ARTIMA: what changed
Two fiscal 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.
ARTIMA
Largest movements
- Receivables within one year -€7,322
down €7,322 (-82.0%), from €8,926 to €1,604
of which Trade receivables: -€7,764
- Profit (loss) carried forward +€23,095
up €23,095 (+91.8%), from €25,171 to €48,265
- Other debts -€22,439
down €22,439 (-36.2%), from €62,051 to €39,612
- Gross operating margin +€5,891
up €5,891 (+10.8%), from €54,299 to €60,190
- Financial charges -€2,999
down €2,999 (-29.3%), from €10,223 to €7,224
- Depreciation +€2,940
up €2,940 (+15.2%), from €19,390 to €22,330
- Taxes +€633
up €633 (+12.1%), from €5,229 to €5,862
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 | €341,744 | €338,850 | -€2,894 | -0.8% |
| Fixed assets | 21/28 | €332,818 | €335,616 | +€2,797 | +0.8% |
| Tangible fixed assets | 22/27 | €332,818 | €335,616 | +€2,797 | +0.8% |
| Land and buildings | 22 | €330,587 | €334,128 | +€3,541 | +1.1% |
| Plant, machinery and equipment | 23 | €2,231 | €1,488 | -€744 | -33.3% |
| Current assets | 29/58 | €8,926 | €3,234 | -€5,692 | -63.8% |
| Amounts receivable within one year | 40/41 | €8,926 | €1,604 | -€7,322 | -82.0% |
| Trade receivables | 40 | €7,764 | - | -€7,764 | |
| Other amounts receivable | 41 | €1,162 | €1,604 | +€442 | +38.0% |
| Deferred charges and accrued income | 490/1 | - | €1,630 | +€1,630 | |
| Total equity and liabilities | 10/49 | €341,744 | €338,850 | -€2,894 | -0.8% |
| Equity | 10/15 | €246,127 | €269,222 | +€23,095 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €202,356 | €202,356 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,496 | €30,496 | = | 0.0% |
| Distributable reserves | 133 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,171 | €48,265 | +€23,095 | +91.8% |
| Amounts payable | 17/49 | €95,617 | €69,628 | -€25,989 | -27.2% |
| Amounts payable within one year | 42/48 | €95,617 | €69,628 | -€25,989 | -27.2% |
| Financial debts | 43 | €19,495 | €18,364 | -€1,131 | -5.8% |
| Credit institutions | 430/8 | €19,495 | €18,364 | -€1,131 | -5.8% |
| Trade debts | 44 | €5,044 | €1,965 | -€3,079 | -61.0% |
| Suppliers | 440/4 | €5,044 | €1,965 | -€3,079 | -61.0% |
| Taxes, remuneration and social security | 45 | €9,027 | €9,686 | +€660 | +7.3% |
| Taxes | 450/3 | €9,027 | €9,686 | +€660 | +7.3% |
| Other amounts payable | 47/48 | €62,051 | €39,612 | -€22,439 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,390 | €22,330 | +€2,940 | +15.2% |
| Other operating charges | 640/8 | €1,817 | €1,737 | -€79 | -4.4% |
| Gross operating margin | 9900 | €54,299 | €60,190 | +€5,891 | +10.8% |
| Operating profit (loss) | 9901 | €33,093 | €36,123 | +€3,030 | +9.2% |
| Financial income | 75/76B | - | €58 | +€58 | |
| Recurring financial income | 75 | - | €58 | +€58 | |
| Financial charges | 65/66B | €10,223 | €7,224 | -€2,999 | -29.3% |
| Recurring financial charges | 65 | €10,223 | €7,224 | -€2,999 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €22,870 | €28,957 | +€6,087 | +26.6% |
| Income taxes | 67/77 | €5,229 | €5,862 | +€633 | +12.1% |
| Profit (loss) for the period | 9904 | €17,641 | €23,095 | +€5,454 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,641 | €23,095 | +€5,454 | +30.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.