ARTOS: 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.
ARTOS
Largest movements
- Tangible fixed assets -€71,024
down €71,024 (-4.6%), from €1.5m to €1.5m
of which Land and buildings: -€58,079
- Cash -€68,171
down €68,171 (-44.2%), from €154,139 to €85,968
mainly Debts within one year (-€75,415) and Receivables within one year (-€64,237)
- Receivables within one year +€64,237
up €64,237 (+441.3%), from €14,558 to €78,795
of which Other amounts receivable: +€51,026
- Current investments -€34,934
down €34,934 (-21.3%), from €163,870 to €128,936
- Debts within one year -€75,415
down €75,415 (-29.6%), from €255,180 to €179,764
- Investment grants -€44,618
down €44,618 (-4.8%), from €932,716 to €888,098
- Profit (loss) carried forward +€36,603
up €36,603 (+28.2%), from €129,990 to €166,593
- Debts after one year -€20,000
down €20,000 (-11.1%), from €180,000 to €160,000
- Staff costs +€38,379
up €38,379 (+3.9%), from €992,602 to €1.0m
- Gross operating margin +€23,478
up €23,478 (+2.1%), from €1.1m to €1.1m
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 | €1,885,667 | €1,782,264 | -€103,404 | -5.5% |
| Fixed assets | 21/28 | €1,544,740 | €1,472,340 | -€72,400 | -4.7% |
| Intangible fixed assets | 21 | €4,689 | €3,126 | -€1,563 | -33.3% |
| Tangible fixed assets | 22/27 | €1,540,051 | €1,469,028 | -€71,024 | -4.6% |
| Land and buildings | 22 | €1,502,360 | €1,444,281 | -€58,079 | -3.9% |
| Plant, machinery and equipment | 23 | €35,685 | €24,747 | -€10,938 | -30.7% |
| Furniture and vehicles | 24 | €2,006 | €0 | -€2,006 | -100.0% |
| Financial fixed assets | 28 | - | €186 | +€186 | |
| Current assets | 29/58 | €340,927 | €309,924 | -€31,004 | -9.1% |
| Amounts receivable within one year | 40/41 | €14,558 | €78,795 | +€64,237 | +441.3% |
| Trade receivables | 40 | €8,447 | €21,658 | +€13,212 | +156.4% |
| Other amounts receivable | 41 | €6,111 | €57,137 | +€51,026 | +835.0% |
| Current investments | 50/53 | €163,870 | €128,936 | -€34,934 | -21.3% |
| Cash at bank and in hand | 54/58 | €154,139 | €85,968 | -€68,171 | -44.2% |
| Deferred charges and accrued income | 490/1 | €8,361 | €16,225 | +€7,863 | +94.0% |
| Total equity and liabilities | 10/49 | €1,885,667 | €1,782,264 | -€103,404 | -5.5% |
| Equity | 10/15 | €1,449,414 | €1,441,399 | -€8,015 | -0.6% |
| Contributions | 10/11 | €386,708 | €386,708 | = | 0.0% |
| Capital | 10 | €386,708 | €386,708 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,990 | €166,593 | +€36,603 | +28.2% |
| Investment grants | 15 | €932,716 | €888,098 | -€44,618 | -4.8% |
| Amounts payable | 17/49 | €436,253 | €340,864 | -€95,389 | -21.9% |
| Amounts payable after more than one year | 17 | €180,000 | €160,000 | -€20,000 | -11.1% |
| Other amounts payable | 178/9 | €180,000 | €160,000 | -€20,000 | -11.1% |
| Amounts payable within one year | 42/48 | €255,180 | €179,764 | -€75,415 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €51,848 | €20,000 | -€31,848 | -61.4% |
| Trade debts | 44 | €22,318 | €23,008 | +€690 | +3.1% |
| Suppliers | 440/4 | €22,318 | €23,008 | +€690 | +3.1% |
| Taxes, remuneration and social security | 45 | €162,564 | €136,756 | -€25,808 | -15.9% |
| Taxes | 450/3 | €29,164 | €25,160 | -€4,004 | -13.7% |
| Remuneration and social security | 454/9 | €133,400 | €111,597 | -€21,804 | -16.3% |
| Accrued charges and deferred income | 492/3 | €1,074 | €1,100 | +€26 | +2.5% |
| Remuneration, social security and pensions | 62 | €992,602 | €1,030,981 | +€38,379 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,992 | €72,586 | -€1,406 | -1.9% |
| Other operating charges | 640/8 | €6,237 | €1,865 | -€4,372 | -70.1% |
| Gross operating margin | 9900 | €1,118,033 | €1,141,511 | +€23,478 | +2.1% |
| Operating profit (loss) | 9901 | €45,202 | €36,078 | -€9,123 | -20.2% |
| Financial income | 75/76B | €1,372 | €1,095 | -€277 | -20.2% |
| Recurring financial income | 75 | €1,372 | €1,095 | -€277 | -20.2% |
| Financial charges | 65/66B | €267 | €570 | +€303 | +113.5% |
| Recurring financial charges | 65 | €267 | €570 | +€303 | +113.5% |
| Profit (loss) for the period before taxes | 9903 | €46,306 | €36,603 | -€9,703 | -21.0% |
| Profit (loss) for the period | 9904 | €46,306 | €36,603 | -€9,703 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,306 | €36,603 | -€9,703 | -21.0% |
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 11 October 2026 via checked.be.