Artemas: what changed
Two fiscal 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.
Artemas
Largest movements
- Cash +€17,720
up €17,720 (+78.8%), from €22,500 to €40,220
mainly Net result for the year (+€12,908) and Tax, wage and social debts (+€3,604)
- Receivables within one year -€2,871
down €2,871 (-38.6%), from €7,439 to €4,569
of which Other amounts receivable: -€1,822
- Tangible fixed assets +€1,402
new in 2025: €1,402
- Reserves +€12,908
up €12,908 (+55.1%), from €23,415 to €36,323
- Tax, wage and social debts +€3,604
up €3,604 (+121.3%), from €2,972 to €6,575
- Gross operating margin -€11,914
down €11,914 (-36.6%), from €32,557 to €20,643
- Taxes -€2,360
down €2,360 (-28.9%), from €8,158 to €5,798
- Other operating charges +€455
up €455 (+42.4%), from €1,074 to €1,530
- Depreciation +€332
new in 2025: €332
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.
Cash bridge derived
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 | €30,589 | €46,841 | +€16,252 | +53.1% |
| Fixed assets | 21/28 | €100 | €1,502 | +€1,402 | +1402.3% |
| Tangible fixed assets | 22/27 | - | €1,402 | +€1,402 | |
| Furniture and vehicles | 24 | - | €1,402 | +€1,402 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €30,489 | €45,339 | +€14,850 | +48.7% |
| Amounts receivable within one year | 40/41 | €7,439 | €4,569 | -€2,871 | -38.6% |
| Trade receivables | 40 | €1,049 | €0 | -€1,049 | -100.0% |
| Other amounts receivable | 41 | €6,390 | €4,569 | -€1,822 | -28.5% |
| Cash at bank and in hand | 54/58 | €22,500 | €40,220 | +€17,720 | +78.8% |
| Deferred charges and accrued income | 490/1 | €550 | €550 | = | 0.0% |
| Total equity and liabilities | 10/49 | €30,589 | €46,841 | +€16,252 | +53.1% |
| Equity | 10/15 | €24,415 | €37,323 | +€12,908 | +52.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,415 | €36,323 | +€12,908 | +55.1% |
| Distributable reserves | 133 | €23,415 | €36,323 | +€12,908 | +55.1% |
| Amounts payable | 17/49 | €6,174 | €9,518 | +€3,344 | +54.2% |
| Amounts payable within one year | 42/48 | €5,834 | €9,518 | +€3,684 | +63.1% |
| Trade debts | 44 | €2,862 | €2,943 | +€80 | +2.8% |
| Suppliers | 440/4 | €2,862 | €2,943 | +€80 | +2.8% |
| Taxes, remuneration and social security | 45 | €2,972 | €6,575 | +€3,604 | +121.3% |
| Taxes | 450/3 | €2,972 | €6,575 | +€3,604 | +121.3% |
| Accrued charges and deferred income | 492/3 | €340 | €0 | -€340 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €332 | +€332 | |
| Other operating charges | 640/8 | €1,074 | €1,530 | +€455 | +42.4% |
| Gross operating margin | 9900 | €32,557 | €20,643 | -€11,914 | -36.6% |
| Operating profit (loss) | 9901 | €31,483 | €18,781 | -€12,701 | -40.3% |
| Financial income | 75/76B | €334 | €249 | -€85 | -25.4% |
| Recurring financial income | 75 | €334 | €249 | -€85 | -25.4% |
| Financial charges | 65/66B | €243 | €324 | +€81 | +33.3% |
| Recurring financial charges | 65 | €243 | €324 | +€81 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €31,573 | €18,706 | -€12,867 | -40.8% |
| Income taxes | 67/77 | €8,158 | €5,798 | -€2,360 | -28.9% |
| Profit (loss) for the period | 9904 | €23,415 | €12,908 | -€10,507 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,415 | €12,908 | -€10,507 | -44.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.