ARTIMUNDO: 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.
ARTIMUNDO
Largest movements
- Tangible fixed assets -€5,686
down €5,686 (-6.4%), from €89,350 to €83,664
of which Land and buildings: -€4,772
- Stocks and contracts -€5,073
down €5,073 (-7.6%), from €66,743 to €61,670
- Cash -€2,665
down €2,665 (-56.8%), from €4,691 to €2,026
mainly Net result for the year (-€25,896) and Short-term financial debts (-€82)
- Profit (loss) carried forward -€25,896
down €25,896 (-9.4%), from -€274,359 to -€300,255
- Other debts +€11,507
up €11,507 (+4.2%), from €272,621 to €284,128
- Other operating charges -€12,519
down €12,519 (-80.7%), from €15,513 to €2,994
- Gross operating margin +€6,620
up €6,620, from -€3,061 to €3,559
- Depreciation -€1,184
down €1,184 (-17.2%), from €6,870 to €5,686
- Staff costs +€666
up €666 (+3.7%), from €17,997 to €18,663
- Financial charges -€197
down €197 (-8.5%), from €2,309 to €2,112
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 | €162,079 | €147,744 | -€14,335 | -8.8% |
| Fixed assets | 21/28 | €89,734 | €84,048 | -€5,686 | -6.3% |
| Tangible fixed assets | 22/27 | €89,350 | €83,664 | -€5,686 | -6.4% |
| Land and buildings | 22 | €86,834 | €82,062 | -€4,772 | -5.5% |
| Other tangible fixed assets | 26 | €2,516 | €1,602 | -€914 | -36.3% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €72,345 | €63,695 | -€8,649 | -12.0% |
| Stocks and contracts in progress | 3 | €66,743 | €61,670 | -€5,073 | -7.6% |
| Stocks | 30/36 | €66,743 | €61,670 | -€5,073 | -7.6% |
| Amounts receivable within one year | 40/41 | €911 | - | -€911 | |
| Other amounts receivable | 41 | €911 | - | -€911 | |
| Cash at bank and in hand | 54/58 | €4,691 | €2,026 | -€2,665 | -56.8% |
| Total equity and liabilities | 10/49 | €162,079 | €147,744 | -€14,335 | -8.8% |
| Equity | 10/15 | -€125,623 | -€151,519 | -€25,896 | -20.6% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,359 | -€300,255 | -€25,896 | -9.4% |
| Amounts payable | 17/49 | €287,702 | €299,262 | +€11,561 | +4.0% |
| Amounts payable within one year | 42/48 | €287,702 | €299,262 | +€11,561 | +4.0% |
| Financial debts | 43 | €15,081 | €14,999 | -€82 | -0.5% |
| Other loans | 439 | €15,081 | €14,999 | -€82 | -0.5% |
| Taxes, remuneration and social security | 45 | - | €136 | +€136 | |
| Taxes | 450/3 | - | €136 | +€136 | |
| Other amounts payable | 47/48 | €272,621 | €284,128 | +€11,507 | +4.2% |
| Remuneration, social security and pensions | 62 | €17,997 | €18,663 | +€666 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,870 | €5,686 | -€1,184 | -17.2% |
| Other operating charges | 640/8 | €15,513 | €2,994 | -€12,519 | -80.7% |
| Gross operating margin | 9900 | -€3,061 | €3,559 | +€6,620 | |
| Operating profit (loss) | 9901 | -€43,441 | -€23,784 | +€19,657 | +45.2% |
| Financial charges | 65/66B | €2,309 | €2,112 | -€197 | -8.5% |
| Recurring financial charges | 65 | €2,309 | €2,112 | -€197 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€45,750 | -€25,896 | +€19,854 | +43.4% |
| Profit (loss) for the period | 9904 | -€45,750 | -€25,896 | +€19,854 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,750 | -€25,896 | +€19,854 | +43.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.