ARTUNE: 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.
ARTUNE
Largest movements
- Cash -€108,915
down €108,915 (-78.4%), from €138,837 to €29,923
mainly Other debts (-€87,085) and Investment in fixed assets (net) (-€55,440)
- Receivables within one year +€26,109
up €26,109 (+113.7%), from €22,960 to €49,070
- Tangible fixed assets +€24,326
up €24,326 (+97.0%), from €25,067 to €49,393
of which Furniture and vehicles: +€31,522
- Intangible fixed assets -€11,826
down €11,826 (-35.4%), from €33,401 to €21,575
- Other debts -€87,085
down €87,085 (-78.3%), from €111,182 to €24,097
- Current portion of long-term debt -€16,370
down €16,370 (-56.4%), from €29,013 to €12,642
- Debts after one year +€14,668
up €14,668 (+995.3%), from €1,474 to €16,141
- Trade debts +€14,643
up €14,643 (+96.4%), from €15,188 to €29,831
- Tax, wage and social debts -€7,558
down €7,558 (-30.1%), from €25,130 to €17,572
of which Taxes: -€9,238
- Depreciation -€14,624
down €14,624 (-25.4%), from €57,564 to €42,940
- Staff costs -€4,463
down €4,463 (-4.6%), from €97,783 to €93,319
- Taxes +€3,492
up €3,492 (+974.7%), from €358 to €3,850
- Gross operating margin -€3,316
down €3,316 (-2.1%), from €157,690 to €154,374
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 | €226,917 | €155,904 | -€71,013 | -31.3% |
| Fixed assets | 21/28 | €58,469 | €70,968 | +€12,499 | +21.4% |
| Intangible fixed assets | 21 | €33,401 | €21,575 | -€11,826 | -35.4% |
| Tangible fixed assets | 22/27 | €25,067 | €49,393 | +€24,326 | +97.0% |
| Plant, machinery and equipment | 23 | €14,283 | €6,244 | -€8,039 | -56.3% |
| Furniture and vehicles | 24 | €10,784 | €42,306 | +€31,522 | +292.3% |
| Other tangible fixed assets | 26 | - | €843 | +€843 | |
| Current assets | 29/58 | €168,449 | €84,937 | -€83,512 | -49.6% |
| Stocks and contracts in progress | 3 | €1,908 | €2,897 | +€989 | +51.9% |
| Stocks | 30/36 | €1,908 | €2,897 | +€989 | +51.9% |
| Amounts receivable within one year | 40/41 | €22,960 | €49,070 | +€26,109 | +113.7% |
| Trade receivables | 40 | €22,960 | €49,070 | +€26,109 | +113.7% |
| Cash at bank and in hand | 54/58 | €138,837 | €29,923 | -€108,915 | -78.4% |
| Deferred charges and accrued income | 490/1 | €4,744 | €3,047 | -€1,696 | -35.8% |
| Total equity and liabilities | 10/49 | €226,917 | €155,904 | -€71,013 | -31.3% |
| Equity | 10/15 | €44,931 | €55,620 | +€10,689 | +23.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €31,539 | €35,620 | +€4,081 | +12.9% |
| Distributable reserves | 133 | €31,539 | €35,620 | +€4,081 | +12.9% |
| Profit (loss) carried forward | 14 | -€6,608 | €0 | +€6,608 | |
| Amounts payable | 17/49 | €181,986 | €100,284 | -€81,702 | -44.9% |
| Amounts payable after more than one year | 17 | €1,474 | €16,141 | +€14,668 | +995.3% |
| Financial debts | 170/4 | €1,474 | €16,141 | +€14,668 | +995.3% |
| Amounts payable within one year | 42/48 | €180,513 | €84,143 | -€96,370 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €29,013 | €12,642 | -€16,370 | -56.4% |
| Trade debts | 44 | €15,188 | €29,831 | +€14,643 | +96.4% |
| Suppliers | 440/4 | €15,188 | €29,831 | +€14,643 | +96.4% |
| Taxes, remuneration and social security | 45 | €25,130 | €17,572 | -€7,558 | -30.1% |
| Taxes | 450/3 | €20,359 | €11,121 | -€9,238 | -45.4% |
| Remuneration and social security | 454/9 | €4,771 | €6,451 | +€1,680 | +35.2% |
| Other amounts payable | 47/48 | €111,182 | €24,097 | -€87,085 | -78.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €97,783 | €93,319 | -€4,463 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,564 | €42,940 | -€14,624 | -25.4% |
| Other operating charges | 640/8 | €2,147 | €2,346 | +€200 | +9.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €157,690 | €154,374 | -€3,316 | -2.1% |
| Operating profit (loss) | 9901 | €197 | €15,768 | +€15,571 | +7924.3% |
| Financial income | 75/76B | €13 | €95 | +€82 | +632.6% |
| Recurring financial income | 75 | €13 | €95 | +€82 | +632.6% |
| Financial charges | 65/66B | €2,706 | €1,324 | -€1,382 | -51.1% |
| Recurring financial charges | 65 | €2,706 | €1,324 | -€1,382 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,496 | €14,540 | +€17,036 | |
| Income taxes | 67/77 | €358 | €3,850 | +€3,492 | +974.7% |
| Profit (loss) for the period | 9904 | -€2,855 | €10,689 | +€13,544 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,855 | €10,689 | +€13,544 |
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.