ARTRUB: 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.
ARTRUB
Largest movements
- Cash +€26,972
up €26,972 (+40.9%), from €65,958 to €92,931
mainly Net result for the year (+€41,356) and Trade debts (+€25,486)
- Tangible fixed assets -€15,416
down €15,416 (-19.5%), from €78,975 to €63,559
of which Furniture and vehicles: -€10,902
- Receivables within one year +€3,761
up €3,761 (+250.7%), from €1,500 to €5,261
- Deferred charges and accrued income -€1,677
no longer reported in 2025 (was €1,677)
- Trade debts +€25,486
up €25,486 (+232.9%), from €10,943 to €36,429
- Other debts -€10,690
down €10,690 (-18.4%), from €57,998 to €47,308
- Gross operating margin -€12,093
down €12,093 (-14.7%), from €82,020 to €69,927
- Depreciation +€6,843
up €6,843 (+79.8%), from €8,573 to €15,416
- Taxes -€4,572
down €4,572 (-24.5%), from €18,676 to €14,105
- Financial income +€975
up €975 (+67.9%), from €1,435 to €2,410
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 | €148,110 | €161,750 | +€13,640 | +9.2% |
| Fixed assets | 21/28 | €78,975 | €63,559 | -€15,416 | -19.5% |
| Tangible fixed assets | 22/27 | €78,975 | €63,559 | -€15,416 | -19.5% |
| Land and buildings | 22 | €49,658 | €45,144 | -€4,514 | -9.1% |
| Furniture and vehicles | 24 | €29,317 | €18,415 | -€10,902 | -37.2% |
| Current assets | 29/58 | €69,135 | €98,191 | +€29,056 | +42.0% |
| Amounts receivable within one year | 40/41 | €1,500 | €5,261 | +€3,761 | +250.7% |
| Other amounts receivable | 41 | €1,500 | €5,261 | +€3,761 | +250.7% |
| Cash at bank and in hand | 54/58 | €65,958 | €92,931 | +€26,972 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,677 | - | -€1,677 | |
| Total equity and liabilities | 10/49 | €148,110 | €161,750 | +€13,640 | +9.2% |
| Equity | 10/15 | €68,026 | €68,026 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €49,476 | €49,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,450 | €4,450 | = | 0.0% |
| Distributable reserves | 133 | €43,171 | €43,171 | = | 0.0% |
| Amounts payable | 17/49 | €80,084 | €93,724 | +€13,640 | +17.0% |
| Amounts payable within one year | 42/48 | €80,084 | €93,724 | +€13,640 | +17.0% |
| Trade debts | 44 | €10,943 | €36,429 | +€25,486 | +232.9% |
| Suppliers | 440/4 | €10,943 | €36,429 | +€25,486 | +232.9% |
| Taxes, remuneration and social security | 45 | €11,143 | €9,987 | -€1,156 | -10.4% |
| Taxes | 450/3 | €11,143 | €9,987 | -€1,156 | -10.4% |
| Other amounts payable | 47/48 | €57,998 | €47,308 | -€10,690 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,573 | €15,416 | +€6,843 | +79.8% |
| Other operating charges | 640/8 | €1,127 | €1,160 | +€32 | +2.9% |
| Gross operating margin | 9900 | €82,020 | €69,927 | -€12,093 | -14.7% |
| Operating profit (loss) | 9901 | €72,319 | €53,352 | -€18,968 | -26.2% |
| Financial income | 75/76B | €1,435 | €2,410 | +€975 | +67.9% |
| Recurring financial income | 75 | €1,435 | €2,410 | +€975 | +67.9% |
| Financial charges | 65/66B | €82 | €301 | +€219 | +266.8% |
| Recurring financial charges | 65 | €82 | €301 | +€219 | +266.8% |
| Profit (loss) for the period before taxes | 9903 | €73,673 | €55,461 | -€18,212 | -24.7% |
| Income taxes | 67/77 | €18,676 | €14,105 | -€4,572 | -24.5% |
| Profit (loss) for the period | 9904 | €54,996 | €41,356 | -€13,640 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,996 | €41,356 | -€13,640 | -24.8% |
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 2 October 2026 via checked.be.