ARTUME: 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.
ARTUME
Largest movements
- Cash +€101,245
up €101,245 (+346.6%), from €29,210 to €130,455
mainly Net result for the year (+€231,699) and Current investments (+€70,000)
- Current investments -€70,000
down €70,000 (-58.3%), from €120,031 to €50,031
- Tangible fixed assets -€19,953
down €19,953 (-4.4%), from €456,247 to €436,293
of which Land and buildings: -€18,623
- Debts after one year -€38,375
down €38,375 (-31.0%), from €123,670 to €85,296
- Reserves +€27,706
up €27,706 (+4.5%), from €621,904 to €649,610
of which Distributable reserves: +€27,706
- Tax, wage and social debts +€16,179
up €16,179 (+66.4%), from €24,353 to €40,532
of which Taxes: +€13,654
- Financial income +€174,730
up €174,730 (+6692.4%), from €2,611 to €177,340
- Taxes +€18,161
up €18,161 (+67.9%), from €26,734 to €44,895
- Other operating charges -€1,587
down €1,587 (-24.2%), from €6,565 to €4,979
- Depreciation -€1,500
down €1,500 (-7.0%), from €21,453 to €19,953
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 | €850,897 | €855,566 | +€4,669 | +0.5% |
| Fixed assets | 21/28 | €592,247 | €572,293 | -€19,953 | -3.4% |
| Tangible fixed assets | 22/27 | €456,247 | €436,293 | -€19,953 | -4.4% |
| Land and buildings | 22 | €453,586 | €434,963 | -€18,623 | -4.1% |
| Furniture and vehicles | 24 | €2,661 | €1,330 | -€1,330 | -50.0% |
| Financial fixed assets | 28 | €136,000 | €136,000 | = | 0.0% |
| Current assets | 29/58 | €258,651 | €283,273 | +€24,622 | +9.5% |
| Amounts receivable within one year | 40/41 | €107,500 | €101,698 | -€5,802 | -5.4% |
| Trade receivables | 40 | €100,500 | €101,698 | +€1,198 | +1.2% |
| Other amounts receivable | 41 | €7,000 | - | -€7,000 | |
| Current investments | 50/53 | €120,031 | €50,031 | -€70,000 | -58.3% |
| Cash at bank and in hand | 54/58 | €29,210 | €130,455 | +€101,245 | +346.6% |
| Deferred charges and accrued income | 490/1 | €1,911 | €1,089 | -€822 | -43.0% |
| Total equity and liabilities | 10/49 | €850,897 | €855,566 | +€4,669 | +0.5% |
| Equity | 10/15 | €642,364 | €670,070 | +€27,706 | +4.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €621,904 | €649,610 | +€27,706 | +4.5% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €603,154 | €630,860 | +€27,706 | +4.6% |
| Amounts payable | 17/49 | €208,534 | €185,496 | -€23,037 | -11.0% |
| Amounts payable after more than one year | 17 | €123,670 | €85,296 | -€38,375 | -31.0% |
| Financial debts | 170/4 | €123,670 | €85,296 | -€38,375 | -31.0% |
| Amounts payable within one year | 42/48 | €80,866 | €96,541 | +€15,675 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €37,973 | €38,375 | +€402 | +1.1% |
| Trade debts | 44 | €844 | €641 | -€203 | -24.1% |
| Suppliers | 440/4 | €844 | €641 | -€203 | -24.1% |
| Taxes, remuneration and social security | 45 | €24,353 | €40,532 | +€16,179 | +66.4% |
| Taxes | 450/3 | €24,353 | €38,007 | +€13,654 | +56.1% |
| Remuneration and social security | 454/9 | - | €2,525 | +€2,525 | |
| Other amounts payable | 47/48 | €17,697 | €16,994 | -€702 | -4.0% |
| Accrued charges and deferred income | 492/3 | €3,997 | €3,659 | -€338 | -8.5% |
| Non-recurring operating income | 76A | €15,150 | - | -€15,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,453 | €19,953 | -€1,500 | -7.0% |
| Other operating charges | 640/8 | €6,565 | €4,979 | -€1,587 | -24.2% |
| Gross operating margin | 9900 | €129,760 | €130,339 | +€579 | +0.4% |
| Operating profit (loss) | 9901 | €101,742 | €105,407 | +€3,666 | +3.6% |
| Financial income | 75/76B | €2,611 | €177,340 | +€174,730 | +6692.4% |
| Recurring financial income | 75 | €2,611 | €177,340 | +€174,730 | +6692.4% |
| Financial charges | 65/66B | €6,233 | €6,154 | -€79 | -1.3% |
| Recurring financial charges | 65 | €6,233 | €6,154 | -€79 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €98,119 | €276,594 | +€178,474 | +181.9% |
| Income taxes | 67/77 | €26,734 | €44,895 | +€18,161 | +67.9% |
| Profit (loss) for the period | 9904 | €71,386 | €231,699 | +€160,313 | +224.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,386 | €231,699 | +€160,313 | +224.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.