ARTUIN: 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.
ARTUIN
Largest movements
- Receivables within one year -€40,820
down €40,820 (-30.2%), from €134,950 to €94,130
of which Trade receivables: -€40,713
- Cash +€31,568
up €31,568 (+272%), from €11,624 to €43,192
mainly Receivables within one year (+€40,820) and Depreciation (+€23,947)
- Stocks and contracts +€23,705
up €23,705 (+485%), from €4,886 to €28,591
of which Contracts in progress: +€21,784
- Tangible fixed assets -€14,994
down €14,994 (-22.4%), from €66,940 to €51,946
- Deferred charges and accrued income +€8,176
up €8,176 (+369%), from €2,219 to €10,394
- Trade debts +€23,360
up €23,360 (+137%), from €17,076 to €40,436
- Profit (loss) carried forward -€22,767
new in 2025: -€22,767
- Tax, wage and social debts +€7,685
up €7,685 (+74.6%), from €10,303 to €17,987
- Gross operating margin -€48,116
down €48,116 (-32.2%), from €149,604 to €101,488
- Staff costs -€9,654
down €9,654 (-8.9%), from €109,057 to €99,403
- Depreciation -€5,301
down €5,301 (-18.1%), from €29,248 to €23,947
- Taxes -€2,529
down €2,529 (-100.0%), from €2,530 to €0
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 | €220,754 | €228,388 | +€7,635 | +3.5% |
| Fixed assets | 21/28 | €67,075 | €52,081 | -€14,994 | -22.4% |
| Tangible fixed assets | 22/27 | €66,940 | €51,946 | -€14,994 | -22.4% |
| Plant, machinery and equipment | 23 | €53,959 | €47,028 | -€6,930 | -12.8% |
| Furniture and vehicles | 24 | €7,921 | €1,371 | -€6,550 | -82.7% |
| Other tangible fixed assets | 26 | €5,061 | €3,547 | -€1,514 | -29.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €153,678 | €176,307 | +€22,629 | +14.7% |
| Stocks and contracts in progress | 3 | €4,886 | €28,591 | +€23,705 | +485% |
| Stocks | 30/36 | €4,886 | €6,807 | +€1,921 | +39.3% |
| Contracts in progress | 37 | - | €21,784 | +€21,784 | |
| Amounts receivable within one year | 40/41 | €134,950 | €94,130 | -€40,820 | -30.2% |
| Trade receivables | 40 | €70,997 | €30,285 | -€40,713 | -57.3% |
| Other amounts receivable | 41 | €63,953 | €63,845 | -€108 | -0.2% |
| Cash at bank and in hand | 54/58 | €11,624 | €43,192 | +€31,568 | +272% |
| Deferred charges and accrued income | 490/1 | €2,219 | €10,394 | +€8,176 | +369% |
| Total equity and liabilities | 10/49 | €220,754 | €228,388 | +€7,635 | +3.5% |
| Equity | 10/15 | €182,232 | €159,465 | -€22,767 | -12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176,032 | €176,032 | = | 0.0% |
| Distributable reserves | 133 | €176,032 | €176,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,767 | -€22,767 | |
| Amounts payable | 17/49 | €38,521 | €68,923 | +€30,402 | +78.9% |
| Amounts payable within one year | 42/48 | €38,521 | €68,923 | +€30,402 | +78.9% |
| Trade debts | 44 | €17,076 | €40,436 | +€23,360 | +137% |
| Suppliers | 440/4 | €17,076 | €40,436 | +€23,360 | +137% |
| Taxes, remuneration and social security | 45 | €10,303 | €17,987 | +€7,685 | +74.6% |
| Taxes | 450/3 | €10,303 | €17,987 | +€7,685 | +74.6% |
| Other amounts payable | 47/48 | €11,143 | €10,500 | -€643 | -5.8% |
| Remuneration, social security and pensions | 62 | €109,057 | €99,403 | -€9,654 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,248 | €23,947 | -€5,301 | -18.1% |
| Other operating charges | 640/8 | €776 | €790 | +€14 | +1.9% |
| Gross operating margin | 9900 | €149,604 | €101,488 | -€48,116 | -32.2% |
| Operating profit (loss) | 9901 | €10,523 | -€22,652 | -€33,175 | |
| Financial income | 75/76B | €1,467 | €718 | -€749 | -51.0% |
| Recurring financial income | 75 | €197 | €1 | -€196 | -99.5% |
| Non-recurring financial income | 76B | €1,270 | €718 | -€553 | -43.5% |
| Financial charges | 65/66B | €775 | €833 | +€58 | +7.5% |
| Recurring financial charges | 65 | €672 | €297 | -€375 | -55.7% |
| Non-recurring financial charges | 66B | €103 | €536 | +€433 | +420% |
| Profit (loss) for the period before taxes | 9903 | €11,215 | -€22,767 | -€33,981 | |
| Income taxes | 67/77 | €2,530 | €0 | -€2,529 | -100.0% |
| Profit (loss) for the period | 9904 | €8,685 | -€22,767 | -€31,452 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,685 | -€22,767 | -€31,452 |
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 15 October 2026 via checked.be.