ARTENOA MANAGEMENT & ENGINEERING: 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.
ARTENOA MANAGEMENT & ENGINEERING
Largest movements
- Tangible fixed assets -€43,900
down €43,900 (-21.9%), from €200,539 to €156,640
of which Leasing and similar rights: -€41,497
- Receivables within one year -€20,930
down €20,930 (-7.5%), from €278,689 to €257,759
- Financial fixed assets +€14,200
up €14,200 (+77.2%), from €18,398 to €32,598
- Debts after one year -€43,057
down €43,057 (-30.6%), from €140,591 to €97,534
- Other debts -€12,341
down €12,341 (-27.1%), from €45,563 to €33,222
- Profit (loss) carried forward +€7,289
up €7,289 (+15.4%), from -€47,452 to -€40,163
- Tax, wage and social debts +€6,286
up €6,286 (+4.6%), from €137,436 to €143,721
of which Taxes: +€4,951
- Gross operating margin +€163,846
up €163,846 (+36.8%), from €445,559 to €609,406
- Staff costs +€97,912
up €97,912 (+24.8%), from €394,562 to €492,474
- Financial charges +€14,310
up €14,310 (+104.7%), from €13,668 to €27,977
- Financial income -€6,982
down €6,982 (-72.3%), from €9,658 to €2,677
- Depreciation -€6,910
down €6,910 (-10.3%), from €66,798 to €59,888
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,615 | €464,290 | -€54,326 | -10.5% |
| Fixed assets | 21/28 | €218,937 | €189,238 | -€29,700 | -13.6% |
| Tangible fixed assets | 22/27 | €200,539 | €156,640 | -€43,900 | -21.9% |
| Plant, machinery and equipment | 23 | €1,244 | €375 | -€870 | -69.9% |
| Furniture and vehicles | 24 | €18,361 | €16,827 | -€1,533 | -8.4% |
| Leasing and similar rights | 25 | €180,935 | €139,438 | -€41,497 | -22.9% |
| Financial fixed assets | 28 | €18,398 | €32,598 | +€14,200 | +77.2% |
| Current assets | 29/58 | €299,678 | €275,052 | -€24,626 | -8.2% |
| Stocks and contracts in progress | 3 | €17,536 | €15,869 | -€1,667 | -9.5% |
| Stocks | 30/36 | €17,536 | €15,869 | -€1,667 | -9.5% |
| Amounts receivable within one year | 40/41 | €278,689 | €257,759 | -€20,930 | -7.5% |
| Trade receivables | 40 | €278,689 | €257,759 | -€20,930 | -7.5% |
| Deferred charges and accrued income | 490/1 | €3,453 | €1,424 | -€2,029 | -58.8% |
| Total equity and liabilities | 10/49 | €518,615 | €464,290 | -€54,326 | -10.5% |
| Equity | 10/15 | -€37,452 | -€30,163 | +€7,289 | +19.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,452 | -€40,163 | +€7,289 | +15.4% |
| Amounts payable | 17/49 | €556,067 | €494,452 | -€61,615 | -11.1% |
| Amounts payable after more than one year | 17 | €140,591 | €97,534 | -€43,057 | -30.6% |
| Financial debts | 170/4 | €140,591 | €97,534 | -€43,057 | -30.6% |
| Amounts payable within one year | 42/48 | €415,476 | €396,918 | -€18,558 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €56,570 | €52,774 | -€3,795 | -6.7% |
| Financial debts | 43 | €80,803 | €76,995 | -€3,808 | -4.7% |
| Credit institutions | 430/8 | €10,803 | €6,995 | -€3,808 | -35.2% |
| Other loans | 439 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €95,105 | €90,205 | -€4,900 | -5.2% |
| Suppliers | 440/4 | €95,105 | €90,205 | -€4,900 | -5.2% |
| Taxes, remuneration and social security | 45 | €137,436 | €143,721 | +€6,286 | +4.6% |
| Taxes | 450/3 | €96,834 | €101,785 | +€4,951 | +5.1% |
| Remuneration and social security | 454/9 | €40,602 | €41,936 | +€1,335 | +3.3% |
| Other amounts payable | 47/48 | €45,563 | €33,222 | -€12,341 | -27.1% |
| Remuneration, social security and pensions | 62 | €394,562 | €492,474 | +€97,912 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,798 | €59,888 | -€6,910 | -10.3% |
| Other operating charges | 640/8 | €16,592 | €14,163 | -€2,429 | -14.6% |
| Non-recurring operating charges | 66A | - | €9,989 | +€9,989 | |
| Gross operating margin | 9900 | €445,559 | €609,406 | +€163,846 | +36.8% |
| Operating profit (loss) | 9901 | -€32,392 | €32,892 | +€65,284 | |
| Financial income | 75/76B | €9,658 | €2,677 | -€6,982 | -72.3% |
| Recurring financial income | 75 | €9,658 | €2,677 | -€6,982 | -72.3% |
| Financial charges | 65/66B | €13,668 | €27,977 | +€14,310 | +104.7% |
| Recurring financial charges | 65 | €13,668 | €27,977 | +€14,310 | +104.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,401 | €7,592 | +€43,993 | |
| Income taxes | 67/77 | €626 | €303 | -€324 | -51.7% |
| Profit (loss) for the period | 9904 | -€37,028 | €7,289 | +€44,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,028 | €7,289 | +€44,317 |
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 11 October 2026 via checked.be.