Artoma Projects: 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.
Artoma Projects
Largest movements
- Cash -€29,498
down €29,498 (-30.9%), from €95,332 to €65,835
mainly Contributions, distributions and other (-€82,618) and Receivables within one year (-€12,268)
- Receivables within one year +€12,268
up €12,268 (+46.2%), from €26,555 to €38,823
of which Trade receivables: +€15,007
- Tangible fixed assets -€7,544
down €7,544 (-14.1%), from €53,333 to €45,790
of which Furniture and vehicles: -€8,878
- Reserves -€37,215
down €37,215 (-22.1%), from €168,022 to €130,807
- Other debts +€26,323
up €26,323 (+3,160%), from €833 to €27,156
- Debts after one year -€10,889
down €10,889 (-43.6%), from €24,990 to €14,101
- Gross operating margin +€6,998
up €6,998 (+11.2%), from €62,231 to €69,229
- Financial income +€5,186
up €5,186 (+17,287,467%), from €0 to €5,186
- Depreciation +€2,459
up €2,459 (+21.5%), from €11,429 to €13,888
- Taxes -€1,240
down €1,240 (-8.8%), from €14,109 to €12,869
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 | €237,549 | €212,675 | -€24,874 | -10.5% |
| Fixed assets | 21/28 | €53,333 | €45,790 | -€7,544 | -14.1% |
| Tangible fixed assets | 22/27 | €53,333 | €45,790 | -€7,544 | -14.1% |
| Plant, machinery and equipment | 23 | €831 | €67 | -€764 | -91.9% |
| Furniture and vehicles | 24 | €44,797 | €35,918 | -€8,878 | -19.8% |
| Other tangible fixed assets | 26 | €7,705 | €9,804 | +€2,099 | +27.2% |
| Current assets | 29/58 | €184,216 | €166,886 | -€17,330 | -9.4% |
| Amounts receivable within one year | 40/41 | €26,555 | €38,823 | +€12,268 | +46.2% |
| Trade receivables | 40 | €20,085 | €35,092 | +€15,007 | +74.7% |
| Other amounts receivable | 41 | €6,470 | €3,731 | -€2,739 | -42.3% |
| Current investments | 50/53 | €61,887 | €61,887 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €95,332 | €65,835 | -€29,498 | -30.9% |
| Deferred charges and accrued income | 490/1 | €441 | €340 | -€101 | -22.8% |
| Total equity and liabilities | 10/49 | €237,549 | €212,675 | -€24,874 | -10.5% |
| Equity | 10/15 | €168,023 | €130,808 | -€37,215 | -22.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €168,022 | €130,807 | -€37,215 | -22.1% |
| Distributable reserves | 133 | €168,022 | €130,807 | -€37,215 | -22.1% |
| Amounts payable | 17/49 | €69,526 | €81,867 | +€12,341 | +17.8% |
| Amounts payable after more than one year | 17 | €24,990 | €14,101 | -€10,889 | -43.6% |
| Financial debts | 170/4 | €24,990 | €14,101 | -€10,889 | -43.6% |
| Amounts payable within one year | 42/48 | €42,836 | €66,066 | +€23,230 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €10,551 | €10,889 | +€337 | +3.2% |
| Trade debts | 44 | €5,548 | €3,950 | -€1,598 | -28.8% |
| Suppliers | 440/4 | €5,548 | €3,950 | -€1,598 | -28.8% |
| Taxes, remuneration and social security | 45 | €25,904 | €24,071 | -€1,833 | -7.1% |
| Taxes | 450/3 | €25,904 | €24,071 | -€1,833 | -7.1% |
| Other amounts payable | 47/48 | €833 | €27,156 | +€26,323 | +3,160% |
| Accrued charges and deferred income | 492/3 | €1,700 | €1,700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,429 | €13,888 | +€2,459 | +21.5% |
| Other operating charges | 640/8 | €1,130 | €1,188 | +€57 | +5.1% |
| Gross operating margin | 9900 | €62,231 | €69,229 | +€6,998 | +11.2% |
| Operating profit (loss) | 9901 | €49,672 | €54,154 | +€4,481 | +9.0% |
| Financial income | 75/76B | €0 | €5,186 | +€5,186 | +17,287,467% |
| Recurring financial income | 75 | €0 | €5,186 | +€5,186 | +17,287,467% |
| Financial charges | 65/66B | €1,189 | €1,068 | -€121 | -10.2% |
| Recurring financial charges | 65 | €1,189 | €1,068 | -€121 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €48,483 | €58,272 | +€9,789 | +20.2% |
| Income taxes | 67/77 | €14,109 | €12,869 | -€1,240 | -8.8% |
| Profit (loss) for the period | 9904 | €34,374 | €45,403 | +€11,029 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,374 | €45,403 | +€11,029 | +32.1% |
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 18 October 2026 via checked.be.