ARTIMMO: 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.
ARTIMMO
Largest movements
- Current investments -€64,772
down €64,772 (-33.3%), from €194,772 to €130,000
- Tangible fixed assets -€53,149
down €53,149 (-2.0%), from €2.7m to €2.6m
of which Land and buildings: -€43,710
- Cash -€36,697
down €36,697 (-68.8%), from €53,364 to €16,667
mainly Net result for the year (-€121,965) and Investment in fixed assets (net) (-€57,158)
- Profit (loss) carried forward -€71,784
down €71,784 (-21.2%), from €337,890 to €266,106
- Reserves -€50,181
down €50,181 (-4.4%), from €1.1m to €1.1m
of which Tax-exempt reserves: -€50,181
- Debts after one year -€36,535
down €36,535 (-10.3%), from €355,696 to €319,161
- Financial income -€26,407
down €26,407 (-81.0%), from €32,606 to €6,199
- Gross operating margin -€16,662
down €16,662 (-342.4%), from -€4,866 to -€21,528
- Depreciation +€13,286
up €13,286 (+13.7%), from €97,021 to €110,307
- Taxes -€2,040
no longer reported in 2024 (was €2,040)
- Other operating charges +€594
up €594 (+7.7%), from €7,713 to €8,307
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,919,838 | €2,757,320 | -€162,519 | -5.6% |
| Fixed assets | 21/28 | €2,662,511 | €2,609,362 | -€53,149 | -2.0% |
| Tangible fixed assets | 22/27 | €2,662,511 | €2,609,362 | -€53,149 | -2.0% |
| Land and buildings | 22 | €2,613,126 | €2,569,415 | -€43,710 | -1.7% |
| Furniture and vehicles | 24 | €49,385 | €39,946 | -€9,439 | -19.1% |
| Current assets | 29/58 | €257,328 | €147,958 | -€109,370 | -42.5% |
| Amounts receivable within one year | 40/41 | €7,250 | €291 | -€6,959 | -96.0% |
| Trade receivables | 40 | €7,250 | - | -€7,250 | |
| Other amounts receivable | 41 | - | €291 | +€291 | |
| Current investments | 50/53 | €194,772 | €130,000 | -€64,772 | -33.3% |
| Cash at bank and in hand | 54/58 | €53,364 | €16,667 | -€36,697 | -68.8% |
| Deferred charges and accrued income | 490/1 | €1,942 | €1,000 | -€942 | -48.5% |
| Total equity and liabilities | 10/49 | €2,919,838 | €2,757,320 | -€162,519 | -5.6% |
| Equity | 10/15 | €1,703,089 | €1,581,124 | -€121,965 | -7.2% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Capital | 10 | €230,000 | €230,000 | = | 0.0% |
| Issued capital | 100 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €1,135,199 | €1,085,018 | -€50,181 | -4.4% |
| Non-distributable reserves | 130/1 | €23,000 | €23,000 | = | 0.0% |
| Legal reserve | 130 | €23,000 | €23,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,112,199 | €1,062,018 | -€50,181 | -4.5% |
| Profit (loss) carried forward | 14 | €337,890 | €266,106 | -€71,784 | -21.2% |
| Provisions and deferred taxes | 16 | €375,275 | €358,343 | -€16,932 | -4.5% |
| Deferred taxes | 168 | €375,275 | €358,343 | -€16,932 | -4.5% |
| Amounts payable | 17/49 | €841,475 | €817,853 | -€23,622 | -2.8% |
| Amounts payable after more than one year | 17 | €355,696 | €319,161 | -€36,535 | -10.3% |
| Financial debts | 170/4 | €355,696 | €319,161 | -€36,535 | -10.3% |
| Amounts payable within one year | 42/48 | €485,646 | €498,692 | +€13,047 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | - | €18,391 | +€18,391 | |
| Trade debts | 44 | €34,853 | €26,260 | -€8,593 | -24.7% |
| Suppliers | 440/4 | €34,853 | €26,260 | -€8,593 | -24.7% |
| Other amounts payable | 47/48 | €450,793 | €454,041 | +€3,249 | +0.7% |
| Accrued charges and deferred income | 492/3 | €133 | - | -€133 | |
| Non-recurring operating income | 76A | €31,500 | - | -€31,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,021 | €110,307 | +€13,286 | +13.7% |
| Other operating charges | 640/8 | €7,713 | €8,307 | +€594 | +7.7% |
| Non-recurring operating charges | 66A | €371 | - | -€371 | |
| Gross operating margin | 9900 | -€4,866 | -€21,528 | -€16,662 | -342.4% |
| Operating profit (loss) | 9901 | -€109,970 | -€140,142 | -€30,172 | -27.4% |
| Financial income | 75/76B | €32,606 | €6,199 | -€26,407 | -81.0% |
| Recurring financial income | 75 | €32,606 | €6,199 | -€26,407 | -81.0% |
| Financial charges | 65/66B | €5,282 | €4,954 | -€328 | -6.2% |
| Recurring financial charges | 65 | €5,282 | €4,954 | -€328 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€82,646 | -€138,897 | -€56,251 | -68.1% |
| Transfer from deferred taxes | 780 | €16,230 | €16,932 | +€702 | +4.3% |
| Income taxes | 67/77 | €2,040 | - | -€2,040 | |
| Profit (loss) for the period | 9904 | -€68,456 | -€121,965 | -€53,509 | -78.2% |
| Transfer from tax-exempt reserves | 789 | €48,102 | €50,181 | +€2,079 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,354 | -€71,784 | -€51,430 | -252.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.