ARTOLOMEO: 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.
ARTOLOMEO
Largest movements
- Tangible fixed assets +€114,349
up €114,349 (+18.3%), from €625,933 to €740,282
of which Land and buildings: +€84,324
- Cash -€58,565
down €58,565 (-50.7%), from €115,620 to €57,055
mainly Investment in fixed assets (net) (-€192,419) and Debts after one year (-€58,450)
- Stocks and contracts -€10,827
down €10,827 (-16.0%), from €67,772 to €56,946
- Other debts +€61,012
up €61,012 (+694,900%), from €9 to €61,021
- Debts after one year -€58,450
down €58,450 (-14.1%), from €414,112 to €355,662
- Reserves +€16,000
up €16,000 (+5.4%), from €295,416 to €311,416
- Depreciation +€19,691
up €19,691 (+33.7%), from €58,379 to €78,070
- Gross operating margin +€13,842
up €13,842 (+14.3%), from €97,065 to €110,906
- Financial income -€11,321
down €11,321 (-78.8%), from €14,362 to €3,041
- Taxes -€6,703
down €6,703 (-54.2%), from €12,375 to €5,672
- Financial charges -€1,175
down €1,175 (-11.2%), from €10,467 to €9,293
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.
Derived cash bridge
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 | €830,668 | €869,194 | +€38,525 | +4.6% |
| Fixed assets | 21/28 | €628,433 | €742,782 | +€114,349 | +18.2% |
| Tangible fixed assets | 22/27 | €625,933 | €740,282 | +€114,349 | +18.3% |
| Land and buildings | 22 | €623,200 | €707,524 | +€84,324 | +13.5% |
| Plant, machinery and equipment | 23 | €1,350 | €7,582 | +€6,232 | +462% |
| Furniture and vehicles | 24 | €1,384 | €25,176 | +€23,792 | +1,720% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €202,235 | €126,412 | -€75,823 | -37.5% |
| Stocks and contracts in progress | 3 | €67,772 | €56,946 | -€10,827 | -16.0% |
| Stocks | 30/36 | €67,772 | €56,946 | -€10,827 | -16.0% |
| Amounts receivable within one year | 40/41 | €17,015 | €12,411 | -€4,604 | -27.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €17,015 | €12,411 | -€4,604 | -27.1% |
| Cash at bank and in hand | 54/58 | €115,620 | €57,055 | -€58,565 | -50.7% |
| Deferred charges and accrued income | 490/1 | €1,828 | €0 | -€1,828 | -100% |
| Total equity and liabilities | 10/49 | €830,668 | €869,194 | +€38,525 | +4.6% |
| Equity | 10/15 | €345,795 | €362,073 | +€16,278 | +4.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €295,416 | €311,416 | +€16,000 | +5.4% |
| Distributable reserves | 133 | €295,416 | €311,416 | +€16,000 | +5.4% |
| Profit (loss) carried forward | 14 | €379 | €657 | +€278 | +73.2% |
| Amounts payable | 17/49 | €484,873 | €507,121 | +€22,248 | +4.6% |
| Amounts payable after more than one year | 17 | €414,112 | €355,662 | -€58,450 | -14.1% |
| Financial debts | 170/4 | €414,112 | €355,662 | -€58,450 | -14.1% |
| Amounts payable within one year | 42/48 | €70,762 | €151,459 | +€80,697 | +114% |
| Current portion of amounts payable after more than one year | 42 | €57,724 | €58,450 | +€726 | +1.3% |
| Trade debts | 44 | €13,029 | €21,583 | +€8,553 | +65.6% |
| Suppliers | 440/4 | €13,029 | €21,583 | +€8,553 | +65.6% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €0 | €7,906 | +€7,906 | |
| Taxes | 450/3 | €0 | €7,906 | +€7,906 | |
| Other amounts payable | 47/48 | €9 | €61,021 | +€61,012 | +694,900% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,379 | €78,070 | +€19,691 | +33.7% |
| Other operating charges | 640/8 | €3,513 | €4,634 | +€1,121 | +31.9% |
| Gross operating margin | 9900 | €97,065 | €110,906 | +€13,842 | +14.3% |
| Operating profit (loss) | 9901 | €35,172 | €28,202 | -€6,970 | -19.8% |
| Financial income | 75/76B | €14,362 | €3,041 | -€11,321 | -78.8% |
| Recurring financial income | 75 | €14,362 | €3,041 | -€11,321 | -78.8% |
| Financial charges | 65/66B | €10,467 | €9,293 | -€1,175 | -11.2% |
| Recurring financial charges | 65 | €10,467 | €9,293 | -€1,175 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €39,067 | €21,950 | -€17,117 | -43.8% |
| Income taxes | 67/77 | €12,375 | €5,672 | -€6,703 | -54.2% |
| Profit (loss) for the period | 9904 | €26,691 | €16,278 | -€10,414 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,691 | €16,278 | -€10,414 | -39.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.