ARTEMESIA: 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.
ARTEMESIA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€179,312
up €179,312 (+788%), from €22,750 to €202,062
of which Distributable reserves: +€179,312
- Profit (loss) carried forward -€178,942
no longer reported in 2025 (was €178,942)
- Debts after one year -€21,219
down €21,219 (-75.0%), from €28,276 to €7,057
- Trade debts +€15,862
up €15,862 (+715%), from €2,219 to €18,081
- Current portion of long-term debt +€4,604
up €4,604 (+39.1%), from €11,777 to €16,381
- Gross operating margin -€8,103
down €8,103 (-52.5%), from €15,439 to €7,336
- Depreciation -€7,851
down €7,851 (-87.3%), from €8,988 to €1,137
- Financial charges -€567
down €567 (-23.3%), from €2,436 to €1,869
- Taxes +€185
new in 2025: €185
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 | €285,964 | €285,690 | -€274 | -0.1% |
| Fixed assets | 21/28 | €229,106 | €227,969 | -€1,137 | -0.5% |
| Tangible fixed assets | 22/27 | €229,106 | €227,969 | -€1,137 | -0.5% |
| Land and buildings | 22 | €225,606 | €224,469 | -€1,137 | -0.5% |
| Furniture and vehicles | 24 | €3,500 | - | -€3,500 | |
| Other tangible fixed assets | 26 | - | €3,500 | +€3,500 | |
| Current assets | 29/58 | €56,858 | €57,721 | +€863 | +1.5% |
| Amounts receivable within one year | 40/41 | €11,882 | €11,882 | -€0 | 0.0% |
| Trade receivables | 40 | €11,882 | - | -€11,882 | |
| Other amounts receivable | 41 | - | €11,882 | +€11,882 | |
| Cash at bank and in hand | 54/58 | €44,976 | €45,839 | +€863 | +1.9% |
| Total equity and liabilities | 10/49 | €285,964 | €285,690 | -€274 | -0.1% |
| Equity | 10/15 | €241,692 | €242,062 | +€370 | +0.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | - | -€40,000 | |
| Issued capital | 100 | €40,000 | - | -€40,000 | |
| Reserves | 13 | €22,750 | €202,062 | +€179,312 | +788% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €4,000 | - | -€4,000 | |
| Reserves not available under the articles | 1311 | - | €4,000 | +€4,000 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | - | €179,312 | +€179,312 | |
| Profit (loss) carried forward | 14 | €178,942 | - | -€178,942 | |
| Amounts payable | 17/49 | €44,272 | €43,627 | -€645 | -1.5% |
| Amounts payable after more than one year | 17 | €28,276 | €7,057 | -€21,219 | -75.0% |
| Financial debts | 170/4 | €28,276 | €7,057 | -€21,219 | -75.0% |
| Amounts payable within one year | 42/48 | €15,996 | €36,570 | +€20,574 | +129% |
| Current portion of amounts payable after more than one year | 42 | €11,777 | €16,381 | +€4,604 | +39.1% |
| Trade debts | 44 | €2,219 | €18,081 | +€15,862 | +715% |
| Suppliers | 440/4 | €2,219 | €18,081 | +€15,862 | +715% |
| Taxes, remuneration and social security | 45 | - | €109 | +€109 | |
| Taxes | 450/3 | - | €109 | +€109 | |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,988 | €1,137 | -€7,851 | -87.3% |
| Other operating charges | 640/8 | €4,176 | €4,030 | -€146 | -3.5% |
| Gross operating margin | 9900 | €15,439 | €7,336 | -€8,103 | -52.5% |
| Operating profit (loss) | 9901 | €2,275 | €2,169 | -€106 | -4.7% |
| Financial income | 75/76B | €276 | €256 | -€20 | -7.2% |
| Recurring financial income | 75 | €276 | €256 | -€20 | -7.2% |
| Financial charges | 65/66B | €2,436 | €1,869 | -€567 | -23.3% |
| Recurring financial charges | 65 | €2,436 | €1,869 | -€567 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €115 | €556 | +€441 | +384% |
| Income taxes | 67/77 | - | €185 | +€185 | |
| Profit (loss) for the period | 9904 | €115 | €371 | +€256 | +222% |
| Profit (loss) for the period to be appropriated | 9905 | €115 | €371 | +€256 | +222% |
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 27 October 2026 via checked.be.