ARTOR GROUP: 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.
ARTOR GROUP
Largest movements
- Stocks and contracts +€160,489
up €160,489 (+183%), from €87,511 to €248,000
- Cash +€152,398
up €152,398 (+120%), from €127,063 to €279,461
mainly Debts after one year (+€168,669) and Short-term financial debts (+€113,891)
- Receivables within one year +€141,263
up €141,263 (+290%), from €48,786 to €190,049
of which Trade receivables: +€101,250
- Current investments -€50,005
down €50,005 (-100%), from €50,005 to €0
- Debts after one year +€168,669
up €168,669 (+211%), from €79,860 to €248,528
- Short-term financial debts +€113,891
up €113,891 (+368%), from €30,972 to €144,864
- Tax, wage and social debts +€85,061
up €85,061 (+165%), from €51,658 to €136,719
of which Taxes: +€81,829
- Current portion of long-term debt +€43,217
up €43,217 (+239%), from €18,114 to €61,331
- Trade debts +€33,184
up €33,184 (+35.7%), from €93,043 to €126,227
- Staff costs +€37,072
new in 2024: €37,072
- Gross operating margin -€30,128
down €30,128 (-42.7%), from €70,514 to €40,386
- Taxes -€13,437
down €13,437 (-100%), from €13,437 to €0
- Depreciation +€10,359
up €10,359 (+1,386%), from €747 to €11,106
- Financial charges +€3,705
up €3,705 (+79.8%), from €4,642 to €8,347
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,649 | €761,426 | +€404,778 | +113% |
| Fixed assets | 21/28 | €42,791 | €43,917 | +€1,126 | +2.6% |
| Tangible fixed assets | 22/27 | €42,791 | €43,917 | +€1,126 | +2.6% |
| Furniture and vehicles | 24 | €42,791 | €43,917 | +€1,126 | +2.6% |
| Current assets | 29/58 | €313,858 | €717,510 | +€403,652 | +129% |
| Stocks and contracts in progress | 3 | €87,511 | €248,000 | +€160,489 | +183% |
| Stocks | 30/36 | €87,511 | €248,000 | +€160,489 | +183% |
| Amounts receivable within one year | 40/41 | €48,786 | €190,049 | +€141,263 | +290% |
| Trade receivables | 40 | €43,814 | €145,065 | +€101,250 | +231% |
| Other amounts receivable | 41 | €4,971 | €44,984 | +€40,013 | +805% |
| Current investments | 50/53 | €50,005 | €0 | -€50,005 | -100% |
| Cash at bank and in hand | 54/58 | €127,063 | €279,461 | +€152,398 | +120% |
| Deferred charges and accrued income | 490/1 | €493 | €0 | -€493 | -100% |
| Total equity and liabilities | 10/49 | €356,649 | €761,426 | +€404,778 | +113% |
| Equity | 10/15 | €54,327 | €38,721 | -€15,606 | -28.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,327 | €36,721 | -€15,606 | -29.8% |
| Amounts payable | 17/49 | €302,321 | €722,705 | +€420,384 | +139% |
| Amounts payable after more than one year | 17 | €79,860 | €248,528 | +€168,669 | +211% |
| Financial debts | 170/4 | €79,860 | €248,528 | +€168,669 | +211% |
| Amounts payable within one year | 42/48 | €222,462 | €474,177 | +€251,715 | +113% |
| Current portion of amounts payable after more than one year | 42 | €18,114 | €61,331 | +€43,217 | +239% |
| Financial debts | 43 | €30,972 | €144,864 | +€113,891 | +368% |
| Credit institutions | 430/8 | €30,972 | €144,864 | +€113,891 | +368% |
| Trade debts | 44 | €93,043 | €126,227 | +€33,184 | +35.7% |
| Suppliers | 440/4 | €93,043 | €126,227 | +€33,184 | +35.7% |
| Taxes, remuneration and social security | 45 | €51,658 | €136,719 | +€85,061 | +165% |
| Taxes | 450/3 | €51,658 | €133,487 | +€81,829 | +158% |
| Remuneration and social security | 454/9 | - | €3,232 | +€3,232 | |
| Other amounts payable | 47/48 | €28,674 | €5,036 | -€23,638 | -82.4% |
| Remuneration, social security and pensions | 62 | - | €37,072 | +€37,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €747 | €11,106 | +€10,359 | +1,386% |
| Other operating charges | 640/8 | €109 | €660 | +€551 | +506% |
| Gross operating margin | 9900 | €70,514 | €40,386 | -€30,128 | -42.7% |
| Operating profit (loss) | 9901 | €69,658 | -€8,452 | -€78,110 | |
| Financial income | 75/76B | €749 | €1,194 | +€445 | +59.4% |
| Recurring financial income | 75 | €749 | €1,194 | +€445 | +59.4% |
| Financial charges | 65/66B | €4,642 | €8,347 | +€3,705 | +79.8% |
| Recurring financial charges | 65 | €4,642 | €8,347 | +€3,705 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €65,765 | -€15,606 | -€81,371 | |
| Income taxes | 67/77 | €13,437 | €0 | -€13,437 | -100% |
| Profit (loss) for the period | 9904 | €52,327 | -€15,606 | -€67,933 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,327 | -€15,606 | -€67,933 |
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 19 October 2026 via checked.be.