arTTim: 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.
arTTim
Largest movements
- Current investments -€215,522
down €215,522 (-91.5%), from €235,522 to €20,000
- Tangible fixed assets -€35,464
down €35,464 (-5.7%), from €620,021 to €584,557
of which Land and buildings: -€29,663
- Receivables within one year +€34,089
up €34,089 (+171.4%), from €19,884 to €53,973
of which Other amounts receivable: +€32,436
- Receivables after one year -€34,000
down €34,000 (-100.0%), from €34,000 to €0
- Cash +€23,282
up €23,282 (+30.8%), from €75,605 to €98,886
mainly Current investments (+€215,522) and Net result for the year (+€53,115)
- Other debts -€250,465
down €250,465 (-100.0%), from €250,465 to €0
- Profit (loss) carried forward +€53,115
up €53,115 (+21.1%), from €252,205 to €305,320
- Debts after one year -€41,210
down €41,210 (-12.3%), from €334,633 to €293,423
- Financial income +€29,722
up €29,722 (+743.8%), from €3,996 to €33,718
- Gross operating margin +€10,190
up €10,190 (+14.5%), from €70,072 to €80,262
- Other operating charges -€5,860
down €5,860 (-79.7%), from €7,354 to €1,493
- Taxes +€5,722
up €5,722 (+147.5%), from €3,878 to €9,600
- Financial charges -€907
down €907 (-6.0%), from €15,215 to €14,307
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 | €986,800 | €758,625 | -€228,175 | -23.1% |
| Fixed assets | 21/28 | €620,021 | €584,557 | -€35,464 | -5.7% |
| Tangible fixed assets | 22/27 | €620,021 | €584,557 | -€35,464 | -5.7% |
| Land and buildings | 22 | €612,143 | €582,480 | -€29,663 | -4.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,877 | €2,076 | -€5,801 | -73.6% |
| Current assets | 29/58 | €366,779 | €174,068 | -€192,711 | -52.5% |
| Amounts receivable after more than one year | 29 | €34,000 | €0 | -€34,000 | -100.0% |
| Other amounts receivable | 291 | €34,000 | €0 | -€34,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €19,884 | €53,973 | +€34,089 | +171.4% |
| Trade receivables | 40 | €16,277 | €17,930 | +€1,653 | +10.2% |
| Other amounts receivable | 41 | €3,607 | €36,043 | +€32,436 | +899.3% |
| Current investments | 50/53 | €235,522 | €20,000 | -€215,522 | -91.5% |
| Cash at bank and in hand | 54/58 | €75,605 | €98,886 | +€23,282 | +30.8% |
| Deferred charges and accrued income | 490/1 | €1,768 | €1,209 | -€559 | -31.6% |
| Total equity and liabilities | 10/49 | €986,800 | €758,625 | -€228,175 | -23.1% |
| Equity | 10/15 | €347,389 | €400,503 | +€53,115 | +15.3% |
| Contributions | 10/11 | €7,796 | €7,796 | = | 0.0% |
| Reserves | 13 | €87,388 | €87,388 | = | 0.0% |
| Distributable reserves | 133 | €87,388 | €87,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,205 | €305,320 | +€53,115 | +21.1% |
| Amounts payable | 17/49 | €639,411 | €358,121 | -€281,290 | -44.0% |
| Amounts payable after more than one year | 17 | €334,633 | €293,423 | -€41,210 | -12.3% |
| Financial debts | 170/4 | €334,633 | €293,423 | -€41,210 | -12.3% |
| Amounts payable within one year | 42/48 | €302,933 | €53,266 | -€249,667 | -82.4% |
| Current portion of amounts payable after more than one year | 42 | €41,470 | €41,210 | -€260 | -0.6% |
| Trade debts | 44 | €4,814 | €3,237 | -€1,577 | -32.8% |
| Suppliers | 440/4 | €4,814 | €3,237 | -€1,577 | -32.8% |
| Taxes, remuneration and social security | 45 | €6,184 | €8,820 | +€2,635 | +42.6% |
| Taxes | 450/3 | €6,184 | €8,820 | +€2,635 | +42.6% |
| Other amounts payable | 47/48 | €250,465 | €0 | -€250,465 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,845 | €11,432 | +€9,587 | +519.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,995 | €35,464 | -€531 | -1.5% |
| Other operating charges | 640/8 | €7,354 | €1,493 | -€5,860 | -79.7% |
| Gross operating margin | 9900 | €70,072 | €80,262 | +€10,190 | +14.5% |
| Operating profit (loss) | 9901 | €26,723 | €43,304 | +€16,581 | +62.0% |
| Financial income | 75/76B | €3,996 | €33,718 | +€29,722 | +743.8% |
| Recurring financial income | 75 | €3,996 | €33,718 | +€29,722 | +743.8% |
| Financial charges | 65/66B | €15,215 | €14,307 | -€907 | -6.0% |
| Recurring financial charges | 65 | €15,215 | €14,307 | -€907 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €15,505 | €62,715 | +€47,210 | +304.5% |
| Income taxes | 67/77 | €3,878 | €9,600 | +€5,722 | +147.5% |
| Profit (loss) for the period | 9904 | €11,627 | €53,115 | +€41,488 | +356.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,627 | €53,115 | +€41,488 | +356.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.