ARTIMO: what changed
What changed
ARTIMO
NACE 47.120, Other non-specialised retail sale
filed annual accounts (NBB)
Net result for the year
€295,226
2024 · €68,905+€226,322
Equity
€2.4m
2024 · €2.1m+€295,226
Cash
€475,458
2024 · €429,226+€46,232
Balance sheet total
€5.5m
2024 · €4.4m+€1.1m
Largest movements
Assets
- Stocks and contracts +€562,737
up €562,737 (+33.6%), from €1.7m to €2.2m
- Tangible fixed assets +€260,514
up €260,514 (+11.9%), from €2.2m to €2.5m
of which Land and buildings: +€247,919
- Receivables within one year +€218,135
up €218,135 (+331%), from €65,851 to €283,986
of which Trade receivables: +€199,830
Equity and liabilities
- Advances received +€396,792
up €396,792 (+76.6%), from €518,208 to €915,000
- Trade debts +€220,283
up €220,283 (+378%), from €58,212 to €278,495
- Debts after one year +€171,207
up €171,207 (+96.9%), from €176,675 to €347,882
of which Financial debts: +€265,080
- Reserves +€150,746
up €150,746 (+2,283%), from €6,604 to €157,350
of which Tax-exempt reserves: +€147,350
- Profit (loss) carried forward +€144,480
up €144,480, from -€47,038 to €97,442
Income statement
- Gross operating margin +€357,245
up €357,245 (+135%), from €265,449 to €622,695
- Write-downs +€93,063
new in 2025: €93,063
- Taxes +€72,855
up €72,855 (+201%), from €36,263 to €109,118
- Financial income +€13,019
up €13,019 (+1,951%), from €667 to €13,687
- Depreciation -€7,599
down €7,599 (-36.4%), from €20,864 to €13,264
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
€68,905
Gross operating margin
+€357,245
Staff costs
+€3,394
Depreciation
+€7,599
Write-downs
-€93,063
Provisions
+€4,942
Other operating charges
+€5,159
Financial income
+€13,019
Financial charges
+€880
Taxes
-€72,855
Result 2025
€295,226
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
+€204,021
Investment
-€272,112
Financing
+€114,323
Cash 2024
€429,226
From operations (derived)
+€204,021
Net result for the year
+€295,226
Depreciation
+€13,264
Stocks and contracts
-€562,737
Receivables within one year
-€218,135
Deferred charges and accrued income
-€28,924
Provisions
-€4,942
Trade debts
+€220,283
Tax, wage and social debts
+€49,288
Advances received
+€396,792
Other debts
+€35,000
Accrued charges and deferred income
+€8,906
Investment (derived)
-€272,112
Investment in fixed assets (net)
-€272,112
Financing
+€114,323
Debts after one year
+€171,207
Current portion of long-term debt
-€56,884
Cash 2025
€475,458
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,398,188 | €5,513,064 | +€1.1m | +25.3% |
| Fixed assets | 21/28 | €2,200,885 | €2,459,732 | +€258,847 | +11.8% |
| Intangible fixed assets | 21 | €2,733 | €1,067 | -€1,666 | -61.0% |
| Tangible fixed assets | 22/27 | €2,197,916 | €2,458,430 | +€260,514 | +11.9% |
| Land and buildings | 22 | €2,186,000 | €2,433,919 | +€247,919 | +11.3% |
| Plant, machinery and equipment | 23 | - | €3,977 | +€3,977 | |
| Furniture and vehicles | 24 | €11,916 | €20,533 | +€8,617 | +72.3% |
| Financial fixed assets | 28 | €236 | €236 | = | 0.0% |
| Current assets | 29/58 | €2,197,304 | €3,053,332 | +€856,028 | +39.0% |
| Stocks and contracts in progress | 3 | €1,673,780 | €2,236,517 | +€562,737 | +33.6% |
| Stocks | 30/36 | €1,673,780 | €2,236,517 | +€562,737 | +33.6% |
| Amounts receivable within one year | 40/41 | €65,851 | €283,986 | +€218,135 | +331% |
| Trade receivables | 40 | €43,762 | €243,591 | +€199,830 | +457% |
| Other amounts receivable | 41 | €22,089 | €40,395 | +€18,306 | +82.9% |
| Cash at bank and in hand | 54/58 | €429,226 | €475,458 | +€46,232 | +10.8% |
| Deferred charges and accrued income | 490/1 | €28,447 | €57,371 | +€28,924 | +102% |
| Total equity and liabilities | 10/49 | €4,398,188 | €5,513,064 | +€1.1m | +25.3% |
| Equity | 10/15 | €2,112,428 | €2,407,655 | +€295,226 | +14.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,052,862 | €2,052,862 | = | 0.0% |
| Reserves | 13 | €6,604 | €157,350 | +€150,746 | +2,283% |
| Non-distributable reserves | 130/1 | €6,604 | €10,000 | +€3,396 | +51.4% |
| Legal reserve | 130 | €6,604 | €10,000 | +€3,396 | +51.4% |
| Tax-exempt reserves | 132 | - | €147,350 | +€147,350 | |
| Profit (loss) carried forward | 14 | -€47,038 | €97,442 | +€144,480 | |
| Provisions and deferred taxes | 16 | €1,369,800 | €1,364,858 | -€4,942 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €1,369,800 | €1,364,858 | -€4,942 | -0.4% |
| Environmental obligations | 163 | €19,800 | €19,800 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,350,000 | €1,345,058 | -€4,942 | -0.4% |
| Amounts payable | 17/49 | €915,960 | €1,740,551 | +€824,591 | +90.0% |
| Amounts payable after more than one year | 17 | €176,675 | €347,882 | +€171,207 | +96.9% |
| Financial debts | 170/4 | - | €265,080 | +€265,080 | |
| Other amounts payable | 178/9 | €176,675 | €82,802 | -€93,873 | -53.1% |
| Amounts payable within one year | 42/48 | €738,125 | €1,382,604 | +€644,479 | +87.3% |
| Current portion of amounts payable after more than one year | 42 | €56,884 | - | -€56,884 | |
| Trade debts | 44 | €58,212 | €278,495 | +€220,283 | +378% |
| Suppliers | 440/4 | €58,212 | €278,495 | +€220,283 | +378% |
| Advances received on contracts in progress | 46 | €518,208 | €915,000 | +€396,792 | +76.6% |
| Taxes, remuneration and social security | 45 | €104,821 | €154,109 | +€49,288 | +47.0% |
| Taxes | 450/3 | €104,821 | €149,521 | +€44,700 | +42.6% |
| Remuneration and social security | 454/9 | - | €4,588 | +€4,588 | |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Accrued charges and deferred income | 492/3 | €1,160 | €10,066 | +€8,906 | +768% |
| Remuneration, social security and pensions | 62 | €17,887 | €14,493 | -€3,394 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,864 | €13,264 | -€7,599 | -36.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €93,063 | +€93,063 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€4,942 | -€4,942 | |
| Other operating charges | 640/8 | €16,334 | €11,175 | -€5,159 | -31.6% |
| Gross operating margin | 9900 | €265,449 | €622,695 | +€357,245 | +135% |
| Operating profit (loss) | 9901 | €210,364 | €495,642 | +€285,277 | +136% |
| Financial income | 75/76B | €667 | €13,687 | +€13,019 | +1,951% |
| Recurring financial income | 75 | €667 | €13,687 | +€13,019 | +1,951% |
| Financial charges | 65/66B | €105,863 | €104,983 | -€880 | -0.8% |
| Recurring financial charges | 65 | €105,863 | €104,983 | -€880 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €105,168 | €404,345 | +€299,176 | +284% |
| Income taxes | 67/77 | €36,263 | €109,118 | +€72,855 | +201% |
| Profit (loss) for the period | 9904 | €68,905 | €295,226 | +€226,322 | +328% |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €68,905 | €147,876 | +€78,972 | +115% |
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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 2 November 2026 via checked.be.