ArteMedicale: 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.
ArteMedicale
Largest movements
- Tangible fixed assets -€91,533
down €91,533 (-60.0%), from €152,632 to €61,099
of which Other tangible fixed assets: -€91,944
- Cash +€37,022
up €37,022 (+15.4%), from €239,627 to €276,649
mainly Other debts (+€165,853) and Investment in fixed assets (net) (+€88,344)
- Receivables within one year +€19,833
up €19,833 (+74.8%), from €26,523 to €46,356
of which Other amounts receivable: +€18,762
- Reserves -€179,478
down €179,478 (-76.8%), from €233,575 to €54,098
- Other debts +€165,853
up €165,853 (+109.0%), from €152,177 to €318,030
- Tax, wage and social debts -€22,128
down €22,128 (-68.2%), from €32,439 to €10,311
- Financial charges +€37,637
up €37,637 (+346.8%), from €10,854 to €48,490
- Taxes -€34,487
down €34,487 (-64.6%), from €53,406 to €18,919
- Gross operating margin -€17,514
down €17,514 (-7.7%), from €228,883 to €211,369
- Depreciation -€5,164
down €5,164 (-61.8%), from €8,352 to €3,188
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 | €420,231 | €385,815 | -€34,416 | -8.2% |
| Fixed assets | 21/28 | €152,632 | €61,099 | -€91,533 | -60.0% |
| Tangible fixed assets | 22/27 | €152,632 | €61,099 | -€91,533 | -60.0% |
| Furniture and vehicles | 24 | €6,978 | €7,389 | +€411 | +5.9% |
| Other tangible fixed assets | 26 | €145,654 | €53,710 | -€91,944 | -63.1% |
| Current assets | 29/58 | €267,599 | €324,716 | +€57,117 | +21.3% |
| Amounts receivable within one year | 40/41 | €26,523 | €46,356 | +€19,833 | +74.8% |
| Trade receivables | 40 | €26,523 | €27,594 | +€1,071 | +4.0% |
| Other amounts receivable | 41 | - | €18,762 | +€18,762 | |
| Cash at bank and in hand | 54/58 | €239,627 | €276,649 | +€37,022 | +15.4% |
| Deferred charges and accrued income | 490/1 | €1,450 | €1,711 | +€261 | +18.0% |
| Total equity and liabilities | 10/49 | €420,231 | €385,815 | -€34,416 | -8.2% |
| Equity | 10/15 | €233,875 | €54,398 | -€179,478 | -76.7% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €233,575 | €54,098 | -€179,478 | -76.8% |
| Distributable reserves | 133 | €233,575 | €54,098 | -€179,478 | -76.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €186,356 | €331,417 | +€145,061 | +77.8% |
| Amounts payable within one year | 42/48 | €186,343 | €331,417 | +€145,074 | +77.9% |
| Trade debts | 44 | €1,727 | €3,076 | +€1,349 | +78.1% |
| Suppliers | 440/4 | €1,727 | €3,076 | +€1,349 | +78.1% |
| Taxes, remuneration and social security | 45 | €32,439 | €10,311 | -€22,128 | -68.2% |
| Taxes | 450/3 | €32,439 | €10,311 | -€22,128 | -68.2% |
| Other amounts payable | 47/48 | €152,177 | €318,030 | +€165,853 | +109.0% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,352 | €3,188 | -€5,164 | -61.8% |
| Other operating charges | 640/8 | €735 | €1,186 | +€450 | +61.3% |
| Non-recurring operating charges | 66A | - | €86,979 | +€86,979 | |
| Gross operating margin | 9900 | €228,883 | €211,369 | -€17,514 | -7.7% |
| Operating profit (loss) | 9901 | €219,796 | €120,016 | -€99,780 | -45.4% |
| Financial income | 75/76B | €2,213 | €1,491 | -€722 | -32.6% |
| Recurring financial income | 75 | €2,213 | €1,491 | -€722 | -32.6% |
| Financial charges | 65/66B | €10,854 | €48,490 | +€37,637 | +346.8% |
| Recurring financial charges | 65 | €10,854 | €48,490 | +€37,637 | +346.8% |
| Profit (loss) for the period before taxes | 9903 | €211,155 | €73,017 | -€138,138 | -65.4% |
| Income taxes | 67/77 | €53,406 | €18,919 | -€34,487 | -64.6% |
| Profit (loss) for the period | 9904 | €157,749 | €54,098 | -€103,651 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €157,749 | €54,098 | -€103,651 | -65.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.