ARTSNBE: 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.
ARTSNBE
Largest movements
- Cash +€57,841
up €57,841 (+636.1%), from €9,093 to €66,934
mainly Net result for the year (+€51,007) and Other debts (+€31,985)
- Deferred charges and accrued income +€9,874
up €9,874 (+364.9%), from €2,706 to €12,580
- Tangible fixed assets +€5,628
up €5,628 (+88.8%), from €6,337 to €11,965
- Other debts +€31,985
up €31,985 (+517.0%), from €6,187 to €38,172
- Tax, wage and social debts +€23,192
up €23,192 (+1003.9%), from €2,310 to €25,502
of which Taxes: +€23,399
- Profit (loss) carried forward +€11,007
new in 2025: €11,007
- Trade debts +€8,851
up €8,851 (+424.0%), from €2,088 to €10,939
- Current portion of long-term debt -€1,210
no longer reported in 2025 (was €1,210)
- Gross operating margin +€64,115
up €64,115 (+439.6%), from €14,585 to €78,700
- Taxes +€18,296
up €18,296 (+4816.4%), from €380 to €18,676
- Staff costs -€2,758
down €2,758 (-63.9%), from €4,320 to €1,561
- Depreciation +€1,149
up €1,149 (+21.5%), from €5,347 to €6,495
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 | €22,539 | €95,668 | +€73,129 | +324.5% |
| Fixed assets | 21/28 | €6,462 | €12,390 | +€5,928 | +91.7% |
| Tangible fixed assets | 22/27 | €6,337 | €11,965 | +€5,628 | +88.8% |
| Furniture and vehicles | 24 | €6,337 | €11,965 | +€5,628 | +88.8% |
| Financial fixed assets | 28 | €125 | €425 | +€300 | +240.0% |
| Current assets | 29/58 | €16,077 | €83,278 | +€67,201 | +418.0% |
| Amounts receivable within one year | 40/41 | €4,277 | €3,764 | -€513 | -12.0% |
| Trade receivables | 40 | €3,157 | €3,764 | +€607 | +19.2% |
| Other amounts receivable | 41 | €1,120 | - | -€1,120 | |
| Cash at bank and in hand | 54/58 | €9,093 | €66,934 | +€57,841 | +636.1% |
| Deferred charges and accrued income | 490/1 | €2,706 | €12,580 | +€9,874 | +364.9% |
| Total equity and liabilities | 10/49 | €22,539 | €95,668 | +€73,129 | +324.5% |
| Equity | 10/15 | €10,048 | €21,055 | +€11,007 | +109.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,848 | €3,848 | = | 0.0% |
| Distributable reserves | 133 | €3,848 | €3,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €11,007 | +€11,007 | |
| Amounts payable | 17/49 | €12,490 | €74,613 | +€62,122 | +497.4% |
| Amounts payable within one year | 42/48 | €12,490 | €74,613 | +€62,122 | +497.4% |
| Current portion of amounts payable after more than one year | 42 | €1,210 | - | -€1,210 | |
| Financial debts | 43 | €696 | - | -€696 | |
| Credit institutions | 430/8 | €696 | - | -€696 | |
| Trade debts | 44 | €2,088 | €10,939 | +€8,851 | +424.0% |
| Suppliers | 440/4 | €2,088 | €10,939 | +€8,851 | +424.0% |
| Taxes, remuneration and social security | 45 | €2,310 | €25,502 | +€23,192 | +1003.9% |
| Taxes | 450/3 | €1,816 | €25,215 | +€23,399 | +1288.5% |
| Remuneration and social security | 454/9 | €494 | €287 | -€207 | -41.9% |
| Other amounts payable | 47/48 | €6,187 | €38,172 | +€31,985 | +517.0% |
| Remuneration, social security and pensions | 62 | €4,320 | €1,561 | -€2,758 | -63.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,347 | €6,495 | +€1,149 | +21.5% |
| Other operating charges | 640/8 | €387 | €493 | +€106 | +27.4% |
| Gross operating margin | 9900 | €14,585 | €78,700 | +€64,115 | +439.6% |
| Operating profit (loss) | 9901 | €4,532 | €70,150 | +€65,618 | +1448.0% |
| Financial income | 75/76B | €193 | €234 | +€40 | +20.8% |
| Recurring financial income | 75 | €193 | €234 | +€40 | +20.8% |
| Financial charges | 65/66B | €335 | €701 | +€366 | +109.3% |
| Recurring financial charges | 65 | €335 | €701 | +€366 | +109.3% |
| Profit (loss) for the period before taxes | 9903 | €4,390 | €69,683 | +€65,293 | +1487.2% |
| Income taxes | 67/77 | €380 | €18,676 | +€18,296 | +4816.4% |
| Profit (loss) for the period | 9904 | €4,010 | €51,007 | +€46,997 | +1171.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,010 | €51,007 | +€46,997 | +1171.9% |
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 5 October 2026 via checked.be.