ARTAGNAN SRL: what changed
What changed
ARTAGNAN SRL
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€93,429
2024 · €123,254-€29,825
Equity
€89,816
2024 · €199,798-€109,982
Cash
€50,457
2024 · €106,068-€55,612
Balance sheet total
€150,992
2024 · €257,206-€106,213
Largest movements
Assets
- Cash -€55,612
down €55,612 (-52.4%), from €106,068 to €50,457
mainly Contributions, distributions and other (-€203,412) and Investment in fixed assets (net) (-€4,792)
- Receivables within one year -€54,887
down €54,887 (-37.7%), from €145,754 to €90,867
of which Trade receivables: -€34,577
- Tangible fixed assets +€3,867
up €3,867 (+99.6%), from €3,882 to €7,749
of which Other tangible fixed assets: +€4,703
Equity and liabilities
- Profit (loss) carried forward -€109,982
down €109,982 (-55.9%), from €196,798 to €86,816
- Trade debts +€5,642
up €5,642 (+2,117%), from €267 to €5,908
Income statement
- Gross operating margin -€35,477
down €35,477 (-22.1%), from €160,509 to €125,032
- Taxes -€8,986
down €8,986 (-24.9%), from €36,120 to €27,134
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€123,254
Gross operating margin
-€35,477
Depreciation
+€960
Other operating charges
-€585
Other operating items
-€2,775
Financial income
-€938
Financial charges
+€5
Taxes
+€8,986
Result 2025
€93,429
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€152,138
Investment
-€4,792
Financing
-€202,958
Cash 2024
€106,068
From operations (derived)
+€152,138
Net result for the year
+€93,429
Depreciation
+€925
Receivables within one year
+€54,887
Smaller working-capital items
-€181
Trade debts
+€5,642
Tax, wage and social debts
-€2,565
Investment (derived)
-€4,792
Investment in fixed assets (net)
-€4,792
Financing
-€202,958
Short-term financial debts
+€454
Contributions, distributions and other
-€203,412
Cash 2025
€50,457
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,206 | €150,992 | -€106,213 | -41.3% |
| Fixed assets | 21/28 | €4,467 | €8,333 | +€3,867 | +86.6% |
| Tangible fixed assets | 22/27 | €3,882 | €7,749 | +€3,867 | +99.6% |
| Furniture and vehicles | 24 | €3,466 | €2,629 | -€836 | -24.1% |
| Other tangible fixed assets | 26 | €417 | €5,120 | +€4,703 | +1,128% |
| Financial fixed assets | 28 | €584 | €584 | = | 0.0% |
| Current assets | 29/58 | €252,739 | €142,659 | -€110,080 | -43.6% |
| Amounts receivable within one year | 40/41 | €145,754 | €90,867 | -€54,887 | -37.7% |
| Trade receivables | 40 | €125,444 | €90,867 | -€34,577 | -27.6% |
| Other amounts receivable | 41 | €20,310 | €0 | -€20,310 | -100% |
| Cash at bank and in hand | 54/58 | €106,068 | €50,457 | -€55,612 | -52.4% |
| Deferred charges and accrued income | 490/1 | €916 | €1,335 | +€419 | +45.7% |
| Total equity and liabilities | 10/49 | €257,206 | €150,992 | -€106,213 | -41.3% |
| Equity | 10/15 | €199,798 | €89,816 | -€109,982 | -55.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,798 | €86,816 | -€109,982 | -55.9% |
| Amounts payable | 17/49 | €57,407 | €61,176 | +€3,769 | +6.6% |
| Amounts payable within one year | 42/48 | €57,407 | €61,176 | +€3,769 | +6.6% |
| Financial debts | 43 | €71 | €525 | +€454 | +635% |
| Credit institutions | 430/8 | €71 | €525 | +€454 | +635% |
| Trade debts | 44 | €267 | €5,908 | +€5,642 | +2,117% |
| Suppliers | 440/4 | €267 | €5,908 | +€5,642 | +2,117% |
| Taxes, remuneration and social security | 45 | €57,069 | €54,504 | -€2,565 | -4.5% |
| Taxes | 450/3 | €56,819 | €54,504 | -€2,315 | -4.1% |
| Remuneration and social security | 454/9 | €250 | €0 | -€250 | -100% |
| Other amounts payable | 47/48 | €0 | €238 | +€238 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,885 | €925 | -€960 | -50.9% |
| Other operating charges | 640/8 | €64 | €649 | +€585 | +917% |
| Non-recurring operating charges | 66A | - | €2,775 | +€2,775 | |
| Gross operating margin | 9900 | €160,509 | €125,032 | -€35,477 | -22.1% |
| Operating profit (loss) | 9901 | €158,560 | €120,683 | -€37,878 | -23.9% |
| Financial income | 75/76B | €938 | €0 | -€938 | -100.0% |
| Recurring financial income | 75 | €938 | €0 | -€938 | -100.0% |
| Financial charges | 65/66B | €124 | €119 | -€5 | -3.9% |
| Recurring financial charges | 65 | €124 | €119 | -€5 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €159,374 | €120,564 | -€38,811 | -24.4% |
| Income taxes | 67/77 | €36,120 | €27,134 | -€8,986 | -24.9% |
| Profit (loss) for the period | 9904 | €123,254 | €93,429 | -€29,825 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €123,254 | €93,429 | -€29,825 | -24.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.