracts -€2,851
down €2,851 (-33.3%), from €8,551 to €5,700
- Deferred charges and accrued income -€1,900
no longer reported in 2025 (was €1,900)
- Tangible fixed assets -€400
down €400 (-24.2%), from €1,652 to €1,252
- Other debts +€20,096
new in 2025: €20,096
- Profit (loss) carried forward -€11,750
down €11,750 (-52.3%), from -€22,445 to -€34,195
- Tax, wage and social debts +€3,187
up €3,187 (+13.7%), from €23,337 to €26,523
of which Remuneration and social security: +€6,701
- Trade debts -€1,427
down €1,427 (-16.3%), from €8,775 to €7,348
- Gross operating margin +€22,596
up €22,596 (+45.3%), from €49,852 to €72,448
- Purchases and services -€16,365
down €16,365 (-13.6%), from €120,059 to €103,694
- Staff costs +€9,304
up €9,304 (+13.8%), from €67,190 to €76,494
- Turnover +€6,257
up €6,257 (+3.7%), from €169,885 to €176,142
- Financial charges +€1,932
up €1,932 (+177%), from €1,094 to €3,027
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 | €29,666 | €39,772 | +€10,105 | +34.1% |
| Fixed assets | 21/28 | €7,352 | €6,952 | -€400 | -5.4% |
| Tangible fixed assets | 22/27 | €1,652 | €1,252 | -€400 | -24.2% |
| Furniture and vehicles | 24 | €1,652 | €1,252 | -€400 | -24.2% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €22,314 | €32,819 | +€10,505 | +47.1% |
| Stocks and contracts in progress | 3 | €8,551 | €5,700 | -€2,851 | -33.3% |
| Stocks | 30/36 | €8,551 | €5,700 | -€2,851 | -33.3% |
| Amounts receivable within one year | 40/41 | €5,290 | €12,295 | +€7,005 | +132% |
| Other amounts receivable | 41 | €5,290 | €12,295 | +€7,005 | +132% |
| Cash at bank and in hand | 54/58 | €6,574 | €14,824 | +€8,250 | +126% |
| Deferred charges and accrued income | 490/1 | €1,900 | - | -€1,900 | |
| Total equity and liabilities | 10/49 | €29,666 | €39,772 | +€10,105 | +34.1% |
| Equity | 10/15 | -€2,445 | -€14,195 | -€11,750 | -480% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,445 | -€34,195 | -€11,750 | -52.3% |
| Amounts payable | 17/49 | €32,112 | €53,967 | +€21,855 | +68.1% |
| Amounts payable within one year | 42/48 | €32,112 | €53,967 | +€21,855 | +68.1% |
| Trade debts | 44 | €8,775 | €7,348 | -€1,427 | -16.3% |
| Suppliers | 440/4 | €8,775 | €7,348 | -€1,427 | -16.3% |
| Taxes, remuneration and social security | 45 | €23,337 | €26,523 | +€3,187 | +13.7% |
| Taxes | 450/3 | €8,569 | €5,055 | -€3,514 | -41.0% |
| Remuneration and social security | 454/9 | €14,767 | €21,468 | +€6,701 | +45.4% |
| Other amounts payable | 47/48 | - | €20,096 | +€20,096 | |
| Turnover | 70 | €169,885 | €176,142 | +€6,257 | +3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €120,059 | €103,694 | -€16,365 | -13.6% |
| Remuneration, social security and pensions | 62 | €67,190 | €76,494 | +€9,304 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | €400 | +€53 | +15.4% |
| Other operating charges | 640/8 | €3,767 | €4,299 | +€532 | +14.1% |
| Gross operating margin | 9900 | €49,852 | €72,448 | +€22,596 | +45.3% |
| Operating profit (loss) | 9901 | -€21,451 | -€8,745 | +€12,706 | +59.2% |
| Financial income | 75/76B | €100 | €22 | -€78 | -77.9% |
| Recurring financial income | 75 | €100 | €22 | -€78 | -77.9% |
| Financial charges | 65/66B | €1,094 | €3,027 | +€1,932 | +177% |
| Recurring financial charges | 65 | €1,094 | €3,027 | +€1,932 | +177% |
| Profit (loss) for the period before taxes | 9903 | -€22,445 | -€11,750 | +€10,696 | +47.7% |
| Profit (loss) for the period | 9904 | -€22,445 | -€11,750 | +€10,696 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,445 | -€11,750 | +€10,696 | +47.7% |
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 27 October 2026 via checked.be.