ARTEM CURA: 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.
ARTEM CURA
Largest movements
- Receivables within one year -€8,906
down €8,906 (-75.6%), from €11,784 to €2,878
of which Trade receivables: -€6,619
- Tangible fixed assets -€4,303
down €4,303 (-23.1%), from €18,643 to €14,340
- Current investments -€1,289
down €1,289 (-78.8%), from €1,636 to €347
- Profit (loss) carried forward -€6,132
down €6,132 (-54.0%), from -€11,363 to -€17,495
- Other debts -€4,095
down €4,095 (-37.0%), from €11,060 to €6,965
- Debts after one year -€3,220
down €3,220 (-26.3%), from €12,225 to €9,005
- Tax, wage and social debts -€1,560
down €1,560 (-68.8%), from €2,266 to €706
of which Taxes: -€1,094
- Purchases and services -€18,825
down €18,825 (-13.7%), from €137,123 to €118,298
- Gross operating margin -€3,237
down €3,237, from €3,161 to -€76
- Financial income -€3,225
down €3,225 (-99.2%), from €3,250 to €25
of which Non-recurring financial income: -€3,250
- Depreciation +€1,740
up €1,740 (+67.9%), from €2,563 to €4,303
- Taxes -€987
down €987 (-81.4%), from €1,212 to €225
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,841 | €19,383 | -€14,459 | -42.7% |
| Fixed assets | 21/28 | €18,721 | €14,418 | -€4,303 | -23.0% |
| Tangible fixed assets | 22/27 | €18,643 | €14,340 | -€4,303 | -23.1% |
| Furniture and vehicles | 24 | €18,643 | €14,340 | -€4,303 | -23.1% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €15,120 | €4,965 | -€10,155 | -67.2% |
| Amounts receivable within one year | 40/41 | €11,784 | €2,878 | -€8,906 | -75.6% |
| Trade receivables | 40 | €8,523 | €1,904 | -€6,619 | -77.7% |
| Other amounts receivable | 41 | €3,260 | €974 | -€2,287 | -70.1% |
| Current investments | 50/53 | €1,636 | €347 | -€1,289 | -78.8% |
| Deferred charges and accrued income | 490/1 | €1,700 | €1,740 | +€40 | +2.3% |
| Total equity and liabilities | 10/49 | €33,841 | €19,383 | -€14,459 | -42.7% |
| Equity | 10/15 | €1,697 | -€4,435 | -€6,132 | |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,363 | -€17,495 | -€6,132 | -54.0% |
| Amounts payable | 17/49 | €32,144 | €23,818 | -€8,326 | -25.9% |
| Amounts payable after more than one year | 17 | €12,225 | €9,005 | -€3,220 | -26.3% |
| Financial debts | 170/4 | €12,225 | €9,005 | -€3,220 | -26.3% |
| Amounts payable within one year | 42/48 | €17,169 | €11,812 | -€5,356 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €3,081 | €3,220 | +€139 | +4.5% |
| Trade debts | 44 | €761 | €921 | +€160 | +21.1% |
| Suppliers | 440/4 | €761 | €921 | +€160 | +21.1% |
| Taxes, remuneration and social security | 45 | €2,266 | €706 | -€1,560 | -68.8% |
| Taxes | 450/3 | €1,800 | €706 | -€1,094 | -60.8% |
| Remuneration and social security | 454/9 | €466 | €0 | -€466 | -100% |
| Other amounts payable | 47/48 | €11,060 | €6,965 | -€4,095 | -37.0% |
| Accrued charges and deferred income | 492/3 | €2,750 | €3,000 | +€250 | +9.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €137,123 | €118,298 | -€18,825 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,563 | €4,303 | +€1,740 | +67.9% |
| Other operating charges | 640/8 | €947 | €872 | -€75 | -8.0% |
| Gross operating margin | 9900 | €3,161 | -€76 | -€3,237 | |
| Operating profit (loss) | 9901 | -€350 | -€5,252 | -€4,902 | -1,402% |
| Financial income | 75/76B | €3,250 | €25 | -€3,225 | -99.2% |
| Recurring financial income | 75 | €3,250 | €25 | -€3,225 | -99.2% |
| Non-recurring financial income | 76B | €3,250 | - | -€3,250 | |
| Financial charges | 65/66B | €508 | €680 | +€172 | +33.9% |
| Recurring financial charges | 65 | €508 | €680 | +€172 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €2,392 | -€5,907 | -€8,300 | |
| Income taxes | 67/77 | €1,212 | €225 | -€987 | -81.4% |
| Profit (loss) for the period | 9904 | €1,181 | -€6,132 | -€7,313 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,181 | -€6,132 | -€7,313 |
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 22 October 2026 via checked.be.