ARTORYS: 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.
ARTORYS
Largest movements
- Cash +€42,397
up €42,397 (+687.6%), from €6,166 to €48,563
mainly Net result for the year (+€36,308) and Other debts (+€31,350)
- Tangible fixed assets -€13,920
down €13,920 (-5.8%), from €239,436 to €225,516
of which Other tangible fixed assets: -€7,285
- Receivables within one year -€4,090
down €4,090 (-7.8%), from €52,149 to €48,059
of which Other amounts receivable: -€4,018
- Other debts +€31,350
up €31,350 (+366.7%), from €8,550 to €39,900
- Debts after one year -€27,138
down €27,138 (-35.4%), from €76,572 to €49,433
- Trade debts +€17,186
up €17,186 (+363.5%), from €4,727 to €21,914
- Current portion of long-term debt +€15,297
up €15,297 (+50.0%), from €30,601 to €45,898
- Reserves -€6,000
down €6,000 (-5.1%), from €116,610 to €110,610
of which Distributable reserves: -€6,000
- Gross operating margin +€25,029
up €25,029 (+47.0%), from €53,276 to €78,305
- Taxes +€7,468
up €7,468 (+89.9%), from €8,305 to €15,773
- Other operating charges -€5,299
down €5,299 (-48.4%), from €10,954 to €5,655
- Financial charges +€1,770
up €1,770 (+43.2%), from €4,100 to €5,870
- Financial income -€1,004
down €1,004 (-72.8%), from €1,379 to €375
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 | €306,248 | €329,386 | +€23,138 | +7.6% |
| Fixed assets | 21/28 | €240,336 | €226,416 | -€13,920 | -5.8% |
| Tangible fixed assets | 22/27 | €239,436 | €225,516 | -€13,920 | -5.8% |
| Land and buildings | 22 | €193,233 | €186,748 | -€6,485 | -3.4% |
| Furniture and vehicles | 24 | €1,457 | €1,306 | -€151 | -10.4% |
| Other tangible fixed assets | 26 | €44,747 | €37,462 | -€7,285 | -16.3% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €65,912 | €102,970 | +€37,058 | +56.2% |
| Amounts receivable within one year | 40/41 | €52,149 | €48,059 | -€4,090 | -7.8% |
| Trade receivables | 40 | €41,602 | €41,529 | -€72 | -0.2% |
| Other amounts receivable | 41 | €10,548 | €6,530 | -€4,018 | -38.1% |
| Cash at bank and in hand | 54/58 | €6,166 | €48,563 | +€42,397 | +687.6% |
| Deferred charges and accrued income | 490/1 | €7,596 | €6,348 | -€1,249 | -16.4% |
| Total equity and liabilities | 10/49 | €306,248 | €329,386 | +€23,138 | +7.6% |
| Equity | 10/15 | €171,454 | €165,762 | -€5,692 | -3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €116,610 | €110,610 | -€6,000 | -5.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €114,750 | €108,750 | -€6,000 | -5.2% |
| Profit (loss) carried forward | 14 | €42,444 | €42,752 | +€308 | +0.7% |
| Amounts payable | 17/49 | €134,794 | €163,624 | +€28,830 | +21.4% |
| Amounts payable after more than one year | 17 | €76,572 | €49,433 | -€27,138 | -35.4% |
| Financial debts | 170/4 | €76,572 | €49,433 | -€27,138 | -35.4% |
| Amounts payable within one year | 42/48 | €58,222 | €114,190 | +€55,968 | +96.1% |
| Current portion of amounts payable after more than one year | 42 | €30,601 | €45,898 | +€15,297 | +50.0% |
| Financial debts | 43 | €1,910 | - | -€1,910 | |
| Credit institutions | 430/8 | €1,910 | - | -€1,910 | |
| Trade debts | 44 | €4,727 | €21,914 | +€17,186 | +363.5% |
| Suppliers | 440/4 | €4,727 | €21,914 | +€17,186 | +363.5% |
| Taxes, remuneration and social security | 45 | €12,434 | €6,479 | -€5,955 | -47.9% |
| Taxes | 450/3 | €8,747 | €5,131 | -€3,615 | -41.3% |
| Remuneration and social security | 454/9 | €3,687 | €1,347 | -€2,340 | -63.5% |
| Other amounts payable | 47/48 | €8,550 | €39,900 | +€31,350 | +366.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,362 | €15,075 | -€287 | -1.9% |
| Other operating charges | 640/8 | €10,954 | €5,655 | -€5,299 | -48.4% |
| Gross operating margin | 9900 | €53,276 | €78,305 | +€25,029 | +47.0% |
| Operating profit (loss) | 9901 | €26,961 | €57,576 | +€30,615 | +113.6% |
| Financial income | 75/76B | €1,379 | €375 | -€1,004 | -72.8% |
| Recurring financial income | 75 | €1,379 | €375 | -€1,004 | -72.8% |
| Financial charges | 65/66B | €4,100 | €5,870 | +€1,770 | +43.2% |
| Recurring financial charges | 65 | €4,100 | €5,870 | +€1,770 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €24,240 | €52,081 | +€27,841 | +114.9% |
| Income taxes | 67/77 | €8,305 | €15,773 | +€7,468 | +89.9% |
| Profit (loss) for the period | 9904 | €15,935 | €36,308 | +€20,373 | +127.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,935 | €36,308 | +€20,373 | +127.8% |
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 2 October 2026 via checked.be.