ARTINOVA: what changed
What changed
ARTINOVA
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€404
2024 · -€6,086+€6,489
Equity
€68,096
2024 · €67,692+€404
Cash
€12,932
2024 · €27,239-€14,307
Balance sheet total
€375,643
2024 · €400,904-€25,260
Largest movements
Assets
- Cash -€14,307
down €14,307 (-52.5%), from €27,239 to €12,932
mainly Debts after one year (-€26,346) and Trade debts (-€10,892)
- Tangible fixed assets -€13,855
down €13,855 (-4.0%), from €344,087 to €330,232
of which Land and buildings: -€8,195
Equity and liabilities
- Debts after one year -€26,346
down €26,346 (-12.1%), from €217,550 to €191,204
- Other debts +€16,008
up €16,008 (+28.8%), from €55,679 to €71,686
- Trade debts -€10,892
down €10,892 (-70.1%), from €15,549 to €4,657
- Accrued charges and deferred income -€4,291
down €4,291 (-50.1%), from €8,561 to €4,270
Income statement
- Gross operating margin +€11,365
up €11,365 (+15.1%), from €75,411 to €86,776
- Staff costs +€2,710
up €2,710 (+5.8%), from €46,699 to €49,409
- Depreciation +€1,158
up €1,158 (+5.3%), from €21,693 to €22,852
- Financial charges +€906
up €906 (+8.2%), from €11,068 to €11,974
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
-€6,086
Gross operating margin
+€11,365
Staff costs
-€2,710
Depreciation
-€1,158
Other operating charges
-€243
Financial income
+€145
Financial charges
-€906
Taxes
-€4
Result 2025
€404
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
+€20,913
Investment
-€8,997
Financing
-€26,223
Cash 2024
€27,239
From operations (derived)
+€20,913
Net result for the year
+€404
Depreciation
+€22,852
Stocks and contracts
+€1,406
Receivables within one year
-€3,996
Deferred charges and accrued income
-€311
Trade debts
-€10,892
Tax, wage and social debts
-€265
Other debts
+€16,008
Accrued charges and deferred income
-€4,291
Investment (derived)
-€8,997
Investment in fixed assets (net)
-€8,997
Financing
-€26,223
Debts after one year
-€26,346
Current portion of long-term debt
+€123
Cash 2025
€12,932
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €400,904 | €375,643 | -€25,260 | -6.3% |
| Fixed assets | 21/28 | €344,542 | €330,687 | -€13,855 | -4.0% |
| Tangible fixed assets | 22/27 | €344,087 | €330,232 | -€13,855 | -4.0% |
| Land and buildings | 22 | €312,438 | €304,242 | -€8,195 | -2.6% |
| Plant, machinery and equipment | 23 | €30,925 | €25,700 | -€5,224 | -16.9% |
| Furniture and vehicles | 24 | €724 | €290 | -€435 | -60.0% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €56,362 | €44,956 | -€11,406 | -20.2% |
| Stocks and contracts in progress | 3 | €24,566 | €23,160 | -€1,406 | -5.7% |
| Stocks | 30/36 | €24,367 | €23,160 | -€1,207 | -5.0% |
| Contracts in progress | 37 | €200 | - | -€200 | |
| Amounts receivable within one year | 40/41 | €1,572 | €5,569 | +€3,996 | +254% |
| Trade receivables | 40 | €755 | €4,692 | +€3,937 | +522% |
| Other amounts receivable | 41 | €817 | €877 | +€60 | +7.3% |
| Cash at bank and in hand | 54/58 | €27,239 | €12,932 | -€14,307 | -52.5% |
| Deferred charges and accrued income | 490/1 | €2,985 | €3,296 | +€311 | +10.4% |
| Total equity and liabilities | 10/49 | €400,904 | €375,643 | -€25,260 | -6.3% |
| Equity | 10/15 | €67,692 | €68,096 | +€404 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,860 | €33,860 | = | 0.0% |
| Distributable reserves | 133 | €33,860 | €33,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,632 | €28,036 | +€404 | +1.5% |
| Amounts payable | 17/49 | €333,211 | €307,547 | -€25,664 | -7.7% |
| Amounts payable after more than one year | 17 | €217,550 | €191,204 | -€26,346 | -12.1% |
| Financial debts | 170/4 | €217,550 | €191,204 | -€26,346 | -12.1% |
| Amounts payable within one year | 42/48 | €107,100 | €112,073 | +€4,973 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €26,223 | €26,346 | +€123 | +0.5% |
| Trade debts | 44 | €15,549 | €4,657 | -€10,892 | -70.1% |
| Suppliers | 440/4 | €15,549 | €4,657 | -€10,892 | -70.1% |
| Taxes, remuneration and social security | 45 | €9,649 | €9,384 | -€265 | -2.7% |
| Taxes | 450/3 | €6,253 | €6,284 | +€32 | +0.5% |
| Remuneration and social security | 454/9 | €3,396 | €3,099 | -€297 | -8.7% |
| Other amounts payable | 47/48 | €55,679 | €71,686 | +€16,008 | +28.8% |
| Accrued charges and deferred income | 492/3 | €8,561 | €4,270 | -€4,291 | -50.1% |
| Remuneration, social security and pensions | 62 | €46,699 | €49,409 | +€2,710 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,693 | €22,852 | +€1,158 | +5.3% |
| Other operating charges | 640/8 | €2,040 | €2,283 | +€243 | +11.9% |
| Gross operating margin | 9900 | €75,411 | €86,776 | +€11,365 | +15.1% |
| Operating profit (loss) | 9901 | €4,978 | €12,232 | +€7,254 | +146% |
| Financial income | 75/76B | €3 | €148 | +€145 | +4,189% |
| Recurring financial income | 75 | €3 | €148 | +€145 | +4,189% |
| Financial charges | 65/66B | €11,068 | €11,974 | +€906 | +8.2% |
| Recurring financial charges | 65 | €11,068 | €11,974 | +€906 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,086 | €407 | +€6,493 | |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€6,086 | €404 | +€6,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,086 | €404 | +€6,489 |
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 2 November 2026 via checked.be.