ARTOPEDIC: what changed
Two fiscal 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.
ARTOPEDIC
Largest movements
- Cash +€92,586
up €92,586 (+145.2%), from €63,759 to €156,344
mainly Trade debts (+€65,457) and Net result for the year (+€49,043)
- Tangible fixed assets +€20,629
up €20,629 (+59.5%), from €34,677 to €55,306
of which Plant, machinery and equipment: +€14,528
- Receivables within one year +€9,677
up €9,677 (+6.1%), from €158,384 to €168,061
of which Other amounts receivable: +€17,666
- Stocks and contracts +€7,403
up €7,403 (+214.8%), from €3,447 to €10,849
- Trade debts +€65,457
up €65,457 (+244.1%), from €26,820 to €92,277
- Reserves +€49,043
up €49,043 (+36.0%), from €136,383 to €185,426
- Tax, wage and social debts +€20,790
up €20,790 (+31.3%), from €66,408 to €87,197
of which Taxes: +€22,405
- Debts after one year -€7,688
down €7,688 (-29.1%), from €26,382 to €18,694
- Gross operating margin -€83,528
down €83,528 (-40.3%), from €207,262 to €123,734
- Staff costs +€37,097
new in 2025: €37,097
- Taxes -€36,031
down €36,031 (-61.7%), from €58,413 to €22,382
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 | €268,683 | €397,282 | +€128,599 | +47.9% |
| Fixed assets | 21/28 | €39,156 | €59,145 | +€19,989 | +51.0% |
| Intangible fixed assets | 21 | €2,480 | €1,840 | -€640 | -25.8% |
| Tangible fixed assets | 22/27 | €34,677 | €55,306 | +€20,629 | +59.5% |
| Plant, machinery and equipment | 23 | €31,388 | €45,916 | +€14,528 | +46.3% |
| Furniture and vehicles | 24 | €3,289 | €9,390 | +€6,101 | +185.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €229,527 | €338,137 | +€108,610 | +47.3% |
| Stocks and contracts in progress | 3 | €3,447 | €10,849 | +€7,403 | +214.8% |
| Stocks | 30/36 | €3,447 | €10,849 | +€7,403 | +214.8% |
| Amounts receivable within one year | 40/41 | €158,384 | €168,061 | +€9,677 | +6.1% |
| Trade receivables | 40 | €151,276 | €143,287 | -€7,989 | -5.3% |
| Other amounts receivable | 41 | €7,108 | €24,774 | +€17,666 | +248.5% |
| Cash at bank and in hand | 54/58 | €63,759 | €156,344 | +€92,586 | +145.2% |
| Deferred charges and accrued income | 490/1 | €3,938 | €2,883 | -€1,055 | -26.8% |
| Total equity and liabilities | 10/49 | €268,683 | €397,282 | +€128,599 | +47.9% |
| Equity | 10/15 | €138,383 | €187,426 | +€49,043 | +35.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €136,383 | €185,426 | +€49,043 | +36.0% |
| Distributable reserves | 133 | €136,383 | €185,426 | +€49,043 | +36.0% |
| Amounts payable | 17/49 | €130,300 | €209,856 | +€79,556 | +61.1% |
| Amounts payable after more than one year | 17 | €26,382 | €18,694 | -€7,688 | -29.1% |
| Financial debts | 170/4 | €26,382 | €18,694 | -€7,688 | -29.1% |
| Amounts payable within one year | 42/48 | €103,918 | €191,162 | +€87,244 | +84.0% |
| Current portion of amounts payable after more than one year | 42 | €7,353 | €7,689 | +€336 | +4.6% |
| Trade debts | 44 | €26,820 | €92,277 | +€65,457 | +244.1% |
| Suppliers | 440/4 | €26,820 | €92,277 | +€65,457 | +244.1% |
| Taxes, remuneration and social security | 45 | €66,408 | €87,197 | +€20,790 | +31.3% |
| Taxes | 450/3 | €59,382 | €81,786 | +€22,405 | +37.7% |
| Remuneration and social security | 454/9 | €7,026 | €5,411 | -€1,615 | -23.0% |
| Other amounts payable | 47/48 | €3,337 | €3,999 | +€661 | +19.8% |
| Remuneration, social security and pensions | 62 | - | €37,097 | +€37,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,143 | €10,122 | +€1,979 | +24.3% |
| Other operating charges | 640/8 | €1,408 | €1,359 | -€48 | -3.4% |
| Gross operating margin | 9900 | €207,262 | €123,734 | -€83,528 | -40.3% |
| Operating profit (loss) | 9901 | €197,711 | €75,156 | -€122,555 | -62.0% |
| Financial income | 75/76B | - | €850 | +€850 | |
| Recurring financial income | 75 | - | €850 | +€850 | |
| Financial charges | 65/66B | €2,915 | €4,579 | +€1,664 | +57.1% |
| Recurring financial charges | 65 | €2,915 | €4,579 | +€1,664 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €194,796 | €71,426 | -€123,370 | -63.3% |
| Income taxes | 67/77 | €58,413 | €22,382 | -€36,031 | -61.7% |
| Profit (loss) for the period | 9904 | €136,383 | €49,043 | -€87,339 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,383 | €49,043 | -€87,339 | -64.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.