ARTSTECHS: 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.
ARTSTECHS
Largest movements
- Cash +€59,389
up €59,389 (+12.4%), from €479,915 to €539,304
mainly Depreciation (+€196,431) and Net result for the year (+€80,242)
- Receivables within one year -€38,349
down €38,349 (-16.2%), from €236,353 to €198,003
of which Trade receivables: -€40,571
- Profit (loss) carried forward +€40,393
up €40,393 (+13.0%), from €310,400 to €350,793
- Debts after one year -€33,623
down €33,623 (-69.9%), from €48,130 to €14,506
- Trade debts -€31,067
down €31,067 (-15.2%), from €204,979 to €173,912
- Reserves +€30,000
up €30,000 (+21.3%), from €140,680 to €170,680
of which Tax-exempt reserves: +€30,000
- Current portion of long-term debt -€25,077
down €25,077 (-41.2%), from €60,840 to €35,764
- Turnover -€74,930
down €74,930 (-4.9%), from €1.5m to €1.4m
- Purchases and services -€71,765
down €71,765 (-6.5%), from €1.1m to €1.0m
- Provisions -€60,000
no longer reported in 2025 (was €60,000)
- Staff costs +€27,915
up €27,915 (+39.2%), from €71,153 to €99,068
- Taxes +€19,744
up €19,744 (+301.4%), from €6,551 to €26,295
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 | €1,151,168 | €1,165,642 | +€14,474 | +1.3% |
| Formation expenses | 20 | €2,513 | €1,651 | -€862 | -34.3% |
| Fixed assets | 21/28 | €432,387 | €426,684 | -€5,704 | -1.3% |
| Tangible fixed assets | 22/27 | €432,387 | €426,684 | -€5,704 | -1.3% |
| Plant, machinery and equipment | 23 | €414,990 | €416,307 | +€1,317 | +0.3% |
| Furniture and vehicles | 24 | €17,398 | €10,377 | -€7,021 | -40.4% |
| Current assets | 29/58 | €716,268 | €737,307 | +€21,039 | +2.9% |
| Amounts receivable within one year | 40/41 | €236,353 | €198,003 | -€38,349 | -16.2% |
| Trade receivables | 40 | €233,588 | €193,017 | -€40,571 | -17.4% |
| Other amounts receivable | 41 | €2,765 | €4,986 | +€2,221 | +80.3% |
| Cash at bank and in hand | 54/58 | €479,915 | €539,304 | +€59,389 | +12.4% |
| Total equity and liabilities | 10/49 | €1,151,168 | €1,165,642 | +€14,474 | +1.3% |
| Equity | 10/15 | €512,580 | €582,973 | +€70,393 | +13.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €140,680 | €170,680 | +€30,000 | +21.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €134,530 | €164,530 | +€30,000 | +22.3% |
| Profit (loss) carried forward | 14 | €310,400 | €350,793 | +€40,393 | +13.0% |
| Provisions and deferred taxes | 16 | €120,000 | €120,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €120,000 | €120,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable | 17/49 | €518,588 | €462,669 | -€55,919 | -10.8% |
| Amounts payable after more than one year | 17 | €48,130 | €14,506 | -€33,623 | -69.9% |
| Financial debts | 170/4 | €48,130 | €14,506 | -€33,623 | -69.9% |
| Amounts payable within one year | 42/48 | €470,458 | €448,163 | -€22,296 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €60,840 | €35,764 | -€25,077 | -41.2% |
| Trade debts | 44 | €204,979 | €173,912 | -€31,067 | -15.2% |
| Suppliers | 440/4 | €204,979 | €173,912 | -€31,067 | -15.2% |
| Taxes, remuneration and social security | 45 | €16,854 | €30,428 | +€13,574 | +80.5% |
| Taxes | 450/3 | €10,011 | €15,321 | +€5,310 | +53.0% |
| Remuneration and social security | 454/9 | €6,843 | €15,107 | +€8,265 | +120.8% |
| Other amounts payable | 47/48 | €187,785 | €208,059 | +€20,274 | +10.8% |
| Turnover | 70 | €1,516,017 | €1,441,088 | -€74,930 | -4.9% |
| Non-recurring operating income | 76A | €5,128 | €60 | -€5,068 | -98.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,096,475 | €1,024,710 | -€71,765 | -6.5% |
| Remuneration, social security and pensions | 62 | €71,153 | €99,068 | +€27,915 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,262 | €196,431 | -€4,831 | -2.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €60,000 | - | -€60,000 | |
| Other operating charges | 640/8 | €1,576 | €1,407 | -€168 | -10.7% |
| Gross operating margin | 9900 | €424,670 | €416,438 | -€8,233 | -1.9% |
| Operating profit (loss) | 9901 | €90,680 | €119,532 | +€28,852 | +31.8% |
| Financial income | 75/76B | €739 | €4,477 | +€3,738 | +505.6% |
| Recurring financial income | 75 | €739 | €4,477 | +€3,738 | +505.6% |
| Financial charges | 65/66B | €16,303 | €17,472 | +€1,169 | +7.2% |
| Recurring financial charges | 65 | €16,303 | €17,472 | +€1,169 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €75,116 | €106,537 | +€31,421 | +41.8% |
| Income taxes | 67/77 | €6,551 | €26,295 | +€19,744 | +301.4% |
| Profit (loss) for the period | 9904 | €68,566 | €80,242 | +€11,676 | +17.0% |
| Transfer to tax-exempt reserves | 689 | €20,000 | - | -€20,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,566 | €80,242 | +€31,676 | +65.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.