ARTADIS: 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.
ARTADIS
Largest movements
- Stocks and contracts -€9,154
down €9,154 (-25.4%), from €36,030 to €26,876
- Tangible fixed assets -€5,717
down €5,717 (-3.7%), from €154,252 to €148,535
of which Land and buildings: -€18,036
- Receivables within one year -€4,220
down €4,220 (-19.8%), from €21,330 to €17,110
of which Trade receivables: -€4,640
- Cash +€3,668
up €3,668 (+40.4%), from €9,072 to €12,739
mainly Net result for the year (+€21,471) and Depreciation (+€20,223)
- Other debts -€30,175
down €30,175 (-63.2%), from €47,726 to €17,550
- Profit (loss) carried forward +€21,471
up €21,471 (+50.0%), from €42,956 to €64,427
- Debts after one year -€10,200
down €10,200 (-71.0%), from €14,357 to €4,157
- Purchases and services -€169,390
down €169,390 (-28.8%), from €587,805 to €418,414
- Turnover -€168,672
down €168,672 (-28.8%), from €584,771 to €416,099
- Gross operating margin -€28,514
down €28,514 (-29.7%), from €95,945 to €67,431
- Staff costs -€16,103
down €16,103 (-51.6%), from €31,191 to €15,087
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
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 | €224,469 | €209,327 | -€15,143 | -6.7% |
| Fixed assets | 21/28 | €156,224 | €150,508 | -€5,717 | -3.7% |
| Tangible fixed assets | 22/27 | €154,252 | €148,535 | -€5,717 | -3.7% |
| Land and buildings | 22 | €125,222 | €107,186 | -€18,036 | -14.4% |
| Furniture and vehicles | 24 | €864 | €369 | -€495 | -57.3% |
| Other tangible fixed assets | 26 | €28,166 | €40,980 | +€12,814 | +45.5% |
| Financial fixed assets | 28 | €1,973 | €1,973 | = | 0.0% |
| Current assets | 29/58 | €68,245 | €58,819 | -€9,426 | -13.8% |
| Stocks and contracts in progress | 3 | €36,030 | €26,876 | -€9,154 | -25.4% |
| Stocks | 30/36 | €36,030 | €26,876 | -€9,154 | -25.4% |
| Amounts receivable within one year | 40/41 | €21,330 | €17,110 | -€4,220 | -19.8% |
| Trade receivables | 40 | €5,383 | €743 | -€4,640 | -86.2% |
| Other amounts receivable | 41 | €15,946 | €16,366 | +€420 | +2.6% |
| Cash at bank and in hand | 54/58 | €9,072 | €12,739 | +€3,668 | +40.4% |
| Deferred charges and accrued income | 490/1 | €1,814 | €2,094 | +€280 | +15.5% |
| Total equity and liabilities | 10/49 | €224,469 | €209,327 | -€15,143 | -6.7% |
| Equity | 10/15 | €117,409 | €138,880 | +€21,471 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,853 | €55,853 | = | 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% |
| Tax-exempt reserves | 132 | €8,993 | €8,993 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,956 | €64,427 | +€21,471 | +50.0% |
| Amounts payable | 17/49 | €107,060 | €70,446 | -€36,614 | -34.2% |
| Amounts payable after more than one year | 17 | €14,357 | €4,157 | -€10,200 | -71.0% |
| Financial debts | 170/4 | €14,357 | €4,157 | -€10,200 | -71.0% |
| Amounts payable within one year | 42/48 | €92,703 | €66,289 | -€26,414 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €9,594 | €11,206 | +€1,612 | +16.8% |
| Financial debts | 43 | €8,301 | €10,351 | +€2,051 | +24.7% |
| Credit institutions | 430/8 | €8,301 | €10,351 | +€2,051 | +24.7% |
| Taxes, remuneration and social security | 45 | €27,083 | €27,182 | +€99 | +0.4% |
| Taxes | 450/3 | €4,333 | €4,287 | -€47 | -1.1% |
| Remuneration and social security | 454/9 | €22,749 | €22,895 | +€146 | +0.6% |
| Other amounts payable | 47/48 | €47,726 | €17,550 | -€30,175 | -63.2% |
| Turnover | 70 | €584,771 | €416,099 | -€168,672 | -28.8% |
| Non-recurring operating income | 76A | €2,838 | - | -€2,838 | |
| Goods, raw materials, services and sundry goods | 60/61 | €587,805 | €418,414 | -€169,390 | -28.8% |
| Remuneration, social security and pensions | 62 | €31,191 | €15,087 | -€16,103 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,880 | €20,223 | -€2,657 | -11.6% |
| Other operating charges | 640/8 | €3,789 | €4,560 | +€771 | +20.3% |
| Non-recurring operating charges | 66A | €824 | €564 | -€260 | -31.5% |
| Gross operating margin | 9900 | €95,945 | €67,431 | -€28,514 | -29.7% |
| Operating profit (loss) | 9901 | €37,262 | €26,997 | -€10,265 | -27.5% |
| Financial charges | 65/66B | €2,910 | €2,384 | -€526 | -18.1% |
| Recurring financial charges | 65 | €2,910 | €2,384 | -€526 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €34,352 | €24,613 | -€9,739 | -28.3% |
| Income taxes | 67/77 | €2,353 | €3,142 | +€789 | +33.5% |
| Profit (loss) for the period | 9904 | €31,999 | €21,471 | -€10,527 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,999 | €21,471 | -€10,527 | -32.9% |
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 14 October 2026 via checked.be.