ARTPACK: 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.
ARTPACK
Largest movements
- Current investments -€116,686
no longer reported in 2025 (was €116,686)
- Cash +€113,999
new in 2025: €113,999
mainly Net result for the year (+€246,621) and Depreciation (+€183,841)
- Tangible fixed assets -€113,411
down €113,411 (-4.1%), from €2.7m to €2.6m
of which Land and buildings: -€79,544
- Receivables within one year +€98,849
up €98,849 (+10.6%), from €930,725 to €1.0m
of which Trade receivables: +€106,406
- Stocks and contracts +€54,245
up €54,245 (+9.1%), from €593,821 to €648,066
- Reserves +€246,621
up €246,621 (+23.5%), from €1.1m to €1.3m
of which Distributable reserves: +€246,621
- Short-term financial debts -€108,700
down €108,700 (-26.9%), from €404,000 to €295,300
- Debts after one year -€99,325
down €99,325 (-5.5%), from €1.8m to €1.7m
- Gross operating margin +€106,779
up €106,779 (+9.6%), from €1.1m to €1.2m
- Taxes +€76,159
up €76,159 (+338%), from €22,500 to €98,659
- Staff costs -€39,162
down €39,162 (-6.4%), from €610,079 to €570,917
- Depreciation +€33,627
up €33,627 (+22.4%), from €150,214 to €183,841
- Financial charges +€29,772
up €29,772 (+29.8%), from €100,031 to €129,803
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 | €4,390,229 | €4,456,400 | +€66,171 | +1.5% |
| Fixed assets | 21/28 | €2,739,825 | €2,631,008 | -€108,817 | -4.0% |
| Intangible fixed assets | 21 | - | €4,594 | +€4,594 | |
| Tangible fixed assets | 22/27 | €2,739,385 | €2,625,974 | -€113,411 | -4.1% |
| Land and buildings | 22 | €2,258,738 | €2,179,194 | -€79,544 | -3.5% |
| Plant, machinery and equipment | 23 | €10,611 | €7,386 | -€3,225 | -30.4% |
| Furniture and vehicles | 24 | €92,387 | €49,366 | -€43,021 | -46.6% |
| Leasing and similar rights | 25 | - | €66,484 | +€66,484 | |
| Other tangible fixed assets | 26 | €377,649 | €323,544 | -€54,105 | -14.3% |
| Financial fixed assets | 28 | €440 | €440 | = | 0.0% |
| Current assets | 29/58 | €1,650,404 | €1,825,392 | +€174,988 | +10.6% |
| Stocks and contracts in progress | 3 | €593,821 | €648,066 | +€54,245 | +9.1% |
| Stocks | 30/36 | €593,821 | €648,066 | +€54,245 | +9.1% |
| Amounts receivable within one year | 40/41 | €930,725 | €1,029,574 | +€98,849 | +10.6% |
| Trade receivables | 40 | €900,096 | €1,006,502 | +€106,406 | +11.8% |
| Other amounts receivable | 41 | €30,629 | €23,073 | -€7,556 | -24.7% |
| Current investments | 50/53 | €116,686 | - | -€116,686 | |
| Cash at bank and in hand | 54/58 | - | €113,999 | +€113,999 | |
| Deferred charges and accrued income | 490/1 | €9,172 | €33,753 | +€24,581 | +268% |
| Total equity and liabilities | 10/49 | €4,390,229 | €4,456,400 | +€66,171 | +1.5% |
| Equity | 10/15 | €1,109,558 | €1,356,179 | +€246,621 | +22.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €1,050,909 | €1,297,530 | +€246,621 | +23.5% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,409 | €21,409 | -€0 | 0.0% |
| Distributable reserves | 133 | €1,025,000 | €1,271,621 | +€246,621 | +24.1% |
| Profit (loss) carried forward | 14 | €13,649 | €13,649 | -€0 | 0.0% |
| Amounts payable | 17/49 | €3,280,671 | €3,100,221 | -€180,450 | -5.5% |
| Amounts payable after more than one year | 17 | €1,800,197 | €1,700,872 | -€99,325 | -5.5% |
| Financial debts | 170/4 | €1,800,197 | €1,700,872 | -€99,325 | -5.5% |
| Amounts payable within one year | 42/48 | €1,454,782 | €1,371,658 | -€83,124 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €159,046 | €167,383 | +€8,337 | +5.2% |
| Financial debts | 43 | €404,000 | €295,300 | -€108,700 | -26.9% |
| Credit institutions | 430/8 | €404,000 | €295,300 | -€108,700 | -26.9% |
| Trade debts | 44 | €439,156 | €456,516 | +€17,360 | +4.0% |
| Suppliers | 440/4 | €439,156 | €456,516 | +€17,360 | +4.0% |
| Taxes, remuneration and social security | 45 | €160,252 | €202,459 | +€42,207 | +26.3% |
| Taxes | 450/3 | €96,933 | €121,287 | +€24,354 | +25.1% |
| Remuneration and social security | 454/9 | €63,319 | €81,172 | +€17,853 | +28.2% |
| Other amounts payable | 47/48 | €292,328 | €250,000 | -€42,328 | -14.5% |
| Accrued charges and deferred income | 492/3 | €25,692 | €27,692 | +€2,000 | +7.8% |
| Remuneration, social security and pensions | 62 | €610,079 | €570,917 | -€39,162 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,214 | €183,841 | +€33,627 | +22.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,380 | -€3,262 | -€18,642 | |
| Other operating charges | 640/8 | €9,147 | €22,854 | +€13,707 | +150% |
| Non-recurring operating charges | 66A | €191,209 | - | -€191,209 | |
| Gross operating margin | 9900 | €1,113,417 | €1,220,196 | +€106,779 | +9.6% |
| Operating profit (loss) | 9901 | €137,388 | €445,846 | +€308,458 | +225% |
| Financial income | 75/76B | €16,157 | €29,236 | +€13,079 | +81.0% |
| Recurring financial income | 75 | €16,157 | €29,236 | +€13,079 | +81.0% |
| Financial charges | 65/66B | €100,031 | €129,803 | +€29,772 | +29.8% |
| Recurring financial charges | 65 | €100,031 | €129,803 | +€29,772 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €53,514 | €345,280 | +€291,766 | +545% |
| Income taxes | 67/77 | €22,500 | €98,659 | +€76,159 | +338% |
| Profit (loss) for the period | 9904 | €31,014 | €246,621 | +€215,607 | +695% |
| Profit (loss) for the period to be appropriated | 9905 | €31,014 | €246,621 | +€215,607 | +695% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.