ARTRON: 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.
ARTRON
Largest movements
- Current investments +€60,683
up €60,683 (+14.4%), from €420,242 to €480,924
- Tangible fixed assets +€17,156
up €17,156 (+100.0%), from €17,150 to €34,307
of which Furniture and vehicles: +€19,531
- Cash -€11,637
down €11,637 (-10.9%), from €107,000 to €95,364
mainly Current investments (-€60,683) and Investment in fixed assets (net) (-€31,250)
- Reserves +€44,585
up €44,585 (+10.3%), from €431,769 to €476,355
- Other debts +€16,347
up €16,347 (+16.0%), from €101,868 to €118,215
- Tax, wage and social debts +€9,581
up €9,581 (+146.4%), from €6,546 to €16,127
- Gross operating margin +€10,600
up €10,600 (+16.2%), from €65,442 to €76,042
- Taxes +€4,146
up €4,146 (+24.0%), from €17,265 to €21,411
- Depreciation +€2,850
up €2,850 (+25.4%), from €11,243 to €14,093
- Financial charges -€2,477
down €2,477 (-35.6%), from €6,959 to €4,482
- Other operating charges -€945
down €945 (-41.0%), from €2,304 to €1,359
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 | €563,032 | €631,108 | +€68,076 | +12.1% |
| Fixed assets | 21/28 | €17,150 | €34,307 | +€17,156 | +100.0% |
| Tangible fixed assets | 22/27 | €17,150 | €34,307 | +€17,156 | +100.0% |
| Land and buildings | 22 | €1,476 | €0 | -€1,476 | -100.0% |
| Plant, machinery and equipment | 23 | €2,562 | €4,877 | +€2,315 | +90.4% |
| Furniture and vehicles | 24 | €6,193 | €25,724 | +€19,531 | +315.4% |
| Other tangible fixed assets | 26 | €6,919 | €3,706 | -€3,214 | -46.4% |
| Current assets | 29/58 | €545,882 | €596,802 | +€50,920 | +9.3% |
| Amounts receivable within one year | 40/41 | €18,047 | €20,056 | +€2,009 | +11.1% |
| Trade receivables | 40 | €18,047 | €20,056 | +€2,009 | +11.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €420,242 | €480,924 | +€60,683 | +14.4% |
| Cash at bank and in hand | 54/58 | €107,000 | €95,364 | -€11,637 | -10.9% |
| Deferred charges and accrued income | 490/1 | €593 | €458 | -€135 | -22.8% |
| Total equity and liabilities | 10/49 | €563,032 | €631,108 | +€68,076 | +12.1% |
| Equity | 10/15 | €450,361 | €494,947 | +€44,585 | +9.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €431,769 | €476,355 | +€44,585 | +10.3% |
| Distributable reserves | 133 | €431,769 | €476,355 | +€44,585 | +10.3% |
| Amounts payable | 17/49 | €112,671 | €136,162 | +€23,491 | +20.8% |
| Amounts payable within one year | 42/48 | €112,671 | €136,162 | +€23,491 | +20.8% |
| Trade debts | 44 | €4,257 | €1,820 | -€2,437 | -57.3% |
| Suppliers | 440/4 | €4,257 | €1,820 | -€2,437 | -57.3% |
| Taxes, remuneration and social security | 45 | €6,546 | €16,127 | +€9,581 | +146.4% |
| Taxes | 450/3 | €6,546 | €16,127 | +€9,581 | +146.4% |
| Other amounts payable | 47/48 | €101,868 | €118,215 | +€16,347 | +16.0% |
| Non-recurring operating income | 76A | - | €9,050 | +€9,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,243 | €14,093 | +€2,850 | +25.4% |
| Other operating charges | 640/8 | €2,304 | €1,359 | -€945 | -41.0% |
| Non-recurring operating charges | 66A | - | €1,400 | +€1,400 | |
| Gross operating margin | 9900 | €65,442 | €76,042 | +€10,600 | +16.2% |
| Operating profit (loss) | 9901 | €51,896 | €59,190 | +€7,294 | +14.1% |
| Financial income | 75/76B | €11,226 | €11,289 | +€63 | +0.6% |
| Recurring financial income | 75 | €11,226 | €11,289 | +€63 | +0.6% |
| Financial charges | 65/66B | €6,959 | €4,482 | -€2,477 | -35.6% |
| Recurring financial charges | 65 | €6,959 | €4,482 | -€2,477 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €56,162 | €65,997 | +€9,835 | +17.5% |
| Income taxes | 67/77 | €17,265 | €21,411 | +€4,146 | +24.0% |
| Profit (loss) for the period | 9904 | €38,897 | €44,585 | +€5,688 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,897 | €44,585 | +€5,688 | +14.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.