Artinvest: what changed
What changed
Artinvest
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€913
2024 · €0-€913
Equity
€18,926
2024 · €19,839-€913
Cash
€287,918
2024 · €37,403+€250,515
Balance sheet total
€1.4m
2024 · €1.2m+€217,180
Largest movements
Assets
- Cash +€250,515
up €250,515 (+670%), from €37,403 to €287,918
mainly Debts after one year (+€200,883) and Depreciation (+€22,018)
- Tangible fixed assets -€22,018
down €22,018 (-1.9%), from €1.1m to €1.1m
Equity and liabilities
- Debts after one year +€200,883
up €200,883 (+25.7%), from €782,301 to €983,184
- Other debts +€19,043
up €19,043 (+5.2%), from €367,493 to €386,536
Income statement
- Depreciation -€29,583
down €29,583 (-57.3%), from €51,601 to €22,018
- Gross operating margin -€21,472
down €21,472 (-29.0%), from €74,081 to €52,609
- Financial charges +€9,647
up €9,647 (+52.2%), from €18,482 to €28,129
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
€0
Gross operating margin
-€21,472
Depreciation
+€29,583
Other operating charges
+€623
Financial charges
-€9,647
Result 2025
-€913
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
+€48,421
Investment
€0
Financing
+€202,094
Cash 2024
€37,403
From operations (derived)
+€48,421
Net result for the year
-€913
Depreciation
+€22,018
Receivables within one year
+€12,237
Deferred charges and accrued income
-€920
Trade debts
+€3,281
Tax, wage and social debts
-€6,325
Other debts
+€19,043
Financing
+€202,094
Debts after one year
+€200,883
Current portion of long-term debt
+€1,211
Cash 2025
€287,918
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,215,497 | €1,432,677 | +€217,180 | +17.9% |
| Fixed assets | 21/28 | €1,141,794 | €1,119,776 | -€22,018 | -1.9% |
| Tangible fixed assets | 22/27 | €1,141,794 | €1,119,776 | -€22,018 | -1.9% |
| Land and buildings | 22 | €1,141,794 | €1,119,776 | -€22,018 | -1.9% |
| Current assets | 29/58 | €73,703 | €312,901 | +€239,198 | +325% |
| Amounts receivable within one year | 40/41 | €36,300 | €24,063 | -€12,237 | -33.7% |
| Trade receivables | 40 | €36,300 | €24,063 | -€12,237 | -33.7% |
| Cash at bank and in hand | 54/58 | €37,403 | €287,918 | +€250,515 | +670% |
| Deferred charges and accrued income | 490/1 | - | €920 | +€920 | |
| Total equity and liabilities | 10/49 | €1,215,497 | €1,432,677 | +€217,180 | +17.9% |
| Equity | 10/15 | €19,839 | €18,926 | -€913 | -4.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161 | -€1,074 | -€913 | -567% |
| Amounts payable | 17/49 | €1,195,658 | €1,413,751 | +€218,093 | +18.2% |
| Amounts payable after more than one year | 17 | €782,301 | €983,184 | +€200,883 | +25.7% |
| Financial debts | 170/4 | €782,301 | €983,184 | +€200,883 | +25.7% |
| Amounts payable within one year | 42/48 | €413,357 | €430,567 | +€17,210 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €35,406 | €36,617 | +€1,211 | +3.4% |
| Trade debts | 44 | €546 | €3,827 | +€3,281 | +601% |
| Suppliers | 440/4 | €546 | €3,827 | +€3,281 | +601% |
| Taxes, remuneration and social security | 45 | €9,912 | €3,587 | -€6,325 | -63.8% |
| Taxes | 450/3 | €9,912 | €3,587 | -€6,325 | -63.8% |
| Other amounts payable | 47/48 | €367,493 | €386,536 | +€19,043 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,601 | €22,018 | -€29,583 | -57.3% |
| Other operating charges | 640/8 | €3,998 | €3,375 | -€623 | -15.6% |
| Gross operating margin | 9900 | €74,081 | €52,609 | -€21,472 | -29.0% |
| Operating profit (loss) | 9901 | €18,482 | €27,216 | +€8,734 | +47.3% |
| Financial charges | 65/66B | €18,482 | €28,129 | +€9,647 | +52.2% |
| Recurring financial charges | 65 | €18,482 | €28,129 | +€9,647 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €0 | -€913 | -€913 | |
| Profit (loss) for the period | 9904 | €0 | -€913 | -€913 | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | -€913 | -€913 |
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 8 November 2026 via checked.be.