ARTong: 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.
ARTong
Largest movements
- Cash +€55,892
up €55,892 (+42.0%), from €132,981 to €188,873
mainly Net result for the year (+€79,457) and Depreciation (+€53,058)
- Receivables within one year +€33,477
up €33,477 (+35.6%), from €94,026 to €127,503
of which Other amounts receivable: +€39,526
- Receivables after one year -€27,000
down €27,000 (-45.0%), from €60,000 to €33,000
- Intangible fixed assets -€17,300
down €17,300 (-50.8%), from €34,035 to €16,735
- Tangible fixed assets +€11,508
up €11,508 (+6.6%), from €174,259 to €185,767
of which Plant, machinery and equipment: +€11,096
- Reserves +€79,457
up €79,457 (+25.9%), from €306,579 to €386,037
- Debts after one year -€33,023
down €33,023 (-36.9%), from €89,375 to €56,352
- Tax, wage and social debts -€22,311
down €22,311 (-35.3%), from €63,223 to €40,912
of which Remuneration and social security: -€15,058
- Trade debts +€18,329
up €18,329 (+54.0%), from €33,928 to €52,256
- Staff costs +€55,578
up €55,578 (+32.4%), from €171,384 to €226,961
- Other operating charges -€49,467
down €49,467 (-76.9%), from €64,289 to €14,822
- Gross operating margin -€17,204
down €17,204 (-4.0%), from €434,213 to €417,008
- Taxes -€9,697
down €9,697 (-22.7%), from €42,628 to €32,931
- Depreciation +€6,907
up €6,907 (+15.0%), from €46,151 to €53,058
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 | €536,754 | €580,980 | +€44,226 | +8.2% |
| Fixed assets | 21/28 | €208,294 | €203,502 | -€4,792 | -2.3% |
| Intangible fixed assets | 21 | €34,035 | €16,735 | -€17,300 | -50.8% |
| Tangible fixed assets | 22/27 | €174,259 | €185,767 | +€11,508 | +6.6% |
| Land and buildings | 22 | €89,856 | €91,232 | +€1,376 | +1.5% |
| Plant, machinery and equipment | 23 | €82,548 | €93,644 | +€11,096 | +13.4% |
| Furniture and vehicles | 24 | €1,855 | €891 | -€964 | -52.0% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €328,460 | €377,478 | +€49,018 | +14.9% |
| Amounts receivable after more than one year | 29 | €60,000 | €33,000 | -€27,000 | -45.0% |
| Other amounts receivable | 291 | €60,000 | €33,000 | -€27,000 | -45.0% |
| Stocks and contracts in progress | 3 | €38,485 | €27,246 | -€11,238 | -29.2% |
| Stocks | 30/36 | €38,485 | €27,246 | -€11,238 | -29.2% |
| Amounts receivable within one year | 40/41 | €94,026 | €127,503 | +€33,477 | +35.6% |
| Trade receivables | 40 | €28,820 | €22,771 | -€6,049 | -21.0% |
| Other amounts receivable | 41 | €65,206 | €104,732 | +€39,526 | +60.6% |
| Cash at bank and in hand | 54/58 | €132,981 | €188,873 | +€55,892 | +42.0% |
| Deferred charges and accrued income | 490/1 | €2,968 | €855 | -€2,113 | -71.2% |
| Total equity and liabilities | 10/49 | €536,754 | €580,980 | +€44,226 | +8.2% |
| Equity | 10/15 | €318,979 | €398,437 | +€79,457 | +24.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €306,579 | €386,037 | +€79,457 | +25.9% |
| Distributable reserves | 133 | €306,579 | €386,037 | +€79,457 | +25.9% |
| Amounts payable | 17/49 | €217,774 | €182,543 | -€35,231 | -16.2% |
| Amounts payable after more than one year | 17 | €89,375 | €56,352 | -€33,023 | -36.9% |
| Financial debts | 170/4 | €89,375 | €56,352 | -€33,023 | -36.9% |
| Amounts payable within one year | 42/48 | €128,400 | €126,191 | -€2,208 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €31,249 | €33,023 | +€1,774 | +5.7% |
| Trade debts | 44 | €33,928 | €52,256 | +€18,329 | +54.0% |
| Suppliers | 440/4 | €33,928 | €52,256 | +€18,329 | +54.0% |
| Taxes, remuneration and social security | 45 | €63,223 | €40,912 | -€22,311 | -35.3% |
| Taxes | 450/3 | €48,164 | €40,912 | -€7,252 | -15.1% |
| Remuneration and social security | 454/9 | €15,058 | - | -€15,058 | |
| Non-recurring operating income | 76A | €21,053 | €5,311 | -€15,742 | -74.8% |
| Remuneration, social security and pensions | 62 | €171,384 | €226,961 | +€55,578 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,151 | €53,058 | +€6,907 | +15.0% |
| Other operating charges | 640/8 | €64,289 | €14,822 | -€49,467 | -76.9% |
| Gross operating margin | 9900 | €434,213 | €417,008 | -€17,204 | -4.0% |
| Operating profit (loss) | 9901 | €152,389 | €122,167 | -€30,222 | -19.8% |
| Financial income | 75/76B | €107 | €5 | -€102 | -95.1% |
| Recurring financial income | 75 | €107 | €5 | -€102 | -95.1% |
| Financial charges | 65/66B | €10,632 | €9,783 | -€849 | -8.0% |
| Recurring financial charges | 65 | €10,632 | €9,783 | -€849 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €141,864 | €112,389 | -€29,475 | -20.8% |
| Income taxes | 67/77 | €42,628 | €32,931 | -€9,697 | -22.7% |
| Profit (loss) for the period | 9904 | €99,235 | €79,457 | -€19,778 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,235 | €79,457 | -€19,778 | -19.9% |
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 10 October 2026 via checked.be.