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 +€277,631
up €277,631 (+7.1%), from €3.9m to €4.2m
- Profit (loss) carried forward +€168,094
up €168,094 (+39.3%), from €427,811 to €595,905
- Accrued charges and deferred income +€112,286
new in 2026: €112,286
- Gross operating margin -€68,856
down €68,856 (-24.2%), from €284,598 to €215,742
- Depreciation -€62,558
down €62,558 (-95.8%), from €65,330 to €2,772
- Financial income +€45,019
up €45,019 (+79.9%), from €56,335 to €101,354
- Taxes -€6,890
down €6,890 (-20.8%), from €33,136 to €26,246
From the 2025 result to the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,955,155 | €4,232,042 | +€276,887 | +7.0% |
| Fixed assets | 21/28 | €43,366 | €40,593 | -€2,772 | -6.4% |
| Tangible fixed assets | 22/27 | €43,060 | €40,288 | -€2,772 | -6.4% |
| Land and buildings | 22 | €43,060 | €40,288 | -€2,772 | -6.4% |
| Financial fixed assets | 28 | €306 | €306 | = | 0.0% |
| Current assets | 29/58 | €3,911,790 | €4,191,449 | +€279,659 | +7.1% |
| Amounts receivable within one year | 40/41 | €8,321 | €10,348 | +€2,028 | +24.4% |
| Other amounts receivable | 41 | €8,321 | €10,348 | +€2,028 | +24.4% |
| Current investments | 50/53 | €3,903,469 | €4,181,100 | +€277,631 | +7.1% |
| Total equity and liabilities | 10/49 | €3,955,155 | €4,232,042 | +€276,887 | +7.0% |
| Equity | 10/15 | €2,996,011 | €3,164,105 | +€168,094 | +5.6% |
| 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 | €427,811 | €595,905 | +€168,094 | +39.3% |
| Provisions and deferred taxes | 16 | €957,118 | €955,542 | -€1,576 | -0.2% |
| Provisions for liabilities and charges | 160/5 | €957,118 | €955,542 | -€1,576 | -0.2% |
| Other liabilities and charges | 164/5 | €957,118 | €955,542 | -€1,576 | -0.2% |
| Amounts payable | 17/49 | €2,027 | €112,396 | +€110,369 | +5,446% |
| Amounts payable within one year | 42/48 | €2,027 | €110 | -€1,917 | -94.6% |
| Trade debts | 44 | €2,027 | €110 | -€1,917 | -94.6% |
| Suppliers | 440/4 | €2,027 | €110 | -€1,917 | -94.6% |
| Accrued charges and deferred income | 492/3 | - | €112,286 | +€112,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,330 | €2,772 | -€62,558 | -95.8% |
| Other operating charges | 640/8 | €3,919 | €4,149 | +€230 | +5.9% |
| Gross operating margin | 9900 | €284,598 | €215,742 | -€68,856 | -24.2% |
| Operating profit (loss) | 9901 | €215,349 | €208,821 | -€6,528 | -3.0% |
| Financial income | 75/76B | €56,335 | €101,354 | +€45,019 | +79.9% |
| Recurring financial income | 75 | €56,335 | €101,354 | +€45,019 | +79.9% |
| Financial charges | 65/66B | €114,565 | €115,836 | +€1,271 | +1.1% |
| Recurring financial charges | 65 | €114,565 | €115,836 | +€1,271 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €157,120 | €194,340 | +€37,220 | +23.7% |
| Income taxes | 67/77 | €33,136 | €26,246 | -€6,890 | -20.8% |
| Profit (loss) for the period | 9904 | €123,984 | €168,094 | +€44,110 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,984 | €168,094 | +€44,110 | +35.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.