Artus: 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.
Artus
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-65.0%), from €1.8m to €630,597
- Receivables within one year +€853,501
up €853,501 (+263.1%), from €324,417 to €1.2m
of which Other amounts receivable: +€476,772
- Cash +€49,220
up €49,220 (+152.9%), from €32,201 to €81,421
mainly Stocks and contracts (+€1.2m) and Other debts (+€295,766)
- Tangible fixed assets +€44,513
up €44,513 (+333.7%), from €13,338 to €57,852
of which Furniture and vehicles: +€34,761
- Short-term financial debts -€817,335
down €817,335 (-69.0%), from €1.2m to €367,816
- Other debts +€295,766
up €295,766 (+52.2%), from €566,263 to €862,030
- Trade debts +€171,906
up €171,906 (+238.7%), from €72,031 to €243,938
- Reserves +€145,062
up €145,062 (+43.1%), from €336,188 to €481,250
- Tax, wage and social debts -€52,779
down €52,779 (-57.5%), from €91,766 to €38,987
- Gross operating margin +€50,494
up €50,494 (+24.3%), from €207,508 to €258,002
- Staff costs -€33,671
down €33,671, from €31,305 to -€2,367
- Financial charges +€22,403
up €22,403 (+206.5%), from €10,851 to €33,254
- Taxes +€19,370
up €19,370 (+38.2%), from €50,767 to €70,138
- Depreciation +€5,005
up €5,005 (+74.9%), from €6,680 to €11,685
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 | €2,392,566 | €2,170,628 | -€221,938 | -9.3% |
| Fixed assets | 21/28 | €230,838 | €278,852 | +€48,013 | +20.8% |
| Tangible fixed assets | 22/27 | €13,338 | €57,852 | +€44,513 | +333.7% |
| Plant, machinery and equipment | 23 | €1,707 | €1,273 | -€434 | -25.4% |
| Furniture and vehicles | 24 | €11,632 | €46,393 | +€34,761 | +298.9% |
| Other tangible fixed assets | 26 | - | €10,186 | +€10,186 | |
| Financial fixed assets | 28 | €217,500 | €221,000 | +€3,500 | +1.6% |
| Current assets | 29/58 | €2,161,728 | €1,891,776 | -€269,951 | -12.5% |
| Stocks and contracts in progress | 3 | €1,802,645 | €630,597 | -€1.2m | -65.0% |
| Stocks | 30/36 | €1,802,645 | €630,597 | -€1.2m | -65.0% |
| Amounts receivable within one year | 40/41 | €324,417 | €1,177,918 | +€853,501 | +263.1% |
| Trade receivables | 40 | €279,354 | €656,083 | +€376,729 | +134.9% |
| Other amounts receivable | 41 | €45,063 | €521,835 | +€476,772 | +1058.0% |
| Cash at bank and in hand | 54/58 | €32,201 | €81,421 | +€49,220 | +152.9% |
| Deferred charges and accrued income | 490/1 | €2,465 | €1,841 | -€625 | -25.3% |
| Total equity and liabilities | 10/49 | €2,392,566 | €2,170,628 | -€221,938 | -9.3% |
| Equity | 10/15 | €338,688 | €483,750 | +€145,062 | +42.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €336,188 | €481,250 | +€145,062 | +43.1% |
| Distributable reserves | 133 | €336,188 | €481,250 | +€145,062 | +43.1% |
| Amounts payable | 17/49 | €2,053,878 | €1,686,879 | -€367,000 | -17.9% |
| Amounts payable after more than one year | 17 | €109,579 | €136,228 | +€26,649 | +24.3% |
| Financial debts | 170/4 | €109,579 | €136,228 | +€26,649 | +24.3% |
| Amounts payable within one year | 42/48 | €1,944,299 | €1,550,650 | -€393,649 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €29,087 | €37,880 | +€8,793 | +30.2% |
| Financial debts | 43 | €1,185,152 | €367,816 | -€817,335 | -69.0% |
| Credit institutions | 430/8 | €1,185,152 | €367,816 | -€817,335 | -69.0% |
| Trade debts | 44 | €72,031 | €243,938 | +€171,906 | +238.7% |
| Suppliers | 440/4 | €72,031 | €243,938 | +€171,906 | +238.7% |
| Taxes, remuneration and social security | 45 | €91,766 | €38,987 | -€52,779 | -57.5% |
| Taxes | 450/3 | €91,766 | €38,987 | -€52,779 | -57.5% |
| Other amounts payable | 47/48 | €566,263 | €862,030 | +€295,766 | +52.2% |
| Remuneration, social security and pensions | 62 | €31,305 | -€2,367 | -€33,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,680 | €11,685 | +€5,005 | +74.9% |
| Other operating charges | 640/8 | €6,191 | €3,832 | -€2,359 | -38.1% |
| Gross operating margin | 9900 | €207,508 | €258,002 | +€50,494 | +24.3% |
| Operating profit (loss) | 9901 | €163,332 | €244,851 | +€81,519 | +49.9% |
| Financial income | 75/76B | €3,242 | €3,603 | +€361 | +11.1% |
| Recurring financial income | 75 | €3,242 | €3,603 | +€361 | +11.1% |
| Financial charges | 65/66B | €10,851 | €33,254 | +€22,403 | +206.5% |
| Recurring financial charges | 65 | €10,851 | €33,254 | +€22,403 | +206.5% |
| Profit (loss) for the period before taxes | 9903 | €155,722 | €215,199 | +€59,477 | +38.2% |
| Income taxes | 67/77 | €50,767 | €70,138 | +€19,370 | +38.2% |
| Profit (loss) for the period | 9904 | €104,955 | €145,062 | +€40,107 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,955 | €145,062 | +€40,107 | +38.2% |
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.