ARTOSO: 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.
ARTOSO
Largest movements
- Tangible fixed assets +€32,941
up €32,941 (+223%), from €14,770 to €47,710
of which Furniture and vehicles: +€30,218
- Cash +€30,828
up €30,828 (+95.6%), from €32,234 to €63,062
mainly Net result for the year (+€53,113) and Depreciation (+€23,989)
- Intangible fixed assets -€14,700
down €14,700 (-27.6%), from €53,339 to €38,639
- Receivables within one year -€13,541
down €13,541 (-7.3%), from €184,395 to €170,854
of which Trade receivables: -€61,698
- Deferred charges and accrued income +€3,760
up €3,760 (+46.0%), from €8,180 to €11,939
- Other debts +€19,217
up €19,217 (+56.3%), from €34,140 to €53,357
- Tax, wage and social debts +€16,072
up €16,072 (+39.4%), from €40,769 to €56,841
of which Remuneration and social security: +€19,674
- Accrued charges and deferred income +€4,768
up €4,768 (+3.2%), from €150,977 to €155,745
- Gross operating margin +€49,113
up €49,113 (+16.6%), from €296,404 to €345,517
- Staff costs +€27,793
up €27,793 (+12.1%), from €230,512 to €258,304
- Financial income -€9,044
down €9,044 (-98.7%), from €9,167 to €123
- Depreciation -€4,062
down €4,062 (-14.5%), from €28,051 to €23,989
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.
Derived cash bridge
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 | €330,964 | €370,252 | +€39,287 | +11.9% |
| Fixed assets | 21/28 | €71,156 | €89,397 | +€18,241 | +25.6% |
| Intangible fixed assets | 21 | €53,339 | €38,639 | -€14,700 | -27.6% |
| Tangible fixed assets | 22/27 | €14,770 | €47,710 | +€32,941 | +223% |
| Plant, machinery and equipment | 23 | - | €4,056 | +€4,056 | |
| Furniture and vehicles | 24 | €13,437 | €43,654 | +€30,218 | +225% |
| Leasing and similar rights | 25 | €1,333 | €0 | -€1,333 | -100% |
| Financial fixed assets | 28 | €3,048 | €3,048 | = | 0.0% |
| Current assets | 29/58 | €259,808 | €280,855 | +€21,047 | +8.1% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Trade receivables | 290 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €184,395 | €170,854 | -€13,541 | -7.3% |
| Trade receivables | 40 | €73,624 | €11,926 | -€61,698 | -83.8% |
| Other amounts receivable | 41 | €110,771 | €158,928 | +€48,157 | +43.5% |
| Cash at bank and in hand | 54/58 | €32,234 | €63,062 | +€30,828 | +95.6% |
| Deferred charges and accrued income | 490/1 | €8,180 | €11,939 | +€3,760 | +46.0% |
| Total equity and liabilities | 10/49 | €330,964 | €370,252 | +€39,287 | +11.9% |
| Equity | 10/15 | €85,999 | €89,113 | +€3,113 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,399 | €70,513 | +€3,113 | +4.6% |
| Distributable reserves | 133 | €67,399 | €70,513 | +€3,113 | +4.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €244,965 | €281,139 | +€36,174 | +14.8% |
| Amounts payable within one year | 42/48 | €93,988 | €125,394 | +€31,406 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €1,274 | €0 | -€1,274 | -100% |
| Trade debts | 44 | €17,805 | €15,195 | -€2,610 | -14.7% |
| Suppliers | 440/4 | €17,805 | €15,195 | -€2,610 | -14.7% |
| Taxes, remuneration and social security | 45 | €40,769 | €56,841 | +€16,072 | +39.4% |
| Taxes | 450/3 | €13,564 | €9,962 | -€3,602 | -26.6% |
| Remuneration and social security | 454/9 | €27,205 | €46,879 | +€19,674 | +72.3% |
| Other amounts payable | 47/48 | €34,140 | €53,357 | +€19,217 | +56.3% |
| Accrued charges and deferred income | 492/3 | €150,977 | €155,745 | +€4,768 | +3.2% |
| Non-recurring operating income | 76A | - | €11,715 | +€11,715 | |
| Remuneration, social security and pensions | 62 | €230,512 | €258,304 | +€27,793 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,051 | €23,989 | -€4,062 | -14.5% |
| Other operating charges | 640/8 | €1,475 | €1,845 | +€371 | +25.1% |
| Gross operating margin | 9900 | €296,404 | €345,517 | +€49,113 | +16.6% |
| Operating profit (loss) | 9901 | €36,366 | €61,378 | +€25,012 | +68.8% |
| Financial income | 75/76B | €9,167 | €123 | -€9,044 | -98.7% |
| Recurring financial income | 75 | €9,167 | €123 | -€9,044 | -98.7% |
| Financial charges | 65/66B | €3,541 | €4,318 | +€776 | +21.9% |
| Recurring financial charges | 65 | €3,541 | €4,318 | +€776 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €41,992 | €57,184 | +€15,192 | +36.2% |
| Income taxes | 67/77 | €6,642 | €4,071 | -€2,572 | -38.7% |
| Profit (loss) for the period | 9904 | €35,350 | €53,113 | +€17,764 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,350 | €53,113 | +€17,764 | +50.3% |
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 28 October 2026 via checked.be.