ARTOOS: 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.
What changed
ARTOOS
NACE 18.110, Printing and reproduction of recorded media
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€315,345
2023 · €1.0m-€1.3m
Equity
€1.2m
2023 · €1.5m-€315,345
Cash
€385,278
2023 · €1.1m-€666,227
Balance sheet total
€9.9m
2023 · €12.7m-€2.8m
Largest movements
Assets
- Financial fixed assets +€2.2m
up €2.2m (+716.8%), from €313,660 to €2.6m
of which Affiliated companies: +€2.2m
- Receivables after one year -€1.9m
no longer reported in 2024 (was €1.9m)
- Receivables within one year -€1.8m
down €1.8m (-34.8%), from €5.3m to €3.4m
of which Trade receivables: -€1.8m
- Cash -€666,227
down €666,227 (-63.4%), from €1.1m to €385,278
mainly Investment in fixed assets (net) (-€2.7m) and Trade debts (-€1.1m)
- Tangible fixed assets -€458,459
down €458,459 (-43.6%), from €1.1m to €593,894
of which Plant, machinery and equipment: -€455,236
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-27.3%), from €4.0m to €2.9m
- Debts after one year -€645,202
down €645,202 (-53.5%), from €1.2m to €561,021
- Tax, wage and social debts -€576,835
down €576,835 (-32.7%), from €1.8m to €1.2m
of which Remuneration and social security: -€532,076
- Profit (loss) carried forward -€315,345
down €315,345 (-31.2%), from €1.0m to €694,502
Income statement
- Turnover -€2.0m
down €2.0m (-8.7%), from €23.4m to €21.4m
- Other operating income +€806,868
up €806,868 (+98.8%), from €816,574 to €1.6m
- Goods and materials -€597,375
down €597,375 (-10.2%), from €5.9m to €5.3m
of which Purchases: -€390,788
From the 2023 result to the 2024 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.
Result 2023
€1.0m
Turnover
-€2.0m
Other operating income
+€806,868
Goods and materials
+€597,375
Services and other goods
+€117,293
Staff costs
+€112,036
Depreciation
-€195,007
Write-downs
+€65,502
Provisions
-€2,469
Other operating charges
+€3,367
Other operating items
-€703,108
Financial income
-€57,804
Financial charges
-€5,808
Taxes
-€21,542
Result 2024
-€315,345
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.8m
Investment
-€2.7m
Financing
-€744,777
Cash 2023
€1.1m
From operations (derived)
+€2.8m
Net result for the year
-€315,345
Depreciation
+€936,438
Receivables after one year
+€1.9m
Stocks and contracts
+€70,941
Receivables within one year
+€1.8m
Deferred charges and accrued income
+€139,334
Trade debts
-€1.1m
Tax, wage and social debts
-€576,835
Accrued charges and deferred income
-€76,955
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€2.7m
Financing
-€744,777
Debts after one year
-€645,202
Current portion of long-term debt
-€50,847
Short-term financial debts
-€48,728
Cash 2024
€385,278
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,684,158 | €9,884,415 | -€2.8m | -22.1% |
| Fixed assets | 21/28 | €3,288,859 | €5,097,265 | +€1.8m | +55.0% |
| Intangible fixed assets | 21 | €1,922,846 | €1,941,519 | +€18,673 | +1.0% |
| Tangible fixed assets | 22/27 | €1,052,353 | €593,894 | -€458,459 | -43.6% |
| Land and buildings | 22 | €11,783 | €6,252 | -€5,531 | -46.9% |
| Plant, machinery and equipment | 23 | €972,527 | €517,291 | -€455,236 | -46.8% |
| Furniture and vehicles | 24 | €7,929 | €12,593 | +€4,664 | +58.8% |
| Leasing and similar rights | 25 | €60,114 | €57,759 | -€2,355 | -3.9% |
| Financial fixed assets | 28 | €313,660 | €2,561,852 | +€2.2m | +716.8% |
| Affiliated companies | 280/1 | €177,510 | €2,414,232 | +€2.2m | +1260.1% |
| Participating interests | 280 | €177,510 | €177,510 | = | 0.0% |
| Amounts receivable | 281 | - | €2,236,722 | +€2.2m | |
| Other financial fixed assets | 284/8 | €136,150 | €147,620 | +€11,470 | +8.4% |
| Amounts receivable and cash guarantees | 285/8 | €136,150 | €147,620 | +€11,470 | +8.4% |
| Current assets | 29/58 | €9,395,299 | €4,787,150 | -€4.6m | -49.0% |
| Amounts receivable after more than one year | 29 | €1,903,646 | - | -€1.9m | |
| Trade receivables | 290 | €1,903,646 | - | -€1.9m | |
| Stocks and contracts in progress | 3 | €882,408 | €811,467 | -€70,941 | -8.0% |
| Stocks | 30/36 | €882,408 | €811,467 | -€70,941 | -8.0% |
| Raw materials and consumables | 30/31 | €534,432 | €521,234 | -€13,198 | -2.5% |
| Work in progress | 32 | €347,976 | €290,233 | -€57,743 | -16.6% |
| Amounts receivable within one year | 40/41 | €5,259,516 | €3,431,516 | -€1.8m | -34.8% |
| Trade receivables | 40 | €5,251,871 | €3,427,486 | -€1.8m | -34.7% |
| Other amounts receivable | 41 | €7,645 | €4,030 | -€3,615 | -47.3% |
| Cash at bank and in hand | 54/58 | €1,051,505 | €385,278 | -€666,227 | -63.4% |
| Deferred charges and accrued income | 490/1 | €298,224 | €158,890 | -€139,334 | -46.7% |
| Total equity and liabilities | 10/49 | €12,684,158 | €9,884,415 | -€2.8m | -22.1% |
| Equity | 10/15 | €1,494,765 | €1,179,420 | -€315,345 | -21.1% |
| Contributions | 10/11 | €416,000 | €416,000 | = | 0.0% |
| Capital | 10 | €416,000 | €416,000 | = | 0.0% |
| Issued capital | 100 | €416,000 | €416,000 | = | 0.0% |
| Reserves | 13 | €68,918 | €68,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,600 | €41,600 | = | 0.0% |
| Legal reserve | 130 | €41,600 | €41,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,318 | €27,318 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,009,847 | €694,502 | -€315,345 | -31.2% |
| Amounts payable | 17/49 | €11,189,394 | €8,704,996 | -€2.5m | -22.2% |
| Amounts payable after more than one year | 17 | €1,206,223 | €561,021 | -€645,202 | -53.5% |
| Financial debts | 170/4 | €1,206,223 | €561,021 | -€645,202 | -53.5% |
| Leasing and similar obligations | 172 | €47,890 | €44,354 | -€3,536 | -7.4% |
| Credit institutions | 173 | €508,333 | €83,333 | -€425,000 | -83.6% |
| Other loans | 174 | €650,000 | €433,333 | -€216,667 | -33.3% |
| Amounts payable within one year | 42/48 | €9,677,097 | €7,914,856 | -€1.8m | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €590,414 | €539,567 | -€50,847 | -8.6% |
| Financial debts | 43 | €3,240,990 | €3,192,262 | -€48,728 | -1.5% |
| Credit institutions | 430/8 | €3,240,990 | €3,192,262 | -€48,728 | -1.5% |
| Trade debts | 44 | €3,981,508 | €2,895,677 | -€1.1m | -27.3% |
| Suppliers | 440/4 | €3,981,508 | €2,895,677 | -€1.1m | -27.3% |
| Taxes, remuneration and social security | 45 | €1,764,348 | €1,187,513 | -€576,835 | -32.7% |
| Taxes | 450/3 | €321,836 | €277,077 | -€44,759 | -13.9% |
| Remuneration and social security | 454/9 | €1,442,512 | €910,436 | -€532,076 | -36.9% |
| Other amounts payable | 47/48 | €99,838 | €99,838 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €306,073 | €229,119 | -€76,955 | -25.1% |
| Operating income | 70/76A | €25,388,917 | €23,487,912 | -€1.9m | -7.5% |
| Turnover | 70 | €23,449,899 | €21,405,602 | -€2.0m | -8.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€88,160 | -€37,817 | +€50,343 | +57.1% |
| Own construction capitalised | 72 | - | €66,240 | +€66,240 | |
| Other operating income | 74 | €816,574 | €1,623,443 | +€806,868 | +98.8% |
| Non-recurring operating income | 76A | €1,210,603 | €430,445 | -€780,158 | -64.4% |
| Operating charges | 60/66A | €24,308,045 | €23,649,481 | -€658,564 | -2.7% |
| Goods for resale, raw materials and consumables | 60 | €5,871,316 | €5,273,941 | -€597,375 | -10.2% |
| Purchases | 600/8 | €5,651,531 | €5,260,743 | -€390,788 | -6.9% |
| Change in stocks: decrease (increase) | 609 | €219,785 | €13,198 | -€206,587 | -94.0% |
| Services and other goods | 61 | €10,320,172 | €10,202,878 | -€117,293 | -1.1% |
| Remuneration, social security and pensions | 62 | €6,947,462 | €6,835,426 | -€112,036 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €741,431 | €936,438 | +€195,007 | +26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,790 | -€24,712 | -€65,502 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,469 | - | +€2,469 | |
| Other operating charges | 640/8 | €85,117 | €81,750 | -€3,367 | -4.0% |
| Non-recurring operating charges | 66A | €304,227 | €343,760 | +€39,533 | +13.0% |
| Operating profit (loss) | 9901 | €1,080,872 | -€161,569 | -€1.2m | |
| Financial income | 75/76B | €153,562 | €95,759 | -€57,804 | -37.6% |
| Recurring financial income | 75 | €153,562 | €95,759 | -€57,804 | -37.6% |
| Income from current assets | 751 | - | €185 | +€185 | |
| Other financial income | 752/9 | €153,562 | €95,574 | -€57,989 | -37.8% |
| Financial charges | 65/66B | €218,796 | €224,604 | +€5,808 | +2.7% |
| Recurring financial charges | 65 | €218,796 | €224,604 | +€5,808 | +2.7% |
| Debt charges | 650 | €202,646 | €208,442 | +€5,796 | +2.9% |
| Other financial charges | 652/9 | €16,150 | €16,162 | +€12 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €1,015,638 | -€290,414 | -€1.3m | |
| Income taxes | 67/77 | €3,389 | €24,931 | +€21,542 | +635.6% |
| Taxes | 670/3 | €3,600 | €24,931 | +€21,331 | +592.5% |
| Tax adjustments and reversals of tax provisions | 77 | €211 | - | -€211 | |
| Profit (loss) for the period | 9904 | €1,012,249 | -€315,345 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,012,249 | -€315,345 | -€1.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.