ARTIO: what changed
Two financial 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.
What changed
ARTIO
NACE 70.200, Business and other management consultancy
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€8,720
2023 · €20,902-€12,183
Equity
€72,645
2023 · €63,925+€8,720
Cash
€1,581
2023 · €2,766-€1,184
Balance sheet total
€17.9m
2023 · €2.6m+€15.3m
Largest movements
Assets
- Receivables within one year +€12.3m
up €12.3m (+1542.1%), from €800,484 to €13.1m
of which Trade receivables: +€12.0m
- Deferred charges and accrued income +€3.0m
up €3.0m (+196.1%), from €1.5m to €4.5m
Equity and liabilities
- Trade debts +€14.1m
up €14.1m (+1102.4%), from €1.3m to €15.4m
- Accrued charges and deferred income +€1.2m
up €1.2m (+113.1%), from €1.1m to €2.4m
Income statement
- Turnover +€12.9m
new in 2024: €12.9m
- Services and other goods +€12.9m
new in 2024: €12.9m
From the 2023 result to the 2024 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.
Result 2023
€20,902
Turnover
+€12.9m
Other operating income
+€32,400
Services and other goods
-€12.9m
Other operating charges
+€1,084
Other operating items
-€56,136
Financial charges
+€2,175
Taxes
+€4,388
Result 2024
€8,720
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€35,371
Investment
€0
Financing
-€36,555
Cash 2023
€2,766
From operations (derived)
+€35,371
Net result for the year
+€8,720
Depreciation
+€19,100
Receivables within one year
-€12.3m
Deferred charges and accrued income
-€3.0m
Trade debts
+€14.1m
Tax, wage and social debts
-€1,050
Accrued charges and deferred income
+€1.2m
Financing
-€36,555
Debts after one year
-€2,420
Current portion of long-term debt
-€34,135
Cash 2024
€1,581
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,580,549 | €17,886,426 | +€15.3m | +593.1% |
| Fixed assets | 21/28 | €256,500 | €237,400 | -€19,100 | -7.4% |
| Tangible fixed assets | 22/27 | €256,500 | €237,400 | -€19,100 | -7.4% |
| Land and buildings | 22 | €256,500 | €237,400 | -€19,100 | -7.4% |
| Current assets | 29/58 | €2,324,049 | €17,649,026 | +€15.3m | +659.4% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €800,484 | €13,144,745 | +€12.3m | +1542.1% |
| Trade receivables | 40 | €772,664 | €12,752,814 | +€12.0m | +1550.5% |
| Other amounts receivable | 41 | €27,820 | €391,931 | +€364,111 | +1308.8% |
| Cash at bank and in hand | 54/58 | €2,766 | €1,581 | -€1,184 | -42.8% |
| Deferred charges and accrued income | 490/1 | €1,520,800 | €4,502,700 | +€3.0m | +196.1% |
| Total equity and liabilities | 10/49 | €2,580,549 | €17,886,426 | +€15.3m | +593.1% |
| Equity | 10/15 | €63,925 | €72,645 | +€8,720 | +13.6% |
| Contributions | 10/11 | €17,200 | €17,200 | = | 0.0% |
| Reserves | 13 | €46,725 | €55,445 | +€8,720 | +18.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €46,725 | €55,445 | +€8,720 | +18.7% |
| Amounts payable | 17/49 | €2,516,624 | €17,813,782 | +€15.3m | +607.8% |
| Amounts payable after more than one year | 17 | €11,933 | €9,514 | -€2,420 | -20.3% |
| Financial debts | 170/4 | €11,933 | €9,514 | -€2,420 | -20.3% |
| Credit institutions | 173 | - | €9,514 | +€9,514 | |
| Amounts payable within one year | 42/48 | €1,399,743 | €15,449,954 | +€14.1m | +1003.8% |
| Current portion of amounts payable after more than one year | 42 | €36,555 | €2,420 | -€34,135 | -93.4% |
| Trade debts | 44 | €1,277,759 | €15,363,155 | +€14.1m | +1102.4% |
| Suppliers | 440/4 | €1,277,759 | €15,363,155 | +€14.1m | +1102.4% |
| Taxes, remuneration and social security | 45 | €11,971 | €10,921 | -€1,050 | -8.8% |
| Taxes | 450/3 | €11,971 | €10,921 | -€1,050 | -8.8% |
| Other amounts payable | 47/48 | €73,459 | €73,459 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,104,948 | €2,354,314 | +€1.2m | +113.1% |
| Operating income | 70/76A | - | €12,962,400 | +€13.0m | |
| Turnover | 70 | - | €12,930,000 | +€12.9m | |
| Other operating income | 74 | - | €32,400 | +€32,400 | |
| Operating charges | 60/66A | - | €12,948,573 | +€12.9m | |
| Services and other goods | 61 | - | €12,926,093 | +€12.9m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,100 | €19,100 | = | 0.0% |
| Other operating charges | 640/8 | €4,463 | €3,380 | -€1,084 | -24.3% |
| Gross operating margin | 9900 | €56,136 | - | -€56,136 | |
| Operating profit (loss) | 9901 | €32,573 | €13,827 | -€18,746 | -57.5% |
| Financial charges | 65/66B | €4,016 | €1,841 | -€2,175 | -54.1% |
| Recurring financial charges | 65 | €4,016 | €1,841 | -€2,175 | -54.1% |
| Debt charges | 650 | - | €1,841 | +€1,841 | |
| Other financial charges | 652/9 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €28,557 | €11,986 | -€16,571 | -58.0% |
| Income taxes | 67/77 | €7,654 | €3,266 | -€4,388 | -57.3% |
| Taxes | 670/3 | - | €3,266 | +€3,266 | |
| Profit (loss) for the period | 9904 | €20,902 | €8,720 | -€12,183 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,902 | €8,720 | -€12,183 | -58.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.