ARTPOLE: 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.
ARTPOLE
Largest movements
- Receivables within one year -€41,832
down €41,832 (-87.6%), from €47,730 to €5,898
of which Trade receivables: -€45,698
- Cash -€41,644
down €41,644 (-34.9%), from €119,481 to €77,837
mainly Other debts (-€73,331) and Contributions, distributions and other (-€25,286)
- Other debts -€73,331
down €73,331 (-70.3%), from €104,345 to €31,015
- Tax, wage and social debts -€8,861
no longer reported in 2025 (was €8,861)
of which Taxes: -€5,912
- Trade debts -€1,910
down €1,910 (-67.7%), from €2,821 to €911
- Gross operating margin -€75,314
down €75,314 (-68.2%), from €110,406 to €35,092
- Taxes -€15,984
down €15,984 (-65.8%), from €24,293 to €8,309
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 | €173,638 | €89,536 | -€84,102 | -48.4% |
| Fixed assets | 21/28 | €4,957 | €5,412 | +€455 | +9.2% |
| Tangible fixed assets | 22/27 | €4,957 | €5,412 | +€455 | +9.2% |
| Plant, machinery and equipment | 23 | €895 | €672 | -€224 | -25.0% |
| Furniture and vehicles | 24 | €4,062 | €4,741 | +€679 | +16.7% |
| Current assets | 29/58 | €168,681 | €84,124 | -€84,557 | -50.1% |
| Amounts receivable within one year | 40/41 | €47,730 | €5,898 | -€41,832 | -87.6% |
| Trade receivables | 40 | €46,811 | €1,113 | -€45,698 | -97.6% |
| Other amounts receivable | 41 | €919 | €4,784 | +€3,866 | +420.9% |
| Cash at bank and in hand | 54/58 | €119,481 | €77,837 | -€41,644 | -34.9% |
| Deferred charges and accrued income | 490/1 | €1,470 | €389 | -€1,081 | -73.5% |
| Total equity and liabilities | 10/49 | €173,638 | €89,536 | -€84,102 | -48.4% |
| Equity | 10/15 | €57,610 | €57,610 | = | 0.0% |
| Contributions | 10/11 | €51,250 | €51,250 | = | 0.0% |
| Reserves | 13 | €6,360 | €6,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,360 | €6,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,360 | €6,360 | = | 0.0% |
| Amounts payable | 17/49 | €116,028 | €31,926 | -€84,102 | -72.5% |
| Amounts payable within one year | 42/48 | €116,028 | €31,926 | -€84,102 | -72.5% |
| Trade debts | 44 | €2,821 | €911 | -€1,910 | -67.7% |
| Suppliers | 440/4 | €2,821 | €911 | -€1,910 | -67.7% |
| Taxes, remuneration and social security | 45 | €8,861 | - | -€8,861 | |
| Taxes | 450/3 | €5,912 | - | -€5,912 | |
| Remuneration and social security | 454/9 | €2,949 | - | -€2,949 | |
| Other amounts payable | 47/48 | €104,345 | €31,015 | -€73,331 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €486 | +€185 | +61.5% |
| Other operating charges | 640/8 | €1,169 | €1,446 | +€277 | +23.7% |
| Gross operating margin | 9900 | €110,406 | €35,092 | -€75,314 | -68.2% |
| Operating profit (loss) | 9901 | €108,936 | €33,160 | -€75,776 | -69.6% |
| Financial income | 75/76B | €396 | €620 | +€224 | +56.6% |
| Recurring financial income | 75 | €396 | €620 | +€224 | +56.6% |
| Financial charges | 65/66B | €189 | €185 | -€4 | -2.0% |
| Recurring financial charges | 65 | €189 | €185 | -€4 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €109,143 | €33,595 | -€75,548 | -69.2% |
| Income taxes | 67/77 | €24,293 | €8,309 | -€15,984 | -65.8% |
| Profit (loss) for the period | 9904 | €84,850 | €25,286 | -€59,564 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,850 | €25,286 | -€59,564 | -70.2% |
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 4 October 2026 via checked.be.