ARTWI: 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.
ARTWI
Largest movements
- Tangible fixed assets -€175,674
no longer reported in 2025 (was €175,674)
of which Land and buildings: -€127,000
- Formation expenses -€7,767
no longer reported in 2025 (was €7,767)
- Cash -€2,277
no longer reported in 2025 (was €2,277)
mainly Other debts (-€128,510) and Debts after one year (-€89,333)
- Other debts -€128,510
down €128,510 (-85.8%), from €149,721 to €21,212
- Debts after one year -€89,333
no longer reported in 2025 (was €89,333)
- Profit (loss) carried forward +€34,905
up €34,905 (+44.0%), from -€79,318 to -€44,413
- Tax, wage and social debts -€2,323
no longer reported in 2025 (was €2,323)
- Gross operating margin +€228,785
up €228,785, from -€1,872 to €226,913
- Financial charges +€56,485
up €56,485 (+7470.0%), from €756 to €57,241
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 | €185,717 | - | -€185,717 | |
| Formation expenses | 20 | €7,767 | - | -€7,767 | |
| Fixed assets | 21/28 | €175,674 | - | -€175,674 | |
| Tangible fixed assets | 22/27 | €175,674 | - | -€175,674 | |
| Land and buildings | 22 | €127,000 | - | -€127,000 | |
| Plant, machinery and equipment | 23 | €48,674 | - | -€48,674 | |
| Current assets | 29/58 | €2,277 | - | -€2,277 | |
| Cash at bank and in hand | 54/58 | €2,277 | - | -€2,277 | |
| Total equity and liabilities | 10/49 | €185,717 | €0 | -€185,717 | -100.0% |
| Equity | 10/15 | -€56,155 | -€21,249 | +€34,905 | +62.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €11,163 | €11,163 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,303 | €9,303 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€79,318 | -€44,413 | +€34,905 | +44.0% |
| Amounts payable | 17/49 | €241,872 | €21,249 | -€220,623 | -91.2% |
| Amounts payable after more than one year | 17 | €89,333 | - | -€89,333 | |
| Financial debts | 170/4 | €89,333 | - | -€89,333 | |
| Amounts payable within one year | 42/48 | €152,539 | €21,249 | -€131,290 | -86.1% |
| Trade debts | 44 | €495 | €38 | -€457 | -92.3% |
| Suppliers | 440/4 | €495 | €38 | -€457 | -92.3% |
| Taxes, remuneration and social security | 45 | €2,323 | - | -€2,323 | |
| Taxes | 450/3 | €2,323 | - | -€2,323 | |
| Other amounts payable | 47/48 | €149,721 | €21,212 | -€128,510 | -85.8% |
| Other operating charges | 640/8 | €225 | - | -€225 | |
| Non-recurring operating charges | 66A | - | €134,767 | +€134,767 | |
| Gross operating margin | 9900 | -€1,872 | €226,913 | +€228,785 | |
| Operating profit (loss) | 9901 | -€2,097 | €92,146 | +€94,243 | |
| Financial charges | 65/66B | €756 | €57,241 | +€56,485 | +7470.0% |
| Recurring financial charges | 65 | €756 | €57,241 | +€56,485 | +7470.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,853 | €34,905 | +€37,758 | |
| Profit (loss) for the period | 9904 | -€2,853 | €34,905 | +€37,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,853 | €34,905 | +€37,758 |
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 9 October 2026 via checked.be.