ARTIMBO: 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.
ARTIMBO
Largest movements
- Tangible fixed assets -€257,274
down €257,274 (-25.7%), from €999,552 to €742,278
of which Land and buildings: -€231,919
- Cash +€32,646
up €32,646 (+454.4%), from €7,185 to €39,831
mainly Investment in fixed assets (net) (+€187,635) and Depreciation (+€69,639)
- Receivables after one year -€19,750
down €19,750 (-26.0%), from €75,961 to €56,211
- Debts after one year -€218,731
down €218,731 (-87.8%), from €249,235 to €30,504
- Provisions -€43,731
down €43,731 (-30.4%), from €144,051 to €100,319
- Reserves +€17,399
up €17,399 (+3.7%), from €469,078 to €486,476
of which Distributable reserves: +€148,592
- Gross operating margin +€68,313
up €68,313 (+101.4%), from €67,365 to €135,678
- Taxes +€49,722
up €49,722 (+735.0%), from €6,765 to €56,487
- Financial charges -€6,534
down €6,534 (-39.2%), from €16,655 to €10,122
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 | €1,090,636 | €845,567 | -€245,068 | -22.5% |
| Fixed assets | 21/28 | €999,552 | €742,278 | -€257,274 | -25.7% |
| Tangible fixed assets | 22/27 | €999,552 | €742,278 | -€257,274 | -25.7% |
| Land and buildings | 22 | €903,579 | €671,661 | -€231,919 | -25.7% |
| Plant, machinery and equipment | 23 | €43,010 | €28,804 | -€14,206 | -33.0% |
| Furniture and vehicles | 24 | €52,963 | €41,813 | -€11,150 | -21.1% |
| Current assets | 29/58 | €91,084 | €103,290 | +€12,206 | +13.4% |
| Amounts receivable after more than one year | 29 | €75,961 | €56,211 | -€19,750 | -26.0% |
| Other amounts receivable | 291 | €75,961 | €56,211 | -€19,750 | -26.0% |
| Amounts receivable within one year | 40/41 | €4,419 | €3,565 | -€854 | -19.3% |
| Other amounts receivable | 41 | €4,419 | €3,565 | -€854 | -19.3% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,185 | €39,831 | +€32,646 | +454.4% |
| Deferred charges and accrued income | 490/1 | €3,269 | €3,433 | +€164 | +5.0% |
| Total equity and liabilities | 10/49 | €1,090,636 | €845,567 | -€245,068 | -22.5% |
| Equity | 10/15 | €647,561 | €664,960 | +€17,399 | +2.7% |
| Contributions | 10/11 | €178,483 | €178,483 | = | 0.0% |
| Capital | 10 | €178,483 | €178,483 | = | 0.0% |
| Issued capital | 100 | €178,483 | €178,483 | = | 0.0% |
| Reserves | 13 | €469,078 | €486,476 | +€17,399 | +3.7% |
| Non-distributable reserves | 130/1 | €17,848 | €17,848 | = | 0.0% |
| Legal reserve | 130 | €17,848 | €17,848 | = | 0.0% |
| Tax-exempt reserves | 132 | €432,152 | €300,958 | -€131,193 | -30.4% |
| Distributable reserves | 133 | €19,078 | €167,669 | +€148,592 | +778.9% |
| Provisions and deferred taxes | 16 | €144,051 | €100,319 | -€43,731 | -30.4% |
| Deferred taxes | 168 | €144,051 | €100,319 | -€43,731 | -30.4% |
| Amounts payable | 17/49 | €299,024 | €80,288 | -€218,736 | -73.1% |
| Amounts payable after more than one year | 17 | €249,235 | €30,504 | -€218,731 | -87.8% |
| Financial debts | 170/4 | €249,235 | €30,504 | -€218,731 | -87.8% |
| Amounts payable within one year | 42/48 | €43,612 | €43,354 | -€257 | -0.6% |
| Trade debts | 44 | €6,954 | €11,579 | +€4,625 | +66.5% |
| Suppliers | 440/4 | €6,954 | €11,579 | +€4,625 | +66.5% |
| Taxes, remuneration and social security | 45 | €10,526 | €8,653 | -€1,873 | -17.8% |
| Taxes | 450/3 | €10,526 | €8,653 | -€1,873 | -17.8% |
| Other amounts payable | 47/48 | €26,132 | €23,123 | -€3,009 | -11.5% |
| Accrued charges and deferred income | 492/3 | €6,177 | €6,430 | +€253 | +4.1% |
| Non-recurring operating income | 76A | - | €77,091 | +€77,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,449 | €69,639 | -€810 | -1.1% |
| Other operating charges | 640/8 | €9,028 | €8,545 | -€483 | -5.3% |
| Gross operating margin | 9900 | €67,365 | €135,678 | +€68,313 | +101.4% |
| Operating profit (loss) | 9901 | -€12,112 | €57,493 | +€69,605 | |
| Financial income | 75/76B | €3,743 | €2,783 | -€960 | -25.6% |
| Recurring financial income | 75 | €3,743 | €2,783 | -€960 | -25.6% |
| Financial charges | 65/66B | €16,655 | €10,122 | -€6,534 | -39.2% |
| Recurring financial charges | 65 | €16,655 | €10,122 | -€6,534 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,024 | €50,155 | +€75,179 | |
| Transfer from deferred taxes | 780 | €12,695 | €43,731 | +€31,036 | +244.5% |
| Income taxes | 67/77 | €6,765 | €56,487 | +€49,722 | +735.0% |
| Profit (loss) for the period | 9904 | -€19,094 | €37,399 | +€56,493 | |
| Transfer from tax-exempt reserves | 789 | €38,084 | €131,193 | +€93,109 | +244.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,990 | €168,592 | +€149,602 | +787.8% |
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 6 October 2026 via checked.be.