ARTANFFA: what changed
What changed
ARTANFFA
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€4,194
2024 · -€20,876+€25,070
Equity
€255,267
2024 · €336,997-€81,730
Cash
€80,881
2024 · €182,545-€101,664
Balance sheet total
€978,295
2024 · €1.0m-€37,311
Largest movements
Assets
- Cash -€101,664
down €101,664 (-55.7%), from €182,545 to €80,881
mainly Investment in fixed assets (net) (-€110,040) and Contributions, distributions and other (-€85,924)
- Tangible fixed assets +€84,398
up €84,398 (+12.1%), from €698,293 to €782,691
of which Land and buildings: +€678,636
- Receivables after one year -€16,000
down €16,000 (-100%), from €16,000 to €0
Equity and liabilities
- Reserves -€81,730
down €81,730 (-25.7%), from €318,397 to €236,667
of which Distributable reserves: -€81,730
- Other debts +€71,695
up €71,695 (+1,026%), from €6,988 to €78,684
- Debts after one year -€33,911
down €33,911 (-5.3%), from €639,221 to €605,310
Income statement
- Gross operating margin +€62,849
up €62,849 (+2,271%), from €2,768 to €65,617
- Depreciation +€16,215
up €16,215 (+172%), from €9,428 to €25,643
- Financial charges +€13,872
up €13,872 (+95.2%), from €14,579 to €28,450
- Financial income -€3,161
down €3,161 (-89.3%), from €3,541 to €380
- Other operating charges -€2,305
down €2,305 (-72.5%), from €3,179 to €873
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
-€20,876
Gross operating margin
+€62,849
Depreciation
-€16,215
Other operating charges
+€2,305
Other operating items
-€6,818
Financial income
-€3,161
Financial charges
-€13,872
Taxes
-€20
Result 2025
€4,194
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
+€108,845
Investment
-€100,032
Financing
-€110,478
Cash 2024
€182,545
From operations (derived)
+€108,845
Net result for the year
+€4,194
Depreciation
+€25,643
Receivables after one year
+€16,000
Receivables within one year
-€5,710
Deferred charges and accrued income
-€254
Trade debts
-€6,204
Tax, wage and social debts
+€3,482
Other debts
+€71,695
Investment (derived)
-€100,032
Investment in fixed assets (net)
-€110,040
Current investments
+€10,008
Financing
-€110,478
Debts after one year
-€33,911
Current portion of long-term debt
+€9,357
Contributions, distributions and other
-€85,924
Cash 2025
€80,881
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,015,605 | €978,295 | -€37,311 | -3.7% |
| Fixed assets | 21/28 | €718,293 | €802,691 | +€84,398 | +11.7% |
| Tangible fixed assets | 22/27 | €698,293 | €782,691 | +€84,398 | +12.1% |
| Land and buildings | 22 | €66,040 | €744,676 | +€678,636 | +1,028% |
| Plant, machinery and equipment | 23 | €1,272 | €18,676 | +€17,404 | +1,369% |
| Furniture and vehicles | 24 | €15,110 | €11,976 | -€3,134 | -20.7% |
| Other tangible fixed assets | 26 | €8,368 | €7,363 | -€1,004 | -12.0% |
| Assets under construction and advance payments | 27 | €607,504 | €0 | -€607,504 | -100% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €297,312 | €175,604 | -€121,708 | -40.9% |
| Amounts receivable after more than one year | 29 | €16,000 | €0 | -€16,000 | -100% |
| Other amounts receivable | 291 | €16,000 | €0 | -€16,000 | -100% |
| Amounts receivable within one year | 40/41 | €32,426 | €38,136 | +€5,710 | +17.6% |
| Trade receivables | 40 | €13,141 | €16,041 | +€2,900 | +22.1% |
| Other amounts receivable | 41 | €19,285 | €22,094 | +€2,810 | +14.6% |
| Current investments | 50/53 | €64,982 | €54,973 | -€10,008 | -15.4% |
| Cash at bank and in hand | 54/58 | €182,545 | €80,881 | -€101,664 | -55.7% |
| Deferred charges and accrued income | 490/1 | €1,360 | €1,614 | +€254 | +18.7% |
| Total equity and liabilities | 10/49 | €1,015,605 | €978,295 | -€37,311 | -3.7% |
| Equity | 10/15 | €336,997 | €255,267 | -€81,730 | -24.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,397 | €236,667 | -€81,730 | -25.7% |
| 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 | €316,537 | €234,807 | -€81,730 | -25.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €678,609 | €723,028 | +€44,419 | +6.5% |
| Amounts payable after more than one year | 17 | €639,221 | €605,310 | -€33,911 | -5.3% |
| Financial debts | 170/4 | €639,221 | €605,310 | -€33,911 | -5.3% |
| Amounts payable within one year | 42/48 | €39,388 | €117,718 | +€78,330 | +199% |
| Current portion of amounts payable after more than one year | 42 | €24,554 | €33,911 | +€9,357 | +38.1% |
| Trade debts | 44 | €7,846 | €1,641 | -€6,204 | -79.1% |
| Suppliers | 440/4 | €7,846 | €1,641 | -€6,204 | -79.1% |
| Taxes, remuneration and social security | 45 | €0 | €3,482 | +€3,482 | |
| Taxes | 450/3 | €0 | €3,482 | +€3,482 | |
| Other amounts payable | 47/48 | €6,988 | €78,684 | +€71,695 | +1,026% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,428 | €25,643 | +€16,215 | +172% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,179 | €873 | -€2,305 | -72.5% |
| Non-recurring operating charges | 66A | - | €6,818 | +€6,818 | |
| Gross operating margin | 9900 | €2,768 | €65,617 | +€62,849 | +2,271% |
| Operating profit (loss) | 9901 | -€9,839 | €32,284 | +€42,122 | |
| Financial income | 75/76B | €3,541 | €380 | -€3,161 | -89.3% |
| Recurring financial income | 75 | €3,541 | €380 | -€3,161 | -89.3% |
| Financial charges | 65/66B | €14,579 | €28,450 | +€13,872 | +95.2% |
| Recurring financial charges | 65 | €14,579 | €28,450 | +€13,872 | +95.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,876 | €4,214 | +€25,090 | |
| Income taxes | 67/77 | -€0 | €20 | +€20 | |
| Profit (loss) for the period | 9904 | -€20,876 | €4,194 | +€25,070 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,876 | €4,194 | +€25,070 |
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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 3 November 2026 via checked.be.