ARTUFACT: what changed
Two financial 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.
ARTUFACT
Largest movements
- Cash +€30,077
up €30,077 (+40.1%), from €74,918 to €104,995
mainly Net result for the year (+€47,287) and Depreciation (+€15,023)
- Receivables within one year +€16,095
up €16,095 (+118%), from €13,613 to €29,709
- Tangible fixed assets -€15,023
down €15,023 (-29.4%), from €51,038 to €36,015
of which Furniture and vehicles: -€14,043
- Profit (loss) carried forward +€47,287
up €47,287 (+95.1%), from €49,739 to €97,026
- Debts after one year -€8,609
no longer reported in 2025 (was €8,609)
- Tax, wage and social debts -€7,567
down €7,567 (-36.1%), from €20,962 to €13,395
- Depreciation +€2,757
up €2,757 (+22.5%), from €12,266 to €15,023
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.
Derived cash bridge
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 | €140,086 | €170,719 | +€30,633 | +21.9% |
| Fixed assets | 21/28 | €51,038 | €36,015 | -€15,023 | -29.4% |
| Tangible fixed assets | 22/27 | €51,038 | €36,015 | -€15,023 | -29.4% |
| Plant, machinery and equipment | 23 | €1,309 | €878 | -€431 | -33.0% |
| Furniture and vehicles | 24 | €46,970 | €32,927 | -€14,043 | -29.9% |
| Other tangible fixed assets | 26 | €2,759 | €2,211 | -€549 | -19.9% |
| Current assets | 29/58 | €89,048 | €134,704 | +€45,656 | +51.3% |
| Amounts receivable within one year | 40/41 | €13,613 | €29,709 | +€16,095 | +118% |
| Trade receivables | 40 | €13,613 | €29,709 | +€16,095 | +118% |
| Cash at bank and in hand | 54/58 | €74,918 | €104,995 | +€30,077 | +40.1% |
| Deferred charges and accrued income | 490/1 | €516 | - | -€516 | |
| Total equity and liabilities | 10/49 | €140,086 | €170,719 | +€30,633 | +21.9% |
| Equity | 10/15 | €91,533 | €138,820 | +€47,287 | +51.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,794 | €38,794 | = | 0.0% |
| Distributable reserves | 133 | €38,794 | €38,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,739 | €97,026 | +€47,287 | +95.1% |
| Amounts payable | 17/49 | €48,553 | €31,899 | -€16,654 | -34.3% |
| Amounts payable after more than one year | 17 | €8,609 | - | -€8,609 | |
| Financial debts | 170/4 | €8,609 | - | -€8,609 | |
| Amounts payable within one year | 42/48 | €39,275 | €31,256 | -€8,019 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €8,980 | €8,609 | -€371 | -4.1% |
| Trade debts | 44 | €379 | €39 | -€340 | -89.8% |
| Suppliers | 440/4 | €379 | €39 | -€340 | -89.8% |
| Taxes, remuneration and social security | 45 | €20,962 | €13,395 | -€7,567 | -36.1% |
| Taxes | 450/3 | €20,962 | €13,395 | -€7,567 | -36.1% |
| Other amounts payable | 47/48 | €8,954 | €9,213 | +€259 | +2.9% |
| Accrued charges and deferred income | 492/3 | €669 | €643 | -€26 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,266 | €15,023 | +€2,757 | +22.5% |
| Other operating charges | 640/8 | €118 | €630 | +€512 | +434% |
| Gross operating margin | 9900 | €77,466 | €77,607 | +€141 | +0.2% |
| Operating profit (loss) | 9901 | €65,082 | €61,954 | -€3,128 | -4.8% |
| Financial charges | 65/66B | €1,850 | €1,412 | -€438 | -23.7% |
| Recurring financial charges | 65 | €1,850 | €1,412 | -€438 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €63,232 | €60,542 | -€2,690 | -4.3% |
| Income taxes | 67/77 | €13,494 | €13,255 | -€239 | -1.8% |
| Profit (loss) for the period | 9904 | €49,739 | €47,287 | -€2,452 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,739 | €47,287 | -€2,452 | -4.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.