Artesio: what changed
What changed
Artesio
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€130,766
2024 · €207,118-€76,352
Equity
€2.6m
2024 · €2.5m+€130,766
Cash
€263,082
2024 · €211,332+€51,751
Balance sheet total
€4.2m
2024 · €5.3m-€1.1m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-42.0%), from €3.9m to €2.3m
of which Trade receivables: -€1.4m
- Stocks and contracts +€558,337
up €558,337 (+79.4%), from €703,281 to €1.3m
of which Contracts in progress: +€558,337
- Tangible fixed assets -€99,332
down €99,332 (-28.7%), from €346,270 to €246,938
of which Furniture and vehicles: -€79,178
Equity and liabilities
- Trade debts -€866,921
down €866,921 (-61.6%), from €1.4m to €540,664
- Short-term financial debts -€369,449
down €369,449 (-53.9%), from €685,929 to €316,480
- Debts after one year +€299,781
up €299,781 (+142%), from €211,251 to €511,032
of which Financial debts: +€350,044
- Other debts -€263,711
down €263,711 (-99.2%), from €265,895 to €2,184
- Reserves +€130,766
up €130,766 (+5.7%), from €2.3m to €2.4m
of which Distributable reserves: +€130,766
Income statement
- Gross operating margin -€258,011
down €258,011 (-20.3%), from €1.3m to €1.0m
- Staff costs -€175,061
down €175,061 (-20.7%), from €846,355 to €671,293
- Financial income -€46,617
down €46,617 (-91.1%), from €51,189 to €4,572
- Taxes -€29,467
down €29,467 (-36.0%), from €81,755 to €52,288
- Other operating charges -€26,451
down €26,451 (-69.0%), from €38,323 to €11,871
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
€207,118
Gross operating margin
-€258,011
Staff costs
+€175,061
Depreciation
+€13,011
Other operating charges
+€26,451
Other operating items
+€290
Financial income
-€46,617
Financial charges
-€16,004
Taxes
+€29,467
Result 2025
€130,766
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
+€90,019
Investment
+€37,661
Financing
-€75,929
Cash 2024
€211,332
From operations (derived)
+€90,019
Net result for the year
+€130,766
Depreciation
+€70,593
Stocks and contracts
-€558,337
Receivables within one year
+€1.6m
Deferred charges and accrued income
-€34,521
Trade debts
-€866,921
Tax, wage and social debts
-€1,294
Advances received
-€18,795
Other debts
-€263,711
Investment (derived)
+€37,661
Investment in fixed assets (net)
+€37,661
Financing
-€75,929
Debts after one year
+€299,781
Current portion of long-term debt
-€6,261
Short-term financial debts
-€369,449
Cash 2025
€263,082
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,271,704 | €4,175,820 | -€1.1m | -20.8% |
| Fixed assets | 21/28 | €398,031 | €289,777 | -€108,254 | -27.2% |
| Tangible fixed assets | 22/27 | €346,270 | €246,938 | -€99,332 | -28.7% |
| Land and buildings | 22 | €47,556 | €42,409 | -€5,146 | -10.8% |
| Plant, machinery and equipment | 23 | €29,827 | €14,820 | -€15,008 | -50.3% |
| Furniture and vehicles | 24 | €268,887 | €189,709 | -€79,178 | -29.4% |
| Financial fixed assets | 28 | €51,762 | €42,840 | -€8,922 | -17.2% |
| Current assets | 29/58 | €4,873,672 | €3,886,043 | -€987,630 | -20.3% |
| Stocks and contracts in progress | 3 | €703,281 | €1,261,619 | +€558,337 | +79.4% |
| Stocks | 30/36 | €540,013 | €540,013 | = | 0.0% |
| Contracts in progress | 37 | €163,268 | €721,606 | +€558,337 | +342% |
| Amounts receivable within one year | 40/41 | €3,884,592 | €2,252,353 | -€1.6m | -42.0% |
| Trade receivables | 40 | €1,856,819 | €440,429 | -€1.4m | -76.3% |
| Other amounts receivable | 41 | €2,027,773 | €1,811,924 | -€215,849 | -10.6% |
| Cash at bank and in hand | 54/58 | €211,332 | €263,082 | +€51,751 | +24.5% |
| Deferred charges and accrued income | 490/1 | €74,467 | €108,989 | +€34,521 | +46.4% |
| Total equity and liabilities | 10/49 | €5,271,704 | €4,175,820 | -€1.1m | -20.8% |
| Equity | 10/15 | €2,505,988 | €2,636,754 | +€130,766 | +5.2% |
| Contributions | 10/11 | €199,958 | €199,958 | = | 0.0% |
| Capital | 10 | €155,500 | €155,500 | = | 0.0% |
| Issued capital | 100 | €155,500 | €155,500 | = | 0.0% |
| Contributions outside capital | 11 | €44,458 | €44,458 | = | 0.0% |
| Share premium | 1100/10 | €44,458 | €44,458 | = | 0.0% |
| Reserves | 13 | €2,306,030 | €2,436,796 | +€130,766 | +5.7% |
| Non-distributable reserves | 130/1 | €15,550 | €15,550 | = | 0.0% |
| Legal reserve | 130 | €15,550 | €15,550 | = | 0.0% |
| Distributable reserves | 133 | €2,290,480 | €2,421,246 | +€130,766 | +5.7% |
| Amounts payable | 17/49 | €2,765,716 | €1,539,065 | -€1.2m | -44.4% |
| Amounts payable after more than one year | 17 | €211,251 | €511,032 | +€299,781 | +142% |
| Financial debts | 170/4 | €160,989 | €511,032 | +€350,044 | +217% |
| Advances received on contracts in progress | 176 | €50,263 | - | -€50,263 | |
| Amounts payable within one year | 42/48 | €2,554,464 | €1,028,033 | -€1.5m | -59.8% |
| Current portion of amounts payable after more than one year | 42 | €108,909 | €102,648 | -€6,261 | -5.7% |
| Financial debts | 43 | €685,929 | €316,480 | -€369,449 | -53.9% |
| Credit institutions | 430/8 | €685,929 | €316,480 | -€369,449 | -53.9% |
| Trade debts | 44 | €1,407,585 | €540,664 | -€866,921 | -61.6% |
| Suppliers | 440/4 | €1,407,585 | €540,664 | -€866,921 | -61.6% |
| Advances received on contracts in progress | 46 | €18,795 | - | -€18,795 | |
| Taxes, remuneration and social security | 45 | €67,351 | €66,058 | -€1,294 | -1.9% |
| Taxes | 450/3 | €31,755 | €38,498 | +€6,743 | +21.2% |
| Remuneration and social security | 454/9 | €35,597 | €27,560 | -€8,037 | -22.6% |
| Other amounts payable | 47/48 | €265,895 | €2,184 | -€263,711 | -99.2% |
| Non-recurring operating income | 76A | €7,851 | €130,255 | +€122,404 | +1,559% |
| Remuneration, social security and pensions | 62 | €846,355 | €671,293 | -€175,061 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,605 | €70,593 | -€13,011 | -15.6% |
| Other operating charges | 640/8 | €38,323 | €11,871 | -€26,451 | -69.0% |
| Non-recurring operating charges | 66A | €14,189 | €13,899 | -€290 | -2.0% |
| Gross operating margin | 9900 | €1,270,610 | €1,012,599 | -€258,011 | -20.3% |
| Operating profit (loss) | 9901 | €288,139 | €244,942 | -€43,197 | -15.0% |
| Financial income | 75/76B | €51,189 | €4,572 | -€46,617 | -91.1% |
| Recurring financial income | 75 | €51,189 | €4,572 | -€46,617 | -91.1% |
| Financial charges | 65/66B | €50,455 | €66,460 | +€16,004 | +31.7% |
| Recurring financial charges | 65 | €50,455 | €66,460 | +€16,004 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €288,873 | €183,054 | -€105,819 | -36.6% |
| Income taxes | 67/77 | €81,755 | €52,288 | -€29,467 | -36.0% |
| Profit (loss) for the period | 9904 | €207,118 | €130,766 | -€76,352 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €207,118 | €130,766 | -€76,352 | -36.9% |
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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 7 November 2026 via checked.be.