ARTTISCOBA: what changed
ARTTISCOBA
Largest movements
- Cash +€61,270
up €61,270 (+115%), from €53,236 to €114,507
mainly Depreciation (+€92,378) and Net result for the year (+€52,800)
- Tangible fixed assets -€39,210
down €39,210 (-6.5%), from €598,997 to €559,787
of which Plant, machinery and equipment: -€45,043
- Receivables within one year +€8,105
up €8,105 (+24.5%), from €33,092 to €41,198
of which Trade receivables: +€18,680
- Debts after one year -€35,223
down €35,223 (-10.5%), from €334,953 to €299,730
- Reserves +€29,000
up €29,000 (+12.6%), from €229,860 to €258,860
- Other debts +€15,209
new in 2025: €15,209
- Tax, wage and social debts +€12,105
up €12,105 (+3,783%), from €320 to €12,425
of which Taxes: +€12,425
- Gross operating margin +€82,771
up €82,771 (+79.3%), from €104,440 to €187,211
- Taxes +€18,221
up €18,221 (+6,140%), from €297 to €18,518
- Depreciation +€5,164
up €5,164 (+5.9%), from €87,214 to €92,378
- Financial charges +€2,567
up €2,567 (+15.8%), from €16,283 to €18,850
- Other operating charges -€2,301
down €2,301 (-32.5%), from €7,088 to €4,787
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €735,425 | €765,208 | +€29,782 | +4.0% |
| Fixed assets | 21/28 | €598,997 | €559,787 | -€39,210 | -6.5% |
| Tangible fixed assets | 22/27 | €598,997 | €559,787 | -€39,210 | -6.5% |
| Land and buildings | 22 | €338,425 | €308,897 | -€29,528 | -8.7% |
| Plant, machinery and equipment | 23 | €191,592 | €146,549 | -€45,043 | -23.5% |
| Furniture and vehicles | 24 | €68,980 | €104,341 | +€35,361 | +51.3% |
| Current assets | 29/58 | €136,428 | €205,421 | +€68,993 | +50.6% |
| Stocks and contracts in progress | 3 | €33,846 | €34,733 | +€888 | +2.6% |
| Stocks | 30/36 | €33,846 | €34,733 | +€888 | +2.6% |
| Amounts receivable within one year | 40/41 | €33,092 | €41,198 | +€8,105 | +24.5% |
| Trade receivables | 40 | €22,301 | €40,981 | +€18,680 | +83.8% |
| Other amounts receivable | 41 | €10,792 | €216 | -€10,575 | -98.0% |
| Cash at bank and in hand | 54/58 | €53,236 | €114,507 | +€61,270 | +115% |
| Deferred charges and accrued income | 490/1 | €16,254 | €14,984 | -€1,270 | -7.8% |
| Total equity and liabilities | 10/49 | €735,425 | €765,208 | +€29,782 | +4.0% |
| Equity | 10/15 | €337,768 | €367,568 | +€29,800 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €229,860 | €258,860 | +€29,000 | +12.6% |
| Distributable reserves | 133 | €229,860 | €258,860 | +€29,000 | +12.6% |
| Profit (loss) carried forward | 14 | €89,308 | €90,108 | +€800 | +0.9% |
| Amounts payable | 17/49 | €397,658 | €397,640 | -€18 | 0.0% |
| Amounts payable after more than one year | 17 | €334,953 | €299,730 | -€35,223 | -10.5% |
| Financial debts | 170/4 | €334,953 | €299,730 | -€35,223 | -10.5% |
| Amounts payable within one year | 42/48 | €62,174 | €96,917 | +€34,743 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €60,790 | €64,760 | +€3,970 | +6.5% |
| Trade debts | 44 | €1,065 | €4,524 | +€3,459 | +325% |
| Suppliers | 440/4 | €1,065 | €4,524 | +€3,459 | +325% |
| Taxes, remuneration and social security | 45 | €320 | €12,425 | +€12,105 | +3,783% |
| Taxes | 450/3 | - | €12,425 | +€12,425 | |
| Remuneration and social security | 454/9 | €320 | - | -€320 | |
| Other amounts payable | 47/48 | - | €15,209 | +€15,209 | |
| Accrued charges and deferred income | 492/3 | €531 | €992 | +€462 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,214 | €92,378 | +€5,164 | +5.9% |
| Other operating charges | 640/8 | €7,088 | €4,787 | -€2,301 | -32.5% |
| Gross operating margin | 9900 | €104,440 | €187,211 | +€82,771 | +79.3% |
| Operating profit (loss) | 9901 | €10,138 | €90,046 | +€79,908 | +788% |
| Financial income | 75/76B | €438 | €122 | -€316 | -72.1% |
| Recurring financial income | 75 | €438 | €122 | -€316 | -72.1% |
| Financial charges | 65/66B | €16,283 | €18,850 | +€2,567 | +15.8% |
| Recurring financial charges | 65 | €16,283 | €18,850 | +€2,567 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,708 | €71,318 | +€77,026 | |
| Income taxes | 67/77 | €297 | €18,518 | +€18,221 | +6,140% |
| Profit (loss) for the period | 9904 | -€6,005 | €52,800 | +€58,805 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,005 | €52,800 | +€58,805 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.