Artoos Immo: what changed
What changed
Artoos Immo
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€248,595
2024 · -€61,382-€187,213
Equity
-€144,548
2024 · €104,046-€248,594
Cash
€17,610
2024 · €27,921-€10,311
Balance sheet total
€2.3m
2024 · €1.9m+€479,428
Largest movements
Assets
- Receivables within one year +€651,167
up €651,167 (+118%), from €552,717 to €1.2m
of which Trade receivables: +€420,000
- Intangible fixed assets -€175,590
down €175,590 (-16.8%), from €1.0m to €868,360
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+82.8%), from €1.3m to €2.4m
- Trade debts -€294,538
down €294,538 (-85.5%), from €344,447 to €49,909
- Profit (loss) carried forward -€248,594
down €248,594 (-243%), from -€102,154 to -€350,748
- Accrued charges and deferred income -€54,439
down €54,439 (-52.4%), from €103,934 to €49,495
Income statement
- Gross operating margin -€117,210
down €117,210 (-55.8%), from €209,976 to €92,766
- Financial charges +€65,618
up €65,618 (+392%), from €16,742 to €82,360
- Other operating charges +€2,522
up €2,522 (+3.1%), from €80,402 to €82,924
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
-€61,382
Gross operating margin
-€117,210
Depreciation
-€1,864
Other operating charges
-€2,522
Financial income
+€1
Financial charges
-€65,618
Result 2025
-€248,595
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
-€1.1m
Investment
-€14,650
Financing
+€1.1m
Cash 2024
€27,921
From operations (derived)
-€1.1m
Net result for the year
-€248,595
Depreciation
+€176,078
Receivables within one year
-€651,167
Deferred charges and accrued income
-€0
Trade debts
-€294,538
Accrued charges and deferred income
-€54,439
Investment (derived)
-€14,650
Investment in fixed assets (net)
-€14,650
Financing
+€1.1m
Debts after one year
+€1.1m
Contributions, distributions and other
+€1
Cash 2025
€17,610
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,852,427 | €2,331,855 | +€479,428 | +25.9% |
| Fixed assets | 21/28 | €1,187,325 | €1,025,897 | -€161,428 | -13.6% |
| Intangible fixed assets | 21 | €1,043,950 | €868,360 | -€175,590 | -16.8% |
| Tangible fixed assets | 22/27 | €143,375 | €157,537 | +€14,162 | +9.9% |
| Land and buildings | 22 | - | €14,162 | +€14,162 | |
| Other tangible fixed assets | 26 | €143,375 | €143,375 | = | 0.0% |
| Current assets | 29/58 | €665,102 | €1,305,959 | +€640,857 | +96.4% |
| Amounts receivable within one year | 40/41 | €552,717 | €1,203,884 | +€651,167 | +118% |
| Trade receivables | 40 | €531,432 | €951,432 | +€420,000 | +79.0% |
| Other amounts receivable | 41 | €21,285 | €252,452 | +€231,167 | +1,086% |
| Cash at bank and in hand | 54/58 | €27,921 | €17,610 | -€10,311 | -36.9% |
| Deferred charges and accrued income | 490/1 | €84,464 | €84,464 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €1,852,427 | €2,331,855 | +€479,428 | +25.9% |
| Equity | 10/15 | €104,046 | -€144,548 | -€248,594 | |
| Contributions | 10/11 | €206,200 | €206,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,154 | -€350,748 | -€248,594 | -243% |
| Amounts payable | 17/49 | €1,748,381 | €2,476,404 | +€728,023 | +41.6% |
| Amounts payable after more than one year | 17 | €1,300,000 | €2,377,000 | +€1.1m | +82.8% |
| Financial debts | 170/4 | €1,300,000 | €2,377,000 | +€1.1m | +82.8% |
| Amounts payable within one year | 42/48 | €344,447 | €49,909 | -€294,538 | -85.5% |
| Trade debts | 44 | €344,447 | €49,909 | -€294,538 | -85.5% |
| Suppliers | 440/4 | €344,447 | €49,909 | -€294,538 | -85.5% |
| Accrued charges and deferred income | 492/3 | €103,934 | €49,495 | -€54,439 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,214 | €176,078 | +€1,864 | +1.1% |
| Other operating charges | 640/8 | €80,402 | €82,924 | +€2,522 | +3.1% |
| Gross operating margin | 9900 | €209,976 | €92,766 | -€117,210 | -55.8% |
| Operating profit (loss) | 9901 | -€44,640 | -€166,236 | -€121,596 | -272% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €16,742 | €82,360 | +€65,618 | +392% |
| Recurring financial charges | 65 | €16,742 | €82,360 | +€65,618 | +392% |
| Profit (loss) for the period before taxes | 9903 | -€61,382 | -€248,595 | -€187,213 | -305% |
| Profit (loss) for the period | 9904 | -€61,382 | -€248,595 | -€187,213 | -305% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,382 | -€248,595 | -€187,213 | -305% |
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 7 November 2026 via checked.be.