ARTIMINO: 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.
What changed
ARTIMINO
NACE 90.312, Arts creation and performing arts activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€34,448
2024 · €90,250-€55,802
Equity
€592,956
2024 · €568,508+€24,448
Cash
€112,888
2024 · €110,793+€2,095
Balance sheet total
€635,776
2024 · €650,573-€14,797
Largest movements
Assets
- Tangible fixed assets -€17,568
down €17,568 (-7.0%), from €249,705 to €232,137
of which Land and buildings: -€20,064
Equity and liabilities
- Reserves +€24,448
up €24,448 (+4.8%), from €506,508 to €530,956
of which Distributable reserves: +€24,448
- Other debts -€15,203
down €15,203 (-60.3%), from €25,203 to €10,000
- Debts after one year -€10,832
down €10,832 (-88.6%), from €12,221 to €1,389
- Tax, wage and social debts -€10,811
down €10,811 (-100%), from €10,811 to €0
Income statement
- Gross operating margin -€70,889
down €70,889 (-50.4%), from €140,606 to €69,717
- Taxes -€16,004
down €16,004 (-57.0%), from €28,088 to €12,083
- Financial income -€2,585
down €2,585 (-32.6%), from €7,936 to €5,351
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
€90,250
Gross operating margin
-€70,889
Depreciation
+€1,229
Other operating charges
-€287
Other operating items
+€261
Financial income
-€2,585
Financial charges
+€465
Taxes
+€16,004
Result 2025
€34,448
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€29,959
Investment
-€4,531
Financing
-€23,333
Cash 2024
€110,793
From operations (derived)
+€29,959
Net result for the year
+€34,448
Depreciation
+€21,467
Receivables within one year
-€3,280
Deferred charges and accrued income
+€3,236
Trade debts
+€102
Tax, wage and social debts
-€10,811
Other debts
-€15,203
Investment (derived)
-€4,531
Investment in fixed assets (net)
-€3,898
Current investments
-€633
Financing
-€23,333
Debts after one year
-€10,832
Current portion of long-term debt
-€2,501
Contributions, distributions and other
-€10,000
Cash 2025
€112,888
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €650,573 | €635,776 | -€14,797 | -2.3% |
| Fixed assets | 21/28 | €249,939 | €232,371 | -€17,568 | -7.0% |
| Tangible fixed assets | 22/27 | €249,705 | €232,137 | -€17,568 | -7.0% |
| Land and buildings | 22 | €244,346 | €224,282 | -€20,064 | -8.2% |
| Plant, machinery and equipment | 23 | €724 | €493 | -€231 | -31.9% |
| Furniture and vehicles | 24 | €2,235 | €2,162 | -€73 | -3.3% |
| Other tangible fixed assets | 26 | €2,400 | €5,200 | +€2,800 | +117% |
| Financial fixed assets | 28 | €234 | €234 | = | 0.0% |
| Current assets | 29/58 | €400,633 | €403,405 | +€2,771 | +0.7% |
| Amounts receivable within one year | 40/41 | €25,522 | €28,801 | +€3,280 | +12.9% |
| Trade receivables | 40 | €16,133 | €18,154 | +€2,021 | +12.5% |
| Other amounts receivable | 41 | €9,388 | €10,647 | +€1,259 | +13.4% |
| Current investments | 50/53 | €255,513 | €256,146 | +€633 | +0.2% |
| Cash at bank and in hand | 54/58 | €110,793 | €112,888 | +€2,095 | +1.9% |
| Deferred charges and accrued income | 490/1 | €8,806 | €5,570 | -€3,236 | -36.8% |
| Total equity and liabilities | 10/49 | €650,573 | €635,776 | -€14,797 | -2.3% |
| Equity | 10/15 | €568,508 | €592,956 | +€24,448 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €506,508 | €530,956 | +€24,448 | +4.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €500,308 | €524,756 | +€24,448 | +4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,065 | €42,820 | -€39,245 | -47.8% |
| Amounts payable after more than one year | 17 | €12,221 | €1,389 | -€10,832 | -88.6% |
| Financial debts | 170/4 | €12,221 | €1,389 | -€10,832 | -88.6% |
| Amounts payable within one year | 42/48 | €69,844 | €41,431 | -€28,413 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €10,832 | -€2,501 | -18.8% |
| Trade debts | 44 | €20,496 | €20,599 | +€102 | +0.5% |
| Suppliers | 440/4 | €20,496 | €20,599 | +€102 | +0.5% |
| Taxes, remuneration and social security | 45 | €10,811 | €0 | -€10,811 | -100% |
| Taxes | 450/3 | €10,811 | €0 | -€10,811 | -100% |
| Other amounts payable | 47/48 | €25,203 | €10,000 | -€15,203 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,695 | €21,467 | -€1,229 | -5.4% |
| Other operating charges | 640/8 | €5,571 | €5,858 | +€287 | +5.1% |
| Non-recurring operating charges | 66A | €261 | €0 | -€261 | -100% |
| Gross operating margin | 9900 | €140,606 | €69,717 | -€70,889 | -50.4% |
| Operating profit (loss) | 9901 | €112,079 | €42,393 | -€69,686 | -62.2% |
| Financial income | 75/76B | €7,936 | €5,351 | -€2,585 | -32.6% |
| Recurring financial income | 75 | €7,936 | €5,351 | -€2,585 | -32.6% |
| Financial charges | 65/66B | €1,677 | €1,212 | -€465 | -27.7% |
| Recurring financial charges | 65 | €1,677 | €1,212 | -€465 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €118,338 | €46,532 | -€71,806 | -60.7% |
| Income taxes | 67/77 | €28,088 | €12,083 | -€16,004 | -57.0% |
| Profit (loss) for the period | 9904 | €90,250 | €34,448 | -€55,802 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,250 | €34,448 | -€55,802 | -61.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.