ARTETEO: what changed
ARTETEO
Largest movements
- Receivables within one year +€5,214
up €5,214 (+6.7%), from €78,211 to €83,425
of which Other amounts receivable: +€7,501
- Cash -€1,474
down €1,474 (-99.9%), from €1,476 to €2
mainly Trade debts (-€26,660) and Investment in fixed assets (net) (-€7,418)
- Tangible fixed assets +€1,162
up €1,162 (+4.6%), from €25,450 to €26,612
of which Plant, machinery and equipment: +€3,971
- Trade debts -€26,660
down €26,660 (-70.0%), from €38,082 to €11,422
- Other debts +€17,500
new in 2024: €17,500
- Advances received +€13,204
new in 2024: €13,204
- Debts after one year -€4,296
down €4,296 (-14.6%), from €29,514 to €25,218
- Current portion of long-term debt +€2,191
up €2,191 (+37.0%), from €5,915 to €8,106
- Gross operating margin -€26,450
down €26,450 (-54.7%), from €48,317 to €21,867
- Staff costs -€16,395
down €16,395 (-69.9%), from €23,439 to €7,044
- Depreciation +€6,065
up €6,065 (+3,179%), from €191 to €6,256
- Taxes -€4,363
down €4,363 (-78.1%), from €5,586 to €1,223
- Financial charges +€2,959
up €2,959 (+330%), from €895 to €3,854
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,137 | €110,539 | +€5,402 | +5.1% |
| Fixed assets | 21/28 | €25,450 | €26,612 | +€1,162 | +4.6% |
| Tangible fixed assets | 22/27 | €25,450 | €26,612 | +€1,162 | +4.6% |
| Plant, machinery and equipment | 23 | - | €3,971 | +€3,971 | |
| Furniture and vehicles | 24 | €25,450 | €22,641 | -€2,808 | -11.0% |
| Current assets | 29/58 | €79,687 | €83,927 | +€4,240 | +5.3% |
| Amounts receivable within one year | 40/41 | €78,211 | €83,425 | +€5,214 | +6.7% |
| Trade receivables | 40 | €13,199 | €10,913 | -€2,287 | -17.3% |
| Other amounts receivable | 41 | €65,012 | €72,513 | +€7,501 | +11.5% |
| Cash at bank and in hand | 54/58 | €1,476 | €2 | -€1,474 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €105,137 | €110,539 | +€5,402 | +5.1% |
| Equity | 10/15 | €21,248 | €22,779 | +€1,530 | +7.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,248 | €19,779 | +€1,530 | +8.4% |
| Amounts payable | 17/49 | €83,888 | €87,760 | +€3,872 | +4.6% |
| Amounts payable after more than one year | 17 | €29,514 | €25,218 | -€4,296 | -14.6% |
| Financial debts | 170/4 | €29,514 | €25,218 | -€4,296 | -14.6% |
| Amounts payable within one year | 42/48 | €54,374 | €62,542 | +€8,168 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €5,915 | €8,106 | +€2,191 | +37.0% |
| Financial debts | 43 | - | €941 | +€941 | |
| Credit institutions | 430/8 | - | €941 | +€941 | |
| Trade debts | 44 | €38,082 | €11,422 | -€26,660 | -70.0% |
| Suppliers | 440/4 | €38,082 | €11,422 | -€26,660 | -70.0% |
| Advances received on contracts in progress | 46 | - | €13,204 | +€13,204 | |
| Taxes, remuneration and social security | 45 | €10,377 | €11,368 | +€991 | +9.6% |
| Taxes | 450/3 | €9,777 | €10,965 | +€1,188 | +12.2% |
| Remuneration and social security | 454/9 | €600 | €403 | -€197 | -32.8% |
| Other amounts payable | 47/48 | - | €17,500 | +€17,500 | |
| Remuneration, social security and pensions | 62 | €23,439 | €7,044 | -€16,395 | -69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €6,256 | +€6,065 | +3,179% |
| Other operating charges | 640/8 | €1,355 | €1,961 | +€606 | +44.7% |
| Gross operating margin | 9900 | €48,317 | €21,867 | -€26,450 | -54.7% |
| Operating profit (loss) | 9901 | €23,332 | €6,606 | -€16,726 | -71.7% |
| Financial income | 75/76B | €1,398 | €2 | -€1,395 | -99.8% |
| Recurring financial income | 75 | €1,398 | €2 | -€1,395 | -99.8% |
| Financial charges | 65/66B | €895 | €3,854 | +€2,959 | +330% |
| Recurring financial charges | 65 | €895 | €3,854 | +€2,959 | +330% |
| Profit (loss) for the period before taxes | 9903 | €23,834 | €2,754 | -€21,081 | -88.4% |
| Income taxes | 67/77 | €5,586 | €1,223 | -€4,363 | -78.1% |
| Profit (loss) for the period | 9904 | €18,248 | €1,530 | -€16,718 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,248 | €1,530 | -€16,718 | -91.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.