ARTIMAR: 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.
What changed
ARTIMAR
NACE 23.700, Cutting, shaping and finishing of stone
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€334,742
2024 · €452,095-€117,353
Equity
€3.7m
2024 · €3.7m-€73,263
Cash
€587,197
2024 · €634,683-€47,485
Balance sheet total
€9.4m
2024 · €8.8m+€545,971
Largest movements
Assets
- Receivables within one year +€742,532
up €742,532 (+34.0%), from €2.2m to €2.9m
of which Trade receivables: +€651,757
Equity and liabilities
- Other debts +€399,110
up €399,110 (+459.4%), from €86,875 to €485,985
- Debts after one year +€286,205
up €286,205 (+14.0%), from €2.0m to €2.3m
- Current portion of long-term debt +€139,065
up €139,065 (+27.0%), from €514,801 to €653,866
- Trade debts -€132,851
down €132,851 (-8.2%), from €1.6m to €1.5m
Income statement
- Turnover +€1.9m
up €1.9m (+14.2%), from €13.1m to €14.9m
- Goods and materials +€1.6m
up €1.6m (+23.1%), from €7.0m to €8.6m
of which Purchases: +€888,264
- Services and other goods +€450,773
up €450,773 (+14.4%), from €3.1m to €3.6m
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.
Result 2024
€452,095
Turnover
+€1.9m
Other operating income
-€24,895
Goods and materials
-€1.6m
Services and other goods
-€450,773
Staff costs
-€3,571
Depreciation
-€27,773
Write-downs
+€110,600
Other operating charges
-€10,745
Other operating items
+€8,763
Financial income
-€7,754
Financial charges
+€17,826
Taxes
+€37,889
Result 2025
€334,742
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.
From operations
+€447,595
Investment
-€475,612
Financing
-€19,469
Cash 2024
€634,683
From operations (derived)
+€447,595
Net result for the year
+€334,742
Depreciation
+€580,537
Stocks and contracts
+€46,016
Receivables within one year
-€742,532
Deferred charges and accrued income
-€1,866
Provisions
-€29,009
Trade debts
-€132,851
Tax, wage and social debts
-€69,281
Advances received
+€438
Other debts
+€399,110
Accrued charges and deferred income
+€62,291
Investment (derived)
-€475,612
Investment in fixed assets (net)
-€475,612
Financing
-€19,469
Debts after one year
+€286,205
Current portion of long-term debt
+€139,065
Short-term financial debts
-€36,733
Contributions, distributions and other
-€408,005
Cash 2025
€587,197
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,831,789 | €9,377,761 | +€545,971 | +6.2% |
| Fixed assets | 21/28 | €2,132,482 | €2,027,556 | -€104,926 | -4.9% |
| Intangible fixed assets | 21 | €127,399 | €75,850 | -€51,549 | -40.5% |
| Tangible fixed assets | 22/27 | €2,004,746 | €1,951,369 | -€53,376 | -2.7% |
| Land and buildings | 22 | €193,153 | €171,855 | -€21,298 | -11.0% |
| Plant, machinery and equipment | 23 | €155,023 | €120,683 | -€34,340 | -22.2% |
| Furniture and vehicles | 24 | €673,971 | €515,974 | -€157,997 | -23.4% |
| Leasing and similar rights | 25 | €982,599 | €1,142,857 | +€160,258 | +16.3% |
| Financial fixed assets | 28 | €338 | €338 | = | 0.0% |
| Other financial fixed assets | 284/8 | €338 | €338 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €338 | €338 | = | 0.0% |
| Current assets | 29/58 | €6,699,307 | €7,350,204 | +€650,897 | +9.7% |
| Stocks and contracts in progress | 3 | €3,843,390 | €3,797,374 | -€46,016 | -1.2% |
| Stocks | 30/36 | €3,843,390 | €3,797,374 | -€46,016 | -1.2% |
| Goods purchased for resale | 34 | €3,843,390 | €3,797,374 | -€46,016 | -1.2% |
| Amounts receivable within one year | 40/41 | €2,182,141 | €2,924,673 | +€742,532 | +34.0% |
| Trade receivables | 40 | €1,952,914 | €2,604,671 | +€651,757 | +33.4% |
| Other amounts receivable | 41 | €229,227 | €320,002 | +€90,775 | +39.6% |
| Cash at bank and in hand | 54/58 | €634,683 | €587,197 | -€47,485 | -7.5% |
| Deferred charges and accrued income | 490/1 | €39,094 | €40,960 | +€1,866 | +4.8% |
| Total equity and liabilities | 10/49 | €8,831,789 | €9,377,761 | +€545,971 | +6.2% |
| Equity | 10/15 | €3,747,895 | €3,674,632 | -€73,263 | -2.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €3,623,988 | €3,558,730 | -€65,258 | -1.8% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €399,701 | €312,673 | -€87,028 | -21.8% |
| Distributable reserves | 133 | €3,214,371 | €3,236,141 | +€21,770 | +0.7% |
| Investment grants | 15 | €24,750 | €16,744 | -€8,005 | -32.3% |
| Provisions and deferred taxes | 16 | €259,816 | €230,807 | -€29,009 | -11.2% |
| Provisions for liabilities and charges | 160/5 | €149,600 | €149,600 | = | 0.0% |
| Other liabilities and charges | 164/5 | €149,600 | €149,600 | = | 0.0% |
| Deferred taxes | 168 | €110,216 | €81,207 | -€29,009 | -26.3% |
| Amounts payable | 17/49 | €4,824,079 | €5,472,322 | +€648,244 | +13.4% |
| Amounts payable after more than one year | 17 | €2,040,594 | €2,326,799 | +€286,205 | +14.0% |
| Financial debts | 170/4 | €2,040,594 | €2,326,799 | +€286,205 | +14.0% |
| Leasing and similar obligations | 172 | €564,671 | €645,832 | +€81,162 | +14.4% |
| Credit institutions | 173 | €1,475,924 | €1,680,967 | +€205,043 | +13.9% |
| Amounts payable within one year | 42/48 | €2,766,211 | €3,065,959 | +€299,748 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €514,801 | €653,866 | +€139,065 | +27.0% |
| Financial debts | 43 | €108,988 | €72,255 | -€36,733 | -33.7% |
| Credit institutions | 430/8 | €108,988 | €72,255 | -€36,733 | -33.7% |
| Trade debts | 44 | €1,614,685 | €1,481,834 | -€132,851 | -8.2% |
| Suppliers | 440/4 | €1,614,685 | €1,481,834 | -€132,851 | -8.2% |
| Advances received on contracts in progress | 46 | €23,345 | €23,783 | +€438 | +1.9% |
| Taxes, remuneration and social security | 45 | €417,516 | €348,236 | -€69,281 | -16.6% |
| Taxes | 450/3 | €219,140 | €96,724 | -€122,416 | -55.9% |
| Remuneration and social security | 454/9 | €198,376 | €251,511 | +€53,135 | +26.8% |
| Other amounts payable | 47/48 | €86,875 | €485,985 | +€399,110 | +459.4% |
| Accrued charges and deferred income | 492/3 | €17,273 | €79,564 | +€62,291 | +360.6% |
| Operating income | 70/76A | €13,189,383 | €15,022,454 | +€1.8m | +13.9% |
| Turnover | 70 | €13,062,535 | €14,913,512 | +€1.9m | +14.2% |
| Other operating income | 74 | €124,848 | €99,953 | -€24,895 | -19.9% |
| Non-recurring operating income | 76A | €2,000 | €8,988 | +€6,988 | +349.4% |
| Operating charges | 60/66A | €12,406,056 | €14,404,441 | +€2.0m | +16.1% |
| Goods for resale, raw materials and consumables | 60 | €6,992,896 | €8,610,794 | +€1.6m | +23.1% |
| Purchases | 600/8 | €7,676,514 | €8,564,778 | +€888,264 | +11.6% |
| Change in stocks: decrease (increase) | 609 | -€683,618 | €46,016 | +€729,634 | |
| Services and other goods | 61 | €3,138,645 | €3,589,418 | +€450,773 | +14.4% |
| Remuneration, social security and pensions | 62 | €1,515,342 | €1,518,913 | +€3,571 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552,764 | €580,537 | +€27,773 | +5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €110,600 | - | -€110,600 | |
| Other operating charges | 640/8 | €94,034 | €104,779 | +€10,745 | +11.4% |
| Non-recurring operating charges | 66A | €1,775 | - | -€1,775 | |
| Operating profit (loss) | 9901 | €783,327 | €618,013 | -€165,314 | -21.1% |
| Financial income | 75/76B | €20,784 | €13,030 | -€7,754 | -37.3% |
| Recurring financial income | 75 | €20,591 | €9,655 | -€10,937 | -53.1% |
| Income from financial fixed assets | 750 | - | €640 | +€640 | |
| Other financial income | 752/9 | €20,591 | €9,014 | -€11,577 | -56.2% |
| Non-recurring financial income | 76B | €193 | €3,376 | +€3,183 | +1649.2% |
| Financial charges | 65/66B | €181,900 | €164,074 | -€17,826 | -9.8% |
| Recurring financial charges | 65 | €181,900 | €164,074 | -€17,826 | -9.8% |
| Debt charges | 650 | €129,078 | €109,853 | -€19,225 | -14.9% |
| Other financial charges | 652/9 | €52,822 | €54,221 | +€1,399 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €622,211 | €466,969 | -€155,242 | -25.0% |
| Transfer from deferred taxes | 780 | €29,009 | €29,009 | +€0 | 0.0% |
| Income taxes | 67/77 | €199,125 | €161,236 | -€37,889 | -19.0% |
| Taxes | 670/3 | €199,125 | €161,236 | -€37,889 | -19.0% |
| Profit (loss) for the period | 9904 | €452,095 | €334,742 | -€117,353 | -26.0% |
| Transfer from tax-exempt reserves | 789 | €87,028 | €87,028 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €539,123 | €421,770 | -€117,352 | -21.8% |
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.