ARTIMO: 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.
ARTIMO
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+357.8%), from €480,135 to €2.2m
of which Land and buildings: +€1.7m
- Cash +€373,981
up €373,981 (+677.0%), from €55,245 to €429,226
mainly Provisions (+€1.4m) and Contributions, distributions and other (+€831,700)
- Stocks and contracts +€270,268
up €270,268 (+19.3%), from €1.4m to €1.7m
- Revaluation surpluses +€1.7m
up €1.7m (+539.2%), from €321,163 to €2.1m
- Provisions +€1.4m
up €1.4m (+6818.2%), from €19,800 to €1.4m
- Contributions -€900,000
down €900,000 (-90.0%), from €1.0m to €100,000
- Advances received +€497,208
up €497,208 (+2367.7%), from €21,000 to €518,208
- Debts after one year -€464,375
down €464,375 (-72.4%), from €641,049 to €176,675
of which Other amounts payable: -€357,491
- Gross operating margin +€304,326
up €304,326, from -€38,877 to €265,449
- Financial charges +€98,178
up €98,178 (+1277.5%), from €7,685 to €105,863
- Write-downs +€93,524
no longer reported in 2024 (was -€93,524)
- Financial income -€26,206
down €26,206 (-97.5%), from €26,873 to €667
- Taxes +€26,079
up €26,079 (+256.1%), from €10,184 to €36,263
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 | €2,045,952 | €4,398,188 | +€2.4m | +115.0% |
| Fixed assets | 21/28 | €484,770 | €2,200,885 | +€1.7m | +354.0% |
| Intangible fixed assets | 21 | €4,400 | €2,733 | -€1,667 | -37.9% |
| Tangible fixed assets | 22/27 | €480,135 | €2,197,916 | +€1.7m | +357.8% |
| Land and buildings | 22 | €460,623 | €2,186,000 | +€1.7m | +374.6% |
| Furniture and vehicles | 24 | €19,512 | €11,916 | -€7,596 | -38.9% |
| Financial fixed assets | 28 | €236 | €236 | = | 0.0% |
| Current assets | 29/58 | €1,561,182 | €2,197,304 | +€636,122 | +40.7% |
| Stocks and contracts in progress | 3 | €1,403,512 | €1,673,780 | +€270,268 | +19.3% |
| Stocks | 30/36 | €1,403,512 | €1,673,780 | +€270,268 | +19.3% |
| Amounts receivable within one year | 40/41 | €66,030 | €65,851 | -€179 | -0.3% |
| Trade receivables | 40 | €54,137 | €43,762 | -€10,375 | -19.2% |
| Other amounts receivable | 41 | €11,893 | €22,089 | +€10,196 | +85.7% |
| Cash at bank and in hand | 54/58 | €55,245 | €429,226 | +€373,981 | +677.0% |
| Deferred charges and accrued income | 490/1 | €36,396 | €28,447 | -€7,948 | -21.8% |
| Total equity and liabilities | 10/49 | €2,045,952 | €4,398,188 | +€2.4m | +115.0% |
| Equity | 10/15 | €1,211,823 | €2,112,428 | +€900,605 | +74.3% |
| Contributions | 10/11 | €1,000,000 | €100,000 | -€900,000 | -90.0% |
| Capital | 10 | €1,000,000 | €100,000 | -€900,000 | -90.0% |
| Issued capital | 100 | €1,000,000 | €100,000 | -€900,000 | -90.0% |
| Revaluation surpluses | 12 | €321,163 | €2,052,862 | +€1.7m | +539.2% |
| Reserves | 13 | €6,604 | €6,604 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,604 | €6,604 | = | 0.0% |
| Legal reserve | 130 | €6,604 | €6,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,943 | -€47,038 | +€68,905 | +59.4% |
| Provisions and deferred taxes | 16 | €19,800 | €1,369,800 | +€1.4m | +6818.2% |
| Provisions for liabilities and charges | 160/5 | €19,800 | €1,369,800 | +€1.4m | +6818.2% |
| Environmental obligations | 163 | - | €19,800 | +€19,800 | |
| Other liabilities and charges | 164/5 | €19,800 | €1,350,000 | +€1.3m | +6718.2% |
| Amounts payable | 17/49 | €814,329 | €915,960 | +€101,631 | +12.5% |
| Amounts payable after more than one year | 17 | €641,049 | €176,675 | -€464,375 | -72.4% |
| Financial debts | 170/4 | €106,884 | - | -€106,884 | |
| Other amounts payable | 178/9 | €534,165 | €176,675 | -€357,491 | -66.9% |
| Amounts payable within one year | 42/48 | €173,279 | €738,125 | +€564,846 | +326.0% |
| Current portion of amounts payable after more than one year | 42 | €55,233 | €56,884 | +€1,651 | +3.0% |
| Trade debts | 44 | €63,404 | €58,212 | -€5,192 | -8.2% |
| Suppliers | 440/4 | €63,404 | €58,212 | -€5,192 | -8.2% |
| Advances received on contracts in progress | 46 | €21,000 | €518,208 | +€497,208 | +2367.7% |
| Taxes, remuneration and social security | 45 | €33,643 | €104,821 | +€71,178 | +211.6% |
| Taxes | 450/3 | €33,643 | €104,821 | +€71,178 | +211.6% |
| Accrued charges and deferred income | 492/3 | - | €1,160 | +€1,160 | |
| Remuneration, social security and pensions | 62 | €49 | €17,887 | +€17,838 | +36240.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,203 | €20,864 | -€6,339 | -23.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€93,524 | - | +€93,524 | |
| Other operating charges | 640/8 | €6,247 | €16,334 | +€10,088 | +161.5% |
| Gross operating margin | 9900 | -€38,877 | €265,449 | +€304,326 | |
| Operating profit (loss) | 9901 | €21,148 | €210,364 | +€189,216 | +894.7% |
| Financial income | 75/76B | €26,873 | €667 | -€26,206 | -97.5% |
| Recurring financial income | 75 | €26,873 | €667 | -€26,206 | -97.5% |
| Financial charges | 65/66B | €7,685 | €105,863 | +€98,178 | +1277.5% |
| Recurring financial charges | 65 | €7,685 | €105,863 | +€98,178 | +1277.5% |
| Profit (loss) for the period before taxes | 9903 | €40,337 | €105,168 | +€64,832 | +160.7% |
| Income taxes | 67/77 | €10,184 | €36,263 | +€26,079 | +256.1% |
| Profit (loss) for the period | 9904 | €30,152 | €68,905 | +€38,753 | +128.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,152 | €68,905 | +€38,753 | +128.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.