ARTIMO INVEST: what changed
What changed
ARTIMO INVEST
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€14,705
2024 · €213,775-€228,480
Equity
€4.9m
2024 · €4.9m-€14,705
Cash
€44,375
2024 · €32,049+€12,326
Balance sheet total
€5.0m
2024 · €5.0m+€31,217
Largest movements
Assets
- Receivables within one year -€217,259
down €217,259 (-75.0%), from €289,758 to €72,499
of which Other amounts receivable: -€204,993
- Tangible fixed assets +€113,650
up €113,650 (+5.8%), from €1.9m to €2.1m
of which Furniture and vehicles: +€90,119
- Deferred charges and accrued income +€98,244
up €98,244 (+290%), from €33,913 to €132,157
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€333,113
down €333,113 (-71.5%), from €465,951 to €132,838
- Taxes -€114,280
down €114,280 (-98.6%), from €115,882 to €1,602
- Depreciation -€17,880
down €17,880 (-11.9%), from €150,153 to €132,273
- Financial income -€17,411
down €17,411 (-26.4%), from €65,844 to €48,433
of which Non-recurring financial income: -€10,018
- Other operating charges +€10,514
up €10,514 (+20.9%), from €50,359 to €60,873
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€213,775
Gross operating margin
-€333,113
Depreciation
+€17,880
Other operating charges
-€10,514
Financial income
-€17,411
Financial charges
+€398
Taxes
+€114,280
Result 2025
-€14,705
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€270,320
Investment
-€257,994
Financing
€0
Cash 2024
€32,049
From operations (derived)
+€270,320
Net result for the year
-€14,705
Depreciation
+€132,273
Stocks and contracts
-€12,184
Receivables within one year
+€217,259
Deferred charges and accrued income
-€98,244
Trade debts
-€435
Tax, wage and social debts
+€4,153
Other debts
+€31,190
Accrued charges and deferred income
+€11,014
Investment (derived)
-€257,994
Investment in fixed assets (net)
-€265,396
Current investments
+€7,402
Cash 2025
€44,375
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,978,849 | €5,010,066 | +€31,217 | +0.6% |
| Fixed assets | 21/28 | €3,161,483 | €3,294,606 | +€133,123 | +4.2% |
| Tangible fixed assets | 22/27 | €1,946,154 | €2,059,804 | +€113,650 | +5.8% |
| Land and buildings | 22 | €1,895,198 | €1,920,097 | +€24,899 | +1.3% |
| Plant, machinery and equipment | 23 | €11,107 | €9,739 | -€1,368 | -12.3% |
| Furniture and vehicles | 24 | €17,849 | €107,968 | +€90,119 | +505% |
| Other tangible fixed assets | 26 | €22,000 | €22,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,215,330 | €1,234,802 | +€19,472 | +1.6% |
| Current assets | 29/58 | €1,817,366 | €1,715,460 | -€101,906 | -5.6% |
| Stocks and contracts in progress | 3 | €911,646 | €923,830 | +€12,184 | +1.3% |
| Stocks | 30/36 | €911,646 | €923,830 | +€12,184 | +1.3% |
| Amounts receivable within one year | 40/41 | €289,758 | €72,499 | -€217,259 | -75.0% |
| Trade receivables | 40 | €18,842 | €6,576 | -€12,265 | -65.1% |
| Other amounts receivable | 41 | €270,916 | €65,923 | -€204,993 | -75.7% |
| Current investments | 50/53 | €550,000 | €542,598 | -€7,402 | -1.3% |
| Cash at bank and in hand | 54/58 | €32,049 | €44,375 | +€12,326 | +38.5% |
| Deferred charges and accrued income | 490/1 | €33,913 | €132,157 | +€98,244 | +290% |
| Total equity and liabilities | 10/49 | €4,978,849 | €5,010,066 | +€31,217 | +0.6% |
| Equity | 10/15 | €4,901,722 | €4,887,017 | -€14,705 | -0.3% |
| Contributions | 10/11 | €2,854,600 | €2,854,600 | = | 0.0% |
| Reserves | 13 | €2,047,122 | €2,032,417 | -€14,705 | -0.7% |
| Distributable reserves | 133 | €2,047,122 | €2,032,417 | -€14,705 | -0.7% |
| Amounts payable | 17/49 | €77,127 | €123,048 | +€45,921 | +59.5% |
| Amounts payable within one year | 42/48 | €70,752 | €105,660 | +€34,908 | +49.3% |
| Trade debts | 44 | €2,867 | €2,432 | -€435 | -15.2% |
| Suppliers | 440/4 | €2,867 | €2,432 | -€435 | -15.2% |
| Taxes, remuneration and social security | 45 | €24,092 | €28,245 | +€4,153 | +17.2% |
| Taxes | 450/3 | €24,092 | €28,245 | +€4,153 | +17.2% |
| Other amounts payable | 47/48 | €43,793 | €74,983 | +€31,190 | +71.2% |
| Accrued charges and deferred income | 492/3 | €6,375 | €17,389 | +€11,014 | +173% |
| Non-recurring operating income | 76A | €495,154 | €39,023 | -€456,131 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,153 | €132,273 | -€17,880 | -11.9% |
| Other operating charges | 640/8 | €50,359 | €60,873 | +€10,514 | +20.9% |
| Gross operating margin | 9900 | €465,951 | €132,838 | -€333,113 | -71.5% |
| Operating profit (loss) | 9901 | €265,439 | -€60,308 | -€325,748 | |
| Financial income | 75/76B | €65,844 | €48,433 | -€17,411 | -26.4% |
| Recurring financial income | 75 | €38,114 | €30,721 | -€7,393 | -19.4% |
| Non-recurring financial income | 76B | €27,730 | €17,712 | -€10,018 | -36.1% |
| Financial charges | 65/66B | €1,625 | €1,227 | -€398 | -24.5% |
| Recurring financial charges | 65 | €1,625 | €1,227 | -€398 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €329,657 | -€13,102 | -€342,760 | |
| Income taxes | 67/77 | €115,882 | €1,602 | -€114,280 | -98.6% |
| Profit (loss) for the period | 9904 | €213,775 | -€14,705 | -€228,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €213,775 | -€14,705 | -€228,480 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.