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.
ARTIMAR
Largest movements
- Cash +€105,664
up €105,664 (+618.4%), from €17,087 to €122,751
mainly Debts after one year (+€94,757) and Deferred charges and accrued income (+€68,618)
- Deferred charges and accrued income -€68,618
down €68,618 (-96.3%), from €71,243 to €2,625
- Tangible fixed assets +€23,701
up €23,701 (+8.3%), from €285,174 to €308,876
of which Plant, machinery and equipment: +€20,476
- Stocks and contracts +€16,589
up €16,589 (+38.4%), from €43,154 to €59,743
- Receivables within one year -€6,642
down €6,642 (-47.7%), from €13,918 to €7,277
of which Other amounts receivable: -€6,519
- Debts after one year +€94,757
up €94,757 (+47.2%), from €200,948 to €295,706
- Trade debts -€23,988
down €23,988 (-45.3%), from €52,990 to €29,002
- Current portion of long-term debt +€16,726
up €16,726 (+82.5%), from €20,282 to €37,007
- Other debts -€9,703
down €9,703 (-42.7%), from €22,699 to €12,996
- Tax, wage and social debts -€8,777
down €8,777 (-56.7%), from €15,468 to €6,692
of which Remuneration and social security: -€5,762
- Gross operating margin +€53,156
up €53,156 (+69.3%), from €76,688 to €129,845
- Staff costs +€45,550
up €45,550 (+158.7%), from €28,695 to €74,244
- Depreciation +€8,215
up €8,215 (+33.7%), from €24,348 to €32,562
- Other operating charges -€1,464
down €1,464 (-18.9%), from €7,741 to €6,277
- Financial income +€1,317
up €1,317 (+1038.2%), from €127 to €1,443
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 | €430,576 | €501,272 | +€70,695 | +16.4% |
| Fixed assets | 21/28 | €285,174 | €308,876 | +€23,701 | +8.3% |
| Tangible fixed assets | 22/27 | €285,174 | €308,876 | +€23,701 | +8.3% |
| Land and buildings | 22 | €205,678 | €207,659 | +€1,980 | +1.0% |
| Plant, machinery and equipment | 23 | €79,496 | €99,972 | +€20,476 | +25.8% |
| Furniture and vehicles | 24 | - | €1,245 | +€1,245 | |
| Current assets | 29/58 | €145,402 | €192,396 | +€46,994 | +32.3% |
| Stocks and contracts in progress | 3 | €43,154 | €59,743 | +€16,589 | +38.4% |
| Stocks | 30/36 | €43,154 | €59,743 | +€16,589 | +38.4% |
| Amounts receivable within one year | 40/41 | €13,918 | €7,277 | -€6,642 | -47.7% |
| Trade receivables | 40 | €7,399 | €7,277 | -€123 | -1.7% |
| Other amounts receivable | 41 | €6,519 | €0 | -€6,519 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,087 | €122,751 | +€105,664 | +618.4% |
| Deferred charges and accrued income | 490/1 | €71,243 | €2,625 | -€68,618 | -96.3% |
| Total equity and liabilities | 10/49 | €430,576 | €501,272 | +€70,695 | +16.4% |
| Equity | 10/15 | €68,189 | €69,869 | +€1,679 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,589 | €51,269 | +€1,679 | +3.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €13,847 | €13,847 | = | 0.0% |
| Distributable reserves | 133 | €35,743 | €37,422 | +€1,679 | +4.7% |
| Amounts payable | 17/49 | €362,387 | €431,403 | +€69,016 | +19.0% |
| Amounts payable after more than one year | 17 | €200,948 | €295,706 | +€94,757 | +47.2% |
| Financial debts | 170/4 | €200,948 | €295,706 | +€94,757 | +47.2% |
| Amounts payable within one year | 42/48 | €161,439 | €135,697 | -€25,741 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €20,282 | €37,007 | +€16,726 | +82.5% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €52,990 | €29,002 | -€23,988 | -45.3% |
| Suppliers | 440/4 | €52,990 | €29,002 | -€23,988 | -45.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,468 | €6,692 | -€8,777 | -56.7% |
| Taxes | 450/3 | €6,925 | €3,911 | -€3,014 | -43.5% |
| Remuneration and social security | 454/9 | €8,543 | €2,781 | -€5,762 | -67.5% |
| Other amounts payable | 47/48 | €22,699 | €12,996 | -€9,703 | -42.7% |
| Non-recurring operating income | 76A | - | €2,465 | +€2,465 | |
| Remuneration, social security and pensions | 62 | €28,695 | €74,244 | +€45,550 | +158.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,348 | €32,562 | +€8,215 | +33.7% |
| Other operating charges | 640/8 | €7,741 | €6,277 | -€1,464 | -18.9% |
| Gross operating margin | 9900 | €76,688 | €129,845 | +€53,156 | +69.3% |
| Operating profit (loss) | 9901 | €15,905 | €16,761 | +€856 | +5.4% |
| Financial income | 75/76B | €127 | €1,443 | +€1,317 | +1038.2% |
| Recurring financial income | 75 | €127 | €1,443 | +€1,317 | +1038.2% |
| Financial charges | 65/66B | €14,724 | €15,876 | +€1,152 | +7.8% |
| Recurring financial charges | 65 | €14,724 | €15,876 | +€1,152 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €1,308 | €2,328 | +€1,021 | +78.1% |
| Income taxes | 67/77 | €201 | €649 | +€448 | +223.5% |
| Profit (loss) for the period | 9904 | €1,107 | €1,679 | +€572 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,107 | €1,679 | +€572 | +51.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.