ARTELIA BELGIUM: what changed
What changed
ARTELIA BELGIUM
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€57,549
2024 · €29,570+€27,979
Equity
€76,628
2024 · €19,079+€57,549
Cash
€202,117
2024 · €140,729+€61,388
Balance sheet total
€282,225
2024 · €212,577+€69,649
Largest movements
Assets
- Cash +€61,388
up €61,388 (+43.6%), from €140,729 to €202,117
mainly Net result for the year (+€57,549) and Tax, wage and social debts (+€33,691)
- Receivables within one year +€16,029
up €16,029 (+26.8%), from €59,847 to €75,876
of which Trade receivables: +€13,368
- Deferred charges and accrued income -€4,354
down €4,354 (-95.8%), from €4,547 to €193
- Stocks and contracts -€2,960
down €2,960 (-100%), from €2,960 to €0
Equity and liabilities
- Profit (loss) carried forward +€57,549
up €57,549, from -€50,457 to €7,092
- Tax, wage and social debts +€33,691
up €33,691 (+51.9%), from €64,880 to €98,571
of which Taxes: +€30,382
- Trade debts -€22,794
down €22,794 (-29.0%), from €78,501 to €55,706
Income statement
- Staff costs -€86,774
down €86,774 (-23.3%), from €372,152 to €285,378
- Gross operating margin -€50,816
down €50,816 (-12.5%), from €405,868 to €355,052
- Taxes +€9,471
up €9,471 (+3,261%), from €290 to €9,762
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
€29,570
Gross operating margin
-€50,816
Staff costs
+€86,774
Depreciation
+€208
Financial income
+€31
Financial charges
+€1,253
Taxes
-€9,471
Result 2025
€57,549
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
+€61,517
Investment
-€12
Financing
-€117
Cash 2024
€140,729
From operations (derived)
+€61,517
Net result for the year
+€57,549
Depreciation
+€467
Stocks and contracts
+€2,960
Receivables within one year
-€16,029
Deferred charges and accrued income
+€4,354
Trade debts
-€22,794
Tax, wage and social debts
+€33,691
Advances received
+€1,320
Investment (derived)
-€12
Investment in fixed assets (net)
-€12
Financing
-€117
Debts after one year
-€117
Cash 2025
€202,117
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,577 | €282,225 | +€69,649 | +32.8% |
| Fixed assets | 21/28 | €4,495 | €4,040 | -€455 | -10.1% |
| Tangible fixed assets | 22/27 | €2,178 | €1,711 | -€467 | -21.5% |
| Plant, machinery and equipment | 23 | €2,178 | €1,711 | -€467 | -21.5% |
| Financial fixed assets | 28 | €2,317 | €2,329 | +€12 | +0.5% |
| Current assets | 29/58 | €208,082 | €278,186 | +€70,104 | +33.7% |
| Stocks and contracts in progress | 3 | €2,960 | €0 | -€2,960 | -100% |
| Contracts in progress | 37 | €2,960 | €0 | -€2,960 | -100% |
| Amounts receivable within one year | 40/41 | €59,847 | €75,876 | +€16,029 | +26.8% |
| Trade receivables | 40 | €59,847 | €73,215 | +€13,368 | +22.3% |
| Other amounts receivable | 41 | - | €2,661 | +€2,661 | |
| Cash at bank and in hand | 54/58 | €140,729 | €202,117 | +€61,388 | +43.6% |
| Deferred charges and accrued income | 490/1 | €4,547 | €193 | -€4,354 | -95.8% |
| Total equity and liabilities | 10/49 | €212,577 | €282,225 | +€69,649 | +32.8% |
| Equity | 10/15 | €19,079 | €76,628 | +€57,549 | +302% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €7,036 | €7,036 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,036 | €7,036 | = | 0.0% |
| Legal reserve | 130 | €7,036 | €7,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,457 | €7,092 | +€57,549 | |
| Amounts payable | 17/49 | €193,498 | €205,597 | +€12,100 | +6.3% |
| Amounts payable after more than one year | 17 | €50,117 | €50,000 | -€117 | -0.2% |
| Financial debts | 170/4 | €50,117 | €50,000 | -€117 | -0.2% |
| Amounts payable within one year | 42/48 | €143,381 | €155,597 | +€12,216 | +8.5% |
| Trade debts | 44 | €78,501 | €55,706 | -€22,794 | -29.0% |
| Suppliers | 440/4 | €78,501 | €55,706 | -€22,794 | -29.0% |
| Advances received on contracts in progress | 46 | - | €1,320 | +€1,320 | |
| Taxes, remuneration and social security | 45 | €64,880 | €98,571 | +€33,691 | +51.9% |
| Taxes | 450/3 | €24,872 | €55,254 | +€30,382 | +122% |
| Remuneration and social security | 454/9 | €40,008 | €43,317 | +€3,309 | +8.3% |
| Remuneration, social security and pensions | 62 | €372,152 | €285,378 | -€86,774 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | €467 | -€208 | -30.7% |
| Other operating charges | 640/8 | €80 | €80 | = | 0.0% |
| Gross operating margin | 9900 | €405,868 | €355,052 | -€50,816 | -12.5% |
| Operating profit (loss) | 9901 | €32,961 | €69,126 | +€36,166 | +110% |
| Financial income | 75/76B | €181 | €212 | +€31 | +17.3% |
| Recurring financial income | 75 | €181 | €212 | +€31 | +17.3% |
| Financial charges | 65/66B | €3,281 | €2,028 | -€1,253 | -38.2% |
| Recurring financial charges | 65 | €3,281 | €2,028 | -€1,253 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €29,860 | €67,311 | +€37,450 | +125% |
| Income taxes | 67/77 | €290 | €9,762 | +€9,471 | +3,261% |
| Profit (loss) for the period | 9904 | €29,570 | €57,549 | +€27,979 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,570 | €57,549 | +€27,979 | +94.6% |
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 3 November 2026 via checked.be.