ARTOMA: what changed
ARTOMA
Largest movements
- Cash +€1.1m
up €1.1m (+601%), from €182,136 to €1.3m
mainly Net result for the year (+€1.1m) and Depreciation (+€366,341)
- Tangible fixed assets -€366,341
down €366,341 (-14.1%), from €2.6m to €2.2m
- Receivables within one year +€226,948
up €226,948 (+12.0%), from €1.9m to €2.1m
of which Trade receivables: +€136,394
- Deferred charges and accrued income -€212,955
no longer reported in 2025 (was €212,955)
- Reserves +€1.1m
up €1.1m (+57.3%), from €1.9m to €3.0m
- Debts after one year -€333,743
down €333,743 (-16.9%), from €2.0m to €1.6m
- Tax, wage and social debts +€326,009
up €326,009 (+1,547%), from €21,068 to €347,077
- Accrued charges and deferred income -€249,201
no longer reported in 2025 (was €249,201)
- Trade debts -€85,929
down €85,929 (-27.8%), from €309,152 to €223,222
- Gross operating margin +€1.5m
up €1.5m (+306%), from €504,091 to €2.0m
- Taxes +€514,888
up €514,888 (+2,444%), from €21,068 to €535,957
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,880,720 | €5,622,319 | +€741,599 | +15.2% |
| Fixed assets | 21/28 | €2,601,604 | €2,235,263 | -€366,341 | -14.1% |
| Tangible fixed assets | 22/27 | €2,601,604 | €2,235,263 | -€366,341 | -14.1% |
| Plant, machinery and equipment | 23 | €2,601,604 | €2,235,263 | -€366,341 | -14.1% |
| Current assets | 29/58 | €2,279,116 | €3,387,056 | +€1.1m | +48.6% |
| Amounts receivable within one year | 40/41 | €1,884,025 | €2,110,973 | +€226,948 | +12.0% |
| Trade receivables | 40 | €439,263 | €575,657 | +€136,394 | +31.1% |
| Other amounts receivable | 41 | €1,444,762 | €1,535,317 | +€90,554 | +6.3% |
| Cash at bank and in hand | 54/58 | €182,136 | €1,276,083 | +€1.1m | +601% |
| Deferred charges and accrued income | 490/1 | €212,955 | - | -€212,955 | |
| Total equity and liabilities | 10/49 | €4,880,720 | €5,622,319 | +€741,599 | +15.2% |
| Equity | 10/15 | €1,991,990 | €3,076,454 | +€1.1m | +54.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,891,990 | €2,976,454 | +€1.1m | +57.3% |
| Distributable reserves | 133 | €1,891,990 | €2,976,454 | +€1.1m | +57.3% |
| Amounts payable | 17/49 | €2,888,730 | €2,545,866 | -€342,865 | -11.9% |
| Amounts payable after more than one year | 17 | €1,975,567 | €1,641,824 | -€333,743 | -16.9% |
| Financial debts | 170/4 | €1,975,567 | €1,641,824 | -€333,743 | -16.9% |
| Amounts payable within one year | 42/48 | €663,963 | €904,042 | +€240,079 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €333,743 | €333,743 | = | 0.0% |
| Trade debts | 44 | €309,152 | €223,222 | -€85,929 | -27.8% |
| Suppliers | 440/4 | €309,152 | €223,222 | -€85,929 | -27.8% |
| Taxes, remuneration and social security | 45 | €21,068 | €347,077 | +€326,009 | +1,547% |
| Taxes | 450/3 | €21,068 | €347,077 | +€326,009 | +1,547% |
| Accrued charges and deferred income | 492/3 | €249,201 | - | -€249,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362,109 | €366,341 | +€4,232 | +1.2% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €504,091 | €2,047,608 | +€1.5m | +306% |
| Operating profit (loss) | 9901 | €141,867 | €1,681,140 | +€1.5m | +1,085% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,400% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,400% |
| Financial charges | 65/66B | €67,943 | €60,720 | -€7,222 | -10.6% |
| Recurring financial charges | 65 | €67,943 | €60,720 | -€7,222 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €73,924 | €1,620,420 | +€1.5m | +2,092% |
| Income taxes | 67/77 | €21,068 | €535,957 | +€514,888 | +2,444% |
| Profit (loss) for the period | 9904 | €52,856 | €1,084,464 | +€1.0m | +1,952% |
| Profit (loss) for the period to be appropriated | 9905 | €52,856 | €1,084,464 | +€1.0m | +1,952% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.