ARTTECH: 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.
ARTTECH
Largest movements
- Cash -€21,055
down €21,055 (-60.0%), from €35,063 to €14,008
mainly Debts after one year (-€59,253) and Investment in fixed assets (net) (-€38,370)
- Debts after one year -€59,253
down €59,253 (-13.5%), from €437,990 to €378,737
- Accrued charges and deferred income -€18,942
down €18,942 (-100.0%), from €18,942 to €0
- Other debts +€16,838
up €16,838 (+18.9%), from €89,316 to €106,154
- Tax, wage and social debts +€15,087
up €15,087 (+91.9%), from €16,425 to €31,512
of which Remuneration and social security: +€8,723
- Provisions +€12,000
new in 2025: €12,000
- Financial charges -€39,730
down €39,730, from €27,367 to -€12,363
- Staff costs +€23,862
up €23,862 (+25.4%), from €93,887 to €117,749
- Provisions +€12,000
new in 2025: €12,000
- Depreciation +€7,227
up €7,227 (+24.3%), from €29,796 to €37,023
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 | €634,506 | €610,034 | -€24,472 | -3.9% |
| Fixed assets | 21/28 | €574,884 | €576,231 | +€1,347 | +0.2% |
| Tangible fixed assets | 22/27 | €574,884 | €576,231 | +€1,347 | +0.2% |
| Land and buildings | 22 | €466,626 | €478,655 | +€12,029 | +2.6% |
| Plant, machinery and equipment | 23 | €9,659 | €8,232 | -€1,426 | -14.8% |
| Furniture and vehicles | 24 | €14,056 | €9,364 | -€4,692 | -33.4% |
| Other tangible fixed assets | 26 | €84,544 | €79,981 | -€4,563 | -5.4% |
| Current assets | 29/58 | €59,622 | €33,803 | -€25,819 | -43.3% |
| Stocks and contracts in progress | 3 | €19,242 | €17,028 | -€2,214 | -11.5% |
| Stocks | 30/36 | €19,242 | €17,028 | -€2,214 | -11.5% |
| Amounts receivable within one year | 40/41 | €3,920 | €114 | -€3,806 | -97.1% |
| Trade receivables | 40 | €3,920 | €114 | -€3,806 | -97.1% |
| Cash at bank and in hand | 54/58 | €35,063 | €14,008 | -€21,055 | -60.0% |
| Deferred charges and accrued income | 490/1 | €1,396 | €2,653 | +€1,256 | +90.0% |
| Total equity and liabilities | 10/49 | €634,506 | €610,034 | -€24,472 | -3.9% |
| Equity | 10/15 | €11,362 | €21,219 | +€9,856 | +86.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,912 | €14,769 | +€9,856 | +200.6% |
| Provisions and deferred taxes | 16 | - | €12,000 | +€12,000 | |
| Provisions for liabilities and charges | 160/5 | - | €12,000 | +€12,000 | |
| Other liabilities and charges | 164/5 | - | €12,000 | +€12,000 | |
| Amounts payable | 17/49 | €623,143 | €576,815 | -€46,328 | -7.4% |
| Amounts payable after more than one year | 17 | €437,990 | €378,737 | -€59,253 | -13.5% |
| Financial debts | 170/4 | €437,990 | €378,737 | -€59,253 | -13.5% |
| Amounts payable within one year | 42/48 | €166,212 | €198,079 | +€31,867 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €57,327 | €59,253 | +€1,926 | +3.4% |
| Financial debts | 43 | €3,144 | €0 | -€3,144 | -100.0% |
| Credit institutions | 430/8 | €3,144 | €0 | -€3,144 | -100.0% |
| Trade debts | 44 | €0 | €1,160 | +€1,160 | |
| Suppliers | 440/4 | €0 | €1,160 | +€1,160 | |
| Taxes, remuneration and social security | 45 | €16,425 | €31,512 | +€15,087 | +91.9% |
| Taxes | 450/3 | €6,185 | €12,549 | +€6,364 | +102.9% |
| Remuneration and social security | 454/9 | €10,240 | €18,963 | +€8,723 | +85.2% |
| Other amounts payable | 47/48 | €89,316 | €106,154 | +€16,838 | +18.9% |
| Accrued charges and deferred income | 492/3 | €18,942 | €0 | -€18,942 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €93,887 | €117,749 | +€23,862 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,796 | €37,023 | +€7,227 | +24.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €12,000 | +€12,000 | |
| Other operating charges | 640/8 | €6,912 | €7,186 | +€274 | +4.0% |
| Gross operating margin | 9900 | €175,299 | €176,247 | +€948 | +0.5% |
| Operating profit (loss) | 9901 | €44,705 | €2,290 | -€42,415 | -94.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €27,367 | -€12,363 | -€39,730 | |
| Recurring financial charges | 65 | €27,367 | -€12,363 | -€39,730 | |
| Profit (loss) for the period before taxes | 9903 | €17,338 | €14,653 | -€2,685 | -15.5% |
| Income taxes | 67/77 | €5,003 | €4,797 | -€206 | -4.1% |
| Profit (loss) for the period | 9904 | €12,336 | €9,856 | -€2,479 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,336 | €9,856 | -€2,479 | -20.1% |
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 6 October 2026 via checked.be.