ARTSON: 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.
ARTSON
Largest movements
- Cash +€37,953
up €37,953 (+704.0%), from €5,391 to €43,344
mainly Net result for the year (+€19,704) and Depreciation (+€17,509)
- Tangible fixed assets -€17,336
down €17,336 (-29.7%), from €58,406 to €41,070
of which Furniture and vehicles: -€17,229
- Receivables within one year -€12,798
down €12,798 (-47.3%), from €27,063 to €14,265
of which Trade receivables: -€12,626
- Profit (loss) carried forward +€19,704
up €19,704 (+18.1%), from -€108,855 to -€89,151
- Other debts -€12,573
down €12,573 (-11.4%), from €110,299 to €97,726
- Tax, wage and social debts +€2,712
new in 2025: €2,712
- Trade debts -€1,933
down €1,933 (-44.9%), from €4,305 to €2,372
- Gross operating margin -€20,560
down €20,560 (-33.3%), from €61,788 to €41,228
- Depreciation +€5,004
up €5,004 (+40.0%), from €12,505 to €17,509
- Taxes +€2,712
new in 2025: €2,712
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 | €99,543 | €107,419 | +€7,876 | +7.9% |
| Fixed assets | 21/28 | €61,185 | €43,849 | -€17,336 | -28.3% |
| Tangible fixed assets | 22/27 | €58,406 | €41,070 | -€17,336 | -29.7% |
| Plant, machinery and equipment | 23 | €352 | €245 | -€107 | -30.4% |
| Furniture and vehicles | 24 | €58,054 | €40,825 | -€17,229 | -29.7% |
| Financial fixed assets | 28 | €2,779 | €2,779 | = | 0.0% |
| Current assets | 29/58 | €38,358 | €63,570 | +€25,212 | +65.7% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,063 | €14,265 | -€12,798 | -47.3% |
| Trade receivables | 40 | €26,169 | €13,543 | -€12,626 | -48.2% |
| Other amounts receivable | 41 | €894 | €722 | -€172 | -19.2% |
| Cash at bank and in hand | 54/58 | €5,391 | €43,344 | +€37,953 | +704.0% |
| Deferred charges and accrued income | 490/1 | €904 | €961 | +€57 | +6.3% |
| Total equity and liabilities | 10/49 | €99,543 | €107,419 | +€7,876 | +7.9% |
| Equity | 10/15 | -€15,545 | €4,159 | +€19,704 | |
| Contributions | 10/11 | €62,970 | €62,970 | = | 0.0% |
| Capital | 10 | - | €62,970 | +€62,970 | |
| Issued capital | 100 | - | €62,970 | +€62,970 | |
| Reserves | 13 | €30,340 | €30,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,112 | €2,112 | = | 0.0% |
| Legal reserve | 130 | - | €2,112 | +€2,112 | |
| Reserves not available under the articles | 1311 | €2,112 | - | -€2,112 | |
| Tax-exempt reserves | 132 | €791 | €791 | = | 0.0% |
| Distributable reserves | 133 | €27,437 | €27,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,855 | -€89,151 | +€19,704 | +18.1% |
| Amounts payable | 17/49 | €115,088 | €103,260 | -€11,828 | -10.3% |
| Amounts payable within one year | 42/48 | €114,604 | €102,810 | -€11,794 | -10.3% |
| Trade debts | 44 | €4,305 | €2,372 | -€1,933 | -44.9% |
| Suppliers | 440/4 | €4,305 | €2,372 | -€1,933 | -44.9% |
| Taxes, remuneration and social security | 45 | - | €2,712 | +€2,712 | |
| Taxes | 450/3 | - | €2,712 | +€2,712 | |
| Other amounts payable | 47/48 | €110,299 | €97,726 | -€12,573 | -11.4% |
| Accrued charges and deferred income | 492/3 | €484 | €450 | -€34 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,505 | €17,509 | +€5,004 | +40.0% |
| Other operating charges | 640/8 | €1,217 | €1,150 | -€67 | -5.5% |
| Gross operating margin | 9900 | €61,788 | €41,228 | -€20,560 | -33.3% |
| Operating profit (loss) | 9901 | €48,066 | €22,569 | -€25,497 | -53.0% |
| Financial charges | 65/66B | €349 | €153 | -€196 | -56.2% |
| Recurring financial charges | 65 | €349 | €153 | -€196 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €47,717 | €22,416 | -€25,301 | -53.0% |
| Income taxes | 67/77 | - | €2,712 | +€2,712 | |
| Profit (loss) for the period | 9904 | €47,717 | €19,704 | -€28,013 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,717 | €19,704 | -€28,013 | -58.7% |
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 29 September 2026 via checked.be.