ARTEGA Management: what changed
What changed
ARTEGA Management
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€29,140
2024 · -€28,505-€635
Equity
-€14,426
2024 · €14,714-€29,140
Cash
€917
2024 · €1,737-€820
Balance sheet total
€174,947
2024 · €197,463-€22,516
Largest movements
Assets
- Tangible fixed assets -€20,929
down €20,929 (-11.7%), from €178,249 to €157,320
of which Furniture and vehicles: -€14,853
Equity and liabilities
- Debts after one year -€137,927
down €137,927 (-99.4%), from €138,786 to €860
- Current portion of long-term debt +€123,579
up €123,579 (+861%), from €14,347 to €137,927
- Profit (loss) carried forward -€29,140
down €29,140 (-68.1%), from -€42,806 to -€71,946
- Other debts +€19,718
up €19,718 (+87.9%), from €22,439 to €42,157
Income statement
- Depreciation +€1,160
up €1,160 (+4.7%), from €24,902 to €26,063
- Gross operating margin +€460
up €460, from -€215 to €245
- Other operating charges -€108
down €108 (-11.7%), from €921 to €814
- Taxes +€43
up €43 (+27.3%), from €158 to €201
- Financial income +€26
up €26 (+130,000%), from €0 to €26
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
-€28,505
Gross operating margin
+€460
Depreciation
-€1,160
Other operating charges
+€108
Financial income
+€26
Financial charges
-€26
Taxes
-€43
Result 2025
-€29,140
raises the resultlowers the result
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
+€18,661
Investment
-€5,133
Financing
-€14,347
Cash 2024
€1,737
From operations (derived)
+€18,661
Net result for the year
-€29,140
Depreciation
+€26,063
Receivables within one year
+€1,687
Deferred charges and accrued income
-€920
Trade debts
+€611
Tax, wage and social debts
-€917
Other debts
+€19,718
Accrued charges and deferred income
+€1,560
Investment (derived)
-€5,133
Investment in fixed assets (net)
-€5,133
Financing
-€14,347
Debts after one year
-€137,927
Current portion of long-term debt
+€123,579
Cash 2025
€917
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,463 | €174,947 | -€22,516 | -11.4% |
| Fixed assets | 21/28 | €178,249 | €157,320 | -€20,929 | -11.7% |
| Tangible fixed assets | 22/27 | €178,249 | €157,320 | -€20,929 | -11.7% |
| Plant, machinery and equipment | 23 | €134,815 | €130,172 | -€4,642 | -3.4% |
| Furniture and vehicles | 24 | €35,601 | €20,748 | -€14,853 | -41.7% |
| Other tangible fixed assets | 26 | €7,834 | €6,400 | -€1,434 | -18.3% |
| Current assets | 29/58 | €19,214 | €17,627 | -€1,586 | -8.3% |
| Amounts receivable within one year | 40/41 | €6,982 | €5,295 | -€1,687 | -24.2% |
| Trade receivables | 40 | €3,530 | €5,203 | +€1,673 | +47.4% |
| Other amounts receivable | 41 | €3,452 | €92 | -€3,360 | -97.3% |
| Cash at bank and in hand | 54/58 | €1,737 | €917 | -€820 | -47.2% |
| Deferred charges and accrued income | 490/1 | €10,495 | €11,415 | +€920 | +8.8% |
| Total equity and liabilities | 10/49 | €197,463 | €174,947 | -€22,516 | -11.4% |
| Equity | 10/15 | €14,714 | -€14,426 | -€29,140 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,120 | €45,120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,200 | €1,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,200 | €1,200 | = | 0.0% |
| Distributable reserves | 133 | €43,920 | €43,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,806 | -€71,946 | -€29,140 | -68.1% |
| Amounts payable | 17/49 | €182,749 | €189,374 | +€6,624 | +3.6% |
| Amounts payable after more than one year | 17 | €138,786 | €860 | -€137,927 | -99.4% |
| Financial debts | 170/4 | €138,786 | €860 | -€137,927 | -99.4% |
| Amounts payable within one year | 42/48 | €38,044 | €181,035 | +€142,991 | +376% |
| Current portion of amounts payable after more than one year | 42 | €14,347 | €137,927 | +€123,579 | +861% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €611 | +€611 | |
| Suppliers | 440/4 | €0 | €611 | +€611 | |
| Taxes, remuneration and social security | 45 | €1,258 | €341 | -€917 | -72.9% |
| Taxes | 450/3 | €1,258 | €341 | -€917 | -72.9% |
| Other amounts payable | 47/48 | €22,439 | €42,157 | +€19,718 | +87.9% |
| Accrued charges and deferred income | 492/3 | €5,919 | €7,479 | +€1,560 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,902 | €26,063 | +€1,160 | +4.7% |
| Other operating charges | 640/8 | €921 | €814 | -€108 | -11.7% |
| Gross operating margin | 9900 | -€215 | €245 | +€460 | |
| Operating profit (loss) | 9901 | -€26,039 | -€26,631 | -€592 | -2.3% |
| Financial income | 75/76B | €0 | €26 | +€26 | +130,000% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +130,000% |
| Financial charges | 65/66B | €2,308 | €2,334 | +€26 | +1.1% |
| Recurring financial charges | 65 | €2,308 | €2,334 | +€26 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€28,347 | -€28,939 | -€592 | -2.1% |
| Income taxes | 67/77 | €158 | €201 | +€43 | +27.3% |
| Profit (loss) for the period | 9904 | -€28,505 | -€29,140 | -€635 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,505 | -€29,140 | -€635 | -2.2% |
Next steps
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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.