ARTESI ARCHITECTEN: 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.
ARTESI ARCHITECTEN
Largest movements
- Cash +€96,596
up €96,596 (+253%), from €38,232 to €134,828
mainly Current investments (+€82,291) and Net result for the year (+€48,483)
- Current investments -€82,291
down €82,291 (-18.7%), from €441,100 to €358,808
- Tangible fixed assets -€25,522
down €25,522 (-8.8%), from €290,967 to €265,445
of which Furniture and vehicles: -€21,715
- Receivables within one year -€18,555
down €18,555 (-33.1%), from €56,100 to €37,545
of which Other amounts receivable: -€16,520
- Other debts -€14,939
down €14,939 (-20.0%), from €74,634 to €59,695
- Reserves -€11,213
down €11,213 (-1.5%), from €742,480 to €731,267
of which Distributable reserves: -€11,213
- Gross operating margin +€39,346
up €39,346 (+74.5%), from €52,780 to €92,126
- Depreciation -€11,888
down €11,888 (-29.3%), from €40,534 to €28,646
- Taxes +€11,876
up €11,876 (+247%), from €4,801 to €16,677
- Financial charges -€1,841
down €1,841 (-26.3%), from -€6,991 to -€8,832
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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €837,167 | €804,688 | -€32,479 | -3.9% |
| Fixed assets | 21/28 | €290,967 | €265,445 | -€25,522 | -8.8% |
| Tangible fixed assets | 22/27 | €290,967 | €265,445 | -€25,522 | -8.8% |
| Land and buildings | 22 | €191,969 | €189,957 | -€2,012 | -1.0% |
| Plant, machinery and equipment | 23 | €2,102 | €306 | -€1,796 | -85.4% |
| Furniture and vehicles | 24 | €96,896 | €75,181 | -€21,715 | -22.4% |
| Current assets | 29/58 | €546,199 | €539,243 | -€6,957 | -1.3% |
| Amounts receivable within one year | 40/41 | €56,100 | €37,545 | -€18,555 | -33.1% |
| Trade receivables | 40 | €18,471 | €16,436 | -€2,036 | -11.0% |
| Other amounts receivable | 41 | €37,629 | €21,109 | -€16,520 | -43.9% |
| Current investments | 50/53 | €441,100 | €358,808 | -€82,291 | -18.7% |
| Cash at bank and in hand | 54/58 | €38,232 | €134,828 | +€96,596 | +253% |
| Deferred charges and accrued income | 490/1 | €10,767 | €8,062 | -€2,706 | -25.1% |
| Total equity and liabilities | 10/49 | €837,167 | €804,688 | -€32,479 | -3.9% |
| Equity | 10/15 | €750,205 | €738,992 | -€11,213 | -1.5% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €742,480 | €731,267 | -€11,213 | -1.5% |
| Tax-exempt reserves | 132 | €433,988 | €433,988 | = | 0.0% |
| Distributable reserves | 133 | €308,492 | €297,279 | -€11,213 | -3.6% |
| Profit (loss) carried forward | 14 | €120 | €120 | = | 0.0% |
| Amounts payable | 17/49 | €86,962 | €65,696 | -€21,266 | -24.5% |
| Amounts payable within one year | 42/48 | €86,962 | €65,696 | -€21,266 | -24.5% |
| Trade debts | 44 | €265 | €0 | -€265 | -100% |
| Suppliers | 440/4 | €265 | €0 | -€265 | -100% |
| Advances received on contracts in progress | 46 | €9,423 | €3,342 | -€6,081 | -64.5% |
| Taxes, remuneration and social security | 45 | €2,640 | €2,659 | +€18 | +0.7% |
| Taxes | 450/3 | €2,640 | €2,659 | +€18 | +0.7% |
| Other amounts payable | 47/48 | €74,634 | €59,695 | -€14,939 | -20.0% |
| Non-recurring operating income | 76A | €18,200 | €0 | -€18,200 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,534 | €28,646 | -€11,888 | -29.3% |
| Other operating charges | 640/8 | €10,510 | €11,342 | +€832 | +7.9% |
| Gross operating margin | 9900 | €52,780 | €92,126 | +€39,346 | +74.5% |
| Operating profit (loss) | 9901 | €1,737 | €52,138 | +€50,401 | +2,902% |
| Financial income | 75/76B | €3,338 | €4,190 | +€852 | +25.5% |
| Recurring financial income | 75 | €3,338 | €4,190 | +€852 | +25.5% |
| Financial charges | 65/66B | -€6,991 | -€8,832 | -€1,841 | -26.3% |
| Recurring financial charges | 65 | -€6,991 | -€8,832 | -€1,841 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €12,066 | €65,160 | +€53,094 | +440% |
| Income taxes | 67/77 | €4,801 | €16,677 | +€11,876 | +247% |
| Profit (loss) for the period | 9904 | €7,265 | €48,483 | +€41,218 | +567% |
| Profit (loss) for the period to be appropriated | 9905 | €7,265 | €48,483 | +€41,218 | +567% |
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 28 October 2026 via checked.be.