ARTIMPEX: 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.
ARTIMPEX
Largest movements
- Cash -€359,362
down €359,362 (-58.7%), from €612,411 to €253,048
mainly Other debts (-€602,689) and Investment in fixed assets (net) (-€249,995)
- Receivables within one year -€231,495
down €231,495 (-53.0%), from €436,877 to €205,382
of which Trade receivables: -€254,281
- Tangible fixed assets +€76,767
up €76,767 (+145.6%), from €52,719 to €129,486
of which Furniture and vehicles: +€75,328
- Stocks and contracts +€44,926
up €44,926 (+7.2%), from €627,220 to €672,146
- Intangible fixed assets +€37,223
up €37,223 (+14.4%), from €258,679 to €295,903
- Profit (loss) carried forward +€614,700
up €614,700 (+329.6%), from €186,518 to €801,219
- Other debts -€602,689
down €602,689 (-52.9%), from €1.1m to €537,459
- Reserves -€370,480
down €370,480 (-98.4%), from €376,680 to €6,200
of which Tax-exempt reserves: -€370,480
- Tax, wage and social debts -€47,998
down €47,998 (-59.5%), from €80,730 to €32,731
of which Taxes: -€28,177
- Gross operating margin -€94,501
down €94,501 (-10.0%), from €941,704 to €847,203
- Staff costs -€79,019
down €79,019 (-17.2%), from €459,868 to €380,849
- Depreciation +€60,315
up €60,315 (+79.7%), from €75,690 to €136,005
- Taxes -€35,388
down €35,388 (-42.3%), from €83,739 to €48,352
- Write-downs +€11,137
up €11,137, from -€2,982 to €8,155
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 | €2,002,184 | €1,589,000 | -€413,184 | -20.6% |
| Fixed assets | 21/28 | €311,398 | €425,388 | +€113,990 | +36.6% |
| Intangible fixed assets | 21 | €258,679 | €295,903 | +€37,223 | +14.4% |
| Tangible fixed assets | 22/27 | €52,719 | €129,486 | +€76,767 | +145.6% |
| Plant, machinery and equipment | 23 | €2,041 | €3,480 | +€1,439 | +70.5% |
| Furniture and vehicles | 24 | €50,678 | €126,006 | +€75,328 | +148.6% |
| Current assets | 29/58 | €1,690,786 | €1,163,612 | -€527,174 | -31.2% |
| Stocks and contracts in progress | 3 | €627,220 | €672,146 | +€44,926 | +7.2% |
| Stocks | 30/36 | €627,220 | €672,146 | +€44,926 | +7.2% |
| Amounts receivable within one year | 40/41 | €436,877 | €205,382 | -€231,495 | -53.0% |
| Trade receivables | 40 | €426,717 | €172,436 | -€254,281 | -59.6% |
| Other amounts receivable | 41 | €10,160 | €32,946 | +€22,786 | +224.3% |
| Cash at bank and in hand | 54/58 | €612,411 | €253,048 | -€359,362 | -58.7% |
| Deferred charges and accrued income | 490/1 | €14,279 | €33,037 | +€18,758 | +131.4% |
| Total equity and liabilities | 10/49 | €2,002,184 | €1,589,000 | -€413,184 | -20.6% |
| Equity | 10/15 | €625,198 | €869,419 | +€244,220 | +39.1% |
| 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 | €376,680 | €6,200 | -€370,480 | -98.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €370,480 | €0 | -€370,480 | -100.0% |
| Profit (loss) carried forward | 14 | €186,518 | €801,219 | +€614,700 | +329.6% |
| Provisions and deferred taxes | 16 | €10,168 | €8,556 | -€1,612 | -15.9% |
| Provisions for liabilities and charges | 160/5 | €10,168 | €8,556 | -€1,612 | -15.9% |
| Environmental obligations | 163 | €10,168 | €0 | -€10,168 | -100.0% |
| Other liabilities and charges | 164/5 | - | €8,556 | +€8,556 | |
| Amounts payable | 17/49 | €1,366,818 | €711,026 | -€655,793 | -48.0% |
| Amounts payable within one year | 42/48 | €1,364,415 | €708,599 | -€655,816 | -48.1% |
| Trade debts | 44 | €143,536 | €138,408 | -€5,128 | -3.6% |
| Suppliers | 440/4 | €143,536 | €138,408 | -€5,128 | -3.6% |
| Taxes, remuneration and social security | 45 | €80,730 | €32,731 | -€47,998 | -59.5% |
| Taxes | 450/3 | €34,054 | €5,877 | -€28,177 | -82.7% |
| Remuneration and social security | 454/9 | €46,675 | €26,854 | -€19,821 | -42.5% |
| Other amounts payable | 47/48 | €1,140,149 | €537,459 | -€602,689 | -52.9% |
| Accrued charges and deferred income | 492/3 | €2,404 | €2,427 | +€23 | +1.0% |
| Remuneration, social security and pensions | 62 | €459,868 | €380,849 | -€79,019 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,690 | €136,005 | +€60,315 | +79.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,982 | €8,155 | +€11,137 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,740 | -€1,612 | +€7,128 | +81.6% |
| Other operating charges | 640/8 | €22,982 | €22,883 | -€98 | -0.4% |
| Non-recurring operating charges | 66A | - | €1,482 | +€1,482 | |
| Gross operating margin | 9900 | €941,704 | €847,203 | -€94,501 | -10.0% |
| Operating profit (loss) | 9901 | €394,886 | €299,441 | -€95,445 | -24.2% |
| Financial income | 75/76B | €12,521 | €8,233 | -€4,287 | -34.2% |
| Recurring financial income | 75 | €12,521 | €8,233 | -€4,287 | -34.2% |
| Financial charges | 65/66B | €15,613 | €10,603 | -€5,010 | -32.1% |
| Recurring financial charges | 65 | €15,613 | €10,603 | -€5,010 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €391,794 | €297,072 | -€94,722 | -24.2% |
| Income taxes | 67/77 | €83,739 | €48,352 | -€35,388 | -42.3% |
| Profit (loss) for the period | 9904 | €308,055 | €248,720 | -€59,334 | -19.3% |
| Transfer from tax-exempt reserves | 789 | €151,560 | €370,480 | +€218,920 | +144.4% |
| Profit (loss) for the period to be appropriated | 9905 | €459,615 | €619,200 | +€159,586 | +34.7% |
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 9 October 2026 via checked.be.