ARTIM: 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.
ARTIM
Largest movements
- Tangible fixed assets -€34,581
down €34,581 (-6.1%), from €568,912 to €534,331
of which Land and buildings: -€32,179
- Receivables within one year +€13,765
up €13,765 (+157.1%), from €8,764 to €22,529
of which Other amounts receivable: +€14,645
- Debts after one year -€25,898
down €25,898 (-22.0%), from €117,936 to €92,038
- Other debts +€12,492
up €12,492 (+62.4%), from €20,024 to €32,516
- Gross operating margin -€65,698
down €65,698 (-59.2%), from €111,014 to €45,316
- Taxes -€19,843
down €19,843 (-95.5%), from €20,784 to €941
- Other operating charges +€2,852
up €2,852 (+28.0%), from €10,194 to €13,046
- Financial charges -€1,801
down €1,801 (-29.2%), from €6,157 to €4,357
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
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 | €952,061 | €922,215 | -€29,846 | -3.1% |
| Fixed assets | 21/28 | €568,912 | €534,331 | -€34,581 | -6.1% |
| Tangible fixed assets | 22/27 | €568,912 | €534,331 | -€34,581 | -6.1% |
| Land and buildings | 22 | €549,208 | €517,029 | -€32,179 | -5.9% |
| Other tangible fixed assets | 26 | €19,704 | €17,301 | -€2,402 | -12.2% |
| Current assets | 29/58 | €383,149 | €387,884 | +€4,735 | +1.2% |
| Amounts receivable within one year | 40/41 | €8,764 | €22,529 | +€13,765 | +157.1% |
| Trade receivables | 40 | €4,300 | €3,420 | -€880 | -20.5% |
| Other amounts receivable | 41 | €4,464 | €19,109 | +€14,645 | +328.1% |
| Current investments | 50/53 | €53,060 | €53,060 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €321,197 | €312,166 | -€9,030 | -2.8% |
| Deferred charges and accrued income | 490/1 | €128 | €128 | = | 0.0% |
| Total equity and liabilities | 10/49 | €952,061 | €922,215 | -€29,846 | -3.1% |
| Equity | 10/15 | €759,991 | €752,382 | -€7,609 | -1.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | - | €61,973 | +€61,973 | |
| Issued capital | 100 | - | €61,973 | +€61,973 | |
| Reserves | 13 | €698,017 | €690,408 | -€7,609 | -1.1% |
| Non-distributable reserves | 130/1 | €11,540 | €11,540 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,540 | €11,540 | = | 0.0% |
| Distributable reserves | 133 | €686,477 | €678,868 | -€7,609 | -1.1% |
| Amounts payable | 17/49 | €192,070 | €169,833 | -€22,237 | -11.6% |
| Amounts payable after more than one year | 17 | €117,936 | €92,038 | -€25,898 | -22.0% |
| Financial debts | 170/4 | €117,936 | €92,038 | -€25,898 | -22.0% |
| Amounts payable within one year | 42/48 | €71,062 | €72,864 | +€1,801 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €25,442 | €25,898 | +€456 | +1.8% |
| Trade debts | 44 | €7,836 | €3,414 | -€4,422 | -56.4% |
| Suppliers | 440/4 | €7,836 | €3,414 | -€4,422 | -56.4% |
| Taxes, remuneration and social security | 45 | €17,762 | €11,036 | -€6,725 | -37.9% |
| Taxes | 450/3 | €17,762 | €11,036 | -€6,725 | -37.9% |
| Other amounts payable | 47/48 | €20,024 | €32,516 | +€12,492 | +62.4% |
| Accrued charges and deferred income | 492/3 | €3,072 | €4,932 | +€1,860 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,916 | €34,581 | +€665 | +2.0% |
| Other operating charges | 640/8 | €10,194 | €13,046 | +€2,852 | +28.0% |
| Gross operating margin | 9900 | €111,014 | €45,316 | -€65,698 | -59.2% |
| Operating profit (loss) | 9901 | €66,904 | -€2,311 | -€69,215 | |
| Financial charges | 65/66B | €6,157 | €4,357 | -€1,801 | -29.2% |
| Recurring financial charges | 65 | €6,157 | €4,357 | -€1,801 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €60,746 | -€6,668 | -€67,414 | |
| Income taxes | 67/77 | €20,784 | €941 | -€19,843 | -95.5% |
| Profit (loss) for the period | 9904 | €39,962 | -€7,609 | -€47,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,962 | -€7,609 | -€47,571 |
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 12 October 2026 via checked.be.