Artum: 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.
Artum
Largest movements
- Current investments -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Cash +€40,199
up €40,199 (+80.7%), from €49,830 to €90,028
mainly Other debts (+€120,000) and Net result for the year (+€71,051)
- Tangible fixed assets -€19,742
down €19,742 (-30.2%), from €65,438 to €45,696
- Receivables within one year +€4,648
up €4,648 (+28.1%), from €16,527 to €21,175
of which Trade receivables: +€7,260
- Reserves -€168,949
down €168,949 (-95.6%), from €176,675 to €7,726
- Other debts +€120,000
up €120,000 (+41806.0%), from €287 to €120,287
- Tax, wage and social debts +€13,891
up €13,891 (+110.2%), from €12,601 to €26,492
of which Taxes: +€13,891
- Gross operating margin +€49,846
up €49,846 (+80.3%), from €62,040 to €111,886
- Taxes +€10,361
up €10,361 (+106.7%), from €9,707 to €20,068
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 | €192,602 | €157,542 | -€35,060 | -18.2% |
| Fixed assets | 21/28 | €65,438 | €45,696 | -€19,742 | -30.2% |
| Tangible fixed assets | 22/27 | €65,438 | €45,696 | -€19,742 | -30.2% |
| Furniture and vehicles | 24 | €65,438 | €45,696 | -€19,742 | -30.2% |
| Current assets | 29/58 | €127,164 | €111,845 | -€15,319 | -12.0% |
| Amounts receivable within one year | 40/41 | €16,527 | €21,175 | +€4,648 | +28.1% |
| Trade receivables | 40 | €13,915 | €21,175 | +€7,260 | +52.2% |
| Other amounts receivable | 41 | €2,612 | €0 | -€2,612 | -100.0% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €49,830 | €90,028 | +€40,199 | +80.7% |
| Deferred charges and accrued income | 490/1 | €807 | €642 | -€165 | -20.5% |
| Total equity and liabilities | 10/49 | €192,602 | €157,542 | -€35,060 | -18.2% |
| Equity | 10/15 | €179,675 | €10,726 | -€168,949 | -94.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €176,675 | €7,726 | -€168,949 | -95.6% |
| Distributable reserves | 133 | €176,675 | €7,726 | -€168,949 | -95.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,927 | €146,816 | +€133,889 | +1035.7% |
| Amounts payable within one year | 42/48 | €12,927 | €146,816 | +€133,889 | +1035.7% |
| Trade debts | 44 | €39 | €37 | -€2 | -5.9% |
| Suppliers | 440/4 | €39 | €37 | -€2 | -5.9% |
| Taxes, remuneration and social security | 45 | €12,601 | €26,492 | +€13,891 | +110.2% |
| Taxes | 450/3 | €9,601 | €23,492 | +€13,891 | +144.7% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €287 | €120,287 | +€120,000 | +41806.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,725 | €19,742 | +€16 | +0.1% |
| Other operating charges | 640/8 | €986 | €1,091 | +€105 | +10.7% |
| Gross operating margin | 9900 | €62,040 | €111,886 | +€49,846 | +80.3% |
| Operating profit (loss) | 9901 | €41,329 | €91,053 | +€49,724 | +120.3% |
| Financial income | 75/76B | €1,065 | €515 | -€550 | -51.6% |
| Recurring financial income | 75 | €1,065 | €515 | -€550 | -51.6% |
| Financial charges | 65/66B | €610 | €450 | -€160 | -26.2% |
| Recurring financial charges | 65 | €610 | €450 | -€160 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €41,785 | €91,119 | +€49,334 | +118.1% |
| Income taxes | 67/77 | €9,707 | €20,068 | +€10,361 | +106.7% |
| Profit (loss) for the period | 9904 | €32,077 | €71,051 | +€38,973 | +121.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,077 | €71,051 | +€38,973 | +121.5% |
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 10 October 2026 via checked.be.