ARTOM: 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.
ARTOM
Largest movements
- Receivables within one year +€100,985
up €100,985 (+61.6%), from €163,954 to €264,939
of which Trade receivables: +€100,174
- Tangible fixed assets +€29,749
up €29,749 (+2.3%), from €1.3m to €1.3m
of which Furniture and vehicles: +€19,846
- Debts after one year +€117,524
up €117,524 (+11.4%), from €1.0m to €1.1m
of which Other amounts payable: +€100,000
- Profit (loss) carried forward -€80,783
down €80,783 (-27.9%), from €289,178 to €208,395
- Trade debts +€43,614
up €43,614 (+77.3%), from €56,415 to €100,030
- Current portion of long-term debt +€26,780
up €26,780 (+20.7%), from €129,384 to €156,164
- Gross operating margin -€33,376
down €33,376 (-6.3%), from €533,411 to €500,035
- Depreciation -€15,619
down €15,619 (-8.4%), from €185,404 to €169,785
- Taxes -€6,185
down €6,185 (-25.1%), from €24,659 to €18,474
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 | €1,767,552 | €1,883,077 | +€115,526 | +6.5% |
| Fixed assets | 21/28 | €1,311,895 | €1,338,201 | +€26,305 | +2.0% |
| Intangible fixed assets | 21 | €15,687 | €12,243 | -€3,444 | -22.0% |
| Tangible fixed assets | 22/27 | €1,283,708 | €1,313,457 | +€29,749 | +2.3% |
| Land and buildings | 22 | €1,087,158 | €1,089,025 | +€1,867 | +0.2% |
| Plant, machinery and equipment | 23 | €20,811 | €16,121 | -€4,689 | -22.5% |
| Furniture and vehicles | 24 | €128,197 | €148,043 | +€19,846 | +15.5% |
| Leasing and similar rights | 25 | €47,542 | €60,268 | +€12,726 | +26.8% |
| Financial fixed assets | 28 | €12,500 | €12,500 | = | 0.0% |
| Current assets | 29/58 | €455,656 | €544,876 | +€89,220 | +19.6% |
| Amounts receivable within one year | 40/41 | €163,954 | €264,939 | +€100,985 | +61.6% |
| Trade receivables | 40 | €157,589 | €257,763 | +€100,174 | +63.6% |
| Other amounts receivable | 41 | €6,364 | €7,175 | +€811 | +12.7% |
| Cash at bank and in hand | 54/58 | €263,327 | €246,723 | -€16,604 | -6.3% |
| Deferred charges and accrued income | 490/1 | €28,375 | €33,215 | +€4,839 | +17.1% |
| Total equity and liabilities | 10/49 | €1,767,552 | €1,883,077 | +€115,526 | +6.5% |
| Equity | 10/15 | €311,178 | €230,395 | -€80,783 | -26.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,178 | €208,395 | -€80,783 | -27.9% |
| Amounts payable | 17/49 | €1,456,374 | €1,652,682 | +€196,308 | +13.5% |
| Amounts payable after more than one year | 17 | €1,029,848 | €1,147,372 | +€117,524 | +11.4% |
| Financial debts | 170/4 | €1,029,848 | €1,047,372 | +€17,524 | +1.7% |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €426,526 | €505,310 | +€78,785 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €129,384 | €156,164 | +€26,780 | +20.7% |
| Trade debts | 44 | €56,415 | €100,030 | +€43,614 | +77.3% |
| Suppliers | 440/4 | €56,415 | €100,030 | +€43,614 | +77.3% |
| Taxes, remuneration and social security | 45 | €56,460 | €72,117 | +€15,657 | +27.7% |
| Taxes | 450/3 | €31,709 | €40,250 | +€8,541 | +26.9% |
| Remuneration and social security | 454/9 | €24,750 | €31,866 | +€7,116 | +28.8% |
| Other amounts payable | 47/48 | €184,267 | €177,000 | -€7,267 | -3.9% |
| Non-recurring operating income | 76A | €18,218 | - | -€18,218 | |
| Remuneration, social security and pensions | 62 | €192,391 | €188,575 | -€3,816 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,404 | €169,785 | -€15,619 | -8.4% |
| Other operating charges | 640/8 | €10,458 | €11,742 | +€1,283 | +12.3% |
| Non-recurring operating charges | 66A | - | €20 | +€20 | |
| Gross operating margin | 9900 | €533,411 | €500,035 | -€33,376 | -6.3% |
| Operating profit (loss) | 9901 | €145,158 | €129,913 | -€15,245 | -10.5% |
| Financial income | 75/76B | €3,961 | €426 | -€3,536 | -89.3% |
| Recurring financial income | 75 | €3,961 | €426 | -€3,536 | -89.3% |
| Financial charges | 65/66B | €41,673 | €42,647 | +€974 | +2.3% |
| Recurring financial charges | 65 | €41,673 | €42,647 | +€974 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €107,446 | €87,692 | -€19,754 | -18.4% |
| Income taxes | 67/77 | €24,659 | €18,474 | -€6,185 | -25.1% |
| Profit (loss) for the period | 9904 | €82,787 | €69,217 | -€13,569 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,787 | €69,217 | -€13,569 | -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 21 October 2026 via checked.be.