ARTEMA PROMOTION: 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.
ARTEMA PROMOTION
Largest movements
- Cash -€15,317
down €15,317 (-63.0%), from €24,305 to €8,989
mainly Other debts (-€16,023) and Trade debts (-€15,248)
- Receivables within one year -€8,398
down €8,398 (-54.9%), from €15,288 to €6,890
of which Trade receivables: -€8,417
- Tangible fixed assets -€6,582
down €6,582 (-29.4%), from €22,409 to €15,827
of which Furniture and vehicles: -€3,962
- Deferred charges and accrued income -€6,441
down €6,441 (-85.1%), from €7,567 to €1,126
- Current investments -€6,103
down €6,103 (-100.0%), from €6,103 to €0
- Other debts -€16,023
down €16,023 (-28.2%), from €56,883 to €40,860
- Trade debts -€15,248
down €15,248 (-43.2%), from €35,286 to €20,038
- Tax, wage and social debts -€7,862
down €7,862 (-53.6%), from €14,663 to €6,801
- Profit (loss) carried forward -€5,806
down €5,806 (-5.5%), from -€106,075 to -€111,881
- Gross operating margin -€54,886
down €54,886 (-91.4%), from €60,020 to €5,134
- Staff costs -€6,126
no longer reported in 2025 (was €6,126)
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 | €100,887 | €55,947 | -€44,939 | -44.5% |
| Formation expenses | 20 | €3,600 | €2,700 | -€900 | -25.0% |
| Fixed assets | 21/28 | €22,671 | €16,089 | -€6,582 | -29.0% |
| Tangible fixed assets | 22/27 | €22,409 | €15,827 | -€6,582 | -29.4% |
| Land and buildings | 22 | €8,161 | €6,792 | -€1,369 | -16.8% |
| Plant, machinery and equipment | 23 | €1,854 | €603 | -€1,252 | -67.5% |
| Furniture and vehicles | 24 | €12,394 | €8,432 | -€3,962 | -32.0% |
| Financial fixed assets | 28 | €262 | €262 | = | 0.0% |
| Current assets | 29/58 | €74,616 | €37,159 | -€37,457 | -50.2% |
| Stocks and contracts in progress | 3 | €21,353 | €20,154 | -€1,199 | -5.6% |
| Stocks | 30/36 | €21,353 | €20,154 | -€1,199 | -5.6% |
| Amounts receivable within one year | 40/41 | €15,288 | €6,890 | -€8,398 | -54.9% |
| Trade receivables | 40 | €15,288 | €6,871 | -€8,417 | -55.1% |
| Other amounts receivable | 41 | - | €19 | +€19 | |
| Current investments | 50/53 | €6,103 | €0 | -€6,103 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,305 | €8,989 | -€15,317 | -63.0% |
| Deferred charges and accrued income | 490/1 | €7,567 | €1,126 | -€6,441 | -85.1% |
| Total equity and liabilities | 10/49 | €100,887 | €55,947 | -€44,939 | -44.5% |
| Equity | 10/15 | -€5,945 | -€11,751 | -€5,806 | -97.7% |
| 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% |
| Reserves | 13 | €130 | €130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €130 | €130 | = | 0.0% |
| Legal reserve | 130 | €130 | €130 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,075 | -€111,881 | -€5,806 | -5.5% |
| Amounts payable | 17/49 | €106,832 | €67,699 | -€39,133 | -36.6% |
| Amounts payable within one year | 42/48 | €106,832 | €67,699 | -€39,133 | -36.6% |
| Trade debts | 44 | €35,286 | €20,038 | -€15,248 | -43.2% |
| Suppliers | 440/4 | €35,286 | €20,038 | -€15,248 | -43.2% |
| Taxes, remuneration and social security | 45 | €14,663 | €6,801 | -€7,862 | -53.6% |
| Taxes | 450/3 | €14,663 | €6,801 | -€7,862 | -53.6% |
| Other amounts payable | 47/48 | €56,883 | €40,860 | -€16,023 | -28.2% |
| Non-recurring operating income | 76A | - | €1,972 | +€1,972 | |
| Remuneration, social security and pensions | 62 | €6,126 | - | -€6,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,028 | €7,482 | +€454 | +6.5% |
| Other operating charges | 640/8 | €1,471 | €1,160 | -€311 | -21.1% |
| Non-recurring operating charges | 66A | €123 | - | -€123 | |
| Gross operating margin | 9900 | €60,020 | €5,134 | -€54,886 | -91.4% |
| Operating profit (loss) | 9901 | €45,273 | -€3,507 | -€48,780 | |
| Financial charges | 65/66B | €1,904 | €1,821 | -€83 | -4.3% |
| Recurring financial charges | 65 | €1,904 | €1,821 | -€83 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €43,369 | -€5,328 | -€48,698 | |
| Income taxes | 67/77 | €395 | €477 | +€83 | +20.9% |
| Profit (loss) for the period | 9904 | €42,975 | -€5,806 | -€48,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,975 | -€5,806 | -€48,780 |
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 14 October 2026 via checked.be.