ArteMesa: 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.
ArteMesa
Largest movements
- Receivables within one year -€184,442
down €184,442 (-98.6%), from €187,144 to €2,702
of which Other amounts receivable: -€185,484
- Stocks and contracts -€15,490
down €15,490 (-25.9%), from €59,884 to €44,394
- Trade debts -€210,794
down €210,794 (-69.4%), from €303,793 to €93,000
- Other debts +€89,605
up €89,605 (+10,395%), from €862 to €90,467
- Accrued charges and deferred income -€71,516
down €71,516 (-30.9%), from €231,312 to €159,796
- Advances received -€11,197
no longer reported in 2025 (was €11,197)
- Gross operating margin +€8,927
up €8,927 (+47.8%), from €18,695 to €27,622
- Depreciation +€2,832
up €2,832 (+42.7%), from €6,630 to €9,462
- Financial charges +€1,819
up €1,819 (+29.6%), from €6,155 to €7,974
- Taxes +€1,284
up €1,284 (+50.6%), from €2,539 to €3,822
- Other operating charges -€1,157
down €1,157 (-45.9%), from €2,522 to €1,365
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 | €639,305 | €441,405 | -€197,899 | -31.0% |
| Fixed assets | 21/28 | €122,251 | €123,103 | +€852 | +0.7% |
| Tangible fixed assets | 22/27 | €22,251 | €23,103 | +€852 | +3.8% |
| Plant, machinery and equipment | 23 | €10,648 | €9,145 | -€1,502 | -14.1% |
| Furniture and vehicles | 24 | €11,604 | €13,958 | +€2,355 | +20.3% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €517,053 | €318,302 | -€198,752 | -38.4% |
| Amounts receivable after more than one year | 29 | €268,588 | €268,588 | = | 0.0% |
| Other amounts receivable | 291 | €268,588 | €268,588 | = | 0.0% |
| Stocks and contracts in progress | 3 | €59,884 | €44,394 | -€15,490 | -25.9% |
| Stocks | 30/36 | €59,884 | €44,394 | -€15,490 | -25.9% |
| Amounts receivable within one year | 40/41 | €187,144 | €2,702 | -€184,442 | -98.6% |
| Trade receivables | 40 | €211 | €1,253 | +€1,042 | +493% |
| Other amounts receivable | 41 | €186,933 | €1,449 | -€185,484 | -99.2% |
| Deferred charges and accrued income | 490/1 | €1,437 | €2,618 | +€1,181 | +82.2% |
| Total equity and liabilities | 10/49 | €639,305 | €441,405 | -€197,899 | -31.0% |
| Equity | 10/15 | €32,520 | €37,518 | +€4,999 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €24,460 | €29,458 | +€4,999 | +20.4% |
| Amounts payable | 17/49 | €606,785 | €403,887 | -€202,898 | -33.4% |
| Amounts payable after more than one year | 17 | €12,500 | €12,500 | = | 0.0% |
| Other amounts payable | 178/9 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €362,973 | €231,591 | -€131,382 | -36.2% |
| Financial debts | 43 | €36,670 | €40,937 | +€4,267 | +11.6% |
| Credit institutions | 430/8 | €36,670 | €40,937 | +€4,267 | +11.6% |
| Trade debts | 44 | €303,793 | €93,000 | -€210,794 | -69.4% |
| Suppliers | 440/4 | €303,793 | €93,000 | -€210,794 | -69.4% |
| Advances received on contracts in progress | 46 | €11,197 | - | -€11,197 | |
| Taxes, remuneration and social security | 45 | €10,451 | €7,187 | -€3,264 | -31.2% |
| Taxes | 450/3 | €10,451 | €7,187 | -€3,264 | -31.2% |
| Other amounts payable | 47/48 | €862 | €90,467 | +€89,605 | +10,395% |
| Accrued charges and deferred income | 492/3 | €231,312 | €159,796 | -€71,516 | -30.9% |
| Non-recurring operating income | 76A | €14,398 | - | -€14,398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,630 | €9,462 | +€2,832 | +42.7% |
| Other operating charges | 640/8 | €2,522 | €1,365 | -€1,157 | -45.9% |
| Gross operating margin | 9900 | €18,695 | €27,622 | +€8,927 | +47.8% |
| Operating profit (loss) | 9901 | €9,543 | €16,795 | +€7,252 | +76.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6,155 | €7,974 | +€1,819 | +29.6% |
| Recurring financial charges | 65 | €6,155 | €7,974 | +€1,819 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €3,388 | €8,821 | +€5,433 | +160% |
| Income taxes | 67/77 | €2,539 | €3,822 | +€1,284 | +50.6% |
| Profit (loss) for the period | 9904 | €850 | €4,999 | +€4,149 | +488% |
| Profit (loss) for the period to be appropriated | 9905 | €850 | €4,999 | +€4,149 | +488% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.