ARTWARE: 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.
ARTWARE
Largest movements
- Current investments +€296,086
up €296,086 (+8.2%), from €3.6m to €3.9m
- Receivables after one year -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets -€65,330
down €65,330 (-60.3%), from €108,389 to €43,060
- Profit (loss) carried forward +€123,984
up €123,984 (+40.8%), from €303,827 to €427,811
- Accrued charges and deferred income -€77,344
no longer reported in 2025 (was €77,344)
- Gross operating margin +€30,044
up €30,044 (+11.8%), from €254,554 to €284,598
- Financial income +€17,013
up €17,013 (+43.3%), from €39,322 to €56,335
- Taxes +€6,636
up €6,636 (+25.0%), from €26,501 to €33,136
- Financial charges +€3,498
up €3,498 (+3.1%), from €111,067 to €114,565
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,924,348 | €3,955,155 | +€30,807 | +0.8% |
| Fixed assets | 21/28 | €108,694 | €43,366 | -€65,328 | -60.1% |
| Tangible fixed assets | 22/27 | €108,389 | €43,060 | -€65,330 | -60.3% |
| Land and buildings | 22 | €108,389 | €43,060 | -€65,330 | -60.3% |
| Financial fixed assets | 28 | €304 | €306 | +€1 | +0.5% |
| Current assets | 29/58 | €3,815,655 | €3,911,790 | +€96,135 | +2.5% |
| Amounts receivable after more than one year | 29 | €200,000 | - | -€200,000 | |
| Other amounts receivable | 291 | €200,000 | - | -€200,000 | |
| Amounts receivable within one year | 40/41 | €8,271 | €8,321 | +€50 | +0.6% |
| Other amounts receivable | 41 | €8,271 | €8,321 | +€50 | +0.6% |
| Current investments | 50/53 | €3,607,384 | €3,903,469 | +€296,086 | +8.2% |
| Total equity and liabilities | 10/49 | €3,924,348 | €3,955,155 | +€30,807 | +0.8% |
| Equity | 10/15 | €2,872,027 | €2,996,011 | +€123,984 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,506,200 | €2,506,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,500,000 | €2,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,827 | €427,811 | +€123,984 | +40.8% |
| Provisions and deferred taxes | 16 | €957,848 | €957,118 | -€730 | -0.1% |
| Provisions for liabilities and charges | 160/5 | €957,848 | €957,118 | -€730 | -0.1% |
| Other liabilities and charges | 164/5 | €957,848 | €957,118 | -€730 | -0.1% |
| Amounts payable | 17/49 | €94,473 | €2,027 | -€92,447 | -97.9% |
| Amounts payable within one year | 42/48 | €17,129 | €2,027 | -€15,102 | -88.2% |
| Trade debts | 44 | €11,634 | €2,027 | -€9,607 | -82.6% |
| Suppliers | 440/4 | €11,634 | €2,027 | -€9,607 | -82.6% |
| Taxes, remuneration and social security | 45 | €5,495 | - | -€5,495 | |
| Taxes | 450/3 | €5,495 | - | -€5,495 | |
| Accrued charges and deferred income | 492/3 | €77,344 | - | -€77,344 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,330 | €65,330 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,795 | €3,919 | +€124 | +3.3% |
| Gross operating margin | 9900 | €254,554 | €284,598 | +€30,044 | +11.8% |
| Operating profit (loss) | 9901 | €185,429 | €215,349 | +€29,921 | +16.1% |
| Financial income | 75/76B | €39,322 | €56,335 | +€17,013 | +43.3% |
| Recurring financial income | 75 | €39,322 | €56,335 | +€17,013 | +43.3% |
| Financial charges | 65/66B | €111,067 | €114,565 | +€3,498 | +3.1% |
| Recurring financial charges | 65 | €111,067 | €114,565 | +€3,498 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €113,684 | €157,120 | +€43,436 | +38.2% |
| Income taxes | 67/77 | €26,501 | €33,136 | +€6,636 | +25.0% |
| Profit (loss) for the period | 9904 | €87,183 | €123,984 | +€36,801 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,183 | €123,984 | +€36,801 | +42.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.